RASIO KEUANGAN DAN PERPUTARAN BISNIS DIPROPERTI DAN PERUSAHAAN REAL ESTATE DI BURSA EFEK INDONESIA (BEI)

Abstract

The goal of this research is to examine the indicators of financial ratios of the most dominant as up stream and down stream, the dominant indicator of financial ratios can be used as early warning system. In this research the variables were observed using 40 independent variables and one variable dependent. This research uses a multivariate statistical analysis with Discriminant Technique.
The result of this research shows that discriminant function formed is significant with Wilk’s Lambda of 0.671 and p value of 0.001. Leverage Ratio, Profit Margin and Working Capital Turnover has a dominant influence on the conditions down stream and the present condition up stream is Asset To Equity Capital Ratio. Up stream condition index is used to detect a company that is growing to be entering a period of recession. Down stream condition index is used to detect a company that is under recession circumstances will enter a period of expansion with faster growth.
Keywords : Financial Ratio, Business Cycle, Up Stream and Down Stream