PENGARUH STRUKTUR MODAL, PERPUTARAN KAS, DAN PERPUTARAN PERSEDIAAN TERHADAP PROFITABILITAS PADA PERUSAHAAN FOOD AND BEVERAGE DI BEI

Abstract

The research aimed to examine the effect of capital structure (DER), cash flows and inventory turnover on probability (ROA) in Food and Baverege companies which were listed on Indonesia Stock Exchange (IDX). While, Debt Equity Ratio was measured by Ttal Debt with own capital, cash turnover was measured by sales of average cash and inventory turnover was measured by sales of inventories. Meanwhile, Return On Asset was measured by profit after tax on asset. The research was quantitative. Moreover, the population was 24 Food and Baverages companies which were listed on Indonesian Stock Exchanged (IDX) in 5 years, 2014-2018. Furthermore, the data collection technique used purposive sampling, in which the sample was based on criteria given. In line with, there were 11 samples. In addition, the data analysis technique used multiple linier regression with SPSS 20. Based proper model test, F test, it concluded capital structure, cash turnover and inventory turnover were properly used in research. Additionally, from hypothesis test, t test, it concluded capital structure had negative and significant effect on probability. In contrast, cash turnover had negative and insignificant effect on probability. On the other hand, inventory turnover had positive but insignificant effect on probability (ROA) of Food and Bavereges companies which were listed on Indonesia Stock Exchange (IDX).
Keywords: Debt to Equity Ratio, Cash Turnover, Inventory Turnover, Return On Asset.