Faktor-Faktor Yang Mempengaruhi Profitabilitas Dengan Pertumbuhan Laba Sebagai Variabel Moderating Pada Perusahaan Manufaktur
Lampiran 1:
PROSES PENENTUAN SAMPEL
NO
KODE
KRITERIA
EMITEN
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ADES
PT Akasha Wira International Tbk
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ADMG
PT Polychem Indonesia Tbk
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AISA
PT Tiga Pilar Sejahtera Food Tbk
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AKKU
PT Alam Karya Unggul Tbk
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AKPI
PT Argha Karya Prima Industry Tbk
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ALDO
PT Alkindo Naratama Tbk
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ALMI
PT Alumindo Light Metal Industry Tbk
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ALTO
PT Tri Banyan Tirta Tbk
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AMFG
PT Asahimas Flat Glass Tbk
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APLI
PT Asiaplast Industries Tbk
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ARGO
PT Argo Pantes Tbk
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ARNA
PT Arwana Citramulia Tbk
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ASII
PT Astra International Tbk
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AUTO
PT Astra Otoparts Tbk
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BAJA
PT Saranacentral Bajatama Tbk
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BATA
PT Sepatu Bata Tbk
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BIMA
PT Primarindo Asia Infrastructure Tbk
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BRAM
PT Indo Kordsa Tbk
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BRNA
PT Berlina Tbk
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BRPT
PT Barito Pacific Tbk
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BTON
PT Betonjaya Manunggal Tbk
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BUDI
PT Budi Acid Jaya Tbk
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CEKA
PT Cahaya Kalbar Tbk
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CNTX
PT Century Textile Industry (CENTEX) Tbk
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CPIN
PT Charoen Pokphand Indonesia Tbk
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CTBN
PT Citra Tubindo Tbk
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DAVO
PT Davomas Abadi Tbk
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DLTA
PT Delta Djakarta Tbk
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KODE
KRITERIA
EMITEN
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PT Duta Pertiwi Nusantara Tbk
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DVLA
PT Darya-Varia Laboratoria Tbk
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EKAD
PT Ekadharma International Tbk
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ERTX
PT Eratex Djaja Tbk
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ESTI
PT Ever Shine Textile Industry Tbk
ETWA
PT Eterindo Wahanatama Tbk
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FASW
PT Fajar Surya Wisesa Tbk
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FPNI
PT Titan Kimia Nusantara Tbk
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GDST
PT Gunawan Dianjaya Steel Tbk
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GDYR
PT Goodyear Indonesia Tbk
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GGRM PT Gudang Garam Tbk
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GJTL
PT Gajah Tunggal Tbk
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HDTX
PT Panasia Indosyntec Tbk
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HMSP
PT HM Sampoerna Tbk
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ICBP
PT Indofood CBP Sukses Makmur Tbk
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IGAR
PT Champion Pasific Indonesia Tbk
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IKAI
PT Intikeramik Alamasri Industry Tbk
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IKBI
PT Sumi Indo Kabel Tbk
IMAS
PT Indomobil Sukses Internasional Tbk
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INAF
PT Indofarma (Persero) Tbk
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INAI
PT Indal Aluminium Industry Tbk
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INCI
PT Intanwijaya Internasional Tbk
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INDF
PT Indofood Sukses Makmur Tbk
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INDR
PT Indorama Syntetics Tbk
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INDS
PT Indospring Tbk
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INKP
PT Indah Kiat Pulp & Paper Tbk
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INRU
PT Toba Pulp Lestari Tbk
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INTP
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IPOL
PT Indocement Tunggal Prakasa Tbk
PT Indopoly Swakarsa Utama Industry
Tbk
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ITMA
PT Sumber Energi Andalan Tbk
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KODE
KRITERIA
EMITEN
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JECC
PT Jembo Cable Company Tbk
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JKSW
PT Jakarta Kyoei Steel Works Tbk
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JPFA
PT JAPFA Comfeed Indonesia Tbk
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JPRS
PT Jaya Pari Steel Tbk
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KAEF
PT Kimia Farma (Persero) Tbk
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KARW PT Karwell Indonesia Tbk
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KBLI
PT KMI Wire and Cable Tbk
66
KBLM
67
KBRI
PT Kabelindo Murni Tbk
PT Kertas Basuki Rachmat Indonesia
Tbk
68
KDSI
PT Kedawung Setia Industrial Tbk
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KIAS
PT Keramika Indonesia Assosiasi Tbk
70
KICI
PT Kedaung Indah Can Tbk
71
KLBF
PT Kalbe Farma Tbk
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KRAS
PT Krakatau Steel (Persero) Tbk
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LION
PT Lion Metal Works Tbk
74
LMPI
PT Langgeng Makmur Industry Tbk
75
LMSH
PT Lionmesh Prima Tbk
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LPIN
PT Multi Prima Sejahtera Tbk
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MAIN
PT Malindo Feedmill Tbk
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MASA
PT Multistrada Arah Sarana Tbk
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MBTO
PT Martina Berto Tbk
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MERK
PT Merck Tbk
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MLBI
PT Multi Bintang Indonesia Tbk
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MLIA
PT Mulia Industrindo Tbk
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MRAT
PT Mustika Ratu Tbk
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MYOR
PT Mayora Indah Tbk
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MYRX
PT Hanson International Tbk
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MYTX
PT Apac Citra Centertex Tbk
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NIKL
PT Pelat Timah Nusantara Tbk
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NIPS
PT Nipress Tbk
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NO
KODE
KRITERIA
EMITEN
89
PAFI
PT Panasia Filament Inti Tbk
90
PBRX
PT Pan Brothers Tex Tbk
91
PICO
PT Pelangi Indah Canindo Tbk
92
POLY
PT Asia Pacific Fibers Tbk
93
PRAS
PT Prima Alloy Steel Tbk
94
PSDN
PT Prasidha Aneka Niaga Tbk
95
PTSN
PT Sat Nusapersada Tbk
96
PYFA
PT Pyridam Farma Tbk
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RDTX
PT Roda Vivatex Tbk
98
RICY
PT Ricky Putra Globalindo Tbk
99
RMBA PT Bentoel International Investama Tbk
100
ROTI
101
SAIP
102
SCCO
PT Nippon Indosari Corpindo Tbk
PT Surabaya Agung Industry Pulp &
Kertas Tbk
PT Supreme Cable Manufacturing &
Commerce Tbk
103
SCPI
PT Schering-Plough Indonesia Tbk
104
SIAP
PT Sekawan Inti Pratama Tbk
105
SIMA
PT Siwani Makmur Tbk
106
SIPD
PT Sierad Produce Tbk
107
SKLT
PT Sekar Laut Tbk
108
SMCB
PT Holcim Indonesia Tbk
109
SMGR
PT Semen Gresik (Persero) Tbk
110
SMSM
PT Selamat Sempurna Tbk
111
SOBI
PT Sorini Agro Asia Corporindo Tbk
112
SPMA
113
SQBI
PT Suparma Tbk
PT Taisho Pharmaceutical Indonesia
Tbk
114
SRSN
PT Indo Acidatama Tbk
115
SSTM
116
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PT Sunson Textile Manufacture Tbk
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STAR
PT Star Petrochem Tbk
117
STTP
PT Siantar Top Tbk
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118
SULI
PT Sumalindo Lestari Jaya Tbk
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-
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26
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27
NO
KODE
KRITERIA
EMITEN
119
TBMS
