Pengaruh Working Capital Turnover dan Debt To Asset Ratio Terhadap Return On Assets Pada PT Kalbe Farma Tbk Periode Tahun 2010 – 2019
Abstract
Penelitian ini bertujuan untuk mengetahui pengaruh working capital turnover dan debt to asset ratio terhadap return on asset. Variabel bebas dalam penelitian ini meliputi Working Capital Turnover (WCT) dan Debt to asset Ratio (DAR) dan variabel terikatnya yaitu Return on Assets. Hasil yang diperoleh dari pengujian asumsi klasik bahwa data berdistribusi normal, tidak ada masalah multikolinearitas, heteroskedastisitas dan terbebas dari autokorelasi. Secara parsial, WCT tidak berpengaruh terhadap ROA dan DAR berpengaruh negatif dan signifikan terhadap ROA. Secara simultan variabel WCT dan DAR berpengaruh dan signifikan terhadap Return On Assets. Nilai koefisien determinasi (R2) dan pada R square yang dihasilkan dari model regresi adalah sebesar 0,523, yang berarti bahwa sebesar 52% variabel Return On Assets (ROA) dapat dijelaskan oleh variabel WCT dan DAR Sedangkan sisanya 48% dijelaskan oleh variabel lain yang tidak dimasukan dalam penelitian ini.
Kata kunci : Working Capital Turnover (WCT), Debt to Asset Ratio (DAR) dan Return On Assets (ROA)
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