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AIYALISIS HUBUNGAN SUMBER DAN PENGGUNAAN MODAL KERJA DENGAN PENILAIAN KINERJA KEUAI\GAN PADA PT. TRIGUNA SUKSES ENGINEERING

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ABSTRACT RELATIONSHIP ANALYSIS OF SOURCES AND USE OF WORKING CAPITAL WITH FINAI\{CIAL PERFORMANCE AT PT. TRIGUNA SUKSES ENGINEERING NOVA A}IGELINA SEMBIRING The purpose of this study is to determine the relationship of sources and use of working capital to the financial perfomrance at PT. Triguna Sukses Engineering. Issues discussed in this study are how the sources and uses of working capital and financial performance at PT. Trigwa Sukses Engineering and their relationship. The research method used by writer is descriptive method. Analysis of data use several financial ratios include liquidity ratio, activity ratio, profitability ratio and leverage ratio, and statistical tools, namely the correlation coefficient analysis and hypothesis testing. Data is taken from the balance sheet and income statement from 2007 untill 2011. ln 2007 through 2008 the company's working capital decreased by Rp 285,231,491 .03 . But from 2008 tbrough 201 I , capital expenditure shows an increase of Rp 994,177,255.20 from 2008 ro 2009, Rp 3,576,16,462.93, from 2009 to 2010, Rp 1,981,779,289.53 from 2010 to 20ll . Based on the research known that the reduction in working capital is due to massive investment in fixed assets as a sip.ificant asset for companies engaged in the services sector. Based on the correlation coefficien! there are some company's financial ratios are positive and negative. However, based on statistical tests through liquidity ratio namely f"rrr,. of quick ratio and cash ratio as 3.431 and 4.930, and -1.537 for the leverage ratio, is greater rllao, 2.920 and -2.920 for tro6lrwhich means that the first aod second hypothesis is accepted. This mean that there are significant relationship between sources and uses of working capital to the financial performance of companies thrcugh liquidity and leverage ratio. While t"o-r, of profitability ratio, namely ROA 2.494 is smaller ttnn ttahte. This means that the relationship between sources and uses of working capital to the financial perforrnance based on profitability ratio is not significant. t"orr, of activity ratio namely recevaible tumover and working capital turnover as 4.318 and -1.784 are greater than 4qb.e -2.920, which means there is a significant relationship. But the two are related negatively. Then the hypothesis is not supported.