PENGARUH PERPUTARAN MODAL KERJA, PERPUTARAN PIUTANG DAN CURRENT RATIO TERHADAP PROFITABILITAS

Abstract

This research aims to examine the influence of working capital turnover, receivable turnover and current ratio on profitability at cement companies which listed in the Indonesia Stock Exchange for 5 years in 2012-2016. Measurement of profitability in this research using Return on Assets (ROA). This type of research is comparative causal. The sampling technique used is purposive sampling. The population in this research as many as 6 cement companies which listed in Indonesia Stock Exchange and research sample that successfully meet the criteria of research are 3 companies. The analysis technique used is multiple linear regression analysis with classical assumption test, F test and t test. The results showed that working capital turns had a positive and significant influence on profitability with regression coefficient of 0.005 and a significant level of 0.015. Receivable turnover has a positive and insignificant influence on profitability with a regression coefficient of 0.005 and a significant level of 0.313. Current ratio has positive and significant influence to profitability with regression coefficient equal to 0,024 and significant level equal to 0,001.
Keywords: working capital turnover, receivable turnover, current ratio and profitability.