PT Tembaga Mulia Semanan Tbk
120
TCID
PT Mandom Indonesia Tbk
121
TFCO
PT Prasidha Aneka Niaga Tbk
122
TIRT
PT Tirta Mahakam Resources Tbk
123
TKIM
PT Pabrik Kertas Tjiwi Kimia Tbk
124
TOTO
PT Surya Toto Indonesia Tbk
125
TPIA
PT Chandra Asri Petrochemical Tbk
126
TRIS
PT Trisula International Tbk
127
TRST
PT Trias Sentosa Tbk
128
TSPC
PT Tempo Scan Pacific Tbk
129
ULTJ
PT Ultra Jaya Milk Tbk
130
UNIC
PT Unggul Indah Cahaya Tbk
131
UNIT
PT Nusantara Inti Corpora Tbk
132
UNTX
PT Unitex Tbk
133
UNVR
PT Unilever Indonesia Tbk
134
VOKS
PT Voksel Electric Tbk
135
WIIM
PT Wismilak Inti Makmur Tbk
136
YPAS
PT Yanaprima Hastapersada Tbk
SAMPEL
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30
31
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Lampiran 2:
Daftar Sampel Perusahaan Manufaktur Tahun 2010 – 2012
NO
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
29
30
31
32
KODE
AMFG
ARNA
ASII
BRNA
CPIN
DVLA
HMSP
ICBP
INDS
INKP
INTP
KAEF
KBLI
KBLM
KDSI
KLBF
LION
LMSH
MAIN
MRAT
NIPS
PYFA
RICY
ROTI
SCCO
SMSM
STTP
TCID
TOTO
TSPC
ULTJ
UNVR
EMITEN
PT Asahimas Flat Glass Tbk
PT Arwana Citramulia Tbk
PT Astra International Tbk
PT Berlina Tbk
PT Charoen Pokphand Indonesia Tbk
PT Darya-Varia Laboratoria Tbk
PT HM Sampoerna Tbk
PT Indofood CBP Sukses Makmur Tbk
PT Indospring Tbk
PT Indah Kiat Pulp & Paper Tbk
PT Indocement Tunggal Prakasa Tbk
PT Kimia Farma (Persero) Tbk
PT KMI Wire and Cable Tbk
PT Kabelindo Murni Tbk
PT Kedawung Setia Industrial Tbk
PT Kalbe Farma Tbk
PT Lion Metal Works Tbk
PT Lionmesh Prima Tbk
PT Malindo Feedmill Tbk
PT Mustika Ratu Tbk
PT Nipress Tbk
PT Pyridam Farma Tbk
PT Ricky Putra Globalindo Tbk
PT Nippon Indosari Corpindo Tbk
PT Supreme Cable Manufacturing & Commerce Tbk
PT Selamat Sempurna Tbk
PT Siantar Top Tbk
PT Mandom Indonesia Tbk
PT Surya Toto Indonesia Tbk
PT Tempo Scan Pacific Tbk
PT Ultra Jaya Milk Tbk
PT Unilever Indonesia Tbk
Lampiran 3:
Daftar Utang Jangka Pendek terhadap Total Asset (STD)
Tahun 2010 – 2012
NO
KODE
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
AMFG
ARNA
ASII
BRNA
CPIN
DVLA
HMSP
ICBP
INDS
INKP
INTP
KAEF
KBLI
KBLM
KDSI
KLBF
LION
LMSH
MAIN
MRAT
NIPS
PYFA
RICY
ROTI
25
26
27
28
29
30
31
32
SCCO
SMSM
STTP
TCID
TOTO
TSPC
ULTJ
UNVR
EMITEN
PT Asahimas Flat Glass Tbk
PT Arwana Citramulia Tbk
PT Astra International Tbk
PT Berlina Tbk
PT Charoen Pokphand Indonesia Tbk
PT Darya-Varia Laboratoria Tbk
PT HM Sampoerna Tbk
PT Indofood CBP Sukses Makmur Tbk
PT Indospring Tbk
PT Indah Kiat Pulp & Paper Tbk
PT Indocement Tunggal Prakasa Tbk
PT Kimia Farma (Persero) Tbk
PT KMI Wire and Cable Tbk
PT Kabelindo Murni Tbk
PT Kedawung Setia Industrial Tbk
PT Kalbe Farma Tbk
PT Lion Metal Works Tbk
PT Lionmesh Prima Tbk
PT Malindo Feedmill Tbk
PT Mustika Ratu Tbk
PT Nipress Tbk
PT Pyridam Farma Tbk
PT Ricky Putra Globalindo Tbk
PT Nippon Indosari Corpindo Tbk
PT Supreme Cable Manufacturing &
Commerce Tbk
PT Selamat Sempurna Tbk
PT Siantar Top Tbk
PT Mandom Indonesia Tbk
PT Surya Toto Indonesia Tbk
PT Tempo Scan Pacific Tbk
PT Ultra Jaya Milk Tbk
PT Unilever Indonesia Tbk
2010
0,1373
0,3518
0,3253
0,4012
0,2124
0,2040
0,4764
0,2022
0,5364
0,1826
0,0878
0,2835
0,2096
0,4032
0,5020
0,1630
0,1021
0,2974
0,3690
0,1019
0,5199
0,1555
0,4001
0,1630
STD
2011
0,1238
0,3091
0,3186
0,4584
0,1535
0,1543
0,4329
0,1963
0,2898
0,2197
0,0813
0,2562
0,2841
0,6000
0,4787
0,1971
0,1274
0,3251
0,3879
0,1274
0,5519
0,2064
0,4085
0,1952
2012
0,1370
0,2961
0,2972
0,4442
0,1755
0,1784
0,4533
0,2016
0,2233
0,1503
0,1063
0,2587
0,2106
0,6107
0,4070
0,2009
0,0975
0,1948
0,4738
0,1288
0,5315
0,2092
0,3167
0,1622
0,6214
0,2850
0,2625
0,0546
0,3237
0,2237
0,2380
0,5060
0,6345
0,2558
0,3530
0,0506
0,3319
0,2462
0,2806
0,6203
0,5507
0,3209
0,4571
0,0789
0,2947
0,2368
0,2449
0,6307
Lampiran 4:
Daftar Utang Jangka Panjang terhadap Total Asset (LTD)
Tahun 2010 – 2012
NO
KODE
EMITEN
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
AMFG
ARNA
ASII
BRNA
CPIN
DVLA
HMSP
ICBP
INDS
INKP
INTP
KAEF
KBLI
KBLM
KDSI
KLBF
LION
LMSH
MAIN
MRAT
NIPS
PYFA
RICY
ROTI
PT Asahimas Flat Glass Tbk
PT Arwana Citramulia Tbk
PT Astra International Tbk
PT Berlina Tbk
PT Charoen Pokphand Indonesia Tbk
PT Darya-Varia Laboratoria Tbk
PT HM Sampoerna Tbk
PT Indofood CBP Sukses Makmur Tbk
PT Indospring Tbk
PT Indah Kiat Pulp & Paper Tbk
PT Indocement Tunggal Prakasa Tbk
PT Kimia Farma (Persero) Tbk
PT KMI Wire and Cable Tbk
PT Kabelindo Murni Tbk
PT Kedawung Setia Industrial Tbk
PT Kalbe Farma Tbk
PT Lion Metal Works Tbk
PT Lionmesh Prima Tbk
PT Malindo Feedmill Tbk
PT Mustika Ratu Tbk
PT Nipress Tbk
PT Pyridam Farma Tbk
PT Ricky Putra Globalindo Tbk
PT Nippon Indosari Corpindo Tbk
25
26
27
28
29
30
31
32
SCCO
SMSM
STTP
TCID
TOTO
TSPC
ULTJ
UNVR
PT Supreme Cable Manufacturing &
Commerce Tbk
PT Selamat Sempurna Tbk
PT Siantar Top Tbk
PT Mandom Indonesia Tbk
PT Surya Toto Indonesia Tbk
PT Tempo Scan Pacific Tbk
PT Ultra Jaya Milk Tbk
PT Unilever Indonesia Tbk
2010
0,0859
0,1729
0,1560
0,1923
0,1000
0,0408
0,0259
0,0971
0,1696
0,4787
0,0585
0,0443
0,1059
0,0323
0,0398
0,0162
0,0423
0,1043
0,3662
0,0245
0,0413
0,0767
0,0488
0,0355
LTD
2011
0,0789
0,1098
0,1899
0,1463
0,1470
0,0570
0,0341
0,1001
0,1555
0,4602
0,0518
0,0457
0,0515
0,0200
0,0461
0,0155
0,0469
0,0913
0,2944
0,0242
0,0765
0,0955
0,0461
0,0849
2012
0,0744
0,0585
0,2100
0,1640
0,1623
0,0385
0,0397
0,1232
0,0940
0,5379
0,0403
0,0470
0,0619
0,0231
0,0391
0,0164
0,0448
0,0466
0,1474
0,0240
0,0597
0,1452
0,2478
0,2846
0,0084
0,1631
0,0485
0,0397
0,0983
0,0395
0,1136
0,0287
0,0088
0,1546
0,1228
0,0471
0,1003
0,0372
0,0776
0,0286
0,0094
0,1099
0,0791
0,0517
0,1154
0,0394
0,0626
0,0402
Lampiran 5:
Daftar Total Utang terhadap Total Asset (TD)
Tahun 2010 – 2012
NO
KODE
EMITEN
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
AMFG
ARNA
ASII
BRNA
CPIN
DVLA
HMSP
ICBP
INDS
INKP
INTP
KAEF
KBLI
KBLM
KDSI
KLBF
LION
LMSH
MAIN
MRAT
NIPS
PYFA
RICY
ROTI
PT Asahimas Flat Glass Tbk
PT Arwana Citramulia Tbk
PT Astra International Tbk
PT Berlina Tbk
PT Charoen Pokphand Indonesia Tbk
PT Darya-Varia Laboratoria Tbk
PT HM Sampoerna Tbk
PT Indofood CBP Sukses Makmur Tbk
PT Indospring Tbk
PT Indah Kiat Pulp & Paper Tbk
PT Indocement Tunggal Prakasa Tbk
PT Kimia Farma (Persero) Tbk
PT KMI Wire and Cable Tbk
PT Kabelindo Murni Tbk
PT Kedawung Setia Industrial Tbk
PT Kalbe Farma Tbk
PT Lion Metal Works Tbk
PT Lionmesh Prima Tbk
PT Malindo Feedmill Tbk
PT Mustika Ratu Tbk
PT Nipress Tbk
PT Pyridam Farma Tbk
PT Ricky Putra Globalindo Tbk
PT Nippon Indosari Corpindo Tbk
25
26
27
28
29
30
31
32
SCCO
SMSM
STTP
TCID
TOTO
TSPC
ULTJ
UNVR
PT Supreme Cable Manufacturing &
Commerce Tbk
PT Selamat Sempurna Tbk
PT Siantar Top Tbk
PT Mandom Indonesia Tbk
PT Surya Toto Indonesia Tbk
PT Tempo Scan Pacific Tbk
PT Ultra Jaya Milk Tbk
PT Unilever Indonesia Tbk
2010
0,2233
0,5246
0,4813
0,5935
0,3124
0,2448
0,5023
0,2993
0,7060
0,6613
0,1463
0,3278
0,3156
0,4355
0,5418
0,1793
0,1444
0,4017
0,7352
0,1264
0,5611
0,2322
0,4489
0,1985
TD
2011
0,2027
0,4189
0,5086
0,6048
0,3005
0,2113
0,4670
0,2965
0,4453
0,6798
0,1332
0,3019
0,3356
0,6199
0,5249
0,2125
0,1743
0,4164
0,6823
0,1516
0,6284
0,3019
0,4545
0,2802
2012
0,2113
0,3547
0,5073
0,6082
0,3379
0,2169
0,4930
0,3248
0,3173
0,6882
0,1466
0,3057
0,2725
0,6338
0,4462
0,2173
0,1423
0,2413
0,6212
0,1528
0,5911
0,3544
0,5644
0,4468
0,6298
0,4481
0,3110
0,0943
0,4220
0,2632
0,3515
0,5347
0,6433
0,4104
0,4757
0,0977
0,4322
0,2834
0,3581
0,6488
0,5601
0,4308
0,5362
0,1306
0,4101
0,2762
0,3075
0,6709
Lampiran 6:
Daftar Pertumbuhan Laba (PL) Tahun 2010 – 2012
NO
KODE
EMITEN
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
AMFG
ARNA
ASII
BRNA
CPIN
DVLA
HMSP
ICBP
INDS
INKP
INTP
KAEF
KBLI
KBLM
KDSI
KLBF
LION
LMSH
MAIN
MRAT
NIPS
PYFA
RICY
ROTI
PT Asahimas Flat Glass Tbk
PT Arwana Citramulia Tbk
PT Astra International Tbk
PT Berlina Tbk
PT Charoen Pokphand Indonesia Tbk
PT Darya-Varia Laboratoria Tbk
PT HM Sampoerna Tbk
PT Indofood CBP Sukses Makmur Tbk
PT Indospring Tbk
PT Indah Kiat Pulp & Paper Tbk
PT Indocement Tunggal Prakasa Tbk
PT Kimia Farma (Persero) Tbk
PT KMI Wire and Cable Tbk
PT Kabelindo Murni Tbk
PT Kedawung Setia Industrial Tbk
PT Kalbe Farma Tbk
PT Lion Metal Works Tbk
PT Lionmesh Prima Tbk
PT Malindo Feedmill Tbk
PT Mustika Ratu Tbk
PT Nipress Tbk
PT Pyridam Farma Tbk
PT Ricky Putra Globalindo Tbk
PT Nippon Indosari Corpindo Tbk
PERT. LABA
2010
2011
2012
3,9184
0,0182
0,0285
0,2540
0,1977
0,6538
0,7186
0,2372
0,0521
0,8172
0,2892
0,2777
0,3765
0,0643
0,1348
0,5342
0,0905
0,2315
0,2655
0,2505
0,2179
0,7036
0,1237
0,1058
0,1918
0,7192
0,1134
0,0024
0,2428
2,3004
0,1664
0,1169
0,3226
1,2192
0,2382
0,1980
1,3374
0,3172
0,9642
1,2926
3,8901
0,2542
0,6071
0,3988
0,5590
0,4490
0,1438
0,1509
0,1493
0,3599
0,6251
2,0616
0,4824
2,7885
1,3689
0,1389
0,4755
0,2039
0,0192
0,3349
2,4364
0,4081
0,2087
0,1129
0,2317
0,0263
2,0286
0,1287
0,3905
0,7469
0,1619
0,2865
25
26
27
28
29
30
31
32
SCCO
SMSM
STTP
TCID
TOTO
TSPC
ULTJ
UNVR
PT Supreme Cable Manufacturing &
