Pengaruh Perputaran Modal Kerja dan Perputaran Piutang Terhadap Profitabilitas Pada PT. Gudang Garam Tbk.

Abstract

This research to determine the effect of working capital turnover (X1) and accounts receivable turnover (X2) on
profitability (Y) at PT Gudang Garam Tbk. The data used in this research is secondary data in the form of a
brief history of PT. Gudang Garam Tbk and financial reports to calculate working capital turnover and
accounts receivable turnover obtained from the official PT website. Gudang Garam Tbk. Meanwhile, to measure
the profitability ratio using profit margin on sales, Return on investment, Return on Equity and Profit per share.
The method used in this research is the Descriptive Statistics Method, with Multiple Linear Regression analysis
tools, Partial Significant Test (t Test) and Determination Coefficient Test (R2). Based on the data processing
analysis that has been tested, this research is declared valid, so it can be explained that the equation from the
results of the multiple linear regression test is Y= 7.717-0.004X1+0.001X2+e. Apart from that, the results of the t
test (partial) show that the significant value of the influence of working capital turnover (X1) on the profitability
ratio (Y) is 0.86 > 0.05 and the tvalue is -0.190 < ttable 2.253. Meanwhile, the receivable turnover with a
significant value is 0.78 > 0.05 and the t value is 0.30 < t table 2.353. Apart from that, the coefficient of
determination (R2) test is 0.024, meaning that the relationship between working capital turnover (X1) and
accounts receivable turnover (X2) on the return on investment profitability ratio (Y) is low, namely only 24%.