The Influence of Financial Ratios on Profit Growth of Property & Real Estate Companies Listed on the IDX for the Period 2019-2021
Article Sidebar
Published
Aug 29, 2023
Main Article Content
Abstract
Profit growth is considered very important for companies because it can be used to predict future business strategies. In addition, profit growth cannot be separated from the company's financial performance as reflected in financial ratios. This research aims to determine and analyze the influence of the current ratio, debt-to-equity ratio, net profit margin, and total asset turnover toward profit growth. The population in this study was 79 property & real estate companies for three years, while the sample was obtained through a purposive sampling method, namely 20 companies. The data analysis technique used in this research is multiple regression analysis using Eviews 9 software. The results showed that partially, CR and NPM had no significant effect on profit growth, while DER and TAT had a significant effect on profit growth. Simultaneously, all independent variables, namely CR, DER, NPM, and TAT affect profit growth. The predictive ability of the four independent variables simultaneously amounted to 33.8%. This shows the predictive ability of financial ratios on profit growth and can influence investors’ investment decisions.
Article Details
Section
Articles
This work is licensed under a Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 International License.
References
Aiki, D. (2018). pengaruh rasio keuangan terhadap pertumbuhan laba pada perusahaan indeks LQ-45 yang terdaftar di bursa efek indonesia periode tahun 2014 - 2016. Jurnal Ilmiah Mahasiswa FEB, 7(2), 1–17. https://jimfeb.ub.ac.id/index.php/jimfeb/article/view/5510
Arka, Y. A. P. (2022). Tren Pertumbuhan Properti Meningkat pada Triwulan I 2022, Ini Keuntungan Investasi Properti. Kompas.Com. https://www.kompas.com/properti/read/2022/07/16/081100921/tren-pertumbuhan-properti-meningkat-pada-triwulan-i-2022-ini-keuntungan
Baraja, L., & Yosya, E. A. (2018). Analysis the Impact of Liquidity, Profitability, Activity and Solvency Ratio on Change in Earnings. Indonesian Management and Accounting Research, 17(1), 1–17. https://doi.org/10.25105/imar.v17i1.4663
Dianitha, K. A., Masitoh, E., & Siddi, P. (2020). Pengaruh Rasio Keuangan Terhadap Pertumbuhan Laba Pada Perusahaan Makanan Dan Minuman Di Bei. Jurnal Akuntansi : Transparansi Dan Akuntabilitas, 8(2), 127–136. https://doi.org/10.35508/jak.v8i2.2874
Endri, E., Sari, A. K., BUDIASIH, Y., Yuliantini, T., & Kasmir, K. (2020). Determinants of Profit Growth in Food and Beverage Companies in Indonesia. Journal of Asian Finance, Economics and Business, 7(12), 739–748. https://doi.org/10.13106/JAFEB.2020.VOL7.NO12.739
Halomoan, S. (2018). Pengaruh Current Ratio dan Debt to Equity Ratio Terhadap Pertumbuhan Laba Pada perusahaan Property & Real Estate yang terdaftar di Bursa Efek Indonesia Yaang Terdaftar Di Bursa Efek Indonesia Periode 2010-2014. Media Studi Ekonomi, 21(1), 1–20.
Hayati, I., Saragih, D. H., & Siregar, S. (2019). The Effect Of Current Ratio, Debt To Equity Ratio And Roa On Stock Prices In Sharia Based Manufacturing Companies In Indonesia Stock Exchange. Proceeding International Seminar on Islamic Studies, 1, 10–11.
Hersya, S. M., & Huda, S. (2022). Pengaruh Kinerja Keuangan Terhadap Pertumbuhan Laba pada Perusahaan Sub Sektor Kontruksi dan Bangunan Periode 2017-2020. Jurnal Mirai Management, 7(2), 366–374. https://doi.org/10.37531/yume.vxix.324
Indaryani, I., Maryono, & Santosa, A. B. (2022). Pengaruh Rasio keuangan Terhadap Pertumbuhan laba Pada Perusahaan Manufaktur Tahun 2019-2021. 13, 536–547.
