THE EFFECT OF WORKING CAPITAL TURNOVER AND RETURN ON EQUITY ON THE DEBT TO EQUITY RATIO IN THE RETAIL TRADE SECTOR LISTED ON THE IDX

Arya Kurniawan; Januri Januri

Arya Kurniawan Universitas Muhammadiyah Sumatera Utara
Januri Januri Universitas Muhammadiyah Sumatera Utara

Abstract

Capital structure can be measured from the ratio of the ratio between total debt to assets which is usually measured through the Debt to Equity Ratio (DER) ratio. In its calculation, DER is calculated by means of debt divided by own capital, meaning that if the company's debt is higher than its own capital, the magnitude of the DER ratio is above one, so that the funds used for the company's operational activities are more than the debt element than its own assets (equity). In accordance with the problems posed in the study, the purpose of this study is to determine and analyze the effect of working capital turnover on the Debt to Equity Ratio (DER) in the Retail Trade Sector listed on the Indonesia Stock Exchange. To find out and analyze the effect of Return On Equity (ROE) on the Debt to Equity Ratio (DER) in the Retail Trade Sector listed on the Indonesia Stock Exchange. To find out and analyze the effect of working capital turnover and Return On Equity (ROE) together on the Debt to Equity Ratio (DER) in the Retail Trade Sector listed on the Indonesia Stock Exchange. There is a significant effect of Working Capital Turnover on the Debt To Equity Ratio (DER). Thereis a significant effect of Return On Equity (ROE) on the Debt to Equity Ratio (DER). Simultaneously, there is an effect of Working Capital Turnover and Debt to Equity Ratio (DER) on the Return On Equity (ROE) of retail trade sector companies listed on the Indonesia Stock Exchange.

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