Total Asset Turnover Ratio Research Articles

THE EFFFECT OF PROFITABILITY, LEVERAGE, AND TOTAL ASSET TURNOVER ON FIRM VALUE IN PROPERTY AND REAL ESTATE COMPANIES LISTED IN THE INDONESIA STOCK EXCHANGE (IDX)

This research aims to partially test the influence of profitability, leverage, and total asset turnover on company value. This research sample includes 36 property and real estate companies from a total of 85 companies listed on the Indonesia Stock Exchange (BEI) over a three-year period (2020-2022). To test the research hypothesis and achieve the objectives, data was obtained from the BEI database and annual reports published by public property and real estate stock companies in Indonesia. In this context, profitability, as measured by ROA (Return on Assets), and leverage as measured by the equity ratio (DER), as well as turnover of total assets as measured by the total asset turnover ratio, are presented as independent variables. Company value is considered as the dependent variable and is measured using Tobin's Q. The data analysis methods used are descriptive statistics, classical assumption tests, and multiple linear regression analysis using the SPSS (Statistical Package for Social Science) application. This research produces results showing that profitability has a significant positive influence on company value, the leverage variable and total asset turnover have a significant negative influence on company value.

Analisis Penggunaan Aset dalam Pengukuran Profitabilitas PT Adaro Minerals Indonesia Tbk

The primary objective of this study is to examine and assess the correlation between the utilisation of assets and the profitability of PT Adaro Minerals Indonesia Tbk, commonly referred to as AMI. The study employed a descriptive analytic methodology. Based on the data spanning from 2020 to 2022, it was observed that, with the exception of the working capital ratio in 2022, there was a consistent upward tendency in the account receivable turnover ratio, fixed asset turnover ratio, and total asset turnover ratio of the company. This pattern ultimately contributed to the overall stability of the company's profitability. The profitability ratios, including Gross Profit Margin (GPM), Net Profit Margin (NPM), Operating Margin, and Return on Assets (ROA) ratios, exhibit an upward trend for the period spanning from 2020 to 2022. The rise in the activity ratio can typically be attributed to a decline in firm assets, followed by an annual gain in income. The effective utilisation of assets inside a company exhibits a strong correlation with the company's profitability, which has demonstrated a consistent and upward trend over the past three years. The upward trajectory observed in the company's account receivable turnover, fixed asset turnover, total asset turnover, and cash turnover ratios has led to a corresponding enhancement in the company's profitability.

Financial Analysis and Forecast of Volkswagen Group

With the development of the global economy and the improvement of the technology level, the integration of information technology and the manufacturing industry has accelerated. The global manufacturing sector is moving in major directions as a result of digitalization, networking, and intelligence. The auto industry is also innovating, and artificial intelligence and new energy have accelerated the innovation and change of the auto industry. How automotive companies can improve their profitability and gain advantages in the competition during the transition period has become a key issue. This paper takes Volkswagen (VW) Group as the research object and analyzes its relevant indicators in FY2022, and also selects enterprises in the same industry for comparison. The current financial situation of VW Group is analyzed in terms of solvency, operating capacity, and profitability. The financial indicators such as total debt ratio, profit margin, total asset turnover ratio, and return on equity are used to make a comprehensive assessment of VW Group's financial status. With the gradual diversification of corporate sales revenue, revenue measurement, and recognition have become more complex. This paper also accounts for elements such as revenue and intangible assets of VW Group to make sure accounting data is accurate. The analysis is conducted from the perspective of corporate strategy to understand the strategic objectives and future direction of the VW Group. The VW Group's risks and difficulties are evaluated and projected within the framework of the overall company plan.

Pengaruh Total Asset Turnover (Tato) dan Debt Ratio (Dr) terhadap Profitabilitas pada Perusahaan Sektor Makanan dan Minuman yang Terdaftar di BEI Periode Tahun 2015-2018

This study aims to determine the effect of total asset turnover (TATO) and debt ratio (DR) on profitability in food and beverage companies listed on the Indonesia Stock Exchange for the 2015-2018 period. This type of research is quantitative with purposive sampling technique. This study uses 10 food and beverage companies listed on the Indonesia Stock Exchange in the 2015-2018 period. The data sources for this research are annual reports, financial statement data, and market data by sample companies. The analytical tool used is data tabulation, data collection in the form of normality test, t test, F test, and determinant test. The results showed that TATO and DR simultaneously had a significant positive effect on ROA. Partially, TATO does not have a significant effect on ROA, DR has a significant negative effect on ROA.

