Mediasi Pertumbuhan Penjualan Pada Pengaruh Rasio Aktivitas Terhadap Profitabilitas
DOI:
https://doi.org/10.47747/snfmi.v3i1.3079Abstract
This study aims to examine the extent to which sales growth mediates the effect of the activity ratio on company profitability. The research subjects were non-financial companies listed on the Indonesia Stock Exchange from 2021 to 2024. The sample size was 387 companies. The test used a random-effects panel-data model. The test results indicate that sales growth can mediate the effect of the activity ratio on profitability. This finding has practical implications for financial management, as it suggests that improving the activity ratio can indirectly enhance profitability by driving sales growth. Cash turnover, inventory, and receivables positively affect sales growth, but cash turnover does not affect profitability. Inventory turnover has a positive effect on profitability, and receivables turnover has a negative impact.
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