The Effect of Liquidity, Sales Growth and Asset Turnover on Financial Performance in Energy Sector Companies Listed on the Indonesia Stock Exchange in 2021-2024

Abstract

The purpose of this study is to determine how liquidity, sales growth, and asset turnover affect the financial performance of energy companies listed on the Indonesia Stock Exchange in 2021-2024. The data source used in this study is secondary data obtained from company financial reports on the Indonesia Stock Exchange website with a total of 68 companies as research samples. The research method used is quantitative with data analysis techniques in the form of panel data regression analysis. The research data was processed using the Eviews version 12 application. The results show that liquidity affects financial performance, as do sales growth and asset turnover. Based on these results, companies are advised to maintain liquidity, increase sales growth, and optimize asset utilization to improve financial performance in a sustainable manner. Regulators are expected to support transparency and stability in corporate financial performance. Meanwhile, investors can use information on liquidity, sales growth, and asset efficiency as a basis for investment decisions.