BAB IV ANALISIS HASIL PENELITIAN
A. Hasil Penelitian
1. Data Penelitian
Objek penelitian ini adalah perusahaan industri manufaktur yang terdaftar
di Bursa Efek Jakarta BEJ yang terdaftar sejak tahun 2002 sampai dengan tahun 2006, dan mengeluarkan laporan keungan selama lima tahun buku berturut-turut
.
. Setelah dilakukan pemilihan sampel dengan
menggunakan persamaan slovin maka
diperoleh 103 perusahaan industri manufaktur. Berikut daftar perusahaan industri manufaktur yang menjadi sampel:
Tabel 4.1 Daftar Sampel Perusahaan Industri Manufaktur
No Jenis dan Nama Perusahaan
Indeks Saham Food and Beverages
1 PT. AdeS Alfindo Putrasetia
ADES 2
PT. Aqua Golden Missisipi AQUA
3 PT. Cahaya Kalbar
CEKA 4
PT. Davomas Abadi DAVO
5 PT. Delta Djakarta
DLTA 6
PT. Indofood Sukses Makmur INDF
7 PT. Mayora
Indah MYOR
8 PT. Miwon Indonesia
MWON 9
PT. Multi Bintang Indonesia MLBI
10 PT. Prasidha Aneka Niaga
PSDN
Universitas Sumatera Utara
11 PT. Putra Sejahtera Pioneerindo
PTSP 12
PT. Sari Husada SHDA
13 PT. Sekar Laut
SKLT 14 PT.
Siantar Top
STTP 15
PT. Suba Indah SUBA
16 PT. Ultra Jaya Milk Industry and Trading Company
ULTJ
Tobacco Manufactures
17 PT. Gudang
Garam GGRM
18 PT. Hanjaya Mandala Sampoerna
HMSP
Textile Mile Products
19 PT. Argo Pantes
ARGO 20
PT. Century Textile Industry CENTEX CNTX
21 PT. Eratex Djaja Limited
ERTX 22 PT.
Panasia Indosyntec
HDTX 23
PT. Roda Vivatex Tbk. RDTX
24 PT. Sunson Textile Manufacturer
SSTM 25
PT. Teijin Indonesia Fiber Corporation TIFICO TFCO
Apparel and Other Textile Products
26 PT. APAC Centertex Corporation
MYTX 27
PT. Ever Shine Textile Industry ESTI
28 PT. Fortune Mate Indonesia
FMII 29
PT. Great River International GRIV
30 PT. Hanson Industri Utama PT. Mayertex Indonesia
MYRX 31
PT. Kasogi International PT. Ganda Wangsa Utama GDWU
32 PT. Pan Brothers Tex
PBRX 33 PT.
Sarasa Nugraha
SRSN
Universitas Sumatera Utara
34 PT. Sepatu Bata
BATA
Lumber and Wood Products
35 PT. Daya Sakti Unggul Corporation
DSUC 36
PT. Sumalindo Lestari Jaya SULI
37 PT. Surya Dumai Industri
SUDI
Paper and Allied Products
38 PT. Fajar Surya Wisesa
FASW 39
PT. Indah Kiat Pulp Paper Corporation INKP
40 PT. Pabrik Kertas Tjiwi Kimia
TKIM 41
PT. Surabaya Agung Industry Pulp SAIP
Chemical and Allied Products
42 PT. Aneka Kimia Raya
AKRA 43
PT. Budi Acid Jaya BUDI
44 PT. Eterindo
Wahanatama ETWA
45 PT. Lautan Luas
LTLS 46
PT. Sorini Corporation SOBI
47 PT. unggul Indah Cahaya
UNIC
Adhesive
48 PT. Duta Pertiwi Nusantara
DONS 49
PT. Ekadharma Tape Industries EKAD
50 PT. Intan Wijaya Chemical Industry
INCI
Plastics and Glass Products
51 PT. Asahimas Flat Glass Co. Ltd.
AMFG 52
PT. Berlina Co. Ltd. BRNA
53 PT. Dynaplast
DYNA 54 PT.
Igarjaya IGAR
Universitas Sumatera Utara
55 PT. Langgeng Makmur Plastic Industry Ltd.
LMPI 56
PT. Trias Sentosa Tbk. TRST
57 PT. Wahana Jaya Perkasa PT. Ugahari
UGAR
Cement
58 PT. Indocement Tunggal Prakarsa
INTP 59 PT.
