PENGARUH SOLVABILITAS DAN AKTIVITAS TERHADAP PROFITABILITAS PADA PT. SIANTAR TOP TBK SUB SEKTOR FOOD AND BEVERAGE PERIODE 2014-2023

Abstract

This study aims to determine the effect of Solvency and Activity on Profitability at PT Siantar Top Tbk, a company in the Food and Beverage sub-sector, during the 2014–2023 period. The research applies a quantitative approach with an associative research type. The data used are secondary data in the form of annual financial statements obtained from the official website of the company. The independent variables in this study are Solvency, measured by Debt to Equity Ratio (DER), and Activity, measured by Total Asset Turnover (TATO). The dependent variable is Profitability, measured by Return on Equity (ROE). Data analysis techniques include descriptive statistical analysis, classical assumption tests, multiple linear regression analysis, coefficient of determination test, and hypothesis testing using t-tests and F-tests. The results show that partially, Solvency (DER) has a negative and significant effect on Profitability, with a t-value of -2.643 which is greater in absolute value than the critical t-table value of 2.36462, and a significance value of 0.033, which is less than 0.05. Meanwhile, Activity (TATO) does not have a significant effect on Profitability, with a t-value of 1.586 < t-table 2.36462 and a significance value of 0.157 > 0.05. The simultaneous F-test shows that Solvency and Activity together do not have a significant effect on Profitability, with an F-value of 3.534 < F-table 4.74 and a significance value of 0.087 > 0.05. The Adjusted R Square value is 0.360, indicating that DER and TATO explain 36.0% of the variation in Profitability, while the remaining 64.0% is explained by other factors not included in this study