ANALISIS FAKTOR-FAKTOR YANG MEMPENGARUHI PROFITABILITAS PERUSAHAAN PERTAMBANGAN BATUBARA YANG TERDAFTAR DI BEI PERIODE 2020-2023

Abstract

The coal mining industry plays an important role in national economic growth, despite experiencing fluctuations during 2020-2023 due to the COVID-19 pandemic and its recovery. This study analyzes financial performance, particularly profitability measured by Gross Profit Margin (GPM), with independent variables including Debt to Equity Ratio (DER), Total Asset Turnover (TATO), firm size, and company growth. A hypothetico-deductive method with a causal approach was applied to coal companies listed on the Indonesia Stock Exchange (IDX) from 2020 to 2023, using purposive sampling and financial statement data analysis with SPSS 26. The results indicate that DER, TATO, and firm size significantly influence profitability partially, while company growth does not. Simultaneously, all variables have an effect. The implication is that companies are advised to prioritize the management of DER, TATO, and firm size to improve profitability. Further research could include additional variables, extend the period, or cover other sectors.