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All Journal Journal of Business Management and Economic Development
Waruwu, Lisman Putra Abadi
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Decision Sciences, Operations Research & Management Economics, Econometrics & Finance Industrial & Manufacturing Engineering Social Sciences Other

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The Influence of Liquidity, Solvency, and Activity Ratios on Profit Changes in Consumer Goods Companies Listed on the Indonesia Stock Exchange (IDX) Waruwu, Lisman Putra Abadi; Palupiningtyas, Dyah
Journal of Business Management and Economic Development Том 3 № 01 (2025): Journal of Business Management and Economic Development
Publisher : PT. Riset Press International

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.59653/jbmed.v3i01.1452

Abstract

This study examines the effect of liquidity, solvency, and activity ratios on profit changes of consumer goods companies listed on the Indonesia Stock Exchange (IDX) from 2018-2022. Using purposive sampling, 30 companies were selected. Secondary data from financial statements was analyzed using multiple linear regression. The results show that current ratio (CR) and total asset turnover (TATO) have a significant positive effect, while debt-to-equity ratio (DER) has a significant negative effect on profit changes. These findings align with signaling theory and the DuPont model. The study contributes to financial ratio analysis research and offers practical implications for company management and investors in evaluating financial performance and making decisions. Future research should expand the sample, explore other ratios and variables, and examine different sectors.
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