ANALYSIS THE INFLUENCE OF WORKING CAPITAL TO ASSETS (WTCA), DEBT TO EQUITY RATIO (DER), TOTAL ASSETS TURNOVER (TAT), AND NET PROFIT MARGIN (NPM) TOWARD RETURN TO EQUITY (ROE) (CASE STUDY OF TOP 10 MANUFACTURING COMPANIES BASED ON FORBES MAGAZINE INDONESIA IN 2015 THAT LISTED IN INDONESIA STOCK EXCHANGE PERIOD 2008 - 2013)

Abstract

This research is about to analyze the influence of working capital to total assets, debt to equity ratio, total assets turnover, and net profit margin toward return on equity. The problem stated in this research is about there is a difference between theory and the results of previous studies. The objective of this study is to analyze the partial and simultaneous significant influence of WCTA, DER, TAT, and NPM toward ROE. The methodology used in this research is quantitative research method using secondary data. The sampling method used is purposive sampling, with criteria that the manufacturing company and financial analysis data are from annual report each company. The analysis of this research is using multiple regression analysis. With significant level of 0.05, the result of multiple regression shows that partially, WCTA have a negative and not significant influence, DER have a negative significant influence, TAT and NPM have a positive significant influence toward ROE. While simultaneously all of the independent variable are significantly influence the ROE. The coefficient of determinant in this research is 26.1%.