Pengaruh Likuiditas, Solvabilitas dan Perputaran Modal Kerja Terhadap Profitabilitas pada PT. Indah Kiat Pulp and Paper yang Terdaftar di Bursa Efek Indonesia Periode Tahun 2009-2017

Abstract

This study aims to analyze profitability at PT. Indah Kiat Pulp and Paper. Factors tested in this study are liquidity, solvency, and working capital turnover. This type of research is associative causal. This study used a sampling method with a nine year time series method from 2009-2017. The data used in this study is external data obtained from the site www.idx.co.id. Data analysis method uses multiple linear regression analysis after passing the classic assumption test consisting of normality test, multi collinearity test, auto correlation test, and heteros cedasticity test. Based on the partial influence test with t test, liquidity has a positive and significant effect on profitability, that is: value of t count > t table value, that is: 2,721 > 2,570581835 and value significant 0,042 < 0,05 and positive influence (0.046). Solvability has a negative and not significant effect on profitability, that is: value of t count < t table value, that is: -1,121 < 2,570581835 , and value significant 0,313 > 0,05 and negative influence (-0.023). Working capital turnover has a positive but not significant effect on profitability, that is: value of t count < t table value, that is: 0,581 < 2,570581835 and value significant 0,586 > 0,05 and positive influence (0,004). Based on the results of the study with the results of the significance test simultaneous influence with the test F, liquidity, solvency, and working capital turnover, together or simultaneously have a significant effect (statistically) on profitability. The adjusted R2 value in this study is 0,774, which means that 77,4% of profitability has an effect on liquidity, solvency, and working capital turnover. While the remaining 22,6% is influenced by other variables.