Enhancing Cash Flow through Accounts Receivable Turnover and Inventory Management in the Tobacco Industry


  • Paramita Andini Universitas Nusa Putra
  • Dila Padila Nurhasanah Universitas Nusa Putra




Accounts Receivable Turnover, Inventory Turnover, Liquidity, Cigarette Industry, Indonesian Stock Exchange (IDX), Financial Analysis, Current Ratio


This research investigates the impact of accounts receivable and inventory turnover on the liquidity of cigarette sub-sector companies listed on the Indonesian Stock Exchange (IDX) from 2017 to 2019. This study uses a quantitative approach and relies on secondary data from company financial statements, articles, and journal articles; this study focuses on three sample companies within the cigarette industry. Key financial metrics, including current ratio, accounts receivable, and inventory turnover, are analyzed to assess their influence on liquidity. The findings reveal that while accounts receivable turnover does not significantly affect liquidity, inventory turnover substantially influences liquidity levels in the cigarette industry companies listed on the IDX. These insights provide valuable guidance for stakeholders in assessing and optimizing companies’ liquidity within the cigarette sub-sector.


Busman Bactiar, Indayani B, & Arlistria Muthmainnah. (2022). Pengaruh Debt To Equity Ratio, Current Ratio, Dan Inventory Turnover Terhadap Pertumbuhan Laba (Studi Kasus Perusahaan Sektor Pertambangan Yang Terdaftar di Bursa Efek Indonesia Tahun 2017-2019). MANDAR: Management Development and Applied Research Journal, 5(1), 191–197. https://doi.org/10.31605/mandar.v5i1.2163

Manullang, A. E. A., Togatorop, D., Purba, P. R. D., Manik, E. A. Y., Simorangkir, E. N., & Lase, R. K. (2020). The Significance of Accounts Receivable Turnover, Debt to Equity Ratio, Current Ratio to The Probability of Manufacturing Companies. International Journal of Social Science and Business, 4(3), 464. https://doi.org/10.23887/ijssb.v4i3.27874

Rivaldy, M. F. (2022). Pengaruh Current Rasio dan Inventory Turnover terhadap Return on Asset pada Perusahaan Sub Sektor Semen Effect of current v ratio and inventory turnover on return on assets in cement sub-sector companies. 2(2), 355–367.

Seetha, K., Babu, R., Satyanarayana, A. V, & Kumar, A. P. (2019). Analysis on Inventory Turnover Ratio of Select SAP Implemented Pharmaceutical Companies. 8(9), 113–116.

Vista, V., Leandra, W. A., Katharina, N., & Seliamang, Y. M. (2023). the Effect of Cash Turnover, Receivables Turnover, Inventory Turnover and Company Growth on Profitability in Manufacturing Companies in the Multiple Industrial Sectors Listed on the Indonesia Stock Exchange in 2018-2020. SULTANIST: Jurnal Manajemen Dan Keuangan, 11(1), 89–96. https://doi.org/10.37403/sultanist.v11i1.498

Zait, A., & Bertea, P. E. (2014). Financial Literacy-Conceptual Definition and Proposed Approach for a Measurement Instrument. Journal of Accounting and Mangement, 4(3), 37–42.

Zulhendra, Z., & Lady Novica. (2021). Analysis of Accounts Receivable Turnover at PT. The Core of Sumatran Success in 2021. Dinasti International Journal of Economics, Finance & Accounting, 2(4), 424–435. https://doi.org/10.38035/dijefa.v2i4.1371




How to Cite

Andini, P., & Nurhasanah, D. P. (2023). Enhancing Cash Flow through Accounts Receivable Turnover and Inventory Management in the Tobacco Industry. Eastasouth Proceeding of Interdisciplinary Research, 1(01), 31–39. https://doi.org/10.58812/asir.v1i01.25