PENGARUH RASIO KEUANGAN TERHADAP PERTUMBUHAN LABA PADA INDUSTRI MANUFAKTUR YANG TERDAFTAR DI BURSA EFEK INDONESIA

EFFECT OF FINANCIAL RATIOS ON THE GROWTH OF PROFIT IN MANUFACTURING INDUSTRY LISTED IN INDONESIA STOCK EXCHANGE

Mei Hotma Mariati Munte and Thioly Theresia Sitanggang

MPRA Paper from University Library of Munich, Germany

Abstract: This study uses consumer goods companies as demand for consumer goods is inelastic, which means that the percentage change in the quantity demanded is smaller than the percentage change in the price and demand for consumer goods is not much affected by the economic situation of the country because it includes primary needs or the needs of day-to-day Must be fulfilled. By using the liquidity ratio, solvency, profitability ratios and activity ratios are variables that will be tested influence on earnings growth company. The relationship between these variables can be explained logically, the liquidity ratio if the company has a current ratio (current ratio) is good, then the company is able to pay high cash dividends to investors. The population amounts to 36 and the samples used in this study were 11 companies with criteria (a) The Company manufactures consumer goods that are daily necessities listed on the Stock Exchange that lists the complete data in succession during the study period, (b) the Company generate profits (earnings) in the period 2010-2013, (c) samples Company has published financial statements as of December 31 for the years 2010 to 2013 and has been audited, so that the financial statements are to be believed. The results are (1) Variable current ratio (X1) has a significant effect on earnings growth consumer goods companies. (2) The variable debt ratio (X2) had no significant effect on earnings growth of consumer goods companies. (3) Variable net profit margin (X3) significantly affects the profit growth consumer goods companies. (4) Variable Inventory turnover (X4) significantly affects the profit growth consumer goods companies. (5) Simultaneously, the results of this study indicate that there is a significant relationship between the independent variable current ratio, debt ratio, net profit margin and inventory turnover on the dependent variable labaperusahaan growth of consumer goods listed in the Indonesia Stock Exchange.

Keywords: Current Ratio; Debt Ratio; Net Profit Margin; Inventory Turnover (search for similar items in EconPapers)
JEL-codes: M41 (search for similar items in EconPapers)
Date: 2015-03-19
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Published in STINDO PROFESIONAL 1 ISSN 2243-0536.5(2015): pp. 120-135

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