Analisis Pengaruh Rasio Likuiditas, Leverage, Aktivitas dan Profitabilitas Terhadap Return Saham (Studi pada Perusahaan Makanan dan minuman dengan Kategori Industri Barang dan Konsumsi di BEI)

• 4 AISA PT. Tiga Pilar Sejahtera Food Tbk √ √ √ √

  15 SKLT PT. Sekar Laut Tbk √ √ √ √

  11 MLBI PT. Multi Bintang Indonesia Tbk √ √ √ √

  8

  12 PSDN PT. Prasidha Aneka Niaga Tbk √ √ √ √

  9

  13 PTSP PT. Pioneerindo Gourmet International Tbk

  √ √ √ √

  10

  14 ROTI PT. Nippon Indosari Corpindo Tbk √ √

  11

  10 MYOR PT. Mayora Indah Tbk √ √ √ √

  16 STTP PT. Siantar TOP Tbk √ √ √ √

  12

  17 SIPD PT. Sierad Produce Tbk √ √ √ √

  13

  18 SMAR PT. SMART Tbk √ √ √ √

  14

  19 TBLA PT. Tunas Baru Lampung Tbk √ √ √ √

  15

  20 ULTJ PT. Ultra Jaya Milk Tbk √ √ √ √

  7

  6

  16 Lampiran ii Hasil Uji Statistik Deskriptif

  2 ALTO PT. Tri Banyan Tirta Tbk √ √

  LAMPIRAN

  Lampiran i Sampel Perusahaan Kategori Barang Konsumsi Makanan dan Minuma n

  No KODE Perusahaan Emiten Kriteria Sample

  1

  2

  3

  4

  1 ADES PT. Ades Waters Indonesia Tbk √ √ √ √

  1

  3 AQUA PT. Aqua Golden Missisipi Tbk √ √ √

  9 INDF PT. Indofood Sukses Makmur Tbk √ √ √ √

  2

  5 CEKA PT. Cahaya Kalbar Tbk √ √ √ √

  3

  6 DLTA PT. Delta Djakarta Tbk √ √ √ √

  4

  7 FAST PT. Fast Food Indonesia Tbk √ √ √ √

  5

  8 ICBP PT. Indofood CBP Sukses Makmur Tbk

  √ √

  

Descriptive Statistics

N Minimum Maximum Mean Std. Deviation CR

  48 ,66 6,33 1,9302 1,15738 DER 48 ,19 8,43 1,2559 1,22638 TAT 48 ,00 2,96 1,3133 ,75915 ROA 48 ,00 ,42 ,1206 ,10265 Re 48 -,46 2,95 ,6386 ,87124 Valid N (listwise)

48 Lampiran iii

  Hasil Uji Normalitas Kolmogorov-Smirnov

  

One-Sample Kolmogorov-Smirnov Test

Unstandardized Residual CR DER TAT ROA RS

  N

  48

  48

  48

  48

  48

  48 Normal Parameters ^a,b Mean ,0000000 1,9302 1,2559 1,3133 ,1206 ,6386 Std. Deviation ,82036687 1,1573

  8 1,22638 ,75915 ,10265 ,87124

Most Extreme Differences Absolute ,121 ,276 ,217 ,119 ,206 ,139

Positive ,121 ,276 ,217 ,119 ,206 ,139

  Negative -,079 -,176 -,193 -,079 -,126 -,104

Kolmogorov-Smirnov Z ,841 1,912 1,504 ,824 1,426 ,961

Asymp. Sig. (2-tailed) ,479 ,001 ,022 ,506 ,034 ,314

a. Test distribution is Normal.

b. Calculated from data.

  Sumber : Data sekunder setelah diolah dengan SPSS, 2013

  Lampiran iv Hasil Uji Normalitas dengan Histogram

  Lampiran v Hasil Uji Normalitas dengan Plot Lampiran vi Hasil Uji Multikolinearitas

  

Coefficients

a

  Model Unstandardized Coefficients Standardized

  Coefficients t Sig.

  Collinearity Statistics B Std. Error Beta Tolerance

  VIF (Constant) -,222 ,412 -,538 ,593

CR ,158 ,120 ,210 1,320 ,194 ,818 1,223

DER ,183 ,121 ,257 1,508 ,139 ,708 1,412

TAT ,210 ,170 ,183 1,236 ,223 ,943 1,060

ROA ,422 1,369 ,050 ,308 ,759 ,792 1,262

a. Dependent Variable: RS

  Sumber : Data Sekunder setelah diolah SPSS, 2013 Lampiran vii

  Hasil Uji Durbin Watson

  Model Summary b Model R R Square Adjusted R

  Square Std. Error of the Estimate Durbin-Watson 1 ,337 ^a ,113 ,031 ,85768 1,126

  a. Predictors: (Constant), ROA, CR, TAT, DER

  b. Dependent Variable: RS

  Lampiran viii Hasil Uji Heterokedastisitas

  Lampiran ix Hasil Uji Koefisien Determinasi / Regresi (R

  2

  )

  

Model Summary

b

  Model R R Square Adjusted R Square Std. Error of the

  Estimate Durbin-Watson 1 ,337 ^a ,113 ,031 ,85768 1,126

  a. Predictors: (Constant), ROA, CR, TAT, DER

  b. Dependent Variable: RS Sumber : Data sekunder setelah diolah dengan SPSS, 2013

  Lampiran x Hasil Uji Signifikan Simultan (F-Test)

  ANOVA b Model Sum of

  Squares df Mean Square F Sig.

