PENGARUH TOTAL ASSET TURNOVER, RETURN ON ASSET, DAN DEBT TO ASSET RATIO TERHADAP PERTUMBUHAN LABA

Abstract

The pharmaceutical company is a company which use their huge asset in running their operational. At this point, the company is expected to give advantages to society. This research aimed to examine the effect of total asset turnover, Return on Asset, and Debt to Asset Ratio on the profit growth of the pharmaceutical company which were listed on indonesia Stock Exchange. This research was quantitative, with casual-comparative as its approach. Furthermore, the data used secondary in the form of financial statement which was taken from indonesia Stock Exchange. Moreover, the data collection technique used purposive sampling. In addition, there was 6 pharmaceutical companies which were listed on Indonesia Stock Exchange 2013-2017. The research result concluded, based on moel proper test examine the effect of total asset turnover, Return on Asset, and Debt to Asset Ratio had significant on the profit growth. The research result, partially, concluded total asset turnover had negative and significant effect on the profit growth. On the other hand, Return on Asset had positive and insignificant effect on the profit growth. Moreover, Debt to Asset Ratio had positive and significant effect on the profit growth.
Keywords: TATO, ROA,DAR, profit growth