THE EFFECT OF OPERATING CASH FLOW, NET PROFIT, ROA AND ROE ON STOCK RETURN OF IDX

This research was conducted to determine the effect of Operating Cash Flow, ROA Net Profit and ROE on the movement of Stock Return, data or information obtained through financial statements. And the method of data collection is done with Purposive Sampling there are 21 companies in a period of 3 years, therefore the total sample of this study should be 63 samples. But because the data of this study using outliers then the total sample became 41. Then analyzed using multiple linear regression using SPSS 20 software. From this research, the researchers obtained results, namely: Operating Cash Flow, Net Income, and ROA individually had no significant effect on Stock Return. ROE individually affects and is significant to the Return of Shares. Operating Cash Flow, Net Income, ROA and ROE are simultaneously concurrently and significantly impacted on Stock Return. Keywords: Operating Cash Flow, Net Income, Return on Assets, Return on Equity, Share Return.

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PENGARUH NET PROFIT MARGIN, ARUS KAS OPERASI DAN REPUTASI AUDITOR TERHADAP RETURN SAHAM PADA PERUSAHAAN MANUFAKTUR PERIODE 2014-2017

AJAR ◽

10.35129/ajar.v2i02.79 ◽

2019 ◽

Vol 2 (02) ◽

pp. 1-18

Author(s):

Stefanie Stefanie ◽

Loh Wenny Setiawati

Keyword(s):

Cash Flow ◽

Stock Return ◽

Stock Exchange ◽

Secondary Data ◽

Profit Margin ◽

Net Income ◽

Manufacturing Companies ◽

Net Profit ◽

Operating Cash Flow ◽

Auditor Reputation

Investments are made by investors to get a return. Return is a profit of an investment. Stock Return has a significant effect in determining the value of company’s stock. Investors will be interested to invest in companies with a high return. This research aimed to analysis the effect of net profit margin, operating cash flow and auditor reputation for the period 2014 – 2016 to stock return for the period 2015 – 2017 on manufacturing companies that listed on Indonesia Stock Exchange. Net profit margin is calculated by using net income after tax divided by total net sales for the period from audited financial statements. This research used secondary data which is from financial reports with purposive sampling. Research sample counted 55 manufacturing companies listed in Indonesia Stock Exchange period 2014 – 2017. The results of this research showed that net profit margin and auditor reputation do not have a significant effect on stock return while operating cash flow has a significant effect on stock return.

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RETURN ON ASSET, RETURN ON EQUITY, DAN EARNING PER SHARE BERPENGARUH TERHADAP RETURN SAHAM

E-Jurnal Manajemen Universitas Udayana ◽

10.24843/ejmunud.2020.v09.i03.p13 ◽

2020 ◽

Vol 9 (3) ◽

pp. 1069

Author(s):

Ni Putu Alma Kalya Almira ◽

Ni Luh Putu Wiagustini

Keyword(s):

Linear Regression ◽

Stock Returns ◽

Stock Return ◽

Stock Exchange ◽

Total Sample ◽

Significant Positive Effect ◽

Return On Assets ◽

Asset Return ◽

Return On Equity ◽

Positive Effect

This study aims to determine the effect of Return on Assets, Return on Equity, and Earning Per share on stock returns in the Food and Baverage companies on the Indonesia Stock Exchange in the period 2015-2018. The population used in this study is the Food and Baverages Sub-sector company. This study uses saturated sampling (census) with a total sample of 13 companies. Multiple linear regression is a method used to analyze the data in this study. The results showed that Return on Assets, Return on Equity and Earning per Share had a significant positive effect on stock returns. Keywords: Return on Asset, Return on Equity, Stock Return, Dan Earning Per Share

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ANALISIS PENGARUH ARUS KAS TERHADAPPROFITABILITAS PADA PT MAYORA INDAH TBK

