PENGARUH PERPUTARAN MODAL KERJA, LEVERAGE, DAN PERPUTARAN PIUTANG TERHADAP PROFITABILITAS

Abstract

This research aimed to find out the effect of capital turnover, leverage and receivable turnover on the profitability of Food and Beverages Companies in Indonesia Stock Exchange. While, profitability was measured by Return on Assets (ROA). Moreover, there were eleven Food and Beverages Companies which listed on Indonesia Stocl Exchange as sample. Furthermore, the research was companies financial statement of Food and Beverages company which were listed on Indonesia Stock Exchange 2013-2017. For the sampling collection technique, it used purposive sampling. In addition, the date analysis techniques used multiple linear regression analysis, classical assumption test, model feasibility test, determination coefficient analysis and t-test; with SPSS version 22. The reseach result concluded the capital turnover had significant effect with negative curve on the profitability. On the other hand, leverage had insignificant effect with negative curve on the profitability. Moreover, receivable turnover had insignificant effect with negative curve on the profitability at Food and Beverages Companies which were listed on Indonesia Stock Exchange 2013-2017.
Keyword: work capital turnover, leverage, receivable turnover, profitability.