Pengaruh ROA, CR, dan Sales Growth terhadap Earning Growth dengan Mediasi DPR pada Perusahaan Ritel di IDX 2020-2024

Rima Melati; Nurkholik Nurkholik; Azis Fathoni

doi:10.61132/jutrabidi.v3i4.1695

Authors

Rima Melati Universitas Pandanaran
Nurkholik Nurkholik Universitas Pandanaran
Azis Fathoni Universitas Pandanaran

DOI:

https://doi.org/10.61132/jutrabidi.v3i4.1695

Keywords:

Current Ratio, Dividend Payout Ratio, Earning Growth, Return on Assets, Sales Growth

Abstract

This research aims to examine the effect of return on assets, current ratio, and sales growth on earning growth, with dividend payout ratio as an intervening variable in retail companies listed on the Indonesian Stock Exchange during the 2020–2024 period. The sample consisted of 14 companies (70 observations) selected through purposive sampling. The analytical methods applied were multiple linear regression and path analysis SPSS 27. The results show return on assets and current ratio have a positive and significant effect on dividend payout ratio, while sales growth has no significant effect. Return on assets positively affects earning growth, whereas current ratio has a negative significant effect. Sales growth and dividend payout ratio do not significantly affect earning growth. The path analysis reveals dividend payout ratio does not mediate the effects of return on assets and sales growth on earning growth, but it mediates the effect of current ratio on earning growth. These findings indicate profitability plays an important role in improving earnings growth, while effective liquidity management is essential to support corporate performance.

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