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PENGARUH MODAL KERJA TERHADAP PROFITABILITAS PADA PT. KSB INDONESIA, JAWA BARAT

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ABSTRACT EFFECT OF WORKING CAPITAL TO PROFITABILITY IN PT. KSB INDONESIA, WEST JAVA By: SrijoiceSitumorang The purpose of this research is to find out how working capital and profitability achieved and the effect of working capital on profitability at PT. KSB Indonesia. This research uses descriptive method, is doing research by describing the state of the company in the present through the data, the data is then processed and conclusions can be drawn. The Data used are the balance sheet and income statement of the year 2004 to the year 2011. Analyze data using statistical tools, the analysis of the correlation coefficient, significance tests, and analysis of the coefficient of determination. Net working capital at PT. KSB Indonesia from 2004 to 2011 fluctuated. Where the percentage of working capital in 2005 is negative by 154.189% 2006 423.598% of positive value, positive value of 2007 172.134% 2008 107.331% of negative, negative value in 2009 amounted to 4806.945%, in 2010 worth negative by 109.158%, and in 2011 was also negative at 1314.137%. Profitability at PT. KSB Indonesia can be calculated through analysis of ROA, ROE, and NPM. Where there is the highest ROA in 2011 is Rp. 0,1909. While ROA islowest in 2004 is Rp. 0.0121. The highest ROE there in 2009 is Rp. 0,4817. While the lowest ROE there in 2004 isRp. 0,0495. And there is the highest NPM in 2011 is Rp. 0,1617. While NPM is lowest in 2004 isRp. 0.0121. Based on the results of the study with statistical analysis, it can be seen = 0,885 and = 4,660 > = 1,943 4,660, Ho denied which means there is a significant relationship between working capital with ROA of 0,885. The coefficient of determination is 78,3% meaning that ROA can be affected by the company's working capital. = 0,652 and = 2,108 > = 1,943, Ho denied which means there is a significant relationship between working capital with ROE of 0,652. The coefficient of determination is 42.5% which means that ROE can be affected by the company's working capital. = 0,843 and = 3,831 > = 1,943, Ho denied which means there is a significant relationship between the working capital to the NPM of 0,843. The coefficient of determination is of 71% which means that the NPM can be affected by the company's working capital. Based on the overall ROA, ROE, and NPM, it can be concluded that relationship with the profitability of working capital amounted to 0,809, and the effect of working capital on profitability amounted to 65.4%. While the remaining 34.6% is the effect of other factors beyond the study.