PENGARUH DEBT TO EQUITY RATIO, TOTAL ASSET TURNOVER, DAN NET PROFIT MARGIN TERHADAP PERTUMBUHAN LABA PADA PT JAPFA COMFEED INDONESIA TBK PERIODE 2015-2024
DOI:
https://doi.org/10.58174/9naq4c48Keywords:
Debt to Equity Ratio; Total Asset Turnover; Net Profit Margin; Pertumbuhan Laba, Debt to Equity Ratio, Total Asset Turnover, Net Profit Margin, Profit GrowthAbstract
This research aims to analyze and determine the effect of Debt to Equity Ratio, Total Asset Turnover, and Net Profit Margin on Profit Growth at PT Japfa Comfeed Indonesia Tbk for the period 2015-2024. The method used is quantitative research. The research sample was carried out using purposive sampling method. Data was collected from financial performance reports in 2015-2024, then analyzed using SPSS statistical software with descriptive statistical analysis techniques, classical assumption tests, multiple linear regression tests, hypothesis tests, and coefficient of determination tests. The results showed that the Debt to Equity Ratio variable partially had no significant effect on earnings growth with a tcount value (-0,303) < t table (2,447) and a significance value of 0,772 > 0,05. Total Asset Turnover partially also has no significant effect on earnings growth with a tcount value (1,297) < t table (2,447) and a significance value of 0,242 > 0,05. And the Net Profit Margin variable partially has no significant effect on profit growth with a tcount value (1,888) > ttable (2,447) and a significance value of 0,108 < 0,05. And simultaneously, the three variables have a significant effect on profit growth, indicated by the value of Fcount (7,345) > Ftable (4,737) and a significance value of 0,020 < 0,05. This research concludes that Net Profit Margin is the main factor that has a significant effect on earnings growth, while Debt to Equity Ratio and Total Asset Turnover do not have a significant effect partially. And based on the results of the coefficient of determination test shown by the Adjusted R Square values is 67,9%.
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