Jania, J., & Hernawan, E. (2022). The Effect of Total Asset Turnover, Debt to Equity Ratio, Net Profit Margin, and Firm Size on Profitability in Company of Consumer Goods Industry. ECo-Buss, 20(1), 105–123.
Jufrizen, & Sari, M. (2019). Pengaruh Current Ratio, Debt to Equity Ratio, dan Firm Size Terhadap Turn Equity. Jurnal Riset Akuntansi, 18, 156–191.
Manalu, Y., Fauziah, S., Hardianti, R., Purnomo, A., & Mulyati, Y. (2020). The Influence Of Financial Ratios Towards Profit Growth ( An Empirical Study On Mining Companies In Indonesia Stock Exchange 2016-2019). PalArch Journal of Archaelogy of Egypt/Egyptology, 17(5), 941–950.
Minggus, T., Wasil, M., & Dharmani, I. G. A. A. N. (2020). The Impact of Current Ratio, Debt to Equity Ratio, Net Profit Margin, and Total Asset Turnover Towards The Profit Changes Of Mining Companies Listed On Indonesia Stock Exchange Period 2016-2018. Quantitative Economics and Management Studies, 1(2), 171–180. https://doi.org/10.35877/454ri.qems89
Muzakir, I. (2022). Properti Sumbang Pertumbuhan Ekonomi 3,78 Persen Semester Pertama. Investor.Id.
Nasution, Yuslinda., & Sitorus, Guston. (2022). Pengaruh Current Ratio (CR), Debt To Equity Ratio (DER), Dan Total Assets Turnover (TAT) Terhadap Pertumbuhan Laba Pada Perusahaan Manufaktur Sektor Industri Dasar Dan Kimia Yang Terdaftar Di Bursa Efek Indonesia Tahun 2017-2020. Jurnal Manajemen USNI, 6(2), 61–72. https://doi.org/10.54964/manajemen.v6i2.204
Panjaitan, R. J. (2018). Pengaruh Current Ratio, Debt to Equity Ratio. Net Profit Margin, dan Return On Asset Terhadap Pertumbuhan Laba Pada Perusahaan Consumer Goods yang Terdaftar di Bursa Efek Indonesia Periode 2013-2016. Jurnal Manajemen, 4(1).
Perdana, R. P. (2018). Pengaruh Current Ratio, Debt To Equity Ratio, Total Assets Turnover dan Net Profit Margin Terhadap Pertumbuhan Laba Pada Perusahaan Tambang dan Properti Pada Tahun 2012-2015. Prodi Akuntansi Universitas PGRI Yogyakarta. http://repository.upy.ac.id/id/eprint/1763%0Ahttp://repository.upy.ac.id/1763/1/2018-13133100116-Artikel.pdf
Prastya, W. N., & Agustin, S. (2018). Pengaruh CR, NPM, GPM dan TATO Terhadap Pertumbuhan Laba Pada Perusahaan Farmasi. Jurnal Ilmu Dan Riset Manajemen, 7(6), 1–21.
Rahmawati, R. N., Jhoansyah, D., & Erry, S. (2022). Analisis Current Ratio, Debt To Equity Ratio, Dan Total Asset Turnover Terhadap Pertumbuhan Laba. Management Studies and Entrepreneurship Journal, 3(4), 1–2. www.idx.co.id
Royda. (2019). Pengaruh WCTA, DER, TAT, dan NPM Terhadap Pertumbuhan Laba Pada Perusahaan Manufaktur di Bursa Efek Indonesia. 637–643.
Simorangkir, Enda Noviyanti Samosir, D. Y., & Fitria, D. (2021). The Effect of Current Ratio, Debt To Equity Ratio, Net Profit Margin and Total Asset Turn Over on Earning Growth in Manufacturing Companies in the Mining Sector Listed on the Indonesia Stock Exchange in 2017 – 2019. Jurnal Mantik, 5(2), 620–628.
