scholarly journals The Effect of Liquidity and Total Asset Turnover on Profitability: Research Study n Pharmaceutical Companies in Indonesia Stock Exchange

2021 ◽  
Vol 5 (2) ◽  
pp. 444
Author(s):  
Jocelyn Rajagukguk ◽  
Harlyn Siagian
Keyword(s):  
Financial Performance ◽  
Research Study ◽  
Stock Exchange ◽  
Negative Relationship ◽  
Total Asset ◽  
Pharmaceutical Companies ◽  
Significant Negative Relationship ◽  
Negative Effect ◽  
Asset Turnover ◽  
The Given

Management companies will seize opportunities in order to improve financial performance. To measure the financial performance it will need the tool to measure it. Profitability ratio is a ratio to assess the company's ability to seek profit. And in this research it stated that liquidity and total asset turnover can affected profitability. The population of this study uses data from pharmaceutical companies listed on the Indonesia Stock Exchange in 2015-2019. So, it has 9 companies according to the given category. In total there are 45 samples used in this research. The result of this research are that liquidity has a negative effect on profitability, and so the total assets turnover on profitability. Simultaneously, liquidity and total asset turnover have a significant negative relationship to profitability.

scholarly journals Analysis On The Influence Of Current Ratio, Debt to Equity Ratio and Total Asset Turnover Toward Return On Assets On The Otomotive and Component Company That Has Been Registered In Indonesia Stock Exchange Within 2011-2017

2020 ◽  
Vol 1 (1) ◽  
pp. 36-44 ◽  
Author(s):  
Mimelientesa Irman ◽  
Astri Ayu Purwati
Keyword(s):  
Financial Performance ◽  
Stock Exchange ◽  
Linear Regression Analysis ◽  
Multiple Linear Regression Analysis ◽  
Total Asset ◽  
Return On Assets ◽  
Current Ratio ◽  
Negative Effect ◽  
Asset Turnover ◽  
Equity Ratio

A good company can be seen from the level of return on assets invested, and it affects the interest of an investor to invest in. But the high or low level of profit can be influenced by the financial performance of one of the financial performance is the Current Ratio, Debt to Equity Ratio, and Total Asset Turnover.  Therefore, a study was conducted to find out whether the Current Ratio, Debt to Equity Ratio, and Total Asset Turnover had an effect on Return On Assets in Automotive and Component companies listed on the Indonesia Stock Exchange for the period 2011-2017. The study population consisted of 12 companies selected by purposive sampling. Financial report data is obtained from the Indonesia Stock Exchange (IDX).  The data analysis technique used is multiple linear regression analysis with SPSS 19.0 and SMART PLS 2019 application tools. The results obtained from this study are the Current Ratio which has a significant effect on Return On Assets, Debt to Equity Ratio has a not significant negative effect on Return On Assets, and Total Asset has a significant positive effect on Return On Assets.

scholarly journals Financial Performance of Iranian Banks from 2013 to 2019: A Panel Data Approach

2021 ◽  
Vol 14 (6) ◽  
pp. 257
Author(s):  
Pejman Ebrahimi ◽  
Maria Fekete-Farkas ◽  
Parisa Bouzari ◽  
Róbert Magda
Keyword(s):  
Financial Performance ◽  
Inflation Rate ◽  
Banking Sector ◽  
Stock Exchange ◽  
Screening Method ◽  
Negative Relationship ◽  
Statistical Population ◽  
Explanatory Variables ◽  
Significant Negative Relationship ◽  
Research Population

It is widely believed that the financial system is dependent on the banking industry, and its strength and development are vital for economic prosperity. This paper tried to show the financial performance of Iranian banks listed on the Tehran Stock Exchange (TSE) during 2013–2019, as the research population. The statistical population included 18 banks listed on the TSE from 2013 to 2019, which were sampled using a screening method. The results indicated a significant relationship between explanatory variables of capital ratio and the financial performance of banks in all models. However, a significant negative relationship was found between the inflation rate and the financial performance of banks in all models. Furthermore, it seems that banks with high asset strength are more profitable than the others. Regulators should guarantee that banks remain highly capitalized for a viable banking sector in Iran.

scholarly journals PENGARUH DEBT TO EQUITY RATIO BEFORE (DERB) TERHADAP TOTAL ASSET TURN-OVER (TATO) DAN RETURN ON ASSET (ROA) PADA PERUSAHAAN PERTAMBANGAN BATUBARA YANG TERDAFTAR DI BURSA EFEK INDONESIA PERIODE 2013 - 2018

