Keywords
Pertumbuhan Laba
Profit Margin
Leverage
Retun On Equity
How to Cite
Abstract
This study aims to analyze the effect of asset turnover, profit growth, profit margin, and leverage on return on
equity. The dependent variable in this study is return on equity, while the independent variables include asset
turnover, profit growth, profit margin, and leverage. Data were collected from companies in the food and beverage
subsector listed on the Indonesia Stock Exchange from 2020 to 2023. The research sample consisted of 10
organizations selected based on certain criteria. The quantitative research method used is multiple linear
regression analysis, using a 5% confidence level to explain the relationship between variables. The results of the
partial test show that the variables of asset turnover, profit growth, profit margin, and leverage greatly affect return
on equity. The findings of the simultaneous test show that the variables of asset turnover, profit growth, profit
margin, and leverage together have a significant effect on return on equity. The results of this study are expected
to be a reference for other companies listed on the IDX to prioritize financial ratios to increase profitability.
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