Return on equity has a positive effect on the dividend payout ratio with a significant value of 0.030 <0.05 and a regression coefficient of 0.284. These factors include return on investment, current ratio, debt-to-equity ratio, earnings per share, and firm size. Faculty of Economics, Prima Indonesia University, Medan, Indonesia “The study was conducted to determine how much effect the current ratio, return on assets, total asset turnover and sales growth have on the capital structure of IDX listed manufacturing companies from 2016 to 2018.
The data method used was the descriptive method and the method of multiple linear analysis Structure. The results showed that the partially current ratio has a negative and significant effect on the capital structure, the return on assets did not have a significant effect on the capital structure, the total turnover of assets did not have a significant effect on the capital structure, and sales growth did not have a significant effect on the capital structure in manufacturing companies. listed on the Indonesian Stock Exchange. The results showed that return on assets and delayed dividends have a positive effect on the dividend payout ratio. It showed that return on equity has a significant negative effect on the dividend payout ratio with a regression coefficient.
The results of the study revealed that Return on Equity (X1) has no significant effect on the stock return, Debt to Asset Ratio (X2) has no significant effect on the stock return, Working Capital Turnover (X3) has a. The results of this study show that return on assets and dividend arrears have a positive impact on dividend payout ratio. To determine the effect of Current Ratio, Debt to Equity Ratio, Return on Investment, Investment Opportunity Set and Fixed Size on Dividend Payout Ratio.
Return on investment does not have a significant effect on the dividend payout ratio, the investment opportunity set does not.
ISSN 2502-5678 P-ISSN 2502-1400
The effect of working capital turnover, sales growth and fixed asset turnover on return on investment (ROI). This study was to analyze the impact of Return on Working Capital, Sales Growth and Return on Fixed Assets on Return on Investment (ROI). Marketing mix: X1: Current ratio, X2: Debt to equity ratio, X3: Return on equity ratio X4: consumer goods industry and Y: dividend payout ratio.
Marketing Mix: X1: Intellectual Value Added Coefficient, X2: RETURN ON INVESTMENT X3: CURRENT RATIO, X4: DEBT TO EQUITY RATIO and Y: Enterprise Value. Effect of Current Ratio, Return on Equity, Debt-Equity Ratio and Asset Growth on Dividend Payout Ratio in Indonesian Listed Manufacturing Firms between A. A. Ayu Erna Trisnadewi1, aI Wayan Rupa1,b, Komang Adi Kurniawan Saputra1 1,c, # Ni Nyoman Dita Mutiasari1,d, 2019). Marketing mix: X1: Current ratio, X2: Return on equity, X3: Debt-to-equity ratio, X4: Asset growth, and Y: Dividend-to-payout ratio.
Impact of return on investment, current ratio, debt-to-equity ratio, earnings per share and firm size on dividend payout ratio in listed banking industries in Indonesia stock exchange period 2013-2018. Marketing mix: X1: Return on investment, X2: Current ratio, X3: Debt-to-equity ratio, X4: Earnings per share, X5: Firm size, and Y: Dividend payout ratio. Marketing mix: X1: Return on assets, X2: Return on equity, X3: Return on investment, X4: Net profit margin and Y: Dividend payout ratio.
The effect of operating ratio, return on assets, total asset turnover and sales growth on capital structure in manufacturing company. Marketing Mix: X1: Current Ratio, X2: Return on Assets, X3: Total Asset Turnover, X4: Sales Growth and Y: Capital Structure. The effect of current ratio, debt-to-equity ratio, return on investment, investment opportunity set, and firm size on dividend payout ratio in companies included in the Jakarta Islamic index during the period of.
Market mix: X1: Current ratio, X2: Debt-to-equity ratio, X3: Return on investment, X4: Opportunity set, X5: Company size, and Y: Dividend payout ratio. Market mix: X1: Current ratio, X2: Debt-to-equity ratio, X3: Return on assets, X4: Profit growth, X5: Earnings per share, X6: Market and book value, X7: Return on equity and Y: Dividend payout. Marketing mix: X1: Return on assets, X2: Dividend trailing, X3: Sales growth, X4: Debt-to-equity ratio Y: Dividend payout ratio.
