Determinants of Profitability in the Consumer Non-Cyclicals Sector: The Moderating Effect of Firm Size on Financial Performance
DOI:
https://doi.org/10.32832/neraca.v21i2.24173Kata Kunci:
Firm Size, Financial Perfomance, Profitability, LeverageAbstrak
This study examines how sales growth, how effectively a company controls its expenses, and how it manages its working capital impact its profitability.It also takes into account the size of the company as a factor that might influence these relationships. The study uses a quantitative method to look at panel data from 107 consumer non-cyclical companies that are listed on the Indonesia Stock Exchange between 2022-2024, which gives a total of 321 data points. The data were analyzed using Moderated Regression Analysis, which is a method for examining how the relationship between variables changes under different conditions. The results show that being efficient with operating costs and managing working capital well can help increase profitability, but growth in sales does not have a major effect on profit. The size of a company makes the connection between working capital and profitability stronger, but it reduces how much operational cost efficiency affects profitability. However, the size of a company does not affect how sales growth relates to profitability.
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