PENGARUH PERPUTARAN KAS, PERPUTARAN PIUTANG DAN RASIO UTANG TERHADAP LIKUIDITAS PADA PERUSAHAAN SUB SEKTOR PROPERTY DAN REAL ESTATE YANG TERDAFTAR DI BURSA EFEK INDONESIA (PERIODE 2015-2018)

Abstract

The research discusses the effect of cash turnover, receivable turnover and debt ratio to liquidity in property and real estate sub-sector companies listed on the Indonesia Stock Exchange for the period 2015-2018. This study aims to determine and analyze the effect of cash turnover, receivable turnover and debt ratios to liquidity partial and simultaneously. This study uses 45 companies as a sample of a total population of 57 companies that have been selected using purposive sampling with certain criteria. The analysis technique used is descriptive statistical test, classical assumption test, and hypothesis testing using t- test (partial), f-test (simultaneous) and the coefficient of determination test using SPSS 16. The results showed that partially cash turnover had no significant effect on liquidity, as well, receivable turnover partially did not have a significant effect on liquidity. Reverse, the debt ratio partially has a significant effect on liquidity. Meanwhile, the f-test results showed that cash turnover, receivable turnover and debt ratio simultaneously affect liquidity. From the coefficient of determination test results obtained 13.9% change in liquidity is influenced by cash turnover, receivable turnover and debt ratio. Meanwhile, 86.1% was influenced by other variables not examined in this study.