Hendri Prasetyo
Program Studi Manajemen Fakultas Ekonomi Dan Bisnis Universitas Pamulang Tangerang Selatan

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The Effect of Sales Growth and Operating Expenses on Net Profit at PT. Indofarma Tbk for the 2015-2024 Period Ghevira Reviani; Hendri Prasetyo
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.v4i4.784

Abstract

This study examines the relationship between sales growth, operating expenses, and net profit at PT Indofarma Tbk during 2015–2024. Using a quantitative approach, the study analyzes secondary data from 10 annual financial statements. Data were analyzed using descriptive statistics, classical assumption tests, multiple linear regression, and t-tests and F-tests with SPSS version 26. The results indicate that sales growth has a positive and statistically significant relationship with net profit ((t = 2.954); (p = 0.021)). Operating expenses also show a positive and statistically significant relationship with net profit ((t = 8.329); (p < 0.001)). Jointly, both variables are statistically significant in the model ((F = 38.182); (p < 0.001)). The (R^2) value of 0.916 indicates that the model accounts for 91.6% of the variation in net profit within the observed sample. The positive operating expense coefficient should be interpreted in the context of the study’s measurement and the company’s financial data, rather than as evidence that higher expenses necessarily improve performance.
The Effect of Operating Cash Flow, Investing Cash Flow, and Financing Cash Flow on the Net Profit Margin of PT. Mitra Adiperkasa, Tbk for the Period 2015-2024 Ladiva Putri Marlian; Hendri Prasetyo
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.v4i4.787

Abstract

This study aims to determine the effect of Operating Cash Flow, Investment Cash Flow, and Funding Cash Flow on Net Profit Margin at PT Mitra Adiperkasa Tbk for the 2015-2024 period. This study uses a quantitative method with an associative type of research. The data used secondary data obtained from the company's financial statements during the research period. The sampling technique uses purposive sampling with samples in the form of company financial statements for the period 2015–2024. The data analysis techniques used were descriptive statistics, classical assumption tests, multiple linear regression tests, model feasibility tests, and hypothesis tests (t-tests and F-tests) with the help of SPSS version 26. The results showed that Operating Cash Flow had no significant effect on Net Profit Margin with a t-calculated value (0.049) and a significant value (0.962). Investment Cash Flow also had no significant effect on Net Profit Margin with a t-calculated value (1.818) and a significant value (0.119). Furthermore, Funding Cash Flow had no significant effect on Net Profit Margin with a t-calculated value (-0.733) and a significant value (0.491). Simultaneously, Operating Cash Flow, Investment Cash Flow, and Funding Cash Flow had no significant effect on Net Profit Margin with an F-calculated value (1.202) and a significant value (0.386). The coefficient of determination (R2) with an Adjusted R Square value of 0.063 or 6.3% shows that the ability of the regression model to explain the variation in Net Profit Margin is relatively low. This value indicates that the variables of Operating Cash Flow, Investment Cash Flow, and Funding Cash Flow have not been able to explain the variation in Net Profit Margin well, so that the variation in Net Profit Margin is more influenced by other factors outside the study.