Commerce Tbk
PT Selamat Sempurna Tbk
PT Siantar Top Tbk
PT Mandom Indonesia Tbk
PT Surya Toto Indonesia Tbk
PT Tempo Scan Pacific Tbk
PT Ultra Jaya Milk Tbk
PT Unilever Indonesia Tbk
2,2904
0,2409
0,0380
0,0548
0,0633
0,3582
0,7517
0,1119
0,8074
0,3301
0,0010
0,0673
0,1251
0,1972
0,1991
0,2304
0,5456
0,2248
0,7488
0,0749
0,0822
0,0995
1,7515
0,1621
Lampiran 7 :
Daftar Return on Equity (ROE) Tahun 2010 – 2012
NO
KODE
EMITEN
ROE
2010
2011
2012
1
AMFG
PT Asahimas Flat Glass Tbk
0,1796
0,1571
0,1411
2
ARNA
PT Arwana Citramulia Tbk
0,1930
0,1986
0,2624
3
ASII
PT Astra International Tbk
0,2940
0,2815
0,2501
4
BRNA
PT Berlina Tbk
0,1644
0,1865
0,2009
5
CPIN
PT Charoen Pokphand Indonesia Tbk
0,4953
0,3817
0,3279
6
DVLA
PT Darya-Varia Laboratoria Tbk
0,1731
0,1661
0,1769
7
HMSP
PT HM Sampoerna Tbk
0,6302
0,7815
0,7368
8
ICBP
PT Indofood CBP Sukses Makmur Tbk
0,1962
0,1927
0,1908
9
INDS
PT Indospring Tbk
0,3094
0,1905
0,1180
10
INKP
PT Indah Kiat Pulp & Paper Tbk
0,0065
0,0079
0,0240
11
INTP
PT Indocement Tunggal Prakasa Tbk
0,2461
0,2289
0,2453
12
KAEF
PT Kimia Farma (Persero) Tbk
0,1245
0,1371
0,1427
13
KBLI
PT KMI Wire and Cable Tbk
0,0738
0,0885
0,1482
14
KBLM
PT Kabelindo Murni Tbk
0,0171
0,0778
0,0900
15
KDSI
PT Kedawung Setia Industrial Tbk
0,0661
0,0846
0,1166
16
KLBF
PT Kalbe Farma Tbk
0,2332
0,2363
0,2404
17
LION
PT Lion Metal Works Tbk
0,1486
0,1739
0,2296
18
LMSH
PT Lionmesh Prima Tbk
0,1571
0,1905
0,4233
19
MAIN
PT Malindo Feedmill Tbk
0,7034
0,4859
0,4435
20
MRAT
PT Mustika Ratu Tbk
0,0750
0,0720
0,0892
21
NIPS
PT Nipress Tbk
0,0855
0,1074
0,1003
22
PYFA
PT Pyridam Farma Tbk
0,0544
0,0628
0,0605
23
24
RICY
ROTI
PT Ricky Putra Globalindo Tbk
PT Nippon Indosari Corpindo Tbk
0,0320
0,2191
0,0349
0,2122
0,0463
0,2237
25
SCCO
PT Supreme Cable Manufacturing &
Commerce Tbk
0,1418
0,2115
0,2595
26
SMSM
PT Selamat Sempurna Tbk
0,2451
0,3086
0,3274
27
STTP
PT Siantar Top Tbk
0,0953
0,0871
0,1287
28
TCID
PT Mandom Indonesia Tbk
0,1386
0,1375
0,1375
29
TOTO
PT Surya Toto Indonesia Tbk
0,3081
0,2876
0,2635
30
TSPC
PT Tempo Scan Pacific Tbk
0,1849
0,1922
0,1919
31
ULTJ
PT Ultra Jaya Milk Tbk
0,0823
0,1075
0,2108
32
UNVR
PT Unilever Indonesia Tbk
0,8360
1,1313
1,2194
Lampiran 8:
Daftar Ukuran Perusahaan (FS) Tahun 2010 – 2012
NO
KODE
EMITEN
Ln (Total Aset)
2010
2011
2012
1
AMFG
PT Asahimas Flat Glass Tbk
14,6795
14,8053
14,9519
2
ARNA
PT Arwana Citramulia Tbk
13,6799
13,6310
13,7508
3
ASII
PT Astra International Tbk
11,6383
11,9468
12,1133
4
BRNA
PT Berlina Tbk
13,2193
13,3754
13,5546
5
CPIN
PT Charoen Pokphand Indonesia Tbk
15,6901
15,9957
16,3291
6
DVLA
PT Darya-Varia Laboratoria Tbk
13,6509
13,7353
13,8875
7
HMSP
PT HM Sampoerna Tbk
16,8372
16,7772
17,0831
8
ICBP
PT Indofood CBP Sukses Makmur Tbk
16,4079
16,5383
16,6921
9
INDS
PT Indospring Tbk
13,5539
13,9463
14,3252
10
INKP
PT Indah Kiat Pulp & Paper Tbk
17,7909
17,8638
17,9788
11
INTP
PT Indocement Tunggal Prakasa Tbk
16,5464
16,7143
16,9403
12
KAEF
PT Kimia Farma (Persero) Tbk
14,3207
14,4001
14,5461
13
KBLI
PT KMI Wire and Cable Tbk
13,7734
13,8957
13,9654
14
KBLM
PT Kabelindo Murni Tbk
12,9072
13,3738
13,4911
15
KDSI
PT Kedawung Setia Industrial Tbk
13,2316
13,2837
13,2544
16
KLBF
PT Kalbe Farma Tbk
15,7661
15,9287
16,0581
17
LION
PT Lion Metal Works Tbk
12,6245
12,8099
12,9796
18
LMSH
PT Lionmesh Prima Tbk
11,2670
11,4929
11,7641
19
MAIN
PT Malindo Feedmill Tbk
13,7812
14,0990
14,4032
20
MRAT
PT Mustika Ratu Tbk
12,8645
12,9539
13,0291
21
NIPS
PT Nipress Tbk
12,7296
13,0096
13,1724
22
PYFA
PT Pyridam Farma Tbk
11,5188
11,6787
11,8193
23
RICY
PT Ricky Putra Globalindo Tbk
13,3266
13,3725
13,6441
24
ROTI
PT Nippon Indosari Corpindo Tbk
13,2503
13,5399
14,0019
25
SCCO
PT Supreme Cable Manufacturing &
Commerce Tbk
13,9619
14,1909
14,2122
26
SMSM
PT Selamat Sempurna Tbk
14,0133
14,0990
14,1810
27
STTP
PT Siantar Top Tbk
13,3836
13,7481
14,0385
28
TCID
PT Mandom Indonesia Tbk
13,8617
13,9385
14,0479
29
TOTO
PT Surya Toto Indonesia Tbk
13,9031
14,1079
14,2360
30
TSPC
PT Tempo Scan Pacific Tbk
15,0936
15,2625
15,3487
31
ULTJ
PT Ultra Jaya Milk Tbk
14,5121
14,5951
14,6996
32
UNVR
PT Unilever Indonesia Tbk
15,9790
16,1652
16,2962
Lampiran 9:
Daftar Pertumbuhan Penjualan (SG) Tahun 2010 – 2012
NO
KODE
EMITEN
Sales Growth
2010
2011
2012
1
AMFG
PT Asahimas Flat Glass Tbk
0,2682
0,0701
0,1005
2
ARNA
PT Arwana Citramulia Tbk
0,1626
0,1114
0,2070
3
ASII
PT Astra International Tbk
0,3194
0,2506
0,1568
4
BRNA
PT Berlina Tbk
0,0581
0,1953
0,2321
5
CPIN
PT Charoen Pokphand Indonesia Tbk
0,0349
0,1910
0,1867
6
DVLA
PT Darya-Varia Laboratoria Tbk
0,0691
0,0464
0,1184
7
HMSP
PT HM Sampoerna Tbk
0,1131
0,2184
0,2605
8
ICBP
PT Indofood CBP Sukses Makmur Tbk
0,0996
0,0783
0,1140
9
INDS
PT Indospring Tbk
0,4261
0,2024
0,1960
10
INKP
PT Indah Kiat Pulp & Paper Tbk
0,3536
0,0288
0,0462
11
INTP
PT Indocement Tunggal Prakasa Tbk
0,0531
0,2469
0,2450
12
KAEF
PT Kimia Farma (Persero) Tbk
0,1155
0,0934
0,0727
13
KBLI
PT KMI Wire and Cable Tbk
0,4935
0,4998
0,2341
14
KBLM
PT Kabelindo Murni Tbk
0,8007
0,5937
0,1798
15
KDSI
PT Kedawung Setia Industrial Tbk
0,1700
0,0512
0,1024
16
KLBF
PT Kalbe Farma Tbk
0,1254
0,0670
0,2497
17
LION
PT Lion Metal Works Tbk
0,0523
0,2915
0,2441
18
LMSH
PT Lionmesh Prima Tbk
0,2900
0,2889
0,0750
19
MAIN
PT Malindo Feedmill Tbk
0,0899
0,2936
0,2714
20
MRAT
PT Mustika Ratu Tbk
0,0688
0,1000
0,1277
21
NIPS
PT Nipress Tbk
0,4321
0,4448
0,2132
22
PYFA
PT Pyridam Farma Tbk
0,0671
0,0727
0,1697
23
RICY
PT Ricky Putra Globalindo Tbk
0,1425
0,0622
0,2167
24
ROTI
PT Nippon Indosari Corpindo Tbk
0,2599
0,3286
0,4641
25
SCCO
PT Supreme Cable Manufacturing &
Commerce Tbk
0,4558
0,5301
0,0533
26
SMSM
PT Selamat Sempurna Tbk
0,1361
0,1576
0,1969
27
STTP
PT Siantar Top Tbk
0,2161
0,3476
0,2492
28
TCID
PT Mandom Indonesia Tbk
0,0563
0,1280
0,1187
29
TOTO
PT Surya Toto Indonesia Tbk
0,1440
0,1965
0,1750
30
TSPC
PT Tempo Scan Pacific Tbk
0,1415
0,1259
0,1471
31
ULTJ
PT Ultra Jaya Milk Tbk
0,1651
0,1180
0,3365
32
UNVR
PT Unilever Indonesia Tbk
0,0791
0,1919
0,1634
Lampiran 10 :
Komposisi Pemakaian Utang Pada Perusahaan Manufaktur Yang Lulus
Kriteria Sampel
% PEMAKAIAN UTANG
NO
KODE
EMITEN
STD
LTD
2010
2011
2012
2010
2011
2012
1
AMFG
PT Asahimas Flat Glass Tbk
61,51
61,08
64,81
38,49
38,92
35,19
2
ARNA
PT Arwana Citramulia Tbk
67,05
73,78
83,50
32,95
26,22
16,50
3
ASII
PT Astra International Tbk
67,58
62,65
58,60
32,42
37,35
41,40
4
BRNA
67,60
75,80
73,03
32,40
24,20
26,97
5
CPIN
PT Berlina Tbk
PT Charoen Pokphand Indonesia
Tbk
67,98
51,07
51,96
32,02
48,93
48,04
7
HMSP
94,85
92,70
91,95
5,15
7,30
8,05
8
ICBP
PT HM Sampoerna Tbk
PT Indofood CBP Sukses
Makmur Tbk
67,54
66,22
62,07
32,46
33,78
37,93
9
INDS
PT Indospring Tbk
75,98
65,08
70,38
24,02
34,92
29,62
10
INKP
27,61
32,31
21,84
72,39
67,69
78,16
11
INTP
PT Indah Kiat Pulp & Paper Tbk
PT Indocement Tunggal Prakasa
Tbk
60,02
61,08
72,50
39,98
38,92
27,50
12
KAEF
PT Kimia Farma (Persero) Tbk
86,48
84,86
84,62
13,52
15,14
15,38
13
KBLI
PT KMI Wire and Cable Tbk
66,43
84,65
77,27
33,57
15,35
22,73
14
KBLM
92,58
96,78
96,36
7,42
3,22
3,64
15
KDSI
PT Kabelindo Murni Tbk
PT Kedawung Setia Industrial
Tbk
92,66
91,21
91,23
7,34
8,79
8,77
16
KLBF
PT Kalbe Farma Tbk
90,95
92,72
92,44
9,05
7,28
7,56
17
LION
PT Lion Metal Works Tbk
70,68
73,11
68,51
29,32
26,89
31,49
18
LMSH
PT Lionmesh Prima Tbk
74,03
78,08
80,70
25,97
21,92
19,30
19
MAIN
PT Malindo Feedmill Tbk
50,19
56,85
76,27
49,81
43,15
23,73
20
MRAT
PT Mustika Ratu Tbk
80,64
84,01
84,28
19,36
15,99
15,72
21
NIPS
PT Nipress Tbk
92,65
87,83
89,91
7,35
12,17
10,09
22
PYFA
PT Pyridam Farma Tbk
66,97
68,38
59,03
33,03
31,62
40,97
23
RICY
89,12
89,87
56,10
10,88
10,13
43,90
24
ROTI
PT Ricky Putra Globalindo Tbk
PT Nippon Indosari Corpindo
Tbk
82,12
69,68
36,31
17,88
30,32
63,69
25
SCCO
PT Supreme Cable
Manufacturing & Commerce Tbk
98,67
98,63
98,32
1,33
1,37
1,68
% PEMAKAIAN UTANG
NO
KODE
EMITEN
STD
LTD
2010
2011
2012
2010
2011
2012
26
SMSM
PT Selamat Sempurna Tbk
63,61
62,33
74,50
36,39
37,67
25,50
27
STTP
PT Siantar Top Tbk
84,40
74,19
85,25
15,60
25,81
14,75
28
TCID
PT Mandom Indonesia Tbk
57,88
51,80
60,38
42,12
48,20
39,62
29
TOTO
PT Surya Toto Indonesia Tbk
76,71
76,79
71,86
23,29
23,21
28,14
30
TSPC
PT Tempo Scan Pacific Tbk
85,00
86,88
85,73
15,00
13,12
14,27
31
ULTJ
PT Ultra Jaya Milk Tbk
67,69
78,34
79,65
32,31
21,66
20,35
32
UNVR
PT Unilever Indonesia Tbk
94,64
95,59
94,00
5,36
4,41
6,00
Lampiran 11 :
Lampiran 12 :
Lampiran 13 :
Lampiran 14:
Tabel Jadwal Kegiatan Penelitian
Nama
NIM
Program Studi
Fakultas
Universitas
:
:
:
:
:
MUNAWARAH
127017012
MAGISTER AKUNTANSI
EKONOMI
SUMATERA UTARA
Tahun 2014
Uraian Kegiatan
Februari
I
Penyusunan
dan
Pengajuan Proposal
Penelitian
Bimbingan Proposal
Kolokium
Pengumpulan dan
Pengolahan Data
Penulisan Tesis dan
Bimbingan
Seminar Hasil
Ujian Akhir / Sidang
Akhir Tesis
II
III IV
Maret
I
II
III IV
April
I
II
III IV
Mei
I
II
III
Juni
IV
I
II
III
Juli
IV
I
II
III
Agustus
IV
I
II
III IV
Lampiran 15 :
HASIL UJI SPSS
1.
