THE EFFECT OF RETURN ON EQUITY, CURRENT RATIO, NET PROFIT MARGIN, AND DEBT TO EQUITY RATIO ON PROFIT GROWTH IN BASIC AND CHEMICAL INDUSTRY SUB-SECTOR COMPANIES LISTED ON THE INDONESIA STOCK EXCHANGE (IDX) 2020-2024
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Abstract
The purpose of this study is to determine the effect of reiturn on eqiuity, current raitio, net proifit mairgin and debt to eqiuity raitio both partially and simultaneously on proifit growth in Basic Industry and Chemical Sub-Sector companies listed on the Indionesia Stock Exchange 2020-2024. The populaition in this study is all basic industry and chemical sub-sector companies listed on the Indionesia Stock Exchange 2020-2024 totaling 37 companies and the sample is 15 companies for 5 years so that obtained observaition data of 75 data. The data collection technique used is primary data. Data analysis techniques use linear regression, classical assumption test, hypothesis test (t test, F test) and determinant coefficient, data processing using SPSS software program version 24. The test results show that reiturn on eqiuity has no effect and is not significant on proifit growth. Current raitio has a negative and significant effect on proifit growth. Net proifit mairgin has a positive and significant effect on proifit growth. Debt to eqiuity raitio has no effect and is not significant on proifit growth. Simultaneously, reiturn on eqiuity, current raitio, net proifit mairgin, and debt-to-eqiuity raitio have a positive and significant effect on proifit growth in basic industry and chemical sub-sector companies listed on the Indionesia Stock Exchange for the 2020–2024 period.
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