PENGARUH RASIO KEUANGAN DALAM MEMPREDIKSI PERUBAHAN LABA PADA PERUSAHAAN REAL ESTATE DAN PROPERTY

Abstract

This research aimed to examine the effect of financial ratio in predicting the profit changes of real estate and property companies in the three years (2015-2017), which were listed on Indonesia Stock Exchange (IDX). While, for the financial ratio, it was used : GPS (gross profit to sales), NWTLFA (net worth and total liabilities to fixed asset), NITL (net income to total liabilities), and NWS (net worth to sales). The sampling collection technique used purposive sampling. Moreover, there were 46 real estate and property companies 2015-2017, as sample. In addition, the data analysis technique used multiple linear regression with SPSS version 20. The research result concluded NITL ratio (net income to total liabilities) had significant effect on the profit changes. It meant, as there was an increase of company profit, the current liabilities could be covered. As consequence, NITL would be consistent in the profit changes of the next period. On the other hand, GPS ratio (gross profit to sales), NWTLFA (net worth and total liabilities to fixed asset), and NWS (net worth to sales) did not affect on the profit changes.
Keywords: GPS, NWTLFA, NITL, NWS, Profit Changes