36
Table 4.1 Eight 8 Selected Companies
No. Name and Code of Company
1. Alam Sutera Realty Tbk ASRI
2. Bekasi Asri Pemula Tbk BAPA
3. Bumi Citra Permai Tbk BCIP
4. Sentul City Tbk BKSL
5. Ciputra Development Tbk CTRA
6. Bakrieland Development Tbk ELTY
7. Lippo Karawaci Tbk LPKR
8. Agung Podomoro Land Tbk APLN
Source: Indonesia Stock Exchange
2. Overview of business development 8 selected companies
Nine 9 companies selected comprise establishments Property and Real Estate sectors. The reason that choosing companies in the sector because of what Im
doing and I undertook the work on the field. Therefore, have a great responsibility for the disclosure of sustainability reports.
B. ANALYSIS AND DISCUSSION
1. Descriptive Analysis
The independent variable in this research is profitability ratio. From the indicators in the sustainability report, there are 3 internal indicators and 1 external
indicator is used in this research result.
37
Table 4.2 Descriptive Statistics
Source: Data Process 2015
a. Independent Variable
Table 4.3 Profitability Ratio 2010-2013 in percentage
No. Name and Code of Company
2010 2011
2012 2013
1. Alam Sutera Realty Tbk ASRI
16.26 33.68 61.19 44.62 2.
Bekasi Asri Pemula Tbk BAPA 19.61
3.08 6.78
7.59 3.
Bumi Citra Permai Tbk BCIP 15.5
1.93 6.7
22.91 4.
Sentul City Tbk BKSL 2.61
4.58 7.04
20.07 5.
Ciputra Development Tbk CTRA 20.58 25.21
20.6 11.65
6. Bakrieland Development Tbk ELTY
7.76 7.23
18.16 26.85 7.
Lippo Karawaci Tbk LPKR 30.3
31.56 46.48 53.94 8.
Agung Podomoro Land Tbk APLN 19.45 28.34
39.6 41.53
Source: Data Process, 2015
Based on the statistic calculation which is included in table above, the results can be explained as follows:
For the variable profitability ratio, the value of the average profitability of all companies surveyed is 22.64. Furthermore, the
highest value of the entire period is at the point of 61.18 and the
N
Minimum Maximum
Mean Std.
Deviation Skewness
Kurtosis Statistic Statistic Statistic Statistic
Statistic Statistic
Std. Error
Statist ic
Std. Error
CR 32
.50 4.89
2.0313 1.08056
.914 .414
.802 .809
AR 32
.20 3.18
1.3944 .68277
.631 .414
.344 .809
DR 32
.10 .76
.4328 .17554
.493 .414
.289 .809
PR 32
1.93 61.19 22.6416
16.83661 .627
.414 .576
.809 INFLATION
32 .03
.09 .0489
.01057 1.348
.414 3.557
.809 Valid N
listwise 32
38 lowest value of all periods contained in point 1.93. Standard
deviation indicates the fluctuation of data where the data are fluctuations in the value of 16.83. With an average value greater
than the standard deviation, it indicates that there is no movement of the extreme value of the average profitability ratio in the whole
object of research.
b. Dependent Variable
1 Current Ratio
Table 4.4 Current Ratio 2010-2013 in decimal
No. Name and Code of Company
2010 2011
2012 2013
1. Alam Sutera Realty Tbk ASRI
0.97 0.97
1.23 0.73
2. Bekasi Asri Pemula Tbk BAPA
2.21 3.02
2.54 2.69
3. Bumi Citra Permai Tbk BCIP
2.33 2.63
0.76 0.61
4. Sentul City Tbk BKSL
2.81 3.16
3.18 4.57
5. Ciputra Development Tbk CTRA
4.89 2.36
1.55 1.35
6. Bakrieland Development Tbk ELTY
2.38 1.34
0.85 0.54
7. Lippo Karawaci Tbk LPKR
2.02 2.06
1.4 1.4
8. Agung Podomoro Land Tbk APLN
3 1.82
1.56 1.67
Source: Data Process, 2015
Based on the statistic calculation which is included in table above, the results can be explained as follows:
For variable current ratio, the value of the average current ratio of all companies surveyed is 2.03. Furthermore, the highest score of
all periods contained in point 4.89 and the lowest value of the entire period are at the point 0.50. Standard deviation indicates the
39 fluctuation of data where the data are fluctuations in the value of
1.080. With an average value greater than the standard deviation, it indicates that there is no movement of the extreme value of the
average current ratio on the whole object of research.
