PENGARUH STRUKTUR MODAL, PERTUMBUHAN PENJUALAN, UKURAN PERUSAHAAN, LIKUIDITAS DAN PERPUTARAN MODAL KERJA TERHADAP PROFITABILITAS

Abstract

Profitability ratio is a ratio to assess the company's ability to seek profits and also provides a measure of the level of management effectiveness of a company. Companies can maximize their profits if the company's financial managers know what factors affect profitability. This study aims to test and obtain empirical evidence of the effect of the structure capital, sales growth, firm size, liquidity and working capital turn over on profitability in manufacturing companies listed on the Indonesia Stock Exchange 2017-2019.The population in this study are manufacturing companies listed on the Indonesia Stock Exchange 2017-2019. The sample in this study were 34 manufacturing companies which were determined based on the purposive sampling method. Data were analyzed using multiple linear regression analysis.The results showed that the variables of firm size, liquidity and working capital turn over had a positive effect on profitability, while the capital structure and sales growth had no effect on profitability. Further research can develop this research by using other variables which theoretically have an influence on profitability, such as leverage.