FINANCIAL RATIOS AND FINANCIAL DISTRESS IN RETAIL TRADE SECTOR COMPANIES

2021 ◽  
Vol 07 (01) ◽  
Author(s):  
Hendro Sasongko ◽  
Agung Fajar Ilmiyono ◽  
Annisa Tiaranti ◽  
Keyword(s):  
Regression Analysis ◽  
Financial Distress ◽  
Sampling Method ◽  
Stock Exchange ◽  
Retail Trade ◽  
Return On Assets ◽  
Current Ratio ◽  
Purposive Sampling ◽  
Research Population ◽  
Trade Sector

Abstract: The purpose of this study is to examine and explain the effect of the current ratio, return on asset, debt to asset ratio, and total assets turnover to financial distress in the retail trade sub sector for the 2015-2018 period both partially and simultaneously. The research population is all retail trade sector companies listed in Indonesia Stock Exchange (IDX). Sample was selected using the purposive sampling method. The method of data analysis in the form of a quantitative analysis using multiple regression analysis. The results of the study revealed that partially the CR does not affect financial distress while the return on assets, debt to assets ratio and total assets turnover in partial effect on financial distress. Simultaneously, the CR, ROA, DAR and TATO affect the financial distress. This can be a concern for companies to pay more attention to these four elements so that companies avoid financial distress conditions as well as for investors who want to invest. Abstrak: Tujuan dari penelitian ini adalah untuk menguji dan menjelaskan pengaruh current ratio, return on assets, debt to asset ratio, dan total assets turnover terhadap financial distress pada subsektor perdagangan eceran periode 2015-2018 baik secara parsial maupun simultan. Populasi penelitian ini adalah seluruh perusahaan sektor perdagangan eceran yang terdaftar di Bursa Efek Indonesia (BEI). Sampel dipilih dengan menggunakan metode purposive sampling. Metode analisis data berupa analisis kuantitatif dengan menggunakan analisis regresi berganda. Hasil penelitian mengungkapkan bahwa secara parsial CR tidak berpengaruh terhadap financial distress sedangkan return on assets, debt to assets ratio dan total assets turnover secara parsial berpengaruh terhadap financial distress. Secara simultan CR, ROA, DAR dan TATO berpengaruh terhadap financial distress. Hal ini dapat menjadi perhatian bagi perusahaan untuk lebih memperhatikan keempat unsur tersebut agar perusahaan terhindar dari kondisi financial distress serta bagi investor yang ingin berinvestasi.

scholarly journals Pengaruh Current Ratio (CR) Dan Debt To Asset Ratio (DAR) Terhadap Return On Asset (ROA)

2021 ◽  
Vol 4 (2) ◽  
pp. 492-497
Author(s):  
Cindy Febrianti ◽  
Sri Suartini
Keyword(s):  
Sampling Method ◽  
Stock Exchange ◽  
Linear Regression Analysis ◽  
Asset Returns ◽  
Multiple Linear Regression Analysis ◽  
Financial Health ◽  
Return On Assets ◽  
Current Ratio ◽  
Testing Method ◽  
Research Population

One way to look at a company's financial health is by using financial ratios. This study aims to determine and analyze the effect of Current Ratio (CR), Dept to Asset Ratio (DAR) on Return On Assets (ROA). The research population used is all plastic and packaging companies listed on the Indonesia Stock Exchange (BEI) for the 2014-2018 period. The research sample consisted of 9 companies selected using purposive sampling method from 14 companies obtained from the website of the Indonesia Stock Exchange (BEI) and the sites of the sample companies. The hypothesis testing method used is multiple linear regression analysis. The results showed that Current Ratio (CR) has an effect on Return On Assets (ROA). And Dept to Asset Ratio (DAR) has no effect on Return On Assets (ROA). Keywords: Current Ratio, Debt to Assets Ratio, Asset Returns

scholarly journals Pengaruh CR dan DER terhadap ROE pada Perusahaan Perdagangan Eceran di BEI Periode 2015-2018

Owner ◽  
2020 ◽  
Vol 4 (2) ◽  
pp. 657
Author(s):  
Amalia Tiara Balqish
Keyword(s):  
Regression Analysis ◽  
Sampling Method ◽  
Stock Exchange ◽  
Linear Regression Analysis ◽  
Multiple Linear Regression Analysis ◽  
Retail Trade ◽  
Current Ratio ◽  
Return On Equity ◽  
Average Value ◽  
Equity Ratio

