PENGARUH LIKUIDITAS DAN SOLVABILITAS TERHADAP PROFITABILITAS DENGAN MODERASI REVENUE GROWTH PADA PERUSAHAAN MAKANAN DAN MINUMAN PERIODE 2022-2024

Abstract

The research aims to determine the influence of liquidity and solvability on profitability with revenue growth as the moderating variable in food and beverage sector companies listed on the Indonesia Stock Exchange in 2022-2024 period. This research use return on asset for measuring profitability, current ratio for measuring liquidity, debt-to-asset ratio for measuring solvability, and revenue growth as the moderating variable. The research involved 39 in food and beverage sector companies in total. This research can be imply that effective cash management and prudent leverage policy are important for profitability. This research also assist decision-making by external parties. For academic studies this study contributes a demonstrate about revenue growth especially from the result it is shows that revenue growth does not moderated the effect of liquidity and solvability on profitability. The analytical method used in this research is moderated regression analysis. The results of the test show that liquidity has a positive and significant effect on profitability, while solvability has a negative and significant effect on profitability. The results of the test show that liquidity moderated by revenue growth does not have a significant effect on profitability, just as solvability moderated by revenue growth does not have a significant effect on profitability.

Keywords— Profitability, Liquidity, Solvability, Revenue Growth