Analysis of the Influence of Net Profit Margin (NPM), Debt to Equity Ratio (DER), and Quick Ratio (QR) on Profit Growth in Infrastructure Sector Companies Listed on the IDX

Ulfani Rahman; Nurul huda ,MM; Puji Muniarty MM, AFA

doi:10.63922/ijebir.v5i04.4413

Ulfani Rahman STIE BIMA
Nurul huda ,MM STIE BIMA
Puji Muniarty MM, AFA STIE BIMA

DOI: https://doi.org/10.63922/ijebir.v5i04.4413

Keywords: Profit Growth, Net Profit Margin (NPM), Debt to Equity Ratio (DER), Quick Ratio (QR), Infrastructure Companies.

Abstract

This study aims to analyze the effect of Net Profit Margin (NPM), Debt to Equity Ratio (DER), and Quick Ratio (QR) on profit growth in infrastructure sector companies listed on the Indonesia Stock Exchange (IDX) during the 2020–2024 period. The research employed a quantitative associative approach using secondary data obtained from the annual financial reports of four infrastructure companies selected through purposive sampling. Data analysis was conducted using multiple linear regression with the assistance of SPSS software. The analytical techniques included classical assumption tests, correlation and determination coefficient tests, t-tests, and F-tests. The results indicate that Net Profit Margin (NPM) has a positive and significant effect on profit growth, with a significance value of 0.023 (< 0.05). Meanwhile, Debt to Equity Ratio (DER) and Quick Ratio (QR) do not have a significant partial effect on profit growth, with significance values of 0.443 and 0.718, respectively. Simultaneously, NPM, DER, and QR significantly influence profit growth, as evidenced by the F-test significance value of 0.017 (< 0.05). The coefficient of determination (R²) of 0.460 indicates that 46.0% of the variation in profit growth can be explained by the three independent variables, while the remaining 54.0% is influenced by other factors outside the research model. These findings suggest that profitability, represented by NPM, plays a more important role in increasing profit growth than liquidity and solvency indicators in infrastructure sector companies.

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