PENGARUH RASIO LIKWIDITAS, LEVERAGE, PRODUKTIVITAS DAN PROFITABILITAS TERHADAP PERUBAHAN LABA PADA PERUSAHAAN MANUFAKTUR YANG TERDAFTAR DI BURSA EFEK INDONESIA
Daftar Isi:
- Financial statement user requires information of financial statement to analyse condition and performance a company. In financial statement analysis is needed of calculation and interpretation of financial ratios. Financial ratios is measuring instrument standing in predicting change of profit in coming. This research focused at role of financial ratios in predicting profit in future. Goal of this research is to test in good empiric partially and simultaneous that financial statement based on by financial ratios has role in predicting profit in future. There is 18 financial ratios which will be tested in predicting profit change. Eight of this financial ratios compassion represents ratio Leverage (TLTA, NWTFLA, CLI, CLE, OITL), Liquidity Ratio (CR, QR, CFTL, CFCL, WCTA), Productivity Ratio (STA, INWC, QAI, NWS), and Profitability ratio (NPM, ROE, ROA, RETA) placed as independent variable while predicting earning as dependent of variable. Data research is 33 financial statement of manufacturing business listed in Indonesian Stock Exchange, ended on the year 2004, 2005, 2006 and 2007. Statistical Methods Logistic Regression applied to test role of financial ratios in predicting earning change. Result of research indicates that financial ratios doesn't influence change of earning in significant. But result of this research has some weakness. Firstly, economics factor like inflation and rate of interest is not include as component of consideration though the factor possibly influences company business which can influence result of this research. Second, size effect (company size) is not tested though company size possibly influences company in yielding earning. Third, main base from this research is apply research before all hence happened difference of condition causing difference result of examination and accuracy of prediction with former research. In consequence, research about financial ratios is study research that need to be further that be provable accurately existence of role difference from every ratio as predictor so that knowable ratios standing as earning predictor.