ISLAMINOMICS: JOURNAL OF ISLAMIC ECONOMICS, BUSINESS AND FINANCE

ANALISIS PENGARUH DEBT TO EQUITY RATIO, CURRENT RATIO, DAN INVENTORY TURNOVER TERHADAP PERTUMBUHAN LABA PERUSAHAAN MANUFAKTUR

Agus Supriyatno

Sunardi

Solaiman

Keywords: Debt to Equity Ratio (DER), Current Ratio (CR), Inventory Turnover (IT), Profit Growth

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Abstract

This aims of this study to determine the effect of Debt to Equity Ratio (DER), Current Ratio (CR), and Inventory Turnover (IT) partially and simultaneously on the profit growth of manufacturing companies in the consumer goods industry listed on the Indonesia Stock Exchange (BEI). Hypothesis testing is done using the F test, T test, and R². Based on the results of data analysis, it is concluded that partially the Debt to Equity Ratio (DER) and Current Ratio (CR) have no and significant effect on profit growth. Inventory Turnover (IT) has a significant and significant effect on profit growth. Simultaneous test results show that Debt to Equity Ratio (DER), Current Ratio (CR) and Inventory Turnover (IT) have an effect on Profit Growth. This is indicated by the calculated F value of 2.990 and a significance of 0.042. The results of the coefficient of determination (Adjusted R2) show that the effect of Debt to Equity Ratio (DER), Current Ratio (CR), and Inventory Turnover (IT) in explaining Profit Growth of 11.9% and the rest is explained by other variables not examined in the study this.