Pengaruh Operating Profit Margin dan Total Asset Turnover terhadap Return on Investment pada Subsektor Konstruksi yang Terdaftar di BEI Tahun 2021-2025

Widya Nursanti; Hardani Hardani

doi:10.61132/jutrabidi.v3i4.1554

Authors

Widya Nursanti Universitas Bina Sarana Informatika
Hardani Hardani Universitas Bina Sarana Informatika

DOI:

https://doi.org/10.61132/jutrabidi.v3i4.1554

Keywords:

Construction Subsector, Du Pont System, Operating Profit Margin, Return on Investment, Total Asset Turnover

Abstract

The construction subsector accounts for around 10-11 percent of national GDP, but post-Covid-19 pandemic faces pressure on operational efficiency and asset productivity. Return on Investment (ROI) is an important indicator to assess the effectiveness of management in generating profits from investment, so the factors that form ROI, namely Operating Profit Margin (OPM) and Total Asset Turnover (TATO) within the framework of the Du Pont System, need to be studied more deeply in companies in the construction subsector. This study aims to determine the influence of OPM and TATO on partial or simultaneous ROI in construction subsector companies listed on the Indonesia Stock Exchange (IDX) for the 2021-2025 period. The research method used is a quantitative approach with SPSS software version 27. The sample was determined through purposive sampling so that 14 companies with an observation period of 5 years produced 70 observation data from the IDX's official annual financial statements. Data analysis used multiple linear regression with a bootstrapping approach of 1,000 replication samples because the residual data was not normally distributed. The results showed that OPM partially had a positive and significant effect on the ROI of t-calculation (5,250) > t-table (1,996). Similarly, TATO has a positive and significant effect on ROI partially t-calculated (3,299) > t-table (1,996). Simultaneously, OPM and TATO had a positive and significant effect on the ROI of F-calculation (25.916) > F-table (3.13) with a determination contribution (adjusted R2) of 41.9%.

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