HASIL ANALISIS DESKRIPTIF
Descriptive Statistics
N
Minimum
Maximum
Mean
Std. Deviation
STD
96
.0506
.6345
.294159
.1522546
LTD
96
.0084
.5379
.097707
.0974819
TD
96
.0943
.7352
.391866
.1721101
FS
96
11.2670
17.9788
1.422744E1
1.5235285
SG
96
.0288
.8007
.197979
.1391353
PL
96
.0010
3.9184
.546755
.7637681
ROE
96
.0065
1.2194
.227886
.2122948
Valid N (listwise)
96
2.
HASIL UJI NORMALITAS DENGAN NORMAL P-PLOT
3.
HASIL UJI NORMALITAS DENGAN HISTOGRAM
4.
HASIL UJI NORMALITAS DENGAN NON PARAMETRIC
TEST
KOLMOGOROV SMIRNOV
One-Sample Kolmogorov-Smirnov Test
Unstandardized
Residual
N
Normal Parametersa
96
Mean
Std. Deviation
Most Extreme Differences
Kolmogorov-Smirnov Z
Asymp. Sig. (2-tailed)
a. Test distribution is Normal.
b. Calculated from data.
.0000000
.17799414
Absolute
.105
Positive
.105
Negative
-.049
1.033
.237
5. HASIL UJI MULTIKOLINIERITAS
a. Sebelum Variabel TD (Total Debt) Dibuang
Coefficientsa
Model
1
Unstandardized
Standardized
Coefficients
Coefficients
B
(Constant)
Std. Error
Collinearity Statistics
Beta
-.621
.189
STD
.589
.131
LTD
-.244
FS
SG
t
Sig.
Tolerance
VIF
-3.292
.001
.423
4.493
.000
.873
1.145
.197
-.112
-1.239
.218
.946
1.057
.053
.013
.379
4.144
.000
.925
1.081
-.257
.145
-.169
-1.777
.079
.860
1.163
a. Dependent Variable: ROE
Excluded Variablesb
Collinearity Statistics
Partial
Model
1
Beta In
t
2.658E2a
TD
Sig.
.920
Correlation
.360
Tolerance
.096
VIF
Minimum Tolerance
9.258E-8 1.080E7
9.258E-8
a. Predictors in the Model: (Constant), SG, LTD, FS, STD
b. Dependent Variable: ROE
b. Setelah Variabel TD (Total Debt) Dibuang
Coefficientsa
Model
1
(Constant)
Unstandardized
Standardized
Coefficients
Coefficients
B
Std. Error
-.621
.189
STD
.589
.131
LTD
-.244
FS
SG
Beta
Collinearity Statistics
t
Sig.
Tolerance
VIF
-3.292
.001
.423
4.493
.000
.873
1.145
.197
-.112
-1.239
.218
.946
1.057
.053
.013
.379
4.144
.000
.925
1.081
-.257
.145
-.169
-1.777
.079
.860
1.163
a. Dependent Variable: ROE
6. HASIL UJI HETEROSKEDASTISITAS
DENGAN SCATTERPLOT
7. HASIL UJI AUTOKORELASI
Model Summaryb
Model
1
R
R Square
.545a
Adjusted R
Std. Error of the
Square
Estimate
.297
a. Predictors: (Constant), SG, LTD, FS, STD
b. Dependent Variable: ROE
.266
.1818640
Durbin-Watson
1.986
8. HASIL UJI HIPOTESIS PERTAMA
Sebelum Variabel TD (Total Debt) Dibuang
a. UJI SIMULTAN (UJI F)
ANOVAb
Model
1
Sum of Squares
df
Mean Square
F
Regression
1.272
4
.318
Residual
3.010
91
.033
Total
4.282
95
Sig.
.000a
9.613
a. Predictors: (Constant), SG, LTD, FS, STD
b. Dependent Variable: ROE
b. UJI PARSIAL (UJI t)
Coefficientsa
Standardized
Unstandardized Coefficients
Model
1
B
(Constant)
Coefficients
Std. Error
Beta
-.621
.189
STD
.589
.131
LTD
-.244
FS
SG
t
Sig.
-3.292
.001
.423
4.493
.000
.197
-.112
-1.239
.218
.053
.013
.379
4.144
.000
-.257
.145
-.169
-1.777
.079
a. Dependent Variable: ROE
Excluded Variablesb
Collinearity
Statistics
Partial
Model
1
Beta In
TD
2.658E2a
t
Sig.
.920
.360
a. Predictors in the Model: (Constant), SG, LTD, FS, STD
b. Dependent Variable: ROE
Correlation
.096
Tolerance
9.258E-8
c. KOEFISIEN DETERMINASI (R2)
Model Summaryb
Model
R
Std. Error of the
Square
Estimate
R Square
.545a
1
Adjusted R
.297
.266
.1818640
a. Predictors: (Constant), SG, LTD, FS, STD
b. Dependent Variable: ROE
9. HASIL UJI HIPOTESIS PERTAMA
Sesudah Variabel TD (Total Debt) Dibuang
a.
UJI SIMULTAN (UJI F)
ANOVAb
Model
1
Sum of Squares
df
Mean Square
Regression
1.272
4
.318
Residual
3.010
91
.033
Total
4.282
95
F
Sig.
9.613
.000a
a. Predictors: (Constant), SG, LTD, FS, STD
b. Dependent Variable: ROE
b. UJI PARSIAL (UJI t)
Coefficientsa
Standardized
Unstandardized Coefficients
Model
1
B
(Constant)
Std. Error
-.621
.189
STD
.589
.131
LTD
-.244
FS
SG
a. Dependent Variable: ROE
Coefficients
Beta
t
Sig.
-3.292
.001
.423
4.493
.000
.197
-.112
-1.239
.218
.053
.013
.379
4.144
.000
-.257
.145
-.169
-1.777
.079
c.
KOEFISIEN DETERMINASI (R2)
Model Summaryb
Model
R
Std. Error of the
Square
Estimate
R Square
.545a
1
Adjusted R
.297
.266
.1818640
a. Predictors: (Constant), SG, LTD, FS, STD
b. Dependent Variable: ROE
a.
HASIL UJI HIPOTESIS KEDUA
a. UJI SIMULTAN (UJI F)
ANOVAb
Model
1
Sum of Squares
Regression
df
Mean Square
.927
5
.185
Residual
3.355
90
.037
Total
4.282
95
F
Sig.
4.971
.000a
a. Predictors: (Constant), LTD_PL, STD, STD_PL, LTD, PL
b. Dependent Variable: ROE
b.
UJI PARSIAL (UJI t)
Standardized
Unstandardized Coefficients
Model
1
B
Std. Error
(Constant)
.060
.058
STD
.748
.159
LTD
-.247
Coefficients
Beta
t
Sig.
1.035
.303
.536
4.687
.000
.273
-.113
-.904
.368
.054
.066
.194
.814
.418
STD_PL
-.348
.147
-.531
-2.362
.020
LTD_PL
.107
.236
.071
.453
.652
PL
a. Dependent Variable: ROE
KOEFISIEN DETERMINASI (R2)
c.