ANALISIS TOTAL ASSETS TURN OVER DAN CURRENT RATIO TERHADAP NILAI PERUSAHAAN PADA PERUSAHAAN Tbk SEKTOR PERTANIAN YANG TERDAFTAR DI BURSA EFEK INDONESIA DENGAN RETURN ON EQUITY SEBAGAI VARIABEL INTERVENING

The activity ratio is an illustration of the extent to which a company manages its assets in order to maximize the company's activities. In this study, the activity ratio as a proxy for Total assets turnover is used to calculate the rotation of all company-owned assets and to calculate all sales generated from these assets so that it will be known how effectively the company uses its asset sources. If the value of total asset turnover is high, the company's assets will be better in earning profits, this is an opportunity for investors to invest and trigger an increase in the market price of a company's shares. The purpose of this study is to determine the analysis of total assets turnover and current ratio to firm value in agricultural sector listed companies on the Indonesia Stock Exchange with return on equity as an intervening variable. Random sampling method (simple probability sampling) without regard to strata in the population in this study. Data analysis and hypothesis testing in this study used the Structural-partial Least square equation model (PLS-SEM).
 The results of the hypothesis test have a direct effect using the smart PLS 3.0 application, indicating that Total Asset Turn Over has a significant negative effect on the Ratio on Equity. Current Assets have a significant positive effect on the Ratio on Equity. Total Asset Turn Over has a significant positive effect on Firm Value. Current Assets have a significant negative effect on Firm Value. The ratio on Equity has a significant positive effect on Firm Value. Total Asset Turn Over has no significant negative effect on Firm Value through the Ratio on Equity. Current Assets have no significant positive effect on Firm Value through the Ratio on Equity.

Analisis Rasio Keuangan Untuk Menilai Kinerja Keuangan Perusahaan

This study aims to determine the financial performance of PT Indofood Sukses Makmur Tbk for the 2020–2022 period based on financial ratio analysis. PT Indofood Sukses Makmur Tbk's financial performance can be measured using financial ratios consisting of Liquidity, Solvency, activity, and Profitability Ratios. The data analysis technique used in this study is a quantitative descriptive analysis technique, and the data used is secondary data in the form of the financial reports of PT Indofood Sukses Makmur Tbk for the 2020–2022 period obtained from the Official Website of the Indonesia Stock Exchange (IDX). The results showed that the liquidity ratio was relatively good, which could be seen from the value of the company's current ratio, quick ratio, and cash ratio. Even though the cash ratio value of PT Indofood Sukses Makmur Tbk is below 100% or 1, However, the value of the Current ratio, Quick ratio, and Cash Ratio of PT Indofood Sukses Makmur Tbk is so optimistic that it will increase every year. The solvevability Ratio of PT Indofood Sukses Makmur Tbk is classified as good because the debt-to-asset ratio (DAR) and debt-to-equity ratio (DER) values are optimistic that they will decrease, even though the DER value in 2020 and 2021 is above 100% or 1. PT Indofood's Activity Ratio Sukses Makmur Tbk is classified as good, as can be seen from the values of the Inventory Turnover Ratio, Fixed Asset Turnover Ratio, Total Asset Turnover Ratio, and Receivable Turnover Ratio, which have increased from 2020 to 2022. Although in 2022 the Inventory Turnover Ratio value will decrease due to excess inventory purchases, PT Indofood Sukses Makmur Tbk's Profitability Ratio is in a bad position, as can be seen from the proportions of PT Indofood Sukses Makmur Tbk's Net Profit Margin Ratio, Gross Profit Margin Ratio, Return on Assets (ROA), and Return on Equity (ROE) from 2021–2022, which experienced a significant decline. The percentage of impairment in 2021–2022 beats the proportion of increase in the ratio from 2020–2021.

Analisa Laporan Keuangan Gudang Garam dan HM Sampoerna pada Masa Peralihan Covid-19

This research was conducted to analyze how impacted the Indonesian cigarette industry was on the Covid-19 Pandemic phenomenon by analyzing the liquidity ratio (current ratio and quick ratio), activity ratio (receivables turnover ratio, inventory turnover ratio, fixed asset turnover ratio and total asset turnover ratio), and debt ratio by taking a sample of PT. Gudang Garam, Tbk and a comparison will be made with PT. HM Sampoerna, Tbk uses financial reports for the 2020-2021 financial year. The research method used is a qualitative descriptive method by collecting, processing, analyzing and presenting data descriptively with a sample of the financial statements of PT. Gudang Garam, Tbk and PT. HM. Sampoerna, Tbk for the 2020-2021 financial year. The research results obtained from comparing the financial performance of PT. Gudang Garam, Tbk with PT. HM. Sampoerna, namely the two companies are both liquid companies, able to pay off their short-term debt obligations, while for the activity ratio, PT. HM. Sampoerna has a pretty good score compared to PT. Gudang Garam, while for the debt ratio of PT. Gudang Garam, Tbk has a better ability to guarantee its debts than PT. HM. Sampoerna.

