Rizkia Amelia Hanum

Pengaruh Return on Assets, Current Ratio, Dan Debt to Equity Ratio Terhadap Pertumbuhan Laba Pada Perusahaan Sektor Konstruksi Yang Terdaftar di Bursa Efek Indonesia

Introduction

Pengaruh return on assets, current ratio, dan debt to equity ratio terhadap pertumbuhan laba pada perusahaan sektor konstruksi yang terdaftar di bursa efek indonesia. Pelajari pengaruh Return on Assets (ROA), Current Ratio, & Debt to Equity Ratio terhadap pertumbuhan laba perusahaan konstruksi di BEI 2021-2023. ROA berpengaruh positif signifikan.

Abstract

Penelitian ini bertujuan untuk mengetahui dan menganalisis pengaruh Return on Assets (ROA), Current Ratio (CR), dan Debt to Equity Ratio (DER) terhadap pertumbuhan laba pada perusahaan sektor konstruksi yang terdaftar di Bursa Efek Indonesia periode 2021-2023. Latar belakang penelitian ini didasarkan pada adanya ketidaksesuaian antara teori dan data empiris terkait hubungan rasio keuangan dengan pertumbuhan laba, serta temuan studi sebelumnya yang masih menunjukkan hasil yang beragam. Populasi dalam penelitian ini adalah perusahaan konstruksi yang terdaftar di Bursa Efek Indonesia. Pengambilan sampel menggunakan teknik purposive sampling, dengan kriteria perusahaan konstruksi yang tercatat di Bursa Efek Indonesia dan secara konsisten menyampaikan laporan keuangan selama periode pengamatan. Penelitian ini menggunakan pendekatan kuantitatif, dengan metode analisis regresi data panel. Dari hasil penelitian terpilih model terbaik yang digunakan dalam analisis, yaitu Common Effect Model (CEM) dan ditemukan bahwa ROA memiliki pengaruh positif signifikan terhadap pertumbuhan laba. Temuan ini diharapkan dapat menambah wawasan empiris terkait pengaruh rasio keuangan terhadap pertumbuhan laba, serta menjadi acuan bagi manajer, investor, dan pembuat kebijakan dalam merumuskan strategi keuangan yang lebih optimal.

Review

This study investigates the influence of Return on Assets (ROA), Current Ratio (CR), and Debt to Equity Ratio (DER) on profit growth among construction companies listed on the Indonesia Stock Exchange between 2021 and 2023. The research addresses a critical gap stemming from inconsistencies between theoretical frameworks and empirical data, as well as divergent findings in prior studies concerning the relationship between financial ratios and profit growth. Focusing on the Indonesian construction sector provides a valuable industry-specific context, given its unique operational characteristics and economic significance within the region. The motivation for the study is well-articulated, highlighting the need for further empirical evidence in this specific domain. Methodologically, the study adopts a quantitative approach, utilizing panel data regression to analyze the relationships between the chosen financial ratios and profit growth. The selection of sample companies was carried out using purposive sampling, targeting consistently reporting construction firms on the IDX. Notably, the Common Effect Model (CEM) was identified as the most suitable model for analysis, indicating a robust choice for the dataset. The primary finding reveals a significant positive influence of Return on Assets (ROA) on profit growth. However, the abstract does not explicitly state the findings for Current Ratio (CR) and Debt to Equity Ratio (DER), which, while common for an abstract, would be crucial details for a comprehensive understanding in the full paper. The identified positive and significant impact of ROA on profit growth offers a valuable empirical insight, reinforcing the importance of efficient asset utilization for profitability within the Indonesian construction sector. This finding holds practical implications for various stakeholders, including managers, investors, and policymakers, guiding them in formulating more effective financial strategies. To further enhance its contribution, the complete study would benefit from a detailed discussion on the implications of the other two ratios (CR and DER), regardless of their statistical significance, and potentially exploring underlying contextual factors within the Indonesian market that shape these relationships.

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