Manajemen Modal Kerja dan Profitabilitas Pada Perusahaan Manufaktur dan Konstruksi yang Terdaftar di Bursa Efek Indonesia (BEI)

Abstract

liabilities. The purpose of working capital management is to manage current assets and current liabilities in order to obtain a decent working capital and ensure the level of corporate liquidity. This study purpose to examine the effect of working capital management proxy with cash turnover, fixed asset turnover, cash conversion cycle to profitability. The data used are secondary data in the form of financial statements of manufacturing and construction companies listed in Indonesia Stock Exchange (IDX) period 2011-2015. Sampling method using purposive sampling technique. The analysis tool used is simple linear regression analysis and partial test (t statistic test). The results of the study found that cash turnover had a significant positive effect on the profitability of the company. The fixed assets turnover has a positive and insignificant effect on the profitability of the company. The cash conversion cycle has a positive and insignificant effect on the profitability of the company. Subsequent research is expected to add proxies as well as other independent variables that are suspected to have an effect on the profitability of the company and expand the corporate sector so that the results of the research not only have implications for the manufacturing and construction sectors but also have implications for other companies in different sectors and take into account the size of the company and see Its influence on the results of further research.