PENGARUH FAKTOR INTERNAL KEUANGAN TERHADAP PROFITABILITAS PERUSAHAAN EMITEN ENERGI DI BEI TAHUN 2021 – 2023

Abstract

This research examines the influence of liquidity, solvency, and sales growth on the profitability of energy companies listed on the Indonesia Stock Exchange during 2021–2023. The study utilizes a quantitative method with panel data regression across 132 observations. Results indicate that liquidity and solvency have no significant partial effect, while sales growth shows a significant positive relationship with profitability. Simultaneously, all variables significantly affect profitability. These findings highlight that enhancing sales performance is crucial for improving company profitability.