Pengaruh Leverage Dan Likuiditas Terhadap Profitabilitas (studi Pada Perusahaan Manufaktur Sub Sektor Tekstil Dan Garment Yang Terdaftar Di Bursa Efek Indonesia Periode 2013-2018)

Mauludy Arfan Islami, Deannes Isynuwardhana

Abstract

Abstrak Perkembangan industri TPT dalam 2 tahun terakhir terus membaik di pasar domestik maupun global. Bahkan, industri ini bagian sektor manufaktur terbesar ketiga di Indonesia dan menjadi salah satu sektor yang paling banyak menyerap tenaga kerja. Namun, perusahaan tersebut pernah mengalami kerugian. Hal tersebut menunjukkan adanya penurunan tingkat kemampuan perusahaan dalam memperoleh laba. Melalui penelitian ini, akan dilakukan pengukuran tingkat leverage dengan menggunakan debt to equity ratio (DER), tingkat likuiditas dengan menggunakan current ratio (CR), dan tingkat profitabilitas dengan menggunakan return on equity (ROE). Metode pengumpulan data dilakukan dengan dokumentasi, yakni memperoleh data dari 18 laporan tahunan perusahaan tekstil dan garment yang didapat dari Bursa Efek Indonesia periode 2013 – 2018 dan situs resmi milik perusahaan. Dari 18 perusahaan, berdasarkan kriteria penelitian terdapat 7 perusahaan yang menjadi sampel penelitian. Pengolahan data menggunakan Microsoft Excel 2010 dan aplikasi Eviews 9. Berdasarkan hasil penelitian, Secara simultan, variabel leverage dan likuiditas berpengaruh signifikan terhadap profitabilitas. Secara parsial, leverage berpengaruh negatif dan signifikan terhadap profitabilitas. Sedangkan, likuiditas tidak berpengaruh signifikan terhadap profitabilitas. Kata Kunci: Profitabilitas, Leverage, Likuiditas Abstract The development of the textile industry in the past 2 years has continued to improve in both domestic and global markets. In fact, this industry is part of the third largest manufacturing sector in Indonesia and is one of the sectors that absorb the most labor. However, the company suffered losses. This shows a decrease in the level of the company's ability to make a profit. Through this research, we will measure the level of leverage using the debt to equity ratio, liquidity by using the current ratio and profitability by using return on equity. The method of data collection is done by documentation, which is to obtain data from the 18 annual reports of textile and garment companies obtained from the Indonesia Stock Exchange for the period 2013 - 2018 and the company's official website. From 18 companies, based on the research criteria there were 7 companies which were the research samples. Processing data using Microsoft Excel 2010 and Eviews 9. Based on the results of the study, simultaneously, leverage and liquidity variables have a significant effect on profitability. Leverage has a negative partial and significant effect on profitability. Whereas, liquidity does not have a significant effect on profitability. Keywords: Profitability, Leverage, Liquidity

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