Pengaruh Profitabilitas, Likuiditas, Sales Growth Dan Leverage terhadap Financial Distress pada Perusahaan Sub Sektor Kosmetik Tahun 2018-2023 yang Terdaftar di Bursa Efek Indonesia
DOI:
https://doi.org/10.32502/balance.v10i1.541Keywords:
Financial Distress, Leverage, Likuidity, Profitability, Sales GrowthAbstract
This study aims to determine the effect of Profitability, Liquidity, Sales Growth and Leverage on Financial Distress in cosmetic sub-sector companies in 2018-2023 listed on the Indonesia Stock Exchange. The research sample consisted of five companies obtained through purposive sampling. Data analysis used descriptive statistics, classical assumption tests, multiple linear regression analysis, hypothesis testing and coefficient of determination (Adjusted R Square). The results of the study showed that partially profitability and liquidity have a positive effect on financial distress, meaning they can reduce the risk of financial distress. Sales Growth and Leverage have no effect on Financial Distress. The high or low value of Sales Growth and Leverage owned by the company does not directly affect the company experiencing financial distress. Simultaneously Profitability, Liquidity, Sales Growth and Leverage have a positive effect on Financial Distress. This study adds information for companies to manage profitability and liquidity optimally and adds to the understanding of the factors causing financial distress.
References
Aryati, R. D., Rinofah, R., & Kusumawardhani, R. (2023). Pengaruh Likuiditas, Profitabilitas, Ukuran Perusahaan, dan Pertumbuhan Penjualan terhadap Financial Distress. Jurnal Ilmiah Universitas Batanghari Jambi, 23(2), 2293. https://doi.org/10.33087/jiubj.v23i2.3703
Azalia, V., & Rahayu, Y. (2019). Pengaruh Leverage, Likuiditas, Profitabilitas, Dan Ukuran Perusahaan Terhadap Financial Distress. Jurnal Ilmu Dan Riset Akuntansi, 86–101.
Bintari, I. K., & Rahayu, Y. (2022). Pengaruh Profitabilitas , Likuiditas , Dan Sales Growth Terhadap Financial Distress Pada Sektor Teknologi. Jurnal Ilmu Dan Riset Akuntan, 11, 1–16.
Erayanti, R. (2019). Pengaruh Likuiditas, Profitabilitas dan Leverage terhadap Prediksi Financial Distress. Jurnal Riset Akuntansi & Perpajakan (JRAP), 6(01), 38–51. https://doi.org/10.35838/jrap.v6i01.393
Febrianty, Annisa, M. L., Hamzah, R. S., & Amalia, R. F. (2022). Panduan Analisis Laporan Keuangan. In Perkumpulan Rumah Cemerlang Indonesia. Perkumpulan Rumah Cemerlang Indonesia. https://www.google.co.id/books/edition/Panduan_Analisis_Laporan_Keuangan/dRJ4EAAAQBAJ?hl=en&gbpv=0
Gani, I., & Amalia, S. (2018). Alat Analisis Data. In CV. Andi Offset, Yogyakarta. Pernerbit Andi (Anggota IKAPI).
Hery. (2016). Analisis Laporan Keuangan: Integritas And Comprehensive Edition. Grasindo.
Https://cnbcindonesia.com. (2023). Valuasi Masih Mahal, Mustika Ratu (MRAT) Juga Rugi Mulu. CNBC Indonesia. https://www.cnbcindonesia.com/research/20230312171639-128-420998/valuasi-masih-mahal-mustika-ratu--mrat--juga-rugi-mulu#:~:text=Dapat dilihat secara BV dan PBV dapat terlihat
Https://investasi.kontan.co.id. (2023). Kino Indonesia (KINO) Berbalik Menanggung Rugi Rp 957 miliar pada 2022. Kontan.Co.Id. https://investasi.kontan.co.id/news/kino-indonesia-kino-berbalik-menanggung-rugi-rp-957-miliar-pada-2022
Https://market.bisnis.com. (2020). Victoria Care (VICI) Resmi MAsuk BEI, Simak Rencana Ekspansinya! Bisnis.Com. https://market.bisnis.com/read/20201217/192/1332148/victoria-care-vici-resmi-masuk-bei-simak-rencana-ekspansinya
Https://www.idnfinancials.com. (2021). Martina Berto Catatkan Penurunan Penjulan. IDN Financials. https://www.idnfinancials.com/archive/id/news/38656/Martina-Berto-reported-a-sales-decline#:~:text=JAKARTA - PT Martina Berto Tbk (MBTO) mencatatkan
Https://www.liputan6.com. (2022). Martina Berto Absen Bagikan Dividen 2021. LIPUTAN6. https://www.liputan6.com/saham/read/5027797/martina-berto-absen-bagikan-dividen-2021#:~:text=Liputan6.com%2C Jakarta - PT Martina Berto Tbk %28MBTO%29,membagikan dividen karena perusahaan masih rugi pada 2021.
