PENGARUH PROFIT MARGIN, ASSETS TURNOVER DAN LEVERAGE TERHADAP SUSTAINABLE GROWTH RATE PADA PERUSAHAAN SEKTOR JASA YANG TERDAFTAR DI BURSA EFEK INDONESIA PERIODE 2010-2012
Journal: Jurnal Riset Akuntansi dan Keuangan (Vol.3, No. 1)Publication Date: 2015-04-21
Authors : Arim Nasim; Fetti Rizki Irnama;
Page : 632-648
Keywords : Profit Margin; NPM; Assets Turnover; TATO; Leverage; DER; Sustainable Growth Rate;
Abstract
This study aims to determine the effect of Profit Margin, Assets Turnover and Leverage on Sustainable Growth Rate. The variables used are profit margin, asset turnover, and leverage as the independent variable and sustainable growth rate as a dependent variable. This study also aims to describe the state of profit margin projected by Net Profit Margin (NPM), asset turnover proxied by Total Assets Turnover (TATO), leverage which is proxied by Debt to Equity Ratio (DER) and Sustainable Growth Rate (SGR) Service sector. This research was conducted on service sector companies listed in Indonesia Stock Exchange 2010-2012.Data obtained from website Bursa Efek Indonesia.Teknik data analysis used is multiple linear regression and use t-statistics to test the influence of each independent variable to variable Dependent partially.Previously done classical assumption test that includes data normality test, multicollinearity test, heteroscedasticity test and autocorrelation test.Based on data normality test, multicollinearity test, heteroscedasticity test, and autocorrelation test did not find any variables that deviate from the classical assumption.From the results of research Shows that profit margin positively affects sustainable growth rate, asset turnover has the positive effect of sustainable growth rate, and leverage has positive effect on sustainable growth rate.
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