Analisis Pengaruh Peningkatan Aset dan Aktiva Lancar terhadap Peningkatan Laba pada PT Wijaya Karya Beton Tbk
DOI:
https://doi.org/10.69693/ijmst.v4i3.13140Keywords:
Asset Growth, Current Assets, Net Profit, Multiple Linear Regression, PT Wijaya Karya Beton TbkAbstract
This study aims to analyze the effect of total asset growth and current assets on net profit growth at PT Wijaya Karya Beton Tbk for the period 2015–2024. The research is motivated by the importance of asset and current asset management as key indicators affecting financial performance and profitability in the precast concrete manufacturing sector. A quantitative research design with descriptive and inferential approaches was utilized. Secondary data were collected from the annual financial statements of PT Wijaya Karya Beton Tbk over ten years, retrieved from the Indonesia Stock Exchange. Sampling was conducted using purposive sampling, while data analysis involved multiple linear regression, classical assumption tests, t-test, F-test, and coefficient of determination analysis using IBM SPSS Statistics. The results indicate that partially, asset growth and current assets do not significantly affect net profit growth. Simultaneously, both variables also do not exert a significant impact on profit growth, evidenced by an F-statistic of 0.859 with a significance level of 0.464, exceeding the 0.05 threshold. These findings imply that asset expansion and current asset growth are insufficient to explain net profit variations. Profitability is likely driven by other determinants such as sales volume, operational cost efficiency, capital structure, and macroeconomic dynamics. Consequently, the company should emphasize optimal asset utilization and operational cost management rather than mere asset expansion.
References
1. Arizona, I. P. C., Riandani, A. S., & Novita, S. (2017). Pengaruh perputaran kas, perputaran piutang, dan perputaran persediaan terhadap profitabilitas pada perusahaan manufaktur. Jurnal Akuntansi dan Keuangan Indonesia, 14(2), 145–162.
2. Brigham, E. F., & Ehrhardt, M. C. (2020). Financial Management: Theory & Practice (16th ed.). Boston: Cengage Learning. Dauderis, H., & Annand, D. (2019). Introduction to Financial Accounting (3rd ed.). Athabasca: Lyryx Learning.
3. Donaldson, L., & Davis, J. H. (1991). Stewardship theory or agency theory: CEO governance and shareholder returns. Australian Journal of Management, 16(1), 49–64.
4. Ghozali, I. (2018). Aplikasi Analisis Multivariate dengan Program IBM SPSS 25 (Edisi 9). Semarang: Badan Penerbit Universitas Diponegoro.
5. Gitman, L. J., & Zutter, C. J. (2019). Principles of Managerial Finance (15th ed.). New York: Pearson Education.
6. Hutasoit, R. (2021). Pengaruh total aktiva lancar, total utang, dan modal sendiri terhadap laba bersih pada industri semen di Indonesia. Jurnal Ekonomi dan Bisnis Terapan, 9(1), 33–45.
7. Ikatan Akuntan Indonesia (IAI). (2021). Pernyataan Standar Akuntansi Keuangan (PSAK) No. 1: Penyajian Laporan Keuangan. Jakarta: Dewan Standar Akuntansi Keuangan IAI.
8. Kurniawan, A. (2019). Analisis efisiensi modal kerja dan perputaran aktiva terhadap rasio margin laba pada industri beton. Jurnal Ilmu Manajemen Korporasi, 7(3), 201–215.
9. Nurenti, S. (n.d.). Dampak likuiditas dan efisiensi aset terhadap kinerja laba pada sektor infrastruktur. Jurnal Keuangan dan Perbankan Indonesia, 11(2), 77–89.
10. Poivi, M. (2021). Analisis Pengaruh Rasio Likuiditas dan Solvabilitas terhadap Kinerja Keuangan pada PT Wijaya Karya Beton Tbk (Skripsi tidak dipublikasikan). Makassar: Fakultas Ekonomi dan Bisnis Universitas Kristen Indonesia Paulus.
11. Priskila, C., & Dewi, S. R. (2023). Pengaruh perputaran aset total dan perputaran modal kerja terhadap profitabilitas perusahaan manufaktur di BEI. Jurnal Ilmiah Manajemen Akuntansi, 12(1), 45–58.
12. Ringle, C. M., Sarstedt, M., & Straub, D. W. (2023). Asset structure and corporate profitability in heavy manufacturing industries. Journal of Business Research, 158, 113–128.
13. Virelia Djingga, V., & Agustin Ekadjaja, A. (n.d.). Pengaruh aktiva lancar, kecukupan modal, dan pertumbuhan penjualan terhadap profitabilitas. Jurnal Akuntansi dan Keuangan Bisnis, 8(2), 134–147.
14. Yuliana, L. (2019). Analisis produktivitas aset tetap dan dampaknya terhadap return on assets pada perusahaan publik. Jurnal Riset Akuntansi dan Keuangan, 5(2), 167–180.
