Financial Performance and Equity Growth Valuation

Authors

  • Debbie Christine Widyatama University, Bandung, Indonesia
  • Apriwandi Apriwandi Widyatama University, Bandung, Indonesia
  • Putri Rizki Maulani Widyatama.University, Bandung, Indonesia
  • Martha Veronica Widyatama University, Bandung, Indonesia

DOI:

https://doi.org/10.38035/dijemss.v8i1.6681

Keywords:

Return on Assets, Debt to Equity Ratio, Inventory Turnover, Equity Growth

Abstract

This study examines the effects of return on assets (ROA), debt-to-equity ratio (DER), and inventory turnover (ITO) on equity growth (EG) among textile and garment manufacturing companies listed on the Indonesia Stock Exchange (IDX) during the 2016–2021 period. The sample for the research was taken using purposive sampling technique, resulting in a sample of 16 companies based on predetermined criteria. The data used in this research is secondary data in the form of financial reports of the companies published by Indonesia Stock Exchange during the research period. The data were analyzed using panel data regression. The results show that ROA and DER are positively and significantly associated with equity growth, whereas ITO shows a positive but statistically insignificant association. The model explains 95.36% of the variation in equity growth.

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2026-10-17

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Christine, D., Apriwandi, A., Maulani, P. R., & Veronica, M. (2026). Financial Performance and Equity Growth Valuation. Dinasti International Journal of Education Management and Social Science, 8(1), 414–423. https://doi.org/10.38035/dijemss.v8i1.6681

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Vol. 8 No. 1 (2026): Dinasti International Journal of Education Management and Social Science (October - November 2026)

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Copyright (c) 2026 Debbie Christine, Apriwandi Apriwandi, Putri Rizki Maulani, Martha Veronica

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