scholarly journals Pengaruh DER, TATO dan NPM Terhadap Kebijakan Dividen (Studi Kasus Pada Industri Dasar dan Kimia yang Terdaftar Di Bursa Efek Indonesia (BEI) Tahun 2012-2016)

2019 ◽  
Vol 3 (1) ◽  
pp. 71
Author(s):  
Iwan Firdaus ◽  
Putri Handayani

This research was conducted to examine the effect of Debt to Equity Ratio (DER), Total asset turnover (TATO) dan Net profit margin (NPM) to Dividend Payout Ratio (DPR). The object for this research is basic industry and chamicals listed on the Indonesia Stock Exchange in the period 2012-2016. This research was conducted using quantitative menthod with total 10 sample of research were determined by saturated sampling. Method of hypothesis testing using t-test. This research use Debt to Equity Ratio (X1), Total asset turnover (X2), Net profit margin (X3) as independent variable and Dividend Payout Ratio as dependent variable. The results of this research is Total asset turnover (TATO) and Net profit margin (NPM) positive and has significant effect to Dividend Payout Ratio, while the DER negative and has no significant effect to Dividend Payout Ratio.

Author(s):  
Dody Firman ◽  
Salvia Salvia

This study aims to determine whether total asset turnover, net profit margin, and debt to equity ratio have an effect either partially or simultaneously on profit growth in automotive companies listed on the Indonesia Stock Exchange. The approach used in this study is an associative approach. The population used in this study were 13 companies and a sample that met the criteria (purposive sampling) was 7 companies. Data collection techniques used in this study using documentation techniques and data sources used in this study are secondary data sources. The data analysis technique used in this study is a quantitative technique with multiple linear regression analysis, hypothesis testing and coefficient of determination test. Data management using SPSS (Statistical Package For The Social Sciences) version 20 for windows. The results of this study are partially total asset turnover has no effect on profit growth. Partially, net profit margin has no effect on profit growth. Partially the debt to equity ratio has an effect on profit growth. Simultaneously total asset turnover, net profit margin, and debt to equity affect profit growth in automotive companies listed on the Indonesia Stock Exchange for the 2014-2018 period. Partially the debt to equity ratio has an effect on profit growth. Simultaneously total asset turnover, net profit margin, and debt to equity affect profit growth in automotive companies listed on the Indonesia Stock Exchange for the 2014-2018 period. Partially the debt to equity ratio has an effect on profit growth. Simultaneously total asset turnover, net profit margin, and debt to equity affect profit growth in automotive companies listed on the Indonesia Stock Exchange for the 2014-2018 period.


2018 ◽  
Vol 3 (1) ◽  
Author(s):  
Riska Fethy Liana

Abstrak Penelitian ini bertujuan untuk menguji adanya pengaruh kinerja keuangan (profitabilitas, solvabilitas, aktivitas) dan risiko investasi terhadap return saham perusahaan. Profitabilitas diukur dengan menggunajan Net Profit Margin (NPM). Solvabilitas diukur dengan menggunakan Debt to Equity ratio (DER). Rasio Aktivitas diukur dengan menggunakan Total Asset Turnover (TATO). Risiko investasi diukur dengan menggunakan standar deviasi. Penelitian ini menggunkana pendekatan kuantitatif dengan metode regresi berganda. Penelitian ini menggunakan sampel berupa perusahaan-perusahaan sektor otomotif dan komponennya yang listing di Bursa Efek Indonesia periode 2011-2015. Dengan total sampel yang digunakan adalah 12 perusahaan. Hasil penelitian menunjukkan bahwa secara simultan rasio profitabilitas (net profit margin), solvabilitas (debt to equity), aktivitas (total asset turnover), dan risiko investasi berpengaruh secara signifikan terhadap return saham sebesar 45,7%. Sedangkan secara parsial hanya net profit margin dan risiko investasi saja yang berpengaruh dan signifikan terhadap return saham. Kata kunci: Profitabilitas, Solvabilitas, Aktivitas, Risiko Investasi, dan Return Saham. Abstract The purpose of this study is to impact of financial performance which measured by profitability, solvability, activity, and investment risk toward the company’s stock return. Profitability is measured by net profit margin (NPM). Solvability is measured by debt to equity ratio (DER). Activity is measured by total asset turnover (TATO). Investment risk is measured by deviation standard. This study uses quantitative approach with multiple regression method. This study uses sample of The Otomotive and Component Company which listed in Indonesia Stock Exchange period 2011-2015. The total of the sample which used in this study is 12 companies. Result show that simultant profitability ratio (NPM), solvability ratio (DER), activity ratio (TATO), and investment risk of significantly influence on stock return shares of 45,7. While partial only variable net profit margin and investment risk significantly influence toward stock return. Keyword: profitability, solvability, activity, investment risk, stock return.


