PENGARUH PERPUTARAN MODAL KERJA, CURRENT RATIO, DAN PERPUTARAN PIUTANG TERHADAP PROFITABILITAS PADA PERUSAHAAN MAKANAN DAN MINUMAN

Abstract

This research aimed to examine the effect of capital turnover, current ratio, and receivable turnover on the profitability (ROA) of food and beverages which were listed on Indonesia Stock Exchange (IDX). While, the capital turnover was measured by sales of the work capital, current ratio was measured by fixed asset and current liabilities, and receivable turnover was measured by credit sales of receivable. Besides, return on asset was measeured by profit or asset. The research was quantitative. Moreover, the population was 18 food and beverages companies which were listed on Indonesia Stock Exchange (IDX) during 5 years observation (2013-2017). Futhermore, the data collection technique used purposive sampling, in which the sample was based on criteria given. In line with, there were 9 companies as sample. In addition, the data analysis technique used multiple linear regresion with SPSS 20. Based on proper test model ( F test), it concluded working capital turnover, current ratio, receivable turnover were appropriately used this research. Meanwhile, hypothesis test (t test) concluded working capital as well as receivable turnover had positive but insignificant effect on the profitability. On the other hand, current ratio had positive and significant effect on the profitability (ROA) of food.

Keywords : turnover, current ratio, receivable, profitability