COMPANY FINANCIAL PERFORMANCE: THE ROLE OF CAPITAL STRUCTURE, RENTABILITY, AND LIQUIDITY IN FOOD AND BEVERAGE MANUFACTURING SUBSECTOR COMPANIES FOR THE 2022-2024 PERIOD

Erny Amriani Asmin; Awa; Fina Aprilia

doi:10.61677/count.v4i2.997

Authors

Erny Amriani Asmin Management Study Program, Faculty of Economics and Business, Djuanda University
Awa Management Study Program, Faculty of Economics and Business, Djuanda University
Fina Aprilia Management Study Program, Faculty of Economics and Business, Djuanda University

DOI:

https://doi.org/10.61677/count.v4i2.997

Keywords:

Financial performance, capital structure, rentability, liquidity, panel data regression.

Abstract

Businesses in the food and drink manufacturing subsector encounter a number of challenges that could impact their capacity to turn a profit and sustain financial success. Consideration of internal factors including capital structure, rentability, and liquidity may improve a company's financial performance. Capital structure, rentability, and liquidity are the three main focuses of this study, which intends to analyze the financial performance of food and beverage manufacturing companies listed on the Indonesia Stock Exchange from 2022 to 2024. This research employs a quantitative technique predicated on a theory of causation. As part of the sample technique, purposive sampling is used. Financial reports from manufacturing businesses are utilized as research data, and panel data regression using EViews 13 is used to analyze them. The research found that when capital structure, rentability, and liquidity are considered together, they have a favorable and substantial impact on financial performance. Capital structure and rentability have a positive and substantial effect on financial performance, but liquidity has little effect. The highest regression coefficient value indicates that rentability is the most important component in determining financial success. Capital structure management, rentability enhancement, and liquidity control are three areas that may improve the company's financial performance.

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