PENGARUH STRUKTUR MODAL, MODAL KERJA, DAN LIKUIDITAS TERHADAP PROFITABILITAS PADA PERUSAHAAN MAKANAN DAN MINUMAN DI BEI

  • Syahrul Dwi Siswantoro
  • Sri Utiyati

Abstract

This research aimed to examine the effect of capital structure, work capital, and liquidity on
profitability through annual financial statements which were published by Food and Beverages
companies during 2016-2020. The population was 35 Food and Beverages companies which were
listed on Indonesia Stock Exchange (IDX) during 2016- 2020. The data collection technique used
purposive sampling. In line with that, there were 12 companies as the sample. Moreover, the data
analysis technique used multiple linear regression. While capital structure was measured by Debt to
Equity Ratio (DER), work capital was measured by Working Capital Turnover, and liquidity was
measured by Current Ratio (CR). Meanwhile, profitability was measured by Return On Equity (ROE).
Furthermore, the research was quantitative. According to the research result, it concluded that capital
structure had an insignificant effect on profitability. Likewise, work capital had an insignificant effect on
profitability. On the other hand, liquidity had a significant effect on profitability of Food and Beverages
companies which were listed on Indonesia Stock Exchange (IDX) during 20160-2020.

Published
2022-05-18