THE INFLUENCE OF CURRENT RATIO, TOTAL ASSET TURNOVER, DEBT-TO-EQUITY RATIO ON PROFIT GROWTH IN HOTEL, RESTAURANT, AND TOURISM SUB-SECTOR COMPANIES LISTED ON THE INDONESIAN STOCK EXCHANGE IN THE PERIOD OF 2018-2022

Abstract

The following are the objectives of this study yet they are aimed at explaining the interacted relationship between current ratio, total asset turnover and debt–equity ratio on profit growth. The target population of this study is the population of all fields of hotel, restaurant and tourism sub-sector companies which are listed on the Indonesian stock exchange in the 2018-2022 period and 24 firms in total. However, it is however clear that this study uses a purposive sampling, which is performed derived from the very some particular factors. In this study technique of data analysis is Multiple Regression Analysis. It uses SPSS software more so the advanced version of the software often referred to as the SPSS 26. From the hypotheses test results, it could be deduced that the current ratio significantly positively relates with profit growth, the total asset turnover significantly positively relates with profit growth, the debt-equity ratio significantly positively relates with profit growth, and all the three variables: that the current ratio total asset turnover and debt equity ratio have a very high and significant joint impact on the profit growth in the current year.