The Effect of Return On Asset, Current Ratio, Debt to Asset Ratio, And Total Asset on Profit Growth in the Healthcare Sector on the IDX in 2018-2022
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Abstract
This study's goal is to determine how profit growth is impacted by return on assets, current ratio, debt to asset ratio, and total assets. Companies in the healthcare subsector that were listed on the Indonesia Stock Exchange between 2018 until 2022 were the subject of this study. The 31 healthcare companies that were listed on the Indonesia Stock Exchange made up the study's population. Using specific criteria for purposeful sampling is the sampling strategy employed in this study. For the years 2018–2022, a sample of 17 healthcare sub-sector enterprises was gathered based on the predefined sample selection criteria. The study's findings suggest that profit growth is influenced by return on assets. Profit growth is unaffected by the current ratio, debt to asset ratio, or total assets.
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