scholarly journals Deteksi Analisis Efisiensi Modal Kerja Dengan Pendekatan Teori Sinyal

2016 ◽  
Vol 4 (1) ◽  
Author(s):  
Stefan Joy Karewur
Keyword(s):  
Working Capital ◽  
Current Ratio ◽  
Inventory Turnover

Penelitian ini bertujuan untuk menganalisis efektif penggunaan modal kerja dan efisiensi perusahaan. Penulis menggunakan metode deskriptif verifikatif dengan penelitian kuantitatif. Tujuan dari penelitian deskriptif ini adalah untuk membantu deskripsi, gambaran secara sistematis, faktual dan akurat mengenai fakta-fakta, sifat-sifat serta hubungan antar fenomena yang diselidiki kemudian di analisis untuk diambil kesimpulannya dan menguji kebenaran teori yang ada tetapi bukan untuk menciptakan teori baru. Hasil penelitian ini yaitu Rasio likuiditas yang dimiliki PT.Sritex Tbk. yang meliputi current ratio dan quick ratio dari tahun ke tahunmengalami kenaikan, Rasio aktivitas yaitu working capital turnover, receivable turnover dan inventory turnover dari tahun ke tahun mengalami peningkatan.

scholarly journals Analisis Laporan Keungan Untuk Menilai Kinerja Keuangan PT. Surya Citra Media Tbk.

2020 ◽  
Vol 3 (2) ◽  
Author(s):  
Fakung Rahman ◽  
R. Chepi Safei Jumhana
Keyword(s):  
Profit Margin ◽  
Total Asset ◽  
Working Capital ◽  
Fixed Asset ◽  
Current Ratio ◽  
Return On Equity ◽  
Asset Turnover ◽  
Inventory Turnover ◽  
Equity Ratio

Walaupun sudah banyak orang yang meneliti tentang kinerja keuangan suatu perusahaan, akan tetapi sangat jarang bahkan mungkin belum ada orang yang meneliti kinerja keuangan perusahaan di bidang industri jasa penyiaran (televisi), maka dari itu penulis tertarik untuk meniliti kinerja keuangan PT. Surya Citra Media Tbk. (SCMA), yang kebetulan perusahaan tersebut sebagai holding dari dua stasiun televisi ternama yaitu PT. Surya Citra Televisi (SCTV) dan PT. Indosiar Visual Mandiri (Indosiar).Adapun tujuan dari penelitian ini adalah untuk mengetahui kinerja keuangan PT. Surya Citra Media Tbk. berdasarkan analisis rasio likuiditas, rentabilitas, aktivitas dan rasio solvabilitas. Fokus dalam penelitian ini adalah kinerja keuangan yang dapat diukur dengan 13 rasio keuangan yaitu Current Ratio, Quick Ratio, Cash Ratio, Total Asset Turnover, Fixed Asset Turnover, Working Capital Turnover, Inventory Turnover, Debt to Equity Ratio, Debt to Asset Ratio, Gross Profit Margin, Return on Asset, dan Return on Equity.

scholarly journals Corporate Bankruptcy Prediction Model, a Special Focus on Listed Companies in Kenya

2020 ◽  
Vol 13 (3) ◽  
pp. 47
Author(s):  
Daniel Ogachi ◽  
Richard Ndege ◽  
Peter Gaturu ◽  
Zeman Zoltan
Keyword(s):  
Financial Distress ◽  
Listed Companies ◽  
Debt Ratio ◽  
Working Capital ◽  
Corporate Bankruptcy ◽  
Current Ratio ◽  
Asset Turnover ◽  
Inventory Turnover ◽  
Equity Ratio ◽  
A Company

