The Role Of Profitability: Measured From Working Capital Efficiency Liquidity And Solvability

Ade Gunawan

Abstract


This research aims to determine the influence of Working Capital Turnover (WCT), Current Ratio and Debt to Asset Ratio partially or simultaneously on Return on Assets in Mining and Natural Gas Mining Companies listed on the Indonesia Stock Exchange for the 2012-2016 period. This research was conducted in the Oil and Gas Mining Sub-Sector Manufacturing listed on the Indonesian Stock Exchange for the 2012-2016 period with a population of 7 companies. The sample taken in this research is the whole, with the provisions of the sample characteristics of companies that have complete financial statements and are published on the IDX in the 2012-2016 period. In this research, the data analysis methods used are classical assumption testing, multiple linear regression, hypothesis testing and coefficient of determination. The results of this research show that partially Working Capital Turnover (WCT) has a significant effect on Return On Assets, Current Ratio has no significant effect on Return On Assets and Debt to Asset Ratio has a negative but not significant effect on Return On Assets. Simultaneously Working Capital Turnover (WCT), Current Ratio and Debt to Asset Ratio have a significant effect on Return On Assets.


Keywords


Capital Efficiency Liquidity And Solvability, Profitability

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DOI: https://doi.org/10.30596/miceb.v2i0.856

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