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DOI: 10.38035/DIJEFA Abstract: The purpose of this study was to analyze the effect of working capital turnover, cash turnover and receivable turnover on financial performance through mediating company liquidity as an intervening variable. The object of this research is the Construction Service Sector SOE Company for the period 2011 2018. The samples were determined using a saturated sampling technique, where a limited research was carried out on construction service SOEs that received restructuring and revitalization programs from the Government. The analysis used is panel data regression analysis which begins with descriptive analysis to describe the condition of the variables, then a correlation test is carried out to see how strong the relationship between the variables is followed by the classical assumption test, showing the estimation model in equations 1 and 2, namely the random effect model Equation 3 uses a common effect model. The results of data analysis show that working capital turnover with a value of 0.0005 <0.05 shows a significant effect on company liquidity, but cash turnover with a value of 0.1088> 0.05 and receivable turnover with a value of 0.3696> 0.05 indicates that it does not have significant effect on company liquidity, while working capital turnover with a value of 0.0116 <0.05 indicates a significant effect on the company's financial performance, but cash turnover with a value of 0.459> 0.05 and receivable turnover with a value of 0.504> 0.05 significant influence on the company's financial performance and liquidity with a value of 0.160> 0.05 indicates no significant effect on the company's financial performance.

DETERMINANTS OF LIQUIDITY AND THEIR EFFECT ON FINANCIAL PERFORMANCE OF CONSTRUCTION SERVICES SOE COMPANIES