PENGARUH CR, NPM, GPM, DAN TATO TERHADAP PERTUMBUHAN LABA PADA PERUSAHAAN FARMASI

Abstract

This research aims to determine the influence of current ratio, net profit margin, gross profit margin, and total asset turnover on the profit growth in pharmaceutical sub-sector which is listed in Indonesia Stock Exchange in 2011-2016. Data collection in this research is using secondary data, in the form of financial statements from the Indonesia Stock Exchange. The method that been used to determine the sample is using purposive sampling method. While the sample of companies studied are 9 companies in the pharmaceutical sub-sector which is listed in the Indonesia Stock Exchange in 2011-2016. The analysis technique that been used in this research is multiple linear regression analysis. Partial test results show that only total asset turnover that negatively significant to profit growth, while the current ratio has no significant effect on profit growth, net profit margin has no significant effect on profit growth, gross profit margin has an insignificant effect on profit growth. This research can be concluded that the increase or decrease of profit growth can be influenced by current ratio, net profit margin, gross profit margin, and total asset turnover.
Keywords: Current ratio, net profit margin, gross profit margin, total asset turnover and profit growth