PENGARUH TOTAL ASSET TURNOVER, NET PROFIT MARGIN, DAN DEBT TO EQUITY RATIO TERHADAP PROFITABILITAS

Abstract

Pharmaceutical company is one of fast growing industry supported by a growing market. This research aims to recognize the influence of Total Asset Turnover, Net Profit Margin and Debt to Equity Ratio on profitability of pharmaceutical companies, which are listed in the Indonesia Stock Exchange during the 5 years’ study period of 2012 – 2016. This research used financial statements of 11 companies as research population. Purposive sampling method is used as sampling technique. With purposive sampling method, this research got samples from 8 companies. The data that was used in this research is in secondary form, which are financial statements of pharmaceutical companies that are listed in the Indonesia Stock Exchange. The result of the research shows that Total Asset Turnover has a positive and significant influence on profitability. Net Profit Margin has a positive and significant impact on profitability. Debt to equity ratio has a negative and insignificant influence on profitability.
Keywords: Total asset turnover, net profit margin, debt to equity ratio and return on asset.