Kinerja Keuangan Perusahaan Makanan Dan Minuman Yang Terdaftar Di Bursa Efek Indonesia Ditinjau Dari Rasio Keuangan (Studi Pada Perusahaan Makanan Dan Minuman Yang Terdaftar Di Bursa Efek Indonesia Pada Tahun2015-2018)

Abstract The aim of this research is to examine and analyse the impact of activity ratio with fixed assets turnover, total assets turnover, and working capital turnover on profitability ratio with return on assets and return on equity as the measurement standart. The objects of this research were Food and Beverages Industries listed at BEI in 2015-2018 period. According to the above objectives, six hypotheses have been formulated. The samples in this research were taken by “sampling jenuh” method using certain criteria to be fulfilled. This research used 16 samples, which one of them did not fulfill the criteria, two of them have negatif financial report and three of them have not continue published financial report. To solve the problem, this research used multiple regression analysis processed by SPSS 16.0. The result of the research showed that fixed assets turnover, total assets turnover and working capital turnover had impacts on return on assets in the first equation. In the second equation fixed assets turnover and working capital turnover had impact on return on equity. Meanwhile, total asset turnover did not have impact on return on equity in second equation. Keywords: Fixed assets turnover, Total assets turnover, Working capital turnover Return on assets, Return on equity

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PENGARUH UTANG TERHADAP PROFITABILITAS PADA PERUSAHAAN FOOD & BEVERAGE YANG TERDAFTAR DI BURSA EFEK INDONESIA PERIODE 2011-2015

Jurnal Riset Akuntansi dan Keuangan ◽

10.17509/jrak.v5i1.6729 ◽

2017 ◽

Vol 5 (1) ◽

Author(s):

Maizah Rosita ◽

Rilla Gantino

Keyword(s):

Regression Analysis ◽

Multiple Regression Analysis ◽

Sampling Method ◽

Secondary Data ◽

Short Term ◽

Return On Assets ◽

Return On Equity ◽

Financial Report ◽

Test Result

The purpose of this research is to determine the effect of The Debt (Long Term Liabilities to Total Assets and Liabilities Total Assets) to the return on assets, return on equity and earning per share. The research used secondary data from annual financial report of Food & Beverage Company from 2011-2015 listed on BEI, used purposive sampling method and used multiple regression analysis. Based on the test result of simultan or test F The Long Term Liabilities to Total Assets and Short Term Liabilities is significant to the Return On Assets, Return On Equity and Earning per share. Result of partial test or T Test, Long Term Liabilities to Total Assets is not significant on Return On assets, Short Term Liabilities to Total Assets is significant on Return on Assets. Long Term Liabilities to Total Assets is not significant to Return On Equity, Short Term Liabilities to Total Assets significant to Return On Equity, Long Term Liabilities to Total Assets in not significant to Earning per share, and Short Term Liabilities to Total assets is significant to Earning per share.

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PENGARUH CURRENT RATIO, DEBT TO ASSET RATIO, TOTAL ASSET TURNOVER DAN INFLASI TERHADAP RETURN ON ASSET

JIAFE (Jurnal Ilmiah Akuntansi Fakultas Ekonomi) ◽

10.34204/jiafe.v2i2.541 ◽

2018 ◽

Vol 2 (2) ◽

pp. 16-27 ◽

Cited By ~ 1

Author(s):

Herman Supardi ◽

H. Suratno H. Suratno ◽

Suyanto Suyanto

Keyword(s):

Regression Analysis ◽

Multiple Regression Analysis ◽

Sampling Method ◽

Small And Medium Enterprises ◽

Secondary Data ◽

Total Asset ◽

Return On Assets ◽

Current Ratio ◽

Asset Turnover ◽

Medium Enterprises

This study aims to determine how much influence the current ratio, debt to asset ratio, total asset turnover and inflation on return on assets in registered cooperatives in the Department of Cooperatives, Small and Medium Enterprises, Trade and Industry Indramayu district in 2010-2014 so that it can be used a reference to the management in decision making.This study uses the population, namely Employees Cooperative Republic of Indonesia registered KUKM, Industry and Trade of Indramayu district, 2010-2014, as many as 57 KPRI. The sample in this study amounted to 45 samples by purposive sampling method, using secondary data from the Report of the Annual Member Meeting. The tools used are multiple regression analysis. From this study we concluded: Current ratio variable and inflation does not affect the return on assets, the variable debt to asset ratio and total asset turnover variables affect the return on assets, simultaneously current ratio, debt to asset ratio, total asset turnover and inflation effect on return on assets. It can be concluded that the current ratio is too high to be caused by the amount of current assets that are unemployed or bottlenecks receivables.Keywords: Cooperative, Current Ratio, Debt to Asset Ratio, Total Asset Turnover, Return on Assets Inflation

