RASIO KEUANGAN TERBAIK UNTUK MEMPREDIKSI NILAI PERUSAHAAN
Program Pendidikan Profesi Akuntansi Universitas Kristen Maranatha
Jl. Prof. Drg. Suria Sumantri, MPH No.65 Bandung, 40164
Korespondensi dengan Penulis:
Meythi:Telp: +62 22 201 2186 Ext. 1528; Fax: +62 22 201 7625
This study aimed to determine the best financial ratios in predicting firm value. There were 12 financial ratios, Current Ratio, Quick Ratio, Debt Ratio, Equity to Total Asset, Equity to Total Liabilities, Equity to Fixed Asset, Profit Margin, Return on Asset, Return on Equity, Fixed Assets Turnover, Total Asset Turnover, and Market to Book Ratio categorized into five factors (solvability factor, liquidity factor, profitability factor, activity factor, and firm value factor) in predicting firm value. Data in this study were from manufacturing firms listed on Indonesia Stock Exchange during 2007-2012. Factor analysis was used to determine the best financial ratios in predicting firm value. The empirical result showed that Equity to Total Asset was the best financial ratio in predicting firm value.
Key words: activity ratio, firm value, liquidity ratio, profitability ratio, solvability ratio