2021 ◽  
Vol 10 (2) ◽  
pp. 53
Author(s):  
Mohamad Nuhnaradita Saleh ◽  
Saladin Ghalib ◽  
Suyatno Suyatno
Keyword(s):  
Capital Structure ◽  
Stock Exchange ◽  
Mediation Effect ◽  
Total Asset ◽  
Return On Assets ◽  
Negative Effect ◽  
Asset Turnover ◽  
Equity Ratio ◽  
Operational Activities ◽  
Turn Over

Coal mining companies require large investments to carry out their operational activities. This large investment must be accompanied by a solvable capital structure policy. A solvable capital structure supports the company in carrying out efficient asset turnover activities and obtaining ever-growing profitability.This study aims to analyze the causality relationship of Debt to Equity Ratio Before to Total Asset Turn-Over, and Return On Asset. This research is an explanatory study of causality with a quantitative approach. This study considers the principle of going concern and agency theory in which in making sustainable financial decisions from year to year there can be differences in interests between the main stakeholders internally. This study involved data from nine coal companies listed on the Indonesia Stock Exchange from 2013 to 2018 which were selected by purposive sampling with the consideration of the availability of data on the variables studied.The results of this study indicate that the debt to equity ratio before directly has a significant negative effect on total asset turnover, but it has no significant effect on return on assets when controlled by total asset turnover. Total asset turnover has a significant positive effect on return on assets, it has a significant fully positive mediation effect on the debt to equity ratio before.In further research, expected to include other variables as independent variables, such as asset structure, include the fractional elements of total asset turnover, for example, current asset turnover and fixed asset management.Keywords: Debt to equity ratio before, total asset turnover, return on asset

scholarly journals Pengaruh Working Capital Turnover, Total Asset Turnover, Asset Growth Dan Sales Growth Terhadap Kinerja Keuangan Perusahaan Consumer Goods Yang Terdaftar Di Bursa Efek Indonesia Selama Tahun 2013-2016

2019 ◽  
Vol 2 (2) ◽  
Author(s):  
Shelly Andelline Dan Indra Widjaja
Keyword(s):  
Financial Performance ◽  
Consumer Goods ◽  
Stock Exchange ◽  
Total Asset ◽  
Sales Growth ◽  
Manufacturing Companies ◽  
Working Capital ◽  
Independent Variables ◽  
Asset Turnover ◽  
Asset Growth

The purpose of this research is to determine the influence of working capital turnover, total asset turnover, asset growth and sales growth partially and simultaneously to the financial performance of consumer goods companies listed on the Indonesia Stock Exchange during the year 2013-2016. The populations in this research are all manufacturing companies of consumer goods industry listed in Indonesia Stock Exchange. Sampling was done by purposive sampling method. Based on the type of data and analysis, this research is quantitative research and the data source used is secondary data. Data collection method used is direct observation method. Based on multiple linear regression test, it can be concluded that working capital turnover, total asset turnover influence to financial performance while asset growth and sales growth have no influence to financial performance. Simultaneously, the four independent variables significantly influence the financial performance. Based on the coefficient of determination can be concluded that the four independent variables affect the financial performance by 92.65%.

scholarly journals CORPORATE SOCIAL RESPONSIBILITY DAN EARNINGS MANAGEMENTS: SUDUT PANDANG STAKEHOLDER THEORY

2020 ◽  
Vol 9 (2) ◽  
pp. 139-149
Author(s):  
Novi Kantasilo Tan ◽  
Permata ayu Widyasari ◽  
Maria Eugenia Hastuti
Keyword(s):  
Corporate Social Responsibility ◽  
Social Responsibility ◽  
Earnings Management ◽  
Stock Exchange ◽  
Negative Relationship ◽  
Linear Regression Method ◽  
Manufacturing Companies ◽  
Significant Negative Relationship ◽  
Negative Effect ◽  
Corporate Social

This study aims to examine the effect of corporate social responsibility on earnings management. Earnings management, as the dependent variable, is proxied by discretionary accruals (DACC). While corporate social responsibility, as an independent variable, is measured by adjusted GRI standards. This study uses sample manufacturing companies listed on the Indonesia Stock Exchange during the period 2012-2016. The number of samples used in this study amounted to 423. The findings, based on the linear regression method, indicate that corporate social responsibility has a significant negative effect on earnings management.  To conform to the result, a robustness test was performed and found a significant negative relationship between dummy corporate social responsibility and earnings management. Dummy 1 for the company which disclose CSR above average, 0 for the company disclose CSR below average. So it can be concluded that the company that focuses on corporate social responsibility has lower earnings management. For leverage, size, and ROA, as control variables, showed no significant effect on earnings management.

