Pengaruh Debt to Equity Ratio, Total Assets Turnover, Net Profit Margin, dan Firm Size Terhadap Kinerja Keuangan (Studi Empiris Perusahaan LQ45 Yang Terdaftar di BEI Periode 2019-2022)
DOI:
https://doi.org/10.35870/emt.v8i3.2755Keywords:
Debt to Equity Ratio, Total Assets Turnover, Net Profit Margin, Firm Size, Financial PerformanceAbstract
This study aims to determine the influence of Debt to Equity Ratio, Total Assets Turnover, Net Profit Margin, and Firm Size on financial performance in LQ45 companies listed on the Indonesia Stock Exchange (IDX) from 2019 to 2022. The research method used is quantitative research. The sampling technique was conducted using purposive sampling with a total of 79 samples. The data used in this study is secondary data obtained from financial statements on the IDX website (www.idx.ac.id) or the official website of each company. The data analysis method used is multiple regression analysis with the assistance of SPSS version 25. The research results indicate that the variables Total Assets Turnover, Net Profit Margin, and Firm Size significantly influence financial performance, whereas the Debt to Equity Ratio variable does not significantly affect financial performance.
Downloads
References
Amrulloh, A., & Amalia, A. D. (2020). Pengaruh profitabilitas, struktur modal, likuiditas, ukuran perusahaan dan kebijakan dividen terhadap nilai perusahaan (Studi empiris pada perusahaan perbankan yang terdaftar di Bursa Efek Indonesia periode tahun 2015-2019). Jurnal Akuntansi dan Keuangan, 9(2), 167. https://doi.org/10.36080/jak.v9i2.1421
Anggraeni, S. U., Iskandar, R., & Rusliansyah. (2020). Analisis kinerja keuangan pada PT. Murindo Multi Sarana di Samarinda. Jurnal Ilmu Akuntansi, 17(1), 163–171.
Azriana, R., & Keristin, U. K. (2022). Analisis pengaruh Debt To Equity Ratio, current ratio, dan Net Profit Margin terhadap nilai perusahaan (Studi kasus pada manufaktur makanan dan minuman di Bursa Efek Indonesia periode 2018-2020). Jurnal Ilmiah Bisnis dan Kewirausahaan, 12(1), 84–95. https://doi.org/10.35957/forbiswira.v12i1.3279
Dewantari, N. L. S., Cipta, W., & Susila, G. P. A. J. (2020). Pengaruh ukuran perusahaan dan leverage serta profitabilitas terhadap nilai perusahaan pada perusahaan food and beverages di BEI. Prospek: Jurnal Manajemen dan Bisnis, 1(2), 74. https://doi.org/10.23887/pjmb.v1i2.23157
Fridayani, V. D., Merawati, L. K., & Tandio, D. R. (2022). Pengaruh pertumbuhan perusahaan, debt to asset ratio, total aset turnover, dan working capital turnover terhadap kinerja keuangan pada perusahaan consumer good. Jurnal Kharisma, 4(3), 1–13.
Kasmir. (2019). Analisis laporan keuangan (Edisi 5). Jakarta: Raja Grafindo Persada.
