The company's value is influenced by profitability and liquidity
DOI:
https://doi.org/10.35335/ijafibs.v11i4.239Keywords:
Company Value, Liquidity, Profitability, Regression AnalysisAbstract
This study investigates the interaction between capital structure, net profit margin, and company value in the manufacturing sector in Indonesia. The goal is to gain insight into how these factors interact and affect the overall value of a company in a particular region and industry. This analysis uses quantitative methods based on financial data and relevant metrics for a sample of food and beverage sector companies operating in Indonesia from 2019 – 2023, with sample data of 15 companies having been used. This study examines the relationship between profitability, liquidity, and company value through statistical analysis and linear regression modeling techniques with SPSS version 26. The results showed that profitability had a significant effect on the value of the company. Liquidity does not affect the value of the company. Profitability and liquidity simultaneously affect the value of a company. The findings contribute to the existing literature on company valuations by providing empirical evidence specific to the food and beverage sector listed on the Indonesia Stock Exchange. The research has implications for policymakers, investors, and managers, as it offers valuable insights into the factors that drive corporate value in the industry, helping stakeholders make decisions and strategies to improve performance and competitiveness. Provide benefits in the context of financial management
References
Buntu, B. (2023). Analisis Rasio Likuiditas, Rasio Leverage dan Profitabilitas Pada PT Telkom Indonesia (Persero) Tbk. Jurnal Ekonomi Dan Bisnis, 15(1), 1–14. https://doi.org/10.55049/jeb.v15i1.142
Dewi, Endiana, I. D. M., & Arizona, I. P. E. (2019). Pengaruh Rasio Likuiditas, Rasio Leverage dan Rasio Profitabilitas Terhadap Financial Distress Pada Perusahaan Manufaktur. Journal of Chemical Information and Modeling, 53(November), 1689–1699.
Fernos, J. (2017). Analisis Rasio Profitabilitas Untuk Mengukur Kinerja (Studi Kasus Pada PT. Bank Pembangunan Daerah Provinsi Sumatera Barat). Jurnal Pundi, 1(2), 107–118. https://doi.org/10.31575/jp.v1i2.25
Gu, J., Shi, X., Wang, J., & Xu, X. (2024). Examining the impact of market power discrepancy between supply chain partners on firm financial performance. International Journal of Production Economics, 268, 109100. https://doi.org/10.1016/j.ijpe.2023.109100
Gu, X., Nagarajan, N. J., Sayrak, A., & Srinivasan, D. (2023). U.S. Airline Responses to Mandated Disclosure of Non-Financial Performance. Journal of Contemporary Accounting & Economics, 100394. https://doi.org/10.1016/j.jcae.2023.100394
Gunawan, R., Widiyanti, M., Malinda, S., & Adam, M. (2022). The Effect of Current Ratio, Total Asset Turnover, Debt To Asset Ratio, and Debt To Equity Ratio on Return on Assets in Plantation Sub-Sector Companies Listed on the Indonesia Stock Exchange. International Journal of Economic, Business, Accounting, Agriculture Management and Sharia Administration (IJEBAS), 2(1), 19–28. https://doi.org/10.54443/ijebas.v2i1.139
Hariati, I., & Rihatiningtyas, Y. W. (2016). Pengaruh Tata Kelola Perusahaan Dan Kinerja Lingkungan Terhadap Nilai Perusahaan. Jurnal Akuntansi & Keuangan Daerah, 11(2), 52–59.
Hasan, H. (2023). Analisis Profitabilitas Dalam Menilai Kinerja Keuangan Pada Pt Pos Indonesia. Ekonomi & Bisnis, 22(1), 93–108. https://doi.org/10.32722/eb.v22i1.5770
Hawaldar, I. T., Meher, B. K., Kumari, P., & Kumar, S. (2022). “Modelling the effects of capital adequacy, credit losses, and efficiency ratio on return on assets and return on equity of banks during COVID-19 pandemic.” Banks and Bank Systems, 17(1), 115–124. https://doi.org/10.21511/bbs.17(1).2022.10
Hidayat, I., & Khotimah, K. (2022). Pengaruh Profitabilitas dan Ukuran Perusahaan terhadap Nilai Perusahaan sub sektor kimia. Jurnal Ilmiah Akuntansi Kesatuan, 10(1), 1–8. https://doi.org/10.37641/jiakes.v10i1.1175
Iman, M. N., & Saleh, M. (2023). Analisis Pengaruh Profitabilitas, Likuiditas dan Ukuran Perusahaan Terhadap Nilai Perusahaan dengan Struktur Modal Sebagai Variabel Moderator pada Perusahaan Publik yang Terdaftar di Indeks Kompas 100 Bursa Efek Indonesia (BEI). Jurnal Produktivitas, 10, 333–347. Retrieved from www.openjurnal.unmuhpnk.ac.id/index.php/jp
Jajuli, Sofi’i, I., & Haryadi, D. (2023). Moderation of non-performing financing on the effect of buying and selling financing on return on assets empirical study on Islamic banking in Indonesia in 2015-2020. International Journal of Applied Finance and Business Studies, 11(21), 231–238.
