FAKTOR-FAKTOR YANG MEMENGARUHI PROFITABILITAS PERUSAHAAN MANUFAKTUR YANG TERDAFTAR DI BURSA EFEK INDONESIA
Main Article Content
Abstract
This research aims to obtain empirical evidence and analyze the effect of current ratio, total asset turnover, firm size and debt to asset ratio on profitability in manufacturing companies listed on the Indonesia Stock Exchange (IDX) for the period 2017-2019. This study used purposive sampling methods so that 50 companies were obtained. In 50 companies, there are extreme values in the data so that outlier tests are carried out. A total of 8 companies were disposed of, so the samples used were 42 companies. The data collection technique used is secondary data collected and calculated using Microsoft Excel 2016 and processed using the SPSS program version 24. The results of this study showed that the variables current ratio, total asset turnover, and firm size have a positive and significant influence on profitability, while the variable debt to asset ratio has a significant but negative value on profitability. The implication of this research is that companies must pay attention to debt to asset ratio in order to maximize the profitability of the company.
Article Details
This work is licensed under a Creative Commons Attribution-NonCommercial-ShareAlike 4.0 International License.
This work is licensed under a Jurnal Komunikasi Creative Commons Attribution-ShareAlike 4.0 International License.
References
Afinindy, I., Salim, U., & Ratnawati, K. (2021). The Effect Of Profitability, Firm Size, Liquidity, Sales Growth on Firm Value Mediated Capital Structure. International Journal Of Business, Economic and Law, 24(4), 15-22.
Astuti, R. P., Winarti, E., & Subchan. (2018). Pengaruh Struktur Modal, Profitabilitas dan Ukuran Perusahaan Terhadap Nilai Perusahaan Dengan Kepemilikan Manajerial sebagai Variabel Pemoderasi. Prima Ekonomika, 9(2), 57-76.
Cuana, H. T. (2020). Pengaruh Kepemilikan Manajerial, Profitabilitas, Likuiditas, Dan Ukuran Perusahaanterhadap Nilai Perusahaan. Jurnal Paradigma Akuntansi, 2(2), 677-686.
Dhani, I, P., & Utama, A.A. G. S. (2017). Pengaruh pertumbuhan perusahaan, struktur modal, dan profitabilitas terhadap nilai perusahaan. Jurnal Riset Akuntansi dan Bisnis Airlangga, 2(1), 135-148.
Emanuel, R., & Rasyid, R. (2019). Pengaruh Firm Size, Profitability, Sales Growth, dan Leverage Terhadap Firm Value Pada Perusahaan Manufaktur Yang Terdaftar Di BEI Pada Tahun 2015-2017. Jurnal Multiparadigma Akuntansi, 1(2), 468-476.
Estiasih, S. P., Yuniarsih, N., & Wajdi, M. B. N. (2019). The Influence of Corporate Social Responsibility Disclosure, Managerial Ownership and Firm Size on Firm Value in Indonesia Stock Exchange. International Journal of Innovation, Creativity and Change, 9(9), 159-171.
Fadhillah, I., & Afriyenti, M. (2021). Pengaruh opini audit, kebijakan hutang, dan pertumbuhan perusahaan terhadap nilai perusahaan. Jurnal Eksplorasi Akuntansi, 3(1), 98-111.
Fajaria, A. Z., & Isnalita. (2018). The Effect of Profitability, Liquidity, Leverage and Firm Growth of Firm Value with its Dividend Policy as Moderating Variable. International Journal of Management Studies and Reseacrh, 6(10), 55-59.
Ghozali, I. (2017). Model Persamaan Struktural Konsep dan Aplikasi Dengan Program AMOS 24. Semarang: Badan Penerbit Universitas Diponegoro.
Husna, A. (2020). The Effect of Managerial Ownership and Company Size on Firm value with Capital Structure as Moderating Variables in Manufacturing Companies Listed in Indonesia Stock Exchange 2016-2018. Journal of Research in Business, Economics, and Education, 2(5), 1169-1180.
Imelda, E., & Sheila, S. (2017). The Influence of Capital Structure, Dividend Policy and Ownership Structure on Firm Value. International Journal of Economic Perspectives, 11(4), 558-565.
Kusumawati, R., & Rosady, I. (2018). Pengaruh Struktur Modal dan Profitabilitas terhadap Nilai Perusahaan dengan Kepemilikan Manajerial sebagai Variabel Moderasi. Jurnal Manajemen Bisnis, 9(2), 147-160.
Mappadang, A. (2020). Capital Structure, Liquidity, Sales Growth on Firm Value. International Journal of Academic Research in Business & Social Sciences, 10(8), 188-201.
Maurien & Ardana, I. C. (2019). Pengaruh Profitabilitas, Firm Size, Firm Growth, Likuiditas, Sales Growth Terhadap Nilai Perusahaan. Jurnal Multiparadigma Akuntansi, 1(4), 1013-1021.
Nurnaningsih, E., & Herawaty, V. (2019). Pengaruh Struktur Modal, Profitabilitas, Pertumbuhan dan Kinerja Keuangan Terhadap Nilai Perusahaan dengan Kepemilikan Manajerial Sebagai Variabel Moderasi pada Perusahaan Manufaktur yang terdaftar di Bursa Efek Indonesia periode 2014-2018. Seminar Nasional Cendekiawan, 2-42.
Putri, I. G. A., & Rahyuda, H. (2020). Effect of Capital Structure and Sales Growth on Firm Value with Profitability as Mediation. International Research Journal of Management, IT & Social Sciences, 7(1), 145-155.
Ramdhonah, Z., Solikin, I., & Sari., M. (2019). Pengaruh Struktur Modal, Ukuran Perusahaan, Pertumbuhan Perusahaan, dan Profitabilitas Terhadap Nilai Perusahaan. Jurnal Riset Akuntansi dan Keuangan, 7(1), 67-82.
Sembiring, S., & Trisnawati, I. (2019). Faktor faktor yang mempengaruhi nilai perusahaan. Jurnal Bisnis dan Akuntansi, 21(1a-2), 173-184.
Stephanie & Dermawan, E. S. (2019). Pengaruh likuiditas, pertumbuhan perusahaan, dan struktur modal terhadap nilai perusahaan manufaktur. Jurnal Multiparadigma Akuntansi, 1(2), 171-179.
Suryandani, A. (2018). Pengaruh pertumbuhan perusahaan, ukuran perusahaan, dan keputusan investasi terhadap nilai perusahaan pada perusahaan sektor property dan real estate. Business Management Analysis Journal, 1(1), 49-59.
www.idx.co.id