Laurensia Stepy Natalie
Program Studi Manajemen Fakultas Ekonomi Dan Bisnis Universitas Pamulang Tangerang Selatan

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The Influence of Capital Structure and Asset Efficiency on Profitability at PT Bumi Serpong Damai TBK for the 2014-2025 Period Laurensia Stepy Natalie; Hadijah Febriana
Escalate : Economics and Business Journal Vol. 4 No. 4 (2026): Escalate : Economics and Business Journal
Publisher : Takaza Innovatix Labs Ltd.

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.61536/escalate.v4i4.775

Abstract

This research is motivated by the fluctuations in profitability of PT Bumi Serpong Damai Tbk as well as changes in capital structure and asset efficiency during the period 2014–2025. This study aims to analyze the effect of Capital Structure proxied by Debt to Equity Ratio (DER) and Asset Efficiency proxied by Total Asset Turnover (TATO) on Profitability proxied by Return on Equity (ROE). The study uses a causal associative method with a quantitative approach. The population and sample are in the form of financial statements of PT Bumi Serpong Damai Tbk for the period 2014–2025. Data were obtained through documentation and analyzed using multiple linear regression, t-test, F-test, and coefficient of determination with SPSS 25. The results showed that DER had no effect on ROE, while TATO had an effect on ROE. Simultaneously, DER and TATO had an effect on ROE with an Adjusted R Square of 59.5%. In conclusion, asset efficiency is a factor that influences profitability, while capital structure has not partially shown an effect on company profitability.