Semen Gresik
SMGR
Metal and Allied Products
60 PT. Alaksa Industrindo
ALKA 61
PT. Citra Tubindo CTBN
62 PT. Indal Aluminium Industry
INAI 63
PT. Jaya Pari Steel JPRS
64 PT. Lionmesh Prima
LMSH 65
PT. Pelangi Indah Canindo PICO
66 PT. Tembaga Mulia Semanan
TBMS 67
PT. Tira Austenite TIRA
Fabricated Metal Products
68 PT. Itamaraya Gold Indusrti
ITMA 69
PT. Kedaung Indah Can KICI
Stone, Clay, Glass, and Concrete Products
70 PT.Intikeramik Alamasri
Industri IKAI
71 PT. Keramika Indonesia Assosiasi
KIAS 72
PT. Mulia Industrindo MLIA
Machinery
73 PT. Komatsu Indonesia
KOMI 74
PT. Texmaco Perkasa Engineering TPEN
Cable
Universitas Sumatera Utara
75 PT. GT. Kabel Indonesia Kabel Metal Indonesia
KBLI 76
PT. Jembo Cable Company JECC
77 PT. Sumi Indokabel IKI Indah Kabel Indonesia
IKBI 78
PT. Voksel Electric VOKS
Electric and Electronic Equipment
79 PT. Astra Graphia
ASGR 80
PT. Metrodata Electronics MTDL
81 PT Trafindo Perkas
TRPK
Automotive and and Allied Products
82 PT. Astra Internasional
ASII 83 PT.
Branta Mulia
BRAM 84
PT. Gadjah Tunggal GJTL
85 PT. Goodyear Indonesia
GDYR 86
PT. Hexindo Adiperkasa HEXA
87 PT. Indospring
INDS 88 PT.
Intraco Penta
INTA 89 PT.
Nipress NIPS
90 PT. Prima Alloy Steel
PRAS 91
PT. Tunas Ridean TURI
92 PT. United Tractor
UNTR
Photographic Equipment
93 PT. Modern Photo Fim Company
MDRN 94
PT. Perdana Bangun Perkasa KONI
Pharmaceuticals
95 PT. Bayer Indonesia
BYSP 96
PT. Dankos Laboratories DNKA
Universitas Sumatera Utara
97 PT. Darya-Varia Laboratori
DVLA 98
PT. Kalbe Farma KLBF
99 PT. Merck Indonesia
MERK 100 PT. Squibb Indonesia
SQBB
Consumers Goods
101 PT. Mustika Ratu MRAT
102 PT.Procter Gambler Indonesia PGIN
103 PT. Unilever Indonesia UNVR
Sumber: Jakarta Stock Exchange, 2008 Setelah mentabulasi data, peneliti membuat rata-rata setiap rasio keuangan
setiap bank dari tahun 2002 sampai tahun 2006 untuk melihat perbandingan rata- rata rasio keuangan tertinggi dan terendah setiap perusahaan manufaktur selama
lima tahun berturut-turut. Berikut ini dipaparkan rata-rata data variabel penelitian yang dianalisis dalam penelitian ini:
Tabel 4.2 Rata-rata Rasio Keuangan Tahun 2002 – 2006
ART ITO FAT DAR ADES
5.412 6.949 0.519 0.811 AQUA
4.449 64.46 3.385 0.654 CEKA
10.86 2.833 1.021 0.322 DAVO
7.537 5.556 1.327 0.739 DLTA
4.016 5.16 1.179 0.461 INDF
15.19 5.061 2.084 0.808 MYOR
3.25 5.399 0.869 0.54 MWON
9.661 3.558 2.72 1.143 MLBI
9.684 4.461 1.629 0.601 PSDN
30.86 5.736 5.091 1.641 PTSP
110.7 6.527 3.038 1.085 SHDA
7.199 4.186 3.228 0.167 SKLT
6.55 5.908 2.461 2.31 STTP
7.665 6.517 2.186 0.314 SUBA
2.571 7.858 0.6477 0.418 ULTJ
7.373 2.495 0.753 0.401
Universitas Sumatera Utara
