Changes in Profit Under the Influence of Debt to Equity Ratio and Current Ratio
Abstract
This research aims to determine the effect of Debt to Equity Ratio and Current Ratio on changes in profits in Automotive and Component companies listed on the Indonesia Stock Exchange from 2020 to 2023. Based on the research, it can be concluded that partially the Debt to Equity Ratio has a significant negative effect on profits in Automotive and Component companies listed on the Indonesia Stock Exchange. Meanwhile, the Current Ratio also has a significant negative effect on the profits of Automotive and Component companies listed on the Indonesian Stock Exchange. Simultaneously, the Debt to Equity Ratio and Current Ratio have a significant effect on changes in profits in Automotive and Component companies listed on the Indonesian Stock Exchange.
Keywords
Full Text:
PDFReferences
Barus, M., Sudjana, N., & Sulasmiyati, S. (2017). The Use of Financial Ratios to Measure the Company's Financial Performance (Studies At PT. Astra Otoparts, Tbk and PT. Goodyer Indonesia, Tbk which are Go Public on the Indonesia Stock Exchange). Brawijaya University Undergraduate Journal of Business Administration, 44(1), 154–163.
Brigham, E.F., & Houston, J.F. (2010). Financial Management Eighth Edition. Jakarta: Erlangga.
Darsono, & Ashari. (2015). Practical Guidelines for Understanding Financial Statements. Yogyakarta: ANDI.
Dewa, AP, & Sitohang, S. (2015). Financial Performance Analysis of PT. Indofood Sukses Makmur TBK on the Indonesia Stock Exchange. Journal of Management Science and Research, 4(3), 1–12.
Fahmi, I. (2014). Introduction to Financial Management. Bandung: Alphabeta.
Fajrin, PH, & Laily, N. (2016). Profitability and Liquidity Analysis of the Financial Performance of PT. Indofood Sukses Makmur, Tbk. Journal of Management Science and Research, 5(6), 1–18.
Fidhayatin, SK, & Uswati Dewi, NH (2012). Analysis of company value, company performance and company growth opportunities on stock returns in manufacturing companies listed on the stock exchange. The Indonesian Accounting Review, 2(2), 203–214.
Handoko, TH (2014). Management. Yogyakarta: BPFE.
Harahap, S. (2010). Critical Analysis of Financial Statements (First). Jakarta: Raja Grafindo Persada.
Harry. (2015). Management Performance Analysis. Jakarta: PT Gramedia Widiasarana Indonesia.
Horne, J. C. Van, & John M. Wachowicz, J. (2012). Financial Management Principles. Edition 13. Jakarta: Salemba Empat.
Ismayanti, & Hanafi. (2014). .Financial management. Yogyakarta: BPFE.
Friday. (2016). Analysis of financial statements. Jakarta: Rajawali Press.
cashmere. (2014). Financial Statement Analysis. Jakarta: Raja Grafindo Persada.
Laila, N. (2017). Financial Statement Analysis as a Tool for Evaluating Financial Performance at PT. Wijaya Karya (Persero) Tbk and PT. Waskita Karya (Persero) Tbk. Journal of Business Administration, 5(3), 577–588.
Munawir. (2010). Analysis of financial statements. Jakarta: Salemba Empat.
Munawir. (2012). Financial Accounting and Management. Yogyakarta: BPFE.
Murhadi, WR (2015). Analysis of Projected Financial Statements and Stock Valuation. Jakarta: Salemba Empat.
Muslih, M. (2019). The Effect of Cash Turnover and Liquidity (Current Ratio) on Profitability (Return On Assets). Krishna : Collection of Accounting Research, 11(1), 47–59.
Pongoh, M. (2013). Financial Statement Analysis to Assess Financial Performance of PT. Bumi Resources Tbk. Emba's Journal, 1(3), 669–679.
Prastowo, D. (2015). Financial Statement Analysis Concepts and Applications. Yogyakarta: UPP STIM YKPN.
Rambe, M. F. (2013). Effect of Capital Structure and Profitability on Debt Policy in Food and Beverage Companies in Indonesia. Scientific Journal of Management and Business, 13(1), 85–97.
Riyanto, B. (2012). Corporate Spending Fundamentals. Yogyakarta: BPFE.
Saragih, F. (2013). Profitability Ratio Analysis In Assessing Company Financial Performance At Pt. Port of Indonesia I (Persero) Medan. Economist: Journal of Economics and Development Studies, 57–68.
Sartono. (2011). Financial Management (Theory and Application). Yogyakarta: BPFE.
Sawir, A. (2009). Financial Performance Analysis and Corporate Financial Planning. Jakarta: PT. Gramedia Main Library.
Siregar, QR (2016). The Influence of Inventory Turnover and Accounts Receivable Turnover on Liquidity in Automotive Companies Listed on the Indonesia Stock Exchange for the 2010-2013 Period. Scientific Journal of Management and Business,
Sudana, IM (2011). Corporate Financial Management Theory & Practice. Jakarta: Erlangga.
Sugiyono. (2012). Business Research Methods. Bandung: Alphabeta.
Syamsuddin, L. (2009). Corporate Financial Management: Application Concepts in Planning, Monitoring, and Decision Making. Jakarta: Raja Grafindo Persada.
Wild, J., Subramanyam, K. R., & Halsey, R. F. (2012). Financial Statement Analysis. Eleventh Edition, Book One. Jakarta: Salemba Empat.
Yusa, FF (2016). Analysis of Liquidity Ratios and Profitability Ratios in Order to Improve Financial Performance (Case of Cosmetics and Household Goods Companies Listed on the Indonesia Stock Exchange. Jom Fisip, 3(2), 1–13.
DOI: https://doi.org/10.30596/miceb.v2i0.849
Refbacks
- There are currently no refbacks.