The Effect of Liquidity and Solvency on Profitability of Primary Consumer Goods Sector Companies

Authors

  • Rizal Indra Tjahya Institut Bisnis Muhammadiyah Bekasi
  • Rifqi Riansyah Institut Bisnis Muhammadiyah Bekasi

DOI:

https://doi.org/10.55927/crypto.v3i2.12936

Keywords:

liquidity, current ratio, solvency, debt to equity ratio, profitability, profit margin

Abstract

This study analyzes the influence of liquidity and solvency on the profitability of primary consumer goods companies listed on the Indonesia Stock Exchange from 2020 to 2022. Three-year financial statements were collected from 42 companies using the purposive sampling method. The variables X1 liquidity (CR), X2 solvency (DER), and Y are profitability (NPM). The results of multiple linear regression analysis explain that liquidity and solvency simultaneously have a significant effect on profitability, but partially each ratio does not show a significant effect. This study shows that companies need to consider additional factors such as operational efficiency and market conditions to improve the profitability of each company.

Downloads

Download data is not yet available.

References

Al Umar, A. U. A., Arinta, Y. N., Anwar, S., Savitri, A. S. N., & Faisal, M. A. (2020). Pengaruh Profitabilitas Terhadap Harga Saham Pada Jakarta Islamic Index: Struktur Modal Sebagai Variabel Intervening. Inventory: Jurnal Akuntansi, 4(1), 22. https://doi.org/10.25273/inventory.v4i1.6297

Arif, M. F., Anwar, & Wijayanti, N. A. (2021). Akuntansi Keuangan Menengah 1. In 1 (p. 496). Salemba Empat.

Indraswari, T., & Alfiadi, M. (2023). Pengaruh current ratio dan debt to equity ratio terhadap net profit margin pada PT bumi serpong damai Tbk. PERKUSI: Pemasaran, Keuangan & Sumber Daya Manusia, 3(April), 351–358.

Kasmir. (2021). Analisis Rasio Keuangan (S. Rinaldy (ed.); 13th ed.). Rajawali Pers.

Intruksi Mentri Dalam Negeri (INMENDAGRI) Nomor 15 Tahun 2021 tentang Pemberlakuan Pembatasan Kegiatan Masyarakat darurat Corona Virus Disease 2019 di wilayah Jawa dan Bali, Pub. L. No. 15, 6 (2021). https://ditjenbinaadwil.kemendagri.go.id/download/file/Instruksi_Menteri_Dalam_Nege ri_No_15_Tahun_2021.pdf

Meilan Sari, N. M. R., Jana Susila, G. P., & Sayang Telagawathi, N. L. W. (2020). Pengaruh likuiditas dan solvabilitas terhadap profitabilitas pada perusahaan pertambangan subsektor batu bara yang terdaftar di BEI. 11(2), 256–262.

Meilisa, P. R., Lasmini, L., & Nadeak, T. (2023). Pengaruh Likuiditas Dan Solvabilitas Terhadap Profitabilitas Pada Perusahaan Manufaktur Sub Sektor Makanan Dan Minuman Yang Terdaftar Di Bursa Efek Indonesia (Bei). Jurnal EKSEKUTIF Volume 18 No. 1 Juni 2021, 18(1), 51–63.

Peraturan Pemerintah (PP) Nomor 21 Tahun 2020 tentang Pembatasan Sosial Berskala Besar Dalam Rangka Percepatan Penanganan Coronavirus Disease 2019, Pub. L. No. 21, 8 (2020). https://jdih.setkab.go.id/PUUdoc/176085/PP_Nomor_21_Tahun_2020.pdf

Putri, Q. A., Natigor S, D. H., Sudaryo, Y., Sofiati (Efi), N. A., & Salman, A. (2022). ANALISIS CURRENT RATIO, DEBT TO EQUITY RATIO DAN TOTAL ASSET TURNOVER TERHADAP NET PROFIT MARGIN PADA PERUSAHAAN BUMN DALAM KLASTER NDHI PERIODE 2014-2018. Jurnal Indonesia Membangun, 21(01), 93–104. https://doi.org/10.56956/jim.v21i01.73

Wahyuningtyas, E. T., Primasari, N. S., ’Ilmi, Z., Majidi, L. M. S., Susesti, D. A., Khusnah, H., Ghofirin, M., & Putra, R. Si. (2021). Analisis Laporan Keuangan Syariah. In Bank Indonesia Provinsi Jawa Timur. Bank Indonesia Provinsi Jawa Timur.

Wati, U. A., & Delimah Pasaribu, V. L. (2022). Pengaruh Current Ratio Dan Debt To Asset Ratio Terhadap Net Profit Margin Pada Pt. Indocement Tunggal Prakarsa Tbk Periode 2012-2021. POINT: Jurnal Ekonomi Dan Manajemen, 4(2), 1–15. https://doi.org/10.46918/point.v4i2.1634

Widiani, P. (2019). Pengaruh current ratio, cash ratio, dan total assets turnover terhadap net profit margin pada industri makanan dan minuman periode 2013-2017. Science of Management and Students Research Journal, 1(3), 68–75. https://doi.org/10.33087/sms.v1i3.11

Downloads

Published

2024-12-27

How to Cite

Tjahya, R. I., & Riansyah, R. . (2024). The Effect of Liquidity and Solvency on Profitability of Primary Consumer Goods Sector Companies. Indonesian Journal of Accounting and Financial Technology, 3(2), 287–296. https://doi.org/10.55927/crypto.v3i2.12936