PENGARUH PERPUTARAN MODAL KERJA, LIKUIDITAS, DAN SOLVABILITAS TERHADAP PROFITABILITAS DENGAN UKURAN PERUSAHAAN SEBAGAI VARIABEL MODERASI

Abstract

This research aimed to find out the effect of work capital flow, liquidity, and solvability on profitability,
with firm size as moderating variable, of transportation companies in Indonesia Stock Exchange.The
research was quantitative. While, the population was transportation companies which were listed on
Indonesia Stock Exchange 2016-2020. Moreover, the data collection technique used purposive
sampling with 10 companies as samples. Furthermore, the data were secondary in form of
companies’ financial statements. Additionally, the data analysis technique used multiple linear and
Moderated Regression Analysis (MRA).The research result concluded that work capital flow had a
positive but insignificant effect on profitability. On the other hand, liquidity had a positive and
significant effect on profitability. In contrast, solvability had a negative and significant effect on
profitability. Meanwhile, firm size could not moderate the effect of work capital flow on profitability. In
addition, firm size moderated the effect of liquidity on profitability. Likewise, firm size moderated the
effect of solvability on profitability of transportation companies which were listed on Indonesia Stock
Exchange (IDX) during 2016-2020.