Phenomenon in this study lie in the average value of Return on Equity which tends to decline in 2015-2018. While the average value for the Current Ratio and Debt to Equity Ratio has a good value. When the average value of the Current Ratio is good, but the average value of Return On Equity can be said to be bad. This is the purpose of this research, to find out whether there is an effect of Current Ratio and Debt to Equity Ratio on Return On Equity in retail trade subsector companies listed on the Indonesia Stock Exchange period 2015-2018, both partially and simultaneously. This study uses a purposive sampling method in selecting samples from retail trade subsector companies listed on the Indonesia Stock Exchange for the period 2015-2018. This study also uses multiple linear regression analysis methods. The results showed that partially, Current Ratio had no effect on Return On Equity because it had a significance value greater than 0.05, and Debt to Equity Ratio had a significant effect on Return On Equity because it had a significance value of less than 0.05. While simultaneously, Current Ratio and Debt to Equity Ratio significantly influence Return On Equity.

scholarly journals The Effect of Liquidity Ratio and Solvency Ratio on the Profitability of Plantation Subsector Companies Listed on the Indonesian Stock Exchange

2021 ◽  
Vol 1 (1) ◽  
Author(s):  
Refni Sukmadewi ◽  
Dewi Sartika ◽  
Mulyani Rodi Muin ◽  
Deviana Sofyan
Keyword(s):  
Regression Analysis ◽  
Multiple Regression Analysis ◽  
Multiple Regression ◽  
Sampling Method ◽  
Stock Exchange ◽  
Debt Ratio ◽  
Return On Assets ◽  
Current Ratio ◽  
Target Company ◽  
Solvency Ratio

This study was conducted to determine the effect of liquidity and solvency on profitability in plantation sub-sector companies listed on the Indonesia Stock Exchange for the period 2017 to 2020 because it often happens that companies are unable to balance their liquidity and solvency positions because the target company is pursuing profits without compensating management in terms of the ability to pay the debt.This study uses multiple regression analysis with a significance of 0.05. Liquidity variable is measured using current ratio, solvency is measured by debt ratio, while profitability is measured by return on assets. The sampling method used is purposive sampling method. The results partially show that liquidity has a significant effect on profitability, while solvency also has a significant effect on profitability and has a significant effect on profitability. Simultaneously liquidity and solvency have a significant effect on profitability.

PENGARUH RASIO KEUANGAN DALAM MEMPREDIKSI POTENSI KEBANGKRUTAN PADA PERUSAHAAN CUSTOMER GOODS YANG TERDAFTAR DI BURSA EFEK INDONESIA

2015 ◽  
pp. 70-82
Author(s):  
Lamria Sagala
Keyword(s):  
Capital Market ◽  
Financial Distress ◽  
Sampling Method ◽  
Stock Exchange ◽  
Secondary Data ◽  
Return On Assets ◽  
Current Ratio ◽  
Financial Distress Prediction ◽  
Distress Prediction ◽  
A Company

This study aims to identify and analyze the influence of Current Ratio, Debt To Assets Ratio, Return on Assets, and Earning Per Share partially or simultaneously to the prediction of financial distress on customer goods companies listed in Indonesia Stock Exchange.The population in this study is a company customer goods listed in Indonesia Stock Exchange in 2010-2012. Of the 36 listed companies, 32 companies selected samples using purposive sampling method. The data used in this research is secondary data, to gather the information needed from www.idx.co.id and Indonesian Capital Market Directory (ICMD). This study analyzed using logistic regression analysis. The conclusion that can be drawn from this study is that the Current Ratio, Debt To Assets Ratio, Return on Assets, and earning per share has an influence on the prediction of financial distress. While only partially Debt To Assets Ratio which has a significant influence on the prediction of financial distress while the three other independentvariables have no effect on financial distress prediction.

