ANALYSIS OF FINANCIAL RATIOS TO MEASURE FINANCIAL PERFORMANCE AND ITS EFFECTS ON DIVIDEND PAYOUT RATIO IN PT. TELKOM INDONESIA
DOI:
https://doi.org/10.52630/jmbv.v11.i02.83Keywords:
Financial Ratios, Financial Performance, Dividend Payout RatioAbstract
This study aims to analyze financial performance and determine its effect on dividend payout ratio based on financial ratios in terms of total asset turnover, current ratio, debt to equity ratio and earnings per share.
This study uses financial ratios as a means of analyzing financial performance and multiple regression analyses to determine its effect. While the population in this study is PT. Telkom Indonesia, Tbk, is listed on the Indonesia Stock Exchange (IDX). Where the sample used as a reference in this study is the financial statements of PT. Telkom Indonesia, Tbk which announced the financial statements per semester during the period 2015 – 2018
The results of this study indicate that after an analysis of financial performance by reviewing each financial ratio that the financial condition of PT. Telkom Indonesia, Tbk is in good condition because the average scores and graphs shown from each semester show good conditions. After testing the hypothesis by looking at the results of the F test that the dependent variable represented by the dividend payout ratio has a significant effect on financial performance and t-test results that the earning per share variable has a significant negative effect on the dividend payout ratio.
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