Predicting bankruptcy of companies has been a hot subject of focus for many economists. The rationale for developing and predicting the financial distress of a company is to develop a predictive model used to forecast the financial condition of a company by combining several econometric variables of interest to the researcher. The study sought to introduce deep learning models for corporate bankruptcy forecasting using textual disclosures. The study constructed a comprehensive study model for predicting bankruptcy based on listed companies in Kenya. The study population included all 64 listed companies in the Nairobi Securities Exchange for ten years. Logistic analysis was used in building a model for predicting the financial distress of a company. The findings revealed that asset turnover, total asset, and working capital ratio had positive coefficients. On the other hand, inventory turnover, debt-equity ratio, debtors turnover, debt ratio, and current ratio had negative coefficients. The study concluded that inventory turnover, asset turnover, debt-equity ratio, debtors turnover, total asset, debt ratio, current ratio, and working capital ratio were the most significant ratios for predicting bankruptcy.

scholarly journals Pengaruh Rasio Aktivitas, Solvabilitas dan Likuiditas Terhadap Profitabilitas pada Perusahaan Pertambangan Batubara

2019 ◽  
Vol 1 (3) ◽  
pp. 181-187
Author(s):  
Suwandi Suwandi ◽  
Jenny Thalia ◽  
Syakina Syakina ◽  
Munawarah Munawarah ◽  
Siti Aisyah
Keyword(s):  
Total Asset ◽  
Working Capital ◽  
Current Ratio ◽  
Purposive Sampling ◽  
Asset Turnover ◽  
Inventory Turnover ◽  
Equity Ratio

lvabilitas dan Likuiditas Terhadap Profitabilitas Perusahaan Pertambangan Batubara yang terdaftar di Bursa Efek Indonesia periode 2012-2016. Rasio aktivitas menggunakan Inventory Turnover, Working Capital Turnover, Total Asset Turnover dan Receivable Turnover sedangkan rasio solvabilitas menggunakan Debt to Equity Ratio dan rasio likuiditas menggunakan Current Ratio. Pendekatan penelitian adalah pendekatan kuantitatif asosiatif dengan sifat kausal. Populasi dalam penelitian ini adalah seluruh perusahaan pertambangan batubara yang terdaftar di BEI sebanyak 22 perusahaan. Terdapat 8 perusahaan yang dipilih dengan menggunakan metode purposive sampling. Dalam penelitian ini teknik analisis yang digunakan adalah analisis regresi linear berganda. Berdasarkan hasil uji hipotesis secara simultan, diperoleh pengaruh signifikan terhadap Profitabilitas, dengan hasil uji koefisien determinasi sebesar 34,5%. Sedangkan berdasarkan hasil uji hipotesis secara parsial, Inventory Turnover, Debt to Equity Ratio, Working Capital Turnover, Current Ratio dan Receivable Turnover tidak berpengaruh signifikan terhadap profitabilitas dan Total Assets Turnover berpengaruh positif dan signifikan terhadap profitabilitas.

ANALISIS RASIO KEUANGAN PADA PERUSAHAAN MAKANAN DAN MINUMAN YANG LISTED DI BURSA EFEK INDONESIA

2015 ◽  
Vol 9 (1) ◽  
pp. 23
Author(s):  
Ariwan Joko Nusbantoro
Keyword(s):  
Sampling Method ◽  
Stock Exchange ◽  
Linear Regression Analysis ◽  
Multiple Linear Regression Analysis ◽  
Working Capital ◽  
Current Ratio ◽  
Return On Equity ◽  
Food And Beverage ◽  
Inventory Turnover ◽  
Equity Ratio

This research aims to examine the effect of Current Ratio, Debt to Equity Ratio, Inventory Turnover, and Total Assets Turnover to Return on Equity of Food and Beverage companies, Listed on Indonesian Stock Exchange. The data were data from 2003 to 2008, containing a sample of 15 companies. A purposive sampling method was employed generating a total of 63 observations. Multiple Linear Regression Analysis is used to test hypotheses. The Results show that Current Ratio, Inventory Turnover, and Total Assets Turnover are significantly influenced Return on Equity leading to accept the proposed hypotheses. Debt to Equity Ratio has negative and significant influence on return on equity but it was in opposite direction. Keywords: Current Ratio or Working Capital Ratio, Debt to Equity Ratio, Inventory Turnover, Total Assets Turnover, and Return on Equity.

