PENGARUH KINERJA KEUANGAN TERHADAP NILAI PERUSAHAAN

Abstract

This research aimed to find out the financial performance on the firm value with Debt to Asset Ratio, Total Asset Turnover, and Sales Growth. Furthermore, the research population used the manufacturing companies in the consumer goods industry sector listed on Indonesia Stock Exchange during the 2015-2018 periods.Moreover, this research used quantitative research. Meanwhile, the sample collection technique used purposive sampling with the following criteria: 1) Manufacturing companies in the consumer goods industry that are listed on the Indonesia Stock Exchange for the 2015-2018 period, 2) Manufacturing companies in the consumer goods industry sector that earn a profit every year during the 2015-2018 period, 3) Company financial reports are available during 2015-2018 period, 4) Manufacturing companies in the consumer goods industry that present financial reports in rupiah currency during the 2015-2018 period. The number of samples of manufacturing companies of consumer goods industry sector was 25 companies with total research sample were 100 financial statement. Meanwhile, the analysis method of this research used multiple linear regressions analysis with SPSS 16.The result of this research showed that Debt to Asset Ratio and Total Asset Turnover did not affect on firm value, while Sales Growth had a positive effect on firm value.
Keywords: debt to asset ratio, total asset turnover, sales growth, firm value