The Influence of Current Ratio (CR), Debt to Asset Ratio (DAR), Capital Intensity (IM), and Net Profit Margin (NPM) on Financial Performance in Infrastructure Sector Companies on the Indonesia Stock Exchange (BEI) 2015-2017 Period

  • Zulfirman Pakpahan Universitas Prima Indonesia, Medan
  • Ayu Parlina Universitas Prima Indonesia, Medan
  • Jodi Akbar Trisinggih Universitas Prima Indonesia, Medan
  • Josua Panggabean Universitas Prima Indonesia, Medan
  • Deasy Arisandy Aruan Universitas Prima Indonesia, Medan

Abstract

This study aims to examine the effect of Current Ratio (CR), Debt to Assets Ratio (DAR), Capital Intensity (IM), and Net Profit Margin (NPM) on Financial Performance in infrastructure sector companies on the Indonesia Stock Exchange (BEI) 2015- Period. 2017. The population used in this study is the infrastructure companies listed on the IDX with a total of 75 companies. By using purposive sampling technique, the total sample in this study amounted to 23 companies.
The sampling technique was purposive sampling. Analysis of data with multiple linear regression using SPSS 20 software, the results of this study indicate that the Current Ratio variable partially has no and no significant effect on financial performance, Debt to Asset Ratio partially has a positive and significant effect on financial performance, capital intensity partially has a negative effect and significant to Financial Performance, Partially Net Profit Margin has a positive and significant effect on Financial Performance. While simultaneously the variables Current Ratio, Debt To Asset Ratio, Capital Intensity, and Net Profit Margin have a positive and significant effect on financial performance. The coefficient of determination generated in this study is valued at 0.642. Which means that 64.2% of the variable Current Ratio, Debt to Asset Ratio, Capital Intensity and Net Profit Margin affect the variable Financial Performance. while the remaining 35.8% is influenced by other variables

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Published
2020-10-16
How to Cite
Pakpahan, Z., Parlina, A., Trisinggih, J., Panggabean, J., & Aruan, D. (2020). The Influence of Current Ratio (CR), Debt to Asset Ratio (DAR), Capital Intensity (IM), and Net Profit Margin (NPM) on Financial Performance in Infrastructure Sector Companies on the Indonesia Stock Exchange (BEI) 2015-2017 Period. Jurnal Ilmiah MEA (Manajemen, Ekonomi, & Akuntansi), 4(3), 1132-1147. https://doi.org/10.31955/mea.vol4.iss3.pp1132-1147