The Effect of Liquidity, Solvency, and Operational Efficiency on the Profitability of PT Indofood Sukses Makmur Tbk for the Period 2020–2024
Keywords:
Liquidity; Solvency; Operational Efficiency; ProfitabilityAbstract
Fluctuations in profitability within the food and beverage sector indicate differences in companies' ability to manage assets and liabilities during the economic recovery period. This study aims to empirically examine the effect of liquidity, solvency, and operational efficiency on the profitability of PT Indofood Sukses Makmur Tbk during the period 2020 to 2024. The data utilized are quarterly financial statements, which were analyzed using multiple linear regression with SPSS 22. The results indicate that liquidity and operational efficiency have a significant effect on profitability, whereas solvency does not have a significant effect. Simultaneously, the three variables collectively have a significant impact on profitability. This study is expected to serve as a reference for management in designing more effective financial strategies to enhance operational efficiency and maintain profit stability, thereby enabling the company to sustain its financial performance amid economic dynamics.
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