The Effect of Return on Assets (ROA), Current Ratio (CR), Net Profit Margin (NPM), Debt to Equity Ratio (DER), and Firm Size (SIZE) on Profit Growth in Food and Beverage Sub-Sector Companies Listed on the Indonesia Stock Exchange for the 2020-2024 Period
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Abstract
The purpose of this study is to analyze the simultaneous, partial, and
variable effects of Return on Assets (ROA), Current Ratio (CR), Net
Profit Margin (NPM), Debt to Equity Ratio (DER), and Firm Size (SIZE)
on Profit Growth in food and beverage companies listed on the
Indonesia Stock Exchange for the period 2020-2024. The data used in
this study is secondary data with 208 samples. The analytical tools used
in this study are Descriptive Statistics Test, Classical Assumption Test,
Multiple Linear Regression Test, and Hypothesis Test. The results of
the study indicate that ROA, CR, NPM, DER, and SIZE simultaneously
affect Profit Growth. Partially, ROA and DER affect Profit Growth,
while CR, NPM, and SIZE do not affect Profit Growth in companies in
the food and beverage sub-sector for the period 2020-2024, and the
dominant variable is DER.
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