Https://www.neraca.co.id. (2023). Mandom Stock Split Saham Rasio 1:2. Neraca.Co.Id. https://www.neraca.co.id/article/180517/mandom-stock-split-saham-rasio-1-2#:~:text=Selama dua tahun berturut-turut 2020 dan 2021,karena penjualan yang turun di tengah pandemi
Indrawan, A. Y., & Sudarsi, S. (2023). Pengaruh Profitabilitas, Likuiditas, dan Struktur Modal Terhadap Financial Distress pada Perusahaan Manufaktur yang Terdaftar di BEI 2019-2021. Kompak :Jurnal Ilmiah Komputerisasi Akuntansi, 16(1), 61–69. https://doi.org/10.51903/kompak.v16i1.1043
Kasmir. (2008). Analisis Lapoan Keuangan. PT. Rajagravindo Persada.
Kristanti, T. F. (2021). Analisis Survival untuk Financial Distress di Indonesia. Intelegensia Media.
Maryanti, L., & Susilo, A. Z. (2021). Pengaruh Profitabilitas, Sales Growth, Likuiditas, Dan Leverage Terhadap Financial Distress. Jurnal Profita: Kajian Ilmu …, 1(4), 54–70. https://journal.student.uny.ac.id/index.php/profita/article/view/17722%0Ahttps://journal.student.uny.ac.id/index.php/profita/article/viewFile/17722/17086
Okrisnesia, M., Supheni, I., & Suroso, B. (2021). Pengaruh Profitabilitas, Likuiditas Dan Pertumbuhan Penjualan Terhadap Financial Distress Di Masa Pandemi Covid-19 Pada Perusahaan Food and Beverages Yang Terdaftar Di Bursa Efek Indonesia. Seminar Nasional Manajemen, Ekonomi Dan Akuntasi, 6(1), 1466–1474.
Oktaviani, N. D. D., & Lisiantara, G. A. (2022). Pengaruh Profitabilitas, Likuiditas, Aktivitas, Leverage, dan Sales Growth Terhadap Financial Distress. Owner, 6(3), 1649–1559. https://doi.org/10.33395/owner.v6i3.944
Prihadi, T. (2019). Analisis Laporan Keuangan Konsep dan Aplikasi. In PT. Gramedia Pustaka Utama. Gramedia Pustaka Utama. https://books.google.co.id/books?id=SC7GDwAAQBAJ&printsec=frontcover&hl=id&source=gbs_ge_summary_r&cad=0#v=onepage&q&f=false
Riswan, & Dunan, H. (2019). Desain Penelitian dan Statistik Multivariate. In AURA CV. Anugrah Utama Raharja Anggota.
Sudarsono, Renaldo, N., Hutauruk, M. B., Junaedi, A. T., & Suyono. (2022). Teori Penelitian Keuangan. CV Literasi Nusantara Abadi.
Sudaryana, B., & Agusiandy, R. (2022). Metodologi Penelitian Kuantitatif. In Metodologi Penelitian Kuantitatif. Deepublish.
Sutra, M. F., & Mais, G. R. (2019). Faktor-faktor yang mempengaruhi financial distress dengan pendekatan altman z-score pada perusahaan pertambangan yang terdaftar di Bursa Efek Indonesia Tahun 2015-2017. Jurnal Akuntansi Dan Manajemen, 16(1).
Wangsih, I. C., Yanti, D. R., Yohana, Y., Kalbuana, N., & Cahyadi, C. I. (2021). Influence of Leverage, Firm Size, and Sales Growth on Financial Distress. International Journal of Economics, Business and Accounting Research (IJEBAR), 5(4), 180–194. www.ceicdata.com
Wibowo, A., & Susetyo, A. (2020). Analisis Pengaruh Profitabilitas, Likuiditas, Operating Capacity, Sales Growth Terhadap Kondisi Financial Distress pada Perusahaan Manufaktur yang Terdaftar di Bursa Efek Indonesia Tahun 2015-2018. Jurnal Ilmiah Mahasiswa Manajemen, Bisnis Dan Akuntansi (JIMMBA), 2(6), 927–947. https://doi.org/10.32639/jimmba.v2i6.687
Downloads
Published
How to Cite
Issue
Section
License
Copyright (c) 2025 Haniza Tarama Dhanti, Yulitiawati, Eka Meiliya Dona
This work is licensed under a Creative Commons Attribution-ShareAlike 4.0 International License.