The Impact of Current Ratio, Total Asset Turnover, Debt-Equity Ratio, Return on Equity, And Price Earning Ratio Toward Stock Return

This study aims to examine the effect of Current ratio (CR), Total asset turnover (TATO), Debt equity ratio (DER), Return on equity (ROE), and Price earning ratio (PER) on stock returns in pharmaceutical sub-sector companies listed in Indonesia Stock Exchange (IDX). The population of this research is 10 pharmaceutical companies that publish annual reports on the websites of each company in 2015 – 2020 and the sampling method of pharmaceutical companies use the purposive sampling method and based on predetermined criteria, a sample of 7 companies is obtained. In this study, the analytical method used is the panel data regression analysis method. The results showed that the Current ratio (CR), Total asset turnover (TATO) and Debt equity ratio (DER) had no effect while Return on equity (ROE) and Price earning ratio (PER had an effect on Stock Return in Pharmaceutical Sub-Sector Companies listed in IDX Period 2015 – 2020.

Prediksi Finansial Distress pada Salah Satu Bank Konvensional Menggunakan Machine Learning

Financial distress is when a company experiences a shortage or insufficient funds to run the company. Prediction of financial distress is needed to prevent bankruptcy. In this study, financial distress predictions were made based on financial ratios obtained from monthly financial reports from a bank convention, after which the proportion that had the most influence on financial distress was determined. The models used in this study are several machine learning models, namely, Logistic Regression, Support Vector Machine, and Random Forest. Based on the analysis results, the best model for predicting financial pressure is the Random Forest Model, with an accuracy of 96.77%. Based on the best model obtained, namely the Random Forest, it can be determined that the ratio that is very influential on financial distress is the ratio of Total Asset Turnover.

Fundamental Analysis of Firm Performance of Publicly Listed Manufacturing Companies in Indonesia

The study was carried out with the goal of obtaining empirical evidence about the fundamental analysis factors in the form of financial ratio, sales growth, and firm size that affect firm performance of manufacturing companies listed on the Indonesia Stock Exchange (IDX) between 2017 and 2019. This study used financial statement data from the IDX's official page and the firm's official page. The purposive sampling technique was used in this study, with a total of 178 samples from manufacturing sector companies. SPSS 17 and Microsoft Excel 2010 software were used to process and test the data. According to the findings of this study, capital structure and sales growth has no negative significant effect on firm performance, while sales growth and Total Asset Turnover Ratio has a positive significant effect on firm performance.

Fundamental Analysis of Firm Performance of Publicly Listed Manufacturing Companies in Indonesia

The study was carried out with the goal of obtaining empirical evidence about the fundamental analysis factors in the form of financial ratio, sales growth, and firm size that affect firm performance of manufacturing companies listed on the Indonesia Stock Exchange (IDX) between 2017 and 2019. This study used financial statement data from the IDX's official page and the firm's official page. The purposive sampling technique was used in this study, with a total of 178 samples from manufacturing sector companies. SPSS 17 and Microsoft Excel 2010 software were used to process and test the data. According to the findings of this study, capital structure and sales growth has no negative significant effect on firm performance, while sales growth and Total Asset Turnover Ratio has a positive significant effect on firm performance.

Fundamental Analysis of Firm Performance of Publicly Listed Manufacturing Companies in Indonesia

The study was carried out with the goal of obtaining empirical evidence about the fundamental analysis factors in the form of financial ratio, sales growth, and firm size that affect firm performance of manufacturing companies listed on the Indonesia Stock Exchange (IDX) between 2017 and 2019. This study used financial statement data from the IDX's official page and the firm's official page. The purposive sampling technique was used in this study, with a total of 178 samples from manufacturing sector companies. SPSS 17 and Microsoft Excel 2010 software were used to process and test the data. According to the findings of this study, capital structure and sales growth has no negative significant effect on firm performance, while sales growth and Total Asset Turnover Ratio has a positive significant effect on firm performance.