scholarly journals PENGARUH TOTAL ASSET TURNOVER (TATO) DAN DEBT TO EQUITY RATIO (DER) TERHADAP HARGA SAHAM DENGAN PROFITABILITAS SEBAGAI INTERVENING VARIABLE (SURVEY PADA PERUSAHAAN MANUFAKTUR SUB SEKTOR MAKANAN DAN MINUMAN YANG TERDAFTAR DI BURSA EFEK INDONESIA TAHUN 2012

2020 ◽  
Vol 7 (1) ◽  
pp. 102-110
Author(s):  
Sarif Hidayat
Keyword(s):  
Stock Prices ◽  
Stock Price ◽  
Stock Exchange ◽  
Secondary Data ◽  
Share Price ◽  
Total Asset ◽  
Manufacturing Companies ◽  
Negative Effect ◽  
Asset Turnover ◽  
Equity Ratio

This study aims to determine the effect of Total Asset Turnover (TATO) and Debt to Equity Ratio (DER) on Share Prices with Profitability as Intervening Variables in Food and Beverage Sub-Sector Manufacturing Companies Listed on the Indonesia Stock Exchange (IDX). Where Profitability used in the study is Return on Assets (ROA). This study uses secondary data, which is in the form of financial reports obtained from the Indonesia Stock Exchange (IDX) website. The samples used were 6 companies from 17 populations in 2012-2017 in the selection of samples conducted by purposive sampling. The statistical method used is panel data path analysis. The results showed that Total Asset Turnover (TATO) directly had a significant negative effect on Stock Prices. Likewise, the Debt To Equity Ratio (DER) directly has a significant positive effect on stock prices. While indirectly the Total Asset Turnover (TATO) mediated by Profitability affects the Stock Price. Meanwhile, indirectly the Debt To Equity Ratio (DER) mediated by Profitability has no effect on the Share Price.

scholarly journals Financial Liquidity, Asset Management and Financial Performance in Indonesia Listed Companies

2021 ◽  
Vol 8 (2) ◽  
Author(s):  
Mohammad Arief
Keyword(s):  
Capital Structure ◽  
Financial Performance ◽  
Asset Management ◽  
Stock Exchange ◽  
Listed Companies ◽  
Total Asset ◽  
Manufacturing Companies ◽  
Current Ratio ◽  
Asset Turnover ◽  
Equity Ratio

This study aims to examine the effect of liquidity, asset management, cash turnover and capital structure on financial performance in manufacturing companies listed on the Indonesia Stock Exchange. The research was conducted with a quantitative research approach. This type of research is descriptive research. The populations in the study as many as 159 companies and the number of samples of 85 manufacturing companies are listed on the Stock Exchange Indonesia. The variables related to this research are liquidity (current ratio), asset management (total asset turnover), cash turnover, capital structure (debt to equity ratio) and Return on Asset. The research method used is the classical assumption test method and multiple linear regression analysis. The results showed that partially liquidity (current ratio) had a significant effect on Return on Asset, Asset Management (total asset turnover) had a significant effect on Return on Asset, and Cash Turnover (debt to equity ratio) had no significant effect. Return on Asset and Capital Structure have no significant effect on Return on Asset (ROA). Simultaneously Liquidity (current ratio), Asset Management (total asset turnover), Turnover Cash (cash turnover) and Capital Structure (debt to equity ratio) affect significantly to the Financial Performance in Indonesia Listed Companies.

scholarly journals ANALYSIS OF INFLUENCE OF QUICK RATIO, TOTAL ASSET TURN OVER, AND DEBT TO EQUITY TO PROFITABILITY (EMPIRICAL STUDIES AT IDX-LISTED MANUFACTURING COMPANIES at 2017-2019)

2021 ◽  
Vol 5 (1) ◽  
pp. 75-88
Author(s):  
Widia Anggraini
Keyword(s):  
Stock Exchange ◽  
Empirical Studies ◽  
Sampling Technique ◽  
Total Asset ◽  
Manufacturing Companies ◽  
Return On Equity ◽  
Negative Effect ◽  
Asset Turnover ◽  
Turn Over ◽  
Positive Effect

