The Influence of Fixed Assets Investment, Solvency, Working Capital and Free Cash Flow on The Profitability of Manufacturing Companies Listed on The Indonesian Stock Exchange Period 2017-2020
Main Article Content
Arief Nugroho Wibowo
Indah Pangesti
Firdaus Budhy Saputro
This research aims to examine the effect of Fixed Asset Investment, Solvency, Working Capital and Free Cash Flow on Profitability. Several previous studies showed various results. To obtain valid results, a test is carried out on each variable based on the hypothesis that is built. The research population is manufacturing companies listed on the Indonesia Stock Exchange for the 2017-2020 period. The sample used was selected using a purposive sampling method. After eliminating data with several criteria, 57 companies were identified as samples during the 2017-2020 period. Hypothesis testing was carried out using multiple linear regression analysis with the help of IBM SPSS version 25 software. The results of this research show that Fixed Asset Investment, Solvency and Free Cash Flow have an influence on Profitability, while Working Capital has no influence on Profitability.
Bella, L., & Yantri, O. (2021). Pengaruh Kebijakan Hutang Dan Free Cash Flow Terhadap Profitabilitas Pada Perusahaan Makanan Dan Minuman Yang Terdaftar Di Bei Tahun 2014-2019. Zona Keuangan: Program Studi Akuntansi (S1) Universitas Batam, 11(2), 46–56.
Ghozali, I. (2016). Aplikasi analisis multivariete dengan program IBM SPSS 23.
Kamran, M. R., Zhao, Z., & Ambreen, S. (2017). Free cash flow impact on firm’s profitability: An empirical indication of firms listed in KSE, Pakistan. European Online Journal of Natural and Social Sciences, 6(1), pp-146.
Kusumastuti, A., Khoiron, A. M., & Achmadi, T. A. (2020). Metode penelitian kuantitatif. Deepublish.
Lenas, M. N. J., & Aminah, A. (2022). Analisis Rasio Solvabilitas Untuk Menilai Kinerja Keuangan Pada Perumda Air Minum Tirta Bantimurung Kabupaten Maros. Jurnal Online Manajemen ELPEI, 2(2), 403–415.
Nastalim, A., & Hapsari, Y. D. (2020). Analisis Pengaruh Profitabilitas Dan Investasi Aset Tetap Terhadap Nilai Perusahaan Manufaktur (Sub-sektor Konsumsi) Yang Terdaftar Di Bursa Efek Indonesia Pada Tahun 2015-2017. Jurnal Akuntansi Dan Perpajakan Jayakarta, 2(1), 53–66.
Rauf, D. I., Riah, N. A., Nur, Z., Putra, N. A. J., & Latifa, A. (2023). The Influence of Taste, Perceived Price, and Service Quality on Consumer Satisfaction Mixue Ice Cream and Tea in Makassar. Management Economics Trade and Accounting Journal (META-JOURNAL), 1(1), 23–32. Retrieved from https://abadiinstitute.org/index.php/META/article/view/4
Siregar, M. A. P., & Mahendra, D. F. (2023). Faktor-Faktor Penentu Profitabilitas Perusahaan Manufaktur Sektor Industri Barang Konsumsi. Jurnal Manajemen Dan Perbankan (JUMPA), 10(3), 49–58.
Sulistiawati, R. (2012). Pengaruh investasi terhadap pertumbuhan Ekonomi dan penyerapan tenaga kerja serta kesejahteraan masyarakat di Provinsi di Indonesia. Jurnal Ekonomi Bisnis Dan Kewirausahaan, 3(1), 29–50.
Yusuf Abdhul Azis. (2023). Teknik Pengambilan Sampel Penelitian: Macam & Penjelasan. https://deepublishstore.com/. https://deepublishstore.com/blog/teknik-pengambilan-sampel/
