Factors Affecting Profitability in Telecommunication Sector Companies Listed on the Indonesia Stock Exchange for the Period 2016-2023

Auliah Rizka; Nabilah Risna  Aryaningsih; Erwin  Budianto

doi:10.55927/ijar.v4i7.14945

Authors

Auliah Rizka University of Swadaya Gunung Jati
Nabilah Risna Aryaningsih University of Swadaya Gunung Jati
Erwin Budianto University of Swadaya Gunung Jati

DOI:

https://doi.org/10.55927/ijar.v4i7.14945

Keywords:

Current Ratio, Debt to Asset Ratio, Total Asset Turn Over, Sales Growth

Abstract

The sustainability and growth of a company are strongly determined by its ability to generate profits. One key metric used to evaluate profitability is Return on Assets (ROA). To remain competitive and resilient, companies must regularly monitor and analyze their financial performance, including identifying the factors that influence ROA. This study examines the relationship between ROA and several financial indicators, namely the current ratio (CR), debt-to-asset ratio (DAR), total asset turnover (TATO), and sales growth (SG). The research utilized regression analysis on a sample of five companies within the Indonesian telecommunications subsector that met specific criteria during the 2016–2023 period. The findings reveal that sales growth does not significantly impact ROA, whereas current ratio, debt-to-asset ratio, and total asset turnover have a significant effect. The model explains 75% of the variance in ROA, with the remaining 25% attributed to other unexamined variables. These results suggest that asset efficiency, liquidity, and solvency are critical factors influencing the profitability of telecommunications companies, while sales growth alone does not directly enhance the ability to generate net profit from assets.

Downloads

Download data is not yet available.

References

Anggraeni, S. W., & Nasution, R. (2022). Pengaruh Debt To Asset Ratio (DAR) Dan Total Asset Turnover (TATO) Terhadap Return On Asset (ROA) Pada Perusahaan Sub Sektor Semen Yang Terdaftar Di Bursa Efek IndonesiaPeriode 2015-2021. Jurnal Sinar Manajemen, 9(3), 342.

Anisa, T. D., & Febyansyah, A. (2024). Pengaruh Likuiditas, Leverage, Ukuran Perusahaan Dan Pertumbuhan Penjualan Terhadap Profitabilitas. Jurnal Ilmiah Manajemen, Ekonomi, & Akuntansi (MEA), 8(1), 1992–2016.

Apriani, M., Lestari, N. E. P., & Hidayat, A. (2023). Analisis Laporan Keuangan Untuk Menilai Kinerja Keuangan Perusahaan Telekomunikasi. Jurnal Pariwisata Bisnis Digital Dan Manajemen, 2(2), 82–89.

Bisnis.com. (2024). Pendapatan Telkom (TLKM) Tembus Rp112,21 Triliun Akhir September 2024. Bisnis.Com.

Čavlin, M., Vapa-Tankosić, J., Miletić, V., & Ivaniš, M. (2021). Analysis of the impact of liquidity on the profitability in the medium and large meat processing enterprises in the Republic of Serbia. Ekonomika Poljoprivrede, 68(3), 789–803.

Eka, & Nafisah. (2024). Pengaruh Debt To Equity Ratio (DER) dan Debt To Asset Ratio (DAR) Terhadap Return On Asset (ROA) pada PT. Mayora Indah Tbk. Inisiatif: Jurnal Ekonomi, Akuntansi Dan Manajemen, 3(3), 366–387.

Fahmi, I. (2020). ANALISIS KINERJA KEUANGAN. ALFABETA, cv.

Ghozali, I. (2021). Aplikasi Analisis Multivariate dengan Program IBM SPSS 26 (Edisi 10). Badan Penerbit Universitas Diponegoro.

Kasmir. (2019). Analisis Laporan Keuangan. In PT Rajagrafindo Persada (Edisi Revi). PT RAJAGRAFINDO PERSADA.

Liputan6.com. (2024). Melihat Rapor Keuangan Emiten Menara Telekomunikasi pada 2023. Liputan6.Com.

