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Lampiran 1: Hasil Perhitungan Rasio Total Asset Turn Over (TATO), Return On Asset (ROA) dan Return On Equity (ROE)
No. Kode Tahun
Laba Bersih
Total Aktiva
Total
Ekuitas Penjualan TATO ROA ROE
1 INTP 2003 670,289 10,145,066 4,533,458 4,157,683 0.409823 0.066070 0.147854 2 INTP 2004 116,023 9,771,012 4,655,793 4,615,507 0.472367 0.011874 0.024920 3 INTP 2005 739,686 10,536,380 5,629,382 5,592,354 0.530766 0.070203 0.131397 4 INTP 2006 592,802 9,598,280 6,032,762 6,325,329 0.659007 0.061761 0.098264 5 INTP 2007 980,103 10,037,927 6,893,500 7,323,644 0.729597 0.097640 0.142178 6 INTP 2008 1,745,501 11,286,707 8,500,194 9,780,498 0.866550 0.154651 0.205348 7 INTP 2009 2,746,654 13,276,270 10,680,725 10,576,456 0.796644 0.206884 0.257160 8 INTP 2010 3,224,942 15,346,146 13,077,390 11,137,805 0.725772 0.210147 0.246604 9 INTP 2011 3,601,516 18,151,331 15,733,951 13,887,892 0.765117 0.198416 0.228901 10 INTP 2012 4,763,388 22,755,160 19,418,738 17,290,337 0.759842 0.209332 0.245299 11 SMCB 2003 174,117 7,647,642 2,657,050 2,240,296 0.292939 0.022767 0.065530 12 SMCB 2004 (533,130) 7,520,403 2,153,557 2,368,489 0.314942 -0.070891 -0.247558 13 SMCB 2005 (334,081) 7,324,210 1,842,429 3,017,599 0.412003 -0.045613 -0.181326 14 SMCB 2006 175,945 7,065,846 2,098,668 2,993,197 0.423615 0.024901 0.083837 15 SMCB 2007 169,410 7,208,250 2,257,357 3,754,906 0.520918 0.023502 0.075048 16 SMCB 2008 282,220 8,208,985 2,804,264 5,341,054 0.650635 0.034379 0.100640 17 SMCB 2009 895,751 7,265,366 3,314,890 5,943,881 0.818112 0.123291 0.270220 18 SMCB 2010 828,422 10,437,249 6,822,608 5,960,589 0.571088 0.079372 0.121423 19 SMCB 2011 1,054,987 10,950,501 7,527,260 7,523,964 0.687089 0.096341 0.140156 20 SMCB 2012 1,381,404 12,168,517 8,418,056 9,011,076 0.740524 0.113523 0.164100 21 SMGR 2003 399,007 6,649,970 3,513,178 5,445,330 0.818850 0.060001 0.113574 22 SMGR 2004 508,916 6,665,831 3,642,437 6,067,558 0.910248 0.076347 0.139719 23 SMGR 2005 1,001,772 7,297,859 4,466,931 7,532,208 1.032112 0.137269 0.224264 24 SMGR 2006 1,295,521 7,496,419 5,499,614 8,727,858 1.164270 0.172819 0.235566 25 SMGR 2007 1,775,408 8,515,227 6,627,262 9,600,801 1.127486 0.208498 0.267895 26 SMGR 2008 2,523,544 10,602,964 8,069,586 12,209,846 1.151550 0.238004 0.312723 27 SMGR 2009 3,326,488 12,951,308 10,197,679 14,387,850 1.110919 0.256846 0.326201 28 SMGR 2010 3,633,220 15,562,999 12,006,439 14,344,189 0.921685 0.233452 0.302606 29 SMGR 2011 3,955,273 19,661,603 14,615,097 16,378,793 0.833034 0.201167 0.270629 30 SMGR 2012 4,926,640 26,579,084 18,164,855 19,598,248 0.737356 0.185358 0.271218
Lampiran 2 : Sampel yang digunakan Dalam Penelitian Sebelum di LOG
Emiten Tahun TATO ROA ROE Tahun