2015 ◽  
pp. 41-55
Author(s):  
Saut Purba

This study aims: First, to get the variables that affect the price earnings ratio. Second, to obtain empirical evidence about the impact of these variables on price earnings ratio. To achieve this purpose, research on companies listed on the Indonesia Stock Exchange at the end of 2013. The number of companies manufacturing the research samples as many as 98 companies. By using eight regression model to explain the determinants of price-earnings ratio is obtained the following results. First, return on equity, the expected yield or capitalization rate, growth, dividend payout ratio, total asset turnover, net profit margin, and the debt to equity ratio is a determinant of price-earnings ratio. Second, the return on equity have a positive influence and significant impact on the price earnings ratio, expected returns or the capitalization rate affects negatively and significantly influence on the price earnings ratio, growth positive influence and significant impact on the price earnings ratio, dividend payout ratio positive effect and significant to price earnings ratio, total asset turnover and significant positive effect on the price-earnings ratio, net profit margin and significant positive effect on the price-earnings ratio, and debt to equity ratio and significant positive effect on the price earnings ratio. Third, the debt to equity ratio is the dominant determinant of the price earnings ratio. Fourth, the price earnings ratio variation able to be explained by variations in the independent variables of 43.1 to 75.6 percent. It may therefore be argued that this study is useful for: First, to provide information to investors about the variables that need to be considered when investing in the stock market and affect the price earnings ratio. These variables are the retention ratio, dividend payout ratio, total asset turnover, net profit margin, debt to equity ratio, the required yield, growth, and return on equity. Second, add a reference to the capital market in relation to fundamental factors. Third, the results of this study are expected to be a reference to the head of the company in order to increase the value of the company.


Author(s):  
Ruth Veny Martha ◽  
Benny Franco Sitompul

This study aims to determine how much influence current ratio, debt to equity ratio, total asset turnover simultaneously on net profit margin on otomotive companies and component listed on The Indonesia Stock Exchange from 2013 to 2016. The data used are the current ratio, debt to equity ratio, total asset turnover and net profit margin’s company. Coeficient determination, F Value and T Test are using in this study. The result of this study is simultaneous effect of current ratio, debt to equity ratio, and total asset turnover have a significant impact on net profit margin.


Author(s):  
Sudirman S ◽  
Muhammad Wahyuddin Abdullah ◽  
Muhammad Obie

This study examined the effect of current ratio and debt to asset ratio on net profit margin and stock prices of the sector basic industry and chemicals companies listed on the Indonesia Stock Exchange in the period 2015-2019. The object of research was the stock prices of companies in the Basic Industry and Chemicals sector, which have been published through the official website of the Indonesian capital market. It was used secondary data derived from the monthly statistics, including Current Ratio data, Net Profit Margin, Debt to Asset Ratio, and data on closing prices for the period 2015-2019. In analyzing data, it was used path analysis of secondary data obtained from the basic industry sector financial statements of 60 companies. The company's performance in this sector is considered quite good when seen from the movement of the index value in the last five years. The results show that direct current ratio had a positive and significant effect on the net profit margin, and the debt to equity ratio did not significantly influence the net profit margin. The current ratio has a positive and significant effect on stock prices, and the debt to equity ratio has a negative and not significant effect on stock prices. In contrast, the net profit margin has a significant effect on stock prices in the basic industry sector companies on the Indonesia Stock Exchange. Indirectly the current ratio has a positive and significant effect on stock prices. In contrast, the debt to asset ratio has a negative and not significant effect on the company's stock prices in the basic industry sector on the Indonesia Stock Exchange.


2019 ◽  
Vol 3 (01) ◽  
Author(s):  
Nor Hanisah ◽  
Kartika Hendra Titisari ◽  
Siti Nurlaela