JIAFE (Jurnal Ilmiah Akuntansi Fakultas Ekonomi) ◽

10.34204/jiafe.v2i1.533 ◽

2016 ◽

Vol 2 (1) ◽

pp. 1-15

Author(s):

Hendro Sasongko ◽

Dewi Apriani

Keyword(s):

Data Analysis ◽

Linear Regression ◽

Cash Flow ◽

Hypothesis Test ◽

Flow Analysis ◽

Financial Statements ◽

Total Sample ◽

Cash Flows ◽

Test Results ◽

Operating Cash Flow

This study aims to determine whether the cash flows either partially or simultaneously affect the profitability (ROA) at PT Mayora Indah Tbk 2010-2014. Research on the cash flow analysis of the effect on profitability. This type of research is a correlational study with a total sample of 10 per six months in the financial statements at PT Mayora Indah Tbk during the period 2010-2014. The process of data analysis done first is the classic assumption test before hypothesis test. Statistical method used is multiple linear regression using SPSS. The results showed that cash flow is comprised of operating cash flow, cash flow investing and financing cash flows simultaneously there is no significant effect on profitability (ROA). Partial test results show that the variable operating cash flow, cash flow investing and financing cash flow is not a significant influence on profitability (ROA).Keywords: operating cash flow, investing cash flows, financing cash flow and profitability (ROA).

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Twenty-one years without monetary correction in Brazil: impacts on the comparability of the accounting information of siderurgical and metallurgical companies

Revista Contabilidade & Finanças ◽

10.1590/1808-057x201805790 ◽

2018 ◽

Vol 29 (78) ◽

pp. 355-374

Author(s):

Wellington Rodrigues Silva Souza ◽

Marcos Peters ◽

Aldy Fernandes da Silva ◽

Maria Thereza Pompa Antunes

Keyword(s):

Balance Sheet ◽

Financial Statements ◽

Financial Accounting ◽

Net Income ◽

Negative Effects ◽

Statistical Parameters ◽

Return On Assets ◽

Balance Sheets ◽

Return On Equity ◽

Accounting Recognition

Abstract The purpose of this study was to empirically verify the existence or not of a distortion in the comparability of information when inflationary effects are omitted from financial statements. Although inflation has been under control in Brazil since the Plano Real, with indices well below those recorded in the 1980s and 1990s, discussing the need for accounting recognition of the effects of inflation remains an extremely relevant and pertinent issue in light of the proposal of accounting to produce faithful information that closely reflects the economic reality in which organizations operate. The results of the research show that financial accounting has been directly affected by the omission of inflationary effects in financial statements, drawing attention to the negative effects this has caused on the quality of the information produced. In order to operationalize the research, the Balance Sheet Monetary Correction (BSMC) was applied to the balance sheets of Brazilian companies from the siderurgical and metallurgical sector listed on the BM&FBOVESPA in the period from 1996 to 2016. Based on the variables net income, return on equity (ROE), and return on assets (ROA), and two conceptual axes of comparability (between entities and between periods), the statistical parameters were developed and the hypotheses were defined, which were tested using the Student t parametric test. This article shows the damage caused to the decision-making process of the external users for whom financial statements are intended when these are prepared neglecting the effects of inflation. This is verifiable through the analyses of the results obtained, including the observation of significant distortions between the means of the corrected indicators and the means of the historical indicators, such as in the case of net income in 2001, 2002, 2012, 2013, 2014, and 2016 (33.98%, 91.92%, -65.54%, -30.01%, -53.59%, and 26.30% variation, respectively), of ROE (-67.16%, -61.43%, -53.06%, -63.46%, -133.81%, and 65.00% variations in 2008, 2009, 2010, 2011, 2014, and 2015, respectively), and of ROA (-26,70%, -41.14%, -33,34%, -43,49%, 98,83%, and -413,68% in 2005, 2009, 2010, 2011, 2012, and 2014, respectively).

