FACTORS AFFECTING PROFITABILITY OF PHARMACEUTICAL COMPANIES LISTED IN INDONESIA STOCK EXCHANGE

• Main Author: Hasna O.
• Format: Article
• Language: English
• Published: Russian Journal of Agricultural and Socio-Economic Sciences 2019-07-01
• Series: Russian Journal of Agricultural and Socio-Economic Sciences
• Subjects: Debt Ratio; debt to equity ratio; total asset turnover; return on asset
• Online Access: https://rjoas.com/issue-2019-07/article_39.pdf

Profitability is one of the factors to assess the good and bad of a company's performance. This study aims to analyze empirically the effect of Debt Ratio, Debt to Equity Ratio, and Total Asset Turnover on Return On Asset. The research sample was selected using a purposive sampling method, namely the selection of samples of company shares/stocks during the study period based on certain criteria. Pharmaceutical sub-sector companies those actively present financial reports during the study period in 2012-2016 on the Indonesia Stock Exchange. The data used shows in full that comes from the balance sheet and income statement. The results of the research findings show that there is no effect of Debt Ratio, Debt to Equity Ratio, and Total Asset Turnover on Return on Asset.