Analisis efisiensi penggunaan modal kerja pada usaha kecil menengah di Surabaya

Building SMEs in order to be able to survive in an increasingly complex competitive environment is not easy, Business actors who have prepared themselves to compete will exist, but many failed entrepreneurs. Based on the findings of previous research, that the failure of SMEs business is largely determined by the capability of working capital management. Working capital management is to regulate the use of working capital according to business needs. The need for working capital is determined by the level of cash conversion cycle so it is necessary to take into account the turnover of each component in working capital. This study compares the use of working capital with working capital needs that must be met by the business, the use of working capital can be excessive, or lack. The excess or lack of working capital affects the inefficiency of the company in running the business, which eventually will go bankrup