The Impact Of Liquidity And Solvency On Profitability In Food And Beverage Companies Listed On The Indonesian Stock Exchange From 2018 To 2022

Nagita Wulandari; Triya Vebrianty; Raudatul Jannah; Dwi Saraswati

doi:10.55227/ijerfa.v3i2.311

Authors

Nagita Wulandari Department of Accounting, Faculty of Social Sciences, Universitas Pembangunan Panca Budi Indonesia
Triya Vebrianty Department of Accounting, Faculty of Social Sciences, Universitas Pembangunan Panca Budi Indonesia
Raudatul Jannah Department of Accounting, Faculty of Social Sciences, Universitas Pembangunan Panca Budi Indonesia
Dwi Saraswati Department of Accounting, Faculty of Social Sciences, Universitas Pembangunan Panca Budi Indonesia

DOI:

https://doi.org/10.55227/ijerfa.v3i2.311

Abstract

This study aims to analyze the effect of liquidity and solvency on profitability in food and beverage companies listed on the Indonesia Stock Exchange (IDX) during the 2018-2022 period. Liquidity is measured using the current ratio which describes the company's ability to meet its short-term obligations, while solvency is measured using the Debt to Equity Ratio (DER) which reflects the balance between debt and capital owned by the company in financing its assets. Profitability is measured using the Return on Assets (ROA) ratio which shows the company's ability to generate profits from the total assets owned by the company. The participants in this study were food and beverage companies, with research samples including INDF, ICBP, MYOR, ULTJ, and GOOD companies. The sampling method used is purposive sampling. The analysis method used is simple linear regression analysis to test the effect between the independent variable and the dependent variable. The results showed that, individually, liquidity has no significant effect on profitability, as well as solvency has no influence individually on profitability

References

Ammy, B., & Hasibuan, J. S. (2020). The Influence Of Current Ratio And Debt To Equity Ratio On Return On Assets In Construction And Building Companies Listed On The Indonesia Stock Exchange. International Journal of Economic, Technology and Social Sciences (Injects), 1(2), 117–128.

Asniwati, A., Adrianah, A., & Nginang, Y. (2022). Pengaruh Perputaran Kas, Perputaran Piutang, dan Perputaran Persediaan terhadap Rentabilitas pada PT. Cipta Karya Makmur Bersama di Kota Makassar. YUME: Journal of Management, 4(3), 1–12.

Firman, D., Batubara, H. C., & Karimah, D. (2020). Pengaruh Likuiditas Dan Debt To Assets Ratio Terhadap Return on Assets Pada Perusahaan Otomotif Yang Terdaftar Di BEI. Jurnal Keuangan Dan Bisnis, 18(2), 1–9

Hanum, Z. (2020). Pelatihan Penyusunan Laporan Keuangan Usaha Mikro Kecil Menengah (UMKM) Desa Pantai Labu Pekan Kabupaten Deli Serdang. Liabilities (Jurnal Pendidikan Akuntansi), 2(3), 237–242.

Hanum, Z., & Febyola, F. (2023). The Effect of Leverage, ProfitabilityaAnd Company Size on Tax Avoidance in Automotive Companies. Proceeding Medan International Conference on Economic and Business, 1, 2446–2460.

Irfan, I. (2021). Analisis Keuangan Dengan Menggunakan Rasio Likuiditas, Solvabilitas Dan Profitabilitas. Seminar Nasional Teknologi Edukasi Dan Humaniora 2021, 1(1), 787–798.

Jufrizen, J., & Sari, M. (2019). Pengaruh Current Ratio, Debt to Equity Ratio, dan Firm Size Terhadap Return On Equity. Jurnal Riset Akuntansi Aksioma, 18(1), 156–191.

Juliandi, A., Irfan, I., & Manurung, S. (2018). Mengolah Data Penelitian Bisnis Dengan SPSS. Lembaga Penelitian dan Penulisan Ilmiah AQLI.

Nainggolan, E. P. (2020). Determinan Return on Asset Pada Perusahaan Subsektor Pertambangan Batubara Yang Terdaftar di Bursa Efek Indonesia. Jurnal Akuntansi Dan Keuangan Kontemporer (JAKK), 3(2), 91–102.

Sari, I. N. (2023). Analisis Pengaruh Perputaran Kas, Piutang, dan Persediaan Terhadap Return On Assets pada Industri Rokok yang Terdaftar di BEI. COMSERVA: Jurnal Penelitian Dan Pengabdian Masyarakat, 3(1), 346–359.

Sari, M., & Andriyani, A. (2021). Analisis Perputaran Kas dan Perputaran Persediaan Dalam Meningkatkan Profitabilitas. Seminar Nasional Teknologi Edukasi Sosial Dan Humaniora, 1(1), 528–539.