PENGARUH LIKUIDITAS DAN PERPUTARAN MODAL KERJA TERHADAP PROFITABILITAS PADA PERUSAHAAN SEKTOR PROPERTI YANG TERDAFTAR DI BURSA EFEK INDONESIA (BEI) TAHUN 2015-2018

Abstract

This study aims to determine the effect of liquidity and working capital turnover on profitability in property sector companies listed on the Indonesia Stock Exchange (IDX) in 2015-2018. The independent variables used in this study are liquidity with Curent Ratio (CR) and working capital turnover with Working Capital Turnover (WCT). The dependent variable used in this study is profitability by using Return On Assets (ROA).

The population of this study is property sector companies listed on the Indonesia Stock Exchange in 2015-2018. The sampling technique used in this study was purposive sampling. The sample in this study amounted to 5 property companies. The analysis technique used in this study is linear regression with the help of the SPSS 25 program.

Based on the results of data analysis shows that partially liquidity affects profitability with the value (- t count <- t table) (-2,634 <-2,101) and the value of sig. 0.017> 0.05 with a large liquidity contribution of 13.2%. Likewise, working capital turnover affects profitability with the value (-tcount <- ttable) (-2,103 <-2,101) and the value of sig. 0.051> 0.05 where the influence of working capital turnover is 3.1%. Simultaneously liquidity and working capital turnover affect profitability with a value of Fcount> Ftable (3.847> Ftable 3.55) and sig value (0.042 <0.05).