Analisis Rasio Keuangan Dalam Mempengaruhi Pertumbuhan Laba Pada Perusahaan Manufaktur Di Bursa Efek Indonesia

This researcher aims to determine Profitability which is influenced by Liquidity, Solvability and Activity. This research uses a quantitative approach to data collection using secondary data. The type of data used in this study uses panel data. The population in this study are companies listed on the Indonesia Stock Exchange (IDX) for 2017-2021. The sampling technique used is Non-Probability Sampling. The data analysis technique used in this research is using descriptive statistical analysis and classical assumption test analysis to examine the effect of more than one independent variable on the dependent variable. The profitability variable does not have a significant effect on profit growth and also liquidity does not have a significant effect on the company's profit growth however, solvency which has a significant positive effect on profit growth and also on the activity variable as measured by the Total Asset Turnover ratio does not have a significant effect on the profit growth of Sub- Manufacturing Companies The Food and Beverage Sector listed on the IDX 2017-2021.
 Keywords: Profitability, Solvency, Liquidity, Activity

Financial Ratio Analysis of PT SOHO GLOBAL HEALTH Tbk's Corporate Performance for 2019-2021

Financial ratio analysis is a method of evaluating company performance that uses comparative data contained in financial statements, such as balance sheet statements, income statements, and cash flow statements. Financial ratios provide an overview of a company's financial health, operational efficiency, rate of return on investment, and the company's ability to meet financial obligations. This study aims to analyze the performance of PT Soho Global Health, Tbk from 2019-2021. The object of our research focuses on the 2019-2020 financial reports of PT Soho Global Health.This research uses qualitative methods. This data is used to analyze and develop an analysis of liquidity, solvency, profitability and activity ratios. The data collection technique used is a literature study carried out to enrich knowledge about various concepts that will be used as a basis or guideline in the research process. The data analysis technique used is Descriptive Statistical analysis. The liquidity ratio using the current ratio shows a fairly good performance. The solvency ratio using the debt to asset ratio shows the company's performance in a good situation. The profitability ratio using the net profit margin ratio shows that it is in unfavorable condition. The activity ratio using the ratio of total asset turnover which shows quite good performance.

Study on the Influencing Factors of the Profitability of A-share Listed Catering Companies Based on DuPont Analysis

This study aims to determine the financial indicators that affect the profitability of Chinese A-share listed catering companies. The literature shows that more profitable companies are often more competitive and can also bring greater returns to investors. Therefore, it seems very necessary to identify the factors that affect the profitability of A-share listed catering companies. This study was based on the samples of the four catering companies,Tongqinglou,Guangzhou Restaurant ,Quanjude Group,Xi’an Catering,listed on China A-shares from 2018 to 2022. In order to determine the indicators affecting the profitability of the listed catering companies, based on DuPont analysis ,I conducted a large number of data analysis on the financial statements of these four companies and preliminarily determined 12 indicators. In order to determine the significance of the impact of each indicator on profitability, I used correlation analysis for screening.And finally, seven indicators were determined, namely: Return on equity, Return on total asset,Sales profit margin, Cost profit margin, Earnings per share , Total assets turnover ratio, and Profit rate on fixed assets.

지방도시개발공사의 자산회전율 분석

The government is proposing to promote structural reform, strengthen financial soundness, strengthen public-private cooperation, and reorganize the management system in the direction of innovation of local public institutions. In order to strengthen financial soundness, this study analyzed the asset turnover rate over the past 10 years for local development corporations, which account for the largest proportion among local public enterprises, and the analysis results are as follows. First, the asset turnover rate of the urban development corporation is relatively low compared to that of domestic private companies or foreign similar companies. Second, the performance of asset turnover by type is the highest return on equity, followed by non-current asset turnover, current asset turnover, and total asset turnover ratio. Third, as a result of dividing metropolitan cities and metropolitan provinces, it was analyzed that the level of turnover ratios in metropolitan provinces was relatively higher than that of metropolitan cities in all asset turnover indicators. Therefore, it is necessary to develop and apply an indicator to determine whether equity capital is undevervalued in relation to equity capital turnover ratio, and consider increasing the weight of management evaluation on the total asset turnover index. It is necessary to strengthen measures to utilize cashable assets in various ways, and to verify whether asset turnover indicators are efficiently managed in mid-to long-term financial management plans in management evaluation indicators.

