PENGARUH PERPUTARAN MODAL KERJA, LIKUIDITAS DAN LEVERAGE TERHADAP PROFITABILITAS PADA PERUSAHAAN INDUSTRI PAKANTERNAK

Abstract

This research aims to determine and analyze the effect of working capital turnover proxied by cash turnover and receivable turnover, liquidity proxyed with current ratio and quick ratio, while the leverage proxied with debt to equity ratio through annual financial reports of animal feed industry companies which listed on the Stock Indonesia Exchange.The sampling technique using saturated sampling method at animal feed industry company which listed in Indonesia Stock Exchange (IDX) during of 2009 until 2016 period and based on predetermined criteria hence obtained sample of 4 companies of animal feed industry. The analysis method used is multiple linear regression analysis using SPSS 20 application tool.The results of this research indicates that the variables of cash turnover, receivable turnover and quick ratio have a positive signification on profitability, while current ratio and debt to equity ratio have a significant negative influence on profitability. The influence of cash turnover, receivable turnover, current ratio, quick ratio and debt to equity ratio on profitability has a determination value of 64.1% while the remaining 35.9% is influenced by other variables outside the regression model.
Keywords: working capital turnover, liquidity, leverage and profitability.