scholarly journals PREDIKSI KONDISI KEUANGAN PADA PERUSAHAAN SEKTOR PERTAMBANGAN DI BURSA EFEK INDONESIA

2018 ◽  
Vol 7 (11) ◽  
pp. 6100
Author(s):  
Ni Kadek Tina Rasminiati ◽  
Luh Gede Sri Artini
Keyword(s):  
Cash Flow ◽  
Financial Distress ◽  
Total Asset ◽  
Total Debt ◽  
Current Asset ◽  
Asset Turnover

Kondisi keuangan merupakan suatu keadaan yang menunjukkan tingkat kesehatan perusahaan yang sesungguhnya. Kondisi keuangan diukur dengan melihat perusahaan yang mengalami financial distress dan perusahaan yang tidak mengalami financial distress. Tujuan penelitian adalah mengetahui pengaruh dari rasio keuangan seperti current asset turnover, total asset turnover, days sales in receivables, cash flow to total debt, dan  debt to asset terhadap  financial distress. Penelitian dilakukan pada perusahaan sektor pertambangan di BEI periode 2012-2016. Jumlah sampel penelitian yaitu sebanyak 8 perusahaan dalam kategori mengalami financial distress dan 16 perusahaan dalam kategori tidak mengalami financial distress. Metode pengumpulan data menggunakan metode observasi nonparatisipan dan regresi logistik sebagai teknik analisis data. Hasil penelitian ini menemukan bahwa: current asset turnover memiliki pengaruh negatif tidak signifikan terhadap financial distress, total asset turnover berpengaruh negatif signifikan terhadap financial distress, days sales in receivables memiliki pengaruh positif tidak signifikan terhadap financial distress, cash flow to total debt memiliki pengaruh negatif tidak signifikan terhadap financial distress, dan debt to asset berpengaruh berpengaruh positif signifikan terhadap financial distress. Kata kunci : kondisi keuangan, financial distress, dan rasio keuangan.

PREDIKSI KONDISI FINANCIAL DISTRESS PADA PERUSAHAAN MANUFAKTUR PERUSAHAAN DI BURSA EFEK INDONESIA

2020 ◽  
Vol 3 (1) ◽  
pp. 1-10
Author(s):  
Surya Gandi ◽  
Damayanti Damayanti ◽  
Supriyanto Supriyanto
Keyword(s):  
Financial Distress ◽  
Stock Exchange ◽  
Wald Test ◽  
Total Asset ◽  
Net Income ◽  
Manufacturing Companies ◽  
Case Scenario ◽  
Worst Case ◽  
Current Asset ◽  
Asset Turnover

Being aware the signal of financial distress conditions is important because in the worst case scenario the company can be forced in to liquidation. This condition can be predicted using model that have been developed by many researchers. The purpose of this research is analyze and describe the effects of current asset to current liability, debt to total asset, total asset turnover, and  net income to equity in predicting the condition of financial distress in manufacturing companies listed in Indonesian Stock Exchange  in year 2012-2017. The data analiysis method is logit regression. The resecarch sample used purposive sampling tecnique. The result of wald test (partial) showed that current asset to current liability, debt to total asset and  total asset turnover that have significant effects to predict the condition of  financial distress in company, whilst net income to equity not significant to predict the condition of financial distress in the company. The result of G2/likehood showed that current asset liability, debt to total asset, total asset turnover and  net income to equity  simultaneously have significant influence to predict the condition of financial distress in company. Value of Mc fadden R-squared (R2) showed the relation among the variabels is in a very strong category.

scholarly journals The Analysis of Fundamental Variables and Macro Economic Variables in Predicting Financial Distress

2020 ◽  
Vol 9 (1) ◽  
pp. 81-90
Author(s):  
Siti Nur Kholisoh ◽  
Rina Dwiarti
Keyword(s):  
Exchange Rate ◽  
Interest Rate ◽  
Financial Distress ◽  
Rate Sensitivity ◽  
Total Asset ◽  
Current Ratio ◽  
Return On Equity ◽  
Macroeconomic Variables ◽  
Turnover Ratio ◽  
Asset Turnover

