Abstract

This study aims to analyze the effect of accounts receivable turnover to profitability, the effect of rotation of inventories to profitability, and the influence of trade payables turnover on profitability in pharmaceutical company listed on the Indonesia Stock Exchange. The population in this study are all Pharma companies listed on the Indonesia Stock Exchange as many as 10 companies registered in the period from 2010 to 2014. While the sample is as much as six companies. To test the hypothesis, then analyzed using multiple linear regression method. The results showed that together these three independent variables, which is comprised of accounts receivable turnover, inventory turnover, and turnover of current liabilities positive and significant impact on the profitability of the company, which is indicated by the value of F = 5.688 and Probability = 0,004