Struktur Modal dan Profitabilitas Industri Makanan dan Minuman di Indonesia
Abstract
Profitability is important for companies because profitability is the basis for assessing the company's condition. Debt to Equity Ratio is the ratio used to see the effect of the debt ratio on profitability. Operational costs are costs for operational activities that can affect profitability. Current Ratio can be used to compare current assets with liabilities. The rupiah exchange rate is the price of the rupiah against the currencies of other countries. The purpose of this study was to re-examine the effect of liquidity ratios, current ratios, operational costs, and the rupiah exchange rate on profitability. The population for this study were 30 food and beverage companies. While the samples used were 12 food and beverage companies. The sampling technique used is purposive sampling. The data analysis technique used is descriptive statistics, classical assumption test, and multiple linear analysis test. The findings of this study are Debt to Equity Ratio and Current Ratio have an effect on profitability. Meanwhile, Operational Costs and Rupiah Exchange Rate do not affect profitability.
Keywords
Full Text:
PDFReferences
Alberti, F. G., & Garrido, M. A. V. (2017). Can profit and sustainability goals co-exist? New business models for hybrid firms. Journal of Business Strategy, 38(1), 3–13. https://doi.org/10.1108/JBS-12-2015-0124
Ambari, R., Indrawan, A., & Sudarma, A. (2020). Pengaruh Total Debt Equity Ratio (DER) dan Total Asset Turnover (TATO) Terhadap Profitabilitas (ROE) pada Perusahaan Manufaktur yang Terdaftar di Bursa Efek. BUDGETING : Journal of Business, Management and Accounting, 1(2), 73–82. https:// doi.org/10.31539/budgeting.v1i2.1086
Angelina, C., Sharon, S., Lim, S., Lombogia, J. Y. R., & Aruan, D. A. (2020). Pengaruh Current Ratio, Debt to Equity, Perputaran Kas dan Total Asset TurnOver (TATO) Terhadap Profitabilitas pada Perusahaan Food & Beverages yang terdaftar di Bursa Efek Indonesia. Owner, 4(1), 16. https://doi.org/ 10.33395/owner.v4i1.178
Astutik, E. F., & Anggraeny, A. N. (2019). Pengaruh Current Ratio (CR) dan Debt To Asset Ratio (DAR) Terhadap Return On Asset (ROA) Pada PT. Indocement Tunggal Prakarsa Tbk Periode 2008-2017. Jurnal SEKURITAS (Saham, Ekonomi, Keuangan Dan Investasi), 3(1), 97. https://doi.org/10.32493/skt.v3i1.3265
Belkhaoui, S., Alsagr, N., & van Hemmen, S. F. (2020). Financing modes, risk, efficiency and profitability in Islamic banks: Modeling for the GCC countries. Cogent Economics and Finance, 8(1). https://doi.org/10.1080/ 23322039.2020.1750258
Bitar, M., Pukthuanthong, K., & Walker, T. (2018). The effect of capital ratios on the risk, efficiency and profitability of banks: Evidence from OECD countries. Journal of International Financial Markets, Institutions and Money, 53, 227–262. https://doi.org/10.1016/j.intfin. 2017.12.002
Duho, K. C. T., Onumah, J. M., Owodo, R. A., Asare, E. T., & Onumah, R. M. (2020). Bank risk, profit efficiency and profitability in a frontier market. Journal of Economic and Administrative Sciences, 36(4), 381–402. https://doi.org/10.1108/jeas-01-2019-0009
Fitriany Anisyah, A. N. (2021). Pengaruh Inflasi, Suku Bunga Dan Nilai Tukar Rupiah Terhadap Return Saham. Jurnal Neraca: Jurnal Pendidikan Dan Ilmu Ekonomi Akuntansi, 5(1), 41. https://doi.org/http://dx.doi.org/10.30813/jab.v14i1.2363
George, G., Haas, M. R., McGahan, A. M., Schillebeeckx, S. J. D., & Tracey, P. (2021). Purpose in the For-Profit Firm: A Review and Framework for Management Research. Journal of Management, XX(X), 1–29. https://doi.org/ 10.1177/01492063211006450
Hadi saputro, S. (2019). Analisis Pengaruh Variabel Makroekonomi Terhadap Profitabilitas Pada Perusahaan Pertambangan. Moneter - Jurnal Akuntansi Dan Keuangan, 6(1), 91–96. https://doi.org/10.31294/moneter.v6i1.5407
Haralayya, B., & Aithal, P. S. (2021). Study on Cost Efficiency in Indian and Other Countries Experience. Journal of Advanced Research in Quality Control and Management, 6(2).
