Article Per Year (5 Year)
p-Index From 2021 - 2026
0.23
P-Index
This Author published in this journals
All Journal Jurnal Ekonomi, Bisnis dan Manajemen
Muhamad Fikri
Universitas Muhammadiyah Sukabumi
Economics, Econometrics & Finance

Published : 1 Documents Claim Missing Document
Claim Missing Document
Check
Articles

Found 1 Documents
Search

 1 
Determinasi Perputaran Aset terhadap Nilai Perusahaan dengan Profitabilitas sebagai Variabel Mediasi Muhamad Fikri; Dicky Jhoansyah; Tetty Sufianty Zafar
Jurnal Ekonomi, Bisnis dan Manajemen Vol. 5 No. 3 (2026): Jurnal Ekonomi, Bisnis dan Manajemen (EBISMEN)
Publisher : FEB Universitas Maritim Semarang

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.58192/ebismen.v5i3.4547

Abstract

This study examines the determination of asset turnover on firm value with profitability as a mediating variable in property and real estate sector companies listed on the Indonesia Stock Exchange (IDX) for the period 2022–2024. Using a quantitative associative method with a sample of 71 companies (203 observations) selected through purposive sampling, data were analyzed using multiple linear regression, path analysis, and the Sobel test. The results show that: (1) asset turnover has a significant positive effect on profitability (ROA); (2) profitability does not significantly affect firm value (PBV); (3) asset turnover has a significant positive effect on firm value; and (4) profitability does not significantly mediate the effect of asset turnover on firm value. These findings suggest that operational efficiency directly shapes market valuation in the property sector, while the profitability channel does not serve as a significant intermediary. The study recommends that property companies prioritize asset utilization optimization as a core financial strategy, and that future research explore macroeconomic and non-financial variables to better account for the unexplained variance in firm value.
Co-Authors Dicky Jhoansyah Tetty Sufianty Zafar