Influence of Working capital to total asset, EBIT to total asset, EBT to current liabilities, Sales to total asset and Springate Indeks on Stock Return Comparison from two Property & Real Estate and Food & Beverage Sectors Listed on Indonesia Stock Exc
Article Sidebar
Main Article Content
Abstract
This study aims to determin effect of Working capital to total assets, EBIT to total assets, EBT to current liabilities, Sales to total assets and Springate coefficient on Stock Return. The amount of data processed by food and beverage sector are 104 from 11 companies and 315 data from 37 companies in property and real estate sector. Data processing is done to answer 3 hypotheses. The results shows, Significance influence of EBIT on Total Asset on stock return for FnB sector and only working capital to Total Asset have significant influence on stock return for PnR sector. The influence of Working Capital towards Total Assets, EBIT to Total Assets , Net Profit Before Tax towards Current Liabilities, and Sales towards Total Assets on stock return is only 4.7% meaning that influence stock return greater than other factor. Also the influence of coefficient springate to return stock also small, only 7%
Article Details
References
Gantino, R., Ruswanti, E., & Rachman, T. (2017). Performance model: Environmental uncertainty, decentralization of authority and business strategy on managerial performance (property and real estate and food and beverage sectors listed on Indonesia stock exchange). International Journal of Economic Research, 14(13), 151–163.
Hakkı Öztürk, T. A. K. (2018). The Relationship between Earnings-to-Price, Current Ratio, Profit Margin and Return: An Empirical Analysis on Istanbul Stock Exchange. Accounting and Finance Research, 7(1).
Kevin, S. (2016). The Impact of Financial Ratio toward Stock Return of Property Industry in Indonesia. IBuss Management, 3(2).
Liang, D., Lu, C.-C., Tsai, C. ., & Shih, G.-A. (2016). Financial ratios and corporate governance indicators in bankruptcy prediction: A comprehensive study. European Journal of Operational Research. https://doi.org/10.1016/j.ejor.2016.01.012
M Fachri, H., & Galuh, T. P. (n.d.). Precision Of The Models Of Altman, Springate, Zmijewski, And Grover For Predicting The Financial Distress.
Pražák, T., & Stavárek, D. (2017). The Effect of Financial Ratios on the Stock Price Development (No. 0043).
Prihanthini, N. M. E. D., & Maria M, R. S. (2013). Prediksi Kebangkrutan Dengan Model Grover, Altman Z-Score, Springate Dan Zmijewski Pada Perusahaan Food And Beverage Di Bursa Efek Indonesia. E-Jurnal Akuntansi Universitas Udayana, 5(2).
Rifqi, M., & Yoshio, K. (2016). Predicting Financial Distress in Indonesian Manufacturing Industry.
Siregar, Widyana, V., Syamni, Ghazali, M., & Shabri, A. M. (2018). Bankruptcy Prediction Models and Stock Pricesof the Coal Mining Industry in Indonesia. Etikonomi, 17(1).
Springate, G. L. . (1978). Predicting the Possibility of Failure in Canadian Firm.M.B.A.
Wahyudi, S. (2003). Stock Return Valuation (Pengukuran Return Saham). Jurnal Ekonom, Suara Merdeka, 11.