Tujuan dari penelitian ini adalah untuk mengetahui Pengaruh Operating Leverage, Financial Leverage, dan Perputaran Modal Kerja Terhadap Profitabilitas baik secara parsial ataupun simultan. Objek penelitian yaitu pada perusahaan subsektor transportasi yang terdaftar di Bursa Efek Indonesia (BEI) periode 2019-2023. Penelitian ini menggunakan teknik purposive sampling dan didapat 10 perusahaan yang memenuhi kriteria. Metode yang digunakan yakni metode deskriptif dan verifikatif dengan data kuantitatif yang dimana teknik pengumpulan data menggunakan studi dokumentasi. Teknik analisis data yang digunakan yakni uji asumsi klasik, analisis regresi data panel, koefisien determinasi, dan pengujian hipotesis dengan menggunakan software eviews 12. Hasil penelitian menyimpulkan bahwa hasil uji f (simultan) operating leverage, financial leverage, dan perputaran modal kerja berpengaruh secara simultan terhadap profitabilitas. Berdasarkan hasil uji t (parsial) menyimpulkan bahwa financial leverage dan perputaran modal kerja berpengaruh positif terhadap profitabilitas, sedangkan operating leverage tidak berpengaruh terhadap profitabilitas.
Kata kunci: Operating Leverage, Financial Leverage, Perputaran Modal Kerja, Profitabilitas

The purpose of this study was to determine the effect of Operating Leverage, Financial Leverage, and Working Capital Turnover on Profitability either partially or simultaneously. The object of research is the transportation subsector companies listed on the Indonesia Stock Exchange (IDX) for the 2019-2023 period. This study used purposive sampling technique and obtained 10 companies that met the criteria. The method used is descriptive and verification method with quantitative data where the data collection technique uses documentation studies. The data analysis technique used is the classic assumption test, panel data regression analysis, the coefficient of determination, and hypothesis testing using eviews 12 software. Concluded that the results of the f test (simultaneously) operating leverage, financial leverage, and working capital turnover simultaneously affect profitability. Based on the results of the t test (partial) concluded that financial leverage and working capital turnover have a positive effect on profitability, while operating leverage has no effect on profitability.on profitability.
Keywords: Operating Leverage, Financial Leverage, Working Capital Turnover, Profitability