PENGARUH AKTIVITAS, SOLVABILITAS, DAN LIKUIDITAS TERHADAP PROFITABILITAS PERUSAHAAN

Main Article Content

Gracia Averina
Liana Susanto

Abstract

This study aims to obtain empirical evidence about the effect of activity, solvency and liquidity on profitability in property and real estate sector companies listed on the Indonesia Stock Exchange for the 2019-2021 period. The number of samples in this study were 48 property and real estate companies selected by purposive sampling method. The research data were analysed using multiple linear regression analysis techniques which were processed with SPSS ver.21 software. The results of this study indicate that activity have a significant and positive effect on profitability. Solvency activity have a significant and negative effect on profitability. Liquidity have no significant effect on profitability. The implication of this research is the need to increase activity value while maintaining a certain solvency level to increase the company's profitability which will increase the firm's value and provide a good signal for investors.

Article Details

Section
Articles

References

Hashmi, M. A., & Iqbal, M. S. (2022). Impact of working capital management on firm profitability and liquidity: the moderating role of family ownership. Accounting Research Journal, 35(5), 676-697.

Angelina, C., Lim, S., Sharon, Lombogia, J. Y. R. & Aruan, D. A. (2020). Pengaruh Current Ratio, Debt To Equity Ratio, Perputaran Kas Dan Total Asset Turn Over Terhadap Profitabilitas Pada Perusahaan Food & Beverages Yang Terdaftar Di Bursa Efek Indonesia. Owner Riset & Jurnal Akuntansi, 4(1), 16-27.

Argananta, R. J. & Hidayat, I. (2017). Analisis Pengaruh CR, DER Dan TATO Terhadap Roe Pada PT Mustika Ratu Tbk. Jurnal Ilmu Dan Riset Manajemen, 6(10), 1-19.

Arief, S. & Edi, U. (2016). Analisis Laporan Keuangan. Jakarta: PT Grasindo.

Azad, A. M. S., Raza, A. & Zaidi, S. S. Z. (2018). Empirical Relationship Between Operational Efficiency And Profitability (Evidence From Pakistan Exploration Sector). Journal Of Accounting, Business And Finance Research, 2(1), 7-11.

Bendickon, J., Muldoon, J., Liguori, E. W., & Davis, P. E. (2016). Agency Theory: Background And Epistemology. Journal Of Management History, 22(4), 437-449.

Dawar, V. (2014). Agency Theory, Capital Structure And Firm Performance: Some Indian Evidence. Managerial Finance, 40(12), 1190-1206.

Fahmi, I. (2015). Pengantar Manajemen Keuangan Teori Dan Soal Jawab. Bandung: Alfabeta.

Hantono. (2015). Pengaruh Current Ratio Dan Debt To Equity Ratio Terhadap Profitabilitas Pada Perusahaan Manufaktur Sektor Logam Dan Sejenisnya Yang Terdaftar Di Bursa Efek Indonesia Periode 2009 -2013. Jurnal Wira Ekonomi Mikroskil, 5(1), 21-29.

Indawati., & Anggun, A. (2021). Pengaruh Kinerja Keuangan Perusahaan Dengan Rasio Keuangan Terhadap Nilai Perusahaan. Jurnal Semarak, 4(2), 8–30.

Jensen, M. C., & Meckling, W.H. (1976). Theory Of The Firm: Managerial Behavior, Agency Costs And Ownership Structure. Journal Financial Economics, 3(4), 305-360.

Jessica, Lilia, W., Leonardy, C., Kartika, M. & Panggabean, N. (2019). Pengaruh ITO, CR, DER, TATO Dan WCTO Terhadap ROE Pada Perusahaan Aneka Industri Terdaftar Di Bei. Berkala Akuntansi Dan Keuangan Indonesia, 4(2), 43-60.

Junita, M., & Lumbanraja J. G. (2019). Pengaruh Profitabilitas, Pertumbuhan Aset, Operating Leverage, Dan Ukuran Perusahaan Terhadap Struktur Modal Studi Empiris Pada Perusahaan Food And Beverages Yang Terdaftar Di Bursa Efek Indonesia Periode 2010-2012. Jurnal Manajemen, 5(2), 237-248.

