PENGARUH PERPUTARAN MODAL KERJA, LEVERAGE OPERASI TERHADAP PROFITABILITAS PERUSAHAAN FOOD AND BEVERAGES

Abstract

The purpose of this research is to find out the influence of working capital turnover and leverage
operating to the profitability on the 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 statement of food and beverages companies which are
listed in Indonesia Stock Exchange and Indonesia Stock Exchange Website. The data analysis
technique has been done by using multiple linear regressions analysis. Based on the result of the
analysis and the hypothesis test has generated: (1) in the t-test, the working capital turnover the t
value is -4.937 with its sig of work capital turnover variable is 0.000 which is smaller than the
significance level of  = 0,05, it means that the working capital turnover has significant influence to
the profitability: (2) in the t-test, the operating leverage the t value is -0.400 with its sig of leverage
operating variable is 0.696 which is larger than the significance level of  = 0,05, it means that the
leverage operating does not have any significant influence to the profitability: (3) working capital
turnover has dominant influence to the profitability since its partial determination coefficient value is
the highest which is 65.29%.
Keywords: Working Capital Turnover, Leverage Operating, and Profitability.