Profitability Ratio Analysis Of Capital Structure At Pt. Sekar Bumi, Tbk.

Richa Anugrah Setiani

Abstract


In the current era of globalization, advances in science and technology have caused world economic activities to develop very rapidly. The company's goal is to maximize profits. To measure the level of profit used profitability ratios. The profitability of a company can be influenced by the inventory used for the continuity of a production process. The purpose of this study was to determine whether there is an effect of the ratio of Net Profit Margin (NPM), Gross Profit Margin (GPM), Return On Assets (ROA), and Return On Equity (ROE) on the Debt to Equity Ratio (DER) at PT. Sekar Earth. Tbk. Population for 15 Years. Sampling using purposive sampling method so that the number of samples obtained is 10 years. The data analysis technique used is carried out with the help of the Statistical Package For The Social Science (SPSS) program, namely by performing multiple linear regression analysis which is carried out to determine the dependence of a dependent variable with two or more independent variables through a test requirement, namely passing the classical assumption test consisting of from normality test, multicollinearity test, heteroscedasticity test, and autocorrelation test. and tested the hypothesis. The results of this study indicate that the Net Profit Margin (NPM) has a positive and insignificant effect on the Debt to Equity Ratio (DER) at PT. Sekar Bumi, Tbk. Gross Profit Margin (GPM) has a negative and insignificant effect on the Debt to Equity Ratio (DER) at PT. Sekar Bumi, Tbk. Return on Assets (ROA) has a negative and significant effect on the Debt to Equity Ratio (DER) at PT. Sekar Bumi, Tbk. And Return On Equity (ROE) has a positive and significant effect on the Debt to Equity Ratio (DER) at PT. Sekar Bumi, Tbk.

Full Text:

PDF

References


Andika, I. K. R., & sedana, I. B. P. (2019). Pengaruh profitabilitas, struktur aktiva, dan ukuran perusahaan terhadap struktur modal. E-jurnal manajemen universitas udayana, 8(9), 5803–5824.

Dewa, A. I. Y. M. D., & Gede, M. S. (2017). Pengaruh profitabilitas, ukuran perusahaan, dan pertumbuhan aset terhadap struktur modal dan nilai perusahaan. E-jurnal manajemen unud, 6(4), 2222–2252.

Hidayat, O. E. M., Nurlaela, S., & Samrotun, Y. C. (2021). Pengaruh current ratio, struktur aktiva dan return on asset terhadap struktur modal. 17(2), 217–227.

Infantri, R. D. (2015). Pengaruh likuiditas, profitabilitas terhadap struktur modal perusahaan otomotif yang terdaftar di bei. Jurnal ilmu dan riset manajemen, 4(7), 1–15.

Kholifah, D., Abbas, D. S., & Hakim, M. Z. (2021). Pengaruh ukuran perusahaan, growth, dan npm terhadap struktur modal (pada sektor perdagangan jasa dan investasi yang terdaftar di bei tahun 2017-2019). Universitas muhammadiyah jember, 577–583.

Nyandra, R. (2014). Pengaruh gross profit margin, return on equity, earning per share, dan current ratio terhadap struktur modal (der) pada perusahaan manufakturyang terdaftar di bursa efek indonesia tahun 2010 s/d 2012.

Purnasari, N., Simanjuntak, A., Sultana, A., Manik, l. M., & Halawa, S. R. (2020). Pengaruh ukuran perusahaan, gpm, risiko bisnis terhadap struktur modal pada perusahaan manufaktur di bei. Owner (riset dan jurnal akuntansi), 4(2), 640–647.

Sugiyono. (2019). Metode penelitian manajemen. Alfabeta, cv.

Susilowati, E., & narundana, V. T. (2020). Pengaruh profitabilitas terhadap struktur modal pada perusahaanbidangpertanian yang terdaftar di bei. Jurnal manajemen dan bisnis (jmb), 1(1), 1–13.

Yuningsih, V. (2020). Pengaruh net profit margin (npm) dan earning per share (eps) terhadap return saham dengan struktur modal sebagai variabel intervening. Entrepreneurship bisnis manajemen akuntansi (e-bisma), 29–38.

Zuhro, F. (2016). Pengaruh ukuran perusahaan, pertumbuhan aset, dan profitabilitas terhadap struktur modal. Jurnal ilmu dan riset manajemen, 5(5), 1–16.

Zulkarnain, M. (2020). Pengaruh likuiditas dan profitabilitas terhadap struktur modal. Forum ekonomi, 22(1), 49–54




DOI: https://doi.org/10.26618/inv.v4i2.9003

Refbacks

  • There are currently no refbacks.


Flag Counter