Hart, O., & Zingales, L. (2017). Companies Should Maximize Shareholder Welfare Not Market Value. In SSRN Electronic Journal (Issue August). https://doi.org/10.2139/ ssrn.3004794
Haryanto, S. (2020). Efficiency, Risk and Profitability of Islamic Banks: Under Pressure in the Competition of the Banking Industry in Indonesia. KnE Social Sciences, 2020, 474–482. https://doi.org/10.18502/kss.v4i9.7345
Haryanto, S., Bachtiar, Y., & Khotami, W. (2020). Efficiency and profitability of Islamic banks in Indonesia. Inovator Jurnal Manajemen, 9(1), 41–48. https://doi.org/10.1166/asl.2017.9975
Haryanto, S., Rahadian, N., Mbapa, M. F. I., Rahayu, E. N., & Febriyanti, K. V. (2018). Kebijakan Hutang, Ukuran Perusahaan dan Kinerja Keuangan Terhadap Nilai Perusahaan: Industri Perbankan di Indonesia. AFRE (Accounting and Financial Review), 1(2), 62–70. https://doi.org/10.26905/afr.v1i2.2279
Herliana, D. (2021). Pengaruh Current Ratio Dan Debt To Equity Ratio Terhadap Return on Assets Pada Perusahaan Pertambangan Sub Sektor Batubara Yang Terdaftar Di Bei Tahun 2016-2018. Jurnal Mahasiswa Akuntansi Unsurya, 1(1), 47–59.
Jenni, J., Yeni, L., Merissa, M., Wanny, T., Erlin, E., & Nasution, I. A. (2019). Pengaruh TATO, DER dan Current Ratio terhadap ROA pda Perusahaan Property dan Real Estate. Owner, 3(2), 139. https://doi.org/10.33395/ owner.v3i2.127
Juliana, D. (2017). Pengaruh Likuiditas Dan Biaya Operasional Terhadap Profitabilitas (ROA) (Studi Kasus Pada Perusahaan Pertambangan Yang Terdaftar Di Bursa Efek Indonesia Periode 2011-2015). 7(1), 1–10.
Laela, R. H., & Hendratno. (2019). Pengaruh Current Ratio, Debt To Equity Ratio Dan Total Asset Turnover Terhadap Return on Asset yang terdaftar di Bursa Efek Indonesia periode 2013-2017. Jurnal Akuntansi, Audit Dan Sistem Informasi Akuntansi., 3(1), 120–131. https://doi.org/https://doi.org/10.36555/jasa.v3i1.471
Lestari, N. F. P., Nurhayati, I., & Supramono, S. (2020). Pengaruh Nilai Tukar, Inflasi Dan Suku Bunga Terhadap Profitabilitas Keu-angan Perusahaan Sub Sektor Telekomuni-kasi. Manager : Jurnal Ilmu Manajemen, 3(1), 29. https://doi.org/10.32832/manager.v3i1.3829
Lubis, M. R. (2019). Analisis Pengaruh Capital Adequacy Ratio (CAR), Nilai Tukar Rupiah, Non Performing Financing, Dan Pembiayaan Murabahah, Terhadap Profitabilitas Perbankan Syariah Di Indonesia. TANSIQ: Jurnal Manajemen Dan Bisnis Islam, 2(1).
Novarina, R., & Agustin, S. (2018). Pengaruh Total Asset Turnover, Net Profit Margin, Dan Debt To Equity Ratio Terhadap Profitabilitas. Jurnal Ilmu Dan Riset Manajemen (JIRM), vol 7(6).
