THE INFLUENCE OF LIQUIDITY AND SOLVENCY ON PROFITABILITY IN METAL COMPANIES AND THE LIKE PERIOD 2010-2018

Septiani Rizki Amalia Prima Putri, Suparno Suparno

Abstract


This research aims to know The Effect of Liquidity as Current Ratio (CR) and Solvency as Debt to Equity Ratio (DER) partially and simultaneously on Profitability as Return On Asset (ROA) at Metal and Allied Company Listed On Indonesia Stock Exchange 2010-2018. The technique to determine the sample is Purposive Sampling and obtained 4 companies during 9 years of research. The research method was used descriptive verificative with multiple linear regression analysis. The result showed that Liquidity (CR) has a effect on Profitability (ROA), because thitung > tabl (2,977 > 2,040) and 0,006 < 0,05 of significant value. Solvency (DER) has no effect on Profitability (ROA) because thitung < ttabel (-0,415 < 2,040) and 0,681 > 0,05 of significant value. Liquidity (CR) and Solvency (DER) has a effect on Profitability (ROA), because fhitung > ftabel (9,209 > 3,28) and 0,001 < 0,05 of significant value.


Keywords


Liquidity, Solvency, Profitability

Full Text:

PDF

References


Arifin, A. 2019. Analisis Faktor-Faktor yang Berpengaruh terhadap Kinerja Keuangan Perusahaan Otomotif dan Komponen Yang Terdaftar di Bursa Efek Indonesia. Festival Riset Ilmiah Manajemen &Akuntansi. ISSN 2614-6681, Hal 476-483.

Bolek, M., dan Wociech W. 2012. The influence Of Liquidity On Profitability Of Polish Construction Sector Companies. eFinanse. ISSN 1734-039X, Vol. 8 2012, Hal 38-52.

Dahiyat, A. 2016. Does Liquidity and Solvency Affect Banks Profitability? Evidance from Listed Banks in Jordan. International Journal of Academic Research in Accounting, Finance and Management Sciences. ISSN 2225-8329, Vol. 06 No. 1 January 2016, Hal 35-40.

Dewi, N.M., dan I Dewa N.W. 2017. Pengaruh profitabilitas dan solvabilitas pada audit delay dengan ukuran perusahaan sebagai variabel pemoderasi. E-jurnal Akuntansi Universitas Udayana. ISSN 2302-8556, Vol.20 No. 1 Juli 2017, Hal 409-437.

Fahmi, I. 2017. Analisis Kinerja Keuangan. Bandung: Alfabeta, Cv.

Hery, 2018. Analisis Laporan Keuangan. Jakarta: Penerbit PT. Grasindo.

Ibrahim, S.S. 2017. The Impacts Of Liquidity On Profitability In Banking Sectors Of Iraq: A Case Of Iraqi Commercial Banks. Journal of Finance & Banking Studies. ISSN 2147-448, Vol. 6 No. 1 2017, Hal 113-121.

Kasmir. 2017. Analisis Laporan Keuangan. Jakarta: Raja Grafindo.

Khidmat, W.B., dan Mobeen U.R. 2014. The Impact of Liquidity & Solvency on Profitability Chemical Sectors Of Pakistan. Ekonomika Management Inovace. ISSN 1805-353X, Vol. 6 Issue 3 2014, Hal 3-13.

Mahardika, P.A., dan Marbun D.P. 2016. Pengaruh Current Ratio dan Debt to Equity Ratio terhadap Return On Asset. Widyakala. ISSN 2337-7313, Vol. 3 Maret 2016, Hal 23-28.

Mappanyuki, R., dan Meipita S. 2017. The Effect Of Sales Growth Ratio, Inventory Turnover Ratio, Growth Opportunity To Company’s Profitability (Survey In Indonesia’s Stocks Exchange). Semarang: University of Diponegoro. ISBN 978-93-86291-90-5.

Nadeak, T., dan Pratiwi, F. 2019. Pengaruh Likuiditas dan Solvabilitas Terhadap Profitabilitas (Studi Kasus Pada Perusahaan Manufaktur Sub Sektor Makanan dan Minuman Yang Terdaftar di BEI Periode Tahun 2012-2016). Jurnal Buana Akuntansi. ISSN 2580-5452, Vol. 4 No. 2, Hal 72-83.

Solihin, D. 2019. Pengaruh Current Ratio dan Debt to Equity Ratio terhadap Return On Asset (ROA). Jurnal Ilmiah Prodi Manajemen Universitas Pamulang. ISSN 22406-8616, Vol. 7 No. 1 Juni 2019, Hal 115-122.

Sugiyono. 2018. Metode Penelitian Kuantitatif dan R&D. Bandung: Penerbit Alfabeta.

Rizki, M.S. 2019. Pengaruh Rasio Likuiditas dan Solvabilitas Terhadap Profitabilitas Dengan Pendekatan Structural Equation Modelling. Jurnal Manajemen dan Bisnis. ISSN 1410-4571, Vol. 3 No.1 Juni 2019, Hal 94-101.

Utama, A.C., dan Abdul M. 2014. Pengaruh Current Ratio, Debt to Asset Ratio,dan Perputaran Modal KerjaTerhadap Return On Asset Pada Perusahaan Manufaktur Yang Terdaftar di Bursa Efek Indonesia Tahun 2010-2012. Diponegoro Journal Of Accounting. ISSN 2337-3806, Vol. 03 No. 02 Tahun 2014, Hal. 1-13.

Wartono, T. 2018. Pengaruh Current Ratio (CR) dan Debt to Equity (DER) Terhadap Return On Asset (ROA) (Studi pada PT. Astra International, Tbk). Jurnal Kreatif. ISSN 2406-8616, Vol. 6 No. 2 April 2018, Hal 78-97.

Wulandari, B. 2019. Pengaruh Likuiditas, Manajemen Aset, Perputaran Kas dan Struktur Modal terhadap Kinerja Keuangan pada Perusahaan Manufaktur Yang Terdaftar Di Bursa Efek Indonesia. Riset & Jurnal Akuntansi. ISSN 2548-9224, Vol. 4 No. 1 Februari 2020, Hal 176-190.

Yameen, Dr. M., dan Dr. Asif P. 2016. Impact Of Liquidity, Solvency, and Efficiency On Profitability Of Steel Authority Of India Limited. International Journal Of Accounting Research (IJAR). Vol. 2 No. 12 2016, Hal 32-41.

Referensi website:

www.idx.co.id

www.idnfinancials.com

www.Kemenperin.go.id




DOI: https://doi.org/10.26618/jeb.v15i1.2147

Refbacks

  • There are currently no refbacks.


Copyright (c) 2019 Jurnal Ekonomi Balance

Creative Commons License
This work is licensed under a Creative Commons Attribution 4.0 International License.

View My Stats

Flag Counter