Analisis Aktivitas Keuangan Dan Pengelolahan Utang Dalam Mengukur Kemampuan Laba Perusahaan

Abstract

The purpose of this study is to analyze the effect of financial activities and debt management on the profitability of hotel industry companies listed on the Indonesia Stock Exchange during the period of 2021-2023. The method used is quantitative analysis with data collection techniques through document analysis and financial statements of the companies. This study employs multiple linear regression to examine the impact of independent variables on the dependent variable. The results show a significant negative relationship between financial activity and profitability, meaning that as asset turnover increases, the company's profitability decreases. Meanwhile, debt management shows a positive relationship with profitability, but its impact is not significant. Therefore, this study provides insight that asset utilization efficiency does not always correlate with profit improvement, and long-term debt management does not have a significant effect on the profitability of hotel industry companies.