PENGARUH WORKING CAPITAL TURNOVER TOTAL ASET TURNOVER RECEIVEBLE TURNOVER DAN LEVERAGE TERHADAP PROFITABILITAS

Abstract

The purpose of this study is to assess the impact of working capital turnover, total

assets turnover, receivable turnover, and leverage on the profitability of companieslisted on

the Indonesian stock exchange. The variables included in this study include workingcapital

turnover, total asset turnover, accounts receivable turnover, and leverage, with the aim of

assessing their impact on profitability. This study uses a casual associative research design

with quantitative methodology. This research is focused on a population of 95

manufacturing companies in the food and beverage sub-sector listed on the Indonesia Stock

Exchange during the period 2021 to 2023. The sampling method used in this study is

nonprobability sampling, specifically using a purposive sampling strategy. The methodology

used in this study uses secondary data as the main source of information. The data required

for this study consist of financial statements of manufacturing companies engaged in the

food and beverage sub-sector, which are publicly listed on the Indonesia stock exchange

between 2021 and 2023. Thisstudy uses multiple linear regression method for data analysis,

using Statistical Product and Service Solutions(SPSS V.19)software. The findings of thisstudy

show that the rate at which working capital is converted into revenue has no impact on

profitability. However, the rate at which total assets are converted into revenue has a

positive influence on profitability. Similarly, the rate at which receivables are converted into

revenue does not affect profitability, and the level of leverage used also does not affect

profitability.