PENGARUH PROFITABILITAS, LIKUIDITAS, LEVERAGE, DAN PERTUMBUHAN PENJUALAN DALAM MEMPREDIKSI FINANCIAL DISTRESS

Abstract

This research aimed to find out the effect of profitability, liquidity, leverage, and sales growth on financial
distress condition of consumption goods manufacturing companies which were listed on Indonesia Stock
Exchange. The research was quantitative. Moreover, the data collection technique used purposive sampling, in
which the sample was based on criteria given. Furthermore, the data were secondary which taken from
companies’ financial statement. In line with, there were 155 samples from 31 consumption goods manufacturing
companies which were listed on Indonesia Stock Exchamge during 2014-2018. Additionally, the data analysis
technique used logistics regression analysis with SPSS 20. The research result concluded profitability had
negative effect on financial distress condition of consumption goods manufacturing companies. On the other
hand, leverage had positive effect on financial distress condition of consumption goods manufacturing
companies. In contrast, liquidity did not affect financial distress condition of consumption goods manufacturing
companies. Likewise, sales growth did not affect financial distress condition of consumption goods
manufacturing companies.
Keywords: profitability, liquidity, leverage, sales growth, financial distress