Model
1
R
R Square
.465a
.216
Adjusted R
Std. Error of the
Square
Estimate
.173
a. Predictors: (Constant), LTD_PL, STD, STD_PL, LTD, PL
b. Dependent Variable: ROE
.1930746
PROSES PENENTUAN SAMPEL
NO
KODE
KRITERIA
EMITEN
1
1
ADES
PT Akasha Wira International Tbk
2
ADMG
PT Polychem Indonesia Tbk
3
AISA
PT Tiga Pilar Sejahtera Food Tbk
4
AKKU
PT Alam Karya Unggul Tbk
5
AKPI
PT Argha Karya Prima Industry Tbk
6
ALDO
PT Alkindo Naratama Tbk
7
ALMI
PT Alumindo Light Metal Industry Tbk
8
ALTO
PT Tri Banyan Tirta Tbk
9
AMFG
PT Asahimas Flat Glass Tbk
10
APLI
PT Asiaplast Industries Tbk
11
ARGO
PT Argo Pantes Tbk
12
ARNA
PT Arwana Citramulia Tbk
13
ASII
PT Astra International Tbk
14
AUTO
PT Astra Otoparts Tbk
15
BAJA
PT Saranacentral Bajatama Tbk
16
BATA
PT Sepatu Bata Tbk
17
BIMA
PT Primarindo Asia Infrastructure Tbk
18
BRAM
PT Indo Kordsa Tbk
19
BRNA
PT Berlina Tbk
20
BRPT
PT Barito Pacific Tbk
21
BTON
PT Betonjaya Manunggal Tbk
22
BUDI
PT Budi Acid Jaya Tbk
23
CEKA
PT Cahaya Kalbar Tbk
24
CNTX
PT Century Textile Industry (CENTEX) Tbk
25
CPIN
PT Charoen Pokphand Indonesia Tbk
26
CTBN
PT Citra Tubindo Tbk
27
DAVO
PT Davomas Abadi Tbk
28
DLTA
PT Delta Djakarta Tbk
2
3
4
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-
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-
-
-
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-
-
-
SAMPEL
5
-
√
√
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-
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-
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√
1
2
3
-
√
4
-
√
-
5
NO
KODE
KRITERIA
EMITEN
SAMPEL
1
2
3
4
5
√
√
√
√
√
√
√
√
√
√
29
DPNS
PT Duta Pertiwi Nusantara Tbk
30
DVLA
PT Darya-Varia Laboratoria Tbk
31
EKAD
PT Ekadharma International Tbk
32
ERTX
PT Eratex Djaja Tbk
√
-
-
-
-
33
ESTI
PT Ever Shine Textile Industry Tbk
ETWA
PT Eterindo Wahanatama Tbk
√
√
√
√
-
34
√
√
35
FASW
PT Fajar Surya Wisesa Tbk
√
√
√
√
36
FPNI
PT Titan Kimia Nusantara Tbk
37
GDST
PT Gunawan Dianjaya Steel Tbk
√
√
√
√
√
38
GDYR
PT Goodyear Indonesia Tbk
√
√
√
√
39
GGRM PT Gudang Garam Tbk
√
√
√
√
√
√
√
√
√
√
√
√
√
√
√
√
√
√
√
√
√
√
√
√
√
-
-
40
GJTL
PT Gajah Tunggal Tbk
41
HDTX
PT Panasia Indosyntec Tbk
42
HMSP
PT HM Sampoerna Tbk
43
ICBP
PT Indofood CBP Sukses Makmur Tbk
44
IGAR
PT Champion Pasific Indonesia Tbk
45
IKAI
PT Intikeramik Alamasri Industry Tbk
√
-
-
-
-
46
IKBI
PT Sumi Indo Kabel Tbk
IMAS
PT Indomobil Sukses Internasional Tbk
√
√
√
-
47
√
√
48
INAF
PT Indofarma (Persero) Tbk
√
√
√
√
49
INAI
PT Indal Aluminium Industry Tbk
√
√
√
-
50
INCI
PT Intanwijaya Internasional Tbk
51
INDF
PT Indofood Sukses Makmur Tbk
√
√
√
52
INDR
PT Indorama Syntetics Tbk
√
53
INDS
PT Indospring Tbk
54
INKP
PT Indah Kiat Pulp & Paper Tbk
55
INRU
PT Toba Pulp Lestari Tbk
56
INTP
57
IPOL
PT Indocement Tunggal Prakasa Tbk
PT Indopoly Swakarsa Utama Industry
Tbk
58
ITMA
PT Sumber Energi Andalan Tbk
-
√
√
-
√
√
√
√
√
√
√
√
√
√
√
√
√
√
√
√
√
√
√
√
√
√
√
-
-
-
8
-
-
-
7
-
-
√
6
-
9
10
11
NO
KODE
KRITERIA
EMITEN
59
JECC
PT Jembo Cable Company Tbk
60
JKSW
PT Jakarta Kyoei Steel Works Tbk
61
JPFA
PT JAPFA Comfeed Indonesia Tbk
62
JPRS
PT Jaya Pari Steel Tbk
63
KAEF
PT Kimia Farma (Persero) Tbk
64
KARW PT Karwell Indonesia Tbk
65
KBLI
PT KMI Wire and Cable Tbk
66
KBLM
67
KBRI
PT Kabelindo Murni Tbk
PT Kertas Basuki Rachmat Indonesia
Tbk
68
KDSI
PT Kedawung Setia Industrial Tbk
69
KIAS
PT Keramika Indonesia Assosiasi Tbk
70
KICI
PT Kedaung Indah Can Tbk
71
KLBF
PT Kalbe Farma Tbk
72
KRAS
PT Krakatau Steel (Persero) Tbk
73
LION
PT Lion Metal Works Tbk
74
LMPI
PT Langgeng Makmur Industry Tbk
75
LMSH
PT Lionmesh Prima Tbk
76
LPIN
PT Multi Prima Sejahtera Tbk
77
MAIN
PT Malindo Feedmill Tbk
78
MASA
PT Multistrada Arah Sarana Tbk
79
MBTO
PT Martina Berto Tbk
80
MERK
PT Merck Tbk
81
MLBI
PT Multi Bintang Indonesia Tbk
82
MLIA
PT Mulia Industrindo Tbk
83
MRAT
PT Mustika Ratu Tbk
84
MYOR
PT Mayora Indah Tbk
85
MYRX
PT Hanson International Tbk
86
MYTX
PT Apac Citra Centertex Tbk
87
NIKL
PT Pelat Timah Nusantara Tbk
88
NIPS
PT Nipress Tbk
SAMPEL
1
√
2
√
3
√
4
√
5
√
√
√
√
√
-
√
√
√
√
√
√
√
√
√
√
√
√
√
√
√
√
√
√
√
√
√
√
√
√
√
√
√
√
√
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-
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√
√
√
√
√
√
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√
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√
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√
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√
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-
-
-
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√
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√
√
-
√
√
√
12
13
14
15
16
17
18
19
√
20
√
21
NO
KODE
KRITERIA
EMITEN
89
PAFI
PT Panasia Filament Inti Tbk
90
PBRX
PT Pan Brothers Tex Tbk
91
PICO
PT Pelangi Indah Canindo Tbk
92
POLY
PT Asia Pacific Fibers Tbk
93
PRAS
PT Prima Alloy Steel Tbk
94
PSDN
PT Prasidha Aneka Niaga Tbk
95
PTSN
PT Sat Nusapersada Tbk
96
PYFA
PT Pyridam Farma Tbk
97
RDTX
PT Roda Vivatex Tbk
98
RICY
PT Ricky Putra Globalindo Tbk
99
RMBA PT Bentoel International Investama Tbk
100
ROTI
101
SAIP
102
SCCO
PT Nippon Indosari Corpindo Tbk
PT Surabaya Agung Industry Pulp &
Kertas Tbk
PT Supreme Cable Manufacturing &
Commerce Tbk
103
SCPI
PT Schering-Plough Indonesia Tbk
104
SIAP
PT Sekawan Inti Pratama Tbk
105
SIMA
PT Siwani Makmur Tbk
106
SIPD
PT Sierad Produce Tbk
107
SKLT
PT Sekar Laut Tbk
108
SMCB
PT Holcim Indonesia Tbk
109
SMGR
PT Semen Gresik (Persero) Tbk
110
SMSM
PT Selamat Sempurna Tbk
111
SOBI
PT Sorini Agro Asia Corporindo Tbk
112
SPMA
113
SQBI
PT Suparma Tbk
PT Taisho Pharmaceutical Indonesia
Tbk
114
SRSN
PT Indo Acidatama Tbk
115
SSTM
116
1
√
SAMPEL
2
3
4
5
√
√
√
-
√
-
√
-
√
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-
-
-
√
-
√
-
√
√
√
√
√
√
√
√
√
√
√
√
√
√
√
√
√
√
√
√
√
√
√
√
√
√
√
√
√
-
22
√
√
√
√
√
23
24
25
√
√
√
√
√
√
√
√
√
√
√
√
-
√
√
-
√
√
√
-
√
√
√
√
√
√
√
√
√
√
√
√
√
√
√
√
√
√
√
√
√
PT Sunson Textile Manufacture Tbk
√
STAR
PT Star Petrochem Tbk
117
STTP
PT Siantar Top Tbk
√
√
118
SULI
PT Sumalindo Lestari Jaya Tbk
√
-
-
√
26
-
-
-
√
√
-
√
√
√
√
-
-
-
-
27
NO
KODE
KRITERIA
EMITEN
119
TBMS
PT Tembaga Mulia Semanan Tbk
120
TCID
PT Mandom Indonesia Tbk
121
TFCO
PT Prasidha Aneka Niaga Tbk
122
TIRT
PT Tirta Mahakam Resources Tbk
123
TKIM
PT Pabrik Kertas Tjiwi Kimia Tbk
124
TOTO
PT Surya Toto Indonesia Tbk
125
TPIA
PT Chandra Asri Petrochemical Tbk
126
TRIS
PT Trisula International Tbk
127
TRST
PT Trias Sentosa Tbk
128
TSPC
PT Tempo Scan Pacific Tbk
129
ULTJ
PT Ultra Jaya Milk Tbk
130
UNIC
PT Unggul Indah Cahaya Tbk
131
UNIT
PT Nusantara Inti Corpora Tbk
132
UNTX
PT Unitex Tbk
133
UNVR
PT Unilever Indonesia Tbk
134
VOKS
PT Voksel Electric Tbk
135
WIIM
PT Wismilak Inti Makmur Tbk
136
YPAS
PT Yanaprima Hastapersada Tbk
SAMPEL
1
√
2
√
3
√
4
√
√
√
√
√
√
√
√
-
√
-
√
√
√
√
√
-
√
√
√
√
√
√
√
√
√
√
√
√
√
√
√
√
√
√
√
√
√
√
√
√
√
√
√
√
√
√
√
√
√
√
√
√
√
√
√
√
√
√
√
√
√
√
√
√
5
28
√
29
-
30
31
√
-
32
Lampiran 2:
Daftar Sampel Perusahaan Manufaktur Tahun 2010 – 2012
NO
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
29
30
31
32
KODE
AMFG
ARNA
ASII
BRNA
CPIN
DVLA
HMSP
ICBP
INDS
INKP
INTP
KAEF
KBLI
KBLM
KDSI
KLBF
LION
LMSH
MAIN
MRAT
NIPS
PYFA
RICY
ROTI
SCCO
SMSM
STTP
TCID
TOTO
TSPC