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PENGARUH CURRENT RATIO, TOTAL ASSET TURNOVER, DEBT TO EQUITY RATIO, DAN WORKING CAPITAL TURNOVER TERHADAP RETURN SAHAM DENGAN RETURN ON ASSET SEBAGAI VARIABEL MODERATING PADA PERUSAHAAN LQ45

JEMBATAN ◽

10.29259/jmbt.v14i1.5285 ◽

2018 ◽

Vol 14 (1) ◽

pp. 13-24

Author(s):

Hasbullah Hasbullah ◽

Mohammad Adam ◽

Umar Hamdan

Keyword(s):

Regression Analysis ◽

Multiple Regression Analysis ◽

Multiple Regression ◽

Stock Return ◽

Total Asset ◽

Working Capital ◽

Current Ratio ◽

Asset Turnover ◽

Equity Ratio

This research aimed to analyze the effect of variable Current Ratio (CR), TotalAsset Turnover (TAT), Debt Equity Ratio (DER), and Working Capital Turnover(WCT) with stock return, put the test and analyze is Return on Asset (ROA) moderateeffect on relations Current Ratio (CR), Total Asset Turnover (TAT), Debt Equity Ratio(DER), and Working Capital Turnover (WCT) with Stock return in Company LQ45.Population in this research as much 45 Company with 5 selected as sample of theresearch during period 2009-2015 with multi-shapes sampling in a purposive. The datais analyzed using multiple regression analysis and moderated regression anlysis. Theresult of this research proving that : CR, TAT, DER, and WCT have no effect on stockreturn, Return on Asset (ROA) have moderate Current Ratio (CR) on stock return, butReturn on Asset (ROA) have no moderate Total Asset Turnover (TAT), Debt EquityRatio (DER), and Working Capital Turnover (WCT) with stock return.Keywords : Fundamental Ratio, Return on Asset, Stock Return

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PENGARUH RETURN ON ASSETS RETURN ON EQUITY DEBT TO EQUITY RATIO DAN BOOK VALUE PER SHARE TERHADAP HARGA SAHAM

BALANCE Jurnal Akuntansi dan Bisnis ◽

10.32502/jab.v5i2.2878 ◽

2020 ◽

Vol 5 (2) ◽

pp. 145

Author(s):

Nyayu Khairani Putri ◽

Dian Septianti

Keyword(s):

Regression Analysis ◽

Multiple Regression Analysis ◽

Multiple Regression ◽

Stock Price ◽

Stock Exchange ◽

Return On Assets ◽

Return On Equity ◽

Book Value ◽

Manufacture Sector ◽

Equity Ratio

The purpose in this research is to explain the influence Return On Assets (ROA), Return On Equity (ROE), Debt to Equity Ratio (DER), and Book Value per Share (BVS) on stock price in the manufacture sector at Indonesian Stock Exchange. Sample in this study were 50 companies in manufacture sector in period 2015-2017. Data were chosen by using purposive sampling. Data were analyzed by using multiple regression analysis. The result of the research showed; ROA and BVS has positive and significant effect on stock price. ROE have negative but not significant effect on stock price. DER has positive but not significant effect on stock price.

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Pengaruh Biaya, Produktivitas Aktiva dan Struktur Modal dalam Meningkatkan Profitabilitas Perusahaan

Binus Business Review ◽

10.21512/bbr.v1i2.1097 ◽

2010 ◽

Vol 1 (2) ◽

pp. 496

Author(s):

Muhammad Yusuf

Keyword(s):

Capital Structure ◽

Positive Outcome ◽

Total Asset ◽

Working Capital ◽

Return On Assets ◽

Return On Equity ◽

Negative Results ◽

Operating Margin ◽

Asset Turnover ◽

Operating Leverage

This study examined the effect of cost, productivity of assets and capital structure of an automotive company's profitability. This study focuses on the productivity of assets which include factors such as operating leverage, sales, inventory turnover, net working capital, liquidity, receivable collection, fixed asset ratio, and total asset turnover. Capital Structure includes the degree of financial leverage. Profitability factor in this study includes operating margin, return on assets and return on equity. Sample used are 45 automotive industry companies who have registered and still active until December 31, 2009. The statistical methods used in this research are classical assumption test, f test and t test. This study indicates that inventory turns, liquidity, receivable collections and, the ratio of fixed assets have a negative outcome to the total asset turnover, while net working capital has a positive outcome. Operating margin and total asset turnover both have positive values that have an impact on return on assets. Capital structure and degree of operating leverage both have negative results on the turnover of capital, while return on assets have positive results.

