Proceedings of the 9th Global Conference on Business, Management and Entrepreneurship (GCBME 2024)

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Internal Company Factors Influencing Profitability: Analysis of Manufacturing Company in the Food and Beverage Subsector at the Indonesian Stock Exchange

Authors
Salim Siregar1, *, Dian Hakip Nurdiansyah1, Disman Disman2, Nugraha Nugraha2, Gusganda Suria Manda1, Wisnu Miftahul Faris1
1University of Singaperbangsa Karawang, Karawang, Indonesia
2Universitas Pendidikan Indonesia, Bandung, Indonesia
*Corresponding author. Email: salim@fe.unsika.ac.id
Corresponding Author
Salim Siregar
Available Online 12 September 2025.
DOI
10.2991/978-94-6463-817-2_29How to use a DOI?
Keywords
Asset Growth; Debt to Equity Ratio; Net Profit Margin; Return on Equity
Abstract

The objective of this study is to examine the influence of Net Profit Margin (NPM), Debt to Equity Ratio (DER), and Asset Growth on Return on Equity (ROE) in food and beverage manufacturing companies listed on the Indonesia Stock Exchange from 2014 to 2021. This research employs a descriptive quantitative method with a purposive sampling technique, selecting 15 companies. Secondary data is obtained from financial reports, and multiple linear regression analysis is used for hypothesis testing. The results indicate that NPM and Asset Growth significantly affect ROE, whereas DER has no significant impact. These findings suggest that profitability and asset management are crucial in enhancing financial performance, while leverage does not always directly influence shareholder returns. This study contributes to corporate financial management by providing insights into strategic decision-making for improving profitability.

Copyright
© 2025 The Author(s)
Open Access
Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/), which permits any noncommercial use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.

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Volume Title
Proceedings of the 9th Global Conference on Business, Management and Entrepreneurship (GCBME 2024)
Series
Advances in Economics, Business and Management Research
Publication Date
12 September 2025
ISBN
978-94-6463-817-2
ISSN
2352-5428
DOI
10.2991/978-94-6463-817-2_29How to use a DOI?
Copyright
© 2025 The Author(s)
Open Access
Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/), which permits any noncommercial use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.

Cite this article

risenwbib
TY  - CONF
AU  - Salim Siregar
AU  - Dian Hakip Nurdiansyah
AU  - Disman Disman
AU  - Nugraha Nugraha
AU  - Gusganda Suria Manda
AU  - Wisnu Miftahul Faris
PY  - 2025
DA  - 2025/09/12
TI  - Internal Company Factors Influencing Profitability: Analysis of Manufacturing Company in the Food and Beverage Subsector at the Indonesian Stock Exchange
BT  - Proceedings of the 9th Global Conference on Business, Management and Entrepreneurship (GCBME 2024)
PB  - Atlantis Press
SP  - 228
EP  - 240
SN  - 2352-5428
UR  - https://doi.org/10.2991/978-94-6463-817-2_29
DO  - 10.2991/978-94-6463-817-2_29
ID  - Siregar2025
ER  -