GGRM 10.46 1.696 8.06 0.383
HMSP 59.18 1.857 4.669 0.579
ARGO 12.36 3.216 0.762 1.08
CNTX 7.042 3.59 2.727 0.322
ERTX 7.844 2.593 4.219 0.84
HDTX 5.373 3.451 0.797 0.926
RDTX 11.53 3.613 1.357 0.239
SSTM 5.841 2.193 1.116 0.651
TFCO 3.685 5.519 0.786 0.75
MYTX 9.315 4.563 0.887 0.885
ESTI 9.454 2.165 1.099 0.607
FMII 4.939 6.855 10.14 0.258
GRIV 6.645 1.438 0.88 0.821
MYRX 7.468 4.528 0.55 0.83
GDWU 3.218 1.329 1.75 2.07
PBRX 5.888 10.34 7.361 0.666
SRSN 7.591 4.437 8.938 1.167
BATA 20.24 2.056 6.802 0.395
DSUC 18.07 3.091 2.856 0.698
SULI 8.296 3.011 0.602 0.864
SUDI 9.635 3.932 0.699 0.979
FASW 2.462 3.105 0.321 0.574
INKP 2.292 3.3 0.344 0.592
TKIM 3.185 3.142 0.599 0.711
SAIP 10.97 7.507 0.456 1.232
AKRA 5.849 17.02 4.621 1.086
BUDI 4.39 5.742 1.186 0.935
ETWA 4.376 6.008 0.612 0.926
LTLS 7.157 4.871 5.019 0.484
SOBI 11.08 3.044 1.163 1.028
UNIC 7.599 2.787 1.767 0.662
DPNS 1.791 5.293 5.884 0.238
EKAD 2.806 7.314 5.529 0.198
INCI 4.085 1.596 0.628 0.651
AMFG 9.744 2.294 1.095 0.712
BRNA 7.264 4.518 3.12 0.462
DYNA 5.253 6.705 1.288 0.4
IGAR 2.991 3.053 1.462 0.684
LMPI 8.957 1.75 0.462 0.84
TRST 6.697 2.704 0.329 0.888
UGAR 1.37 13.64 0.192 0.784
INTP 9.695 2.631 0.356 0.77
SMGR 6.41 3.455 0.915 0.609
ALKA 6.159 20.02 3.5 1.595
CTBN 5.246 1.961 1.143 0.194
Universitas Sumatera Utara
INAI 10.29 3.017 3.301 0.609
JPRS 7.373 6.883 2.144 0.533
LMSH 2.68 3.802 8.425 0.854
PICO 8.28 2.985 0.641 1.457
TBMS 3.593 6.099 13.53 0.853
TIRA 15.51 6.991 7.671 0.52
ITMA 10.85 2.073 1.728 0.387
KICI 3.684 4.024 1.699 0.638
IKAI 1.248 0.996 0.262 1.082
KIAS 7.383 2.068 0.169 1.366
MLIA 10.17 3.668 1.344 1.037
KOMI 12.8 2.455 5.84 0.18
TPEN 1.857 1.171 0.106 0.964
KBLI 6.307 2.452 0.745 1.153
JECC 3.137 2.183 3.736 0.672
IKBI 6.78 8.431 2.728 0.346
VOKS 4.336 2.988 1.725 1.19
ASGR 6.826 3.754 4.777 0.831
MTDL 9.663 10.61 15.74 0.559
TRPK 11.9 3.698 1.902 0.538
ASII 6.066 6.484 2.816 0.93
BRAM 4.335 2.74 1.074 0.774
GJTL 7.256 3.355 0.564 1.025
GDYR 8.731 5.692 3.549 0.377
HEXA 3.562 1.459 6.835 0.815
INDS 4.272 1.069 1.364 0.812
INTA 2.034 1.104 4.457 0.228
NIPS 3.557 3.556 1.843 0.856
PRAS 0.922 1.598 2.096 0.925
TURI 4.784 21.02 10.35 0.664
UNTR 4.747 4.107 3.097 0.9
MDRN 13.69 4.342 6.604 0.767
KONI 14.1 1.988 1.597 0.528
BYSP 5.955 4.599 9.457 0.595
DNKS 5.252 4.035 6.674 0.709
DVLA 7.428 2.328 4.11 0.572
KLBF 4.683 2.802 3.338 0.905
MERK 5.459 2.321 12.08 0.352
SQBB 4.456 2.997 5.363 0.924
MRAT 3.991 1.767 3.526 0.168
PGIN 11.94 6.051 5.67 0.704
UNVR 15.05 6.413 7.965 1.408
Sumber: Data yang diolah oleh Peneliti, 2008
Universitas Sumatera Utara
2. Statistik Deskriptif
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