STUDY OF WORKING CAPITAL MANAGEMENT ON SMALL AND MICRO BUSINESSES OF CASSAVA-BASED FOOD IN SEMARANG REGENCY

WIBOWO, BONIFATIUS JUNIANTO and KURNIASARI, WIDURI and SUPRIYANTO, IGNATIUS (2021) STUDY OF WORKING CAPITAL MANAGEMENT ON SMALL AND MICRO BUSINESSES OF CASSAVA-BASED FOOD IN SEMARANG REGENCY. Jurnal Ekonomi, Manajemen, Akuntansi dan Perpajakan, 4 (1). pp. 73-87. ISSN 2622-612X

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Abstract

This research is conducted to know the condition of small and micro business of cassava –based in Semarang regency related to management of working capital. Samples of this research are ten small and micro business of cassava-based food in that area. That data was obtained with questionnaires, which distributed to those samples. Interview and observation are also used to complete data from questioner. The data are analyzed by descriptive quantitative and qualiitative. The result show that they run their business only to get revenue for meeting their basic needs. While, on the working capital management, they focus on finished goods inventory rather than on raw material inventory. The easiness of getting the cassava make them have a few cassava as inventory. They order cassava from nearest supplier for making any kinds of food. Most of working capital is financed by owners equity. Therefore, they do not dependent on creditors. Nevertheless, they have not yet included wages of workers to create net profit. Respectively, inventory conversion period, average collection period, payables deferral period and cash conversion cycle do not influence to return on asset. In the future, they can take loan to finance working capital as long as not more than owner’s equity. They should include wages expense to get profit. More importantly, they must own entrepreneurial spirit in business. Keywords: SMEs, Working Capital, Cassava

Item Type: Article
Subjects: 300 Social Sciences
300 Social Sciences > 330 Economics
300 Social Sciences > 330 Economics > Financial Economics > Capital
Depositing User: mr B. Juniato Wibowo
Date Deposited: 29 Jun 2021 06:40
Last Modified: 29 Jun 2021 06:40
URI: http://repository.unika.ac.id/id/eprint/25914

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