Financial distress is a condition where the company is experiencing financial difficulties prior to bankruptcy. This study aims to identify and explain the influence of the fundamental variables and macroeconomic variables in predicting the probability of financial distress. Based on the eight variables used, current ratio, debt to assets ratio, return on equity and total asset turnover ratio is a fundamental variable. While the sensitivity of inflation, exchange rate sensitivity and interest rate sensitivity included in macroeconomic variables. The population in this study are all porperti and real estate company listed on the Stock Exchange in 2014-2018. The sample selection using purposive sampling technique, acquired 23 companies in the sample with the five companies in the category of financial distress and 18 companies in the category of non financial distress. The analytical method used is logistic regression and sensitivity analysis. The results showed that the variable current ratio, debt to assets ratio, total asset turnover ratio, inflation sesnitivity, exchange rate sensitivity and interest rate sensitivity did not significantly affect the probability of financial distress. While return on equity significantly negative influence on the company’s financial distress.

scholarly journals Analisis Pengaruh Profitabilitas, Likuiditas, Operating Capacity, Sales Growth Terhadap Kondisi Financial Distress pada Perusahaan Manufaktur yang Terdaftar di Bursa Efek Indonesia Tahun 2015-2018

2020 ◽  
Vol 2 (6) ◽  
pp. 927-947
Author(s):  
Arif Wibowo ◽  
Aris Susetyo
Keyword(s):  
Financial Distress ◽  
Total Asset ◽  
Sales Growth ◽  
Current Ratio ◽  
Purposive Sampling ◽  
Turnover Ratio ◽  
Operating Capacity ◽  
Asset Turnover

Penelitian ini bertujuan untuk menguji pengaruh profitabilitas, likuiditas, operating capacity dan sales growth terhadap financial distress. Penelitian ini difokuskan pada perusahaan manufaktur yang terdaftar di Bursa Efek Indonesia (BEI) periode 2015-2018. Jumlah pengamatan sebanyak 172 sampel penelitian yang diperoleh dengan metode nonprobability sampling yaitu teknik purposive sampling. Teknik analisis yang digunakan dalam penelitian ini adalah analisis regresi logistik. Berdasarkan hasil analisis menunjukkan bahwa: (1) Profitabilitas berpengaruh negatif dan signifikan terhadap financial distress. Hal ini berarti bahwa semakin tinggi profitabilitas maka dapat menekan terjadinya kondisi financial distress. (2) Likuiditas berpengaruh negatif dan signifikan terhadap financial distress. Hal ini menunjukkan bahwa semakin besar adanya ketersediaan atau kecukupan dana untuk memenuhi kewajibannya, maka semakin kecil kemungkinan perusahaan mengalami kondisi financial distress yang mengakibatkan pada kebangkrutan. (3) Operating Capacity berpengaruh negatif dan signifikan terhadap financial distress. Hal ini menunjukan bahwa semakin rendah penjualan perusahaan yang diakibatkan dengan penggunaan aset yang tidak efektif untuk kegiatan operasional, maka perusahaan akan rentan terhadap kondisi financial distress. (4) Sales growth tidak berpengaruh terhadap kondisi financial distress. Koefisien determinasi Nagelkerke R Square sebesar 0,734 yang berarti kemampuan variabel penelitian yang diproksikan dengan return on asset, current ratio, total asset turnover ratio dan sales growth menjelaskan variabel prediksi financial distress sebesar 73.4%. Sisanya sebesar 26.6% merupakan faktor lain di luar model penelitian.

scholarly journals ANALISIS RASIO LAPORAN KEUANGAN MODEL HORIZONTAL DAN VERTIKAL PT SUN LIFE FINANCIAL INDONESIA SYARIAH TAHUN 2013-2017

2020 ◽  
Vol 4 (2) ◽  
pp. 85
Author(s):  
Rustamunadi Rustamunadi ◽  
Dewi Juni Andini
Keyword(s):  
Return On Investment ◽  
Total Asset ◽  
Turnover Ratio ◽  
Current Asset ◽  
Asset Turnover ◽  
Turn Over

