PENGARUH PERPUTARAN KAS, LEVERAGE, DAN LIKUIDITAS TERHADAP PROFITABILITAS PADA PERUSAHAAN MANUFAKTUR

Abstract

This researchis aimed to examine the influence of cash turnover, leverage, and liquidity to the profitability of
manufacturing companies which arelisted in Indonesia Stock Exchange in 2013-2015 periods. The samples have
been selected by using purposive sampling method and 45 observations of 15 manufacturing companieswhich
have issued their report have been obtained through the official website of Indonesia Stock Exchange. Data
collection method has been done byusingthe secondary data. Data analysis usesmultiple regression and the SPSS
(Statistical Package for Social Sciences) 23
version, and the independent variables i.e.: cash turnover (sales:
average cash), leverage (debt ratio) and liquidity (quick ratio), the dependent variable is profitability (return on
assets). Based on the result of the research,shows that the two variables give significant and positive
influenceandone variable gives significant and negative influenceto the profitability. The variables which give
positive and significant influenceto the profitability is cash turnover and liquidity. Meanwhile, the variables
whichgive significant and negative influenceto the profitability is leverage.Cash turnover is the variable
whichgive the most significant influenceto the profitability with its t counts is 4.173 and its significant value is
0,000.

Keywords: cash turnover, leverage, liquidity and profitability.