Analisis Rasio Keuangan Untuk Memprediksi Kondisi Financial Distress Perusahaan Menufaktur Yang Terdaftar Di Bursa Efek Indonesia Tahun 2010-2014

2017 ◽  
Vol 24 (2) ◽  
pp. 131-143
Author(s):  
Achmad Tjahjono ◽  
Intan Novitasari
Keyword(s):  
Cash Flow ◽  
Financial Distress ◽  
Sampling Method ◽  
Stock Exchange ◽  
Observation Data ◽  
Return On Assets ◽  
Manufacturing Company ◽  
Research Population ◽  
Independent Variable ◽  
Operating Cash Flow

This study to examine the effect of liquidity to financial distress manufacturing company as measured by current assets, effect of profitability to financial distress manufacturing company as measured by return on assets, the effect of leverage to financial distress manufacturing company as measured by debt ratio, the effect of operating cash flow to financial distress manufacturing company as measured by the operating cash flow divided with current liability. Research population are all manufacturing company that listed in the Indonesia Stock Exchange in 2010-2014. The sampling method in this research is purposive sampling. Samples are 47 companies with as many as 235. The number of observation data analysis method used is logistic regression. The results showed that no effect on the liquidity of financial distress with significant 0.111>0.05. Effect on the profitability of financial distress with significant 0.000<0.05. Leverage does not affect the financial distress with significant 0.167>0.05. Operating cash flow does not affect the financial distress with significant 0.875>0.05. aximum likelihood on effect simultaneous between liquidity, profitability, leverage and operating cashflow to financial distress with significant 0.000<0.05. Koefisient determinasi examination shows value 0.542 that mean 54.2% dependent variable can be explained from independent variable and 45.8% influenced by other variable outside the model.

scholarly journals Model Altman Z-Score Terhadap Kinerja Keuangan di Bursa Efek Indonesia Melalui Pendekatan Regresi Logistik

2019 ◽  
Vol 1 (1) ◽  
pp. 63-72
Author(s):  
Nurul Fitri ◽  
Rachma Zannati
Keyword(s):  
Regression Analysis ◽  
Financial Distress ◽  
Manufacturing Industry ◽  
Stock Exchange ◽  
Manufacturing Companies ◽  
Z Score ◽  
Return On Assets ◽  
Current Ratio ◽  
Analysis Technique ◽  
Equity Ratio

The purpose of this study is to confirm the determinants of financial performance on the condition of financial distress companies through the Altman Model (Z-score) approach. The sample in this study is a manufacturing industry sub-sector company which is listed on the Indonesia Stock Exchange for the period 2013 to 2017. The analysis technique of this study uses logistic regression analysis, and the findings prove that the Current Ratio and Debt to Equity Ratio cannot predict the condition of Financial Distress. Whereas Return On Assets can predict Financial Distress in manufacturing companies. The implications of this finding can contribute to companies in maintaining financialperformance stability so as to avoid financial distress. 

scholarly journals Analisa Kinerja Keuangan Terhadap Financial Distress Pada Perusahaan Tekstil dan Garment Di BEI

2020 ◽  
Vol 8 (3) ◽  
pp. 309-318
Author(s):  
Muhammad Fatikh Satrio Ardi ◽  
Desmintari Desmintari ◽  
Fitri Yetty
Keyword(s):  
Quantitative Study ◽  
Financial Distress ◽  
Sampling Method ◽  
Stock Exchange ◽  
Secondary Data ◽  
Negative Influence ◽  
Total Asset ◽  
Current Ratio ◽  
Purposive Sampling ◽  
Independent Variable

This research is using quantitative study aimed to see the influence of liquidity, leverage, and profitability on financial distress. This research using textile and garment company that listed in Indonesian Stock Exchange as sample. The dependent variable in this study is financial distress and the independent variable in this study is liquidity that measured by current ratio, leverage that measured by debt to total asset ratio and profitability that measured by return on asset ratio. The sampling method in this study is using purposive sampling method. The sample used in this study is 17 Textile and garment company. The type of data used on this study is secondary data. This study is using Regression Logistic Analisys to testing the hypothesis. The result on this research is there are no influence of Leverage and Profitability to financial distress, and there is negative influence of Liquidity to financial distress.   Keyowords : liquidity, leverage, profitabily, financial distress, logistic

Analisis Rasio Keuangan dan Makro Ekonomi Untuk Memprediksi Kondisi Financial Distress Perusahaan Subsektor Makanan & Minuman Yang Terdaftar di Bursa Efek Indonesia Tahun 2015-2019

2021 ◽  
Vol 5 (1) ◽  
Author(s):  
Febriani Kala’
Keyword(s):  
Logistic Regression ◽  
Regression Analysis ◽  
Interest Rates ◽  
Analytical Method ◽  
Financial Distress ◽  
Stock Exchange ◽  
Sampling Technique ◽  
Return On Assets ◽  
Current Ratio ◽  
Leverage Ratio