Luckieta, M., Amran, A., & Alamsyah, D. P. (2021). Pengaruh DAR dan Ukuran Perusahaan Terhadap ROA Perusahaan yang Terdaftar Di LQ45 Pada BEI. Jurnal Perspektif, 19(1), 17–23.

Maiyaliza, & Parlina, N. D. (2024). Analisis Return On Asset (ROA) berdasarkan Total Asset Turnover (TATO) dan Debt to Asset Ratio (DAR) pada Perusahaan Food and Beverage. Jurnal Penelitian Manajemen Terapan, 9(1), 28–29.

Mufalichah, F. Z., & Nurhayati, I. (2022). Pengaruh Likuiditas, Leverage, Aktivitas, Ukuran Perusahaan, dan Sales Growth Terhadap Profitabilitas. Jurnal Akuntansi Profesi, 13(1), 172–181.

Mulyana, Elis Badariah, Imat Hikmat, F. H. (2023). Pengaruh Net Profit Margin (Npm), Total Asset Turnover (Tato) Dan Current Ratio (Cr) Terhadap Return on Assets (Roa) Perusahaan Sub Sektor Telekomunikasi Yang Terdaftar Di Bursa Efek Indonesia Periode 2016-2020. Indonesian of Interdiscplinary Journal, 5(3), 274–290.

Oktaviani, F., Suryaningprang, A., Herlinawati, E., & Sudaryo, Y. (2022). Pengaruh CR, QR, DER dan TATO terhadap ROA PT Pyridam Farma Tbk Periode 2012-2021. Journal of Business, Finance, and Economics (JBFE), 3(2), 254–268.

Pangestika, M., Mayasari, I., & Kurniawan, A. (2021). Pengaruh DAR dan TATO terhadap ROA pada Perusahaan Subsektor Makanan dan Minuman di BEI Tahun 2014-2020. Indonesian Journal of Economics and Management, 2(1), 197–207.

Pusung, N. V, Rumokoy, L. J., Loindong, S. S. R., Sam, U., & Manado, R. (2024). N . V . Pusung ., L . J . Rumokoy ., S . S . R . Loindong PENGARUH CASH HOLDING , DEBT TO ASSETS RATIO , TOTAL ASSETS TURNOVER , DAN SALES GROWTH TERHADAP RETURN ON ASSET PADA PERUSAHAAN TELEKOMUNIKASI YANG TERDAFTAR DI BURSA EFEK INDONESIA PERIODE 2018- . 12(01), 770–780.

Ramli, D., & Yusnaini, Y. (2022). Pengaruh Sales Growth, Debt To Equity Ratio, Total Assets Turnover Terhadap Return On Assets Pada Perusahaan Property Dan Real Estate Yang Terdaftar Di Bursa Efek Indonesia 2018-2020. Owner, 6(1), 722–734.

Sang Ayu Made Riska Vidyasari, Ni Putu Yuria Mendra, P. W. S. (2021). PENGARUH STRUKTUR MODAL, PERTUMBUHAN PENJUALAN, UKURAN PERUSAHAAN, LIKUIDITAS DAN PERPUTARAN MODAL KERJA TERHADAP PROFITABILITAS. KHARISMA, 3(1).

Sari, W. I., & Aulia, E. D. (2021). Pengaruh Total Asset Turn Over Debt To Asset Ratio Dan Sales Growth Terhadap Return on Asset Pt Ultrajaya Milk Industri Co Tbk Periode 2010-2019. Jurnal Neraca Peradaban, 1(3), 214–225.

Sugiyono. (2021). Metode Penelitian Kuantitatif, Kualitatif, dan R&D (Cetakan 3). Alfabeta, cv.

Tripuspitorini, F. A., Mauluddi, H. A., & Asyifa, W. H. (2022). Pengaruh Current Ratio dan Debt to Assets Ratio terhadap Return on Asset pada Perusahaan Subsektor Makanan dan Minuman. Jurnal Accounting Information System (AIMS), 5(1), 40–51.