scholarly journals DETERMINASI EFISIENSI MODAL KERJA DAN LIKUIDITAS TERHADAP PROFITABILITAS PADA PERUSAHAAN SEKTOR FARMASI YANG TERDAFTAR DI BEI

2019 ◽  
Vol 12 (1) ◽  
Author(s):  
Rina Dameria Napitupulu
Keyword(s):  
Quantitative Research ◽  
Stock Exchange ◽  
Secondary Data ◽  
Research Approach ◽  
Working Capital ◽  
Return On Assets ◽  
Current Ratio ◽  
Inventory Turnover ◽  
Capital Efficiency

<p><strong>ABSTRACT:</strong> This research aims to analyze the determination of working capital efficiency and liquidity towards profitability in the pharmaceutical companies listed on the Indonesia stock exchange. Research using quantitative research approach with the method of korelasional regression. The data of the secondary data is taken from BEI. Results of the study showed: first working capital (working capital turnover) affect to profitability (return on assets), second receivable turnover affect to profitability (return on assets), third inventory turnover affect to profitability (return on assets), fourth liquidity (current ratio) do not affect positive toward profitability (return on assets). In addition the results of the analysis show the sub sectors of the pharmacy in the period 2013-2017 to have the development of profitability (return on assets) through determination of coefficients test 62.9% of known (working capital turnover, inventory turnover, receivable turnover, current ratio) while the rest of 37.1% is affected by other variables that are not included in the regression model. While partially (individual) only working capital turnover, receivable turnover Inventory turnover, the effect on profitability (return on assets). <br /> <br />Keyword : working capital, liquidity, profitability, pharmaceutical sector <br /> <br /> <br /><strong>ABSTRAK:</strong> Penelitian ini bertujuan untuk menganalisis determinasi dari efisiensi modal kerja dan likuiditas terhadap profitabilitas pada perusahaan farmasi yang terdaftar di Bursa Efek Indonesia. Pendekatan penelitian menggunakan penelitian kuantitatif dengan metode korelasional regresi. Data yang diambil merupakan data sekunder dari BEI. Hasil penelitian menunjukan: pertama modal kerja (working capital turnover) berpengaruh terhadap profitabilitas (return on assets), kedua piutang usaha (receivable turnover) berpengaruh terhadap profitabilitas (return on assets), ketiga persediaan (inventory turnover) berpengaruh terhadap profitabilitas (return on assets), keempat likuiditas (current ratio) tidak berpengaruh positif terhadap profitabilitas (return on assets). Selain itu hasil analisis menunjukan sub sektor farmasi pada periode 2013-2017 memiliki perkembangan profitabilitas (return on assets) melalui uji koefisien determinasi diketahui sebesar 62,9% (working capital turnover, receivable turnover, inventory turnover, current ratio) sedangkan sisanya sebesar 37,1% dipengaruhi oleh variabel lain yang tidak termasuk dalam model regresi. Sementara secara parsial (individu) hanya working capital turnover, receivable turnover, Inventory turnover yang berpengaruh terhadap profitabilitas (return on assets). <br /> <br />Kata kunci: modal kerja, likuiditas, profitabilitas, sektor farmasi</p>

scholarly journals Pengaruh Efisiensi Manajemen Modal Kerja Terhadap Kinerja Operasi Perusahaan (Studi Pada Indexperusahaan Manufaktur Bursa Efek Indonesia)

2020 ◽  
Author(s):  
Riski Amalia Madi ◽  
Al Akzan
Keyword(s):  
Working Capital ◽  
Current Ratio ◽  
Purposive Sampling ◽  
Cash Conversion Cycle ◽  
Inventory Turnover