15. Indaryani, I., Maryono, M., & Santosa, A. B. (2022). Pengaruh rasio keuangan terhadap pertumbuhan laba pada perusahaan manufaktur tahun 2019–2021. Jurnal Akuntansi Profesi, 13(2), 536–547. https://doi.org/10.23887/jap.v13i02.50911
16. Agustiyana, R. A. (2022). Working capital management and profitability of manufacturing public company in Indonesia. Jurnal Studi Manajemen Organisasi, 17(2), 49–57. https://doi.org/10.14710/jsmo.v17i2.39217
17. Sany, S., Winata, A., & Yasin, T. V. (2023). Working capital management and leverage to profitability: Case of manufacturing firms in Indonesia. International Journal of Organizational Behavior and Policy, 2(1), 55–66. https://doi.org/10.9744/ijobp.2.1.55-66
18. Wardhani, N. K., Junaedi, D., & Khomsiyah, K. (2023). The effect of managerial ownership, working capital management, and executive compensation on company profitability. Jurnal Akuntansi dan Auditing, 20(1), 19–31. https://doi.org/10.14710/jaa.20.1.19-31
19. Kristiana, D., & Karnasi, R. (2024). The effect of working capital management on profitability in manufacturing companies listed on the Indonesia Stock Exchange. Journal of Applied Business, Taxation and Economics Research, 3(3), 232–239. https://doi.org/10.54408/jabter.v3i3.255
20. Rahmawati, M., Anggraeni, P. R., Maulan, S. T., & Haryadi, D. (2024). Working capital and liquidity to the profitability of manufacturing companies listed on the IDX in 2019–2022. International Journal of Applied Finance and Business Studies, 11(4), 740–746. https://doi.org/10.35335/ijafibs.v11i4.215
21. Ruhadi, R., Mai, M. U., & Sudradjat, S. (2024). Working capital and financial performance of Indonesian manufacturing companies: Before and during COVID-19. International Journal of Applied Business Research, 6(1), 66–80. https://doi.org/10.35313/ijabr.v6i01.338
22. Khalifaturofi’ah, S. O., & Setiawan, R. (2024). Profitability of manufacturing firms in Indonesia amidst the pandemic. Etikonomi, 23(2), 497–510. https://doi.org/10.15408/etk.v23i2.35169
23. Data, A., Riwu Manu, R. E. H., Nggandung, Y., & Yewang, M. U. K. (2024). The effect of working capital policy on profitability: Study of manufacturing companies listed in the Indonesia Stock Exchange. Research Journal of Finance and Accounting, 15(10). https://doi.org/10.7176/RJFA/15-10-03
24. Amelya, A., & Dermawan, E. S. (2024). Pengaruh ukuran perusahaan, pertumbuhan aset, likuiditas, dan leverage terhadap profitabilitas perusahaan pada perusahaan manufaktur yang terdaftar di Bursa Efek Indonesia periode 2017–2019. Jurnal Paradigma Akuntansi, 6(2), 861–877. https://doi.org/10.24912/jpa.v6i2.29808
25. Haerunnisah, H., Hermuningsih, S., & Damanik, J. M. (2025). Capital structure and asset growth on firm value: Profitability as a mediating factor in the economic development of manufacturing companies listed on the Indonesia Stock Exchange. International Journal of Economics Development Research, 6(1). https://doi.org/10.37385/ijedr.v6i1.6897
26. Pasaribu, N., Irawan, D., & Hadi, S. P. (2025). The effect of profitability, asset growth, and profit growth on company value: An empirical study of the technology sector listed on the IDX for the 2021–2024 period. International Journal of Economics and Management Research, 4(3), 518–532. https://doi.org/10.55606/ijemr.v4i3.582
27. Victoria, S., Damayanti, S., & Kosadi, F. (2026). The impact of working capital, inventory, and total assets on net profit: A study on trading companies in the retail sub-sector listed on the Indonesia Stock Exchange for the period 2017–2024. Jurnal Indonesia Sosial Sains, 7(3), 987–1003. https://doi.org/10.59141/jiss.v7i3.2287
28. Rosanti, N. O., Dura, J., & Bukhori, M. (2026). ESG performance, capital structure, and working capital and their impact on the profitability of public companies in Indonesia. RISTANSI: Riset Akuntansi, 7(1), 69–94. https://doi.org/10.32815/ristansi.v7i1.2789
29. Isnurhadi, I., Sulastri, S., Bashir, A., & Muizzuddin, M. (2026). Does working capital management strategy affect profitability? Evidence of Indonesian manufacturing companies during the COVID-19 pandemic. Contaduría y Administración, 71(3), e570. https://doi.org/10.22201/fca.24488410e.2026.5356
Downloads
Published
How to Cite
Issue
Section
License
Copyright (c) 2026 Indonesian Journal of Multidisciplinary on Social and Technology
This work is licensed under a Creative Commons Attribution 4.0 International License.
