Working capital is important to carries out the daily operations of a company, the presence of sufficient working capital enables a company to not having a problem and difficulty in carrying out the activities. This research conducted at PT. Semen Indonesia (Persero), Tbk which is one of biggest cement plant in Indonesia. The purpose of this research was to know the working capital's management policy at PT. Semen Indonesia (Persero), Tbk and to determine whether the working capital to improve the liquidity and profitability. Method used in this research is a descriptive research with quantitative approach. The focus of this research are working capital's management included analysis of the sources and uses of working capital and the effectiveness of working capital's management, analysis of liquidity and profitability ratio. Data analysis during 2011-2013 shown that working capital's management at 2012 ineffective and at 2013 is effective. Analysis the ratio of liquidity shows that in 2012 liquidity company decrease and in 2013 increased. Analysis the ratio profitability shows that in 2012 profitability company hat increase and decreased in 2013
