The Influence of Liquidity, Leverage, Profitability and Activity Ratios on Profit Growth with Company Size as a Moderating Variable in Infrastructure Sector Companies Listed on the Indonesia Stock Exchange for the 2020-2022 Period
Penelitian ini bertujuan untuk mengetahui hasil analisis pengaruh Rasio Likuiditas, Leverage, Profitabilitas, dan Aktivitas terhadap Pertumbuhan Laba dengan Ukuran Perusahaan sebagai Variabel Moderasi pada Perusahaan Sektor Infrastructure yang Tercatat di BEI Periode 2020-2022. Variabel independen dalam penelitian ini yaitu Rasio Likuiditas diproksikan dengan Current Ratio (CR), Rasio Leverage diproksikan dengan Debt to Equity Ratio (DER), Rasio Profitabilitas diproksikan dengan Return on Asset (ROA), dan Rasio Aktivitas diproksikan dengan Total Asset Turnover (TATO). Variabel moderasi pada penelitian ini yaitu Ukuran Perusahaan. Metode pengambilan sampel menggunakan metode purposive sampling dengan jumlah sampel sebanyak 162 sampel dari 54 perusahaan. Jenis penelitian ini adalah kausal dengan pendekatan kuantitatif yang diolah menggunakan teknik analisis moderated regression analysis pada software SPSS Versi 18. Hasil penelitian menyatakan bahwa variabel Rasio Profitabilitas yang diproksikan dengan Return on Asset berpengaruh positif signifikan terhadap Pertumbuhan Laba, sedangkan variabel independen lain seperti Likuiditas yang diproksikan dengan Current Ratio, Leverage yang diproksikan dengan Debt to Equity Ratio, Aktivitas yang diproksikan dengan Total Asset Turnover tidak memiliki pengaruh signifikan terhadap Pertumbuhan Laba. Variabel Moderasi Ukuran Perusahan mampu memeperkuat pengaruh Rasio Profitabilitas terhadap Pertumbuhan Laba. Namun ukuran perusahaan tidak mampu memperkuat pengaruh Rasio Likuditas, Leverage, Aktivitas terhadap Pertumbuhan Laba
Kata Kunci: Likuiditas, Leverage, Profitabilitas, Aktivitas, Ukuran Perusahaan, Pertumbuhan Laba
This study aims to determine the results of the analysis of the influence of Liquidity Ratio, Leverage, Profitability, and Activity on Profit Growth with Company Size as a Moderating Variable in Infrastructure Sector Companies Listed on the IDX for the 2020-2022 Period. The independent variables in this study are the Liquidity Ratio proxied by the Current Ratio (CR), the Leverage Ratio proxied by the Debt to Equity Ratio (DER), the Profitability Ratio proxied by Return on Assets (ROA), and the Activity Ratio proxied by Total Asset Turnover (TATO). The moderating variable in this study is Company Size. The sampling method uses a purposive sampling method with a total sample of 162 samples from 54 companies. This type of research is causal with a quantitative approach processed using moderated regression analysis techniques on SPSS Version 18 software. The results of the study stated that the Profitability Ratio variable proxied by Return on Assets has a significant positive effect on Profit Growth, while other independent variables such as Liquidity proxied by Current Ratio, Leverage proxied by Debt to Equity Ratio, Activity proxied by Total Asset Turnover do not have a significant effect on Profit Growth. The Moderation Variable of Company Size is able to strengthen the influence of the Profitability Ratio on Profit Growth. However, company size is not able to strengthen the influence of the Liquidity Ratio, Leverage, Activity on Profit Growth
Keywords: Liquidity, Leverage, Profitability, Activity, Profit Growth