PENGARUH CURRENT RATIO, LEVERAGE, PROFITABILITY, INVENTORY TURNOVER, CASH FLOW DAN TOTAL ASSETS TERHADAP NILAI PERUSAHAAN
Abstract
This study aims to determine the relationship between the effect of working capital, leverage, profitability, inventory turnover, cash flow and total assets on company value. The population in this study is he food and beverage subsector listed on the IDX from 2018 to 2022, using information derived from the company's annual financial statements. Purposive sampling was used as a sampling technique in this study and used secondary data types, where data were obtained from 60 of 12 food and beverage subsector companies during the predetermined research period. This study was processed by multiple linear regression analysis using the statistical data processing application Stata. Based on the research, it can be interpreted that working capital, leverage and cash flow have a negative and significant effect on company value. Meanwhile, profitability variables have a positive and significant effect on company value and inventory turnover has a positive and insignificant effect on company value.
References
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Duc Nguyen, D., & Van Nguyen, C. (2020). The impact of operating cash flow in decision-making of individual investors in Vietnam’s stock market. Journal of Asian Finance, Economics and Business, 7(5), 19–29. https://doi.org/10.13106/JAFEB.2020.VOL7.NO5.019
Ernawati, Y., & Purwaningsih, E. (2022). Pengaruh Total Arus Kas, Debt To Equity Ratio Dan Return on Assets Terhadap Harga Saham. Jurnal Ilmiah MEA (Manajemen, Ekonomi, Dan Akuntansi), 6(2), 1708–1726.
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Handayani, S., & Karnawati, Y. (2021). Relevansi Informasi Dalam Pengambilan Keputusan Investor Di Pasar Modal. Jurnal Ekonomi : Journal of Economic, 12(01), 77–92. https://doi.org/10.47007/jeko.v12i01.4083
Hargrave, M. (2022). Return on Assets (ROA): Formula and “Good” ROA Defined. https://www.investopedia.com/terms/r/returnonassets.asp
Hendrani, A., & Septyanto, D. (2021). The Effect of Return on Asset, Debt to Equity Ratio and Company Size on Company Value in Manufacturing Companies in the Food and Beverage Sub-Sector on the IDX for 2014-2018. KnE Social Sciences, 2021, 681–693. https://doi.org/10.18502/kss.v5i5.8851
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Hermanto, & Aryani, E. (2021). The Effect Of Asset Structure, Profitability, Company Size, And Company Growth On Capital Structure. Management Analysis Journal, 12(2), 1081–1091.
Hirdinis, M. (2019). Capital structure and firm size on firm value moderated by profitability. International Journal of Economics and Business Administration, 7(1), 174–191. https://doi.org/10.35808/ijeba/204
Husna, A., & Satria, I. (2019). Effects of Return on Asset, Debt To Asset Ratio, Current Ratio, Firm Size, and Dividend Payout Ratio on Firm Value. International Journal of Economics and Financial Issues, 9(5), 50–54. https://doi.org/10.32479/ijefi.8595
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Irman, M., & Purwati, A. A. (2020). Analysis On The Influence Of Current Ratio, Debt to Equity Ratio and Total Asset Turnover Toward Return On Assets On The Otomotive and Component Company That Has Been Registered In Indonesia Stock Exchange Within 2011-2017. International Journal of Economics Development Research (IJEDR), 1(1), 36–44. https://doi.org/10.37385/ijedr.v1i1.26
Jihadi, M., Vilantika, E., Hashemi, S. M., Arifin, Z., Bachtiar, Y., & Sholichah, F. (2021). The Effect of Liquidity, Leverage, and Profitability on Firm Value: Empirical Evidence from Indonesia. Journal of Asian Finance, Economics and Business, 8(3), 423–431. https://doi.org/10.13106/jafeb.2021.vol8.no3.0423
Kasmir. (2019). Analisis Laporan Keuangan. Raja Grafindo Persada.
Kemenperin. (2022). Industri Makanan dan Minuman Tumbuh 3,57% di Kuartal III-2022. Kemenperin.Go.Id. https://kemenperin.go.id/artikel/23696/Kemenperin:-Industri-Makanan-dan-Minuman-Tumbuh-3,57-di-Kuartal-III-2022#:~:text=Pertumbuhan industri makanan dan minuman,yang mencapai 4%2C88%25.
