Pengaruh Perputaran Modal Kerja terhadap Peningkatkan Profitabilitas pada Perusahaan Textile yang Terdaftar di BEI 2010-2012

Abstract

This study aimed to examine the effect of working capital turnover is seen by the turnover rate of cash, accounts receivable turnover and inventory turnover simultaneously and partially on the profitability of the company textile listed on the Indonesia Stock Exchange in 2010-2012. The samples in this study used purposive sampling method and obtained a sample of 45 financial reports. The analytical method is used multiple linear regression analysis. F-test results showed all the independent variables affect the profitability of the company with a significance value of 0.039 below the value of α = 0.05. While the partial test results with ttest showed that accounts receivable turnover is the only variable that significantly influence profitability with a significance value of 0.012 below the value of α = 0.05. While the variable of cash turnover and inventory turnover has no significant effect on the profitability of each significant value 0.564 and 0.188 on the value of α = 0.05. The results of the calculation of the coefficient of determination ( R2 ) of 12.3 % which shows the profitability is affected by cash turnover, receivables turnover and inventory turnover of 12.3%, while 87.7% is influenced by other variables not examined.