ULTJ
UNVR
EMITEN
PT Asahimas Flat Glass Tbk
PT Arwana Citramulia Tbk
PT Astra International Tbk
PT Berlina Tbk
PT Charoen Pokphand Indonesia Tbk
PT Darya-Varia Laboratoria Tbk
PT HM Sampoerna Tbk
PT Indofood CBP Sukses Makmur Tbk
PT Indospring Tbk
PT Indah Kiat Pulp & Paper Tbk
PT Indocement Tunggal Prakasa Tbk
PT Kimia Farma (Persero) Tbk
PT KMI Wire and Cable Tbk
PT Kabelindo Murni Tbk
PT Kedawung Setia Industrial Tbk
PT Kalbe Farma Tbk
PT Lion Metal Works Tbk
PT Lionmesh Prima Tbk
PT Malindo Feedmill Tbk
PT Mustika Ratu Tbk
PT Nipress Tbk
PT Pyridam Farma Tbk
PT Ricky Putra Globalindo Tbk
PT Nippon Indosari Corpindo Tbk
PT Supreme Cable Manufacturing & Commerce Tbk
PT Selamat Sempurna Tbk
PT Siantar Top Tbk
PT Mandom Indonesia Tbk
PT Surya Toto Indonesia Tbk
PT Tempo Scan Pacific Tbk
PT Ultra Jaya Milk Tbk
PT Unilever Indonesia Tbk
Lampiran 3:
Daftar Utang Jangka Pendek terhadap Total Asset (STD)
Tahun 2010 – 2012
NO
KODE
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
AMFG
ARNA
ASII
BRNA
CPIN
DVLA
HMSP
ICBP
INDS
INKP
INTP
KAEF
KBLI
KBLM
KDSI
KLBF
LION
LMSH
MAIN
MRAT
NIPS
PYFA
RICY
ROTI
25
26
27
28
29
30
31
32
SCCO
SMSM
STTP
TCID
TOTO
TSPC
ULTJ
UNVR
EMITEN
PT Asahimas Flat Glass Tbk
PT Arwana Citramulia Tbk
PT Astra International Tbk
PT Berlina Tbk
PT Charoen Pokphand Indonesia Tbk
PT Darya-Varia Laboratoria Tbk
PT HM Sampoerna Tbk
PT Indofood CBP Sukses Makmur Tbk
PT Indospring Tbk
PT Indah Kiat Pulp & Paper Tbk
PT Indocement Tunggal Prakasa Tbk
PT Kimia Farma (Persero) Tbk
PT KMI Wire and Cable Tbk
PT Kabelindo Murni Tbk
PT Kedawung Setia Industrial Tbk
PT Kalbe Farma Tbk
PT Lion Metal Works Tbk
PT Lionmesh Prima Tbk
PT Malindo Feedmill Tbk
PT Mustika Ratu Tbk
PT Nipress Tbk
PT Pyridam Farma Tbk
PT Ricky Putra Globalindo Tbk
PT Nippon Indosari Corpindo Tbk
PT Supreme Cable Manufacturing &
Commerce Tbk
PT Selamat Sempurna Tbk
PT Siantar Top Tbk
PT Mandom Indonesia Tbk
PT Surya Toto Indonesia Tbk
PT Tempo Scan Pacific Tbk
PT Ultra Jaya Milk Tbk
PT Unilever Indonesia Tbk
2010
0,1373
0,3518
0,3253
0,4012
0,2124
0,2040
0,4764
0,2022
0,5364
0,1826
0,0878
0,2835
0,2096
0,4032
0,5020
0,1630
0,1021
0,2974
0,3690
0,1019
0,5199
0,1555
0,4001
0,1630
STD
2011
0,1238
0,3091
0,3186
0,4584
0,1535
0,1543
0,4329
0,1963
0,2898
0,2197
0,0813
0,2562
0,2841
0,6000
0,4787
0,1971
0,1274
0,3251
0,3879
0,1274
0,5519
0,2064
0,4085
0,1952
2012
0,1370
0,2961
0,2972
0,4442
0,1755
0,1784
0,4533
0,2016
0,2233
0,1503
0,1063
0,2587
0,2106
0,6107
0,4070
0,2009
0,0975
0,1948
0,4738
0,1288
0,5315
0,2092
0,3167
0,1622
0,6214
0,2850
0,2625
0,0546
0,3237
0,2237
0,2380
0,5060
0,6345
0,2558
0,3530
0,0506
0,3319
0,2462
0,2806
0,6203
0,5507
0,3209
0,4571
0,0789
0,2947
0,2368
0,2449
0,6307
Lampiran 4:
Daftar Utang Jangka Panjang terhadap Total Asset (LTD)
Tahun 2010 – 2012
NO
KODE
EMITEN
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
AMFG
ARNA
ASII
BRNA
CPIN
DVLA
HMSP
ICBP
INDS
INKP
INTP
KAEF
KBLI
KBLM
KDSI
KLBF
LION
LMSH
MAIN
MRAT
NIPS
PYFA
RICY
ROTI
PT Asahimas Flat Glass Tbk
PT Arwana Citramulia Tbk
PT Astra International Tbk
PT Berlina Tbk
PT Charoen Pokphand Indonesia Tbk
PT Darya-Varia Laboratoria Tbk
PT HM Sampoerna Tbk
PT Indofood CBP Sukses Makmur Tbk
PT Indospring Tbk
PT Indah Kiat Pulp & Paper Tbk
PT Indocement Tunggal Prakasa Tbk
PT Kimia Farma (Persero) Tbk
PT KMI Wire and Cable Tbk
PT Kabelindo Murni Tbk
PT Kedawung Setia Industrial Tbk
PT Kalbe Farma Tbk
PT Lion Metal Works Tbk
PT Lionmesh Prima Tbk
PT Malindo Feedmill Tbk
PT Mustika Ratu Tbk
PT Nipress Tbk
PT Pyridam Farma Tbk
PT Ricky Putra Globalindo Tbk
PT Nippon Indosari Corpindo Tbk
25
26
27
28
29
30
31
32
SCCO
SMSM
STTP
TCID
TOTO
TSPC
ULTJ
UNVR
PT Supreme Cable Manufacturing &
Commerce Tbk
PT Selamat Sempurna Tbk
PT Siantar Top Tbk
PT Mandom Indonesia Tbk
PT Surya Toto Indonesia Tbk
PT Tempo Scan Pacific Tbk
PT Ultra Jaya Milk Tbk
PT Unilever Indonesia Tbk
2010
0,0859
0,1729
0,1560
0,1923
0,1000
0,0408
0,0259
0,0971
0,1696
0,4787
0,0585
0,0443
0,1059
0,0323
0,0398
0,0162
0,0423
0,1043
0,3662
0,0245
0,0413
0,0767
0,0488
0,0355
LTD
2011
0,0789
0,1098
0,1899
0,1463
0,1470
0,0570
0,0341
0,1001
0,1555
0,4602
0,0518
0,0457
0,0515
0,0200
0,0461
0,0155
0,0469
0,0913
0,2944
0,0242
0,0765
0,0955
0,0461
0,0849
2012
0,0744
0,0585
0,2100
0,1640
0,1623
0,0385
0,0397
0,1232
0,0940
0,5379
0,0403
0,0470
0,0619
0,0231
0,0391
0,0164
0,0448
0,0466
0,1474
0,0240
0,0597
0,1452
0,2478
0,2846
0,0084
0,1631
0,0485
0,0397
0,0983
0,0395
0,1136
0,0287
0,0088
0,1546
0,1228
0,0471
0,1003
0,0372
0,0776
0,0286
0,0094
0,1099
0,0791
0,0517
0,1154
0,0394
0,0626
0,0402
Lampiran 5:
Daftar Total Utang terhadap Total Asset (TD)
Tahun 2010 – 2012
NO
KODE
EMITEN
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
AMFG
ARNA
ASII
BRNA
CPIN
DVLA
HMSP
ICBP
INDS
INKP
INTP
KAEF
KBLI
KBLM
KDSI
KLBF
LION
LMSH
MAIN
MRAT
NIPS
PYFA
RICY
ROTI
PT Asahimas Flat Glass Tbk
PT Arwana Citramulia Tbk
PT Astra International Tbk
PT Berlina Tbk
PT Charoen Pokphand Indonesia Tbk
PT Darya-Varia Laboratoria Tbk
PT HM Sampoerna Tbk
PT Indofood CBP Sukses Makmur Tbk
PT Indospring Tbk
PT Indah Kiat Pulp & Paper Tbk
PT Indocement Tunggal Prakasa Tbk
PT Kimia Farma (Persero) Tbk
PT KMI Wire and Cable Tbk
PT Kabelindo Murni Tbk
PT Kedawung Setia Industrial Tbk
PT Kalbe Farma Tbk
PT Lion Metal Works Tbk
PT Lionmesh Prima Tbk
PT Malindo Feedmill Tbk
PT Mustika Ratu Tbk
PT Nipress Tbk
PT Pyridam Farma Tbk
PT Ricky Putra Globalindo Tbk
PT Nippon Indosari Corpindo Tbk
25
26
27
28
29
30
31
32
SCCO
SMSM
STTP
TCID
TOTO
TSPC
ULTJ
UNVR
PT Supreme Cable Manufacturing &
Commerce Tbk
PT Selamat Sempurna Tbk
PT Siantar Top Tbk
PT Mandom Indonesia Tbk
PT Surya Toto Indonesia Tbk
PT Tempo Scan Pacific Tbk
PT Ultra Jaya Milk Tbk
PT Unilever Indonesia Tbk
2010
0,2233
0,5246
0,4813
0,5935
0,3124
0,2448
0,5023
0,2993
0,7060
0,6613
0,1463
0,3278
0,3156
0,4355
0,5418
0,1793
0,1444
0,4017
0,7352
0,1264
0,5611
0,2322
0,4489
0,1985
TD
2011
0,2027
0,4189
0,5086
0,6048
0,3005
0,2113
0,4670
0,2965
0,4453
0,6798
0,1332
0,3019
0,3356
0,6199
0,5249
0,2125
0,1743
0,4164
0,6823
0,1516
0,6284
0,3019
0,4545
0,2802
2012
0,2113
0,3547
0,5073
0,6082
0,3379
0,2169
0,4930
0,3248
0,3173
0,6882
0,1466
0,3057
0,2725
0,6338
0,4462
0,2173
0,1423
0,2413
0,6212
0,1528
0,5911
0,3544
0,5644
0,4468
0,6298
0,4481
0,3110
0,0943
0,4220
0,2632
0,3515
0,5347
0,6433
0,4104
0,4757
0,0977
0,4322
0,2834
0,3581
0,6488
0,5601
0,4308
0,5362
0,1306
0,4101
0,2762
0,3075
0,6709
Lampiran 6:
Daftar Pertumbuhan Laba (PL) Tahun 2010 – 2012
NO
KODE
EMITEN
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
AMFG
ARNA
ASII
BRNA
CPIN
DVLA
HMSP
ICBP
INDS
INKP
INTP
KAEF
KBLI
KBLM
KDSI
KLBF
LION
LMSH
MAIN
MRAT
NIPS
PYFA
RICY
ROTI
PT Asahimas Flat Glass Tbk
PT Arwana Citramulia Tbk
PT Astra International Tbk
PT Berlina Tbk
PT Charoen Pokphand Indonesia Tbk
PT Darya-Varia Laboratoria Tbk
PT HM Sampoerna Tbk
PT Indofood CBP Sukses Makmur Tbk
PT Indospring Tbk
PT Indah Kiat Pulp & Paper Tbk
PT Indocement Tunggal Prakasa Tbk
PT Kimia Farma (Persero) Tbk
PT KMI Wire and Cable Tbk
PT Kabelindo Murni Tbk
PT Kedawung Setia Industrial Tbk
PT Kalbe Farma Tbk
PT Lion Metal Works Tbk
PT Lionmesh Prima Tbk
PT Malindo Feedmill Tbk
PT Mustika Ratu Tbk
PT Nipress Tbk
PT Pyridam Farma Tbk
