Effects of Long Term Debt to Total Assets, Short Term Debt to Total Assets, Total Asset Turnover, and Inventory Turnover on Profitability of Manufacturing Companies in Consumer Goods Subsector Listed on IDX
Keywords:
Return on Assets, Long Term Debt to Total Assets, Short Term Debt to Total Assets, Total Assets Turnover, Inventory Turnover
Abstract
This research aims to determine the effects of solvability and activity on profitability of manufacturing companies in consumer goods subsector in Indonesia. The dependent variable used was ROA, while the independent variables included, LTDTA, STDTA, TATO and ITO. The population consisted of 53 manufacturing companies in consumer goods subsector listed on Indonesia Stock Exchange. Samples were selected using purposive sampling. Out of 53 companies, 2 companies have been delisted from 2014 to 2018, 14 new companies were listed on the Indonesia Stock Exchange after 2014 and 1 companies have not published financial reports. Hence, the samples used in this research were only 36 companies. The method used was linear regression. The result showed that LTDTA has a significant negative effect on ROA, on the contrary STDTA, TATO and ITO do not have significant effect on ROA.
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Ghozali, I. (2013). Aplikasi Analisis Multivariete Dengan Program SPSS Edisi ke Tujuh. Semarang : Badan Penerbit Universitas Diponegoro.
Gill, A., Biger, N., & Mathur, N. (2011). The Effect of Capital Structure on Profitability: Evidence from the United States. International Journal of Management, 28(4), 3–15.
Hayati, K. N., Wijayanti, A., & Suhendro. (2017). Pengaruh Current Ratio, Debt To Equity Ratio, Total Asset Turnover, Dan Size Terhadap Return On Asset. Jurnal Ekonomi Paradigma, 19(02), 61–67.
Hendawati, H. (2017). Analisis Current Ratio, Debt To Equity Ratio Dan Total Asset Turn Over Terhadap Return on Equity. Jurnal SIKAP (Sistem Informasi, Keuangan, Auditing Dan Perpajakan), 1(1), 97. https://doi.org/10.32897/sikap.v1i2.52
Irman, M., & Iswara, A. (2019). The Influence of Cash Turnover , Receivables Turnover , Inventory Turnover and Debt to Equity Ratio Toward Return On Assets of Plastic and Packaging Companies That Listed on Indonesia Stock Exchange Periods 2010-2017. 30(1), 54–63.
Jati, A. K., & Sudaryanto, B. (2016). Pengaruh Hutang Jangka Pendek , Hutang Jangka Perusahaan Yang Terdaftar Dalam Indeks LQ-45 di BEI. 5, 1–11.
Kasmir. (2012). "Analisis Laporan Keuangan” . (cetakan ketiga). Jakarta: PT Raja Grafindo Persada .
Kridasusila, A., & Rachmawati, W. (2016). Analisis Pengaruh Current Ratio , Inventory Turn Over Dan Debt To Equity Ratio Pada Perusahaan Otomotif Dan Produk Komponennya Pada Bursa Efek Indonesia ( 2010 – 2013 ). 18, 7–22.
Mitria, E. (2019). Analysis of the Effect of Debt Policy on Financial Performance in Companies Listed in Indonesia Representative Office Makassar. Journal of Management & Business, 2(2), 145–156.
Moeldjadi. (2008). Manajemen Keuangan, Pendekatan Kuantitatif dan Kualitatif. Jilid I. Malang. Bayumedia.
Pongrangga, R. A., Dzulkirom, M., & Saifi, M. (2015). Pengaruh Current Ratio, Total Asset Turnover dan Debt To Equity Ratio Terhadap Return On Equity (Studi Pada Perusahaan Sub Sektor Property Dan Real Estate yang Terdaftar Di BEI Periode 2011-2014). Jurnal Administrasi Bisnis (JAB), 25(2), 1–8.
Priyanto, S., & Darmawan, A. (2017). Pengaruh Debt to Asset Ratio (DAR), Debt to Equity Ratio (DER), Long Term Debt to Asset Ratio (LDAR) Dan Long Term Debt to Equity Ratio (LDER) Terhadap Profitability (ROE) Pada Perusahaan Manufaktur di Bursa Efek Indonesia Periode 2012-2014. Jurnal Manajemen Dan Bisnis Media Ekonomi, XVII(1), 25–32.
Putry, N. A. C. P., & Erawati, T. (2013). Pengaruh Current Ratio, Total Assets Turnover, Dan Net Profit Margin, Terhadap Return On Assets. Jurnal Akuntansi, 1(2), 22–34.
Sari, N., & Budiasih, I. (2014). Pengaruh Debt To Equity Ratio, Firm Size, Inventory Turnover Dan Assets Turnover Pada Profitabilitas. E-Jurnal Akuntansi, 6(2), 261–273.
Setiawan, E. (2015). Pengaruh Current Ratio, Inventory Turnover, Debt To Equity Ratio, Total Asset Turnover, Sales, Dan Firm Size Terhadap Roa Pada Perusahaan Food And Beverage Yang Terdaftar Di Bursa Efek Indonesia (Bei) Periode 2010-2013. Jurnal.Umrah.Ac.Id, 151, 10–17. https://doi.org/10.1145/3132847.3132886
Sugiono. (2016). Metode Penelitian Kuantitatif Kualitataif dan Kombinasi (Mixed Methods). Bandung: Alfabeta.
Warsono, S., Amalia, F., & Rahajeng, D. K. (2009). Corporate Governance Concept and Model. Yogyakarta: Center Fot Good Corporate Governance.
Wibowo. (2013). Manajemen Kinerja (Edisi Keti). Jakarta: PT Raja Grafindo Persada.
Widiyanti, M., & Bakar, S. W. (2014). Pengaruh Working Capital Turnover, Cash Turnover, Inventory Turnover Dan Current Ratio Terhadap Profitabilitas (ROA) Perusahaan Property Dan Real Estate Yang Terdaftar Di BEI. Jurnal Manajemen Dan Bisnis Sriwijaya, 12(2), 111–126.
Willi, N., & Chandra, S. (2019). Effect of CR, DAR, TATO and Tangibility on ROA In Manufacturing Companies Listed On Indonesia Stock Exchange. Bilancia : Jurnal Ilmiah Akuntansi, 3(1), 91–98.
Yusnita, R. T., & Fitriadi, B. W. (2019). Analisis Pengaruh Struktur Modal Terhadap Profitabilitas UMKM di Kota Tasikmalaya. Jurnal Ekonomi, Bisnis, Dan Akuntansi (JEBA) Volume 21 Nomor 02 Tahun 2019, 21(No 2).
www.idx.co.id
www.idnfinancials.com.
Published
2020-09-30
How to Cite
Chandra, S., & Juliawati, C. (2020). Effects of Long Term Debt to Total Assets, Short Term Debt to Total Assets, Total Asset Turnover, and Inventory Turnover on Profitability of Manufacturing Companies in Consumer Goods Subsector Listed on IDX . Journal of Applied Business and Technology, 1(3), 212-222. https://doi.org/10.35145/jabt.v1i3.47
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Articles
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