PENGARUH WCT, QR DAN DER TERHADAP ROA PADA INDUSTRI MAKANAN DAN MINUMAN

Yuliani, Yuliani and Supriyadi, Untung (2015) PENGARUH WCT, QR DAN DER TERHADAP ROA PADA INDUSTRI MAKANAN DAN MINUMAN. Jurnal Manajemen Usahawan Indonesia, 44 (2). pp. 13-22. ISSN 0302-9859

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Abstract

ABSTRACT This study aimed to analyze the effect of working capital turnover (WCT), quick ratio (QR), debt to equity (DER) of the return on assets (ROA) in the food and beverage industry. The study population across sub-sectors of food and beverage companies listed in Indonesia Stock Exchange (BEI). Samples numbered 12 companies acquired by purposive sampling method. Observations were made to the data in the period 2009-2013, the analysis unit 60 observations. Data were analyzed using linear regression. Based on the results of the empirical test, WCT not significantly affect ROA. This result indicates that the WCT is not able to explain ROA of the food and beverages sub-sector on Stock Exchange during the 2009-2013 period. The results of empirical tests of the effect of QR on ROA is significantly positive. This shows that the amount of QR able to explain the variation changes of the increase in ROA. These findings suggest that the QR able to contribute to the rate of return on assets and thus the company is able to work effectively. The results of empirical tests indicates that the influence of ROA to DER is not significant. That is, it is not enough evidence to show that the magnitude DER food and beverage companies are able to contribute to ROA. Descriptive statistics show, the average DER of 1.17%, while the average ROA is 0.13%. This indicates that a high DER does not affect ROA. DER tendency is high, greater than 50%, making the company faced difficulties to increase net profit. This company prefers repayment obligations in an effort to maintain the trust of company, so the increase in net income is not the focus of concern. In general, the results showed that working capital turnover and debt to equity is not significant to the return on assets, while the quick ratio has a significant positive effect on return on assets. Weak coefficient of determination shows the need to explore other variables that have not been included in this research model. KEY WORDS : Working capital turnover, quick ratio, debt to equity ratio, return on assets

Item Type: Article
Subjects: H Social Sciences > HJ Public Finance > HJ9-9940 Public finance
Divisions: 01-Faculty of Economics > 61001-Management (S3)
Depositing User: Dr YULIANI YULIANI
Date Deposited: 09 Dec 2019 02:27
Last Modified: 09 Dec 2019 02:27
URI: http://repository.unsri.ac.id/id/eprint/20558

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