Tiyas, D. W., Murdiyanto, E., & Rahmawati, Z. (2022). Pengaruh CR , TATO , ROA dan Pertumbuhan Laba Perusahaan Sub Sektor Konstruksi Bangunan terdaftar di BEI. Jurnal Mahasiswa, 4(3).
Yulianti, R., & Dewi Syarif, A. (2021). Analysis of the Effects of Liquidity, Activities, Leverage, and Profitability on Firm Value in Retail Trade Subsector (Idx) 2015-2020 Period. Dinasti International Journal of Digital Business Management, 3(1), 85–98. https://doi.org/10.31933/dijdbm.v3i1.1078
Arka, Y. A. P. (2022). Tren Pertumbuhan Properti Meningkat pada Triwulan I 2022, Ini Keuntungan Investasi Properti. Kompas.Com. https://www.kompas.com/properti/read/2022/07/16/081100921/tren-pertumbuhan-properti-meningkat-pada-triwulan-i-2022-ini-keuntungan
Baraja, L., & Yosya, E. A. (2018). Analysis the Impact of Liquidity, Profitability, Activity and Solvency Ratio on Change in Earnings. Indonesian Management and Accounting Research, 17(1), 1–17. https://doi.org/10.25105/imar.v17i1.4663
Dianitha, K. A., Masitoh, E., & Siddi, P. (2020). Pengaruh Rasio Keuangan Terhadap Pertumbuhan Laba Pada Perusahaan Makanan Dan Minuman Di Bei. Jurnal Akuntansi : Transparansi Dan Akuntabilitas, 8(2), 127–136. https://doi.org/10.35508/jak.v8i2.2874
Endri, E., Sari, A. K., BUDIASIH, Y., Yuliantini, T., & Kasmir, K. (2020). Determinants of Profit Growth in Food and Beverage Companies in Indonesia. Journal of Asian Finance, Economics and Business, 7(12), 739–748. https://doi.org/10.13106/JAFEB.2020.VOL7.NO12.739
Halomoan, S. (2018). Pengaruh Current Ratio dan Debt to Equity Ratio Terhadap Pertumbuhan Laba Pada perusahaan Property & Real Estate yang terdaftar di Bursa Efek Indonesia Yaang Terdaftar Di Bursa Efek Indonesia Periode 2010-2014. Media Studi Ekonomi, 21(1), 1–20.
Hayati, I., Saragih, D. H., & Siregar, S. (2019). The Effect Of Current Ratio, Debt To Equity Ratio And Roa On Stock Prices In Sharia Based Manufacturing Companies In Indonesia Stock Exchange. Proceeding International Seminar on Islamic Studies, 1, 10–11.
Hersya, S. M., & Huda, S. (2022). Pengaruh Kinerja Keuangan Terhadap Pertumbuhan Laba pada Perusahaan Sub Sektor Kontruksi dan Bangunan Periode 2017-2020. Jurnal Mirai Management, 7(2), 366–374. https://doi.org/10.37531/yume.vxix.324
Indaryani, I., Maryono, & Santosa, A. B. (2022). Pengaruh Rasio keuangan Terhadap Pertumbuhan laba Pada Perusahaan Manufaktur Tahun 2019-2021. 13, 536–547.
Jania, J., & Hernawan, E. (2022). The Effect of Total Asset Turnover, Debt to Equity Ratio, Net Profit Margin, and Firm Size on Profitability in Company of Consumer Goods Industry. ECo-Buss, 20(1), 105–123.
Jufrizen, & Sari, M. (2019). Pengaruh Current Ratio, Debt to Equity Ratio, dan Firm Size Terhadap Turn Equity. Jurnal Riset Akuntansi, 18, 156–191.