Penelitian ini bertujuan untuk mengkaji secara empiris faktor-faktor yang mempengaruhi efisiensi manajemen modal kerja terhadap kinerja operasi perusahaan. Penelitian ini diuji dengan lima variabel independen yaitu cash conversion cycle (CCC)), current ratio(CR), Net Working Capital Ratio (NWCR), Current Assets Turnover (CAT), Inventory Turnover dan satu variabel dependen yaitu Earning Before Interest Tax(EBIT).Objek pada pada penelitian ini adalah perusahaan manufaktur yang terdaftar di Bursa Efek Indonesia, dengan menggunakan teknik Purposive sampling. Penulis memilih dua puluh enam perusahaan sebagai sampel. Teknik analisis yang digunakan adalah analisis regresi linier berganda dan uji hipotesis dan juga dilakukan uji asumsi klasik yang terdiri dari uji normalitas, uji multikolineritas, uji heterokedastisitas, uji autokerasiHasil penelitian ini menemukan bahwa variabel cash conversion cycle (CCC)) berpengaruh positif dan signifikan terhadap dan Earning Before Interest Tax(EBIT), current ratio(CR) berpengaruh positif signifikan terhadap Earning Before Interest Tax(EBIT), Net Working Capital Ratio (NWCR) berpengaruh positif dan tidak signifikan terhadap Earning Before Interest Tax(EBIT), Current Assets Turnover (CAT) berpengaruh negative signifikan terhadap Earning Before Interest Tax(EBIT), dan Inventory Turnover berpengaruh positif signifikan terhadap Earning Before Interest Tax(EBIT).

scholarly journals PENGARUH LIKUIDITAS DAN MODAL KERJA TERHADAP PROFITABILITAS PADA PERUSAHAAN INDUSTRI BARANG KOSUMSI

2019 ◽  
Vol 8 (9) ◽  
pp. 5401
Author(s):  
Ni Kadek Sugiartini ◽  
Sayu Ketut Sutrisna Dewi
Keyword(s):  
Consumer Goods ◽  
Stock Exchange ◽  
Sampling Technique ◽  
Behavioral Observation ◽  
Analysis Tool ◽  
Working Capital ◽  
Current Ratio ◽  
Accounts Receivable ◽  
Inventory Turnover ◽  
Consumer Goods Industry

This study aims to determine the effect of liquidity and working capital on profitability. The liquidity ratio in this study is proxied by the current ratio, while working capital is proxied by cash turnover, accounts receivable turnover, and inventory turnover. This research was conducted on consumer goods industry companies listed on the Indonesia Stock Exchange in 2013-2017. The population in this study were all consumer goods industry companies listed on the Indonesia Stock Exchange with a total of 48 companies. The selection of research samples using purposive sampling technique, so as to obtain a sample of 31 companies. This research using secondary data in the form of company financial statements. Data collection is based on non-behavioral observation methods with multiple linear regression as an analysis tool. Based on the results of the analysis, it was found that cash turnover and accounts receivable turnover did not affect profitability. Other variables, namely inventory turnover and current ratio are affect profitability. Keywords: liquidity, cash turnover, receivable turnover, inventory turnover, profitability  

scholarly journals Pengaruh ITO, CR, DER, TATO dan WCTO Terhadap ROE Pada Perusahaan Aneka Industri Terdaftar Di BEI

2020 ◽  
Vol 4 (2) ◽  
pp. 43
Author(s):  
Jessica Jessica ◽  
Wirda Lilia ◽  
Cherlyn Leonardy ◽  
Meiluawaty Kartika ◽  
Nehemia Panggabean
Keyword(s):  
Working Capital ◽  
Current Ratio ◽  
Return On Equity ◽  
Purposive Sampling ◽  
Inventory Turnover ◽  
Equity Ratio