Analisis laporan keuangan merupakan suatu aktivitas pengamatan kinerja dari suatu perusahaan. Dari laporan keuangan, pihak-pihak yang berkepentingan akan melihat sejauh mana sepak terjang perusahaan bahkan dapat memprediksi masa yang akan datang, baik jangka panjang mau pun jangka pendek. Perumusan masalah ini pun terkait dengan analisis laporan keuangan PT Sun Life Financial Indonesia Syariah dari tahun 2013 s/d 2017 yang ditinjau dari dua model, yakni vertikal dan horizontal. Dilihat dari aspek likuiditas dengan current asset ratio, aspek solvabilitas dengan debt to asset ratio, aspek aktivitas dengan total asset turnover ratio dan aspek profitabilitas. Penelitian ini untuk menganalisis laporan keuangan PT Sun Life Financial Indonesia Syariah tahun 2013-2017. dengan model horizontal dan vertikal dengan current asset ratio, debt to asset ratio, total asset turn over ratio dan return on investment. Metode yang digunakan adalah kualitatif dengan menganalisis data-data yang diperoleh� dan cenderung deskriptif. Hasil penelitian bahwa kinerja keuangan PT Sun Life Financial Indonesia Syariah setiap tahunnya mengalami perubahan, baik berupa peningkatan dan juga penurunan. Begitu dengan model vertikal.

scholarly journals KINERJA RASIO KEUANGAN UNTUK MEMPREDIKSI KONDISI FINANCIAL DISTRESS PADA PERUSAHAAN JASA DI BURSA EFEK INDONESIA PERIODE 2009-2014

2017 ◽  
Vol 6 (1) ◽  
Author(s):  
Muazaroh Muazaroh
Keyword(s):  
Financial Distress ◽  
Service Sector ◽  
Stock Exchange ◽  
Warning System ◽  
Total Asset ◽  
Return On Assets ◽  
Current Ratio ◽  
Analysis Technique ◽  
Asset Turnover ◽  
Equity Ratio

Identifying financial distress condition is important because it can be an early warning system before bankcruptcy. This condition can be predicted using models that have developed by many researchers. The purpose of this research is to describe and analyze the effect of the return on assets, current ratio, debt to equity ratio and total asset turnover towards condition of financial distress in service sector listed in Indonesian Stock Exchange (IDX) in the year 2009-2014. The data analysis technique is logistic regression. The sample consist of 60 data observed of the firms with positive earning before tax for the two consecutive years and 60 data observed of the firms with negative earning before tax for the two consecutive years. The result of this research shows thatreturn on asset significantly affects to condition of company financial distress. Whereas debt to equity ratio, current ratio and total asset turnover do not significantly influenceto condition of company financial distress.So, companies should pay attention to productivity in the future to maintain the effectiveness of the management.

scholarly journals Analisis Pengaruh Current Ratio, DER, TATO dan EBITDA Terhadap Kondisi Financial Distress Pada Perusahaan Manufaktur yang Terdaftar di Bursa Efek Indonesia

2019 ◽  
Vol 14 (1) ◽  
pp. 111-125
Author(s):  
Amanda Oktariyani
Keyword(s):  
Regression Analysis ◽  
Financial Distress ◽  
Stock Exchange ◽  
Total Asset ◽  
Manufacturing Companies ◽  
Analysis Method ◽  
Current Ratio ◽  
Asset Turnover ◽  
Equity Ratio ◽  
Tax Depreciation

This study aims to determine whether the financial ratios that proxied by Current Ratio, Debt to Equity Ratio, Total Asset Turnover, and Earning Before Interest, tax, Depreciation, and Amortization  affect to Financial distress in manufacturing companies listed on the IDX from  2013  to  2017. The  samples  consist  of  46  manufacturing  companies. The data  analysis  method used is logistic regression analysis. The results showed that Total Asset Turnover and Earning  Before Interest, Tax, Depreciation and Amortization influence partially to Financial Distress. Whereas, Current Ratio and Debt to Equity Ratio has not influence partially to Financial distress. The results showed that Current Ratio (CR), Debt to Equity Ratio (DER), Total Asset Turnover (TATO) and Earning Before Interest, Tax, Depreciation and Amortization (EBITDA) influence simultaneously to Financial Distress on manufacturing companies listed on Indonesia Stock Exchange (IDX) 2013-2017.

