THE ANALYSIS OF CYRCLE STOCK EFFECT AND CYRCLE DUE TO SUPPLY LIQUIDITY AND PROFITABILITY IN PHARMACEUTICAL INDUSTRY STOCK EXCHANGE LISTED IN INDONESIA

Frida Yulianingrum

Abstract


Inventories and receivables is a very important
element in the company's manufacturing industry was. The
due of turnover inventory turnover and working capital is
an element that is always in a state of spin. This study uses
liquidity and protability as the dependent variable and in-
ventory turnover and receivables turnover as independent
variable. The hypothesis tested performed by multiple lin-
ear regression model with a total of 36 samples from nine
pharmaceutical companies listed on the stock exchange for
liquidity and as many as 35 samples from nine pharmaceu-
tical companies listed on stock exchanges to protability.
The purpose of this study to see if that causes an increase
in inventory turnover and receivables turnover but not fol-
lowed by an increase in prot and closed raightly obliga-
tions, whether inventory turnover and receivables turnover
partially and simultaneously aect the liquidity of the phar-
maceutical industry rms listed on the Indonesia Stock Ex-
change and whether the inventory turnover and receivables
turnover partially and simultaneously aect the protability
of the pharmaceutical industry company listed in Indonesia
Stock Exchange. Results from the study indicate that the
cause of the increase in inventory turnover and accounts
receivable management control due to unfavorable working
capital, investment is low. Partial inventory turnover had
no eect on liquidity (Current Ratio) but turnover aect
liquidity (current ratio) Simultaneously inventory turnover
and receivables turnover is common - the same eect on
the liquidity (current ratio). Partial inventory turnover in-

uence protability (net prot margin) and turnover also
aects the protability (net prot margin). Simultaneously
inventory turnover and receivables turnover together - the
same eect on the protability (net prot margin).

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