PENGARUH LIKUIDITAS, LEVERAGE, DAN AKTIVITAS TERHADAP PROFITABILITAS PADA PERUSAHAAN FARMASI

Abstract

This research is aimed to examine and determine the influence of liquidity, leverage, and activity on profitability of the pharmacy companies that listed on Indonesia Stock Exchange. While, the independent variable namely liquidity, was measured by the current ratio, leverage was measured by the debt to asset ratio, and activity was measured by total asset turnover. Moreover, the dependent variable, i.e. profitability was measured by return on assets. Population amount is 10 pharmaceutical companies listed on Indonesia Stock Exchange in 2013-2017 periods, there were 6 companies fulfilled the determined criteria. Moreover, the sampling collection technique used purposive sampling. Furthermore, the data analysis technique use multiple linear regressions analysis, classic assumption test, model feasibility test, and hypothesis test. While, the proper test model concluded liquidity, leverage, and activity had significant effect on profitability. Moreover, hypothesis test results showed liquidity and activity had significant effect on profitability. On the other hand, leverage did not have significant effect on profitability.

Keywords: liquidity, leverage, activity, profitability.