PENGARUH LIKUIDITAS DAN AKTIVITAS TERHADAP PROFITABILITAS PADA PERUSAHAAN FARMASI YANG TERDAFTAR DI BURSA EFEK INDONESIA

The formulation of this research problem is how the influence of liquidity and activity to
profitability in company of pharmacy which is enlisted on the Indonesia Stock Exchance. The method
used in this paper is literature research and field research. The data used are qualitative data and
quantitative data, and data collection techniques used documentation method. Then the technique of
data analysis using qualitative descriptive method and quantitative descriptive method.
The result of this research can be summarized as: 1. The average of the Current Ratio is 3,120,
the average of the Total Assets Turnover is 1,327, and the average of the Return On Assets is 0,161.
2. The result of the multiple linear regression is Ŷ = 0,020 + 0,069 X
1
– 0,056 X
2
, it means that liquidity
has positive influence to profitability meanwhile activity has negative influence to profitability in the
company of pharmacy which is enlisted on the Indonesia Stock Exchance period 2011-2016. 3. The
result of the correlation coefficient analysis states that there is a high correlation between liquidity and
activity with profitability as much as 0,838. The coefficient of determination is 0,702, it means that
liquidity and activity could explain profitability as much as 70,2%. 4. The F test result obtained
significant value 0,000 < 0,005 so H
0
is rejected that means liquidity and activity have significant
influence to profitability in the company of pharmacy which is enlisted on the Indonesia Stock
Exchance period 2011-2016.
The result of this research suggests that the company have to control the current assets to be
stable so that didn’t disrupting the current assets and invent the unemployed assets so it doesn’t
charge the capital’s expense to the company’s assets. In addition, for further research to expand the
discussion about another factors which affect profitability.