Penelitian ini bertujuan untuk menganalisis pengaruh dari inventory turnover, current ratio, debt to equity ratio, total assets turnover, dan working capital turnover terhadap return on equity pada perusahaan aneka industri yang terdaftar di Bursa Efek Indonesia. Penelitian ini menggunakan metode pendekatan kuantitatif. Populasi dalam penelitian ini adalah semua perusahaan aneka industri yang terdaftar dalam Bursa Efek Indonesia periode tahun 2014-2017. Teknik pengambilan sampel yang digunakan adalah purposive sampling dengan 64 perusahaan sebagai sampel. Penelitian ini menggunakan data sekunder yang diambil dari Bursa Efek Indonesia. Penelitian ini dianalisis dengan menggunakan analisis linear regresi berganda. Koefisien determinasi dari return on equity sebesar 42,8% yang dipengaruhi oleh inventory turnover, current ratio, debt to equity ratio, total assets turnover, dan working capital turnover. Hasil penelitian menunjukkan bahwa inventory turnover, current ratio, debt to equity ratio, total assets turnover, dan working capital turnover secara simultan berpengaruh terhadap return on equity. Secara parsial, inventory turnover, current ratio, dan working capital turnover tidak berpengaruh terhadap return on equity, debt to equity ratio berpengaruh negatif dan signifikan terhadap return on equity, dan total assets turnover berpengaruh secara positif dan signifikan terhadap return on equity.

scholarly journals PENGARUH EFISIENSI MODAL KERJA DAN LIKUIDITAS TERHADAP PROFITABILITAS PADA PERUSAHAAN SUB SEKTOR FARMASI YANG TERDAFTAR DI BURSA EFEK INDONESIA (BEI)

2015 ◽  
Vol 1 (2) ◽  
pp. 41-50
Author(s):  
Ellyn Octavianty ◽  
Defi Jumadil Syahputra
Keyword(s):  
Sampling Method ◽  
Stock Exchange ◽  
Linear Regression Analysis ◽  
Secondary Data ◽  
Multiple Linear Regression Analysis ◽  
Working Capital ◽  
Pharmaceutical Sector ◽  
Return On Assets ◽  
Current Ratio ◽  
Inventory Turnover

Working capital and liquidity will affect the level of corporate profitability. If the working capital and liquidity levels increase the company's profitability will decline. This study aimed to determine the effect of working capital (working capital turnover, receivable turnover, inventory turnover,) and liquidity (current ratio). This research is about the effect of working capital and liquidity to profitability made on the Pharmaceutical Sector Sub listed on the Stock Exchange by using secondary data, purposive sampling method. The analytical method used inferential statistics, namely multiple linear regression analysis using SPSS version 20.Results of the study revealed the fact that 81.1% of profitability (return on assets) are influenced by working capital (working capital turnover, receivable turnover, inventory turnover) and liquidity (current ratio). While 18.9% is influenced by other variables not included in the regression model. Company's pharmaceutical sector has fluctuated development of working capital and the amount is not much, while the level of liquidity is quite good. This has resulted in a low level of profitability generated.Keywords: Efficiency Working Capital, Liquidity, Profitability

Factors That Influence Financial Performance

2019 ◽  
Vol 118 (5) ◽  
pp. 1-8
Author(s):  
Nursito ◽  
Yulianto Hadi ◽  
Dewi Puspaningtyas Faeni
Keyword(s):  
Financial Performance ◽  
Stock Exchange ◽  
Debt Ratio ◽  
Working Capital ◽  
Current Ratio ◽  
Feed Industry ◽  
Livestock Feed ◽  
Net Profit ◽  
Asset Turnover ◽  
Equity Ratio

This study aims to test empirically the factors that affect financial performance: current ratio, debt ratio, debt to equity ratio, total asset turnover, working capital turnover and net profit margin on return on investment in subsector of livestock feed industry listed in Indonesia Stock Exchange during the period 2006-2015.

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