ANALISIS PENGARUH PERPUTARAN MODAL KERJA, STRUKTUR MODAL, UMUR PERUSAHAAN DAN UKURAN PERUSAHAAN TERHADAP PROFITABILITAS PADA PERUSAHAAN YANG TERGABUNG DALAM LQ-45 DI BURSA EFEK INDONESIA TAHUN 2010-2012

Abstract

Financial aspects of the company's success is a benchmark in performance and one of the aspects that affect the survival of the company. Companies that have a healthy financial performance will be known of how the company's ability to earn a profit through profitability ratios. This study aimed to analyze the effect of : (1) working capital turnover, (2) capital structure, (3) the age of the company, and (4) the size of the company to profitability in companies incorporated in the LQ-45 in Indonesia Stock Exchange in 2010-2012. Profitability is the ability of the company makes a profit in relation to sales, total assets and own capital. Working capital is defined as capital used to finance the company's day-to-day operations, especially those that have a short duration. The capital structure is permanent financing company that consists of long-term debt, common stock and preferred stock. Age company shows how long the company is up and running. Firm size shows the size of the enterprise, where there are three alternative proxies that can be used to determine the size of the company, namely through the size of the asset, net sales, and market capitalization. Data collection method used in this research is literature study and documentation. Data used in this research is secondary data. Secondary data in question are the financial statements published by the company on the Indonesian Stock Exchange (IDX). The analysis method used in this study is multiple regression. This study uses data company incorporated in the LQ-45 in Indonesia Stock Exchange Year 2010 to 2012 and samples were taken by using purposive sampling. The number of samples taken in this study as many as 24 companies. The results showed that the variables that have a negative and significant impact on profitability is the capital structure and the size of the company. While the firm age variable positive and significant impact on profitability. And working capital turnover variable has no significant effect on profitability.