  1 Regression 4,044 4 1,011 1.375 ,259 ^a Residual 31,631 43 ,736 Total 35,676

  47

  a. Predictors: (Constant), ROA, CR, TAT, DER

  b. Dependent Variable: RS

  Sumber : Data sekunder setelah diolah dengan SPSS, 2013 Likuiditas (CR)

  Leverage (DER)

  Return Saham (RS)

  Aktivitas (TAT)

  Profitabilitas (ROA)

  Lampiran xi

   Hasil Uji Signifikan Parsial (T-Test) Coefficients a Model Unstandardized

  Coefficients Standardized Coefficients t Sig. B Std. Error Beta

  1 (Constant) -,222 ,412 -,538 ,593 CR ,158 ,120 ,210 1,320 ,194 DER ,183 ,121 ,257 1,508 ,139 TAT ,210 ,170 ,183 1,236 ,223 ROA ,422 1,369 ,050 ,308 ,759

a. Dependent Variable: RS

  Sumber : Data sekunder setelah diolah dengan SPSS, 2013 Lampiran xii Gambar 2.1.

  Kerangka Konseptual

  Lampiran xii

  1,68848278 1,708063559 1,034774586

  1,562678912 1,382086931 1,550050476

  10 PT. Pioneerindo Gourmet International Tbk

  1,168865424 1,243710409 1,419889178

  11 PT. Sekar Laut Tbk

  1,890174376 1,875374146 1,697415201

  12 PT. Siantar TOP Tbk

  13 PT. Sierad Produce Tbk

  0,658866408 0,944962707 0,994189791

  2,020954883 1,891122056 1,392770939

  14 PT. SMART Tbk

  1,645121927 1,518947057 1,864351066

  15 PT. Tunas Baru Lampung Tbk

  1,011841205 1,111018799 1,378348052

  16 PT. Ultra Jaya Milk Tbk

  9 PT. Prasidha Aneka Niaga Tbk

  8 PT. Multi Bintang Indonesia Tbk

  Tabel Perhitungan Rasio Likuiditas

  3 PT. Cahaya Kalbar Tbk

  Lampiran xiv

  No Perusahaan 2009 2010 2011

  1 PT. Ades Waters Indonesia Tbk

  2,483740249 1,51144347 1,708822983

  2 PT. Tiga Pilar Sejahtera Food Tbk

  1,203314205 1,285002062 1,893521423

  4,798621353 1,672347381 1,686893663

  2,290440043 2,580762209 2,218722009

  4 PT. Delta Djakarta Tbk

  4,531190601 6,330807865 6,009036974

  5 PT. Fast Food Indonesia Tbk

  1,537856136 1,708182757 1,796620854

  6 PT. Indofood Sukses Makmur Tbk

  1,163134054 2,036494203 1,909525925

  7 PT. Mayora Indah Tbk

  2,116318076 2,000683438 1,520883509

  Tabel Perhitungan Rasio Leverage

  1,039735093 1,145974241 1,042601335

  16 PT. Ultra Jaya Milk Tbk

  2,079849674 1,940666451 1,640812784

  15 PT. Tunas Baru Lampung Tbk

  1,095997565 1,114287002 1,006924496

  14 PT. SMART Tbk

  1,162605154 0,652424672 0,363827252

  13 PT. Sierad Produce Tbk

  0,356509036 0,451410499 0,90743193

  12 PT. Siantar TOP Tbk

  0,728950075 0,685265864 0,743183665

  11 PT. Sekar Laut Tbk

  3,28537447 1,643422752 0,900431752

  10 PT. Pioneerindo Gourmet International Tbk

  9 PT. Prasidha Aneka Niaga Tbk

  Lampiran xv

  8,430764265 1,412302065 1,302256595

  8 PT. Multi Bintang Indonesia Tbk

  1,000239107 1,156293279 1,721956992

  7 PT. Mayora Indah Tbk

  6 PT. Indofood Sukses Makmur Tbk 1,605993727 0,902236368 0,695209141

  0,629478673 0,541846843 0,863425523

  5 PT. Fast Food Indonesia Tbk

  0,215087501 0,194191019 0,268184095

  4 PT. Delta Djakarta Tbk

  0,885893852 1,754533401 1,032695061

  3 PT. Cahaya Kalbar Tbk

  2 PT. Tiga Pilar Sejahtera Food Tbk 1,462198907 2,339298909 0,958902062

  1 PT. Ades Waters Indonesia Tbk 1,613450798 2,24889365 1,513384124

  Tabel Perhitungan Rasio Aktivitas No Perusahaan 2009 2010 2011

  0,450520894 0,54220247 0,553842994

  Lampiran xvi

  9 PT. Prasidha Aneka Niaga Tbk

  16 PT. Ultra Jaya Milk Tbk

  0,999006941 0,808279685 0,87917193

  15 PT. Tunas Baru Lampung Tbk

