PENGARUH NET PROFIT MARGIN, DEBT TO EQUITY RATIO DAN TINGKAT SUKU BUNGA TERHADAP NILAI PERUSAHAAN PT. KALBE FARMA TBK TAHUN 2012-2020

2021 ◽  
Vol 22 (3) ◽  
Author(s):  
Elfrida Nurbaitti ◽  
Sunartiyo Sunartiyo
Author(s):  
Sudirman S ◽  
Muhammad Wahyuddin Abdullah ◽  
Muhammad Obie

This study examined the effect of current ratio and debt to asset ratio on net profit margin and stock prices of the sector basic industry and chemicals companies listed on the Indonesia Stock Exchange in the period 2015-2019. The object of research was the stock prices of companies in the Basic Industry and Chemicals sector, which have been published through the official website of the Indonesian capital market. It was used secondary data derived from the monthly statistics, including Current Ratio data, Net Profit Margin, Debt to Asset Ratio, and data on closing prices for the period 2015-2019. In analyzing data, it was used path analysis of secondary data obtained from the basic industry sector financial statements of 60 companies. The company's performance in this sector is considered quite good when seen from the movement of the index value in the last five years. The results show that direct current ratio had a positive and significant effect on the net profit margin, and the debt to equity ratio did not significantly influence the net profit margin. The current ratio has a positive and significant effect on stock prices, and the debt to equity ratio has a negative and not significant effect on stock prices. In contrast, the net profit margin has a significant effect on stock prices in the basic industry sector companies on the Indonesia Stock Exchange. Indirectly the current ratio has a positive and significant effect on stock prices. In contrast, the debt to asset ratio has a negative and not significant effect on the company's stock prices in the basic industry sector on the Indonesia Stock Exchange.


MANAJERIAL ◽  
2018 ◽  
Vol 1 (1) ◽  
pp. 14
Author(s):  
USWATUL KARIMAH

This research performed in order to test the influence of variabel, Current Ratio (CR), Debt to Equity Ratio (DER), Total Assets Turnover (TAT), dan Net Profit Margin (NPM) toward Return on Equity (ROE). Methodology research as the sample used proposive sampling with criteria as (1) Manufacturing companies that listing at JSX who provide financial report year ending 31st December during the observation period 2008 – 2010, well available at JASICA index. (2) Companies must be the listined at the beginning of the period of observation and not on the delisting until the end of the observation period. (3) The financial report include the value of financial ratios to be studied include ROE, CR, DER, TAT, and NPM. (4) At the beginning of the observation period until the end. Total of 23 samples obtained from 131 firms during the observation period of three years in the manufacturing sector. Sample amount as much 69 during the observation period of three years. Data analysis with multi linier regression of ordinary least square and hypotheses test used partial t - test, simultan F – test at level of significance 5%. Empirical evidence show as CR, DER, and TAT to have not significant influence toward ROE of manufacturing companies listing in JSX over period 2008 – 2010 at level of significance >5%. While the rest NPM to have significant influence toward ROE of manufacturing companies listined in JSX over period 2008 – 2010 at level of significance 5%. While, four independent variabel (CR, DER, TAT and NPM) to have significant influence toward ROE at level of significance 5% as 0,000%. Predictable of the four variables toward ROE is 56,9% as indicated by adjusted R square that is 56,9% while the rest 43,1% is affected by other factors is not included into the study model. 


Equity ◽  
2015 ◽  
Vol 18 (1) ◽  
pp. 39
Author(s):  
Taufan Septiawan ◽  
Erna Hernawati

This study was conducted to examine the effect of Earnings Per Share, Net Profit Margin, Debt to Equity Ratio toward Stock Price on manufacturing companies in Indonesia Stock Exchange during the years 2009-2012. The population consists of 36 companies and are used as a sample of 17  ompanies. Sampling technique using purposive sampling method. Data were tested by using multiple regression analysis and hypothesis test with 5% level of confidence. The research results that the variables Earnings Per Share (EPS) and Net Profit Margin (NPM) gives significantly positive effect on Stock Price. The other variables Debt to Equity Ratio is not significantly to Stock Price. We suggest for investors in Indonesia Stock Exchange that paying attention other factors that regards Stock Price because with those information they can make the best decision for their investments


