PENGARUH RASIO LIKUIDITAS, SOLVABILITAS, DAN AKTIVITAS TERHADAP PERTUMBUHAN LABA DI PERUSAHAAN SUB SEKTOR FOOD AND BEVERAGE YANG TERDAFTAR DI BURSA EFEK INDONESIA PERIODE 2017 – 2021
Keywords:
Current Ratio, Debt to Equity Ratio, Total Asset Turnover, Profit GrowthAbstract
Purpose: The purpose of this study is to analyze the impact of financial ratios, including liquidity, solvency, and activity ratios, on profit growth in the Indonesian food and beverage industry during the COVID-19 pandemic. The study aims to evaluate the financial performance of the sector to determine its attractiveness as an investment option amidst the economic downturn caused by the pandemic..
Design/Methodology/approach: This research uses a quantitative methodology with multiple linear regression analysis to assess the relationships between financial ratios and profit growth. The sample consists of 7 food and beverage companies, with a total of 40 data points analyzed using SPSS version 25.
Findings: The results of the study indicate that none of the financial ratios—liquidity, solvency, and activity—had a significant effect on profit growth individually. Additionally, when considered simultaneously, the combined influence of liquidity, solvency, and activity ratios did not show any significant impact on profit growth in the food and beverage sector during the COVID-19 pandemic.
Research Implications: This research provides insights into the financial performance of the food and beverage sector during a period of economic instability. The lack of significant findings on the impact of financial ratios on profit growth suggests that other factors beyond these ratios might play a more crucial role in determining profit growth in the sector, particularly in times of crisis like the COVID-19 pandemic.
Originality / Value: This study contributes to the literature by offering a focused analysis of the financial performance of the Indonesian food and beverage industry during the pandemic. The findings are valuable for investors and stakeholders in the sector who seek to understand the financial health of companies amid ongoing challenges.
Keywords: Current Ratio, Debt to Equity Ratio, Total Asset Turnover, Profit Growth
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