CD Skripsi
Pengaruh Pengelolaan Modal Kerja Dan Kebijakan Hutang Terhadap Profitabilitas Pada Perusahaan Sub Sektor Kimia Yang Terdaftar Di Bursa Efek Indonesia
This study aims to determine the effect of working capital management dan
debt policy on profitability at chemical sub-sector company listed in Indonesia
Stocck Exchange (IDX). Working capital management ratios were used as
independent variables is working capital turnonver, and ratio of debt policy is
Debt to Asset Ratio (DAR). While being used as dependent variable is profitability
Return on Asset (ROA). The populations of this study are chemical sub-sector
company listed in Indonesia Stock Exchange (IDX) for 2016-2020. The sampling
technique in this study used Purposive Sampling and obtained a sample of 7
companies. Data used in this study is a secondary data, financial reports. Analysis
data using financial ratio analysis and multiple linear regressions analysis with
SPSS 24.
The results of the analysis shows that working capital management is still
not effective, debt policy still has a ratio that is above the standard which
indicates it is not healthy, profitability does not yet meet industry standards, the
variable working capital management partially has significant effect on
profitability, debt policy partially (t test) has negative effect on profitability, and
simultaneous (f test) shows significant effect between working capital
management and debt policy on profitability. The adjusted R square value is
0,424. This means that 42,4% of the variations of the two independent variables.
While the remaining is influenced by variables that are not studied.
Keywords : Working Capital Management, Debt Policy, Profitability
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