The Analysis of Factors Affected Profit Growth (Study on Food and Beverage Companies Listed in IDX 2018-2022)
Keywords:
ROA, DER, TATO, Company size, profit growthAbstract
This paper aims are to provide an analysis of Return on Assets, Debt to Equity Ratio, Current Ratio, Total Asset Turn Over, Company Size effect on Profit Growth in Food and Beverage Companies listed on the IDX in 2018-2022. This quantitative method used purposive sampling which the number of samples obtained was 27 companies. This research analysis method uses Multiple Linear Regression Analysis and several types of evaluation using the help of SmartPLS Software. The result show that Return on Assets and Debt to Equity Ratio had positive and significant effect to Profit Growth, but Current Ratio, Total Asset Turn Over, Company Size had no significant effect. The implication of this study is to enrich The Signaling Theory which is proven by the existence of signals from the company's ROA and DER which are used as a basis for making investment decisions in the capital market, especially in the food and beverage industry.
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