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Working Capital Management and Firm Performance: Evidence from Non-Financial Firms in Pakistan

Asian Journal of Empirical Research ◽

10.18488/journal.1007/2019.9.2/1007.2.27.37 ◽

2019 ◽

Vol 9 (2) ◽

pp. 27-37

Author(s):

Mohsin Siraj ◽

Muhammad Mubeen ◽

Salman Sarwat

Keyword(s):

Inventory Management ◽

Stock Exchange ◽

Capital Management ◽

Working Capital ◽

Return On Assets ◽

Working Capital Management ◽

Return On Equity ◽

Financial Firms ◽

Asset Growth ◽

The Impact

This study analyzes the effects of Working Capital management i.e. inventory management, receivable management and payable management, on the performance of the non-financial firms in Pakistan. Panel data of 280 nonfinancial firms enlisted in Pakistan Stock Exchange have been analyzed from 2000 to 2016. Firms’ profitability were proximate with return on assets and return on equity; whereas for growth i.e. sales growth and asset growth were used. The impact of Working Capital management is captured through its constituent policies such as Inventory management, Receivable Management and Payable management. Firm size, liquidity and leverage are used as control variables. Results suggest that Working Capital management has a significant impact on firms’ financial performance in terms of profitability, as well as growth. As far as component wise results are concerned, inventory management does influence the firms’ growth and Payable management significantly, hence affecting the firms’ profitability. However, only receivable management influences both profitability and growth.

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Analisis Kinerja Keuangan Perusahaan Sektor Pertambangan Antara PMA dan PMDN Di Bursa Efek Indonesia

MBIA ◽

10.33557/mbia.v18i1.141 ◽

2019 ◽

Vol 18 (1) ◽

pp. 1-17

Author(s):

Ismi Fadillah ◽

Abdul Basyith

Keyword(s):

Financial Performance ◽

Activity Ratio ◽

Total Sample ◽

Foreign Firms ◽

Multiple Regression Equation ◽

Return On Assets ◽

Return On Equity ◽

Domestic Firms ◽

Equity Ratio ◽

The Impact

This study aims to compare the financial performance between foreign and domestic mining firms in Indonesia for a period of 2012-2016. Not only comparing the financial performance, this study is also aimed at analyzing the impact of liquidity ratio, solvability ratio and activity ratio on financial performance and at analyzing which ratio provides the highest contribution on the financial performance of foreign and domestic mining firms in Indonesia for a period of 2012-2016. The total sample employed is 15 foreign firms (PMA) and 15 domestic firms (PMDN). The independent variable used is liquidity ratio, solvability ratio and activity ratio in which each proxies used are current ratio (CR), debt to equity ratio (DER) dan total assets turnover (TATO). Meanwhile the dependent variable used is profitability ratio in which proxies used are return on assets (ROA) dan return on equity (ROE). The analysis technique used in this study is independent samples t-test and multiple regression equation. The results reveal that: (1) There is no significance difference of variance value for all variables (CR, DER, TATO, ROA dan ROE) between foreign and domestic firms; (2) Apart from CR, TATO, ROA and ROE, only debt to equity ratio (DER) shows a significance difference for foreign and domestic firms; (3) CR, DER, TATO, ROA and ROE for foreign firms is better than domestic firms; (4)Ccurrent ratio (X1), debt to equity ratio (X2), and total assets turnover (X3) have a positive and significant impact simultaneously on the financial performance for both return on assets (ROA) and return on equity (ROE) for foreign and domestic firms; (5) Total assets turnover (X3) is the only variable providing the highest contribution to the improvement of financial performance for both return on assets and return on equity for foreign and domestic firms.