  1,230578238 1,62439937 2,151639473

  14 PT. SMART Tbk

  1,802758994 1,787766824 1,5252599

  13 PT. Sierad Produce Tbk

  1,054738065 1,174562448 1,099402501

  12 PT. Siantar TOP Tbk

  0,135453406 0,152813508 0,163430028

  11 PT. Sekar Laut Tbk

  0,002352237 2,270486311 2,191946471

  10 PT. Pioneerindo Gourmet International Tbk

  0,002210439 2,239511721 2,957736412

  1,643494235 1,574349079 1,522550956

  Tabel Perhitungan Rasio Profitabilitas No Perusahaan 2009 2010 2011

  4 PT. Delta Djakarta Tbk

  1 PT. Ades Waters Indonesia Tbk

  0,754053857 0,6741224 0,947352934

  2 PT. Tiga Pilar Sejahtera Food Tbk

  2,942321026 2,746589612 0,488203662

  3 PT. Cahaya Kalbar Tbk

  2,100839284 0,844480049 1,503798631

  0,708344379 0,773114471 0,810224329

  8 PT. Multi Bintang Indonesia Tbk

  5 PT. Fast Food Indonesia Tbk

  2,356768734 2,357203159 2,142660316

  6 PT. Indofood Sukses Makmur Tbk

  0,926065424 0,812323378 0,845974407

  7 PT. Mayora Indah Tbk

  1,471485468 1,642157562 1,432437463

  0,861420314 0,937115242 0,964758226

  Lampiran xvii

  0,070090446 0,061949674 0,05662172

  16 PT. Ultra Jaya Milk Tbk

  0,090337863 0,067961891 0,099214346

  15 PT. Tunas Baru Lampung Tbk

  0,097633292 0,101036484 0,121298006

  14 PT. SMART Tbk

  0,034720432 0,030017967 0,008878044

  13 PT. Sierad Produce Tbk

  0,075972521 0,065659119 0,045653306

  12 PT. Siantar TOP Tbk

  0,021743571 0,02424493 0,027897919

  11 PT. Sekar Laut Tbk

  0,290159286 0,274571297 0,365074942

  10 PT. Pioneerindo Gourmet International Tbk

  9 PT. Prasidha Aneka Niaga Tbk

  Tabel Perhitungan Rasio Return Saham No Perusahaan 2009 2010 2011

  0,381001847 0,389637687 0,415609926

  8 PT. Multi Bintang Indonesia Tbk

  0,117820171 0,113578873 0,073257192

  7 PT. Mayora Indah Tbk

  0,114496199 0,133177511 0,127850797

  6 PT. Indofood Sukses Makmur Tbk

  0,174759977 0,161480766 0,147969757

  5 PT. Fast Food Indonesia Tbk

  4 PT. Delta Djakarta Tbk 0,183987583 0,206138383 0,217929193

  0,087043367 0,034759678 0,116966863

  3 PT. Cahaya Kalbar Tbk

  2 PT. Tiga Pilar Sejahtera Food Tbk 0,065417814 0,06525199 4,17655E-05

  0,09154341 0,097564508 0,081848327

  1 PT. Ades Waters Indonesia Tbk

  0,060873922 0,053493265 0,046496013

• 0,152941176 1,166666667 -0,36538462

  0,233333333 -0,45945946 2,875

  16 PT. Ultra Jaya Milk Tbk

  0,789473684 0,205882353 0,43902439

  15 PT. Tunas Baru Lampung Tbk

  0,5 0,960784314 0,28

  14 PT. SMART Tbk

  0,42 -0,23943662

  13 PT. Sierad Produce Tbk

  0,517241379 0,727272727 0,815789474

  12 PT. Siantar TOP Tbk

  0,517241379 0,727272727 0,815789474

  11 PT. Sekar Laut Tbk

  0,666666667 -0,06666667

  10 PT. Pioneerindo Gourmet International Tbk

  9 PT. Prasidha Aneka Niaga Tbk

  No Perusahaan 2009 2010 2011

  2,032323232 0,831778814 0,305691944

  8 PT. Multi Bintang Indonesia Tbk

  2,947368421 1,388888889 0,325581395

  7 PT. Mayora Indah Tbk

  2,817204301 0,373239437 -0,05641026

  6 PT. Indofood Sukses Makmur Tbk

  0,51666787 1,021977324 0,115856148

  5 PT. Fast Food Indonesia Tbk

  4 PT. Delta Djakarta Tbk 0,51666787 1,021977324 0,115856148

  0,984126984 -0,12 -0,13636364

  3 PT. Cahaya Kalbar Tbk

  2 PT. Tiga Pilar Sejahtera Food Tbk

  1,844444444 1,53125 -0,37654321

  1 PT. Ades Waters Indonesia Tbk

  1,160714286 -0,10743802 1,160714286