Pengaruh Working Capital Turnover Terhadap Profitabilitas (ROA) Perusahaan Property dan Real Estate

Oleh Elisa Jayanti Lestari

Abstract

This study aims to determine the effect of Working Capital Turnover, Cash Turnover, Inventory Turnover, and Current ratio on the Profitability (ROA) of Property and Real Estate Companies listed on the IDX in 2016-2018. The population of this study were all property and real estate companies listed on the IDX in 2016-2018, totaling 47 companies. The sampling technique used was purposive sampling with several criteria in order to obtain 20 companies that were used as samples. The analytical tool used is multiple linear regression panel data with a significance level of 0.05 with Eviews software and hypothesis testing using the t test. The results showed that the variable Working Capital Turnover and Cash Turnover variable had a positive and insignificant partially significant effect on profitability, Inventory Turnover had a negative and significant effect on profitability and Current ratio had a negative and insignificant effect on profitability. The R Square value is 0.7591 or 75.9%, which means that the Working Capital Turnover, Cash Turnover, Inventory Turnover, and Current ratio variables are only able to explain the dependent variable, namely profitability (ROA) of 75.9% and the remaining 24.1% is explained by other variables not examined in this study.

Key Words: Working Capital Turnover, Cash Turnover, Inventory Turnover, Current Ratio, Profitability(ROA), Multiple linear Regression