PENGARUH PERPUTARAN KAS, PERPUTARAN PIUTANG DAN PERPUTARAN PERSEDIAAN TERHADAP PROFITABILITAS PERUSAHAAN FARMASI YANG TERDAFTAR DI BURSA EFEK INDONESIA PERIODE 2014–2018

Abstract

This study aims to determine the effect of cash turnover, accounts receivable turnover and inventory turnover on the level of company profitability in the pharmaceutical sector. The sampling method used was purposive sampling technique, the samples obtained were 9 pharmaceutical companies listed on the Indonesia Stock Exchange in 2014-2018. The data analysis method used is multiple regression analysis. The results of this study simultaneously prove that the variables of cash turnover, accounts receivable turnover and inventory turnover have a significant effect on profitability. Partially, the cash turnover variable has no significant effect on profitability. However, the variables of accounts receivable turnover and inventory turnover have a significant positive effect on profitability.

Keywords: Cash Turnover, Accounts Receivable Turnover, Inventory Turnover, Profitability.