Pengaruh Arus Kas Operasi, Sales Growth dan Return On Assets Terhadap Financial Distress

Shobrina Al Alifah; Tumirin Tumirin

doi:10.54066/jrea-itb.v2i3.2429

Authors

Shobrina Al Alifah Universitas Muhammadiyah Gresik
Tumirin Tumirin Universitas Muhammadiyah Gresik

DOI:

https://doi.org/10.54066/jrea-itb.v2i3.2429

Keywords:

Financial Distress, Arus Kas Operasi, Sales Growth, Return On Assets

Abstract

This study aims to test and analyze the effect between operating cash flow, sales growth, and return on assets on financial distress in State-Owned Enterprises (BUMN) listed on the Indonesia Stock Exchange (IDX) for the period 2017 - 2021. The method of determining the sample in this study using purposive sampling. The collection method in this study uses secondary data, namely financial reports obtained from the Indonesia Stock Exchange (IDX). This study uses classic assumption test analysis tools, multiple linear regression analysis, T test, F test and coefficient of determination using the SPSS application. Partial research results show that operating cash flow, sales growth, and return on assets have a significant effect on financial distress. Simultaneous research results show that operating cash flow, sales growth, and return on assets have a significant effect on financial distress.

Keywords: , , P, dan Return On Assets.

Downloads

Download data is not yet available.

References

Amarilla, U., Nurcholisah, K., & Sofianty, D. (2017). Pengaruh Arus Kas Operasi dan Ukuran Perusahaan Terhadap Financial Distress. Jurnal Prosiding Akuntansi Universitas Islam Bandung, 3(2), 166–172.

Antoniawati, A., & Purwohandoko, P. (2022). Analisis Pengaruh Profitabilitas, Likuiditas, dan Leverage terhadap Financial Distress pada Perusahaan Transportasi yang Terdaftar di BEI Tahun 2018-2020. Jurnal Ilmu Manajemen, 10(1), 28–38. https://doi.org/10.26740/jim.v10n1.p28-38

Arifin, A. Z. (2019). Buku mk aza (Issue July). https://doi.org/10.17605/OSF.IO/83U7Z

Bukhori, I., & Kusumawati, R. (2022). Prediction of Financial Distress in Manufacturing Companies : Evidence from Indonesia. 23(3). https://doi.org/10.18196/jai.v23i3.15217

Damajanti, A., Wulandari, H., & Rosyati, R. (2021). Pengaruh Rasio Keuangan Terhadap Financial Distress Pada Perusahaan Sektor Perdagangan Eceran Di Bursa Efek Indonesia Tahun 2015-2018. Solusi, 19(1), 29–44. https://doi.org/10.26623/slsi.v19i1.2998

Darmiasih, N. W. R., Endiana, I. D. M., & Pramesti, I. G. A. A. (2022). Pengaruh Stuktur Modal , Arus Kas , Good Corporate Governance Dan Ukuran Perusahaan Terhadap Financial Distress. Jurnal Kharisma, 4(1), 129–140.

Dewi, A. R. S., & Wahyuliana, E. (2019). Analysis of profit performance and asset management to financial distress bakrie group company listing in Indonesia stock exchange. International Journal of Scientific and Technology Research, 8(3), 106–110.

Ghozali, I. (2018). Aplikasi Analisis Multivariate dengan Program IBM SPSS 25. Badan Penerbit Universitas Diponegoro: Semarang.

Giarto, R. V. D., & Fachrurrozie, F. (2020). The Effect of Leverage, Sales Growth, Cash Flow on Financial Distress with Corporate Governance as a Moderating Variable. Accounting Analysis Journal, 9(1), 15–21. https://doi.org/10.15294/aaj.v9i1.31022

Harahap, S. S. (2018). Analisis Kritis Atas Laporan Keuangan. Jakarta: Raja Grafindo Persada.

Hery. (2016). Akuntansi Dasar. Jakarta: PT. Grasindo.

IAI. (2015). Pernyataan Standar Akuntansi Keuangan. Jakarta : Ikatan Akuntan Indonesia.

