The Effect of Financial Performance on the Profitability of Food and Beverage Companies in Indonesia (original) (raw)
Related papers
this study is conducted to investigate what are factors that determine the profitability or Return on Asset, especially among Indonesia food and beverages companies. Type of data is panel set comprising 48 observations of 12 companies that are listed on the Indonesia Stock Exchange (IDX) in 2013 to 2016 period, and it is analyzed by a regression analysis. Chow test and Hausman test have been done before a regression analysis to determine the fit model is common, fixed or random effect. The study finds that while the profitability is proved positively be influenced by size, age, lagged profitability, growth, and productivity of the companies, but it was not proved be influenced by industry affiliation. This paper addresses to company leaders to improve performance of their companies, especially their Return on Assets in order to be able to compete in gaining investor confidence. This paper addresses an issue that is relevant to investors to pay attention to the value of return on assets of the firm and determinants that was proved to affect return on assets before make decision to invest into a food and beverages company.
Journal Research of Social, Science, Economics, and Management, 2021
This study examines factors that affect profitability in the consumer goods sector listed on the Indonesia Stock Exchange (IDX) for the 2015-2020 period. In this study, the population are consumer goods sector companies listed on the Indonesia Stock Exchange for the 2015-2020 period. The technique used purposive sampling that obtained as many as 19 companies for the research objects. The independent variable in this study is Return On Assets (ROA). In contrast, the independent variables are Current ratio (CR), Debt to equity ratio (DER), Total Asset Turnover (TATO), Working Capital (WC), Sales Growth (Grow), Size Company (Firm Size), World Oil Price (Oil Price), and Exchange Rate. The test method to determine the effect of the independent variable on the dependent variable is the panel data regression analysis method which is processed using E-VIEWS 12. Based on the results of simultaneous research, it is known that CR, TATO, GROW have a significant positive effect on profitability...
CERN European Organization for Nuclear Research - Zenodo, 2022
This study aims to examine the factors that can affect profitability, which are liquidity (current ratio), solvency (debt to equity ratio) and working capital turnover. The population in this study was 28 food and beverage companies listed on the Indonesia Stock Exchange (IDX) period 2019-2021. The sample obtained was 19 companies using the sample selection method, which is purposive sampling. The tests carried out in this study were descriptive statistical tests, classical assumption tests, which are normality test, multicollinearity test and heteroscedasticity test and hypothesis tests, which are t test, f test and coefficient of determination test using Eviews 9. The results of the study state that partially (t-test) liquidity has no effect and insignificant on profitability, solvency has a negative and significant effect on profitability, working capital turnover has a positive and significant effect on profitability in food and beverage companies listed on the Indonesia Stock Exchange (IDX) period 2019-2021. The simultaneous research results (f test) state that there is a significant effect of liquidity, solvency and working capital turnover on profitability in foods and beverage companies listed on the Indonesia Stock Exchange (IDX) period 2019-2021.
2020
Based on the data from Badan Pusat Statistik (BPS) the growth of Growth of Gross Domestic Indonesia (GDP) decreased since the third quarter 2018 and this condition became worse because of coronavirus pandemic situation. It was decreased from 4,97 percent in the fourth quarter of 2019 became 2,97 percent in the first quarter of 2020 and the inflation rate for food and beverage is only 0,18 percent. Food and beverages industry growth increase from year to year in line with the increasing demand for food and beverage. It is related to the fact of life that all living things need food and beverages to survive. This research aims to analyze, examine, measure, and find empirical evidence about the effect of firm characteristics proxied by firm age, firm size, liquidity, and leverage to the profitability proxied by return on sales. Population of this research is all companies listed in Indonesia Stock Exchange (IDX). Based on the purposive sampling method used in this research, there are 1...
2020
This research was conducted to test and analyze the relationship between operating costs, accounts payable and sales to net income in the Food & Beverage sector listed on the Indonesia Stock Exchange for the 2015-2018 period. This type of research is quantitative research with a deductive approach and descriptive research characteristics. The total population of 18 companies with purposive sampling technique obtained a sample of 12 companies. The data analysis technique used multiple linear regression. The test results show that operating costs, accounts payable and sales have an effect on net income. The partial test results are operating costs and sales have a positive effect on net income and trade payables have a negative effect on net income. Based on the test of the coefficient of determination, it can be seen that the influence of the variables used in explaining the dependent variable is 83.6%, the rest is influenced by other variables of 16.4%.
