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The Influence of Current Ratio (CR) and Net Profit Margin (NPM) on Profit Growth at PT Japfa Comfeed Indonesia, Tbk (Periods 2013 – 2022)

Authors: Suci N Setiani; Nufzatutsaniah Nufzatutsaniah;

The Influence of Current Ratio (CR) and Net Profit Margin (NPM) on Profit Growth at PT Japfa Comfeed Indonesia, Tbk (Periods 2013 – 2022)

Abstract

This research aims to identify the influence of Current Ratio (CR) and Net Profit Margin (NPM) on Profit Growth at PT Japfa Comfeed Indonesia, Tbk. The method used in this research is a quantitative method. With data analysis involving classical assumption tests, correlation coefficient tests, coefficient of determination tests, multiple linear regression tests, and hypothesis tests. The results of the coefficient of determination test show an influence of 63,8% of the Current Ratio and Net Profit Margin on Profit Growth, the remaining 36,2% is influenced by other variables, then based on the t test the results show 0,015 < 1,895 with a significance of 0,003 < 0,05, meaning Current Ratio (CR) does not have a significant effect on Profit Growth, while the subsequent t test results show results of 1,95 > 1,895 with a significance of 0,001 < 0,05, meaning that Net Profit Margin (NPM) has a significant effect on Profit Growth. Based on the hypothesis test (f test), the results show 6,161 > 4,74 with a significance of 0,002< 0,05, meaning that simultaneously the Current Ratio (CR) and Net Profit Margin (NPM) have a significant effect on Profit Growth.

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selected citations
These citations are derived from selected sources.
This is an alternative to the "Influence" indicator, which also reflects the overall/total impact of an article in the research community at large, based on the underlying citation network (diachronically).
BIP!Citations provided by BIP!
popularity
This indicator reflects the "current" impact/attention (the "hype") of an article in the research community at large, based on the underlying citation network.
BIP!Popularity provided by BIP!
influence
This indicator reflects the overall/total impact of an article in the research community at large, based on the underlying citation network (diachronically).
BIP!Influence provided by BIP!
impulse
This indicator reflects the initial momentum of an article directly after its publication, based on the underlying citation network.
BIP!Impulse provided by BIP!
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