The Impact of Liquidity, Solvency, and Efficiency on Profit Growth in Indonesian Automotive Companies (2017-2021)

Authors

  • Grace Merdeka University, Malang
  • Nanik Sisharini Merdeka University, Malang
  • Lily Kustiani Merdeka University, Malang
  • Moh Burhan University of Merdeka Malang
  • Boge Triatmanto Merdeka University, Malang

DOI:

https://doi.org/10.26905/jp.v21i2.15699

Keywords:

Current Ratio, Debt to Equity Ratio, Profit Growth, Total Assets Turnover

Abstract

This study aims to determine and analyze the influence Current Ratio, Debt to Equity Ratio and Total Assets Turnover on profit growth in automotive companies listed on the Indonesia Stock Exchange (IDX) for the 2017-2021 period. This study used a population of 14 automotive companies listed on the Indonesia Stock Exchange. The sampling technique used purposive sampling technique and obtained a sample of 10 automotive companies that had met the sample criteria. The data analysis techniques used were descriptive statistics, classical assumptions (normality test, multicollinearity test, autocorrelation test and heteroscedasticity test), multiple linear regression analysis, hypothesis test and coefficient of determination. Simultaneous results show that Current Ratio, Debt to Equity Ratio and Total Assets Turnover has a significant effect on profit growth. The results of the partial test show that Current Ratio has a negative and insignificant effect on profit growth. Debt to Equity Ratio has a significant negative effect on profit growth. Total Assets Turnover has a positive and insignificant effect on profit growth.

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Author Biographies

Grace, Merdeka University, Malang

Faculty of Economics and Business

Nanik Sisharini, Merdeka University, Malang

Faculty of Economics and Business

Lily Kustiani, Merdeka University, Malang

Faculty of Economics and Business

Moh Burhan, University of Merdeka Malang

Department of Management, Faculty of Economics and Business

Boge Triatmanto, Merdeka University, Malang

Faculty of Economics and Business

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Jurnal Penelitian Vol. 21 No.2 Desember 2024

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Published

2025-05-31

How to Cite

Grace, Nanik Sisharini, Lily Kustiani, Moh Burhan, & Boge Triatmanto. (2025). The Impact of Liquidity, Solvency, and Efficiency on Profit Growth in Indonesian Automotive Companies (2017-2021). Jurnal Penelitian, 21(2), 30–43. https://doi.org/10.26905/jp.v21i2.15699

Issue

Vol. 21 No. 2 (2024): Desember 2024

Section

Social and Humaniora

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