PENGARUH PERPUTARAN PERSEDIAAN, UKURAN PERUSAHAAN, DAN INFLASI TERHADAP PROFITABILITAS DAN NILAI PERUSAHAAN

Abstract

The research object was pharmacy companies which were listed on Indonesia Stock Exchange (IDX) 2009-2017. While, this research aimed to find out the effect of Inventory Turnover (ITO), Corporate Education (Size), and report of incorporated companies in Indonesia Stock Exchange (IDX). The research was quantitative. Moreover, the population was 9 pharmachy companies. Furthermore, the data collection technique used purposive sampling, in which the sample was based on criteria given. In line with, there were 6 pharmacy companies as sample. In addition, the data analysis technique used path analysis with SPSS 25. The research result concluded inventory turnover as well as inflation had negative effect on profitability. On the other had, firm size had positive effect on profitability. Furthermore, inventory turnover as well as inflation had negative effect on firm value. Meanwhile, both firm size and profitability had positive effect on firm value. On the other had, inflation had negative effect on firm value. In brief, the research result indicated profitability did not mediate inventory turnover and inflation against firm value. In contrary, profitability mediated the firm size against firm value.
Keywords: inventory turnover, firm size, inflation, profitability, firm value