Manalu, Y., Fauziah, S., Hardianti, R., Purnomo, A., & Mulyati, Y. (2020). The Influence Of Financial Ratios Towards Profit Growth ( An Empirical Study On Mining Companies In Indonesia Stock Exchange 2016-2019). PalArch Journal of Archaelogy of Egypt/Egyptology, 17(5), 941–950.
Minggus, T., Wasil, M., & Dharmani, I. G. A. A. N. (2020). The Impact of Current Ratio, Debt to Equity Ratio, Net Profit Margin, and Total Asset Turnover Towards The Profit Changes Of Mining Companies Listed On Indonesia Stock Exchange Period 2016-2018. Quantitative Economics and Management Studies, 1(2), 171–180. https://doi.org/10.35877/454ri.qems89
Muzakir, I. (2022). Properti Sumbang Pertumbuhan Ekonomi 3,78 Persen Semester Pertama. Investor.Id.
Nasution, Yuslinda., & Sitorus, Guston. (2022). Pengaruh Current Ratio (CR), Debt To Equity Ratio (DER), Dan Total Assets Turnover (TAT) Terhadap Pertumbuhan Laba Pada Perusahaan Manufaktur Sektor Industri Dasar Dan Kimia Yang Terdaftar Di Bursa Efek Indonesia Tahun 2017-2020. Jurnal Manajemen USNI, 6(2), 61–72. https://doi.org/10.54964/manajemen.v6i2.204
Panjaitan, R. J. (2018). Pengaruh Current Ratio, Debt to Equity Ratio. Net Profit Margin, dan Return On Asset Terhadap Pertumbuhan Laba Pada Perusahaan Consumer Goods yang Terdaftar di Bursa Efek Indonesia Periode 2013-2016. Jurnal Manajemen, 4(1).
Perdana, R. P. (2018). Pengaruh Current Ratio, Debt To Equity Ratio, Total Assets Turnover dan Net Profit Margin Terhadap Pertumbuhan Laba Pada Perusahaan Tambang dan Properti Pada Tahun 2012-2015. Prodi Akuntansi Universitas PGRI Yogyakarta. http://repository.upy.ac.id/id/eprint/1763%0Ahttp://repository.upy.ac.id/1763/1/2018-13133100116-Artikel.pdf
Prastya, W. N., & Agustin, S. (2018). Pengaruh CR, NPM, GPM dan TATO Terhadap Pertumbuhan Laba Pada Perusahaan Farmasi. Jurnal Ilmu Dan Riset Manajemen, 7(6), 1–21.
Rahmawati, R. N., Jhoansyah, D., & Erry, S. (2022). Analisis Current Ratio, Debt To Equity Ratio, Dan Total Asset Turnover Terhadap Pertumbuhan Laba. Management Studies and Entrepreneurship Journal, 3(4), 1–2. www.idx.co.id
Royda. (2019). Pengaruh WCTA, DER, TAT, dan NPM Terhadap Pertumbuhan Laba Pada Perusahaan Manufaktur di Bursa Efek Indonesia. 637–643.
Simorangkir, Enda Noviyanti Samosir, D. Y., & Fitria, D. (2021). The Effect of Current Ratio, Debt To Equity Ratio, Net Profit Margin and Total Asset Turn Over on Earning Growth in Manufacturing Companies in the Mining Sector Listed on the Indonesia Stock Exchange in 2017 – 2019. Jurnal Mantik, 5(2), 620–628.
Tiyas, D. W., Murdiyanto, E., & Rahmawati, Z. (2022). Pengaruh CR , TATO , ROA dan Pertumbuhan Laba Perusahaan Sub Sektor Konstruksi Bangunan terdaftar di BEI. Jurnal Mahasiswa, 4(3).
Yulianti, R., & Dewi Syarif, A. (2021). Analysis of the Effects of Liquidity, Activities, Leverage, and Profitability on Firm Value in Retail Trade Subsector (Idx) 2015-2020 Period. Dinasti International Journal of Digital Business Management, 3(1), 85–98. https://doi.org/10.31933/dijdbm.v3i1.1078