PENGARUH TINGKAT PERPUTARAN MODAL KERJA DAN STRUKTUR MODAL TERHADAP PROFITABILITAS

Abstract

The research is conducted in order to examine the influence of cash turnover (CT), inventory turnover
(IT), current ratio (CR) and debt ratio to equity ratio (DER) to profitability (ROI) on cosmetics and household
needs companies which are listed in the Indonesia Stock Exchange (IDX) in 2009-2015 periods. The independent
variablesare cash turnover, inventory turnover, current ratio and debt to equity ratio.The dependent variable in
this research is profitability. The samples are cosmetics and household needscompanieswhich are listed in
Indonesia Stock Exchange (IDX) in 2009-2015 periods. The sample collection method has been done by using
purposive sampling and 5 companies have been selected as sample. The analytical method has been done by using
multiple regression analysis. The result of the test shows that cash turnover has significant influence to the
profitability because cash turnover has significance level 0.000 or less than alpha 0.05. Meanwhile, inventory
turnover, current ratio, debt to equity ratio do not haveany significant influenceto the profitability because the
significance level of inventory turnover is 0.276,current ratio 0.729, debt ratio to equity 0.895 or larger
thanalpha 0.05.
Keywords: Return on investment, cash turnover, inventory turnover, current ratio, debt to equity ratio.