Pengaruh Return on Assets (ROA), Return on Equity (ROE) dan Net Profit Margin (NPM) terhadap Pertumbuhan Laba Perusahaan Makanan dan Minuman yang Tercatat di Bursa Efek Indonesia Tahun 2021-2025 Effect of Return on Assets (ROA), Return on Equity (ROE) and Net Profit Margin (NPM) on Profit Growth of Food and Beverage Companies Listed on the Indonesia Stock Exchange in 2021-2025
Article Sidebar
Page Numbers:
2996-3017
Digital Object Identifier:
10.58578/yasin.v6i3.10218
Viewed: 120 times
Downloaded: 78 times
LYAS Publisher cordially invites qualified professionals to serve as Editors or Reviewers. Your expertise will make an important contribution to maintaining and strengthening the academic quality of our publications. Interested applicants are kindly requested to complete the application form at the following link: Editors & Reviewers
Please feel free to contact us if you need any further information about the submission process or if you have any additional questions.
Authors:Erlina Devinta1*, Sri Laksmi Pardanawati2, Indra Lila Kusuma3
Copyright :Authors retain copyright and grant the journal right of first publication.
Main Article Content
Abstract
Global economic fluctuations and declining public purchasing power in the post-pandemic period have become challenges for the food and beverage industry in maintaining consistent net profit growth. This study aims to analyze the effect of Return on Assets (ROA), Return on Equity (ROE), and Net Profit Margin (NPM) on the profit growth of food and beverage companies listed on the Indonesia Stock Exchange (IDX) during the 2021–2025 period. This study used a quantitative approach with a sample of 21 companies selected through purposive sampling, resulting in 105 observational data. The data were analyzed using classical assumption tests and multiple linear regression. The results show that ROA, ROE, and NPM simultaneously had a significant effect on profit growth (Fcount = 45.141 > Ftable = 2.69; p < 0.05). Partially, ROA had a positive and significant effect on profit growth (t = 3.284; p = 0.001), and ROE also had a positive and significant effect (t = 5.325; p = 0.000). Conversely, NPM had no significant effect on profit growth (t = -1.505; p = 0.135). The Adjusted R Square value of 0.560 indicates that ROA, ROE, and NPM were able to explain 56% of the variation in profit growth, while the remaining 44% was influenced by other factors outside the research model. The conclusion of this study emphasizes that profit growth in the food and beverage sector is determined more by the efficiency of asset management and the effectiveness of optimizing equity capital than by the net profit margin from sales. The implications of this study indicate the importance of improving the efficiency of fixed asset utilization, strengthening a healthy capital structure, and developing more economical product innovation for company management, as well as using ROA and ROE as the main fundamental indicators for investors in making investment decisions.
Downloads
Article Details
Authors retain copyright and grant the journal right of first publication with the work simultaneously licensed under a Creative Commons Attribution-NonCommercial-ShareAlike 4.0 International License that allows others to share the work with an acknowledgement of the work's authorship and initial publication in this journal.
References
Adnyana, I. M. (2020). Manajemen Investasi dan Portofolio. Lembaga Penerbitan Universitas Nasional.
Dianitha, K. A., Masitoh, E., & Siddi, P. (2020). Pengaruh Rasio Keuangan terhadap Pertumbuhan Laba pada Perusahaan Makanan dan Minuman di BEI. Berkala Akuntansi dan Keuangan Indonesia, 5(1), 14–30. https://doi.org/10.20473/baki.v5i1.17172
Fahmi, I. (2017). Analisis Laporan Keuangan. Alfabeta.
Fahmi, I. (2020). Analisis Kinerja Keuangan. Alfabeta.
Fatihudin, D. (2020). Metode Penelitian untuk Ilmu Ekonomi, Manajemen, dan Akuntansi: Dari Teori ke Praktik. Zifatama Publisher.
Febriana, H., Rismanty, V. A., Bertuah, E., Permata, S. U., Anismadiyah, V., Sembiring, L. D., Dewi, N. S., Jamaludin, Jatmiko, N. S., Inrawan, A., Astuti, W., & Dewi, I. K. (2021). Dasar-Dasar Analisis Laporan Keuangan. CV Media Sains Indonesia.
Ghozali, I. (2018). Aplikasi Analisis Multivariate dengan Program IBM SPSS 25. Badan Penerbit Universitas Diponegoro.
Hidayat, W. W. (2018). Dasar-Dasar Analisa Laporan Keuangan. Uwais Inspirasi Indonesia.
Jufrizen, & Fatin, I. N. A. (2020). Pengaruh Debt to Equity Ratio, Return on Equity, Return on Assets, dan Ukuran Perusahaan terhadap Nilai Perusahaan pada Perusahaan Farmasi. Jurnal Humaniora: Jurnal Ilmu Sosial, Ekonomi dan Hukum, 4(1), 183–195.
Kasmir. (2018). Pengantar Manajemen Keuangan. Prenadamedia Group.