scholarly journals Pengaruh Debt to Equity Ratio, Current Ratio, Return on Asset, Total Asset Turnover, dan Perubahan Arus Kas Operasi Terhadap Return Saham

2013 ◽  
Vol 5 (2) ◽  
pp. 38-61
Author(s):  
Juanita Putri Aison ◽  
Rosita Suryaningsih
Keyword(s):  
Cash Flow ◽  
Secondary Data ◽  
Financial Statements ◽  
Total Asset ◽  
Current Ratio ◽  
Purposive Sampling ◽  
Share Prices ◽  
Asset Turnover ◽  
Equity Ratio

The objective of this research is to examine the effect of Debt to Equity Ratio (DER), Current Ratio (CR), Return On Asset (ROA), Total Asset Turnover (TAT), and Cash Flow from Operating (CFO) both partially and simultaneously towards share return.  The objects of this study are manufacturin companies which were listed in Bursa Efek Indonesia in the period 2010-2012. The samples are 18 companies based on purposive sampling. The data used in this study are secondary data such as share prices and financial statements.  The results of this study are (1) Debt to Equity Ratio (DER) partially has significant effect towards share return (2) Current Ratio (CR) partially has no significant effect towards share return (3) Return On Asset (ROA) partially has significant effect towards share return (4) Total Asset Turnover (TAT) partially has no significant effect towards share return (5) Cash Flow from Operating (CFO) partially has no significant effect towards share return (6) Debt to Equity Ratio (DER), Current Ratio (CR), Return On Asset (ROA), Total Asset Turnover (TAT), and Cash Flow from Operating (CFO) simultaneously have a significant effect towards share return. Keywords: Debt to Equity Ratio (DER), Current Ratio (CR), Return On Asset (ROA), Total Asset Turnover (TAT), Cash Flow from Operating (CFO), share return

scholarly journals Analisis Prediksi Kondisi Financial Distress Debitur Pasca Erupsi Gunung Sinabung

2019 ◽  
Vol 11 (1) ◽  
pp. 21
Author(s):  
Munawarah Munawarah ◽  
Wenny Anggeresia Ginting
Keyword(s):  
Prediction Model ◽  
Natural Disaster ◽  
Significant Influence ◽  
Financial Distress ◽  
Total Asset ◽  
Analysis Method ◽  
Asset Sales ◽  
Working Capital ◽  
Total Debt ◽  
Bank Officer

One of the factors causes financial distress is a natural disaster such as Eruption of Sinabung in Karo. By using the financial’s debtor performance (financial ratios), Bank officer has an analyzing system to detect the ability of the debtor to pay their liabilities. The aim of this research is to design prediction model and analyze whether Working Capital to Total Asset, Sales to total Asset, Total Debt to Total Asset, Total Debt to Total Equity, and Earning Before Interest and Taxes to Total Asset  have significant influence to predict the financial distress or non financial distress of debtor while the Sinabung eruption is happening. The analysis method using Binary logistic with dummy data on the dependent variable. The result shows that only Total Debt to Total Asset has positive and significant effect to predict the probability of debitor’s financial distress. The possibility of predictions accurate is about 86,7%. The value Nagelkerke R Square is  67,8 % which indicates that the variation of financial distress and non financial distress’s probability  can be explained by variation of  Working Capital to Total Asset, Sales to total Asset, Total Debt to Total Asset, Total Debt to Total Equity, and Earning Before Interest and Taxes to Total Asset. While 32,2 % can be explained by others factor exclude of the research.

scholarly journals Pengaruh Total Debt Equity Ratio (DER) dan Total Asset Turnover (TATO) Terhadap Profitabilitas (ROE) pada Perusahaan Manufaktur yang Terdaftar di Bursa Efek

2020 ◽  
Vol 1 (2) ◽  
pp. 73-82
Author(s):  
Rahmi Ambari ◽  
Andri Indrawan ◽  
Ade Sudarma
Keyword(s):  
Sampling Technique ◽  
T Test ◽  
Total Asset ◽  
Manufacturing Companies ◽  
Return On Equity ◽  
Normality Test ◽  
Total Debt ◽  
Analysis Technique ◽  
Asset Turnover ◽  
Equity Ratio

