JEKAMI: Journal of Accounting
Vol. 6 No. 1 (2026): January 2026

The Influence of Quich Ratio, Gross Profit Margin and Total Asset Turnover on Profit Growth at PT. Food Sejahtera Tbk

Fadilatul Kodriah (Management Study Program, Sekolah Tinggi Ilmu Ekonomi Bima, West Nusa Tenggara, Indonesia)
Aliah Pratiwi (Management Study Program, Sekolah Tinggi Ilmu Ekonomi Bima, West Nusa Tenggara, Indonesia)
M. Rimawan (Management Study Program, Sekolah Tinggi Ilmu Ekonomi Bima, West Nusa Tenggara, Indonesia)



Article Info

Publish Date
30 Jan 2026

Abstract

This study aims to examine the effect of financial performance indicators, namely Quick Ratio (QR), Gross Profit Margin (GPM), and Total Asset Turnover (TATO), on profit growth at PT Food Sejahtera Tbk, a company listed on the Indonesia Stock Exchange during the 2014–2023 period. The research employs a quantitative associative approach using secondary data derived from the company’s annual financial statements. The analysis method applied is multiple linear regression, supported by classical assumption tests, including normality, multicollinearity, heteroscedasticity, and autocorrelation tests, as well as hypothesis testing through t-test and F-test. The results indicate that partially, QR, GPM, and TATO do not have a significant effect on profit growth. Simultaneously, these variables also show no significant influence on profit growth. The coefficient of determination (R²) value of 0.547 suggests that 54.7% of the variation in profit growth can be explained by the three independent variables, while the remaining 45.3% is influenced by other factors not included in this study. These findings imply that liquidity, profitability, and asset utilization efficiency are not the main determinants of profit growth in the observed company. Therefore, it is recommended that management consider other strategic factors such as operational efficiency, marketing strategies, and product innovation to enhance profit growth performance in the future.

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Journal Info

Abbrev

akuntansi

Publisher

Subject

Economics, Econometrics & Finance

Description

JEKAMI: Journal of Accounting has e-ISSN 3021-7407 published by Pustaka Digital Indonesia, this journal publishes research articles in the field of Economics. This journal publishes research studies using various qualitative and/or quantitative methods and approaches in the field of Economics. This ...