The Effect of Liquidity, Total Assets Turnover, and Receivables Turnover on Profit Growth at Perusahaan Umum Daerah Air Minum Tirta Sewakadarma Denpasar City

Isvari, Ni Putu Dina Meisa and Sudana, I Made and Mandia, I Nyoman (2022) The Effect of Liquidity, Total Assets Turnover, and Receivables Turnover on Profit Growth at Perusahaan Umum Daerah Air Minum Tirta Sewakadarma Denpasar City. Repositori Politeknik Negeri Bali.

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Abstract

Profit growth is the percentage increase and decrease in a company's profit. During the Covid-19 pandemic, Perusahaan Umum Daerah Air Minum Denpasar City was affected by a significant degradation in the company's profit growth over the last 2 (two) years. This research aims to calculate the significance of the effect of liquidity, total asset turnover, and receivable turnover on profit growth by partially or simultaneously at Perusahaan Umum Daerah Air Minum Tirta Sewakadarma Denpasar City. This study is causal associative research with a quantitative approach. The data processed is secondary data, namely monthly financial reports from 2019 to 2021. Determination of the sample by applying a saturated sample. The data processing technique applied is multiple linear regression analysis with the IBM SPSS version 26 application. The results of this study show that liquidity partially has a significant negative effect on profit growth, while total asset turnover and receivable turnover partially have a significant positive effect on profit growth. The results of the study simultaneously showed that liquidity, total asset turnover, and receivables turnover had a significant effect of 64,9% on profit growth at Perusahaan Umum Daerah Air Minum Tirta Sewakadarma Denpasar City.

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