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FACTORS AFFECTING OPERATING CASH FLOW TO STOCK RETURN THROUGH STOCK PRICE

JMBI UNSRAT (Jurnal Ilmiah Manajemen Bisnis dan Inovasi Universitas Sam Ratulangi). ◽

10.35794/jmbi.v5i2.20807 ◽

2018 ◽

Vol 5 (2) ◽

Author(s):

Aprih . Santoso

Keyword(s):

Stock Returns ◽

Cash Flow ◽

Stock Prices ◽

Stock Price ◽

Stock Return ◽

Stock Exchange ◽

Sampling Technique ◽

Financial Statements ◽

Manufacturing Companies ◽

Operating Cash Flow

Abstract : Companies need funds in order to carry out operations such as the financing of production activities, pay employees, pay other expenses related to the operation of the company. One way to obtain these funds is to attract investors to invest in companies in the form of stock, but in making this investment is certainly not easy for investors, because investors need consideration beforehand to find out how the company's performance. The purpose of this study was to examine and analyze the effect of operating cash flow to stock return through stock price at companies listed on the Stock Exchange Year 2012-2015. The data used in this study dala are secondary data from the financial statements of companies listed on the Indonesia Stock Exchange period 2012 - 2015. The data are in the form of financial statements can be obtained from the Indonesian Capital Market Directory (ICMD), the IDX website www.idx.co. id as well as from various other sources to support this research. The population in this research is manufacturing companies listed on the Stock Exchange the period 2012 - 2015. The samples taken by the sampling technique used purposive sampling.From the test results and analysis of the data it can be concluded that operating cash flow directly and indirectly has no effect on stock returns through stock prices showed no significant results. Keywords : Operating Cash Flow, Stock Price, Stocks Return

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A Probability Model For Earnings Restatement

Journal of Business & Economics Research (JBER) ◽

10.19030/jber.v10i11.7358 ◽

2012 ◽

Vol 10 (11) ◽

pp. 593

Author(s):

Abdoulaye Dabo ◽

Judith A. Laux

Keyword(s):

Cash Flow ◽

Probability Model ◽

Net Income ◽

Turnover Rates ◽

Font Size ◽

Return On Assets ◽

Earnings Restatements ◽

Accounts Receivable ◽

Earnings Restatement ◽

Operating Cash Flow

Given their prevalence in recent years, earnings management and financial restatements have been at the center of much of the discussion surrounding corporate malfeasance. This study builds a probability model for predicting the likelihood of earnings restatements by analyzing the trends in and the deviations from the industry averages of the return on assets, accounts receivable turnover, net profit margin, and operating cash flow to net income measures. Data are obtained for a sample of 104 firms (restating as well as non-restating) for the 2000 to 2001 period. The results suggest that deviations from the industry average of the accounts receivable turnover and the variability in the cash flow to net income provide good barometers for detecting fraudulent accounting. Potential restating firms have higher accounts receivable turnover rates than their industry counterparts and downward trends in their cash flow to net income, so an increase (decrease) in the accounts receivable turnover (operating cash flow to net income) significantly increases the likelihood of a restatement, at least in the current study.

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Analisis Faktor-faktor yang Mempengaruhi Return Saham pada Perusahaan Makanan dan Minuman (Food and Beverages) yang Terdaftar di Bursa Efek Indonesia (BEI) Tahun 2015 - 2018

Jurnal Manajemen Bisnis dan Kewirausahaan ◽

10.24912/jmbk.v5i1.10450 ◽

2021 ◽

Vol 5 (1) ◽

pp. 62

Author(s):

Junnei Liuspita ◽

Indra Widjaja

Keyword(s):

