PENGARUH PERTUMBUHAN PENJUALAN DAN STRUKTUR MODAL TERHADAP PERTUMBUHAN LABA DENGAN FIRM SIZE SEBAGAI VARIABEL KONTROL PADA SUBSEKTOR FOOD AND BEVERAGE YANG TERDAFTAR DI BEI PERIODE 2020 – 2024

Faridah Rahmawati; Cynthia Eka Violita

doi:10.31961/ijaaf.v6i1.15720

Penulis

Faridah Rahmawati Universitas Nahdlatul Ulama Sidoarjo
Cynthia Eka Violita Universitas Nahdlatul Ulama Sidoarjo

DOI:

https://doi.org/10.31961/ijaaf.v6i1.15720

Kata Kunci:

Capital Structure, Financial Performance, Firm Size, Profit Growth, Sales Growth

Abstrak

Penelitian ini bertujuan untuk menganalisis pengaruh pertumbuhan penjualan dan struktur modal terhadap pertumbuhan laba dengan firm size sebagai variabel kontrol pada perusahaan subsektor food and beverage yang terdaftar di Bursa Efek Indonesia periode 2020–2024. Penelitian menggunakan metode kuantitatif dengan pendekatan asosiatif. Data yang digunakan merupakan data sekunder yang diperoleh dari laporan keuangan perusahaan. Sampel penelitian ditentukan menggunakan teknik purposive sampling. Analisis data dilakukan menggunakan regresi data panel. Hasil penelitian menunjukkan bahwa pertumbuhan penjualan berpengaruh positif dan signifikan terhadap pertumbuhan, struktur modal yang diproksikan dengan Debt to Equity Ratio (DER) tidak berpengaruh signifikan terhadap pertumbuhan laba. Firm size sebagai variabel kontrol juga tidak berpengaruh signifikan terhadap pertumbuhan laba. Hasil uji simultan menunjukkan bahwa pertumbuhan penjualan, struktur modal, dan firm size secara bersama-sama berpengaruh signifikan terhadap pertumbuhan laba. Nilai Adjusted R-Squared sebesar 0,146947 menunjukkan bahwa variabel penelitian mampu menjelaskan variasi pertumbuhan laba sebesar 14,69%, sedangkan sisanya sebesar 85,31% dijelaskan oleh faktor lain di luar model penelitian. Penelitian ini menunjukkan bahwa pertumbuhan penjualan merupakan faktor utama yang memengaruhi pertumbuhan laba pada perusahaan subsektor food and beverage selama periode penelitian.

Kata Kunci: Pertumbuhan Penjualan, Struktur Modal, Pertumbuhan Laba, Firm Size, Kinerja Keuangan

Unduhan

Data unduhan belum tersedia.

Referensi

Abbas, D. S., Winda Ningsih, & Susilawati. (2020). Economic Performance: Companies In The Food And Beverage Subsector Listed On The Indonesia Stock Exchange. 2, 252–261.

Alfitri, I. D. (2020). The Effect Of Profitability Ratios, Activity Ratios, And Company Size On Profit Growth.

Apriliani, S. (2024). The Effects Of Capital Structure, Activity, Liquidity, And Company Size On Profit Growth (An Empirical Study Of Companies In The Food And Beverage Subsector Listed On The Indonesia Stock Exchange From 2016 To 2020). 1(1), 1–17.

Ardiansyah, B. Y. P., Mas’adah, N., Febrianti, D., & Astuti, S. Y. (2025). The Impact Of Production Costs, Operating Costs, Promotion Costs, And Sales Growth On Net Income At Companies In The Food And Beverage Subsector Listed On The Bei From 2019 To 2023. 6(1), 173–189. Https://Doi.Org/Https://Doi.Org/10.31967/Jakuma.V6i1.1511

Asih, M. D., & Dewanti, M. A. (2024). The Effect Of Firm Size, Total Assets Turnover, And Debt-To-Equity Ratio On Return On Assets In Companies In The Oil, Gas, And Coal Subsector Listed On The Indonesian Stock Exchange. 6(3), 460–469. Https://Doi.Org/Https://Doi.Org/10.23887/Pjmb.V6i3.77239

Fajriah, A. L., Idris, A., & Nadhiroh, U. (2022). The Effects Of Sales Growth, Company Growth, And Company Size On Company Value. 7(1), 1–12. Https://Journal.Undiknas.Ac.Id/Index.Php/Manajemen

Fathoni, R., & Syarifudin. (2021). The Effect Of Capital Structure On Profitability, With Firm Size As A Moderating Variable (A Study Of Companies In The Jii Index For The 2017–2019 Period). 7(03), 1347–1356. Https://Doi.Org/Https://Doi.Org/10.29040/Jiei.V7i3.2761

Ghozali, I. (2021). Multivariate Analysis Applications Using Ibm Spss 26, 10th Edition.

