JURNAL BISNIS DAN AKUNTANSI
FAKTOR-FAKTOR YANG MEMPENGARUHI PROFITABILITAS PADA PERUSAHAAN MANUFAKTUR YANG TERDAFTAR DI BURSA EFEK INDONESIA
The objective of this research is to investigate and explain the impact of short term debt, long term debt, firm size, sales growth, cash conversion cycle, total asset turnover, and debt to equity on profitability (ROE). Population in this research is all manufacturing companies listed in Indonesia Stock Exchange during 2009-2012. Samples are obtained through purposives sampling method, in which only 78 of the manufacturing companies listed in Indonesia Stock Exchange meet the sampling criteria and are used as the samples. Multiple regression analysis and hypothesis testing are used as the data analysis method in this research. Based on hypothesis testing,it shows that a negative relationship between i) short term debt and profitability and ii) long term debt and profitability; a positive relationship between firm size, sales growth, total asset turnover, debt to equity on profitability (ROE). On the other side, it shows that cash conversion cycle do not affect profitability (ROE).Keyword :Profitabilty (ROE), Short term debt, Long term debt, Firm Size, Sales Growth, Cash Conversion Cycle, Total Asset turnover, Debt to Equity.