Effectiviness of Working Capital Management in Improving Liquidity and Profitabiliy at Obor Mas Credit Unior Head Office in Maumere

The availability of working capital at the Obor Mas Credit Cooperative Head Office is an important factor in maintaining the smooth operation and liquidity of the cooperative. In addition, the availability of working capital is a determining factor in achieving profitability. This study aims to determine the effectiveness of working capital management at the Obor Mas Credit Cooperative Head Office from 2022 to 2024, measured using working capital turnover, liquidity, and profitability. The type of data used is quantitative data sourced from the balance sheet financial statements and calculation of the Obor Mas Credit Cooperative's remaining business results for 2022-2024. The data analysis technique used working capital turnover ratio analysis, liquidity ratio, and profitability ratio. The results of the study show that cash turnover is ineffective because cash utilization is not optimal (there is idle cash). Accounts receivable turnover is ineffective due to the existence of accounts receivable that are still in the hands of members. The cash ratio is unhealthy due to suboptimal cash management. The current ratio is very healthy because management is very good at managing current assets so that it can cover or meet all current liabilities on time. The return on assets (ROA) value trend tends to be stagnant and in the unhealthy category. This indicates that the cooperative's management's ability to manage its assets is not yet optimal, which has an impact on the acquisition of surplus income. The return on equity ratio trend has continued to decline. This indicates that the effectiveness of working capital management at the Obor Mas Credit Cooperative Head Office is still very low in generating surplus income.