ANALYSIS OF FINANCIAL PERFORMANCE OF CIGARETTE INDUSTRY COMPANIES THAT HAVE GONE PUBLIC ON THE SURABAYA STOCK EXCHANGE

Title: ANALYSIS OF FINANCIAL PERFORMANCE OF CIGARETTE INDUSTRY COMPANIES THAT HAVE GONE PUBLIC ON THE SURABAYA STOCK EXCHANGE

Author: Manah Tarman

Item Type : Thesis (Thesis)

Affiliations: Master of Management Study Program, Faculty of Economics and Business, Universitas Airlangga , Surabaya, Indonesia

Publisher: Universitas Airlangga

Abstract

This research was conducted on cigarette industry companies that have gone public on the Surabaya Stock Exchange, namely PT HM Sampoerna Tbk., PT Gudang Garam Tbk., and PT BAT Indonesia Tbk. With the aim: (1) to find out whether there is an influence on the current ratio, quick ratio, working capital to total assets ratio, total debt to equity ratio, total debt to total assets ratio, long term debt to equity ratio, times interest earned ratio on ROI cigarette industry companies that have gone public on the Surabaya Stock Exchange. (2) To find out which has the greatest influence, among others, current ratio, quick ratio, working capital to total assets ratio, total debt to equity ratio, total debt to total assets ratio, long term debt to equity ratio, times interest earned ratio to ROI cigarette industry companies that have gone public on the Surabaya Stock Exchange. (3) To find out whether there is a difference in the ROI of cigarette industry companies PT HM Sampoerna Tbk., PT Gudang Garam Tbk., and PT BAT Indonesia Tbk. Data analysis was carried out using multiple regression data analysis techniques and one-way ANOVA, with the help of the microstat computer program. With the following results: 1. Simultaneously there is a significant influence between the current ratio, quick ratio, working capital to total assets ratio, total debt to equity ratio, total debt to total assets ratio, long term debt to equity ratio, times interest earned ratio to ROI of cigarette industry companies that have gone public on the Surabaya Stock Exchange. 2. Partially, the biggest influence is the current ratio, quick ratio, working capital to total assets ratio, total debt to equity ratio, total debt to total assets ratio, long term debt to equity ratio, times interest earned ratio on ROI of industrial companies cigarettes that have gone public on the Surabaya Stock Exchange is the times interest earned ratio. 3. There is no difference in the ROl of cigarette industry companies PT HM Sampoerna Tbk., PT Gudang Garam Tbk., and PT BAT Indonesia Tbk., which have gone public on the Surabaya Stock Exchange

Keywords: BUSINESS ENTERPRISES – FINANCE; STOCK EXCHANGES

Sources: http://repository.unair.ac.id/34805/