EAJ (ECONOMICS AND ACCOUNTING JOURNAL)
Vol. 6 No. 1 (2023): EAJ (Economics and Accounting Journal)

Asset Turnover, Inventory Turnover, Dividend Policy and Profit Growth

Suhernah, Suhernah (Unknown)



Article Info

Publish Date
31 Jan 2023

Abstract

This study aims to determine the effect of total asset turnover, inventory turnover, and dividend policy on profit growth. Total asset turnover is measured using the ratio between sales and total assets, inventory turnover is measured using the ratio between the cost of goods sold and average inventory, and dividend policy is measured using the dividend payout ratio (DPR), which compares dividends per share with earnings per share. Meanwhile, profit growth is measured by subtracting the current period's profit from the previous period's profit and dividing it by the previous period's profit. This study's population is healthcare sector companies listed on the Indonesia Stock Exchange for 2017-2021. The number of samples in this study was 7 companies obtained through purposive sampling and obtained sample data of 35 data. This study's data type is secondary data with quantitative research methods. The analysis technique used is panel data regression analysis with a significance level of 3%. This research was processed using Eviews 9 software. It showed that (1) Total Asset Turnover had a significant effect on Profit Growth, (2) Inventory Turnover had a significant effect on Profit Growth, and (3) Dividend Policy had no significant effect on Profit Growth.

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Journal Info

Abbrev

EAJ

Publisher

Subject

Economics, Econometrics & Finance

Description

Economics and Accounting Journal (EAJ) is a publication media of scientific research in the field of accounting published by S1 Study Program of Accounting at Faculty of Economics, University of Pamulang periodically every four months with the aim as a medium of communication and disseminate ...