DAFTAR ISI

LEMBAR PERSETUJUAN .......................................................................... i

LEMBAR PENGESAHAN ........................................................................... ii
LEMBAR PERNYATAAN ........................................................................... iii
RIWAYAT HIDUP
MOTTO
PERSEMBAHAN
ABSTRAK ...................................................................................................... iv
KATA PENGANTAR .................................................................................... v
DAFTAR ISI ................................................................................................... ix
DAFTAR TABEL........................................................................................... xii
DAFTAR GAMBAR ...................................................................................... xiv
DAFTAR GRAFIK....................................................................................... xv
BAB I PENDAHULUAN ............................................................................... 1
A. Latar Belakang Masalah ................................................................ 1
B. Identifikasi dan Rumusan Masalah ............................................... 10
C. Tujuan Penelitian........................................................................... 11
D. Kegunaan Penelitian...................................................................... 11
BAB II KAJIAN PUSTAKA, KONSEP DAN TEORI, KERANGKA
BERPIKIR DAN HIPOTESIS........................................................ 14
A. Kajian Penelitian Terdahulu ....................................................... 14
B. Konsep dan Teori ........................................................................ 18
1. Saham Syariah........................................................................ 18
a. Pengertian Saham Syariah ................................................. 18
b. Landasan Hukum Saham Syariah ...................................... 19
c. Keuntungan dan Kerugian Investasi Saham ...................... 21
d. Manfaat Investasi Saham................................................... 22
2. Indeks Saham Syariah Indonesia .......................................... 23
a. Sejarah dan Pengertian Indeks Saham Syariah
Indonesia ........................................................................... 24
b. Metode Perhitungan Indeks Saham Syariah Indonesia ..... 25
3. Inventory Turnover................................................................. 26
a. Pengertian Inventory Turnover .......................................... 26
b. Landasan Hukum Inventory Turnover ............................. 26
c. Unsur-Unsur Inventory Turnover ...................................... 28
d. Cara Menghitung Inventory Turnover ............................... 29
e. Korelasi Inventory Turnover terhadap Net Profit
Margin .............................................................................. 30
4. Working Capital Turnover ..................................................... 31
a. Pengertian Working Capital Turnover ............................. 31
b. Landasan Hukum Working Capital Turnover .................. 31
c. Unsur-Unsur Working Capital Turnover .......................... 33
d. Cara Menghitung Working Capital Turnover .................. 36
e. Korelasi Working Capital Turnover terhadap Net Profit
Margin ............................................................................... 36

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5. Net Profit Margin ................................................................... 37

a. Pengertian Net Profit Margin ........................................... 37
b. Landasan Hukum Net Profit Margin ................................. 38
c. Unsur-Unsur Net Profit Margin ........................................ 39
d. Cara Menghitung Net Profit Margin ................................. 40
e. Faktor-faktor yang mempengaruhi Net Profit Margin ...... 41
f. Korelasi Net Profit Margin dengan Inventory Turnover
dan Working Capital Turnover.......................................... 42
C. Kerangka Berpikir .................................................................. 43
D. Hipotesis .................................................................................. 44
BAB III METODOLOGI PENELITIAN .................................................... 46
A. Obyek Penelitian ........................................................................ 46
B. Metode Penelitian ....................................................................... 46
C. Jenis Data Penelitian ................................................................... 47
D. Sumber Data Penelitian ............................................................. 47
E. Operasional Variabel .................................................................. 48
F. Teknik Pengumpulan Data.......................................................... 49
G. Analisis Data .............................................................................. 50
1. Analisis Deskriptif ................................................................. 51
2. Uji Asumsi Klasik .................................................................. 51
a. Uji Normalitas Data........................................................... 51
b. Uji Multikolinearitas ......................................................... 51
c. Uji Heteroskedastisitas ...................................................... 52
d. Uji AutoKorelasi ............................................................... 52
3. Analisis Kuantitatif ................................................................ 53
a. Analisis Regresi ................................................................. 53
b. Analisis Korelasi ............................................................... 55
c. Analisis Determinasi ......................................................... 57
d. Analisis Uji Hipotesis ........................................................ 58
BAB IV HASIL PENELITIAN DAN PEMBAHASAN .............................. 62
A. Hasil Penelitian ........................................................................... 62
1. Gambaran Umum PT Mustika Ratu Tbk ............................. 62
a. Sejarah Berdirinya PT Mustika Ratu Tbk ....................... 65
b. Visi dan Misi PT Mustika Ratu Tbk ............................... 65
2. Analisis Deskriptif ............................................................... 65
a. Analisis Inventory Turnover PT Mustika Ratu Tbk........ 66
b. Analisis Working Capital Turnover PT Mustika Ratu
Tbk .................................................................................. 68
c. Analisis Net Profit Margin PT Mustika Ratu Tbk .......... 70
3. Uji Asumsi Klasik ................................................................ 74
a. Uji Normalitas ................................................................. 74
b. Uji Multikolinearitas ....................................................... 77
c. Uji Autokorelasi .............................................................. 78
d. Uji Heteroskedastisitas.................................................... 79
4. Analisis Kuantitatif .............................................................. 80
a. Analisis Pengaruh Inventory Turnover (ITO) Secara
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Parsial terhadap Net Profit Margin ................................. 82

1) Analisis Regresi Linier Sederhana ........................... 82
2) Analisis Korelasi Pearson Product Moment............ 85
3) Analisis Koefisien Determinasi ............................... 87
4) Analisis Uji t (Parsial) .............................................. 88
b. Analisis Pengaruh Working Capital Turnover (WCTO)
Secara Parsial terhadap Net Profit Margin ..................... 91
1) Analisis Regresi Linier Sederhana ........................... 91
2) Analisis Korelasi Pearson Product Moment............ 94
3) Analisis Koefisien Determinasi ............................... 95
4) Analisis Uji t (Parsial) .............................................. 97
c. Analisis Pengaruh Inventory Turnover dan Working
Capital Turnover (WCTO) Secara Simultan
terhadap Net Profit Margin (NPM) ................................ 100
1) Analisis Regresi Linier Berganda ............................ 100
2) Analisis Korelasi Simultan ...................................... 105
3) Analisis Koefisien Determinasi ............................... 106
4) Analisis Uji F (Simultan) ......................................... 108
B. Pembahasan .............................................................................. 110
1. Pengaruh Inventory Turnover (ITO) Secara Parsial
Terhadap Net Profit Margin (NPM) pada PT Mustika
Ratu Tbk .............................................................................. 110
2. Pengaruh Working Capital Turnover (WCTO) Secara
Parsial Terhadap Net Profit Margin (NPM) pada
PT Mustika Ratu Tbk........................................................... 113
3. Pengaruh Inventory Turnover (ITO) dan Working Capital
Turnover (WCTO) Secara Simultan terhadap Net Profit
Margin pada PT Mustika Ratu Tbk ..................................... 115
BAB V PENUTUP .......................................................................................... 119
A. Simpulan ..................................................................................... 119
B. Saran ........................................................................................... 120
DAFTAR PUSTAKA ..................................................................................... 122
LAMPIRAN