Author(s):  
Herlin Herlin ◽  
Rina Trisna Yanti

ABSTRACTThe purpose of this study is to determine the financial performance of PT. Pegadaian (Persero) Tbk in 2018-2019.The results showed that the total score of financial performance of PT. Pegadaian (Persero) is on an unhealthy interval scale, which is at a total criterion score of 50 - 65 (Minister of BUMN Nomo: Kep-100 / MBU / 2002. These results indicate that the financial performance of PT. Pegadaian (Persero) Tbk using the ratio finance, namely the cash ratio in 2018 obtained a value of 130.1 with a score of 10 and in 2019 a score of 129.1 and a score of 8 (very healthy). Calculation of the current ratio in 2018 with a value of 1.17 and a score of 0, while the year 2019 with a score of 0.39 and a score of 0 (unhealthy). Debt to Equity Ratio in 2018 with a score of 162.4 and a score of 10, while in 2019 the score was 183.2 with a score of 10 (very healthy). Debt to Total Asset Ratio in 2018 with a score of 61.8 and a score of 0, while in 2019 the value was 64.6 with a score of 0 (unhealthy) .The Gros Profit Margin ratio in 2018 shows a value of 31.9 with a score of 8.5 and in 2019 the score is 23.9 and a score of 8.5 (Very Healthy) Net Profit Margin ratio for the year 2018 shows a value of 24.2 with a score of 8.5 and in 2019 a score of 17.5 and a score of 8.5 (Very Healthy). The Return On Investement (ROI) ratio in 2018 scored 11.6 with a score of 8.5 and in 2019 with a score of 17.9 and a score of 8.5 (Very Healthy) and the Return On Equity (ROE) ratio, throughout 2018 with a value of 44.4 and a score of 8.5 and in 2019 with a value of 47.9 and a score of 8.5 (very healthy).Keyword : Ferformance Financial, Financial Ratio


2018 ◽  
Vol 16 (1) ◽  
pp. 37-44
Author(s):  
Sri Astuti Putri Ramdhani ◽  
Maulidyati Aisyah Aisyah

Penelitian ini bertujuan untuk menguji pengaruh faktor-faktor fundamental (return on asset, earning pershare, return on equity, debt to equity ratio dan net profit margin) terhadap harga saham. Populasi pada penelitian ini adalah 43 perusahaan perbankan yang terdaftar di Bursa Efek Indonesia (BEI) tahun 2011-2015. Penelitian inimenggunakan purposive sampling dan mendapatkan sampel sebanyak 19 perusahaan. Teknik pengumpulan data menggunakan metode dokumentasi, yaitu pengambilan data berasal dari dokumen-dokumen perusahaan yang telah dipublikasikan di situs resmi BEI. Analisis data menggunakan regresi linier berganda dengan bantuan software SPSS 23. Hasil analisis menunjukkan bahwa earning per share berpengaruh positif signifikan terhadap harga saham, debt to equity ratio berpengaruh negatif signifikan terhadap harga saham. Sementara itu, return on asset,return on equity dan net profit margin secara parsial tidak berpengaruh terhadap harga saham. Secara bersama-samareturn on asset, earning per share, return on equity, debt to equity ratio dan net profit margin memiliki pengaruh terhadap harga saham perusahaan perbankan.


2020 ◽  
Vol 1 (2) ◽  
pp. 76-87
Author(s):  
Violita Kusdiartini ◽  
Saprudin Saprudin

Perdagangan eceran sebagai bagian dari kegiatan perdagangan besar, memiliki peran yang tinggi dalam penyaluran barang dan jasa didalam aktivitas ekonomi. Tanpa didukung oleh usaha perdagangan besar dan eceran maka kegiatan penyaluran barang menjadi kurang efektif dan efisien. Dengan demikian betapa pentingnya peran perusahaan perdagangan eceran ini. Penelitian ini memiliki tujuan untuk mengetahui apakah terdapat pengaruh signifikan dari Modal Saham dan Utang terhadap Profitabilitas pada perusahaan perdagangan eceran yang terdaftar di Bursa Efek Indonesia (BEI). Sampel yang digunakan adalah sebanyak 5 perusahaan yang terdaftar di BEI selamat tahun 2015-2017. Penelitian ini menggunakan analisis regresi linier berganda dengan bantuan software SPSS for Windows 24.0. Hasil penelitian ini diperoleh bahwa Modal Saham (Rasio Modal / Total Aset) mempunyai pengaruh signifikan terhadap Profitabilitas (Net Profit Margin), sedangkan Utang (Debt To Equity Ratio) tidak berpengaruh signifikan terhadap Profitabilitas (Net Profit Margin). Namun secara simultan Modal Saham dan Utang berpengaruh signifikan terhadap Profitabilitas (Net Profit Margin) pada perusahaan, maka manajemen perlu lebih memperhatikan kekuatan modal serta posisi utang yang dimiliki


2016 ◽  
Vol 7 (2) ◽  
pp. 97
Author(s):  
Alex Saputra ◽  
Dedi Walujadi ◽  
Akhmad Bakhtiar Amin

<p align="center">From the results of hypothesis testing via t test, showed that partial. there is a positive and significant influence Cash Ratio, Debt to Equity Ratio, Return on Equity, Firm Size and Margin Net Proft against Dividends Per Share. From the results of hypothesis testing through F test showed that simultant there is a positive and significant influence Cash Ratio, Debt to Equity Ratio, Return on Equity, Firm Size and Net Proft Margin against Dividends Per Share In this case, the net profit margin as the dominant predictor of positive and significant impact on Dividend Per Share. Because, the acquisition value of the slope or regression coefficient in the net profit margin is the highest value than Slop or regression coefficient on the Cash Ratio, Debt to Equity Ratio, Return on Equity and Firm Size.</p><p> </p><p> </p>


