The Effect of Operational Cash Flow, Sales Growth and Production Costs on Net Profit at PT Mayora Indah Tbk Period 2015-2025

Raysa Fatiah; Tutri Indraswari

doi:10.61536/escalate.v4i4.841

Authors

Raysa Fatiah Pamulang University
Tutri Indraswari Pamulang University

DOI:

https://doi.org/10.61536/escalate.v4i4.841

Keywords:

Net Profit, Operating Cash Flow, Production Costs, Sales Growth

Abstract

This study aims to analyze the relationship of operating cash flow, sales growth, and production costs with net profit at PT Mayora Indah Tbk during the 2015–2025 period, both partially and simultaneously. This study employs a quantitative approach using secondary data obtained from the company's annual financial statements. The data were analyzed using descriptive statistics, classical assumption tests, multiple linear regression, the coefficient of determination, and hypothesis testing using t-tests and an F-test. The partial test results indicate that operating cash flow is not statistically significant in relation to net profit (t = 1.656; p = 0.142), while sales growth is also not statistically significant (t = 0.293; p = 0.778). In contrast, production costs show a statistically significant positive association with net profit (t = 3.606; p = 0.009). The simultaneous test indicates that operating cash flow, sales growth, and production costs are jointly significantly associated with net profit (F = 5.754; p = 0.026). The adjusted coefficient of determination (Adjusted R²) is 0.585, indicating that the model explains 58.5% of the variation in net profit, while the remaining 41.5% is associated with factors outside the model. These findings highlight the importance of considering operating cash flow, sales growth, and production costs together when evaluating the company's net profit, while recognizing that the results do not establish causal relationships.

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