MANAJEMEN MODAL KERJA DAN LIKUIDITAS SEBAGAI PREDIKTOR PROFITABILITAS PADA PT BATULICIN NUSANTARA MARITIM TBK PERIODE 2021-2023

Abstract

This study aims to identify and prove the effect of Working Capital Turnover and Current Ratio on Return on Assets at PT. Batulicin Nusantara Maritim Tbk for the period 2021–2023. The study involves three variables: two independent variables, Working Capital Turnover (X1) and Current Ratio (X2), and one dependent variable, Return on Assets (Y). This research employs a quantitative approach. The data source is secondary data. The data collection technique used is documentation. The sample was selected using purposive sampling, which involves choosing samples from the population based on specific criteria derived from the secondary data. The method used for data analysis is multiple linear regression analysis, and the data were calculated and analyzed using SPSS for Windows. The results of the study show that the multiple linear regression model is Y = -4.581 + 0.852X1 + 1.200X2. Working Capital Turnover has a significant effect on Return on Assets because the t-value is greater than the t-table value, namely 4.607 > 2.26216, and the significance value is less than 0.05, namely 0.01 < 0.05. The Current Ratio also has a significant effect on Return on Assets because the t-value is 3.269 > 2.26216, and the significance value is less than 0.05, namely 0.01 < 0.05. Simultaneously, Working Capital Turnover and Current Ratio have a significant effect on Return on Assets as indicated by the F-value being greater than the F-table value, 10.883 > 4.26, and the significance value is less than 0.05, namely 0.01 < 0.05. The Adjusted R Square obtained is 0.642 or 64.2%. This indicates that 64.2% of the variation in the dependent variable Return on Assets can be explained or influenced by the independent variables Working Capital Turnover and Current Ratio, while the remaining 35.8% is influenced by other variables outside the research model