PT Ricky Putra Globalindo Tbk
PT Nippon Indosari Corpindo Tbk
PERT. LABA
2010
2011
2012
3,9184
0,0182
0,0285
0,2540
0,1977
0,6538
0,7186
0,2372
0,0521
0,8172
0,2892
0,2777
0,3765
0,0643
0,1348
0,5342
0,0905
0,2315
0,2655
0,2505
0,2179
0,7036
0,1237
0,1058
0,1918
0,7192
0,1134
0,0024
0,2428
2,3004
0,1664
0,1169
0,3226
1,2192
0,2382
0,1980
1,3374
0,3172
0,9642
1,2926
3,8901
0,2542
0,6071
0,3988
0,5590
0,4490
0,1438
0,1509
0,1493
0,3599
0,6251
2,0616
0,4824
2,7885
1,3689
0,1389
0,4755
0,2039
0,0192
0,3349
2,4364
0,4081
0,2087
0,1129
0,2317
0,0263
2,0286
0,1287
0,3905
0,7469
0,1619
0,2865
25
26
27
28
29
30
31
32
SCCO
SMSM
STTP
TCID
TOTO
TSPC
ULTJ
UNVR
PT Supreme Cable Manufacturing &
Commerce Tbk
PT Selamat Sempurna Tbk
PT Siantar Top Tbk
PT Mandom Indonesia Tbk
PT Surya Toto Indonesia Tbk
PT Tempo Scan Pacific Tbk
PT Ultra Jaya Milk Tbk
PT Unilever Indonesia Tbk
2,2904
0,2409
0,0380
0,0548
0,0633
0,3582
0,7517
0,1119
0,8074
0,3301
0,0010
0,0673
0,1251
0,1972
0,1991
0,2304
0,5456
0,2248
0,7488
0,0749
0,0822
0,0995
1,7515
0,1621
Lampiran 7 :
Daftar Return on Equity (ROE) Tahun 2010 – 2012
NO
KODE
EMITEN
ROE
2010
2011
2012
1
AMFG
PT Asahimas Flat Glass Tbk
0,1796
0,1571
0,1411
2
ARNA
PT Arwana Citramulia Tbk
0,1930
0,1986
0,2624
3
ASII
PT Astra International Tbk
0,2940
0,2815
0,2501
4
BRNA
PT Berlina Tbk
0,1644
0,1865
0,2009
5
CPIN
PT Charoen Pokphand Indonesia Tbk
0,4953
0,3817
0,3279
6
DVLA
PT Darya-Varia Laboratoria Tbk
0,1731
0,1661
0,1769
7
HMSP
PT HM Sampoerna Tbk
0,6302
0,7815
0,7368
8
ICBP
PT Indofood CBP Sukses Makmur Tbk
0,1962
0,1927
0,1908
9
INDS
PT Indospring Tbk
0,3094
0,1905
0,1180
10
INKP
PT Indah Kiat Pulp & Paper Tbk
0,0065
0,0079
0,0240
11
INTP
PT Indocement Tunggal Prakasa Tbk
0,2461
0,2289
0,2453
12
KAEF
PT Kimia Farma (Persero) Tbk
0,1245
0,1371
0,1427
13
KBLI
PT KMI Wire and Cable Tbk
0,0738
0,0885
0,1482
14
KBLM
PT Kabelindo Murni Tbk
0,0171
0,0778
0,0900
15
KDSI
PT Kedawung Setia Industrial Tbk
0,0661
0,0846
0,1166
16
KLBF
PT Kalbe Farma Tbk
0,2332
0,2363
0,2404
17
LION
PT Lion Metal Works Tbk
0,1486
0,1739
0,2296
18
LMSH
PT Lionmesh Prima Tbk
0,1571
0,1905
0,4233
19
MAIN
PT Malindo Feedmill Tbk
0,7034
0,4859
0,4435
20
MRAT
PT Mustika Ratu Tbk
0,0750
0,0720
0,0892
21
NIPS
PT Nipress Tbk
0,0855
0,1074
0,1003
22
PYFA
PT Pyridam Farma Tbk
0,0544
0,0628
0,0605
23
24
RICY
ROTI
PT Ricky Putra Globalindo Tbk
PT Nippon Indosari Corpindo Tbk
0,0320
0,2191
0,0349
0,2122
0,0463
0,2237
25
SCCO
PT Supreme Cable Manufacturing &
Commerce Tbk
0,1418
0,2115
0,2595
26
SMSM
PT Selamat Sempurna Tbk
0,2451
0,3086
0,3274
27
STTP
PT Siantar Top Tbk
0,0953
0,0871
0,1287
28
TCID
PT Mandom Indonesia Tbk
0,1386
0,1375
0,1375
29
TOTO
PT Surya Toto Indonesia Tbk
0,3081
0,2876
0,2635
30
TSPC
PT Tempo Scan Pacific Tbk
0,1849
0,1922
0,1919
31
ULTJ
PT Ultra Jaya Milk Tbk
0,0823
0,1075
0,2108
32
UNVR
PT Unilever Indonesia Tbk
0,8360
1,1313
1,2194
Lampiran 8:
Daftar Ukuran Perusahaan (FS) Tahun 2010 – 2012
NO
KODE
EMITEN
Ln (Total Aset)
2010
2011
2012
1
AMFG
PT Asahimas Flat Glass Tbk
14,6795
14,8053
14,9519
2
ARNA
PT Arwana Citramulia Tbk
13,6799
13,6310
13,7508
3
ASII
PT Astra International Tbk
11,6383
11,9468
12,1133
4
BRNA
PT Berlina Tbk
13,2193
13,3754
13,5546
5
CPIN
PT Charoen Pokphand Indonesia Tbk
15,6901
15,9957
16,3291
6
DVLA
PT Darya-Varia Laboratoria Tbk
13,6509
13,7353
13,8875
7
HMSP
PT HM Sampoerna Tbk
16,8372
16,7772
17,0831
8
ICBP
PT Indofood CBP Sukses Makmur Tbk
16,4079
16,5383
16,6921
9
INDS
PT Indospring Tbk
13,5539
13,9463
14,3252
10
INKP
PT Indah Kiat Pulp & Paper Tbk
17,7909
17,8638
17,9788
11
INTP
PT Indocement Tunggal Prakasa Tbk
16,5464
16,7143
16,9403
12
KAEF
PT Kimia Farma (Persero) Tbk
14,3207
14,4001
14,5461
13
KBLI
PT KMI Wire and Cable Tbk
13,7734
13,8957
13,9654
14
KBLM
PT Kabelindo Murni Tbk
12,9072
13,3738
13,4911
15
KDSI
PT Kedawung Setia Industrial Tbk
13,2316
13,2837
13,2544
16
KLBF
PT Kalbe Farma Tbk
15,7661
15,9287
16,0581
17
LION
PT Lion Metal Works Tbk
12,6245
12,8099
12,9796
18
LMSH
PT Lionmesh Prima Tbk
11,2670
11,4929
11,7641
19
MAIN
PT Malindo Feedmill Tbk
13,7812
14,0990
14,4032
20
MRAT
PT Mustika Ratu Tbk
12,8645
12,9539
13,0291
21
NIPS
PT Nipress Tbk
12,7296
13,0096
13,1724
22
PYFA
PT Pyridam Farma Tbk
11,5188
11,6787
11,8193
23
RICY
PT Ricky Putra Globalindo Tbk
13,3266
13,3725
13,6441
24
ROTI
PT Nippon Indosari Corpindo Tbk
13,2503
13,5399
14,0019
25
SCCO
PT Supreme Cable Manufacturing &
Commerce Tbk
13,9619
14,1909
14,2122
26
SMSM
PT Selamat Sempurna Tbk
14,0133
14,0990
14,1810
27
STTP
PT Siantar Top Tbk
13,3836
13,7481
14,0385
28
TCID
PT Mandom Indonesia Tbk
13,8617
13,9385
14,0479
29
TOTO
PT Surya Toto Indonesia Tbk
13,9031
14,1079
14,2360
30
TSPC
PT Tempo Scan Pacific Tbk
15,0936
15,2625
15,3487
31
ULTJ
PT Ultra Jaya Milk Tbk
14,5121
14,5951
14,6996
32
UNVR
PT Unilever Indonesia Tbk
15,9790
16,1652
16,2962
Lampiran 9:
Daftar Pertumbuhan Penjualan (SG) Tahun 2010 – 2012
NO
KODE
EMITEN
Sales Growth
2010
2011
2012
1
AMFG
PT Asahimas Flat Glass Tbk
0,2682
0,0701
0,1005
2
ARNA
PT Arwana Citramulia Tbk
0,1626
0,1114
0,2070
3
ASII
PT Astra International Tbk
0,3194
0,2506
0,1568
4
BRNA
PT Berlina Tbk
0,0581
0,1953
0,2321
5
CPIN
PT Charoen Pokphand Indonesia Tbk
0,0349
0,1910
0,1867
6
DVLA
PT Darya-Varia Laboratoria Tbk
0,0691
0,0464
0,1184
7
HMSP
PT HM Sampoerna Tbk
0,1131
0,2184
0,2605
8
ICBP
PT Indofood CBP Sukses Makmur Tbk
0,0996
0,0783
0,1140
9
INDS
PT Indospring Tbk
0,4261
0,2024
0,1960
10
INKP
PT Indah Kiat Pulp & Paper Tbk
0,3536
0,0288
0,0462
11
INTP
PT Indocement Tunggal Prakasa Tbk
0,0531
0,2469
0,2450
12
KAEF
PT Kimia Farma (Persero) Tbk
0,1155
0,0934
0,0727
13
KBLI
PT KMI Wire and Cable Tbk
0,4935
0,4998
0,2341
14
KBLM
PT Kabelindo Murni Tbk
0,8007
0,5937
0,1798
15
KDSI
PT Kedawung Setia Industrial Tbk
0,1700
0,0512
0,1024
16
KLBF
PT Kalbe Farma Tbk
0,1254
0,0670
0,2497
17
LION
PT Lion Metal Works Tbk
0,0523
0,2915
0,2441
18
LMSH
PT Lionmesh Prima Tbk
0,2900
0,2889
0,0750
19
MAIN
PT Malindo Feedmill Tbk
0,0899
0,2936
0,2714
20
MRAT
PT Mustika Ratu Tbk
0,0688
0,1000
0,1277
21
NIPS
PT Nipress Tbk
0,4321
0,4448
0,2132
22
PYFA
PT Pyridam Farma Tbk
0,0671
0,0727
0,1697
23
RICY
PT Ricky Putra Globalindo Tbk
0,1425
0,0622
0,2167
24
ROTI
PT Nippon Indosari Corpindo Tbk
0,2599
0,3286
0,4641
25
SCCO
PT Supreme Cable Manufacturing &
Commerce Tbk
0,4558
0,5301
0,0533
26
SMSM
PT Selamat Sempurna Tbk
0,1361
0,1576
0,1969
27
STTP
PT Siantar Top Tbk
0,2161
0,3476
0,2492
28
TCID
PT Mandom Indonesia Tbk
0,0563
0,1280
0,1187
29
TOTO
PT Surya Toto Indonesia Tbk
0,1440
0,1965
0,1750
30
TSPC
PT Tempo Scan Pacific Tbk
0,1415
0,1259
0,1471
31
ULTJ
PT Ultra Jaya Milk Tbk
0,1651
0,1180
0,3365
32
UNVR
PT Unilever Indonesia Tbk
0,0791
0,1919
0,1634
Lampiran 10 :
Komposisi Pemakaian Utang Pada Perusahaan Manufaktur Yang Lulus
Kriteria Sampel
% PEMAKAIAN UTANG
NO
KODE
EMITEN
STD
LTD
2010
2011
2012
2010
2011
2012
1
AMFG
PT Asahimas Flat Glass Tbk
61,51
61,08
64,81
38,49
38,92
35,19
2
ARNA
PT Arwana Citramulia Tbk
67,05
73,78
83,50
32,95
26,22
16,50
3
ASII
PT Astra International Tbk
67,58
62,65
58,60
32,42
37,35
41,40
4
BRNA
67,60
75,80
73,03
32,40
24,20
26,97
5
CPIN
PT Berlina Tbk
PT Charoen Pokphand Indonesia
Tbk
67,98
51,07
51,96
32,02
48,93
48,04
7
HMSP
94,85
92,70
91,95
5,15
7,30
8,05
