The Effect of Leverage, Liquidity, Capital Structure, Company Size, and Sales Growth on Financial Performance (A Study of Basic Materials Companies Listed on the Indonesia Stock Exchange for the Period 2020-2024)
DOI:
https://doi.org/10.38035/gijea.v3i3.572Keywords:
Leverage, Liquidity, Capital Structure, Company Size, Sales Growth, Financial PerformanceAbstract
The purpose of this study is to examine and analyze the effect of leverage, liquidity, capital structure, company size, and sales growth on financial performance. The population used is basic materials companies listed on the Indonesia Stock Exchange (IDX) from 2020 to 2024. Sampling was conducted using purposive sampling based on predetermined criteria. The method used was quantitative, using secondary data in the form of companies' annual financial reports. The sample in this study consisted of 59 companies, and the observation period was from 2020 to 2024. The findings of this study indicate that leverage, liquidity, and capital structure have a negative effect on financial performance. Meanwhile, company size and sales growth have a positive effect on financial performance.
References
Amalia, Nur, A. dan K. (2021). Pengaruh Ukuran Perusahaan, Leverage Dan Struktur Modal Terhadap Kinerja Keuangan. Jurnal Ilmu Dan Riset Manajemen, 10(5), 1–17.
Ayuningtyas, Helda, Annya, dan Mawardi, W. (2022). Analisis Pengaruh Struktur Modal, Ukuran Perusahaan, Tangibilitas, Dan Pertumbuhan Penjualan Terhadap Kinerja Keuangan Perusahaan Dengan Good Corporate Governance Sebagai Variabel Moderasi (Studi pada perusahaan Barang Konsumen Primer yang terdaftar di bu. Diponegoro Journal of Management, 11(6), 1–13.
Ghozali, Zein., Martini, Rita., Arifin Aryo, Mohammad., Masnoni., Sutandi, Sri., Rinaldi, Muhammad., Saktisyahputra dan Anggraiani, H. (2024). Metodologi Penelitian Akuntansi (Efitra (ed.)). PT. Sonpedia Publishing Indonesia.
Ghozali, I. (2016). Aplikasi Analisis Multivariate dengan Program IBM SPSS 23 (edisi ke 8). Badan Penerbit Universitas Diponegoro.
Ghozali, I. (2018). Aplikasi Analisis Multivariate dengan Program IBM SPSS 25. Badan Penerbit Universitas Diponegoro.
Hutabarat, F. (2020). Analisis Kinerja Keuangan Perushaan (G. Puspitasari (ed.)). Desanta Muliavisitama.
Kalalo, Ryke, Rieneke., Putra, Eka, Johni., Uli, Zarliani, Nur., Ladjin, Nurjanna dan Sudyantara, Catur, S. (2024). The Influence Of Firm Size On Company Performance With Sales Growth As A Moderating Variable. 4, 3510–3519.
Lestari, A., & Effriyanti, E. (2024). Pengaruh Ukuran Perusahaan, Struktur Modal dan Corporate Social Responsibility Terhadap Kinerja Keuangan. MANTAP: Journal of Management Accounting, Tax and Production, 2(2), 1091–1107. https://doi.org/10.57235/mantap.v2i2.3552
Mursidah, M., Yunina, Y., & Rahmi, F. (2023). Pengaruh Free Cash Flow, Pertumbuhan Penjualan Dan Likuiditas Terhadap Kinerja Keuangan Perusahaan Pada Perusahaan Manufaktur Sub Sektor Aneka Industri Yang Terdaftar Di Bursa Efek Indonesia Periode 2019-2021. Jurnal Akuntansi Dan Keuangan, 11(1), 89. https://doi.org/10.29103/jak.v11i1.10331
Oktaviyana, D., Titisari, K. H., & Kurniati, S. (2023). Pengaruh Leverage, Likuiditas, Struktur Modal Dan Ukuran Perusahaan Terhadap Kinerja Keuangan. Journal of Economic, Bussines and Accounting (COSTING), 6(2), 1563–1573. https://doi.org/10.31539/costing.v6i2.5444
Rachmah, N. A., & Susilawati, C. D. K. (2024). Likuiditas, Leverage, dan Pertumbuhan Penjualan Terhadap Kinerja Keuangan Perusahaan Otomotif. Jurnal Ilmiah Akuntansi Dan Keuangan Vol., 13(2), 128–140. https://jurnal.universitasputrabangsa.ac.id/index.php/jiak/article/view/919/438
Sarwindah Budi Utami, & Imronudin. (2024). Pengaruh Struktur Modal, Likuiditas, dan Ukuran Perusahaan Terhadap Kinerja Keuangan Perusahaan. El-Mal: Jurnal Kajian Ekonomi & Bisnis Islam, 5(5), 4031–4038. https://doi.org/10.47467/elmal.v5i5.2358
Sembiring, Sabeth., Shalini, Witya., Mahendra, A., dan Parhusip, P. T. (2024). Pengaruh Ukuran Perusahaan, Struktur Modal dan Likuiditas Terhadap Kinerja Keuangan pada Perusahaan Pertambangan yang Terdaftar di BEI Periode 2020-2022. JRAK, 10(2), 158–171.
Septiano, Renil dan Mulyadi, R. (2023). Pengaruh Likuiditas dan Ukuran Perusahaan Terhadap Kinerja Keuangan Pada Perusahaan Otomotif yang Terdaftar di Bursa Efek Indonesia. Jurnal Akuntasi, 3(2), 525–535. http://repository.itbwigalumajang.ac.id/id/eprint/1100%0Ahttp://repository.itbwigalumajang.ac.id/1100/4/Bab 2_watermark.pdf
Sugiyono. (2016). Metode Penelitian Kuantitatif, Kualitatif dan R&D. PT Alfabet.
Yeni, Fitri., Hady, H. dan E. (2024). Nilai Perusahaan Berdasarkan Determinan Kinerja Keaungan (M. Wardana, Andi (ed.)). Intelektual Manifes Media.
Zanetty, V., & Efendi, D. (2022). Pengaruh Free Cash Flow, Likuiditas, Dan Pertumbuhan Penjualan Terhadap Kinerja Keuangan Perusahaan (Studi Perusahaan Food and Beverage Yang Terdaftar Di Bursa Efek Indonesia). Jurnal Ilmu Dan Riset Akuntansi, 11(2), 1–17.
Downloads
Published
How to Cite
Issue
Section
License
Copyright (c) 2025 Dini Zaskya, Mukhzarudfa, Muhammad Ridwan
This work is licensed under a Creative Commons Attribution 4.0 International License.
Copyright :
Authors who publish their manuscripts in this journal agree to the following conditions:
- Copyright in each article belongs to the author.
- The author acknowledges that the GIJEA has the right to be the first to publish under a Creative Commons Attribution 4.0 International license (Attribution 4.0 International CC BY 4.0).
- Authors can submit articles separately, arrange the non-exclusive distribution of manuscripts that have been published in this journal to other versions (for example, sent to the author's institutional repository, publication in a book, etc.), by acknowledging that the manuscript has been published for the first time at GIJEA.
