ANAYSIS OF FACTORS AFFECTING PROFITABILITY IN MANUFACTURING COMPANIES LISTED ON THE INDONESIA STOCK EXCHANGE
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Published:
Jul 7, 2022
Keywords:
Current Ratio, Total Asset Turnover, Debt to Equity Ratio, Return on Asset
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Computer Science
Statistics Article
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Abstract
A company is established one of which aims to achieve the maximum possible profit, to increase the prosperity of the owners or shareholders, one of which is through the company's ability to pay dividends. This study aims to determine the effect of CR, TATO, DER on Return on asset listed on the Indonesia Stock Exchange. The population in this study consisted of 12 pharmaceutical sector companies listed on the Indonesia Stock Exchange for the period 2017 - 2021. The sampling technique in this study used the purposive sampling method so as to obtain 8 companies that met the criteria, by processing data using the IBM SPSS 25 program. Method of analysis The data used in this research are descriptive statistical analysis, classical assumption test, multiple regression analysis, and hypothesis testing. The results of the t-test obtained are CR, TATO has a positive effect on Return on asset, while DER has a negative effect on Return on asset. And it is concluded that the coefficient of determination that occurs is 0.595 which indicates that 59.5% of the independent variables are quite effective on Return on asset, while the remaining 40,5%.
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SIAHAAN, S. I. and Poniman (2022) “ANAYSIS OF FACTORS AFFECTING PROFITABILITY IN MANUFACTURING COMPANIES LISTED ON THE INDONESIA STOCK EXCHANGE ”, Jurnal Mantik, 6(2), pp. 1584-1593. Available at: https://iocscience.org/ejournal/index.php/mantik/article/view/2573 (Accessed: 7July2026).
References
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[18] Angelina, Sharon, Yeremia, Lin, and Aruan, “Pengaruh Current Ratio, Debt to Equity Ratio,Perputaran Kas,dan Total Asset Turn Over Terhadap Profitabilitas Pada Perusahaan Food & Beverage yang Terdaftar di Bursa Efek Indonesia,” Ris. J. Akunt., vol. 4 Nomor 1, 2020, doi: https://doi.org/10.33395/owner.v4i1.178.
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[20] K. Winasis, G. Chandrarin, and Harmono, “Analysis of the Effect of Current Ratio, Cooperative Size, Debt to Equity Ratio and Number of Members on Return On Assetsat Primkop Kartika Puskop LineKartika Bhirawa Anoraga, Indonesia,” Int. J. Adv. Sci. Res. Eng., vol. 6, no. 8, pp. 12–18, 2020, doi: 10.31695/ijasre.2020.33855.
[21] E. Damayanti and C. Chaerudin, “the Role of Current Ratio (Cr), Debt To Equity Ratio (Der), and Total Asset Turnover (Tato) on Return on Asset (Roa) in Multi-Industrial Sector Manufacturing Companies That Registered To the Indonesia Stock Exchange for 2015-2019,” Dinasti Int. J. Manag. Sci., vol. 2, no. 6, pp. 915–924, 2021, doi: 10.31933/dijms.v2i6.921.
[2] Krisna and Astutik, “Analisis Rasio Keuangan Terhadap Profitabilitas Perusahaan Sub Sektor Farmasi Di Bursa Efek Indonesia,” J. Disrupsi Bisnis, vol. Vol. 4, No, 2021, doi: 10.32493/drb.v4i4.10771.
[3] Tania and Marnaek, “Analisis Current Ratio, Debt To Equity Ratio, Total Assets Turn Over dan Net Profit Margin dalam Menilai Kinerja Keuangan Perusahaan pada Bursa Efek Indonesia 2016-2019,” Own. Ris. J. Akunt., vol. 2, Nomor 2, 2021, doi: doi.org/10.33395/owner.v5i2.430.
[4] Branido, Valianti, and Rismansyah, “Pengaruh Current Ratio, Debt To Equity Ratio, Debt To Assets Ratio Dan Total Assets Turnover Terhadap Return On Assets Pada Perusahaan Manufaktur Sektor Industri Barang Konsumsi Yang Terdaftar Di Bursa Efek Infonesia,” J. GeoEkonomi ISSN-Elektronik, vol. 12, 2021, doi: doi.org/10.36277/geoekonomi http://jurnal.fem.uniba-bpn.ac.id/index.php/geoekonomi.
[5] A. W. Sitohang and B. Wulandari, “Pengaruh Current Ratio, Debt To Equity Ratio, Earning Per Share, terhadap Kinerja Keuangan,” J. Educ. Hum. Soc. Sci., vol. 3, no. 2, pp. 577–585, 2020, doi: 10.34007/jehss.v3i2.361.
[6] R. Gunawan, M. Widiyanti, S. Malinda, and M. Adam, “the Effect of Current Ratio, Total Asset Turnover, Debt To Asset Ratio, and Debt To Equity Ratio on Return on Assets in Plantation Sub-Sector Companies Listed on the Indonesia Stock Exchange,” Int. J. Econ. Business, Accounting, Agric. Manag. Sharia Adm., vol. 2, no. 2, pp. 115–124, 2022, doi: 10.54443/ijebas.v2i2.177.
