Abstract
This study aims to analyze the effect of Current Ratio, Total Asset Turnover, Debt to Equity and Firm Size on Profitability in Manufacturing Companies in the Consumer Goods Industry Sector in 2011-2017. The design of this study is causal associative. The population of this study includes all Manufacturing Companies of the Consumer Goods Industry Sector Listed on the Indonesia Stock Exchange during 2011-2017. Sample selection techniques using purposive sampling method and research data obtained by 20 companies. The data analysis technique is done by using Descriptive Statistical Analysis, Classic assumption test which includes normality test, autocorrelation test, heteroscedasticity test and multicollinearity test, Multiple Linear Regression Test and Model Feasibility Test which include Determination Coefficient Test, T test and F Test. The research results partially show the Current Ratio has a negative and not significant effect on Return on Assets. Total Asset Turnover and company size have a positive and significant effect on Return on Assets, and Debt to Equity Ratio has a negative and significant effect on Return on Assets. But Simultaneously it is known that CR, TATO, DER and Size have a significant effect on ROA.
Highlights
The purpose of this study is to analyze the effect of Current Ratio, Total Asset Turnover, Debt to Equity and Company Size on Profitability either partially or simultaneously
The sample in this study included all Manufacturing Companies of the Consumer Goods Industry Sector Listed on the Indonesia Stock Exchange during 2011-2017
The test method is carried out by Descriptive Statistical Analysis, Classic assumption test consisting of normality test, auto correlation test, heteroscedasticity test and multicollinearity test, Multiple Linear Regression Test and Feasibility Test Model consisting of Determination Coefficient Test, T Test and F Test Results Partial shows that the Current Ratio has no effect on Return on Assets
Summary
Tujuan dari penelitian ini adalah untuk menganalisa pengaruh Current Ratio (CR), Total Asset Turnover (TATO), Debt to Equity (DER) dan Ukuran Perusahaan (Size) terhadap Profitabilitas baik secara parsial maupun simultan. Sejalan dengan penelitian yang dilakukan oleh Barus (2013) yang menunjukan bahwa current ratio tidak berpengaruh secara signifikan terhadap profitabilitas. Sejalan dengan hasil penelitian yang dilakukan oleh Raharjo (2016) menunjukan bahwa Debt to equity ratio berpengaruh secara signifikan terhadap return on asset. Sejalan dengan hasil penelitian penelitian yang dilakukan oleh Yuniarta (2015) menunjukan bahwa ukuran perusahaan berpengaruh positif dan signifikan terhadap profitabilitas. Penelitian yang dilakukan oleh Barus (2013) dengan hasil pengujian secara simultan menunjukan bahwa CR, TATO, DER, DR, Pertumbuhan Penjualan dan Ukuran Perusahaan berpengaruh signifikan terhadap ROA. Secara parsial hanya TATO, DER dan Ukuran Perusahaan yang berpengaruh signifikan terhadap ROA
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