PENGARUH KINERJA KEUANGAN TERHADAP PERUBAHAN LABA PERUSAHAAN FARMASI DI BURSA EFEK INDONESIA

Abstract

Financial statement of the company is a description of the condition of a company which includes financial
position and the achievements which have been obtained by the company are reflected in the financial statement.
Various analysis instruments can be applied to process financial statement and one of the analysis instruments
is financial ratio analysis. The purpose of this research is to find out the influence of current ratio, debt to total
asset ratio, total asset turnover, and return on assets to the changes in profit. The samples are pharmaceutical
companies which are listed in Indonesia Stock Exchange and these companies have been selected by using
purposive sampling. The data is the financial statement from 2011 to 2014. The analysis technique has been done
by using multiple linear regression analysis, F test, and t test. Based on the result of the research, it has been
found that current ratio has significant and positive influence since its regression coefficient value is 0.731 and t
test significance value is smaller than 0.05 that is 0.024. Debt to total asset ratio has positive and insignificant
influence since its regression coefficient value is 0.498 and t test significance value is larger than 0.05 that is
0.581. Total asset turnover has positive and significant influence since its regression coefficient is 1.014 and t
test significance value is smaller than 0.05 that is 0.024. Return On Asset has negative and insignificant
influence since its regression coefficient is -1.629 and t test significance value is larger than 0.05 that is 0.382.
Keywords: Current Ratio, Debt to Total Asset Ratio, Total Asset Turnover, Return on Assets, Changes in Profit