The Effect of Return on Asset Ratio, Debt to Equity Ratio and Sales Growth on Company Value at PT Multi Indocitra Tbk for the 2015-2024 Period
DOI:
https://doi.org/10.58174/ijimes.v1i3.52Keywords:
Return on Asset Ratio; Debt To Equity Ratio; Sales Growth; Company Value.Abstract
The purpose of this study is to determine the effect of Return on Asset Ratio, Debt To Equity Ratio and Sales Growth on Company Value at PT Multi Indocitra Tbk for the 2015-2024 Period. The method used is quantitative. The sampling technique uses saturated sampling and obtained a sample of 10 years, namely the financial statements of PT Multi Indocitra Tbk for the 2015-2024 period. Data analysis uses descriptive analysis, classical assumption test, regression analysis, correlation coefficient, determination coefficient and hypothesis test. The population in this study is a 10-year panel financial statement. Methods of data collection observation, documentation and literature study. The result of this study is that the Return on Asset Ratio does not have a significant effect on the Company's Value with a hypothesis test obtained by t calculated < t table or (2.075 < 2.447). The Debt To Equity Ratio has no significant effect on the Company's Value with the hypothesis test obtained t > t table or (-1.388 < 2.447). Sales Growth has a significant effect on Company Value with hypothesis tests obtained t count > t table or (3,716 > 2,447). Return on Asset Ratio, Debt To Equity Ratio and Sales Growth simultaneously have a significant effect on the Company's Value with a regression equation Y = 0.382 + 0.015X1 - 0.002X2 + 0.003X3, nii coefficient of determination is 57.8% while the remaining 42.2% is influenced by other factors. The hypothesis test obtained the value of F calculated > F table or (5.113 > 4.76).
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