Profitability is a tool used to analyze management performance, the level of profitability will describe the company's profit position. Profitability ratio is the ratio used in assessing a company's capacity to earn profits based on its normal business activities. This study aims to determine the effect of the quick ratio, total asset turnover, and debt to equity on profitability. The population of this research is manufacturing companies listed on the Indonesia Stock Exchange (IDX) for the 2017-2019 period. The companies sampled in this study were 34 manufacturing companies listed on the Indonesia Stock Exchange. The sampling technique used by researchers is non probability sampling with purposive sampling technique. This study uses a quantitative approach with data processing using the SPSS 25 for windows application. The results of this study indicate that, (1) the quick ratio has a positive effect on return on equity, this is indicated by a significant value of 0.019 which means less than α = 0.05 with a coefficient value of 2.397. (2) total asset turnover has a positive effect on return on equity, this is indicated by a significant value of 0,000 which means it is smaller than α = 0.05 with a coefficient value of 2.184. (3) debt to equity has a negative effect on return on equity, this is indicated by a significant value of 0.008 which means it is smaller than α = 0.05 with a coefficient value of -2.762.

scholarly journals ANALISIS SISTEM DU PONT SEBAGAI SALAH SATU ALAT UNTUK MENILAI KINERJA KEUANGAN PERUSAHAAN (STUDI PADA PERUSAHAAN PROPERTY REAL ESTATE YANG TERDAFTAR DI BEI TAHUN 2010 - 2014)

2018 ◽  
Vol 1 (1) ◽  
pp. 46
Author(s):  
Liliek Nur Sulistiyo ◽  
Diah Ayu Retno Asih
Keyword(s):  
Real Estate ◽  
Financial Performance ◽  
Stock Exchange ◽  
Profit Margin ◽  
Total Asset ◽  
A Value ◽  
Analysis Technique ◽  
Net Profit ◽  
Asset Turnover ◽  
Analysis System

<p>This study aims to determine how the Du Pont analysis system can be used as a tool to assess the financial performance of Property and Real Estate listed on the Stock Exchange 2010-2014. Du Pont Analysis System is Return On Ivestment (ROI) generated through the multiplication of the advantages of component - component sales as well as the efficient use of total assets in generating profits. The data used in this study was obtained from Companies Condensed Financial Statements Property and Real Estate in 2010 to 2014 issued by each of the companies concerned. The company's sample using purposive sampling, sample worth using as many as five companies. The analysis technique used to assess the financial performance of Property and Real Estate is a method of Du Pont System consists of three steps: (1) Determining the Total Asset Turnover (2) Net Profit Margin (3) Return On Investment (ROI). Based on the analysis using the Du Pont System for Property and Real Estate companies, 5 companies 4 companies which have a value below the average ROI. Analysis showed that the company PT.Ciputra Development Tbk were able to prove the performance of the company to generate profits, the better because it has above-average ROI of the company, ie 5.73%.</p><p><br /><strong>Keywords : Total Asset Turnover, Net Profit Margin, Return Of Investment</strong></p>

PENGARUH INTELLECTUAL CAPITAL TERHADAP KINERJA KEUANGAN PADA PERUSAHAAN BARANG KONSUMSI YANG TERDAFTAR DI BEI TAHUN 2015-2017

2019 ◽  
Vol 3 (2) ◽  
pp. 26
Author(s):  
Niken Ayu Wulandari ◽  
Tegoeh Hari Abrianto ◽  
Edi Santoso
Keyword(s):  
Regression Analysis ◽  
Linear Regression ◽  
Financial Performance ◽  
Intellectual Capital ◽  
Stock Exchange ◽  
Linear Regression Analysis ◽  
Sampling Technique ◽  
Simple Linear Regression ◽  
Return On Equity ◽  
Asset Turnover

This research to analyze and evaluate intellectual capital on financial performance obtained by return on equity, asset turnover and growth in revenue. The population in this study are consumer goods companies listed on the Stock Exchange in 2015-2017. The research sample was received by 21 companies obtained by using purposive sampling technique. The analytical method used is simple linear regression analysis with the SPSS version 20 application and uses the VAICTM method to measure intellectual capital. The results of this study indicate that intellectual capital has a significant effect on financial performance generated by return on equity, but intellectual capital does not have a significant effect on financial performance required by asset turnover and growth in revenue.

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