Analisis Pengaruh Working Capital To Total Asset, Debt To Equity Ratio, Account Payable Turnover, Total Asset Turnover dan Net Profit Margin terhadap Prediksi Pertumbuhan Laba Perusahaan

Penelitian ini bertujuan untuk menganalisis dan memberi bukti empiris apakah working capital to total asset, debt to equity ratio, Accounts Payable turnover, total assets turnover dan net profit margin berpengaruh terhadap pertumbuhan laba Perusahaan manufaktur yang terdaftar di Bursa Efek Indonesia tahun 2010-2013. Sampel dipilih dengan metode purposive sampling sehingga diperoleh 96 sampel. Penelitian ini menggunakan model regresi linier berganda. Berdasarkan hasil pengujian hipotesis menunjukan bahwa working capital to total asset, total asset turnover dan net profit margin memiliki pengaruh terhadap pertumbuhan laba Perusahaan. Sedangkan debt to equity ratio dan Accounts Payable turnover tidak memiliki pengaruh terhadap pertumbuhan laba. Debt to equity ratio tidak terbukti berpengaruh negatif dikarenakan laba akan tetap meningkat jika Perusahaan mendapatkan suntikan dana tambahan dari kreditor. Perusahaan memang mengalami peningkatan jumlah beban bunga akibat pinjaman modal tersebut, akan tetapi efek dari tambahan modal tersebut lebih meningkatkan laba akibat Perusahaan berjalan lancar dalam menjalankan bisnisnya. Accounts payable turnover tidak terbukti berpengaruh dikarenakan accounts payable bukan komponen penyusun laba. Kata Kunci : Working Capital to Total Asset (WCTA), Debt to Equity Ratio (DER), Accounts Payable Turnover (APTO), Total Asset Turnover (TATO), Net Profit Margin (NPM), Pertumbuhan LabaThis study aimed to analyze and provide empirical evidence of whether the working capital to total assets, debt to equity ratio, accounts payable turnover, total asset turnover and net profit margin affect the profit growth of companies listed in Indonesia Stock Exchange 2010-2013. Samples were selected by purposive sampling method in order to obtain 96 samples. This study uses multiple linear regression model. Based on the results of hypothesis testing showed that working capital to total assets, total asset turnover and net profit margin has an influence on the growth of corporate profits. While the debt to equity ratio and accounts payable turnover has no influence on profit growth. Debt to equity ratio did not prove a negative effect on earnings will continue to rise due if the company gets an injection of additional funds from creditors. The Company is experiencing an increase in interest expense as a result of the capital loans, but the effect of the additional capital further enhance the company\u27s earnings due to run smoothly in running the business. Accounts payable turnover is not proven effect due accounts payable instead of the composition of earnings. Keywords : Working Capital to Total Assets (WCTA), Debt to Equity Ratio (DER), Accounts Payable Turnover (APTO), Total Asset Turnover (TATO), Net Profit Margin (NPM), Profit GrowthDAFTAR PUSTAKA Ajija, S. R. (2011). Cara Cerdas Menguasai Eviews. Jakarta: Salemba Empat. Adisetiawan, R. (2012). Analisis Pengaruh Kinerja Keuangan dalam Memprediksi Pertumbuhan Laba. Jurnal Aplikasi Manajemen, Vol. 10, No