Analysis of Financial Performance Determinants on Earnings Dynamics in Food and Beverage Manufacturing Companies

Tri Rahayu (Sekolah Tinggi Ilmu Ekonomi Atma Bhakti)
Handayani Tri Wijayanti (Sekolah Tinggi Ilmu Ekonomi Atma Bhakti)

Formosa Journal of Multidisciplinary Research (FJMR)
Vol. 4 No. 4 (2025): April 2025

This research investigates factors influencing financial performance and earnings dynamics in food and beverage companies indexed on the Indonesia Stock Exchange (IDX) from 2022 to 2023. Using a quantitative approach, secondary data from financial statements were analyzed, focusing on financial ratios: Current Ratio (CR), Inventory Turnover (ITO), Net Profit Margin (NPM), Operating Expenses (BYO), and Equity to Asset Ratio (EAR). Classical assumption tests and multiple linear regression were conducted using IBM SPSS Statistics 25. Results showed CR and ITO had a positive insignificant on net income changes. NPM had a negative insignificant effect, BYO showed a positive significant effect, and EAR had a negative significant effect. These findings help companies optimize costs and capital structure, contributing to financial literature post-COVID-19.