Accumulation Distribution Line _INTP 2003 0.409823 0.066070 0.147854 2004 102700880 _INTP 2004 0.472367 0.011874 0.024920 2005 35736081 _INTP 2005 0.530766 0.070203 0.131397 2006 4498060 _INTP 2006 0.659007 0.061761 0.098264 2007 12121717 _INTP 2007 0.729597 0.097640 0.142178 2008 18364123 _INTP 2008 0.866550 0.154651 0.205348 2009 -6172339 _INTP 2009 0.796644 0.206884 0.257160 2010 24711393 _INTP 2010 0.725772 0.210147 0.246604 2011 28948807 _INTP 2011 0.765117 0.198416 0.228901 2012 24072634 _INTP 2012 0.759842 0.209332 0.245299 2013 4085642 _SMCB 2003 0.292939 0.022767 0.065530 2004 207449450 _SMCB 2004 0.314942 -0.070891 -0.247558 2005 103018919 _SMCB 2005 0.412003 -0.045613 -0.181326 2006 185811218 _SMCB 2006 0.423615 0.024901 0.083837 2007 431787165 _SMCB 2007 0.520918 0.023502 0.075048 2008 216873836 _SMCB 2008 0.650635 0.034379 0.100640 2009 129728837 _SMCB 2009 0.818112 0.123291 0.270220 2010 71582086 _SMCB 2010 0.571088 0.079372 0.121423 2011 152048773 _SMCB 2011 0.687089 0.096341 0.140156 2012 71898267 _SMCB 2012 0.740524 0.113523 0.164100 2013 -1455190 _SMGR 2003 0.818850 0.060001 0.113574 2004 1083508 _SMGR 2004 0.910248 0.076347 0.139719 2005 -473575 _SMGR 2005 1.032112 0.137269 0.224264 2006 -417868 _SMGR 2006 1.164270 0.172819 0.235566 2007 -1393434 _SMGR 2007 1.127486 0.208498 0.267895 2008 -16746808 _SMGR 2008 1.151550 0.238004 0.312723 2009 10106250 _SMGR 2009 1.110919 0.256846 0.326201 2010 125469190 _SMGR 2010 0.921685 0.233452 0.302606 2011 49399100 _SMGR 2011 0.833034 0.201167 0.270629 2012 68818692 _SMGR 2012 0.737356 0.185358 0.271218 2013 -45612584
Lampiran 3 : Sampel yang digunakan Dalam Penelitian Setelah di LOG
Emiten Tahun TATO ROA ROE Tahun
LOG_Accumulation Distribution Line _INTP 2003 0.409823 0.066070 0.147854 2004 8.011574166 _INTP 2004 0.472367 0.011874 0.024920 2005 7.553106923 _INTP 2005 0.530766 0.070203 0.131397 2006 6.653025227 _INTP 2006 0.659007 0.061761 0.098264 2007 7.083564129 _INTP 2007 0.729597 0.097640 0.142178 2008 7.263970186 _INTP 2008 0.866550 0.154651 0.205348 2009 -0.000000162 _INTP 2009 0.796644 0.206884 0.257160 2010 7.392897228 _INTP 2010 0.725772 0.210147 0.246604 2011 7.461630674 _INTP 2011 0.765117 0.198416 0.228901 2012 7.381523610 _INTP 2012 0.759842 0.209332 0.245299 2013 6.611260274 _SMCB 2003 0.292939 0.022767 0.065530 2004 8.316912288 _SMCB 2004 0.314942 -0.070891 -0.247558 2005 8.012916987 _SMCB 2005 0.412003 -0.045613 -0.181326 2006 8.269071931 _SMCB 2006 0.423615 0.024901 0.083837 2007 8.635269729 _SMCB 2007 0.520918 0.023502 0.075048 2008 8.336207162 _SMCB 2008 0.650635 0.034379 0.100640 2009 8.113036525 _SMCB 2009 0.818112 0.123291 0.270220 2010 7.854804351 _SMCB 2010 0.571088 0.079372 0.121423 2011 8.181982919 _SMCB 2011 