ANALISA PENGARUH RATIO PROFITABILITAS DAN FINANCIAL LEVERAGETERHADAP PERKEMBANGAN LABA PADA PERUSAHAAN FARMASI YANG TERCATAT PADA BEI TAHUN 2015

Abstract

The purpose of this study is to determine the effect of profitability ratios and financial leverage on profit growth in Pharmaceutical Companies listed on the BEI in 2015. In this case the profitability ratio is represented by Net Profit Margin (NPM) and Return On Assets (ROA). While financial leverage represen ted by Debt to Equity Ratio.This research uses data analysis methods, multiple regression, coefficient of determination, t test and F test. From result of T test analysis, that X1, X2, and X3 that is variable of Net Profit Margin (NPM), Return On Assets (ROA), and Debt To Equity Ratio (DER) have no significant effect to profit growth (Y). While based on F test results, it is known that the significance value of 0.439 is greater than the significance level of 0.05 and the value of F arithmetic 1.044 <F table 6.60. Thus, Ho accepted and Harejected so it can be concluded that the variable Net Profit Margin (NPM), Return On Assets (ROA), and Debt To Equity Ratio (DER) together have no effect on the development of profit. Based on Determination analysis, it is known that all variables only affect the profit of 1.4% only, while the remaining 98.6% is influenced by other variables not examined in this research, such as Total Assets Turnover (TAT), Operating Profit Margin, and Sales Growth