Pengaruh Struktur Modal, Pertumbuhan Aset dan Perputaran Total Aset Terhadap Profitabilitas Periode 2006-2023
DOI:
https://doi.org/10.47065/arbitrase.v6i2.2563Keywords:
Capital Structure; Asset Growth; Total Asset Turnover; Profitability; PT Pertamina (Persero)Abstract
This study aims to determine the effect of capital structure, asset growth, and total asset turnover on profitability at PT Pertamina (Persero) during the period 2006 to 2023. The research uses a quantitative descriptive and associative approach. Data were collected using purposive sampling and processed with the EViews 12 software. The data analysis includes descriptive statistics, classical assumption tests, multiple linear regression analysis, partial hypothesis testing using the t-test, simultaneous hypothesis testing using the F-test, and the coefficient of determination (R-squared). The results of the partial hypothesis testing (t-test) show that: 1). Capital structure, which is proxied by the Debt to Equity Ratio (Debt to Equity), has a negative and insignificant effect on profitability as measured by Return on Assets (Return on Asset). 2). asset growth has a positive but insignificant effect on ROA. 3). total asset turnover (TATO) has a positive and significant effect on ROA. The results of the simultaneous hypothesis testing (F-test) indicate that all independent variables together have a significant effect on ROA. The coefficient of determination (R-squared) is 0.61, which means that 61% of the variation in ROA can be explained by the independent variables in this study, while the remaining 39% is influenced by other factors outside the scope of the research.
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