8
ICBP
PT HM Sampoerna Tbk
PT Indofood CBP Sukses
Makmur Tbk
67,54
66,22
62,07
32,46
33,78
37,93
9
INDS
PT Indospring Tbk
75,98
65,08
70,38
24,02
34,92
29,62
10
INKP
27,61
32,31
21,84
72,39
67,69
78,16
11
INTP
PT Indah Kiat Pulp & Paper Tbk
PT Indocement Tunggal Prakasa
Tbk
60,02
61,08
72,50
39,98
38,92
27,50
12
KAEF
PT Kimia Farma (Persero) Tbk
86,48
84,86
84,62
13,52
15,14
15,38
13
KBLI
PT KMI Wire and Cable Tbk
66,43
84,65
77,27
33,57
15,35
22,73
14
KBLM
92,58
96,78
96,36
7,42
3,22
3,64
15
KDSI
PT Kabelindo Murni Tbk
PT Kedawung Setia Industrial
Tbk
92,66
91,21
91,23
7,34
8,79
8,77
16
KLBF
PT Kalbe Farma Tbk
90,95
92,72
92,44
9,05
7,28
7,56
17
LION
PT Lion Metal Works Tbk
70,68
73,11
68,51
29,32
26,89
31,49
18
LMSH
PT Lionmesh Prima Tbk
74,03
78,08
80,70
25,97
21,92
19,30
19
MAIN
PT Malindo Feedmill Tbk
50,19
56,85
76,27
49,81
43,15
23,73
20
MRAT
PT Mustika Ratu Tbk
80,64
84,01
84,28
19,36
15,99
15,72
21
NIPS
PT Nipress Tbk
92,65
87,83
89,91
7,35
12,17
10,09
22
PYFA
PT Pyridam Farma Tbk
66,97
68,38
59,03
33,03
31,62
40,97
23
RICY
89,12
89,87
56,10
10,88
10,13
43,90
24
ROTI
PT Ricky Putra Globalindo Tbk
PT Nippon Indosari Corpindo
Tbk
82,12
69,68
36,31
17,88
30,32
63,69
25
SCCO
PT Supreme Cable
Manufacturing & Commerce Tbk
98,67
98,63
98,32
1,33
1,37
1,68
% PEMAKAIAN UTANG
NO
KODE
EMITEN
STD
LTD
2010
2011
2012
2010
2011
2012
26
SMSM
PT Selamat Sempurna Tbk
63,61
62,33
74,50
36,39
37,67
25,50
27
STTP
PT Siantar Top Tbk
84,40
74,19
85,25
15,60
25,81
14,75
28
TCID
PT Mandom Indonesia Tbk
57,88
51,80
60,38
42,12
48,20
39,62
29
TOTO
PT Surya Toto Indonesia Tbk
76,71
76,79
71,86
23,29
23,21
28,14
30
TSPC
PT Tempo Scan Pacific Tbk
85,00
86,88
85,73
15,00
13,12
14,27
31
ULTJ
PT Ultra Jaya Milk Tbk
67,69
78,34
79,65
32,31
21,66
20,35
32
UNVR
PT Unilever Indonesia Tbk
94,64
95,59
94,00
5,36
4,41
6,00
Lampiran 11 :
Lampiran 12 :
Lampiran 13 :
Lampiran 14:
Tabel Jadwal Kegiatan Penelitian
Nama
NIM
Program Studi
Fakultas
Universitas
:
:
:
:
:
MUNAWARAH
127017012
MAGISTER AKUNTANSI
EKONOMI
SUMATERA UTARA
Tahun 2014
Uraian Kegiatan
Februari
I
Penyusunan
dan
Pengajuan Proposal
Penelitian
Bimbingan Proposal
Kolokium
Pengumpulan dan
Pengolahan Data
Penulisan Tesis dan
Bimbingan
Seminar Hasil
Ujian Akhir / Sidang
Akhir Tesis
II
III IV
Maret
I
II
III IV
April
I
II
III IV
Mei
I
II
III
Juni
IV
I
II
III
Juli
IV
I
II
III
Agustus
IV
I
II
III IV
Lampiran 15 :
HASIL UJI SPSS
1.
HASIL ANALISIS DESKRIPTIF
Descriptive Statistics
N
Minimum
Maximum
Mean
Std. Deviation
STD
96
.0506
.6345
.294159
.1522546
LTD
96
.0084
.5379
.097707
.0974819
TD
96
.0943
.7352
.391866
.1721101
FS
96
11.2670
17.9788
1.422744E1
1.5235285
SG
96
.0288
.8007
.197979
.1391353
PL
96
.0010
3.9184
.546755
.7637681
ROE
96
.0065
1.2194
.227886
.2122948
Valid N (listwise)
96
2.
HASIL UJI NORMALITAS DENGAN NORMAL P-PLOT
3.
HASIL UJI NORMALITAS DENGAN HISTOGRAM
4.
HASIL UJI NORMALITAS DENGAN NON PARAMETRIC
TEST
KOLMOGOROV SMIRNOV
One-Sample Kolmogorov-Smirnov Test
Unstandardized
Residual
N
Normal Parametersa
96
Mean
Std. Deviation
Most Extreme Differences
Kolmogorov-Smirnov Z
Asymp. Sig. (2-tailed)
a. Test distribution is Normal.
b. Calculated from data.
.0000000
.17799414
Absolute
.105
Positive
.105
Negative
-.049
1.033
.237
5. HASIL UJI MULTIKOLINIERITAS
a. Sebelum Variabel TD (Total Debt) Dibuang
Coefficientsa
Model
1
Unstandardized
Standardized
Coefficients
Coefficients
B
(Constant)
Std. Error
Collinearity Statistics
Beta
-.621
.189
STD
.589
.131
LTD
-.244
FS
SG
t
Sig.
Tolerance
VIF
-3.292
.001
.423
4.493
.000
.873
1.145
.197
-.112
-1.239
.218
.946
1.057
.053
.013
.379
4.144
.000
.925
1.081
-.257
.145
-.169
-1.777
.079
.860
1.163
a. Dependent Variable: ROE
Excluded Variablesb
Collinearity Statistics
Partial
Model
1
Beta In
t
2.658E2a
TD
Sig.
.920
Correlation
.360
Tolerance
.096
VIF
Minimum Tolerance
9.258E-8 1.080E7
9.258E-8
a. Predictors in the Model: (Constant), SG, LTD, FS, STD
b. Dependent Variable: ROE
b. Setelah Variabel TD (Total Debt) Dibuang
Coefficientsa
Model
1
(Constant)
Unstandardized
Standardized
Coefficients
Coefficients
B
Std. Error
-.621
.189
STD
.589
.131
LTD
-.244
FS
SG
Beta
Collinearity Statistics
t
Sig.
Tolerance
VIF
-3.292
.001
.423
4.493
.000
.873
1.145
.197
-.112
-1.239
.218
.946
1.057
.053
.013
.379
4.144
.000
.925
1.081
-.257
.145
-.169
-1.777
.079
.860
1.163
a. Dependent Variable: ROE
6. HASIL UJI HETEROSKEDASTISITAS
DENGAN SCATTERPLOT
7. HASIL UJI AUTOKORELASI
Model Summaryb
Model
1
R
R Square
.545a
Adjusted R
Std. Error of the
Square
Estimate
.297
a. Predictors: (Constant), SG, LTD, FS, STD
b. Dependent Variable: ROE
.266
.1818640
Durbin-Watson
1.986
8. HASIL UJI HIPOTESIS PERTAMA
Sebelum Variabel TD (Total Debt) Dibuang
a. UJI SIMULTAN (UJI F)
ANOVAb
Model
1
Sum of Squares
df
Mean Square
F
Regression
1.272
4
.318
Residual
3.010
91
.033
Total
4.282
95
Sig.
.000a
9.613
a. Predictors: (Constant), SG, LTD, FS, STD
b. Dependent Variable: ROE
b. UJI PARSIAL (UJI t)
Coefficientsa
Standardized
Unstandardized Coefficients
Model
1
B
(Constant)
Coefficients
Std. Error
Beta
-.621
.189
STD
.589
.131
LTD
-.244
FS
SG
t
Sig.
-3.292
.001
.423
4.493
.000
.197
-.112
-1.239
.218
.053
.013
.379
4.144
.000
-.257
.145
-.169
-1.777
.079
a. Dependent Variable: ROE
Excluded Variablesb
Collinearity
Statistics
Partial
Model
1
Beta In
TD
2.658E2a
t
Sig.
.920
.360
a. Predictors in the Model: (Constant), SG, LTD, FS, STD
b. Dependent Variable: ROE
Correlation
.096
Tolerance
9.258E-8
c. KOEFISIEN DETERMINASI (R2)
Model Summaryb
Model
R
Std. Error of the
Square
Estimate
R Square
.545a
1
Adjusted R
.297
.266
.1818640
a. Predictors: (Constant), SG, LTD, FS, STD
b. Dependent Variable: ROE
9. HASIL UJI HIPOTESIS PERTAMA
Sesudah Variabel TD (Total Debt) Dibuang
a.
UJI SIMULTAN (UJI F)
ANOVAb
Model
1
Sum of Squares
df
Mean Square
Regression
1.272
4
.318
Residual
3.010
91
.033
Total
4.282
95
F
Sig.
9.613
.000a
a. Predictors: (Constant), SG, LTD, FS, STD
b. Dependent Variable: ROE
b. UJI PARSIAL (UJI t)
Coefficientsa
Standardized
Unstandardized Coefficients
Model
1
B
(Constant)
Std. Error
-.621
.189
STD
.589
.131
LTD
-.244
FS
SG
a. Dependent Variable: ROE
Coefficients
Beta
t
Sig.
-3.292
.001
.423
4.493
.000
.197
-.112
-1.239
.218
.053
.013
.379
4.144
.000
-.257
.145
-.169
-1.777
.079
c.
KOEFISIEN DETERMINASI (R2)
Model Summaryb
Model
R
Std. Error of the
Square
Estimate
R Square
.545a
1
Adjusted R
.297
.266
.1818640
a. Predictors: (Constant), SG, LTD, FS, STD
b. Dependent Variable: ROE
a.
HASIL UJI HIPOTESIS KEDUA
a. UJI SIMULTAN (UJI F)
ANOVAb
Model
1
Sum of Squares
Regression
df
Mean Square
.927
5
.185
Residual
3.355
90
.037
Total
4.282
95
F
Sig.
4.971
.000a
a. Predictors: (Constant), LTD_PL, STD, STD_PL, LTD, PL
b. Dependent Variable: ROE
b.
UJI PARSIAL (UJI t)
Standardized
Unstandardized Coefficients
Model
1
B
Std. Error
(Constant)
.060
.058
STD
.748
.159
LTD
-.247
Coefficients
Beta
t
Sig.
1.035
.303
.536
4.687
.000
.273
-.113
-.904
.368
.054
.066
.194
.814
.418
STD_PL
-.348
.147
-.531
-2.362
.020
LTD_PL
.107
.236
.071
.453
.652
PL
a. Dependent Variable: ROE
KOEFISIEN DETERMINASI (R2)
c.
Model
1
R
R Square
.465a
.216
Adjusted R
Std. Error of the
Square
Estimate
.173
a. Predictors: (Constant), LTD_PL, STD, STD_PL, LTD, PL
b. Dependent Variable: ROE
.1930746