[7] Hakim, Irmawanto, and Poniman, “Rancang Bangun Wastafel dan Portal Otomatis dengan Mempertimbangkan Antropometri Guna Mencegah Penularan COVID19,” Resist. (Elektronika Kendali Telekomun. Tenaga List. Komputer), vol. 4, Nomor1, 2021.
[8] Chandrarin, Metode Riset Akuntansi Pendekatan Kuantitatif. Jakarta: Salemba Empat, 2017.
[9] D. Susilawati, F. Agusetiawan Shavab, and M. Mustika, “The Effect of Debt to Equity Ratio and Current Ratio on Return on Assets,” J. Appl. Business, Tax. Econ. Res., vol. 1, no. 4, pp. 325–337, 2022, doi: 10.54408/jabter.v1i4.61.
[10] D. A. Aruan, H. Limbong, B. Silitonga, M. Aceh, and N. B. Br Samosir, “Faktor-Faktor Yang Mempengaruhi Profitabilitas Pada Perusahaan Property and Real Estate Yang Terdaftar di BEI,” Owner, vol. 5, no. 2, pp. 460–472, 2021, doi: 10.33395/owner.v5i2.427.
[11] M. Rohmah, N. Qomari, and N. Iman, “Pengaruh Rasio Likuiditas, Solvabilitas Dan Rasio Aktivitas Terhadap Profitabilitas Pada Perusahaan Farmasi Yang Terdaftar Di Bursa Efek Indonesia,” EkoBis J. Ekon. Bisnis, vol. 1, no. 1, pp. 8–16, 2020, doi: 10.46821/ekobis.v1i1.8.
[12] S. Widati and T. D. Hartini, “Pengaruh Current Ratio, Inventory Turnover dan Debt to Equity terhadap Return on Asset,” Jesya (Jurnal Ekon. Ekon. Syariah), vol. 4, no. 2, pp. 974–984, 2021, doi: 10.36778/jesya.v4i2.457.
[13] Hasanah and Enggariyanto, “Analisis Faktor-faktor Yang Mempengaruhi Return On Asset pada Perusahaan Manufaktur Yang Terdaftar Di Bursa Efek Indonesia,” J. Appl. Manag. Accountingournal, vol. 2, pp. 15–25, 2018, doi: 2548-9917.
[14] D. Ramli, “Pengaruh Sales Growth , Debt To Equity Ratio , Total Assets Turnover terhadap Return On Assets pada Perusahaan Property dan Real Estate yang Terdaftar di Bursa Efek Indonesia 2018-2020,” vol. 6, pp. 722–734, 2022, doi: 10.33395/owner.v6i1.647.
[15] A. Widodo, “Analisis Pengaruh Current Ratio (Cr), Total Asset Turnover (Tato), Dan Debt To Asset Ratio (Dar) Terhadap Return on Asset (Roa), Serta Dampaknya Terhadap Nilai Perusahaan,” Jimf (Jurnal Ilm. Manaj. Forkamma), vol. 1, no. 2, pp. 87–112, 2019, doi: 10.32493/frkm.v1i2.2542.
[16] H. Novita et al., “Analisis Pengaruh Likuiditas , Solvabilitas dan Aktivitas terhadap Profitabilitas pada Perusahaan Manufaktur Makanan yang Terdapat di Bei Periode,” vol. 6, no. April, pp. 1655–1663, 2022, doi: 10.33395/owner.v6i2.806.
[17] C. Aurick, F. Wijaya, A. Angelia, and K. Hayati, “The effects of the debt to equity ratio on return on assets,” J. Account. Manag., vol. 2, no. 1, pp. 57–69, 2021, doi: https://doi.org/10.35912/jakman.v2i1.135.
[18] Angelina, Sharon, Yeremia, Lin, and Aruan, “Pengaruh Current Ratio, Debt to Equity Ratio,Perputaran Kas,dan Total Asset Turn Over Terhadap Profitabilitas Pada Perusahaan Food & Beverage yang Terdaftar di Bursa Efek Indonesia,” Ris. J. Akunt., vol. 4 Nomor 1, 2020, doi: https://doi.org/10.33395/owner.v4i1.178.
[19] Wanny., Jenni, Yeni Lau, Merrisa, and Erlin, “Pengaruh TATO,DER dan CR Terhadap ROA pada Perusahaan Property dan Real Estate,” Ris. J. Akunt., vol. 3 Nomor 2, 2019, doi: https://doi.org/10.33395/owner.v3i2.127.
[20] K. Winasis, G. Chandrarin, and Harmono, “Analysis of the Effect of Current Ratio, Cooperative Size, Debt to Equity Ratio and Number of Members on Return On Assetsat Primkop Kartika Puskop LineKartika Bhirawa Anoraga, Indonesia,” Int. J. Adv. Sci. Res. Eng., vol. 6, no. 8, pp. 12–18, 2020, doi: 10.31695/ijasre.2020.33855.
[21] E. Damayanti and C. Chaerudin, “the Role of Current Ratio (Cr), Debt To Equity Ratio (Der), and Total Asset Turnover (Tato) on Return on Asset (Roa) in Multi-Industrial Sector Manufacturing Companies That Registered To the Indonesia Stock Exchange for 2015-2019,” Dinasti Int. J. Manag. Sci., vol. 2, no. 6, pp. 915–924, 2021, doi: 10.31933/dijms.v2i6.921.
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