33 2.2 Theoretical Framework
- Saudi Stock Exchange (Tadawul)
- Signaling Theory
- Current Ratio
- Debt to Equity Ratio
- Return on Investment
- Sales Growth
- Dividend Payout Ratio
- Empirical Overview
- Research conducted by (Imas Della Fauzi1, Rukmini2, 2019)with the title The Effect of Financial Performance Measured With Rent ability Ratio Against Dividend Payout Ratio (Empirical Study on
- Research conducted by (Zulkifli, Endri, Augustina Kurniasih, 2019) with the title Determinants of Internal Dividend Payout Ratio of Pharmaceutical Companies Listed in Indonesia Stock Exchange"
- Research conducted by (Dessy Widyawati & Astiwi Indriani, 2019)with the title Determinants of dividend payout ratio: evidence from Indonesian manufacturing companies “Department of
- Research conducted by (Samira Anggraeini& Krisnando , 2020) with the title Affecting Factors Ratio Payout Dividend (For Manufacturing Companies in the Consumer Goods Industry Listed on the
This ratio also gives a general direction regarding the financial adequacy and risk of the organization. According to (Kashmir, 2021), return or known as return on investment (ROI) or return on total resources is a ratio that indicates (profitability) the amount of resources used in an organization. In addition, return on investment is calculated by dividing the generated income by the amount of invested capital.
Based on the above understanding, it can be concluded that the dividend payout ratio is the level of net profit distributed to issuers as profit and the company's retained earnings as future funding. The sample in this study was the population in this research is consumer goods industry sector listed on the Indonesia Stock Exchange amounted to 40 companies and the research sample is 13 companies. However, the result of the current ratio has an insignificant negative effect on the dividend payout ratio with a regression coefficient of -2.462612 and the debt-to-equity ratio has an insignificant positive effect on the dividend payout ratio with a regression coefficient of 0.012540.
The sample in this study was that the collected data is taken from the financial statements of manufacturing companies listed on the Indonesian Stock Exchange during the period 2013-2015. The results showed that the current ratio, return on assets, debt to equity ratio, earnings growth, return on equity, earnings per share and market value at the same time had a significant influence on the dividend payout ratio. The study was conducted to determine the factors that affect the dividend payout ratio in consumer goods sector manufacturing companies listed on the Indonesian Stock Exchange in.
The sample in this study was to examine data taken from reports of manufacturing companies in the consumer goods sector listed on the Indonesian Stock Exchange. The more a company meets its short-term needs with short-term funds, the stronger its cash position, so the company's ability to pay dividends is greater. 3) The debt-to-equity ratio has a positive effect on the dividend payout ratio. A company can manage debt into profit so that the company has the ability to pay dividends. 4) Sales growth has a positive effect on the dividend payout ratio.
A research conducted by (Maryana and Muhammad Ikhsan, 2019) entitled "The Impact of Sales Growth, Leverage, Current Ratio and Profitability on the Dividend Payout Ratio of Indonesian Listed Banking Companies STIE Lhokseumawe Akuntansi Accounting Study Program" The study was conducted to examine how much "the effect of sales growth, leverage, current ratio and profitability on dividend payout ratio in Indonesian listed banking companies. The sample in this study was to examine the taken samples of Indonesian listed banking companies stock exchanges Stock Exchange in the period 2015 – 2017. CR has a positive effect and insignificance on DPR On banking companies listed on The.
SG has a positive effect on DPR in the listed consumer goods industry sector in Indonesia. SG has a positive effect and is insignificant on DPR for Indonesian listed banking companies.
49 2.3 Frame of Thought;
50 2.4. Research Hypothesis
The Effect Current Ratio on Dividend Payout Ratio
The Effect Return on Investment on Dividend Payout Ratio
This picture shows that the return on the investment has consequences for the dividend payment (Imas Della Fauzi1, Rukmini2, 2019). H3 = Return on Investment has a significant positive effect on the dividend payout ratio. 2.4.5The effect of sales growth on the dividend payout ratio. Revenue growth is your outreach group's ability to increase revenue over a period of time.
The profit payout ratio has an intercessory job in connection with sales growth on higher business influence. The higher the sales growth, the higher the rate of profit due to the reality that the organization has a high advantage. From this presentation, it tends to be seen that sales growth has an impact on dividend payout ratios (Novia Utami, 2020).
The Effect of Current Ratio, Debt-To-Equity Ratio, Return on Investment, and Sales Growth Simultaneously on the Dividend Payout Ratio