Pengaruh Perputaran Modal Kerja, Perputaran Total Aktiva Dan Likuiditas Terhadap Profitabilitas Pada Sektor Farmasi Yang Terdaftar Di Bursa Efek Indonesia Periode 2016-2020

Abstract

Abstract

This study entitled "The Effect of Working Capital Turnover, Total Asset Turnover and Liquidity on Profitability in the Pharmaceutical Sector Listed on the Indonesia Stock Exchange for the 2016-2020 Period".

The purpose of this study is to identify whether or not there is an effect of Working Capital Turnover, Total Asset Turnover and Liquidity Turnover on Profitability in the Pharmaceutical Sector Listed on the Stock Exchange.

Indonesia for the 2016-2020 period. The independent variables in this study are working capital turnover, total asset turnover and liquidity. While the dependent variable is profitability.

This study uses a quantitative approach with associative type and secondary data as a source of data obtained from the 2016-2020 Indonesia Stock Exchange annual financial statements. The method of analysis in this study is the normality test, the classical assumption test which consists of the multicollinearity test, the heteroscedasticity test, the t test, the coefficient of determination test and the multiple linear regression analysis test.

The results of this study indicate that (1) working capital turnover has a negative and significant effect on profitability, (2) total asset turnover has a negative and insignificant effect on profitability, (3) liquidity has a positive and significant effect on profitability.

 Keywords : Working Capital Turnover, Total Asset Turnover, Liquidit, and Profitability