Abstract :
This research investigates the effect of turnover in fix asset and working
capital on profitability from manufacturing firms in Indonesia stock exchange. This
research examines the effect of turnover in fixed asset and working capital on
profitability of manufacturing firms in Indonesian Stock Exchange. The investment
fixed asset uses net book value and the working capital is measured from current
assest-current liabilities. Profitability is measured by operating income return on
investment. This study uses 56 samples of manufacturing listed companies on
Indonesia Stock Exchange in 2006-2008 periods. The samples selection uses
purposive sampling methods. Regression analysis is used to test hypothesis. Research
findings show that : turnover in fixed asset is statistically significant to influence on
profitability and working capital is statistically significant to influence on
profitability of manufacturing firms in Indonesian Stock Exchange. It means that
turnover in fix asset and working capital will be affect increasing of profitability.
Keyword : fixed asset turnover, working capital turnover and operating income
return on investment (oiroi).