ANALISIS MANFAAT RASIO KEUANGAN DALAM MEMPREDIKSI PERTUMBUHAN LABA (Studi Kasus: Perusahaan Manufaktur yang terdaftar di Bursa Efek Indonesia periode 2005 sampai dengan 2010)

Abstract

This research wants to examine the effects of Working Capital to Total Asset (WCTA), Debt to Equity Ratio (DER), Total Asset Turnover (TAT), and Net Profit Margin (NPM) to profit growth of manufacture company. The sampling technique used in this research is purposive sampling, with some criteria, those are: (1) the manufacture company listed in JSX in research period and still operating consistenly in the research period; (2) the avaliable of financial statement as the research period; (3) the manufactur company has not negative profit. The result of this research shows that the data has fulfill the classical asumption, such as: no multicolinearity, no autocorrelation, no heteroscedasticity and distributed normally. From the regression analysis, found that partially Total Asset Turnover (TAT) and Net Profit Margin (NPM) variable, have a negative significant to profit growth of manufacture company, while Working Capital to Total Asset (WCTA) and Debt to Equity Ratio (DER) doesn’t have influence to profit growth of manufacture company. From the research also known that those four variables (WCTA, DER, TAT, and NPM) simoultaneously have an influence to profit growth of manufacture company. The prediction percentage of those variable simoultaneously are 33,5%.