PENGARUH RASIO KEUANGAN TERHADAP LABA PADA PERUSAHAAN MANUFAKTUR SEKTOR KESEHATAN

Abstract

This research aimed to examine the effect of financial ratios on profit at manufacturing companies in the health sector listed on Indonesia Stock Exchange during 2016-2020. Furthermore, the financial ratio was measured by Current Ratio, Total Assets Turnover, Debt to Assets Ratio, and Return on Assets. The sample collection conducted by saturated sampling. Meanwhile, the research sample used 8 manufacturing companies in the health sector. Furthermore, the research was quantitative. Moreover, the data analysis method used multiple linear regression, classical assumption test, proper model test and t-test with SPSS 25. The research result concluded that the current ratio had a negative and insignificant effect on the profit. Total assets turnover had a positive but significant effect on the profit, Moreover, Debts to assets ratio had a negative and significant effect on the profit. On the other hand, return on assets had a negative and insignificant effect on the profit at manufacturing companies in the health sector listed on Indonesia Stock Exchange during 2016-2020.