This study aims to analysis the profitability ratio consisting of net profit margin, basic earning power and contribution margin and its effect on firm value in Food and Beverage industry. The data in this study, obtained from the capital market information center with the object of research in Food and Beverage industry listed on the Indonesian Stock Exchange. This study uses secondary data sourced from the financial statements in Food and Beverage industry, published by the Indonesian Stock Exchange in 2012 until 2015. The data analysis method used is multiple regression analysis. After analysis of all data, the result of research is as follows: 1) net profit margin has a positive and significant effect to price book value which means that management experience success in operational matter and will result in increasing investor trust to invest in Food and Beverage industry, 2) basic earning power has a positive and insignificant effect to price book value which means that the working capital in the issuer is only the operating capital or operating assets, as well as the profit that is accounted for only from the operating income of the company is net operating income, and 3) contribution margin has a negative and significant effect to price book value which means that the issuer has not been able to generate profits from the sales of its product caused by the selling price of down so that the contribution margin amount cannot be used to cover all fixed costs so that there is loss in the period.
International Journal of Research, 2020
This study aims to determine the effect of financial ratios such as current ratios, debt to assets ratio, gross profit margin on changes in earnings in food and beverage companies listed on the Indonesia Stock Exchange. The population of this research is food and beverage companies listed on the Indonesia Stock Exchange. The sampling technique was using purposive sampling method. Based on purposive sampling from 40 companies, it was obtained a sample of 19 companies that met the criteria. The research data is secondary data obtained from the Indonesian Stock Exchange (www. Idx.co.id) and ICMD 2016-2017. Testing the research hypothesis used multiple linear regression analysis techniques (Multiple Regression Model), with the application tool SPSS (Statistical Product and Service Solutions). The results of this study indicate that there is no significant effect between Current Ratio, Debt to Assets Ratio and Gross Profit Margin on partial changes in earnings, so it can be concluded tha...
1st Virtual Workshop on Writing Scientific Article for International Publication Indexed SCOPUS
This study's purpose is to determine the impact of profitability and debt policy on firm value in food and beverage sub-sector manufacturing companies listed on the Indonesia Stock Exchange for the 2015-2019 period. This study uses quantitative methods by examining the effect between variables using secondary data. The sampling technique used the purposive sampling method to obtain a sample of 13 food and beverage sub-sector manufacturing companies listed on the Indonesia Stock Exchange 2015-2019 period. The analysis used is panel data regression analysis using Eviews 9. The results of the research that have been done show; 1) Profitability partially has no significant effect on firm value, 2) Debt Policy partially has a significant effect on the firm value 3) Simultaneously profitability and debt policy have a significant effect on firm value. The Adjusted R2 value is 97.8% shows that 97.8% of firm value can be explained by profitability and debt policy. At the same time, the remaining 2.2% of firm value is defined by other variables.
Jurnal Akuntansi dan Manajemen Bisnis
The purpose of this study is to determine the effect of liquidity, return on investment, asset turnover, growth opportunities on company profitability in the food and beverage industry sector which is listed on the Indonesia Stock Exchange for the 2018-2021 period. The type of research used in empirical studies is quantitative research which has a positivistic paradigm. The population in this study includes all food and beverage companies listed on the Indonesia Stock Exchange for the 2018-2021 period. The samples were selected using the Probability Sampling approach and obtained a total sample of 26 companies. The data analysis technique used in this study is panel data regression analysis, using eviews software. It was found that the fixed effect is the best model because it has the largest R square value. The results showed that liquidity as described by the current ratio has a negative and significant effect on company profitability, Return On Investment affect the profitabilit...
Determinant of profitability: Evidence from trading, service and investment companies in Indonesia
Accounting, 2020
This study aims to determine and analyze the effect of Current Ratio (CR), Debt to Assets Ratio (DAR), Net Profit Margin (NPM), Return On Equity (ROE) and Total Asset Turnover (TATO) on Profitability (ROA) in the trading, service and investment sub-sector companies on the Indonesia Stock Exchange (IDX) over the period 2014-2018. The data used is panel data with 6 companies for 5 years obtained from the Annual Report published on the IDX website. The results of this study indicate that CR and DAR partially negatively affected ROA, and ROE had a positive effect on ROA, while NPM and TATO had no effect on ROA. Overall testing shows that all financial factors had a significant effect and contribute to explain changes in profitability of 89.6 percent.