Influence Operating Cash Flow , Capital Intensity , and Sales Growth Against Company Value
DOI:
https://doi.org/10.32493/ekop.v6i2.52433Keywords:
Operating Cash Flow, Capital Intensity, Sales Growth, Company ValueAbstract
This study aims to analyze the effect of Operating Cash Flow, Capital Intensity, and Sales Growth on Firm Value. This study was conducted by analyzing the financial statements of companies in the Consumer Non-Cyclical sector listed on the Indonesia Stock Exchange (IDX) during the period 2019 to 2023. The sample used in this study was 33 Consumer Non-Cyclical sector companies listed on the Indonesia Stock Exchange (IDX) during the period 2019 to 2023 using a purposive sampling technique. The data used in this study are secondary data in the form of financial statements from each company that has been used as a research sample. The variables used in this study are Operating Cash Flow (X1) as the first independent variable, Capital Intensity (X2) as the second independent variable, and Sales Growth as the third independent variable, and Firm Value (Y) as the dependent variable. The panel data regression method is used as the research methodology in this study. The analysis of the results of this study uses the help of Eviews 12 Student Version Lite software. The results of this study indicate that the best model is the Random Effect Model (REM). The results of this study indicate that Operating Cash Flow partially has no effect on Company Value, Capital Intensity partially affects Company Value, and Sales Growth partially affects Company Value. Simultaneously, Operating Cash Flow, Capital Intensity, and Sales Growth affect Company Value.
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