Analisis Perbandingan Kinerja Keuangan Perusahaan Sebelum Dan Sesudah Akuisisi (Studi Kasus Pada PT. Bank Central Asia Tbk Dan PT. Bank Rakyat Indonesia Tbk)

The purpose of this study was to determine the Comparative Analysis of Financial Performance Before and After the Acquisition at PT. Bank Central Asia and PT. Bank Rakyat Indonesia Tbk which made the acquisition in 2019. This research uses a quantitative approach using secondary data obtained from the official website of each bank. The research variables used in this study consist of Liquidity Ratio (Current Ratio), Probability Ratio (Return on Assets & Return on Equity), Solvency Ratio (Debt to Equity Ratio), Activity Ratio (Total Asset Turnover Ratio). The analytical method used to answer the hypothesis is using the normality test and paired sample T-test. The research results show that there are significant differences in the current assets and return on asset ratio at PT. Bank Central Tbk and PT. Bank Rakyat Indonesia Tbk.
 Keywords: acquisition, financial performance and financial ratio

Financial Ratio Analysis and Du Pont System to Evaluate the Financial Performance of PTBA And ITMG

The research was conducted to analyze the financial performance of coal subsector energy sector companies, including PT Bukit Asam (Tbk) and PT Indo Tambangarya Megah (Tbk), with financial ratio analysis and Du Pont System. This study used balance sheet and income statement data from 2019 to 2022 from both companies and conducted financial ratio analysis on liquidity, activity, profitability, solvency, and with the Du Pont System. The results of the financial ratio analysis show that both companies have experienced an increase in the current ratio over the past four years, with a more significant increase occurring in ITMG. However, PTBA experienced fluctuations in the current ratio value. Both companies also experienced an increase in cash ratio in 2020. In addition, the total asset turnover ratio decreased in 2020 due to the Covid-19 pandemic, but in 2021 it increased due to increased production. The financial performance of the two companies is generally quite good with stable and good ratio values in the profitability ratio. Both companies also have good solvency ratios, with relatively low Debt to Equity Ratio (DER) and Debt to Asset Ratio. From the Du Pont analysis, in general, the performance of PT ITMG compared to PTBA is relatively better in terms of ROE and ROI Du Pont.

Analysis of Financial Ratio Before and During Covid-19 in Consumer Goods Industry Sector 2018-2021

This study aims to analyze whether there are differences in Liquidity, Profitability, Solvency, Activity and Market Ratios between before and during the Covid-19 pandemic in Manufacturing Companies listed on the Indonesia Stock Exchange in the consumer goods industry sector in 2018-2021. The financial ratios used are Current Ratio, Debt to Equity Ratio, Gross Profit Margin, Total Assets Turnover, and Price Earnings Ratio. The samples were 43 companies using purposive sampling method for sampling. The type of data in this study is secondary data and data collection methods with documentation obtained from financial reports sourced from the Indonesia Stock Exchange. Data analysis techniques used descriptive statistical tests, normality tests, and hypothesis testing with the Paired Sample t-Test which was supported by the Wilcoxon Signed Rank Test. Data analysis using the Descriptive Statistical Test shows a decline in financial performance in 2020-2021 as a result of the co-19 pandemic. The results of the different tests in this study show that there are differences in the Debt to Equity Ratio and Gross Profit Margin. This is because the average income has decreased compared to before the Covid-19 pandemic, and companies cannot control their production costs and debts effectively. While the ratio of Current Ratio, Total Assets Turnover and Price Earnings Ratio there is no difference. The company is able to manage its assets quite well and can stabilize its share price.

Evaluation of the Influence of Profitability and Financial Performance on Stock Price

To achieve the goal of realizing transparency and accountability of financial information, every company that is to be published is required to submit annual financial reports to the Indonesia Stock Exchange and to investors. This study aims to determine the effect of financial performance variables on profitability and its impact on stock prices in the Property sector and companies Real Estate listed on the Malaysia Stock Exchange in 2010-2015. The sample used is secondary data from the Malaysian Stock Exchange. Samples were taken by method purposive sampling, and there are 5 companies that meet the sample selection criteria. Statistical tests were carried out using the panel data regression test random effect. The research results show that partially Current Ratio No significant effect on Return on Asset. However Total Asset Turnover and Debt Ratio positive and significant effect on Return on Asset. Simultaneously variable Current Ratio, Total Asset Turnover and Debt Ratio significant effect on Return on Asset. Return on Asset also does not have a significant impact on the share price.