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The Impact of Working Capital, Return on Assets and Return on Equity on Corporate Income Tax

Journal of Accounting Auditing and Business ◽

10.24198/jaab.v2i2.22668 ◽

2019 ◽

Vol 2 (2) ◽

Author(s):

Nikke Yusnita Mahardini

Keyword(s):

Income Tax ◽

Stock Exchange ◽

Financial Statements ◽

Total Sample ◽

Corporate Income Tax ◽

Working Capital ◽

Return On Assets ◽

Return On Equity ◽

The Impact ◽

Capital Return

This study aims to examine the effect of working capital, return on assets, and return on equity on corporate income tax. The population of this study is mining companies and the total sample was involved is thirty-six companies. The data used in the study is in the form of financial statements obtained from the Indonesia Stock Exchange (IDX). The data analysis method used in this study is the multiple regression analysis. Results of the study indicate that working capital significantly influences corporate income tax. Meanwhile, Return on Asset and Return on Equity are not significant to explain the variance of corporate income tax. Simultaneously, working capital, Return on Assets and Return on Equity as a function of corporate income tax were found significant

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ANALISIS PENGARUH TATO, WCTO, DAN DER TERHADAP NILAI PERUSAHAAN DENGAN ROA SEBAGAI VARIABEL INTERVENING (Studi pada Perusahaan Manufaktur yang Terdaftar di Bursa Efek Indonesia Periode Tahun 2009-2013)

JURNAL STUDI MANAJEMEN ORGANISASI ◽

10.14710/jsmo.v13i1.13411 ◽

2016 ◽

Vol 13 (1) ◽

pp. 28

Author(s):

Rahmawati Budi Utami ◽

Prasetiono Prasetiono

Keyword(s):

Regression Analysis ◽

Multiple Regression Analysis ◽

Indirect Effect ◽

Firm Value ◽

Sampling Method ◽

Stock Exchange ◽

Manufacturing Companies ◽

Working Capital ◽

Asset Turnover ◽

Equity Ratio

The aims of this research is to examine the direct effect and indirect effect of Total AssetTurnover, Working Capital Turnover, Debt to Equity Ratio on Firm Value with ReturnOn Asset as an intervening variable.This research sample is manufacturing companies listed in the Indonesia Stock Exchange(IDX) period 2009-2013 by using purposive sampling method. There are 64manufacturing companies selected as sample. The method of analysis used is PathAnalysis, the development of multiple linear regression.Using multiple regression analysis, it is known that TATO has positive significant effecton ROA. WCTO and DER has negative significant effect on ROA. TATO has positive notsignificant effect on Firm Value. WCTO has negative significant effect on Firm Value.DER and ROA has positive significant effect on Firm Value. The result of path analysisshowed that TATO influence Firm Value through ROA. Besides, it was found that thevalue of the adjusted R square for the equation ROA is 25,3% while the value of theadjusted R square for the equation PBV is 39,7%.Keywords: Total Asset Turnover (TATO), Working Capital Turnover (WCTO), Debt toEquity Ratio (DER), Return On Asset (ROA), Firm Value

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THE EFFECTS OF ROA, ROE, NPL, AND OPERATING EXPENSES TO OPERATING REVENUES ON STOCK RETURN AT COMMERCIAL BANKS IN INDONESIA

Jurnal Aplikasi Manajemen ◽

10.21776/ub.jam.2020.018.04.09 ◽

2020 ◽

Vol 18 (4) ◽

pp. 704-711

Author(s):

Yusuf Iskandar ◽

Keyword(s):

Regression Analysis ◽

Multiple Regression Analysis ◽

Stock Returns ◽

Multiple Regression ◽

Commercial Banks ◽

Stock Return ◽

Stock Exchange ◽

Financial Ratios ◽

Return On Assets ◽

Return On Equity

Stock return is one indicator to show the performance of banks in Indonesia. This study aimed to empirically examine the effect of return on assets (ROA), return on equity (ROE), non-performing loans (NPL), and operating expenses to operating revenues on stock returns on commercial banks listed on the Indonesia Stock Exchange (IDX) years 2016-2018. For this reason, as many as 15 banks that meet the criteria were taken as samples in this study. The collected data were then analyzed using multiple regression analysis to test the proposed hypotheses. Several findings in this study indicated that each element, namely returns on assets, return on equity, non-performing loans, and operating expenses to operating revenues, respectively, had a significant effect on stock returns. Based on these findings, it was recommended that banking companies could manage financial ratios optimally to maximize stock return.

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