The Influence of Activity Ratio Factors on Profitability with Good Corporate Governance as an Intervening Variable
DOI:
https://doi.org/10.54099/ijebm.v4i2.1506Keywords:
Activity Ratio Factors, , Profitability, , Good Corporate GovernanceAbstract
This study aims to test and analyze the influence of activity ratio factors including asset turnover ratio (TATO), account receivable turnover (ARTO), inventory turnover (ITO), and account payable turnover (APTO) on profitability, with good corporate governance (GCG) as a moderating variable in telecommunication companies. The population consists of 18 companies, with 7 companies meeting the criteria and selected as samples. These companies are listed on the Indonesia Stock Exchange for the period from the first semester of 2019 to the second semester of 2023. The study employs panel data regression using financial statement data. The results show that ARTO, ITO, and APTO have no significant effect on GCG, while TATO has a negative effect. ARTO has a significant negative effect on profitability (ROE), whereas ITO and TATO have negative but insignificant effects. GCG does not moderate the relationship between TATO, ARTO, ITO, and APTO and the profitability of telecommunication companies listed on the Indonesia Stock Exchange
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