Kurniawan, T., Sumaryo, & Nasroh. (2019). Pengaruh return on equity, Net Profit Margin dan earning per share terhadap harga saham pada perusahaan wholesale dan retail trade yang terdaftar di Bursa Efek Indonesia periode 2014-2017. Sitra, 1(1), 63–76. https://doi.org/10.58872/si.v1i1.65
Kusumawati, E., & Widaryanti, W. (2022). Analisis pengaruh Debt To Equity Ratio, current ratio, dan total aset turnover terhadap kinerja keuangan (Studi kasus pada perusahaan property dan real estate yang terdaftar di BEI tahun 2015-2020). Jurnal Ilmiah Fokus Ekonomi, Manajemen, Bisnis & Akuntansi (EMBA), 1(2), 227–234. https://doi.org/10.34152/emba.v1i2.513
Nainggolan, Y. T., & Karunia, E. (2022). Leverage, corporate governance dan profitabilitas sebagai determinan earnings management. Akuntabel, 19(2), 420–429. https://doi.org/10.30872/jakt.v19i2.10752
Ratnasiwi, P., & Idris, A. (2022). Pengaruh Return on Assets, Total Assets Turnover dan inventory turnover terhadap perubahan laba. Jurnal Cendekia Keuangan, 1(1), 14. https://doi.org/10.32503/jck.v1i1.2207
Sari, T., Titisari, K. H., & Nurlaela, S. (2020). Pengaruh kepemilikan manajerial, komite audit, leverage dan ukuran perusahaan terhadap kinerja keuangan. Upajiwa Dewantara, 4(1), 15–26. https://doi.org/10.26460/mmud.v4i1.6328
Suryana, F. N., Rahayu, S., & Ak, M. (2018). Pengaruh leverage, profitabilitas, dan ukuran perusahaan terhadap (Studi empiris pada perusahaan industri barang konsumsi sub sektor farmasi yang terdaftar di Bursa Efek Indonesia tahun 2012-2016). E-Proceeding of Management, 5(2), 2262–2269.
Syahrani, T. (2021). Pengaruh profitabilitas, kualitas audit, nilai perusahaan, dewan komisaris independen dan ukuran dewan komisaris terhadap manajemen laba perusahaan manufaktur yang terdaftar di BEI. Jurnal Fairness, 9(1), 45–58. https://doi.org/10.33369/fairness.v9i1.15221
Telaumbanua, M. P. D. M. M. B. Y. N. (2022). Analisis Net Profit Margin pada PT Unilever Indonesia Tbk (perusahaan manufaktur yang terdaftar pada Bursa Efek Indonesia). Jurnal EMBA: Jurnal Riset Ekonomi, Manajemen, Bisnis dan Akuntansi, 10(4), 1462–1471. https://doi.org/10.35794/emba.v10i4.43983
Yunus, & Simamora, S. C. (2021). Pengaruh Debt To Equity Ratio dan profitability ratio terhadap harga saham pada bank BUMN. Jurnal Inovatif Mahasiswa Manajemen, 2(1), 55–65. https://jom.universitassuryadarma.ac.id/index.php/jimen/article/view/61/62.
Downloads
Published
Issue
Section
License
Copyright (c) 2024 Tasyayu Kharisma Hutami, Nursiam

This work is licensed under a Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 International License.
Authors who publish with this journal agree to the following terms:
1. Copyright Retention and Open Access License
Authors retain copyright of their work and grant the journal non-exclusive right of first publication under the Creative Commons Attribution 4.0 International License (CC BY 4.0).
This license allows unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited.
2. Rights Granted Under CC BY 4.0
Under this license, readers are free to:
- Share — copy and redistribute the material in any medium or format
- Adapt — remix, transform, and build upon the material for any purpose, including commercial use
- No additional restrictions — the licensor cannot revoke these freedoms as long as license terms are followed
3. Attribution Requirements
All uses must include:
- Proper citation of the original work
- Link to the Creative Commons license
- Indication if changes were made to the original work
- No suggestion that the licensor endorses the user or their use
4. Additional Distribution Rights
Authors may:
- Deposit the published version in institutional repositories
- Share through academic social networks
- Include in books, monographs, or other publications
- Post on personal or institutional websites
Requirement: All additional distributions must maintain the CC BY 4.0 license and proper attribution.
5. Self-Archiving and Pre-Print Sharing
Authors are encouraged to:
- Share pre-prints and post-prints online
- Deposit in subject-specific repositories (e.g., arXiv, bioRxiv)
- Engage in scholarly communication throughout the publication process
6. Open Access Commitment
This journal provides immediate open access to all content, supporting the global exchange of knowledge without financial, legal, or technical barriers.