Penelitian ini bertujuan untuk mengetahui apakah ada pengaruh variabel independen (CR, DER, DAR, NPM, ROE, ROA, TAT) terhadap variabel dependen (pertumbuhan laba). Jenis penelitian ini adalah penelitian kuantitatif. Penelitian dilakukan pada perusahaan property dan real estate yang terdaftar di BEI dengan jumlah sampel 23 perusahaan dan jangka waktu 5 tahun yaitu pada tahun 2012-2016. Metode pengambilan sampel yaitu menggunakan metode purposive sampling. Metode analisis data yang digunakan dalam penelitian yaitu meliputi statistik deskriptif, uji asumsi klasik (uji normalitas, uji autokorelasi, uji multikolinearitas, dan uji heteroskedasitas), uji hipotesis (analisis regresi linier berganda, uji t, dan analisis koefisien determinasi (R2)). Berdasarkan hasil pengujian secara parsial debt to asset ratio (DAR), net profit margin (NPM), return on equity (ROE), dan total asset turnover (TAT) berpengaruh terhadap pertumbuhan laba perusahaan sedangkan current ratio (CR), debt to equity ratio (DER), dan return on asset (ROA) tidak berpengaruh terhadap pertumbuhan laba perusahaan. Kata Kunci : Likuiditas, Leverage, Profitabilitas, Aktivitas, dan Pertumbuhan Laba.


Author(s):  
Talisa Qamara ◽  
Ani Wulandari ◽  
Agus Sukoco ◽  
Joko Suyono

This study aims to analyze whether there are simultaneous effects of Current Ratio, Debt to Equity Ratio, and Total Asset Turnover to Pofitability (Return On Asset) on Transportation Company Listed at Indonesia Stock Exchanged. This research use quantitative method. The population on this research is transportation companies listed at Indonesia Stock Exchange (IDX) and continuously published financial reports in 2014-2018. Based on the purposive sampling method, from 71 transportation companies globally converged into 10 transportation companies, so that the data obtained were 50 observation. The analytical method used is multiple linear regression analysis. The results of the study are Current Ratio and Debt to Equity Ratio does not partially affect ROA, while Total Asset Turnover has a partial effect on ROA. And the three independent variables (CR, DER and TATO) simultaneously influence the dependent variable, namely profitability (ROA)


2019 ◽  
Vol 24 (1) ◽  
pp. 31
Author(s):  
Iwan Firdaus, Gean Karlos Purba

This research was conducted to examine the effect of Currrent ratio (CR), Return on asset (ROA), Debt to Equity Ratio (DER) and Sales Growth to Dividend Payout Ratio (DPR). The object for this research is pharmaceutical and cosmetics sub-sector  listed on the Indonesia Stock Exchange in the period 2012-2016. This research was conducted using quantitative menthod with total 30 sample of research were determined by saturated sampling. Method of hypothesis testing using t-test. This research use Currrent ratio (X1), Return on asset (X2), Debt to Equity Ratio (X3), Sales Growth (X4) as independent variable and Dividend Payout Ratio as dependent variable. The results of this research is Return on asset positive and has significant effect to Dividend Payout Ratio, for Currrent ratios and Sales Growth a positive but significant effect on Dividend Payout Ratio,  whlile the Debt to Equity Ratio positive and has no significant effect to Dividend Payout Ratio.


Author(s):  
Wibowo Wibowo ◽  
Stefano Rendy

<p>This Research target is to know factors of any kind of influencing income smoothing and its bearing to share performance (return and risk) public company in Indonesia. Data of this research are obtained from 30 company listed in Jakarta Stock Exchange which have been selected using (purposive) judment sampling method. Samples<br /> are classified to be smoother and non smoother using Eckel's model (1981). Eckel model classification in this research use three object of variable of income : operation income, income before tax, and income after tax. Test of one-sample kolmogrov smirnov, mann whitney, t-Test, and multivariate logistics are used for data analysing.<br /> The result of this research indicate that pursuant to coefficient variation of operating income and income before tax independent variable: company size, net profit margin (NPM), industrial sector, and winner/losser stocks not influenced income smoothing. Base on coefficient of variation of income after tax indicates that company<br /> size, net profit margin (NPM), and industrial sector not influenced income smoothing while winner/losser stocks influence income smoothing. And it also indicated no return diffferent between smoother and non smoother, than no risk different between them.</p>


2019 ◽  
Vol 2 (1) ◽  
Author(s):  
Yolanda Yolanda

This research aims to test the influence about fundamental factors which is consisting of Retrun on Assets (ROA), Return on Equity (ROE), Debt to Equity Ratio (DER), and Net Profit Margin (NPM) to share price. The sample of this research is the manufacture company which is registered in Indonesian Stock Exchange during 2012 - 2016. This research uses 12 samples which is choosen by purposive sampling method. The results showed that ROA and NPM have positive but unsignifcant effect on price share, ROA has positive and significant effect on price share, and DER has negative and unsignificant effect on price share. ROA, ROE, DER, and NPM all simultaneously have significant effect on price share. Moreover, the result that has been obtained by using R-Square is 90,41% and the remaining 9,59 % influenced by other factors.


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