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Internal Company Factors Influencing Profitability: Analysis of Manufacturing Company in the Food and Beverage Subsector at the Indonesian Stock Exchange

In: Proceedings of the 9th Global Conference on Business, Management and Entrepreneurship (GCBME 2024)

Author

Listed:
  • Salim Siregar

    (University of Singaperbangsa Karawang)

  • Dian Hakip Nurdiansyah

    (University of Singaperbangsa Karawang)

  • Disman Disman

    (Universitas Pendidikan Indonesia)

  • Nugraha Nugraha

    (Universitas Pendidikan Indonesia)

  • Gusganda Suria Manda

    (University of Singaperbangsa Karawang)

  • Wisnu Miftahul Faris

    (University of Singaperbangsa Karawang)

Abstract

The objective of this study is to examine the influence of Net Profit Margin (NPM), Debt to Equity Ratio (DER), and Asset Growth on Return on Equity (ROE) in food and beverage manufacturing companies listed on the Indonesia Stock Exchange from 2014 to 2021. This research employs a descriptive quantitative method with a purposive sampling technique, selecting 15 companies. Secondary data is obtained from financial reports, and multiple linear regression analysis is used for hypothesis testing. The results indicate that NPM and Asset Growth significantly affect ROE, whereas DER has no significant impact. These findings suggest that profitability and asset management are crucial in enhancing financial performance, while leverage does not always directly influence shareholder returns. This study contributes to corporate financial management by providing insights into strategic decision-making for improving profitability.

Suggested Citation

  • Salim Siregar & Dian Hakip Nurdiansyah & Disman Disman & Nugraha Nugraha & Gusganda Suria Manda & Wisnu Miftahul Faris, 2025. "Internal Company Factors Influencing Profitability: Analysis of Manufacturing Company in the Food and Beverage Subsector at the Indonesian Stock Exchange," Advances in Economics, Business and Management Research, in: Ratih Hurriyati & Sulastri Sulastri & Lisnawati Lisnawati & Lili Adi Wibowo (ed.), Proceedings of the 9th Global Conference on Business, Management and Entrepreneurship (GCBME 2024), pages 228-240, Springer.
    • Handle: RePEc:spr:advbcp:978-94-6463-817-2_29
    DOI: 10.2991/978-94-6463-817-2_29
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