Pengaruh Likuiditas terhadap Profitabilitas pada Perusahaan Manufaktur yang Terdaftar di BEI
Keywords:
Likuiditas, Profitabilitas, Perusahaan Manufaktur, Rasio Lancar, Pengembalian AsetAbstract
This study aims to analyze the effect of liquidity on profitability in manufacturing companies listed on the Indonesia Stock Exchange (IDX) during the 2020–2024 period. Liquidity is measured using the Current Ratio (CR), while profitability is measured using Return on Assets (ROA). The research employs a quantitative approach with a simple linear regression method. The population includes all manufacturing companies listed on the IDX, with samples selected through a purposive sampling technique based on the completeness of financial reports. The results indicate that liquidity has a positive and significant effect on the profitability of manufacturing companies. This finding implies that the higher a company’s ability to manage its current assets and meet short-term obligations, the greater its capacity to generate profit. The results support the Liquidity-Profitability Trade-Off Theory and the Pecking Order Theory, emphasizing the importance of efficient liquidity management in maintaining corporate stability and financial performance. Therefore, companies need to maintain an optimal level of liquidity to ensure sustainable profitability.
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