摘要：Penelitian ini bertujuan untuk menganalisis pengaruh antara perputaran modal kerja, operating leverage
dan financial leverage terhadap profitabilitas. Obyek penelitian adalh tiga belas perusahaan sektor retail
terdaftar di Bursa Efek Indonesia (BEI) yang dipilih berdasarkan kriteria tertetu. Data sekunder berupa
laporan keuangan dari masing-masing perusahaan dalam periode 2013 sampai 2017, dan dianalisis
menggunakan metode regresi linier berganda. Hasil-hasil yang diperoleh menyatakan bahwa masingmasing perputaran modal kerja, operating leverage dan financial leverage memiliki pengaruh yang
positif pada profitabilitas perusahaan sektor retail di BEI. Namun demikian, hasil uji parsial
membuktikan bahwa hanya financial leverage yang memiliki pengaruh signifikan terhadap profitabilitas;
sementara perputaran modal kerja dan operating leverage terbukti berpengaruh tidak signifikan. Secara
simultan, ketiga variabel independen yang dianalisis memiliki pengaruh yang signifikan terhadap
profitabilitas perusahaan sektor retail di BEI.
其他摘要：This study aims to analyze the influence of working capital turnover, operating leverage and financial leverage on profitability. The research object is thirteen retail sector companies listed on the Indonesia Stock Exchange (IDX) which are selected based on certain criteria. Secondary data are in the form of financial statements from each company in the period 2013 to 2017, and analyzed using multiple linear regression methods. The results obtained state that each working capital turnover, operating leverage and financial leverage have a positive influence on the profitability of retail sector companies on the IDX. However, the results of the partial test prove that only financial leverage has a significant influence on profitability; while working capital turnover and operating leverage proved to be insignificant. Simultaneously, the three independent variables analyzed have a significant influence on the profitability of retail sector companies on the IDX.