The purpose of this study is to determine the effect of Total Debt Equity Ratio (DER) and Total Asset Turnover (TATO) on Profitability (ROE) in Manufacturing Companies listed on the IDX. The research method used is quantitative, with associative approaches. The sampling technique used in this study was nonprobability sampling with purposive sampling technique. The data analysis technique used in this study is the normality test and partial test (t test). The results of the partial test (t test) show that the tcount of variables The total debt equity ratio (DER) is 1.660 with a significant level of more than 0.05, which is 0.105 (0.105> 0.05), tcount = 1.660 <table = 2014, then Ho is accepted and Ha is rejected, which means that the Total debt equity ratio does not have a significant effect on profitability (ROE) and tcount of the variable Total asset turnover (TATO) of 3,341 with a significant level of less than 0.05 which is 0.002 (0.002 <0.05). Tcount = 3,341> t table = 2014. The results of this study show that partially only total asset turnover has an effect on profitability (ROE). Keywords : Total Debt Equity Ratio (DER), Total Asset Turnover (TATO), Return on Equity (ROE)

scholarly journals DETERMINAN PERTUMBUHAN LABA PERUSAHAAN PERDAGANGAN ECERAN BERDASARKAN RASIO KEUANGAN DI BURSA EFEK INDONESIA

2019 ◽  
Vol 16 (2) ◽  
pp. 122-131
Author(s):  
Ninin Non Ayu Salmah ◽  
Sri Ermeila
Keyword(s):  
Total Asset ◽  
Current Ratio ◽  
Purposive Sampling ◽  
Current Asset ◽  
Asset Turnover

Tujuan penelitian - Tujuan penelitian ini adalah untuk mengetahui apakah rasio-rasio keuangan berpengaruh signifikan terhadap pertumbuhan laba perusahaan perdagangan eceran pada Bursa Efek Indonesia baik secara simultan maupun parsial.Desain penelitian – Populasi penelitian adalah perusahaan-perusahaan yang tergabung dalam Sektor Perdagangan Jasa dan Investasi Sub Sektor Perdagangan Eceran di Bursa Efek Indonesia. Teknik pengambilan sampel adalah purposive sampling. Jumlah sampel adalah 14 perusahaan dengan 52 data. Penelitian menggunakan data sekunder berupa laporan keuangan dari tahun 2014 sampai dengan 2017. Variabel penelitian  terdiri dari pertumbuhan laba sebagai variabel terikat dan rasio keuangan sebagai variabel bebas, Variabel bebas terdiri dari current asset, debt to asset ratio, retun on asset dan total asset turnover. Teknik analisis data adalah statistik deskriptif, regresi linear berganda, koefisien korelasi,  koefisien determinasi dan uji hipotesis dengan uji F dan uji t. Temuan – Penelitian ini menghasilkan 1)secara simultan, rasio-rasio keuangan yang terdiri dari current ratio, debt to asset ratio, return on asset dan total asset turnover berpengaruh signifikan terhadap pertumbuhan laba perusahaan perdagangan eceran pada Bursa Efek Indonesia 2)secara parsial, current ratio dan debt to asset ratio  berpengaruh tidak signifikan terhadap pertumbuhan laba perusahaan perdagangan eceran pada Bursa Efek Indonesia 3)secara parsial, return on asset dan total asset turnover berpengaruh signifikan terhadap pertumbuhan laba perusahaan perdagangan eceran pada Bursa Efek Indonesia.Keterbatasan penelitian - Keterbatasan penelitian ini adalah periode pengamatan hanya 4 tahun sehingga menghasilkan keterbatasan jumlah sampel dan data observasi.Value – Penelitian ini memperkuat hasil-hasil penelitian sebelumnya dengan penggunaan variabel yang sama tetapi obyek dan periode pengamatan yang berbeda sehingga memperkaya pembahasan dengan topik yang sama.Keywords : pertumbuhan laba,  current ratio, debt to asset ratio, return on asset, total asset turnover

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