0.687089 0.096341 0.140156 2012 7.856718420 _SMCB 2012 0.740524 0.113523 0.164100 2013 -0.000000687 _SMGR 2003 0.818850 0.060001 0.113574 2004 6.034832256 _SMGR 2004 0.910248 0.076347 0.139719 2005 -0.000002112 _SMGR 2005 1.032112 0.137269 0.224264 2006 -0.000002393 _SMGR 2006 1.164270 0.172819 0.235566 2007 -0.000000718 _SMGR 2007 1.127486 0.208498 0.267895 2008 -0.000000060 _SMGR 2008 1.151550 0.238004 0.312723 2009 7.004590037 _SMGR 2009 1.110919 0.256846 0.326201 2010 8.098537096 _SMGR 2010 0.921685 0.233452 0.302606 2011 7.693719037 _SMGR 2011 0.833034 0.201167 0.270629 2012 7.837706416 _SMGR 2012 0.737356 0.185358 0.271218 2013 -0.000000022
Lampiran 4 : Hasil Output EVIEWS A. Uji Deskriptif
TATO ROA ROE ACDL
Mean 0.731829 0.115277 0.159480 66934761 Median 0.738940 0.105581 0.155977 26830100 Maximum 1.164270 0.256846 0.326201 431787165 Minimum 0.292939 -0.070891 -0.247558 -45612584 Std. Dev. 0.244278 0.088159 0.130835 97782612 Observations 30 30 30 30 B. Uji Normalitas
Total Asset Turn Over (TATO)
0 1 2 3 4 5 6 7 8 0.2 0.3 0.4 0.5 0.6 0.7 0.8 0.9 1.0 1.1 1.2 Series: TATO Sample 1 30 Observations 30 Mean 0.731829 Median 0.738940 Maximum 1.164270 Minimum 0.292939 Std. Dev. 0.244278 Skewness 0.056363 Kurtosis 2.290240 Jarque-Bera 0.645582 Probability 0.724125
Return On Asset (ROA)
0 1 2 3 4 5 6 -0.05 0.00 0.05 0.10 0.15 0.20 0.25 Series: ROA Sample 1 30 Observations 30 Mean 0.115277 Median 0.105581 Maximum 0.256846 Minimum -0.070891 Std. Dev. 0.088159 Skewness -0.193970 Kurtosis 2.090434 Jarque-Bera 1.222261 Probability 0.542737
0 1 2 3 4 5 6 7 8 9 -0.2 -0.1 0.0 0.1 0.2 0.3 Series: ROE Sample 1 30 Observations 30 Mean 0.159480 Median 0.155977 Maximum 0.326201 Minimum -0.247558 Std. Dev. 0.130835 Skewness -1.440994 Kurtosis 5.366997 Jarque-Bera 17.38567 Probability 0.000168
Accumulation Distribution Line (ACDL)
Uji Jarque-Bera konsisten dengan One-Sample Kolmogorov-Smirnov
One-Sample Kolmogorov-Smirnov Test
TATO ROA ROE ACDL
N 30 30 30 30
Normal Parametersa,b Mean .7318287 .1152770 .1594797 6.6935E7
Std. Deviation .24427805 .08815868 .13083460 9.77826E7
Most Extreme Differences Absolute .090 .127 .136 .192
Positive .073 .091 .101 .192
Negative -.090 -.127 -.136 -.163
Kolmogorov-Smirnov Z .494 .697 .747 1.051
Asymp. Sig. (2-tailed) .968 .717 .632 .220
a. Test distribution is Normal. b. Calculated from data.
0 2 4 6 8 10 12
500.000 1.0e+08 2.0e+08 3.0e+08 4.0e+08
Series: ACDL Sample 1 30 Observations 30 Mean 66934761 Median 26830100 Maximum 4.32e+08 Minimum -45612584 Std. Dev. 97782612 Skewness 1.966170 Kurtosis 7.532872 Jarque-Bera 45.01279 Probability 0.000000
C. Uji Model (Chow test)
Redundant Fixed Effects Tests Pool: HIPOTESIS
Test cross-section fixed effects
Effects Test Statistic d.f. Prob.