Kasmir. (2019). Analisis Laporan Keuangan. Jakarta: PT Raja Grafindo Persada.

Kason, Angkasa, C., Gozali, Y., Wijaya, R. A., & Hutahean, T. F. (2020). Analisis Perbandingan Keakuratan Memprediksi Financial Distress dengan Menggunakan Model Grover, Springate dan Altman Z-Score pada Perusahaan Pertambangan yang Terdaftar di Bursa Efek Indonesia pada Tahun 2013-2017. Jurnal Ilmiah MEA (Manajemen, Ekonomi, Dan Akuntansi), 4(3), 441–458.

Mahaningrum, A. A. I. A., & Merkusiwati, N. K. L. A. (2020). Pengaruh Rasio Keuangan pada Financial Distress. E-Jurnal Akuntansi, 30(8), 1969. https://doi.org/10.24843/eja.2020.v30.i08.p06

Munawir. (2014). Analisa Laporan Keuangan. Yogyakarta: Liberty.

Nukmaningtyas, F., & Worokinasih, S. (2018). PENGGUNAAN RASIO PROFITABILITAS, LIKUIDITAS, LEVERAGE DAN ARUS KAS UNTUK MEMPREDIKSI FINANCIAL DISTRESS (Studi Pada Perusahaan Sektor Aneka Industri Yang Terdaftar Di Bursa Efek Indonesia Periode 2013 - 2016). Jurnal Administrasi Bisnis, 61(2), 136–143. http://administrasibisnis.studentjournal.ub.ac.id/index.php/jab/article/view/2582

Nurhayati, D., Dewi, R. R., & Fajri, R. N. (2021). Pengaruh Rasio Keuangan Terhadap Financial Distress pada Industri Food And Beverage di Bursa Efek Indonesia Periode 2017-2019. Ekonomis: Journal of Economics and Business, 5(1), 59. https://doi.org/10.33087/ekonomis.v5i1.197

Panigrahi, A. K. (2019). Validity of Altman’s “Z” Score Model in Predicting Financial Distress of Pharmaceutical Companies. IV(1), 65–73. www.moneycontrol.com

Rahayu, S. I., Suherman, A., & Indrawan, A. (2021). PENGARUH LABA DAN ARUS KAS TERHADAP FINANCIAL DISTRESS (Studi Kasus Pada Perusahaan Manufaktur yang Terdaftar di Bursa Efek Indonesia). Jurnal Akuntansi Unihaz -Jaz, 4(1), 78–93.

Rinofah, R., Kusumawardhani, R., Athadhita, V., & Putri, M. (2022). Factors Affecting Potential Company Bankruptcy During the Covid-19 Pandemic. Jurnal Keuangan Dan Perbankan, 26(1), 208–228. https://doi.org/10.26905/jkdp.v26i1.6752

Rinofah, R., Sari, P. P., & Juliani, T. (2021). Pengaruh Kinerja Keuangan terhadap Financial Distress pada Perusahaan Manufaktur Sub Sektor Industri Barang Konsumsi Makanan dan Minuman yang Terdaftar di Bursa Efek Indonesia Periode 2016 - 2020. Al-Kharaj : Jurnal Ekonomi, Keuangan & Bisnis Syariah, 4(3), 726–744. https://doi.org/10.47467/alkharaj.v4i3.719

Safitri, M., Nur, R., & Fadhilah, H. K. (2022). Pengaruh Operating Capacity , Laba Dan Arus Kas Terhadap Financial Distress Pada Sektor Transportasi Yang Terdaftar Di Bursa Efek Indonesia ( Bei ) Periode 2016-2020. 01(02), 1–21.

Springate, G. L. V. (1978). Predicting the Possibility of Failure in a Canadian Firm: A Discriminant Analysis. Simon Fraser University.

Wanialisa, M., & Chairissa, A. P. (2022). Determinan Financial Distress Pada Perusahaan Manufaktur Subsektor Makanan dan Minuman di BEI Periode 2017-2021. Ikraith-Ekonomika, 5(3), 255–266. https://doi.org/10.37817/ikraith-ekonomika.v5i3.2461