Mahendra, R. G., & Nurdiansyah, D. H. (2022). Return on Assets, Return on Equity, dan Net Profit Margin terhadap Pertumbuhan Laba. Journal of Management and Bussines (JOMB), 4(2), 1547–1557. https://doi.org/10.31539/jomb.v4i2.4767
Manurung, Y., & Siagian, A. (2023). Pengaruh Debt to Equity Ratio (DER), Total Asset Turnover (TATO), dan Net Profit Margin (NPM) terhadap Pertumbuhan Laba pada Perusahaan Sub Sektor Makanan dan Minuman yang Terdaftar di Bursa Efek Indonesia (BEI) Periode 2016–2020. Jurnal Manajemen, 7(2), 60–75. https://doi.org/10.54964/manajemen.v7i2.245
Pradani, I. A. (2018). Pengaruh Rasio Keuangan terhadap Pertumbuhan Laba pada Perusahaan Asuransi Syariah di Indonesia [Undergraduate thesis, Universitas Islam Negeri Sunan Ampel Surabaya]. https://digilib.uinsa.ac.id/25524
Prasongko, G. A., & Hirawati, H. (2022). Pengaruh Net Profit Margin, Return on Assets, dan Return on Equity terhadap Pertumbuhan Laba pada Perusahaan Makanan dan Minuman yang Terdaftar di BEI Tahun 2017–2020. MOTIVASI: Jurnal Manajemen dan Bisnis, 7(1), 59–69. https://doi.org/10.32502/mti.v7i1.4548
Riany, M., Handayani, W., & Hermawan, I. (2022). Pengaruh ROA, ROE, NPM terhadap Pertumbuhan Laba pada Perusahaan Sektor Konstruksi dan Bangunan di Bursa Efek Indonesia (BEI). Jurnal Aktiva: Riset Akuntansi dan Keuangan, 4(3), 186–195. https://doi.org/10.52005/aktiva.v4i3.172
Rini, B. O., Mursalin, Kurniawan, M., & Iswan, J. (2025). Pengaruh Return on Equity (ROE) dan Return on Assets (ROA) terhadap Pertumbuhan Laba pada Perusahaan Sub Sektor Makanan dan Minuman yang Terdaftar di Bursa Efek Indonesia (BEI) Periode 2016–2020. Jurnal Manajemen dan Investasi (Manivestasi), 7(1), 90–99.
Salempang, L. E., Sondakh, J. J., & Pusung, R. J. (2016). Pengaruh Return on Asset, Debt to Equity, dan Pertumbuhan Penjualan terhadap Nilai Perusahaan pada Sektor Real Estate dan Property yang Terdaftar di BEI Tahun 2013–2014. Jurnal Berkala Ilmiah Efisiensi, 16(3), 813–824. https://ejournal.unsrat.ac.id/v3/index.php/jbie/article/download/13577/13163/27110
Samalam, F. N. A., Mangantar, M., & Saerang, I. S. (2018). Pengaruh Return on Asset, Return on Equity, dan Debt to Equity Ratio terhadap Return Saham pada Perusahaan Asuransi di BEI Periode 2012–2016. Jurnal EMBA: Jurnal Riset Ekonomi, Manajemen, Bisnis dan Akuntansi, 6(4), 3863–3872. https://doi.org/10.35794/emba.6.4.2018.21912
Septiyarina, P. (2022). Pengaruh Current Ratio, Total Asset Turnover, dan Return on Assets terhadap Pertumbuhan Laba. Jurnal Cendekia Keuangan, 1(1), 57–69. https://doi.org/10.32503/jck.v1i1.2268
Setiawan, A. N. V., & Susilowati, I. H. (2024). Pengaruh ROA dan ROE terhadap Pertumbuhan Laba pada Perusahaan Food dan Beverage yang Tercatat pada Bursa Efek Indonesia Periode 2019–2023. Digital Bisnis: Jurnal Publikasi Ilmu Manajemen dan E-Commerce, 3(3), 399–417. https://doi.org/10.30640/digital.v3i3.3236
Sri, A., Dwi, B., & Rosvita, C. (2019). Analisis Kinerja Keuangan: Teori dan Aplikasi. Jurnal Studi Ekonomi, 15(2), 123–135.
Sugiyono. (2018). Metode Penelitian Kuantitatif, Kualitatif, dan R&D. Alfabeta.
Sujarweni, V. W. (2019). Analisis Laporan Keuangan: Teori, Aplikasi, dan Hasil Penelitian. Pustaka Baru Press.
Wati, A. W., Mursalin, & Kurniawan, M. (2024). Pengaruh Return on Equity (ROE), Return on Asset (ROA), dan Net Profit Margin (NPM) terhadap Pertumbuhan Laba pada Sub Sektor Makanan dan Minuman yang Terdaftar di Bursa Efek Indonesia (BEI). Jurnal Media Wahana Ekonomika, 21(2), 327–337. https://doi.org/10.31851/jmwe.v21i2.12948