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The Effect Of Profitability, Liquidity, And Company Growth On Asset Structure Sabrina Rizky Amalia; Nabila Rahmadayanti; Sindy Larasasti; Putri Utami Permata Sari; Meigia Nidya Sari
International Journal of Economic Research and Financial Accounting Vol 3 No 2 (2025): IJERFA JANUARY 2025
Publisher : CV. AFDIFAL MAJU BERKAH

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.55227/ijerfa.v3i2.297

Abstract

This study is intended to explain the impact of profitability, liquidity, and firm growth on asset structure. The sample in this study includes 138 data selected from 48 industrial companies in IDX for 4 years using purposive sampling system. The data analysis technique used for this research includes panel data regression analysis processed with the help of Eviews 12 application. The results show that profitability and firm growth have a negative effect on asset structure, while liquidity does not have any effect on asset structure.
Analisis Kinerja Perusahaan melalui Analisis Dupont pada PT. Tjiwi Kimia Tbk Sindy Larasasti; Putri Utami Permata Sari; Suci Ramadhani; Fitri Yani Panggabean
MENAWAN : Jurnal Riset dan Publikasi Ilmu Ekonomi Vol. 3 No. 4 (2025): Juli: MENAWAN: Jurnal Riset dan Publikasi Ilmu Ekonomi
Publisher : Asosiasi Riset Ekonomi dan Akuntansi Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.61132/menawan.v3i4.1483

Abstract

This research was conducted to analyze and understand the performance of the company PT Tjiwi Kimia Tbk with the Dupont system as an analytical tool. The data used in this study are secondary data, namely the company’s financial statements sourced through the IDX with the observation period 2020-2024. In the analysis conducted, it was found that the performance of the company PT Tjiwi Kimia in 2020-2024 was not good. This is because although the company showed a good ability to manage sales profitability (NPM) in several years and control the use of good debt (declining EM), the lack of efficient use of assets hindered the company’s ability to generate optimal returns for shareholders which resulted in a low ROE value. In signaling theory, a declining Equity Multiplier trend indicates a positive signal to investors regarding prudent debt management and more controllable financial risks. However, the low ROE value indicates a negative signal that the company needs to improve to increase investor confidence in profitability prospects.