Rahmawati, I., & Mahfudz, M. K. (2018). Analisis Pengaruh Perputaran Modal Kerja, Likuiditas, Struktur Modal, Sales Growth, Struktur Aktiva, Size Terhadap Profitabilitas. Diponegoro Journal Of Management, 7(4), 1–14. https://ejournal3.undip.ac.id/index.php/djom/article/viewFile/22387/20529
Ramadita, E. S., & Suzan, L. (2019). Pengaruh Biaya Produksi, Debt to equity ratio, dan Perpu-taran Persediaan Terhadap Profitabilitas. Jurnal Aset (Akuntansi Riset), 11(1), 159–168. https://doi.org/https://doi.org/10.17509/jaset.v11i1.17440
Rohaida, I., & Nadila, M. (2019). Pengaruh Biaya Operasional Dan Arus Kas Terhadap Profitabilitas Pada Perusahaan Foods And Beverages Di Bursa Efek Indonesia Periode 2016-2018. Jurnal Ilmiah Ekonomi, 15(2), 165–177.
Saputri, O. B. (2021). Pengaruh Indikator Makroekonomi terhadap Profitabilitas Perbankan Syariah di Indonesia Tahun 2015 – 2020. Forum Ekonomi, 23(1), 133–144.
Saputro, S. H. (2019). Analisis Pengaruh Variabel Makroekonomi Terhadap Profitabilitas Pada Perusahaan Pertambangan. Moneter - Jurnal Akuntansi Dan Keuangan, 6(1), 91–96. https://doi.org/10.31294/moneter.v6i1.5407
Sari, P. R. P., & Dwirandra, A. A. N. B. (2019). Pengaruh Current Ratio Dan Debt To Equity Ratio Terhadap Profitabilitas Dengan Intellectual Capital Sebagai Pemoderasi. E-Jurnal Akuntansi, 26, 851. https://doi.org/ 10.24843/eja.2019.v26.i02.p01
Sudaryo, Y., & Haera, N. (2018). Analisis Inflasi, Nilai Tukar Rupiah,Financing Deposit Ratio(Fdr) Dan Non Performing Financing (Npf) Terhadap Profitabilitas (Roa) Pada Pt Bank Syariah Mandiri Periode 2011- 2017. 17(2), 58–67.
Supardi, H., H. Suratno, H. S., & Suyanto, S. (2018). Pengaruh Current Ratio, Debt To Asset Ratio, Total Asset Turnover Dan Inflasi Terhadap Return on Asset. JIAFE (Jurnal Ilmiah Akuntansi Fakultas Ekonomi), 2(2), 16–27. https://doi.org/10.34204/jiafe.v2i2.541
Tan, M., & Hadi, S. (2020). Pengaruh Cr, Der, Tato, Dan Ukuran Perusahaan Terhadap Profitabilitas Pada Perusahaan Farmasi Yang Terdaftar Di Bei. Kurs : Jurnal Akuntansi, Kewirausahaan Dan Bisnis, 5(1), 58–69.
Wasisto, A. G., & Rizal, N. A. (2021). Analisis Determinan Profitabilitas Perusahaan Manufaktur pada 2014-2019. Journal of Business and Banking, 10(2), 291. https://doi.org/10.14414/jbb.v10i2.2486
Wiyani, L. D. W. N. T. (2017). Pengaruh Debt To Equity Ratio, Firm Size, Inventory Turnover, Assets Turnover dan Pertumbuhan Penjualan terhadap Profitabilitas (Studi Kasus pada Industri Makanan dan Minuman yang Terdaftar di BEI Periode 2011-2015). Jurnal Online Insan Akuntan, 2(1), 234099.
Yulandreano, E., Atahau, A. D. R., & Sakti, I. M. (2020). Apakah Profitabilitas Memediasi Pengaruh Manajemen Modal Kerja Terhadap Nilai Perusahaan ? AFRE Accounting and Financial Review, 3(2), 103–114.
Zandra, R. A. P. (2016). Pengaruh Biaya Operasional Dan Perputaran Persediaan Terhadap Pertumbuhan Perusahan. AKTIVA Jurnal Akuntansi Dan Investasi, 1(1), 93–107.
DOI: https://doi.org/10.26905/afr.v5i2.7541
Refbacks
- There are currently no refbacks.
This work is licensed under a Creative Commons Attribution-NonCommercial 4.0 International License.
AFRE (Accounting and Financial Review) Postgraduate - University of Merdeka Malang Postgraduate Building, Terusan Dieng Street 62-64 | Other Link | Follow Us | |||||
Site Home Journal Unmer Malang Postgraduate LPPM Library Repository |
|
AFRE (Accounting and Financial Review) This work is licensed under a Creative Commons Attribution-NonCommercial 4.0 International License. |