Stock Return ◽

Explanatory Power ◽

Profit Margin ◽

Linear Regression Method ◽

Return On Assets ◽

Return On Equity ◽

Independent Variables ◽

Net Profit ◽

Food And Beverage ◽

Equity Ratio

This research aims to find out the influence of Return on Assets (ROA), Return on Equity (ROE), Net Profit Margin (NPM), Debt to Equity Ratio (DER), Earning Per Share (EPS) on the stock return of food and beverage companies listed in the Indonesia Stock Exchange for the period 2015 to 2018. The research sample consists of 13 companies, that were selected by using a purposive technique sampling method for the period of 2015-2018. The method to analyse the research questions was by using the statistical method of multiple linear regression method. The result found that Return on Assets (ROA), Return on Equity (ROE) have significant influences on the stock return. Whilst aNet Profit Margin (NPM), Debt to Equity Ratio (DER), and Earning Per Share (EPS) partially don’t have significant influence. The coefficient determination of this model was found to be about only 28,17%. This suggests that the five independent variables underestimated have a lack of explanatory power of the stock return of food and beverage companies. Hence, further studies to seek other independent variables in the model are suggested to improve the model underestimated. Tujuan dari penelitian ini adalah untuk mengetahui pengaruh Return on Assets (ROA), Return on Equity (ROE), Net Profit Margin (NPM), Debt to Equity Ratio (DER), Earning Per Share (EPS) terhadap return saham perusahaan makanan dan minuman yang terdaftar di Bursa Efek Indonesia untuk periode 2015 hingga 2018. Sampel penelitian, terdiri dari 13 perusahaan, dipilih dengan menggunakan metode teknik purposive sampling dengan periode penelitian 2015-2019. Metode untuk menganalisis pertanyaan penelitian adalah dengan menggunakan metode statistik regresi linier berganda. Hasil penelitian menemukan bahwa, Return on Assets (ROA), Return on Equity (ROE), secara parsial berpengaruh signifikan terhadap return saham. Sementara Net Profit Margin (NPM), Debt to Equity Ratio (DER), Earning Per Share (EPS) secara parsial tidak memiliki pengaruh yang signifikan. Koefisien determinasi model ini hanya 28,17%. Ini menunjukkan bahwa kelima variabel independen tersebut memiliki kurangnya pengaruh terhadap harga saham perusahaan makanan dan minuman. Oleh karena itu, penelitian lebih lanjut untuk mencari variabel independen lain yang dapat meningkatkan pengaruh terhadap harga saham yang tidak diestimasi dalam model ini.

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ANALISIS PENGARUH RASIO PROFITABILITAS TERHADAP HARGA SAHAM PERUSAHAAN YANG TERCANTUM DALAM INDEKS LQ45

Jurnal Fokus Manajemen Bisnis ◽

10.12928/fokus.v5i2.1628 ◽

2020 ◽

Vol 5 (2) ◽

pp. 218

Author(s):

Haidar Abdullah ◽

Salamatun Asakdiyah

Keyword(s):

Stock Price ◽

Stock Exchange ◽

Secondary Data ◽

Total Sample ◽

Profit Margin ◽

Coefficient Of Determination ◽

Return On Assets ◽

Return On Equity ◽

Net Profit ◽

Profitability Ratios

This study aimed to examine the effect of profitability ratio on stock price of companies listed in LQ45 index in Indonesia Stock Exchange (BEI). Profitability ratios here in include Net Profit Margin (NPM), Return on Assets (ROA), Return on Equity (ROE), and Eearning Per Share (EPS). This study was conducted to assess the financial performance of the company to generate earnings from an investment.This study uses secondary data. The population in this study is the companies included in the LQ45 index from 2010-2013 amounting to 78. The total sample is 16 companies belonging to and representing several sectors including the financial sector companies, automotive, property, plantation, infrastructure, mining, industrial cement, as well as the consumer goods industry are consistently incorporated in the four observation period 2010-2013 in LQ45 index that has been determined through purposive sampling method. Method of hypothesis testing using Classical Assumption Test, Regression, t test, F test, and the coefficient of determination by alpha (α) of 5%.Regression analysis showed that in partial Net Profit Margin (NPM), Return on Assets (ROA) and Return On Equity (ROE) significantly influence the stock price while the variable Eearning Per Share (EPS) has no significant effect on stock price. Simultaneously all variables Net Profit Margin (NPM), Return on Assets (ROA), Return on Equity (ROE), and Eearning Per Share (EPS) have a significant effect on stock price. The value of coefficient of determination (R2) of 0.899, which means that the independent variable Net Profit Margin (NPM), Return on Assets (ROA), Return on Equity (ROE), and Eearning Per Share (EPS) is able to explain the variation of the dependent variable stock price by 89,9%, while the remaining 10.1 % is explained by other variables outside of the variables used in the study.

