PENGARUH MODAL KERJA TERHADAP PROFITABILITAS PADA PERUSAHAAN REAL ESTATE DAN PROPERTY YANG TERDAFTAR DI BURSA EFEK INDONESIA
The main purpose of this study was to determine the effect of working capital turnover, asset turnover, receivables turnover and the current ratio on profitability of companies listed in Indonesia Stock Exchange. Population in this study is a real estate and property company listed in Indonesia Stock Exchange period 2008-2012 and samples are choosen by purposive sampling technique based on certain criteria. Data analysis tools in this research are descriptive analysis and inferential analysis. The results of this study using the F Test showed that working capital turnover, asset turnover, receivables turnover and the current ratio simultaneously have significant effect on profitability. Results of this study using the t Test showed that working capital turnover has not significantly negative on profitability, asset turnover significantly positive on profitability, receivables turnover significantly positive on profitability and current ratio has not significantly negative effect on profitability.
Keywords : working capital turnover, asset turnover, receivable turnover, current ratio, and profitability.
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