PENGARUH PERPUTARAN PIUTANG, TATO, CASH TURNOVER DAN MODAL KERJA TERHADAP RENTABILITAS EKONOMI DENGAN PROFIT MARGIN SEBAGAI VARIABEL INTERVENING (Pada Perusahaan Manufaktur yang terdaftar Di Bursa Efek Indonesia Tahun 2012 – 2016)

Abstract

This study aims to test the company's financial statements how far the efficiency of the company to generate profits in a certain period. Where independent variables Receivable Turnover, TATO, Cash Turnover, and Working Capital. The dependent variable in this research is Economic Profitability and intervening variable Profit Margin. This study uses the object of manufacturing companies listed on the Bursa Efek Indonesia period 2012 - 2016. Determination of sample with Purposive Sampling so that obtained 15 companies to be sampled.
The data analysis method used is Descriptive Test, Classic Assumption Test, Normality Test, Multicolinearity Test, Automation Test, and hypothesis test (Multiple Regression Analysis, Statistic Test t, Determination Coefficiency Test, Signal Test of F ANOVA Model and Test Path Anaylisis). The results of the research can be the turnover of receivables and TATO no significant effect on net profit, cash turnover and working capital turns negatively significant effect on net profit. And turnover receivables have a negative effect on economic profitability, TATO and cash turnover have a positive effect on economic profitability, Working capital turnover does not affect economic profitability and net profit has a positive and significant impact on economic profitability,
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Keywords: Receivable Turnover, TATO, Cash Turnover, Working Capital
Turnover, profit margin and Economic Profitability.