Abstract
Financial ratio analysis is considered important in recent years. This paper raises theproblem by questioning whether the financial ratio analysis can be used to predict thechange in profit in Real Estate and Property Companies registered in the BEI and SGX. It isalso requested whether there are differences in financial ratio analysis to predict changes inprofit in Real Estate and Property companies between BEI and SGX. The purpose of thisstudy to provide empirical evidence concerning the effect of financial ratio analysis forpredicting changes in income and whether there are differences in financial ratio analysis inpredicting changes that affect company profits on real estate and property in BEI and SGX.To test the hypothesis in this study, the research uses Multiple Linear Regression Method andChow Test with a significance level of 0.05. it can be generalized that the current ratio andprofit margin have a significant effect in predicting earnings changes in real estate andproperty companies in BEI. Turnover of total assets and profit margins have a significanteffect in predicting earnings changes in real estate and property companies in SGX. And, thechow test can be concluded that there are differences that affect the financial ratio analysisin predicting earnings changes in real estate and property companies in BEI and SGX
Highlights
Financial ratio analysis is considered important in recent years
This paper raises the problem by questioning whether the financial ratio analysis can be used to predict the change in profit
Property Companies registered in the Bursa Efek Indonesia (BEI)
Summary
Property yang terdaftar di Bursa Efek Indonesia dan Singapura. Pengambilan sampel dilakukan dengan cara purposive sampling yaitu pengambilan sampel berdasarkan kriteria-kriteria tertentu dari peneliti. Kriteria-kriteria tersebut yaitu : (1) Perusahaan Real Estate dan Property telah mempublikasikan laporan keuangan per 31 Desember pada tahun 2004-2008 untuk variabel independen dan 2005-2009 untuk variabel dependen. Laporan per 31 Desember merupakan laporan yang telah diaudit, sehingga laporan keuangan tersebut dapat dipercaya. Pengukuran Variabel Variabel yang digunakan dalam penelitian ini adalah Perubahan Laba (Dependen) dan rasio-rasio keuangan (Independen) yang terdiri dari : Perubahan Laba (Variabel Dependen) Indikator perubahan laba yang digunakan dalam penelitian ini adalah laba sebelum pajak. Penggunaan laba sebelum pajak sebagai indikator perubahan laba dimaksud untuk menghindari pengaruh penggunaan tarif pajak yang berbeda atar periode yang digunakan dalam menganalisa. Perubahan laba dapat diterjemahkan dengan rumus sebagai berikut: ΔYit. Rasio ini mengukur kemampuan perusahaan memenuhi hutang jangka pendeknya dengan menggunakan aktiva lancar (aktiva yang akan berubah menjadi kas dalam waktu satu tahun atau satu siklus bisnis).
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