Kasmir. (2016). Analisis Laporan Keuangan Edisi 9. Jakarta: PT Rajawali Persada

Kisdayanti, L. & Agustin, S. (2018). Pengaruh Rasio Likuiditas, Aktivitas, Dan Solvabilitas Terhadap Profitabilitas Pada Perusahaan Transportasi. Jurnal Ilmu Dan Riset Manajemen, 7(3), 1-18.

Lusy, L., Hermanto, Y. B., Panjaitan, T. W., & Widyastuti, M. (2018). Effects of current ratio and debt-to-equity ratio on return on asset and return on equity. International Journal of Business and Management Invention (IJBMI), 7(12), 31-39.

Mahmudin, M., Lau, E. A., & Tandirerung, B. (2019). THE EFFECT OF CURRENT RATIO (CR), DEBT TO EQUITY RATIO (DER), TOTAL ASSET TURNOVER (TAT) AND FIRMS SIZE (FS) TO RETURN ON EQUITY (ROE) IN MINING COMPANIES LISTED ON THE INDONESIA STOCK EXCHANGE IN 2013-2018. RJABM (Research Journal of Accounting and Business Management), 3(2), 297-312.

Muhani, M., Digdowiseiso, K., & Prameswari, K. M. (2022). The effects of sales growth, current ratio, total asset turnover, debt to asset ratio, and debt to equity ratio on the return on equity in energy and mining companies. Budapest International Research and Critics Institute-Journal (BIRCI-Journal), 5(1), 1240-1246.

Notoatmojo, M. I. (2016). Analisis Dampak Likuiditas Terhadap Profitabilitas Pada Bank Umum Syariah Di Indonesia Periode 2010 -2016. Jurnal Ekonomi Syariah, 6(2), 19-41.

Prastowo, D. (2015). Analisis Laporan Keuangan Konsep Dan Aplikasi Edisi 3. Yogyakarta: UPP STIM YKPN.

Rolanda, I., Laksmiwati, M. & Ulfarianti, N. (2022). Pengaruh Current Ratio, Debt To Equity Ratio Dan Total Assets Turnover Terhadap Return On Equity. Jurnal Ekonomika Dan Manajemen, 11(1), 1-12.

Sari, N. M. R. M., Susila, G. P. A. J., Telagawathi, N. L. W. S. (2020). Pengaruh Likuiditas Dan Solvabilitas Terhadap Profitabilitas Pada Perusahaan Pertambangan Subsektor Batubara Yang Terdaftar Di Bei. Jurnal Akuntansi Profesi, 11(2), 256-262.

Siregar, Q. R. & Harahap, D. D. (2021). Influence Current Ratio, Debt To Equity Ratio And Total Asset Turnover On Return On Equity In The Transportation Sector Industry. International Journal Of Business Economics, 12(2), 99-112.

Syahrial, D. & Purba, D. 2013. Analisis Laporan Keuangan – Cara Mudah & Praktis Memahami Laporan Keuangan Edisi 2. Jakarta: Mitra Wacana Media.

Utami. (2016). Analisis Pengaruh Leverage Dan Rasio Aktivitas Terhadap Profitabilitas Pada PT Indofood Consumer Branded Products (CBP) Sukses Makmur, Tbk. Jurnal Sultanist, 4(1), 44-51.

Wijaya, A. P. (2013). Analisis Rasio Keuangan Dalam Merencanakan Pertumbuhan Laba: Perspektif Teori Signal. Kajian Ilmiah Mahasiswa Manajemen, 2(2).

Zeitun, R. & Saleh, A. S. (2015). Dynamic Performance, Financial Leverage And Financial Crisis: Evidence From GCC Countries. Euromed Journal Of Business, 10(2), 147-162.

Similar Articles

<< < 4 5 6 7 8 9 10 11 12 13 > >> 

You may also start an advanced similarity search for this article.