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ANALISIS RASIO PROFITABILITAS PADA PT. BANK PERKREDITAN RAKYAT CEMPAKA MITRA NAGARI PADANG

10.31219/osf.io/6usfx ◽

2020 ◽

Author(s):

Mega Vernida ◽

Doni Marlius

Keyword(s):

Profit Margin ◽

Net Income ◽

Minimum Standard ◽

Return On Assets ◽

Return On Equity ◽

Rural Credit ◽

Operational Costs ◽

Net Profit

Based on the results of the analysis in the previous chapter, a description of the level of profitability of PT. Cempaka Mitra Nagari Padang Rural Credit Bank during the period 2018-2019 it can be concluded tha t: Return on Assets (ROA) owned by PT. Cempaka Mitra Nagari Padang Rural Credit Bank for 2018-2019 is in an unhealthy position, because it does not meet the BI minimum standard requirements. Return on Equity (ROE) ratio at PT. Cempaka Mitra Nagari Padang Rural Credit Bank for the period 2018-2019 according to unhealthy conditions or can be approved by inefficient banks to obtain net income. Judging from the level of Operational Costs (BOPO) of PT. Cempaka Mitra Nagari Padang Rural Credit Bank in 2018-2019 the bank can manage it well, because it is able to control its operational costs. The level of Net Profit Margin (NPM) in PT. Cempaka Mitra Nagari Padang Rural Credit Bank in the 2018-2019 period changed the increase, meaning that the bank could still ask for a net profit

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Subprime Crisis – A Corporate Acquisition Opportunity?

JABM JOURNAL of ACCOUNTING - BUSINESS & MANAGEMENT ◽

10.31966/jabminternational.v28i2.546 ◽

2021 ◽

Vol 28 (2) ◽

pp. 20

Author(s):

VISHAL SRIVASTAVA ◽

SUNDER RAM KORIVI ◽

DIPASHA SHARMA

Keyword(s):

Cash Flow ◽

Operating Performance ◽

Profit Margin ◽

Subprime Crisis ◽

Return On Assets ◽

Corporate Acquisitions ◽

Return On Equity ◽

Crisis Period ◽

Operating Profit ◽

Operating Cash Flow

Corporate acquisition can be considered as one of the best processes of corporate restructuring. This study is focused to evaluate the post-acquisition operating performance of listed Indian companies (acquirers) which have made acquisitions during subprime crisis period i.e. from FY 2007-08 to FY 2009-10. Paired sample t-test has been used on four operating performance indicators i.e. Return on Equity(ROE), Return on Assets (ROA), Operating Profit margin (OPM) and Operating Cash flow to Net Sales ratio (OCF/Net Sales) to check whether operating performance of acquirers has significantly improved post-acquisition. This study has revealed that there is no significant improvement in firms’ operating performance based on financial parameters i.e. Return on Equity (ROE), Return on Assets (ROA) and Operating Profit Margin (OPM), post corporate acquisitions made during subprime crisis period. The study finds that there was negative impact based on these parameters. Though Operating Cash Flow to Net Sales ratio has improved significantly for the companies which have made acquisition in FY 2007-08 and FY 2008-09 but similar findings could not be achieved for FY 2009-10. This study will find its significance in present scenario wherein corporate acquisitions are seen as the fastest way to achieve growth. Corporate world may derive its growth strategy from this study.

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