ANALISIS PENGARUH RASIO KEUANGAN TERHADAP PROFITABILITAS PERUSAHAAN FARMASI YANG TERDAFTAR DI BURSA EFEK INDONESIA

Abstract

Financial ratio analysis is very important for companies because the profitability of a company is directly influenced by the company's finances. To find out the company's performance with financial reports can use the profitability ratio as a benchmark, the profitability ratio in this study is the Net Profit Margin (NPM) as a reference for measuring the efficiency and effectiveness of the company in an effort to generate profits. The factors that can affect the profitability of a company include using the Creditors Velocity ratio (CRSV), Deptors Turnover Ratio (DTR), Inventory Turnover Ratio (ITR), Long Term Debt To Equity Ratio (LTDER), Total Asser Turnover Ratio ( TATR), and Debt To Equity Ratio (DER). This study uses a quantitative approach. The sample method used is purposive sampling method. The samples in this study were 9 pharmaceutical companies listed on the Indonesia Stock Exchange for the 2017-2021 period and the number of observations in this study totaled 45 samples. From the results of the research that has been done, the CRSV variable has a negative and not significant effect on NPM, the DTR variable has a positive and significant effect on NPM, the ITR variable has a positive and significant effect on NPM, the LTDER variable has a negative and significant effect on NPM, the TATR variable has a negative effect and not significant to NPM, the DER variable has a positive and not significant effect on NPM.