ENGARUH PERPUTARAN MODAL KERJA DAN NET PROFIT MARGIN (NPM) TERHADAP NILAI PERUSAHAAN DENGAN PROFITABILITAS SEBAGAI VARIABEL MODERATING PADA PERUSAHAAN FARMASI YANG TERDAFTAR DI BURSA EFEK INDONESIA PERIODE 2012-2016

Abstract

Gaing profits is the main goal of company. Not only thingking about profitsbut
companies also have to think about good working capital turnover so that the company can
operate more efficiently and protect the company form the workingcapitalkrisis.
This reseach aims to determine the effect of working capital turnover and net profit
margin on corporate value. Added one moderating variable that is profitability.
The population in this reseach are all pharmaceutical companies listed on BEI a
number of 10 companies. The number of samples using purposive sampling method with a
sample of 7 companies.From 7 samples multiplied by 5 years to total sample 35.Analytical
technique using Moderated Regression Analysis.
The result shows the turnover of working capital and net profit margin have a
significant negative effect to firm value. Profitability acts as moderating, strengthening /
weakening the relationship between the dependent variable with the independent variable.
ngaruhijf and our independent number is the number of mandatory increase kaj expenses, and
the addition of wages.
The company must further improve its performance in managing its bisness to make a
profit. Influence our independent amount.
Keywords: working capital turnover, net profit margin, corporate value, profitability