PENGARUH RASIO KEUANGAN TERHADAP PROFITABILITAS PADA PERUSAHAAN PULP DAN KERTAS DI BEI

Abstract

This research aimed to find out the effect of Current Ratio, Debt To Asset Ratio, Inventory Turnover, Quick Ratio and Total Asset Turnover on Profitability of pulp and paper companies which were listed on Indonesia Stock Exchange (IDX) 2014-2018. The population was 9 pulp and paper companies which were listed on Indonesia Stock Exchange (IDX) 2014-2018. While, the data collection technique used puposive sampling, in which the sample based on criteria given. In line with, there were 8 companies as sample. Moreover, the data analysis technique used multiple linear regression with SPSS ( Sdtatistic Product and Service Solution) 21. Based on data analysis, the independent variables were current ratio, debt to assets ratio, inventory turnover, quick ratio, and total assets turnover. Meanwhile, the dependent variables was return on assets. Furthermore, the research result concluded current ratio had negative and insignificant effect on profitability. Additionally, debt to assets ratio had negative significant effect on profitability. On the other hand, inventory turnover, quick ratio, and total asset turnover had positive but insignificant effect on profitability.
Keywords : current ratio, debt to asset ratio, inventory turnover, quick ratio, total asset turnover, return on asset