PENGARUH RASIO KEUANGAN TERHADAP KINERJA PERUSAHAAN ( STUDI EMPIRIS PERUSAHAAN MANUFAKTUR SUB SEKTOR FARMASI YANG LISTING DI BURSA EFEK INDONESIA 2020)

Abstract

The purpose of this study was to determine the effect of financial ratios on changes in company performance (Empirical Study on Pharmaceutical Sub-Sector Manufacturing Companies Listed on the Indonesia Stock Exchange in 2020). Quantitative research design was adopted in this study, this study collected secondary data. This study uses a purposive sampling method and the number of participants is 19 Manufacturing companies in the Pharmaceutical Sub-Sector which are listed on the IDX during the quarter of 2020. Hypothesis testing is carried out using the purposive sampling method. The results of the f test obtained f_(count ) of 0.594 with a significance level of 0.621 > 0.05, then H₀ is accepted H₁ is rejected, meaning that it simultaneously does not have a significant influence on the independent variables in the form of Current Ratio, Inventory Turnover, Accounts Receivable Turnover on the dependent variable, namely Changes Profit. The results of the coefficient of determination test can be seen that the value of the coefficient of determination (R²) is 0.024 which means that the independent variables (Current Ratio, Inventory Turnover, Accounts Receivable Turnover) are able to explain the variation of the variable profit change of 2.4% which means the influence of these variables is classified as weak. because the value (R²) is low and not close to 1. While the remaining 97.6% is influenced by other variables not examined. The results of hypothesis testing using the t test (partial) partially stated that it was rejected, thus it can be interpreted that there is no significant effect of the independent variables in the form of Current Ratio (H_1a,) Inventory Turnover (H_1b), Accounts Receivable Turnover (H_1c) on the dependent variable, namely Profit change.

Keywords: Effect of Financial Ratios, Changes in Company Performance