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PENGARUH PERPUTARAN MODAL KERJA TERHADAP KINERJA KEUANGAN PADA PT. KATAMATA

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ABSTRACT THE EFTECT OF WORKING CAPITAL TURNOVERTO FTNANCIAL PERFORIVIANCE AT PT. KATAMATA By: Fehsky Graliano Purpose of this research is to know working capital tumover, financial performance and the effect of working capital tumover to financial performance at PT. Katamata. This research is done by using descriptive method, that is method collects, presents, and data analysis based on actual and real situation, then concluded. Data that been used is balance sheet and income statement of PT. Katamata. Data analysis used regression analysis, correlation coeffrcient analysis, sigrrificance test and coefticient of determination analysis. Based on result of research it is known tbat working capital tumover of PT. Katamata is in good condition, because company has managed it working capital effectively. Average of working capital from 2005 - 2009 is 2,79 times per year' The highest working capital is at 2005 that amount 3,84 times. Financial performance measured by using Reorm on Investmeot. Condition of financial performance is good, we can see from the amount of ROI that positive, but company is not effective maximize its asset, we can see from the amount of ROI that not big enough. Average ofROI is 2,84 %o per year. The highest ROI is at 2009 that amount 3,48%. From the result of regression analysis we get an equation Y = -19,782 + 0,845x , then pearson correlation coelficient yields r = 0,863 which means that working capital tumover have relationship which is positive and very strong to financial performance. After the t test is done it is known that t calculated value : 2,948 and t critical value: 2,353 , it means that t calculated value > t critical value, meaning there is significant relationship between working capital tumover to financial performance, it means Ho is rejected and Ha is accepted. Value of Kd = 74,47 o/o gives indication that the effect of working capital tumover to financial performance is 74,47Yo, while the rest equal to 25,53 %o are other factors outside of the study.