The Effect of Working Capital To Total Asset Ratio, Total Asset Turn Over and Net Profit Margin on Profit Growth at PT. Astra Otoparts Tbk Period 2012-2021

Abstract

The purpose of this research is to determine the effect of Working Capital to Total Assets, Debt to Asset Ratio, and Net Profit Margin on Profit growth at PT. Astra Otoparts,  Tbk  either  partially  or  simultaneously.  The  method  used  is  a quantitative method. The sample used is the financial statements of PT. Astra Otoparts, Tbk for 10 years for which panel data has been made. Data analysis using classical assumption test, regression analysis, correlation coefficient analysis, coefficient of determination analysis and hypothesis testing. The results of this study are Working Capital to Total Assets has no significant effect on Profit Growth with a coefficient of determination of 1.4% and hypothesis testing obtained tcount  < ttable  or (0.337 < 2.306) it is also with a significance value of 0.745 > 0.05. Debt to Asset Ratio has no significant effect on Profit Growth with a coefficient of determination of 2.0% and the hypothesis test obtained tcount < ttable or (-0.402 < 2.306) it is also seen with a value of 0.698 > 0.05. Total Asset Turn Over has a significant effect on Profit Growth with a coefficient of determination of 47.7% and the hypothesis test obtained tcount > ttable or (2.703 > 2.306) it is also with a significance value of 0.27 < 0.05. Net Profit Margin has no significant effect on Profit Growth with a coefficient of determination of 11.2% and the hypothesis test obtained tcount  < ttable  or (1.006 < 2.306) it also develops with a significance value of 0.344 > 0.05. Working Capital to Total Assets, Debt to Asset Ratio, Total Asset Turn Over, and Net Profit Margin have a significant effect on Profit Growth with a coefficient of determination of 83.4% while the remaining16.6% is influenced by other factors. Hypothesis testing obtained Fcount > Ftable or(6.271 > 5.190) it is also with a significance value of 0.035 <0.05.