Analisis Pengaruh Sales Growth Dan Asset Turnover Terhadap Profit Growth Pada Perusahaan Pertambangan: Studi Empiris Menggunakan Regresi Data Panel

Ahmad Rifki Muharram (Program Studi Manajemen, Universitas Pamulang)
Supatmin (Program Studi Manajemen, Universitas Pamulang)

PARADUTA : Jurnal Ekonomi dan Ilmu-Ilmu Sosial
Vol 4 No 2 (2026): Juni

This study aims to examine the effect of Sales Growth and Asset Turnover on Profit Growth in mining companies listed on the Indonesia Stock Exchange during the 2021–2025 period. A quantitative approach was employed using panel data regression with the Random Effect Model (REM) selected through the Chow, Hausman, and Lagrange Multiplier tests. The findings reveal that Sales Growth has a significant positive effect on Profit Growth, while Asset Turnover has no significant effect. Simultaneously, both variables significantly influence Profit Growth, with the model explaining approximately 23% of the variation in Profit Growth. These results suggest that revenue expansion is the primary driver of profit growth in the mining sector, whereas asset efficiency alone does not directly translate into higher profits due to the capital-intensive nature of the industry