Analysis of the Effect of Current Ratio, Working Capital, Debt Ratio on the Performance of Various Industrial Companies Listed on the IDX

Authors

  • Refni sukmadewi STIE PERSADA BUNDA

DOI:

https://doi.org/10.54099/hbr.v1i1.25

Keywords:

Current Ratio, Working Capital, Financial Performance

Abstract

The purpose of this study is to prove the effect of financial ratios Current Ratio, Working Capital Debt Ratio on the performance of various industrial companies as measured by profits variables on company performance.The object of research is the various industrial sector companies operating in Indonesia in 2017-2019. The sampling technique in this study used a purposive sampling technique, namely the selection of sampling based on certain criteria. The analysis technique used is multiple regression analysis. To determine the accuracy of the model, it is necessary to test several classical assumptions that underlie the regression model. Classical assumption tests used in this study include tests, normality, multicollinearity, heteroscedasticity and autocorrelation. The results partially show that current ratio and debt ratio has a significant effect on performance, while working capital has no significant effect on performance. Simultaneously current ratio, working capital and debt ratio have a significant effect on profitability.

References

Alexandri, Moh. Benny. 2008. Manajemen Keuangan Bisnis. Cetakan Kesatu. Bandung: Alfabeta.

Cahyaningtyas. 2008. Penggunaan Analisis Ratio Finansial Untuk Mengetahui Prestasi Manajer Keuangan Dalam Mengelola Perusahaan (Perusahaan semen yang listing di BEJ). Skripsi. Fakultas Ekonomi. Universitas Merdeka Malang

Fahmi, Irham. 2012. Analisis Kinerja Keuangan. Alfabeta. Bandung.

Harahap, Sofyan Syafri. 2011. Analisis Kritis atas Laporan Keuangan. PT. Raja Grafindo Persada. Jakarta.

Hariadi, Indra. 2013. Penilaian Kinerja Keuangan Perusahaan Berdasarkan Analisis Rasio Keuangan Dan Economic Value Added (EVA). Skripsi. Fakultas Ilmu Administrasi. Universitas Brawijaya Malang

Herman, Herman. 2021. “Impact of Inflation and City Minimum Wages on Human Development Index in Indonesia.” Husnayain Business Review 1(1).

Iskamto, dedi, Arhipen Yapentra, Elida Gultom, Misdawati, Wetri Febrina, Budi santosa, and AT Bon. 2021. “The Exploratory Factor Analysis on Firms Performance of Micro and Small Enterprises.” in Proceedings of the 11th Annual International Conference on Industrial Engineering and Operations Management. Singapore: IEOM Society International.

Iskamto, Dedi, Kurniati Karim, Sukono, and Talib Bon. 2020. “Impact of Employee Satisfaction on Work Discipline in Government Office in Indonesia.” P. 13 in The International Conference on Industrial Engineering and Operations Management. Detroit, MI, USA,: IEOM Society International.

Iskamto, Dedi, Puspa Liza Ghazali, and Asyraf Aftanorhan. 2020. “Exploratory Factor Analysis (EFA) To Measure Entrepreneur Satisfaction.” P. 9 in The International Conference on Industrial Engineering and Operations Management. Detroit, MI, USA.

Iskamto, Dedi. 2020. “Role of Products Element In Determining Decisions of Purchase.” Inovbiz: Journal of Business Innovation 8(2):200. doi:10.35314/inovbiz.v8i2.1424.

Iskamto. 2015. “‪Market Anomalies on the Indonesia Stock Exchange.” Journal of Business Management Tepak VII(3).‬

James C. Van Horne dan John M. Wachowicz, 2012, Prinsip-prinsip Manajemen Keuangan, Salemba Empat, Jakarta.

Juliansyah, Noor. 2011. Metode Penelitian. PT. Bhuana Ilmu Populer. Jakarta

Jumingan, 2008, Analisis Laporan Keuangan, Bumi Aksara, Jakarta

Masyhuri dan Zainuddin,M. 2008. Metodologi Penelitian: Pendekatan Praktis dan Aplikasi. Bandung: Refika Aditama.

Munawir, 2008, Analisis Informasi Keuangan, Liberty Yogyakarta, Yogyakarta

Riduwan and Sunarto. 2009. Introduction to Statistics for Research. Second printing. Bandung: Alphabeta.

Riyanto, Bambang. 2010. Dasar–Dasar Pembelanjaan Perusahaan. BPFE. Yogyakarta.

Sanusi Anwar, 2011, Metodologi Penelitian Bisnis, Salemba Empat, Jakarta.

Sartono Agus, 2010, Manajemen Keuangan Teori Dan Aplikasi, BPFE Yogyakarta, Yogyakarta.

Sartono, Agus. 2011. Manajemen Keuangan (Teori dan Aplikasi). BPFE. Yogyakarta.

Setiawati. 2021. “Analysis of the Effect of Capital Structure and Dividend Policy on Company Value in Manufacturing Companies on the IDX.” Husnayain Business Review 1(1).

Sugiyono. 2008. Metode Penelitian Kunatitatif Kualitatif dan R&D. Bandung Alfabeta.

Syahsudarmi, Siti. 2021. “Does Coaching Affect Employee Work Professionalism? A Study of the State Apparatus in Indonesia.” Husnayain Business Review 1(1).

Downloads

Published

2022-05-30

How to Cite

sukmadewi, R. (2022). Analysis of the Effect of Current Ratio, Working Capital, Debt Ratio on the Performance of Various Industrial Companies Listed on the IDX. Husnayain Business Review, 2(1), 1–9. https://doi.org/10.54099/hbr.v1i1.25

Issue

Section

Articles