PENGARUH PERPUTARAN MODAL KERJA, PERPUTARAN TOTAL ASET, DAN UKURAN PERUSAHAAN TERHADAP PROFITABILITAS PERUSAHAAN PROPERTY DAN REAL ESTATE

Abstract

This research aimed to find out the effect of working capital turnover, total asset turnover, abd firm size on profitability of Property and Real Estate companies which were listed on Indonesia Stock Exchange 2016-2018. While, the independent variables were working capital turnover, total asset turnover, and firm size. Meanwhile, the dependent variable was profitability.The population was 53 companies with a sample of 27 companies. Moreover, the research was causal-comparative. Furthermore, the data collection technique used purposive sampling. In addition, the data analysis technique used multiple linier regression.Based on the result of data analysis, the research concluded working capital turnover had positive but insignificant effect on profitability. It meant, the lower the working capital turnover, the more profitability would reduce, even though it gave small effect. On the other hand, total asset turnover had positive and significant effect on profitability. In other words, the lower the total asset turnover the more profitability would reduce. Likewise, firm size had positive and significant effect on profitability. This meant, the greater the firm size, the more tendency to use external fund. As consequence, it would increase profitability.
Keywords: working capital turnover, total asset turnover, firm size, profitability.