Pengaruh Debt to Equity Ratio (DER), Return On Equity (ROE), Current Ratio , Inventory Turnover, dan Receivable Turnover Terhadap Earning Per Share (EPS) Periode 2013 – 2020 (Studi Kasus Pada Sektor Industri Barang Konsumsi Khususnya Sub Sektor Farmasi)

Hendrawati Hendrawati

Abstract


This study aims to examine the effect of Debt to Equity Ratio (DER), Return on Equity (ROE), Current
Ratio, Inventory Turnover, and Receivable Turnover on Earning Per Share (EPS) partially and
simultaneously.
The type of research used is associative research. Sources of data used in this study is secondary data.
Secondary data in this study are financial statements of 3 sample companies selected in this study, namely
Indofarma (Persero), Tbk; Kimia Farma (Persero), Tbk; and Kalbe Farma, Tbk in the period 2013 – 2020.
The sampling technique in this study is purposive sampling where the sample is taken based on clear criteria
reasons.
The data analysis technique used in this research is descriptive analysis (descriptive statistics), unit
root test, simple linear regression, and multiple linear regression. To test the significance of the regression
coefficient using the t-test and F-test with a significance (sig) of 5%. Processing data using Eviews 09.00.
The results of this study indicate that Debt to Equity Ratio (DER), Return on Equity (ROE), Current
Ratio, Inventory Turnover, and Receivable Turnover have a significant effect together on Earning Per Share
(EPS) where the Fstatistics value (Fcount) = 37.49511 and the value of Ftable = 3.24 so Fcount > Ftable
(37.49511 > 3.24) means that H0 is rejected and Ha is supported which means Debt to Equity Ratio (DER),
Return on Equity (ROE), Current Ratio, Inventory Turnover, and Receivable Turnover on Earning Per Share
(EPS) simultaneously significant effect on Earning Per Share (EPS). The results of this study also show that:
1. the value of tstatistics (tcount) for the Debt to Equity Ratio (DER) = -2.706256 and the value of ttable
= 1.753 so that tcount < ttable (-2.706256 < 1.753) means that H0 is not supported and Ha is
supported which means that there is an effect of Debt to Equity Ratio (DER). ) partially to Earning
Per Share (EPS)
2. The value of tstatistics (tcount) for Return on Equity (ROE) = -1.405249 and the value of ttable =
1.753 so that tcount < ttable (-1.405249 < 1.753) means that H0 is supported and Ha is not supported
which means that there is no effect of Return on Equity (ROE) partially to Earning Per Share (EPS)
3. The value of tstatistics (tcount) for the Current Ratio = -0.019787 and the value of ttable = 1.753 so
that tcount < ttable (-0.019787 < 1.753) means that H0 is supported and Ha is not supported, which
means that there is no partial effect of Current Ratio on Earning Per Share (EPS).
4. The value of tstatistics (tcount) for Receivable Turnover = 6.777196 and the value of ttable = 1.753
so that tcount > ttable (6.777196 > 1.753) means that H0 is not supported and Ha is supported which
means that there is an effect of Receivable Turnover on Earning Per Share (EPS)

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