PENGARUH DEBT TO EQUITY RATIO DAN TOTAL ASSET TURNOVER TERHADAP NET PROFIT MARGIN PADA PT WILMAR CAHAYA INDONESIA TBK PERIODE 2014 - 2024

Abstract

The purpose of this study is to determine the partial and simultaneous effects of the Debt To Equity Ratio and Total Asset Turnover on the Net Profit Margin at PT Wilmar Cahaya Indonesia Tbk for the period 2014–2024. This study uses a descriptive quantitative approach. The data used are secondary data obtained from the annual financial reports of PT Wilmar Cahaya Indonesia Tbk for the period 2014–2024. The data analysis methods employed include descriptive statistical analysis, classical assumption tests, multiple linear regression analysis, correlation coefficient analysis, determination coefficient analysis, t-tests, and F-tests. The result of t-calculated -2.519 > t-table 2.306, with significance (0.036 < 0.05), indicates that the Debt to Equity Ratio has a negative and significant effect on the Net Profit Margin. The calculated t-value is -2.690 > t-table 2.306 with significance (0.027 < 0.05), indicating that the Total Asset Turnover has a negative and significant effect on the Net Profit Margin. Simultaneously, the Debt to Equity Ratio and Total Asset Turnover have a significant effect on Net Profit Margin with Fhitung of 4.928 and Ftabel of 4.46, with a significance level of 0.040, which is less than 0.05. The R-Square value is 44%, meaning that the Debt to Equity Ratio and Total Asset Turnover variables together can explain 44% of the variation in Net Profit Margin, while the remaining 56% is influenced by other variables not examined in this study.