Analysis of the Influence of Working Capital on Profitability Level of Pt. Akasha Wira International TBK

The purpose of this study was to analyze the effect of cash, accounts receivable, and inventory turnover on profitability of PT Akasha Wira International Tbk. Secondary data of financial reports were collected from the firms. The results reveal that working capital consists of: cash turnover, accounts receivable turnover and inventory turnover do not significantly influence profitability (ROA) while cash turnover, accounts receivable turnover and inventory turnover significantly influence profitability. The findings indicate that working capital does not influence ROA but influence profitability.