2 Activity Ratio
Table 4.5 Activity Ratio 2010-2013 in decimal
No. Name and Code of Company
2010 2011
2012 2013
1. Alam Sutera Realty Tbk ASRI
1.73 1.86
3.18 1.21
2. Bekasi Asri Pemula Tbk BAPA
1.54 1.87
2.01 2.32
3. Bumi Citra Permai Tbk BCIP
2.31 2.53
2.82 4.91
4. Sentul City Tbk BKSL
1.87 2.01
2.39 2.43
5. Ciputra Development Tbk CTRA
0.64 0.72
2.17 2.38
6. Bakrieland Development Tbk ELTY
0.3 0.4
0.7 1.3
7. Lippo Karawaci Tbk LPKR
1.26 1.21
0.69 0.69
8. Agung Podomoro Land Tbk APLN
0.87 1.03
3.1 1.21
Source : Data Process, 2015
Based on the statistic calculation which is included in table above, the results can be explained as follows:
For variable activity ratio, the average value of the entire company activity ratio studied is 3.18. Furthermore, the highest score of all
periods contained in the 3.18 point and the lowest value of all periods contained in point 0.20. Standard deviation indicates the fluctuation of
data where the data are fluctuations in the value of 0.68277. With an average value greater than the standard deviation, it indicates that
40 there is no movement of the extreme value of the average activity
ratio in the whole object of research.
3 Debt Ratio
Table 4.6 Debt Ratio 2010-2013 in decimal
No. Name and Code of Company
2010 2011
2012 2013
1. Alam Sutera Realty Tbk ASRI
0.51 1.86
3.18 1.21
2. Bekasi Asri Pemula Tbk BAPA
0.45 0.45
0.45 0.47
3. Bumi Citra Permai Tbk BCIP
0.19 0.22
0.43 0.47
4. Sentul City Tbk BKSL
0.14 0.13
0.21 0.35
5. Ciputra Development Tbk CTRA
0.22 0.33
0.43 0.51
6. Bakrieland Development Tbk ELTY
0.38 0.38
0.39 0.41
7. Lippo Karawaci Tbk LPKR
0.49 0.48
0.53 0.54
8. Agung Podomoro Land Tbk APLN
0.45 0.53
0.58 0.63
Source : Data Process, 2015
Based on the statistic calculation which is included in table above, the results can be explained as follows:
For variable debt ratio, the value of the average debt ratio of all companies surveyed is 0.4328. Furthermore, the highest score of all
periods contained in point 0.76 and the lowest value of all periods contained in point 0.10. Standard deviation indicates the fluctuation
of data where the data are fluctuations in the value of 0.17554. With an average value greater than the standard deviation, it
indicates that there is no movement of the extreme value of the average debt ratio in the whole object of research.
41 4
Inflation
Table 4.7 Inflation 2010-2013 in decimal
No. Month
2010 2011
2012 2013
1. January - February
0.086 0.043
0.040 0.046
2. March - April
0.059 0.046
0.036 0.055
3. May
– June 0.063
0.043 0.035
0.050 4.
July - August 0.056
0.046 0.038
0.048 5.
September 0.054
0.046 0.042
0.063 6.
October 0.053
0.045 0.041
0.057 7.
November 0.055
0.045 0.40
0.058 8.
December 0.043
0.045 0.032
0.056
Source : Data Process, 2015
Based on the statistic calculation which is included in table above, the results can be explained as follows:
For variable inflation, the average value of inflation of all companies surveyed is 0.489. Furthermore, the highest score of all
periods contained in the 0.09 point and the lowest value of the entire period are at the point 0:03. Standard deviation indicates the
fluctuation of data where the data are fluctuations in the value of 0.1057. With an average value greater than the standard deviation,
it indicates that there is no extreme movement of the average value of inflation on the whole object of research.
42
2. Data Processing
