PENGARUH LEVERAGE, LIKUIDITAS, DAN PERPUTARAN MODAL KERJA TERHADAP PROFITABILITAS PADA PERUSAHAAN OTOMOTIF DI BEI

Abstract

This research aims to examine the influence of firm characteristics in proxied with debt to equity ratio, current ratio, and working capital turnover to return on assets through financial statements that have been prepared by automotive companies which listed in the Indonesia Stock Exchange. Population in this research is obtained by using purposive sampling method at automotive company which listed in Indonesia Stock Exchange (BEI) during 2011-2016 period and based on predetermined criteria obtained 8 samples of automotive company. Dependent variable in this research is return on assets, while independent variable in this research is debt to equity ratio, current ratio, and working capital turnover. Methods of data analysis used multiple linear regression analysis with using SPSS application tools (Statistical Product and Service Solutions). The feasibility test results of the model show that the model is feasible to use. The results showed that debt to equity ratio significantly negatively influenced the return on assets, current ratio has positive and insignificant influenced to return on assets, and working capital turnover have negative and insignificant influenced to return on assets.
Keywords: Debt to equity ratio , current ratio, , working capital turnover and return on assets.