PERPUTARAN MODAL KERJA SERTA PENGARUHNYA TERHADAP PROFITABILITAS PADA PT. HANDAL YESINDO SEJAHTERA

Abstract

This researchis aimed to test the cash turnover, accounts receivable turnover and inventory turnover
and its influences to the profitability of PT. Handal Yesindo Sejahtera in Surabaya.The data has
beenobtained from 2010-2016 financial statements. The quantitative methods has been applied in this
research whereas the analysis technique has been done by using multiple linear regressionsanalysis,
and hypothesis testhas been carried out by using partial t test with its significance value is 5%.
Testing data has been done by using computer program called SPSS 23. The result of the t test shows
that cash turnover and accounts receivable turnover is partially give significant influenceto the ROA.
This research supports Riyanto’s theory (2001:95) and Fahmi (2013:155) which stated that when cash
turnover and account receivable turnover is high, it will be better. Furthermore, inventory turnover
does not give significant influenceto the ROA. The results of this research are not in accordance with
the Munawir’s theory (2007: 121) that statedwhen inventory turnover rate is high it would minimize
the risk of the loss.
Keywords: ROA, cash turnover, accounts receivable turnover, inventory turnover.