PENGARUH PERPUTARAN MODAL KERJA, PERPUTARAN PIUTANG, PERPUTARAN PERSEDIAAN TERHADAP PROFITABILITAS PERUSAHAAN MANUFAKTUR

Abstract

This research is meant to examine the influence of working capital turnover, account receivable turnover, and inventory turnover to the profitability on the manufacturing companies which are listed in Indonesia Stock Exchange. The data which are used in this research are 3 manufacturing companies in the Indonesia Stock Exchange from 2009 to 2013.The multiple linear regressions analysis, t test, and F test are used as the analysis technique. Moreover, classic assumption test which includes of multicolinearity test, heteroscedasticity test, and normality test is used in this research.The result of the analysis shows that t-test has obtained working capital turnover does not have significant influence to the profitability (0.260); account receivable turnover has significant influence to the profitability (0.010); inventory turnover has significant influence to the profitability (0.007). In 2009-2013 periods the level of significance of the manufacturing companies in Indonesia Stock Exchange is smaller than 5% or (0.05), so there is significant.It is recommended that manufacturing companies in Indonesia Stock Exchange should notice the elements of working capital in the current assets which is the net working capital, account receivable and inventory in order to increase the profitability.
Keywords: Working Capital Turnover, Account Receivable Turnover, Inventory Turnover, and Profitability.