Abstract

The purpose of this study is to find out how much influence Working Capital
Turnover is limited to Cash Turnover, Turnover Turnover and Inventory Turnover
to increase Return On Assets (ROA) generated by the company and know which
among the three variables that give the most dominant influence on Retutn On
Asset. The data used is secondary data derived from the financial statements of PT.
Sahid Jaya International Hotel, Tbk registered in Indonesia Stock Exchange period
2011-2016 obtained through Indonesia Stock Exchange (IDX). Data analysis
techniques in this study using multiple correlation analysis, multiple regression, t
test, f test and coefficient of determination and using tools computer program
Statisrical Product and Services Solution (SPSS) version 16.
The results of analysis based on calculations using correlation test
relationship between ROA variable with cash turnover of 0.663.Sementara
correlation between ROA variable with receivable turnover is equal to –
0.057.Kemudian correlation between ROA variable with large inventory turnover
of both relationship is -0.444. In the multiple regression test the following equation
is obtained: Y = -3,243 + 0,170 X1 – 0,040 X2 + 1,273 X3. From the t test results
obtained partially no positive and significant effect between cash turnover
variables on ROA (Return On Asset), partially no positive and significant influence
between cash rotation variables to ROA, partially no positive and significant
influence between variable receivables turn over to ROA, partially there is no
positive and significant influence between variable inventory turnover to ROA, and
simultaneously there is no positive and significant influence between variable cash
turnover, receivable turnover, and inventory turnover of ROA. The magnitude of
the coefficient of determination is 0.658 or equal to 65.8%. In this research ROA at
PT Sahid Jaya International Tbk has unstable performance, due to ROA of PT
Sahid Jaya International Hotel, Tbk each year experience increase and decrease
profit and cash turnover, receivable turnover and inventory turnover not directly
affect on ROA.
Keyword: Cash Turnover, Accounts Receivable Turnover, Inventory Turnover,
ROA