Journal of Finance and Business Digital (JFBD)
Vol. 1, No. 4, 2022 : 271-288
271
DOI: https://10.55927/jfbd.v1i4.1979
ISSN-E: 2964-8688
https://journal.formosapublisher.org/index.php/jfbd/index
Effect of Working Capital Turnover, Capital Structure, Company
Size, and Sales Growth on Profitability
Lina Puji Lestari
1
, Sri Wahyuni
2*
, Novi Dirgantari
3
, Selamet Eko Budi Santoso
4
Universitas Muhammadiyah Purwokerto
Corresponding Author: Sri Wahyuni yuniku-7067@gmail.com
A R T I C L E I N F O A B S T R A C T
Keywords: Working Capital
Turnover, Capital Structure,
Company Size, Sales Growth
Received : 02 October
Revised : 04 November
Accepted: 06 December
©2022 Lestari, Wahyuni, Dirgantari,
Santoso : This is an open-access article
distributed under the terms of the
Creative Commons Atribusi 4.0
Internasional.
Profitability is very important because it can
affect investors' preferences about the company.
This study aims to analyze and prove
empirically the effect of working capital
turnover, capital structure, company size, and
sales growth on profitability. The population in
this study are property and real estate sector
companies listed on the Indonesia Stock
Exchange (IDX) for the 2019-2021 period. The
sampling technique used purposive sampling
method and obtained a sample of 29 companies
that met the criteria. The analysis technique
used is multiple regression analysis and uses
quantitative methods. The results of this study
indicate that the working capital turnover
variable has no effect on profitability. The
capital structure variable has a negative effect
on profitability. Variable company size and sales
growth have a positive effect on profitability.
This research provides a scientific contribution
in the form of insight into some of the influence
of profitability factors in property and real estate
sector companies listed on the Indonesia Stock
Exchange.