Halim, E. D., & Chrisnanti, F. (2023). The Effect Of Financial Performance And Other Factors On Earnings Management In Manufacturing Companies. 3(2), 451–460. Https://Doi.Org/Https://Doi.Org/10.34208/Ejatsm.V3i2.2117

Hasriyono, Diandra, K. M., & Karina, P. (2025). Factors Affecting Profit Growth. 10, 55–66. Https://Doi.Org/10.34127/Jrakt.V10i1.1533

Iskandar, Y., Pratama, A. B., Ardhiyansyah, A., & Kurniawan, K. (2024). Investigating The Relationship Between Market Competition, Technology Adoption, And Sustainability Practices In Value Cocreation And Social Entrepreneurship Initiatives In Indonesia. 25(3), 1200–1219. Https://Doi.Org/Https://Doi.Org/10.33736/Ijbs.8576.2024

Khairunnisa, N., Nurfadillah, M., & Saputra, P. H. (2025). The Effect Of Capital Structure And Company Size On Earnings Growth In Food And Beverage Companies Listed On The Indonesia Stock Exchange (Idx). Neraca Keuangan : Jurnal Ilmiah Akuntansi Dan Keuangan, 20(2), 394–404. Https://Doi.Org/10.32832/Neraca.V20i2.20732

Maharani, I., Jamal, S. W., & Fauziah, F. (2025). The Effect Of Sales Growth And The Debt-To-Equity Ratio On Profit Growth In The Food And Beverage Subsector Listed On The Indonesia Stock Exchange For The Period 2015–2024. 4(2). Https://Doi.Org/Https://Doi.Org/10.59086/Jam.V4i2.880

Mahrani, W. S., & Triyono. (2022). The Impact Of The Covid 19 Pandemic On Company Financial Performance (Case Study Of A Food & Beverage Company Listed On The Idx). 2024(2), 1–9. Https://Doi.Org/Https://Doi.Org/10.29103/Jak.V10i2.7064

Maulana, Y., & Mesyani, E. (2023). Effect Of Sales Growth, Profitability, Liquidity, And Leverage On Profit Growth. 24(01), 1–7.

Mustaqim, M. (2020). The Effect Of Roe, Dar, Der, And Ear On Roa, With Npm And Csr As Intervening Variables. 5, 81–92.

Paramida, N., & Rachmawati, T. (2024). The Effect Of Production Costs, Operating Costs, And Sales Volume On Net Income In The Food And Beverage Industry Among Companies Listed On The Indonesian Stock Exchange From 2021 To 2023. 9(204), 3732–3741. Https://Doi.Org/Https://Doi.Org/10.30651/Jms.V9i5.24957

Putri, T. E., & Andriansyah. (2022). The Effects Of Capital Structure, Firm Size, And Sales Growth On Profit Growth. 2022, 16–28. Https://Doi.Org/Https://Doi.Org/10.35310/Jass.V4i01.969

Ridhoa, R. A., & Rismawandi. (2024). The Effects Of Financial Performance, Capital Structure, Company Size, And Sales Growth On Company Value (An Empirical Study Of Manufacturing Companies In The Food And Beverage Subsector Listed On The Indonesia Stock Exchange, 2019–2023). 1(5), 34–43. Https://Doi.Org/Https://Doi.Org/10.69714/19yhgt07

Risdaini, Y., Suryati, A., Wiyani, N. T., & Arigawati, D. (2024). The Impact Of Operating Costs And Sales Growth On Net Income At Companies In The Food And Beverages Subsector Listed On The Indonesia Stock Exchange, 2019–2023. Jurnal Ekonomi, Manajemen, Akuntansi, 3(6), 2122–2133. Https://Doi.Org/Https://Doi.Org/10.56799/Ekoma.V3i6.5292

Ruskianti. (2023). The Impact Of The Covid-19 Pandemic On Business Performance In Kendari (A Case Study Of The Food Service Industry). 8, 70–81. Https://Doi.Org/Https://Doi.Org/10.33772/Jpep.V8i1.257

Sembiring, J. C., Sitepu, W. R. B., Katharina, N., Sipahutar, T. T. U., & Asmara, L. (2023). The Effect Of Gross Profit Margin, Net Profit Margin, And Sales Growth On Profit Growth In Manufacturing Companies Listed On The Indonesian Stock Exchange (Bei) From 2019 To 2023. Akuntansi Prima, 5(2), 124–141. Https://Doi.Org/Https://Doi.Org/10.34012/Japri.V4i1.5075

Setyowati, J. A. A. (2021). The Effect Of Financial Performance And Company Size On Profit Growth In Pharmaceutical Companies.

Suleman, I., Machmud, R., & Dungga, M. F. (2023). Analysis Of Factors Affecting Profit Growth In Companies In The Food And Beverage Subsector Listed On The Indonesia Stock Exchange, 2015–2019. 5(3), 963–974.

Veronica, T. (2021). The Effects Of Sales Growth, Profit Growth, And Liquidity On Company Value In The Food And Beverage Industry.