The Influence of Debt to Equity Ratio, Current Ratio, and Total Assets Turnover on Profit Growth in Property and Real Estate Companies on the Indonesian Stock Exchange Period 2020-2023

Abstract

In the business world in Indonesia, competition has grown rapidly, especially in the Property and Real Estate sector. This research aims to determine the effect of debt to equity ratio, current ratio, and total assets turnover on profit growth in property and real estate companies on the Indonesia Stock Exchange. The population in this research is all property and real estate companies on the Indonesia Stock Exchange for the 2020-2023 period. The type of data in this research uses secondary data taken from the Indonesia Stock Exchange website (www.idx.co.id). The sampling technique used was purposive sampling with a sample of 9 companies. The analytical methods used in this research are descriptive analysis and multiple linear regression. The results of this research show that the influence of Debt to Equity Ratio (DER), Current Ratio (CR), and Total Asset Turnover (TATO) on profit growth is simultaneously 40.4%. Partially, Total Asset Turnover (TATO) has no significant effect on profit growth, while the Debt to Equity Ratio (DER), Current Ratio (CR) has a significant effect on profit growth in property and real estate companies on the Indonesia Stock Exchange for the 2020-2023 period.