Fakultas Ekonomi - Akuntansi, JIMA Vol. 1 No. 1, Januari 2014 (Views: 1369)

PENGARUH DEBT TO EQUITY RATIO DAN PERPUTARAN PIUTANG TERHADAP PROFITABILITAS PADA PERUSAHAAN FARMASI DI BURSA EFEK INDONESIA PERIODE 2009 - 2010

Ariadi Pratikto

ABSTRAK

ABSTRACT The purpose of this study was to determine the effect of Accounts Receivable Turnover Ratio and Debt to Profitability in Manufacturing Companies listed on the Indonesia Stock Exchange in 2009-2010. Variables used in this study is the independent variable, in Accounts Receivable Turnover Ratio and Debt as well as the dependent variable, which is profitability. In conducting this research, themethods used to test the hypothesis is multiple linear regression. From the results of t test (partial testing) shows that there are positive and significant influence between the debt ratio on profitability in manufacturing company on the Stock Exchange in 2009 until 2010 as indicated by the value of thitung for 3.959 > from ttabel amounting to 2.073 and if seen from the probability value thitung for 0.000 < than 0.05. While the results of t test (partial testing) on a variable receivables turnover indicates that there are positive and significant influence between the turnover of the company's profitability on the manufacturing on the Stock Exchange in 2009 until 2010as indicated by the value of thitung for 3.113 > from ttabel amounting to 2.703 and when seen from the probability value thitung for 0.003 < than 0.05. The results in this study suggests that there is significant influence between debt ratio and turnover together toward profitability, and research results with the ttest showed that the debt ratio and turnover have a significant effect on profitability as well as the beta coefficient based on the results that the debt ratio more influenceon profitability compared with the turnover, as indicated by the value of the standardized beta coefficient of 0.462.

Kata kunci: Debt Ratio, Receivables Turnover, And Profitability

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