The study looked at how managing cash, collecting payments, and handling inventory affects the profits of manufacturing companies in Indonesia. They analyzed data from 23 consumer goods companies listed on the Indonesia Stock Exchange from 2011 to 2015. The results showed that better cash turnover is linked to higher profits, but longer collection periods for payments can lower profits. Inventory turnover didn't have a significant impact on profits. Overall, these financial factors explained 13.5% of the differences in profitability among the companies studied.