M. Rimawan, M. Rimawan
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Analisis Pengaruh Rasio Keuangan Terhadap Pertumbuhan Laba Pada PT. Phapros Tbk. Istiqomah, Yuyun; M. Rimawan, M. Rimawan; Muthiah, Hanifah
EBISMA : Jurnal Ekonomi, Bisnis, Manajemen dan Akuntansi Vol. 2 No. 01 (2025): EBISMA : Jurnal Ekonomi, Bisnis, Manajemen dan Akuntansi
Publisher : EBISMA : Jurnal Ekonomi, Bisnis, Manajemen dan Akuntansi

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Abstract

This study aims to analyze the effect of financial ratios on profit growth at PT. Phapros Tbk. The financial ratio variables used include Net Profit Margin (NPM), Debt to Equity Ratio (DER), and Total Asset Turnover (TATO). This research employs a quantitative approach with secondary data from the company's annual financial statements for the period 2014–2023. Data analysis was conducted using multiple linear regression to examine both partial and simultaneous effects of the variables. The results show that NPM has a significant partial effect on profit growth, while DER and TATO do not have a significant partial effect. Simultaneously, all three independent variables significantly influence profit growth. These findings indicate that profitability is the dominant factor in the company's profit growth and can serve as a reference for management in formulating more effective financial strategies, as well as for investors in making investment
Analisis Rasio Profitabitas Terhadap Harga Saham Pada PT Indo Tambangraya Megah (ITMG) TBK Gunawan, Sahrun; M. Rimawan, M. Rimawan; Mukhlis, Mukhlis
EBISMA : Jurnal Ekonomi, Bisnis, Manajemen dan Akuntansi Vol. 2 No. 01 (2025): EBISMA : Jurnal Ekonomi, Bisnis, Manajemen dan Akuntansi
Publisher : EBISMA : Jurnal Ekonomi, Bisnis, Manajemen dan Akuntansi

Show Abstract | Download Original | Original Source | Check in Google Scholar

Abstract

This study aims to analyze the effect of profitability ratios, namely Return on Assets (ROA) and Net Profit Margin (NPM), on the stock price of PT Indo Tambangraya Megah (ITMG) Tbk. The research sample consists of 10 annual company data obtained from ITMG’s financial statements. The analysis method employed is multiple linear regression, with classical assumption tests (normality, multicollinearity, heteroscedasticity, and autocorrelation) conducted to ensure the validity of the model. The results indicate that ROA has a significant partial effect on the stock price, while NPM does not have a significant effect. Simultaneously, ROA and NPM have a significant influence on the stock price, with a coefficient of determination (R²) of 0.708, meaning that 70.8% of the variation in stock prices can be explained by these two variables. This study implies that profitability ratios can serve as important indicators for investors in assessing company value.