Cross-section F -0.000000 (29,867) 1.0000
Cross-section Chi-square 0.000000 29 1.0000
D. Analisa Regresi Linear Berganda
Estimation Command: =====================
LS LOGACCUMULATION C TATO ROA ROE Estimation Equations:
=====================
LOGACCUMULATION = C(1) + C(2)*TATO + C(3)*ROA + C(4)*ROE Substituted Coefficients:
=====================
E. Uji Hipotesis 1. Uji Simultan
Pengaruh Total Asset Turn Over (TATO), Return On Asset (ROA) dan Return On Equity (ROE) terhadap Accumulation Distribution Line (ACDL)
Dependent Variable: LOG_ACCUMULATION Method: Pooled Least Squares
Date: 11/25/13 Time: 11:42 Sample: 2003 2012
Included observations: 10 Cross-sections included: 30
Total pool (balanced) observations: 300
Variable Coefficient Std. Error t-Statistic Prob.
C 1.161347 0.048704 23.84525 0.0000
TATO 7.710405 0.796445 9.681031 0.0000
ROA -6.009515 0.735256 -8.173359 0.0000
ROE -0.017500 0.002132 -8.207238 0.0000
R-squared 0.386404 Mean dependent var 0.980751
Adjusted R-squared 0.380186 S.D. dependent var 0.148469
S.E. of regression 0.116887 Akaike info criterion -1.441966
Sum squared resid 4.044155 Schwarz criterion -1.392582
Log likelihood 220.2949 Hannan-Quinn criter. -1.422203
F-statistic 62.13414 Durbin-Watson stat 1.377274
Prob(F-statistic) 0.000000
2. Uji Parsial
Pengaruh Total Asset Turn Over (TATO) terhadap Accumulation Distribution Line (ACDL)
Dependent Variable: LOG_ACCUMULATION Method: Pooled Least Squares
Date: 11/25/13 Time: 11:43 Sample: 2003 2012
Included observations: 10 Cross-sections included: 30
Total pool (balanced) observations: 300
Variable Coefficient Std. Error t-Statistic Prob.
C 0.806490 0.023044 34.99802 0.0000
TATO 0.984661 0.122555 8.034474 0.0000
R-squared 0.178051 Mean dependent var 0.980751
Adjusted R-squared 0.175292 S.D. dependent var 0.148469
S.E. of regression 0.134830 Akaike info criterion -1.162957
Sum squared resid 5.417396 Schwarz criterion -1.138265
Log likelihood 176.4435 Hannan-Quinn criter. -1.153075
F-statistic 64.55277 Durbin-Watson stat 0.620607
Pengaruh Return On Asset (ROA) terhadap Accumulation Distribution Line (ACDL)
Dependent Variable: LOG_ACCUMULATION Method: Pooled Least Squares
Date: 11/25/13 Time: 11:44 Sample: 2003 2012
Included observations: 10 Cross-sections included: 30
Total pool (balanced) observations: 300
Variable Coefficient Std. Error t-Statistic Prob.
C 0.774591 0.030176 25.66926 0.0000
ROA 0.836554 0.118128 7.081740 0.0000
R-squared 0.144050 Mean dependent var 0.980751
Adjusted R-squared 0.141177 S.D. dependent var 0.148469
S.E. of regression 0.137591 Akaike info criterion -1.122423
Sum squared resid 5.641494 Schwarz criterion -1.097731
Log likelihood 170.3635 Hannan-Quinn criter. -1.112541
F-statistic 50.15105 Durbin-Watson stat 0.659068
Prob(F-statistic) 0.000000
Pengaruh Return On Equity (ROE) terhadap Accumulation Distribution Line (ACDL)
Dependent Variable: LOG_ACCUMULATION Method: Pooled Least Squares
Date: 11/25/13 Time: 11:44 Sample: 2003 2012
Included observations: 10 Cross-sections included: 30
Total pool (balanced) observations: 300
Variable Coefficient Std. Error t-Statistic Prob.
C 0.989802 0.012058 82.08332 0.0000
ROE -0.002468 0.002313 -1.066869 0.2869
R-squared 0.003805 Mean dependent var 0.980751
Adjusted R-squared 0.000462 S.D. dependent var 0.148469
S.E. of regression 0.148435 Akaike info criterion -0.970692
Sum squared resid 6.565834 Schwarz criterion -0.946001
Log likelihood 147.6039 Hannan-Quinn criter. -0.960811
F-statistic 1.138209 Durbin-Watson stat 0.522619