Munandar, A., & Alvian, R. (2022). The Influence of Debt to Equity Ratio, Net Profit margin and Cash Ratio on Firm Value. Fair Value: Jurnal Ilmiah Akuntansi Dan Keuangan, 5(2), 2622–2205.
Natalia, D., & Eka Bertuah. (2022). Pengaruh Faktor Penentu Struktur Modal Yang Berdampak Pada Nilai Perusahaan Dengan Effective Tax Rate Sebagai Variabel Kontrol. Jurnal Magister Akuntansi Trisakti, 9(2), 123–144. https://doi.org/10.25105/jmat.v9i2.12498
Ndruru, M., Silaban, P. B., Sihaloho, J., Manurung, K. M., & Sipahutar, T. T. U. (2020). Pengaruh likuiditas, Leverage,Dan profitabilitas terhadap nilai perusahaan pada perusahaan manufaktur tahun 2015-2017. Jurnal Ilmiah MEA (Manajemen, Ekonomi, Dan Akuntansi, 4(3), 2621–5306.
Pratiwi, R. D. (2020). Do Capital Structure, Profitability, and Firm Size Affect Firm Value? Jurnal Penelitan Ekonomi Dan Bisnis, 5(2), 194–202. https://doi.org/10.33633/jpeb.v5i2.3717
Prihanta, M. S., Hapsari, I., Santoso, B. S., & Wibowo, H. (2023). Effect of Profitability, Leverage, and Liquidity on Company Value with Dividend Policy as A Moderation Variable (In IDX High Dividend Companies 20 Period 2017 – 2021). Formosa Journal of Applied Sciences, 2(1), 1–24. https://doi.org/10.55927/fjas.v2i1.2393
Purwaningsih, E., & Lestari, K. (2022). Sistem Informasi, Keuangan, Auditing Dan Perpajakan. Journal of Comprehensive Science (JCS), 1(3), 419–438. https://doi.org/10.36418/jcs.v1i3.66
Putri, S. W., & Ramadan, Y. (2020). Pengaruh Kebijakan Dividen, Leverage, Ukuran Perusahaan, Dan Kepemilikan Manajerialterhadap Nilai Perusahaan. JCA Ekonomi, 1(1), 64–77.
Rachmi, I. F., & Heykal, M. (2020). the Effect of Liquidity, Leverage, Profitability, Dividend Payout Ratio, and Price Earning Ratio on Firm Value. Journal Of Archaeology Of Egypt/Egyptology, 17(7), 2967–2977.
Raharjo, N., & Abdurrahman. (2020). Pengaruh Likuiditas, Profitabilitas, Struktur Modal Dan Perputaran Piutang Terhadap Return Saham. JCA Ekonomi, 1(1), 1–23. https://jca.esaunggul.ac.id/index.php/jeco/article/view/50
Rahayu, D. P. (2019). The Effect of Intellectual Capital Disclosure, Corporate Governace, and Firm Size on Firm Value. KnE Social Sciences, 2019, 530–548. https://doi.org/10.18502/kss.v3i26.5399
Sabaruddin, Pujarani, Q. E., & Hadi, S. (2022). Influence of Liquidity, Leverage, Profitability And Company Size to Company Value (Empire Study on Food Sub-Sector Companies And Beverages Listed on The Indonesia Stock Exchange Period 2014-2017). Basic and Applied Computational and Advanced Research Journal, 1(2), 55–62. https://doi.org/10.11594/bacarj.01.02.02
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Published
2024-01-11
How to Cite
Alfiah, S., & Hermanto, H. (2024). PENGARUH CURRENT RATIO, LEVERAGE, PROFITABILITY, INVENTORY TURNOVER, CASH FLOW DAN TOTAL ASSETS TERHADAP NILAI PERUSAHAAN. Jurnal Ilmiah Manajemen, Ekonomi, & Akuntansi (MEA), 8(1), 79-106. https://doi.org/10.31955/mea.v8i1.3628
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