Owner ◽  
2020 ◽  
Vol 4 (1) ◽  
pp. 303
Author(s):  
Rut Br Ginting ◽  
Candra Prima Samosir ◽  
Frisko Priwendamai ◽  
Wenny VAnggeresia Ginting

Penelitian ini bertujuan untuk menguji dan menganalisis bagaimana pengaruh Profitabilitas (Net Profit Margin), Ukuran Perusahaan (Firm Size), Leverage (Debt To Equity Ratio), dan Likuiditas (Cash Ratio) terhadap Kebijakan Dividen pada perusahaaan Trade, Service, and Investment yang terdaftar di Bursa Efek Indonesia periode 2014-2018. Metode penelitian yang digunakan dalam penelitian ini menggunakan metode pendekatan penelitian kuantitatif, jenis penelitian adalah deskriptif kuantitatif, sifat penelitian eksplanatory. Populasi penelitian ini sebanyak 132 perusahaan trade, service, and investment dengan teknik pengambilan sampel purpose sampling berjumlah 21 perusahaan trade, service, and investment yang memenuhi kriteria. Metode analisis data dalam penelitian ini adalah analisis regresi linear berganda dengan uji asumsi klasik. Hasil penelitian ini menunjukkan secara simultan Profitabilitas (Net Profit Margin), Ukuran Perusahaan (Firm Size), Leverage (Debt To Equity Ratio), dan Likuiditas (Cash Ratio)berpengaruh dan signifikan terhadap Kebijakan Dividen pada perusahaan sektor trade, service, and investment yang terdaftar di Bursa Efek Indonesia periode 2014-2018 dengan hasil Fhitung ≥ Ftabel 2,899 ≥ 2,46 dan signifikan 0,026 ≤ 0,05. Secara parsial Ukuran Perusahaan berpengaruh dan tidak signifikan terhadap Kebijakan Dividen, sedangkan Net Profit Margin, Debt To Equity Ratio, dan Cash Ratiotidak berpengaruh dan tidak signifikan terhadap Kebijakan Dividen. Hasil analisis koefisien determinasi diperoleh nilai Adjusted R2 menunjukkan variasi variabel Kebijakan Dividen yang dapat dijelaskan oleh variasi variabel Profitabilitas (Net Profit Margin), Ukuran Perusahaan (Firm Size), Leverage (Debt To Equity Ratio), dan Likuiditas (Cash Ratio) sebesar 3,1% sedangkan sisanya sebesar 96,9% dijelaskan oleh variasi variabel lainnya.


2019 ◽  
Vol 3 (01) ◽  
Author(s):  
Nor Hanisah ◽  
Kartika Hendra Titisari ◽  
Siti Nurlaela

Penelitian ini bertujuan untuk mengetahui apakah ada pengaruh variabel independen (CR, DER, DAR, NPM, ROE, ROA, TAT) terhadap variabel dependen (pertumbuhan laba). Jenis penelitian ini adalah penelitian kuantitatif. Penelitian dilakukan pada perusahaan property dan real estate yang terdaftar di BEI dengan jumlah sampel 23 perusahaan dan jangka waktu 5 tahun yaitu pada tahun 2012-2016. Metode pengambilan sampel yaitu menggunakan metode purposive sampling. Metode analisis data yang digunakan dalam penelitian yaitu meliputi statistik deskriptif, uji asumsi klasik (uji normalitas, uji autokorelasi, uji multikolinearitas, dan uji heteroskedasitas), uji hipotesis (analisis regresi linier berganda, uji t, dan analisis koefisien determinasi (R2)). Berdasarkan hasil pengujian secara parsial debt to asset ratio (DAR), net profit margin (NPM), return on equity (ROE), dan total asset turnover (TAT) berpengaruh terhadap pertumbuhan laba perusahaan sedangkan current ratio (CR), debt to equity ratio (DER), dan return on asset (ROA) tidak berpengaruh terhadap pertumbuhan laba perusahaan. Kata Kunci : Likuiditas, Leverage, Profitabilitas, Aktivitas, dan Pertumbuhan Laba.


2021 ◽  
Vol 2 (5) ◽  
pp. 1441-1448
Author(s):  
Ahmad Solihin ◽  
Afrizal ◽  
Lilik Sulistyowati

This study aims to analyze the joint and partial effect of the price earning ratio, current ratio, net profit margin, and debt to equity ratio variables on the stock prices of companies listed on the LQ-45 Index of the Indonesian Stock Exchange for the 2016-2018 period. The research sample is companies that fall into the LQ-45 stock category, namely 45 companies for the 2016-2018 period using normality, autocorrelation, multicollinearity, and heteroscedasticity tests as classical assumptions using multiple regression analysis methods. The results of the analysis show that the research variable has a significant effect on stock prices in companies in the LQ-45 Index category of the Indonesian stock exchange for the 2016-2018 period and the partial test results show that the price earning ratio variable has no significant effect on stock prices, the current variable ratio and affects stock prices. net profit margin significantly affects stock prices and the debt to equity ratio variable significantly affects stock prices in companies in the LQ-45 Index category of the Indonesian stock exchange for the period 2016 - 2018.


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