Open AccessEffect of Liquidity, Leverage, and Working Capital Turn on Profitability
Author(s) -
Imam Hidayat,
Filla Oktapia Sulistia Dewi
Publication year - 2022
Publication title -
aptisi transactions on management
Language(s) - English
Resource type - Journals
eISSN - 2622-6812
pISSN - 2622-6804
DOI - 10.33050/atm.v7i1.1832
Subject(s) - market liquidity , profitability index , stock exchange , leverage (statistics) , statistic , working capital , econometrics , nonprobability sampling , business , economics , statistics , finance , mathematics , population , demography , sociology
The purpose of this research is to analyze the effect of liquidity, leverage, and working capital turnover on profitability in coal mining companies listed on the Indonesia Stock Exchange from 2017 to 2020. The data used in this study is quantitative. The data used is secondary data. The Sampling technique used is purposive sampling, and there were 12 firms with research for four years; this obtained 48 observations. The data analysis method used in this study is Panel data regression analysis using reviews 9. The F test result is an F-statistic of 143.6753 > F Table (2.82) and a Prob (F-statistic) value of 0. 0.05 means that liquidity has no significant effect on profitability. The results of the t-test leverage t statistic (20.47374) > t table (2.01537) and the value of Prob. 0.0000 > 0.05 means that leverage has a significant effect on profitability. The results of the t-test of working capital turnover t statistic (0.986827) 0.05 means that working capital turnover has no significant effect on the profitability of coal mining sub-sector companies listed on the Indonesia Stock Exchange.