Influence Current Ratio, Debt to Equity Ratio and Total Asset Turnover on Return on Equity in the Transportation Sector Industry

Siregar, Qahfi Romula; Harahap, Defi Desvita

doi:10.30596/ijbe.v2i2.6644

Cited by 5 publications

(8 citation statements)

References 3 publications

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“…Ketika suatu perusahaan memiliki perputaran aset yang tinggi, maka hal itu mencerminkan bahwa perusahaan cukup efektif dalam memanfaatkan aset yang dimilikinya untuk mendukung pertumbuhan usaha yang dilakukannya. Hasil penelitian ini sejalan dengan penelitian yang dilakukan (Siregar & Harahap, 2021) dan (Sari, Nabella, & Fadlilah, 2022) menyatakan bahwa TATO berpengaruh positif dan signifikan terhadap dividend payout ratio (DPR).…”

Section: Indirect Effect Coefficient T-statistic Std Error P-value So...unclassified

Masihkah Kinerja Keuangan Dianggap Penting Dalam Menentukan Kebijakan Dividen?

Ginting,

Irawati,

Muluk

2023

JAA

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Purpose: This study aims to examine the effect of liquidity ratios, activity, leverage, and company size on dividend policy through the financial performance of consumer non-cyclical companies for the 2017-2021 period. Methodology/approach: The sampling technique using purposive sampling method obtained 27 companies as research samples. Data analysis techniques using panel data analysis and path analysis. Findings: The results showed that liquidity (CR) and financial performance (ROA) had a significant negative effect on dividend policy (DPR). Total Asset Turnover has a significant positive effect on dividend policy (DPR). Leverage (DER) and firm size have no significant effect on dividend policy (DPR). Liquidity (CR) and Total Assets Turnover have a significant positive effect on financial performance (ROA). Leverage (DER) and company size have no significant effect on financial performance (ROA). Liquidity (CR), leverage (DER), and company size on dividend policy (DPR) through financial performance (ROA) have no significant effect. Meanwhile, total asset turnover on dividend policy (DPR) through financial performance (ROA) has a significant influence. Practical and Theoretical contribution/Originality: This research is expected to contribute to increasing Dividend Policy (Dividend Payout Ratio), companies must increase company sales activities so that company revenues can be greater than company expenses and companies have positive free cash flow which indicates good financial performance so they can distribute cash dividends. to shareholders. Research Limitation: This research is limited to the use of financial performance intervening variables only and focuses on consumer non-cyclicals subsector companies listed on the IDX in 2017-2021.

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Section: Indirect Effect Coefficient T-statistic Std Error P-value So...unclassified

Masihkah Kinerja Keuangan Dianggap Penting Dalam Menentukan Kebijakan Dividen?

Ginting,

Irawati,

Muluk

2023

JAA

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“…H3: Total asset turnover has a significant effect on firm value. (Siregar & Harahap, 2021) revealed that the current ratio is a ratio used to assess a business's ability to cover short-term liabilities with current assets. The debt owed by the company to secured creditors increases as this ratio increases.…”

Section: Literature Review and Hypothesis Developmentmentioning

confidence: 99%

“…DER represents the ratio of a company's debt to its equity or shareholders' capital. According to (Siregar & Harahap, 2021), a high DER value indicates that many assets are financed by debt, making it difficult for companies to obtain loans from creditors because it is feared that companies will not be able to pay their debts. Conversely, the lower the DER value, the better the company is in the eyes of creditors.…”

Section: Literature Review and Hypothesis Developmentmentioning

confidence: 99%

Current Ratio, Debt to Equity Ratio and Total Assets Turnover to Company Value Mediated by Return On Equity

Juliyani,

Gularso

2023

ajosh

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This research aims to determine the effect of current ratio, debt to equity ratio, and total assets turnover on company value which is mediated by return on equity studies on basic materials sector manufacturing companies listed on the Indonesia Stock Exchange for the 2018-2022 period. This research technique was carried out using purposive sampling with a sample of 36 manufacturing companies that published financial reports and were listed on the Indonesia Stock Exchange for the 2018-2022 period. Testing in this research was carried out with the Eviews 9 software program. The results of the research show that there is no significant influence of the current ratio on firm value, there is a significant positive influence of the debt to equity ratio on firm value, there is no significant influence of total assets turnover on firm value, there is no significant influence of the current ratio on return on equity, there is an influence significant negative effect of debt to equity ratio on return on equity, there is no significant effect of total assets turnover on return on equity, there is a significant positive effect of return on equity on firm value, there is no significant effect of current ratio on firm value mediated by return on equity, There is a significant influence of debt to equity ratio on firm value which is mediated by return on equity, there is no significant influence of total assets turnover on firm value which is mediated by return on equity

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“…Current Ratio is a ratio that measures a company's current assets in meeting shortterm obligations with the assets it owns (Heikal et al, 2014;Husna & Satria, 2019;Siregar & Harahap, 2021). Current Ratio has a positive and significant effect on stock prices (Adawiyah & Setiyawati, 2019;Öztürk, 2017).…”

Section: Introductionmentioning

confidence: 99%

The Influence of Current Ratio, Debt to Equity Ratio, and Net Profit Margin on Stock Prices (In the Mining Sector Registered in LQ 45 Year 2018-2022)

S.,

Nur'Aeni,

et al. 2024

Injurity

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This research aims to determine the influence of the current ratio, debt to equity ratio, and net profit margin on stock prices. This type of research is quantitative with a descriptive approach. The population in this research is LQ 45 trading and manufacturing companies listed on the Indonesia Stock Exchange for the 2018-2022 period. The sampling technique uses purposive sampling. The type of data used is secondary data. The data analysis technique in this research uses classical assumptions and multiple linear regression analysis. The research results show that the current ratio, debt to equity ratio, and net profit margin have a positive and significant effect on stock prices.

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Influence Current Ratio, Debt to Equity Ratio and Total Asset Turnover on Return on Equity in the Transportation Sector Industry

Cited by 5 publications

References 3 publications

Masihkah Kinerja Keuangan Dianggap Penting Dalam Menentukan Kebijakan Dividen?

Masihkah Kinerja Keuangan Dianggap Penting Dalam Menentukan Kebijakan Dividen?

Current Ratio, Debt to Equity Ratio and Total Assets Turnover to Company Value Mediated by Return On Equity

The Influence of Current Ratio, Debt to Equity Ratio, and Net Profit Margin on Stock Prices (In the Mining Sector Registered in LQ 45 Year 2018-2022)

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