Effect of Accounts Receivable Turnover and Inventory Turnover Against Profitability At PT. Kimia Farma (Persero) Tbk. Period 2011 – 2020
Abstract
The purpose of this study was to determine the effect of receivables turnover (RTO) and inventory turnover (ITR) on profitability (ROA). The method used in this study quantitatively from the conclusions of PT. Kimia Farma (Persero) Tbk. During the period 2011-2020, the survey used descriptive analysis, classical hypothesis testing, predictive multiple regression, predictive hypothesis testing, and coefficient of determination. The results of the study are as follows that accounts receivable turnover (RTO) has no partial and insignificant effect with tcount 1.166 < ttable 2.44691 and significant 0.288 > 0.05 on profitability (ROA) and Inventory Turnover (ITR) partially there is a positive relationship and has no effect and is not significant where t count 0.149 < t table 2.44691 with a significant value of 0.887 > 0.05 on profitability (ROA). Simultaneously Accounts Receivable Turnover and Inventory Turnover have no effect where Fcount 1.563 > Ftable 5.14 with a significant 0.284 > 0.05. From the results of the Determination Test, it is shown by an R-Square value of 0.343 which means the dependent variable is explained by the independent variable of 34.3% which means 34.3% of Profitability is explained by Accounts Receivable Turnover and Inventory Turnover, while 65.7% is explained by other variables that not researched.
Keywords: Accounts Receivable Turnover, Inventory Turnover and Profitability
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