ANALISIS PENGARUH EFISIENSI OPERASIONAL DAN PROFITABILITAS TERHADAP NILAI PERUSAHAAN SEKTOR PERTAMBANGAN PERIODE 2020-2024

Abstract

This study aims to analyze the effect of operational efficiency and profitability on firm value in the mining sector listed on the Indonesia Stock Exchange during the 2020–2024 period. Operational efficiency is proxied by Working Capital Turnover and Total Assets Turnover, while profitability is proxied by Net Profit Margin and Return on Assets. Firm value is measured using Price to Book Value (PBV). This study uses a quantitative approach with multiple linear regression. The results show that partially, Working Capital Turnover, Total Assets Turnover, and Net Profit Margin have a negative and significant effect on Price to Book Value, while Return on Assets has a positive and significant effect. Simultaneously, all independent variables have a significant effect on firm value. These results indicate that operational efficiency and profitability are important factors influencing market perceptions of firm value. Therefore, companies need to manage their assets and working capital efficiently and maintain profitability to increase their value in the eyes of investors