<![CDATA[This research aims to examine the influence of sales growth (SG), current ratio (CR), debt to equity ratio (DER), intellectual capital (IC), and firm size (SIZE) on financial performance (ROA) in coal industry energy sector companies listed on the Indonesia Stock Exchange (IDX) in the period 2020 to 2022 when coal prices increased significantly. The sampling method used is purposive sampling technique and there are 22 coal industry energy sector companies listed on the Indonesia Stock Exchange from 2020 to 2022. The data were analyzed using the panel data linear regression method with EViews 12. The research results showed that current ratio, intellectual capital, and firm size have a positive and significant effect on financial performance (ROA). Meanwhile, sales growth and debt to equity ratio variables have no significant effect on financial performance (ROA). These research findings show that companies should pay attention to liquidity, intellectual capital development, and corporate growth strategies to improve financial performance. Penelitian ini bertujuan untuk menguji pengaruh dari sales growth (SG), current ratio (CR), debt to equity ratio (DER), intellectual capital (IC), dan firm size (SIZE) terhadap kinerja keuangan (ROA) pada perusahaan sektor energi industri batu bara yang tercatat di Bursa Efek Indonesia (BEI) pada periode tahun 2020 hingga 2022 di saat harga batu bara meningkat secara signifikan. Metode sampel yang digunakan, yaitu teknik purposive sampling serta terdapat 22 perusahaan sektor energi industri batu bara yang terdaftar di Bursa Efek Indonesia pada periode 2020 hingga 2022. Data dianalisis dengan metode regresi linear data panel dengan menggunakan EVIEWS 12. Hasil penelitian menunjukkan bahwa current ratio, intellectual capital, dan firm size berpengaruh positif dan signifikan pada kinerja keuangan (ROA). Sedangkan variabel sales growth dan debt to equity ratio tidak berpengaruh signifikan pada kinerja keuangan (ROA). Implikasi hasil penelitian ini, yaitu perusahaan perlu memperhatikan likuiditas, pengembangan modal intelektual, dan strategi pertumbuhan perusahaan untuk meningkatkan kinerja keuangan.]]>
