PENGARUH FINANCIAL LEVERAGE, OPERATING LEVERAGE DAN DEBT TO EQUITY RATIO TERHADAP PROFITABILITAS PERUSAHAAN PERIODE 2018-2021 (Studi Kasus pada Perusahaan Manufaktur Sektor Industri Barang Konsumsi yang Terdaftar di Bursa Efek Indonesia)

Abstract

In the current era of globalization, developments in the world of the manufacturing industry continue to experience growth every year. This causes a lot of competition in the world of business or industry throughout the world. But in 2019, in certain companies there were many shares that went down when net income continued to increase. The need to be aware of what factors can affect the profitability of manufacturing companies in the consumer goods industry sector which are listed on the Indonesia Stock Exchange (IDX) for the 2018-2021 period. This research is to find out the Effect of Financial Leverage (DFL), Operating Leverage (DOL), and Debt To Equity Ratio (DER) on the Profitability (ROA) of Manufacturing Companies in the Consumer Goods Industry Sector for the 2018-2021 period. In this study using multiple linear analysis. The data used is the financial reports of every manufacturing company in the consumer goods industry sector listed on the Indonesia Stock Exchange for the 2018-2021 period. Based on the statistical test results, it shows that Financial Leverage, Operating Leverage, and Debt To Equity Ratio have no effect on the Return On Assets (ROA) profitability of manufacturing companies in the consumer goods industry sector which are listed on the Indonesia Stock Exchange for the 2018-2021 period.

Keywords: Financial Leverage (DFL), Operating Leverage (DOL), Debt To Equity Ratio (DER), Return On Assets (ROA)