The Effect of Working Capital Management on Profitability With Liquidity as Moderation

This study aims to test and determine the effect of working capital management such as cash turnover ratio, receivables turnover, inventory turnover to profitability (RoA) with liquidity proxied by current assets as a moderation variable in agricultural companies listed on the Indonesia Stock Exchange (IDX) in 2019-2022. This research is a development of previous research by adding liquidity variables as moderation. The population of this study was 44 agricultural companies, with purposive sampling techniques obtained samples namely 23 companies. This type of quantitative research with an explanatory approach through secondary data collection in the company's financial statements, data analysis techniques are multiple linear regression analysis and moderation regression analysis (MRA) tests using SPSS 26 software. The results of this study partially have a significant negative effect on profitability, while receivables have a significant positive effect on profitability in agricultural companies listed on the IDX in 2019-2022. Liquidity as a moderation variable is unable to moderate the effect of working capital management on the profitability of agricultural companies listed on the IDX in 2019-2022.