Pengaruh Financial Distress, Leverage, Perputaran Piutang Dan Arus Kas Operasi Terhadap Profitabilitas Pada Perusahaan Perbankan Yang Terdaftar Di Bursa Efek Indonesia Periode 2021 – 2024

This study aims to analyze the effect of financial distress, leverage, receivables turnover, and cash flow from operations on profitability in banking companies listed on the Indonesia Stock Exchange (IDX) during the period 2021–2024. The research method uses multiple linear regression with a sample of 168 company data. The results show that partially, the variables DER and receivables turnover significantly affect profitability, with DER having a positive effect and receivables turnover a negative effect. The variables BOPO and CFO do not have a significant partial effect on profitability. Simultaneously, the four independent variables significantly influence profitability, with an F value of 197.979 and a significance of 0.000. The Adjusted R Square value of 0.881 indicates that 88.1% of the variation in profitability can be explained by the variables in the model, while the remaining variation is influenced by other factors outside the research model. These findings highlight the importance of capital structure management and receivables management in improving bank profitability. This study implies that efforts to improve financial performance should focus on effective debt management and receivables control to support the growth of banking company profits.