Efisiensi Modal Kerja, Likuiditas dan Leverage terhadap Profitabilitas pada Perusahaan Manufaktur di BEI
Abstract
This study aimed to assess simultaneously or partially the influence of WCT, CR and DTA toward ROI of manufacturing companies in Indonesia Stock Exchange. Sampling was carried out using non-probabilistic sampling and obtained 62 of 149 manufacturing companies which are listed in Indonesia Stock Exchange in 2008-2009. The results of regression analysis show that WCT, CR, DTA simultaneously have a significant effect 21,9% toward profitability, while the rest of 78,1% is influenced by other factors. Meanwhile, the efficiency of working capital variable influence significantly toward the overall profitability. It means that all variables include the size of the company’s profitability is affected by the efficiency of working capital, but liquidity and leverage. The size of the profitability relatively is influenced by the efficiency of working capital, liquidity and leverage
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