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All Journal Jurnal Bisnis Inovatif dan Digital
Oilia Puspa Indah Priyono
Universitas Bina Sarana Informatika
Decision Sciences, Operations Research & Management Economics, Econometrics & Finance

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Pengaruh Total Asset Turnover dan Net Profit Margin terhadap Return on Assets pada Perusahaan Sub Sektor Food and Beverage yang Terdaftar di BEI Tahun 2021–2025 Oilia Puspa Indah Priyono; Irwin Ananta Vidada; Rina Lestari
Jurnal Bisnis Inovatif dan Digital Vol. 3 No. 3 (2026): Juli: Jurnal Bisnis Inovatif dan Digital
Publisher : Asosiasi Riset Ilmu Manajemen Kewirausahaan dan Bisnis Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.61132/jubid.v3i3.1535

Abstract

A company’s financial performance is one of the important indicators for assessing its ability to generate profits. In food and beverage subsector companies, profitability, as measured by Return on Assets (ROA), is presumed to be influenced by the efficiency of asset utilization through Total Asset Turnover (TATO) and the ability to generate net profit through Net Profit Margin (NPM). This study aims to determine the effects of TATO and NPM on ROA in food and beverage subsector companies listed on the Indonesia Stock Exchange from 2021 to 2025. The study employs a quantitative method using secondary data in the form of annual financial statements. The study population consists of 83 companies, while the sample was determined using the purposive sampling technique, resulting in 14 companies with 70 observations. Data analysis was conducted using multiple linear regression with the assistance of SPSS version 25. The results show that TATO has a significance value of 0.480 > 0.05, indicating that it does not have a significant partial effect on ROA. Meanwhile, NPM has a significance value of 0.000 < 0.05, indicating a significant effect on ROA. Simultaneously, TATO and NPM have a significant effect on ROA, with a coefficient of determination (R²) of 92.3%, while the remaining 7.7% is influenced by other variables outside the study. Thus, NPM plays a more dominant role in increasing profitability than TATO.
Co-Authors Irwin Ananta Vidada Rina Lestari