Pengaruh Working Capital Turnover (WCT), Current Ratio (CR), Dan Debt To Total Assets (DTA) Terhadap Return On Investment (ROI) (Studi Pada Industri Farmasi Di Bursa Efek Indonesia Tahun 2009-2012

Mashady, Difky (2013) Pengaruh Working Capital Turnover (WCT), Current Ratio (CR), Dan Debt To Total Assets (DTA) Terhadap Return On Investment (ROI) (Studi Pada Industri Farmasi Di Bursa Efek Indonesia Tahun 2009-2012. Sarjana thesis, Universitas Brawijaya.

Abstract

Indikator Adanya Manajemen Modal Kerja Yang Baik Adalah Adanya Efisiensi Modal Kerja. Dalam Penentuan Kebijakan Modal Kerja Yang Efisien, Perusahaan Di Hadapkan Pada Masalah Adanya Pertukaran ( Trade Off ) Antara Faktor Likuiditas Dan Profitabilitas. Perusahaan Juga Dihadapkan Pada Masalah Penentuan Sumber Dana. Jika Perusahaan Menggunakan Lebih Banyak Hutang Dibanding Modal Sendiri Maka Tingkat Solvabilitas Akan Menurun Karena Beban Bunga Yang Harus Di Tanggung Juga Meningkat. Hal Ini Akan Berdampak Terhadap Menurunnya Profitabilitas. Tujuan Penelitian Untuk Mengetahui Bagaimana Dan Seberapa Besar Pengaruh Efisiensi Modal Kerja, Likuditas Dan Solvabilitas Terhadap Profitabilitas Baik Secara Simultan Dan Untuk Mengetahui Variabel Bebas Yang Berpengaruh Dominan Terhadap Return On Investment (ROI) Pada Perusahaan-Perusahaan Industri Farmasi Yang Go Public Di BEI Tahun 2009-2012. Populasi Dalam Penelitian Ini Adalah Kelompok Perusahaan Industri Farmasi Yang Sudah Public Di BEI Periode Tahun 2009-2012. Sampel Yang Diteliti Sebanyak 8 Perusahaan Dengan Cara Purposive Sampling . Variabel Yang Diteliti Meliputi Working Capital Turnover (WCT), Current Ratio (CR) Dan Debt To Total Assets (DTA) Sebagai Variabel Bebas Dan Return On Investment (ROI) Sebagai Variabel Terikat. Data Diperoleh Melalui Data Sekunder Dari BEI Dan Dianalisis Menggunakan Regresi Linear Berganda. Hasil Analisis Menunjukkan Working Capital Turnover (WCT), Current Ratio (CR) Dan Debt To Total Assets (DTA) Berpengaruh Secara Simultan Terhadap Return On Investment (ROI). Secara Parsial Working Capital Turnover (WCT) Merupakan Variabel Yang Berpengaruh Dominan Terhadap Return On Investment (ROI) Perusahaan. Berdasarkan Hasil Penelitian Maka Disarankan Kepada Pihak Manajemen Perusahaan Untuk Mempertahankan Efisiensi Modal Kerjanya Dan Perusahaan Harus Mengelola Likuiditas Dan Solvabilitasnya Secara Efektif Dan Efisien Untuk Menghasilkan Laba Usaha Yang Optimal

English Abstract

Indicator Of Good Working Capital Management Is The Efficiency Of Working Capital. In Determining An Efficient Working Capital Policy, The Company Faced On The Issue Of The Exchange ( Trade-Off ) Between Liquidity And Profitability Factors. Companies Are Also Faced With The Problem Of Determining The Source Of Funds. If The Company Uses More Debt Than Equity Capital The Solvency Level Will Decrease Due To Interest Expense On The Liability Also Increases. This Will Impact On Declining Of Profitability. Research Purposes To Find Out How And How Big The Influence Of The Efficiency Of Working Capital, Liquidity And Solvency Of Profitability Both Simultaneously And To Determine Which Independent Variables Was The Dominant Influence On Return On Investment ( ROI ) In The Pharmaceutical Industry Companies That Went Public On The Stock Exchange In 2009 -2012. The Population In This Study Are Group Of Companies Of Pharmaceutical Industry That Have Gone Public In ISE -Year Period 2009-2012. Samples Which Examined As Many As 8 Companies With The Purposive Sampling. Variables Examined Included Working Capital Turnover ( WCT ), The Current Ratio ( CR ), And Debt To Total Assets ( DTA ) As The Independent Variable And The Return On Investment ( ROI ) As The Dependent Variable . Data Obtained Through Secondary Data From IDX And Analyzed Using Multiple Linear Regression. The Analysis Revealed That Working Capital Turnover ( WCT ), The Current Ratio ( CR ) And Debt To Total Assets ( DTA ) Simultaneously Influence The Return On Investment ( ROI ). Partially Working Capital Turnover ( WCT ) Is The Dominant Variable Affecting The Return On Investment ( ROI ) Enterprises. Based On The Results Of The Study It Is Suggested To The Management Of The Companies To Maintain The Efficiency Of Working Capital And The Company Must Manage The Liquidity And Solvency Effectively And Efficiently To Generate Optimum Operating Income

Item Type: Thesis (Sarjana)
Identification Number: SKR/FIA/2013/540/051400105
Subjects: 600 Technology (Applied sciences) > 658 General management
Divisions: Fakultas Ilmu Administrasi > Ilmu Administrasi Bisnis / Niaga
Depositing User: Budi Wahyono Wahyono
Date Deposited: 09 Jan 2014 13:32
Last Modified: 22 Oct 2021 02:33
URI: http://repository.ub.ac.id/id/eprint/116084
[thumbnail of COVER_-_Daftar_isi_fix.pdf] Other
COVER_-_Daftar_isi_fix.pdf
Download (1MB)
[thumbnail of BAB_I_-_V_fix.pdf] Text
BAB_I_-_V_fix.pdf
Download (3MB)
[thumbnail of Thumbnails conversion from text to thumbnail_lightbox] Other (Thumbnails conversion from text to thumbnail_lightbox)
lightbox.jpg
Download (40kB)
[thumbnail of Thumbnails conversion from text to thumbnail_preview] Other (Thumbnails conversion from text to thumbnail_preview)
preview.jpg
Download (16kB)
[thumbnail of Thumbnails conversion from text to thumbnail_medium] Other (Thumbnails conversion from text to thumbnail_medium)
medium.jpg
Download (4kB)
[thumbnail of Thumbnails conversion from text to thumbnail_small] Other (Thumbnails conversion from text to thumbnail_small)
small.jpg
Download (1kB)

Actions (login required)

View Item View Item