THE EFFECT OF REVENUE AND OPERATING COSTS ON PT ASTRA AGRO LESTARI TBK NET PROFIT

Abstract

This study aims to analyze the impact of revenue and operating costs on PT Astra
Agro Lestari Tbk's net profit for the period 2014 to 2023. By applying descriptive
quantitative methods and multiple linear regression analysis using SPSS software
version 26, this study utilizes secondary data from the company's annual financial
statements. The results of the classical assumption test showed that the regression
model met the criteria of normality, freedom from multicollinearity,
heteroscedasticity, and autocorrelation, making it worthy of further analysis.
However, the t-test results showed that individually, revenue and operating expenses
had no significant influence on net profit, with significance values of 0.545 and 0.609,
respectively. The results of the simultaneous F test also showed that the two
independent variables together did not significantly affect the net profit, with a
significance value of 0.821. These findings suggest that changes in a company's net
profit are not directly determined by fluctuations in revenue or operating costs,
suggesting that other factors such as operational efficiency, commodity prices, and
industry strategy may play a greater role. This study contributes to the agribusiness
finance literature in Indonesia and encourages the development of more
comprehensive analytical models in future research.