¹Ervita Safitri , ²Dhea Seftiani, ³Abdul Basyith

^1,2,3Faculty of Economics and Business, University of Muhammadiyah Palembang

The purpose of this study was to determine the effect of working capital strategy on profitability before and during the Covid-19 pandemic on the Indonesia Stock Exchange. The population used in this study is the restaurant, hotel & tourism sub-sector companies; pharmaceutical sub-sector; as well as the telecommunications sub-sector listed on the Indonesia Stock Exchange which was conducted in the 2nd quarter of 2018 to the 3rd quarter of 2021 (14 periods). With a total sample of 22 companies. The sampling technique was carried out using purposive sampling method. This study uses secondary data in the form of financial statements obtained from the official website of the Indonesia Stock Exchangewww.idx.co.id. The data analysis technique in this study used multiple linear regression analysis with dummy variables. By calculating descriptive statistics, multiple linear regression test, multicollinearity test, autocorrelation test, heteroscedasticity test, model fit test, regression coefficient test, and different test. The results showed that CCC, WCIA, WCFA, and Dummy together had a significant effect on ROA. CCC has no and no significant effect on ROA, WCIA and WCFA partially have a significant effect on ROA, Dummy has a negative and significant effect on ROA. And WCIA has a parallel different influence on ROA before and during the Covid-19 pandemic, WCFA has an intersecting different influence on ROA before and during the Covid-19 pandemic.

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Volume 05 Issue 05 MAY 2022

There is an Open Access article, distributed under the term of the Creative Commons Attribution – Non Commercial 4.0 International (CC BY-NC 4.0) (https://creativecommons.org/licenses/by-nc/4.0/), which permits remixing, adapting and building upon the work for non-commercial use, provided the original work is properly cited.