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All Journal CASHFLOW : CURRENT ADVANCED RESEARCH ON SHARIA FINANCE AND ECONOMIC WORLDWIDE Journal of Management, Accounting, General Finance and International Economic Issues (MARGINAL)
Wahyu Indah Mursalini
Management Study Program, Faculty of Economics, Universitas Mahaputra Muhammad Yamin (UMMY) Solok, Indonesia
Decision Sciences, Operations Research & Management Economics, Econometrics & Finance Environmental Science Social Sciences

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Analysis of Current Ratio and Debt Ratio on Profitability of Retail Trade Sub-Sector Companies Listed on the Indonesian Stock Exchange for the Period 2018-2022 Wahyu Indah Mursalini; Rasidah Nasrah; Suci Yoga Anggriani
JOURNAL OF MANAGEMENT, ACCOUNTING, GENERAL FINANCE AND INTERNATIONAL ECONOMIC ISSUES Vol. 4 No. 1 (2024): DECEMBER
Publisher : Transpublika Publisher

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.55047/marginal.v4i1.1477

Abstract

The main objective of this study is to investigate how the current ratio and debt ratio influence the profitability of retail trade sub-sector firms that are publicly listed on the Indonesian stock exchange from 2018 to 2022. The research utilises quantitative methods and correlation research, with a sample size of 22 companies and 110 annual financial reports. The data gathering process involves purposive sampling, while the analysis includes descriptive tests, classical assumption tests, multiple linear regression analysis, coefficient of determination (R²), and hypothesis testing. According to the research findings, it is indicated that the current ratio has a certain impact on profitability with a significance value of 0.002<0.05. Additionally, the debt ratio has a partial effect on profitability with a significance value of 0.000<0.05. At the same time, both the current ratio and debt ratio collectively affect profitability with an f value of 19.271>3.12 and a significance value of 0.000. The combined influence of the current ratio and debt ratio on profitability is estimated to be 34.9%.
The Effect of Accounts Receivable and Inventory on Profits in Large Trading Subsector Companies Listed on the Indonesian Stock Exchange in 2017-2021 Amelia Juwita; Wahyu Indah Mursalini; Nurhayati Nurhayati; Eka Hendrayani
JOURNAL OF MANAGEMENT, ACCOUNTING, GENERAL FINANCE AND INTERNATIONAL ECONOMIC ISSUES Vol. 4 No. 1 (2024): DECEMBER
Publisher : Transpublika Publisher

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.55047/marginal.v4i1.1484

Abstract

The main aim of this study is to investigate how accounts receivable and inventory influence the profitability of companies in the Large Trade subsector that are listed on the Indonesia Stock Exchange between 2017 and 2021. A total of 47 companies were examined in this research, with 16 companies chosen for the sample using purposive sampling. Quantitative data was employed for the analysis. The results indicated that there was no significant relationship between accounts receivable and profits, as the t-value of -0.154 was found to be lower than the t-table of 1.771, with a significance level of 0.878 > 0.05. Hence, the theory concerning accounts receivable was disapproved in this investigation.   Conversely, stock was discovered to have a considerable effect on earnings with a t-value of 1.830, surpassing the t-table of 1.771, and significance level of 0.032 < 0.05, leading to the affirmation of the theory concerning inventory. Additionally, upon inspecting both accounts receivable and inventory together, there was a notable combined impact on earnings, as indicated by an F-value of 1.719 > F-table 1.611 and a significance of 0.018 < 0.05. Consequently, the hypothesis pertaining to the simultaneous influence of both variables on profit was acknowledged. The research equally found that about 23% of the variability in profit can be clarified by accounts receivable and inventory, whereas the other 77% is affected by unexplored factors like earnings manipulation, stock prices, and financial management proficiency.
Analysis of Debt to Asset Ratio and Debt to Equity Ratio on Return on Assets in Hotel, Restaurant, and Tourism Sub-Sector Companies Listed on the Indonesian Stock Exchange Wahyu Indah Mursalini; Esi Sriyanti; Sherli Septiana
CURRENT ADVANCED RESEARCH ON SHARIA FINANCE AND ECONOMIC WORLDWIDE Vol. 4 No. 1 (2024): OCTOBER
Publisher : Transpublika Publisher

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.55047/cashflow.v4i1.1485

Abstract

The purpose of this study is to investigate the influence of debt-to-asset and debt-to-equity ratios on the return on assets of companies operating in the hotel, restaurant, and tourism sector that are publicly traded on the Indonesia Stock Exchange between 2020 and 2023. Using a sample of 88 data from 22 businesses in this subsector, the methodology used is a quantitative approach with correlation analysis. Literature review and documentation were used for data collection, while multiple linear regression, descriptive statistical tests, and hypothesis testing were used for data analysis. With a value of t-value -3.384 > t-table 1.987 and Sig. 0.001 < 0.05, so the research findings show that the Debt to Assets Ratio (X1) variable has a partial influence on Return on Assets (Y). Apart from that, if t-value 6.468 > t-table 1.987 and Sig. 0.016 < 0.05, then the Debt-to-Equity Ratio (X2) also influences Return on Assets (Y). These two factors simultaneously influence Return on Assets (Y), with Sig. 0.000 < 0.05 and f-value 22.010 > f-table 3.10. During the 2020–2023 period, the hotel, restaurant and tourism subsectors listed on the Indonesia Stock Exchange experienced a combined impact of 34.1% from the Debt to Assets Ratio (X1) and Debt to Equity Ratio (X2) on Return on Assets (Y).
Co-Authors Amelia Juwita Eka Hendrayani Esi Sriyanti Nurhayati Nurhayati Rasidah Nasrah Sherli Septiana Suci Yoga Anggriani