PENGARUH PERPUTARAN MODAL KERJA, CURRENT RATIO, DAN LEVERAGE OPERASI TERHADAP PROFITABILITAS

Abstract

This study is aimed to find out and to analyze the working capital turnover, current ratio and operating leverage
o the profitability of companies on food and beverages companies which are listed in Indonesia Stock Exchange.
The samples are 11 food and beverages companies which are listed in Indonesia Stock Exchange. The data
collection technique is the secondary data, the source of the secondary data which has been collected in this
research is the financial statements of food and beverages companies which are listed in Indonesia Stock
Exchange and the Indonesia Stock Exchange official website. The data has been analyzed by using multiple
linear regression analysis. The result of the research shows that the results of the analysis and the hypothesis test
which has been generated that the independent variables; (1) working capital turnover does not have any
significant influence to the return on assets on food and beverages companies in 2012-2015 periods; (2) current
ratio has significant influence to the return on assets on food and beverages companies in 2012-2015 periods; (3)
operating leverage has significant influence to the return on assets on food and beverages companies in 20122015
periods.
The
results
of
the
partial
determination
coefficient
can
be
concluded
that
operating
leverage

is the
variable which has dominant influence to the return on asset because its value is the highest.

Keywords: Working capital turnover, current ratio, operating leverage, profitability.