ANALISIS MANFAAT RASIO KEUANGAN DALAM MEMPREDIKSI PERUBAHAN LABA PADA PERUSAHAAN MANUFAKTUR SUB SEKTOR OTOMOTIF YANG TERDAFTAR DI BURSA EFEK INDONESI (BEI) DI INDONESIA

Sari

This study aims to determine the benefits of financial ratios in predicting changes in profit. Financial
ratios in this study were measured using liquidity ratios with the Work Capital Total Asset (WCTA)
formula, solvency ratio with the Debt to Equity Ratio (DER) formula, activity ratio with the Total
Asset Turnover (TAT) formula, and the profitability ratio with the Net Profit Margin formula (NPM).
The results of this study partially concluded that the variable Working Capital to Total Assets (WCTA)
had no significant effect on changes in earnings, the Debt to Equity Ratio (DER) variable had a
significant effect on earnings changes, the Total Asset Turnover (TAT) variable had a significant effect
on changes profit, the variable Net Profit Margin (NPM) has no significant effect on earnings
changes, while simultaneously the variables are Working Capital to Total Assets (WCTA), Debt to
Equity Ratio (DER), Total Asset Turnover (TAT), Net Profit Margin (NPM) affect the variable
changes in earnings in automotive sub-sector manufacturing companies listed on the Indonesia Stock
Exchange.
Keywords: Working Capital to Total Assets (WCTA), Debt to Equity Ratio (DER), Total Asset