This study aims to determine the effect of financial and macroeconomic ratios on the company's financial distress. In this study, the financial ratios used are the liquidity ratio with the proxy current ratio (CR), the leverage ratio with the proxy debt to assets ratio (DAR), and the profitability ratio with the proxy for return on assets (ROA). Meanwhile, the macro economy is measured by inflation and interest rates. The sample in this study is the food & beverage sub-sector companies listed on the Indonesia Stock Exchange in 2015-2019. The sampling technique used purposive sampling and obtained 17 companies with 5 years of observation so that there were 85 total observations. The analytical method used is logistic regression analysis using the SPSS version 23 program. The results show that the leverage ratio (DAR) has a positive and significant effect on financial distress, the profitability ratio (ROA) has a negative and significant effect on financial distress, while the liquidity ratio (CR) and macroeconomics as measured by inflation and interest rates have a positive but insignificant effect. against financial distress.

scholarly journals The Effect of Liquidity, Leverage and Profitability on Financial Distress

2020 ◽  
Vol 2 (2) ◽  
pp. 127-133
Author(s):  
Volta Diyanto
Keyword(s):  
Linear Regression ◽  
Multiple Linear Regression ◽  
Financial Distress ◽  
Sampling Method ◽  
Manufacturing Companies ◽  
Return On Assets ◽  
Current Ratio ◽  
Purposive Sampling ◽  
Equity Ratio

This study aims to analyze the effect of liquidity, leverage, and profitability on financial distress in manufacturing companies in Riau province. 129 manufacturing companies experiencing financial distress in Riau province were selected as samples using purposive sampling method. The data were analyzed using multiple linear regression. The results show that the current ratio affects financial distress. The debt to equity ratio affects financial distress. Return on assets affects financial distress.

scholarly journals PENGARUH CAR, LDR DAN BOPO TERHADAP ROA PERUSAHAAN PERBANKAN KONVENSIONAL DI BEI

2020 ◽  
Vol 5 (2) ◽  
pp. 196-210
Author(s):  
Agus Boice Hutagalung ◽  
Muslimin Muslimin ◽  
Enki P Nainggolan
Keyword(s):  
Regression Analysis ◽  
Panel Data ◽  
Sampling Method ◽  
Stock Exchange ◽  
Capital Adequacy ◽  
Return On Assets ◽  
Purposive Sampling ◽  
Panel Data Regression ◽  
Capital Adequacy Ratio ◽  
Data Regression

 This study aims to determine the effect of Capital Adequacy Ratio, Loan to Deposit Ratio, and BOPO simultaneously and partially on Return On Assets of Conventional Banking Companies in the Indonesia Stock Exchange. The population in this study were 42 conventional banking companies listed on the Indonesia Stock Exchange. Sampling was carried out by purposive sampling method with the aim of obtaining samples in accordance with the research objectives and from the number of samples taken as many as 11 companies. The analytical method used in this study is panel data regression analysis. The results of this study indicate that during the period 2012-2016 (1) simultaneously CAR, LDR and BOPO had a significant effect on ROA in conventional banking companies listed on the IDX, (2) CAR partially had no significant effect on ROA, (3) LDR partially no significant effect on ROA, (4) BOPO partially has a significant effect on ROA of conventional banking companies on the Indonesia Stock Exchange. Penelitian ini bertujuan untuk mengetahui pengaruh Capital Adequacy Ratio, Loan to Deposit Ratio, dan BOPO secara serempak dan parsial terhadap Return On Assets Perusahaan Perbankan Konvensional di Bursa Efek Indonesia. Populasi dalam penelitian ini sebanyak 42 perusahaan perbankan konvensional yang terdaftar di Bursa Efek Indonesia. Pengambilan sampel dilakukan dengan metode purposive sampling dengan tujuan untuk mendapatkan sampel yang sesuai dengan tujuan penelitian dan dari jumlah yang ada maka diambil sampel sebanyak 11 perusahaan. Metode analisis yang digunakan dalam penelitian ini adalah analisis regresi data panel. Hasil dari penelitian ini menunjukkan bahwa selama periode 2012-2016 (1) secara simultan CAR, LDR dan BOPO berpengaruh signifikan terhadap ROA pada perusahaan perbankan konvensional yang terdaftar di BEI, (2) CAR secara parsial tidak berpengaruh signifikan terhadap ROA, (3) LDR secara parsial tidak berpengaruh signifikan terhadap ROA, (4) BOPO secara parsial berpengaruh signifikan terhadap ROA perusahaan perbankan konvensional di Bursa Efek Indonesia.

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