Analisis Laporan Arus Kas untuk Menilai Kinerja Keuangan Perusahaan Rokok Yang Terdaftar di Bursa Efek Indonesia
Abstract
Penelitian ini bertujuan untuk menilai kinerja keuangan dengan laporan arus kas dan net profit margin pada perusahaan – perusahaan rokok yang terdaftar di Bursa Efek Indonesia, dengan rasio – rasio arus kas yaitu arus kas operasi(AKO), pengeluaran modal(PM), total hutang(TH), arus kas operasi terhadap laba bersih(AKB), dan rasio net profit margin (NPM)
Data yang digunakan dalam penelitian ini diperoleh dari laporan keuangan publikasi PT HM Sampoerna Tbk, PT Gudang Garam Tbk, PT Wismilak Inti Makmur Tbk melalui website Bursa Efek Indonesia. Sampel dalam penelitian ini adalah 3 perusahaan rokok yang terdaftar di Bursa Efek Indonesia. Teknik analisis data yang digunakan dalam penelitian ini adalah analisis regresi linier berganda dimana sebelumnya data telah diuji dengan pengujian asumsi klasik meliputi normalitas data, heteroskedastisitas, multikolinieritas dan autokorelasi.
Hasil penelitian selama periode pangamatan menunjukan bahwa data penelitian berdistribusi normal. Berdasarkan uji normalitas, uji multikolinearitas, uji heteroskedastisitas, dan uji autokorelasi tidak ditemukan variabel yang menyimpang dari asumsi klasik. Hal ini menunjukkan data yang tersedia telah memenuhi syarat menggunakan model persamaan regresi linier berganda. Hasil Penelitian ini secara parsial menunjukkan bahwa variabel Arus Kas Operasi berpengaruh positif dan tidak signifikan terhadap Net Profit Margin. Pengembalian Modal berpengaruh positif dan signifikan terhadap Net Profit Margin. Total Hutang berpengaruh positif dan tidak siginifikan terhadap Net Profit Margin. Sedangkan Arus Kas Operasi terhadap Laba Bersih berpengaruh Negatif dan tidak signifikan terhadap Net profit Margin. Sedangkan hasil penelitian secara simultan, keempat variabel berpengaruh signifikan terhadap Net Profit Margin.
Keywords: Laporan Keuangan, Laporan Arus Kas, Rasio Arus Kas dan NPM
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