Analysis of the Effectiveness of Standard Operating Procedures (SOP) for Accounts Receivable Collection in Improving Liquidity at PT. Tatalogam Lestari for the Period 2021–2024

Abstract

This study aims to analyze the effectiveness of the Standard Operating Procedures (SOP) for accounts receivable collection in improving liquidity at PT Tatalogam Lestari during the period 2021–2024. The research method applied is non-statistical quantitative analysis using financial ratio calculations. The effectiveness of receivables collection is measured using Receivable Turnover (RTO) and Average Collection Period (ACP) formulas to determine the turnover rate and average collection time. Liquidity performance is analyzed through the Current Ratio, Quick Ratio, and Cash Ratio. The results indicate that RTO and ACP fluctuated throughout the research period. In 2023, effectiveness improved, marked by an increase in RTO and a decrease in ACP, which contributed to better liquidity ratios. However, in 2024 effectiveness declined, reflected in higher outstanding receivables and weaker liquidity ratios. The findings conclude that the effectiveness of receivables collection SOP significantly supports the company’s liquidity stability and requires continuous evaluation.