PENGARUH CURRENT RATIO, DEBT TO EQUITY RATIO DAN NET PROFIT MARGIN TERHADAP RETURN ON EQUITY PADA INDUSTRI HOTEL, RESTORAN DAN PARIWISATA YANG TERDAFTAR DI BURSA EFEK INDOESIA

Abstract

Penelitian ini bertujuan untuk mengetahui pengaruh current ratio, debt to equity ratio dan net profit margin terhadap return on equity secara simultan dan parsial pada Industri Hotel, Restoran dan Pariwisata yang Terdaftar di Bursa Efek Indonesia. Desain penelitian yang digunakan adalah kuantitatif kausal. Subjek penelitian ini adalah Industri Hotel, Restoran dan Pariwisata; dan objek penelitian ini adalah current ratio, debt to equity ratio, net profit margin dan return on equity. Data dikumpulkan dengan pencatatan dokumen, kemudian dianalisis dengan analisis regresi linier berganda. Hasil penelitian menunjukkan bahwa (1) ada pengaruh signifikan secara simultan dari current ratio, debt to equity ratio dan net profit margin terhadap return on equity dengan pengaruh sebesar 73,1%, (2) ada pengaruh negatif dan signifikan secara parsial dari current ratio terhadap return on equity dengan sumbangan pengaruh sebesar 11,8%, (3) ada pengaruh negatif dan signifikan secara parsial dari debt to equity ratio terhadap return on equity dengan sumbangan pengaruh sebesar 18,4% dan (4) ada pengaruh positif dan signifikan dari net profit margin terhadap return on equity dengan sumbangan pengaruh sebesar 61%.
Kata Kunci : current ratio, debt to equity ratio, net profit margin, return on equity

This study aimed to determine the simultaneous and partial effect of current ratio, debt to equity ratio and net profit margin to the return on equity on Industry Hotel, Restaurant and Tourism Listed in Indonesia Stock Exchange. The design of this study was quantitative causal. These research subjects were Industry Hotel, Restaurant and Tourism and the object of this study was current ratio, debt to equity ratio, net profit margin and return on equity. The data collected by documentation technique and then it’s analyzed by multiple linear regression analysis. The results showed that (1) there was significant effect simultaneously of current ratio, debt to equity ratio and net profit margin to the return on equity with effect amounted to 73,1%, (2) there was significant negative effect partially from current ratio to the return on equity with a contribution effect of 11,8%, (3) there was significant negative effect partially from debt to equity ratio to the return on equity with a contribution effect of 18,4% and (4) there was significant positive effect partially from net profit margin to the return on equity with a contribution effect of 61%.
keyword : current ratio, debt to equity ratio, net profit margin, return on equity