PENGARUH PERPUTARAN MODAL KERJA TERHADAP PROFITABILITAS MELALUI CASH RATIO, QUICK RATIO DAN CURRENT RATIO (STUDI PADA PERUSAHAAN OTOMOTIF DAN KOMPONEN YANG LISTING DI BEI PERIODE 2011-2013)

The purpose of this study is to determine: (1) the conditions of
profitability, working capital turnover, cash ratio, quick ratio and current ratio, (2)
if the working capital turnover has effect on profitability through cash ratio, (3) if
the working capital turnover has effect on profitability through quick ratio, and (4)
if working capital turnover effect on profitability through current ratio. The
population of this study is the automotive and component companies listed in the
Indonesia Stock Exchange during 2011- 2013 periods as many as 134 companies.
Through purposive sampling technique, it gained 12 companies as the sample
from 36 data. Data processing in this research used descriptive analysis techniques
and quantitative analysis in form of path analysis with SPSS 16.0. The research
finding showed that: the value of return on assets (ROA), cash ratio, quick ratio
and current ratio are changing with a downward trend elastically while the value
of return on equity (ROE) decreased elastically. Statistical test results obtained as
follows: cash ratio, quick ratio and current ratio have no status as a moderator and
mediator variables in terms of working capital turnover on profitability, yet,
current ratio is the independent variables.