Karmilah, L., Putra, D., Mahardika, K., & Telkom, U. (2023). Pengaruh Debt to Equity Ratio, Nilai Kurs, Net Profit Margin terhadap Nilai Perusahaan Pada Perbankan Buku 4. Management Studies and Entrepreneurship Journal, 4(6), 7523–7532.
Lasabuda, N. L. M. P., Pelleng, F. A. O., & Tampi, D. L. (2019). Analisis Rasio Kinerja Keuangan pada PT Telekomunikasi Indonesia (Persero), Tbk. Productivity, 1(2), 154–162.
Mujari. (2019). Analisis Laporan Keuangan Untuk Mengukur Kinerja Keuangan Perusahaan Telekomunikasi Yang Terdaftar Di Bursa Efek Indonesia. Proceedings of the Institution of Mechanical Engineers, Part J: Journal of Engineering Tribology, 224(11), 122–130.
Nguyen, P. N.-D., Mai, K. N., & Le, T.-H. (2023). Strategic perspectives, creativity, and financial performance in Vietnamese SMEs. Heliyon, 9(9), e20354. https://doi.org/10.1016/j.heliyon.2023.e20354
Noordiatmoko, D. (2020). Analisis Rasio Profitabilitas Sebagai Alat Ukur Untuk Menilai Kinerja Keuangan Pada Pt Mayora Indah Tbk, Periode 2014-2018. Jurnal Parameter, 5(4), 38–51.
Sukarya, I. P., & Baskara, I. G. K. (2018). Pengaruh Profitabilitas, Leverage, Dan Likuiditas Terhadap Nilai Perusahaan Sub Sektor Food and Beverages. E-Jurnal Manajemen Universitas Udayana, 8(1), 439. https://doi.org/10.24843/ejmunud.2019.v08.i01.p16
Sulistyo Rahayu, V., Indah Mustikowati, R., & Suroso, A. (2020). Pengaruh Ukuran Perusahaan, Pertumbuhan Penjualan Dan Profitabilitas Terhadap Nilai Perusahaan. Jurnal Riset Mahasiswa Manajemen, 6(1), 1248–1277. https://doi.org/10.21067/jrmm.v6i1.4467
Supriandi, & Masela, M. Y. (2023). Pengaruh Struktur Modal, Profitabilitas, Likuiditas Pasar Terhadap Nilai Perusahaan Pada Industri Manufaktur di Jawa Barat. Sanskara Akuntansi Dan Keuangan, 1(03), 142–152. https://doi.org/10.58812/sak.v1i03.109
Supsermpol, P., Huynh, V. N., Thajchayapong, S., & Chiadamrong, N. (2023). Predicting financial performance for listed companies in Thailand during the transition period: A class-based approach using logistic regression and random forest algorithm. Journal of Open Innovation: Technology, Market, and Complexity, 9(3), 100130. https://doi.org/10.1016/j.joitmc.2023.100130
Wenda, A., & Ditilebit, N. (2021). Analisis Likuiditas Dan Profitabilitas Untuk Menilai Kinerja Keuangan Pada Pt. Telekomunikasi Indonesia, Tbk. Jurnal Ekonomi Dan Bisnis, 11(2), 33–42. https://doi.org/10.55049/jeb.v11i2.79
Winarno, S. H. (2017). Penilaian Kinerja Keuangan Perusahaan Melalui Analisis Profitabilitas. Jurnal Moneter, IV(2), 106–112.
Yuvia, W., & Wijaya, H. (2023). Pengaruh Profitabilitas, Likuiditas, dan Struktur Modal Terhadap Nilai Perusahaan. Jurnal Multiparadigma Akuntansi, V(1), 491–501.
Zhang, W., Chen, F., Liu, E., Zhang, Y., & Li, F. (2023). How does digital inclusive finance promote the financial performance of Chinese cultural enterprises? Pacific-Basin Finance Journal, 82, 102146. https://doi.org/10.1016/j.pacfin.2023.102146
Zhang, X., Q., Dai, Z., & Zhang, X. (2023). The impact of carbon markets on the financial performance of power producers: Evidence based on China. Energy Economics, 127, 107119. https://doi.org/10.1016/j.eneco.2023.107119
Downloads
Published
How to Cite
Issue
Section
License
Copyright (c) 2024 International Journal of Applied Finance and Business Studies
This work is licensed under a Creative Commons Attribution-NonCommercial 4.0 International License.
