THE EFFECT OF FINANCING INCOME AND OPERATIONAL EFFICIENCY ON NET PROFIT AT PT SURYA ARTHA NUSANTARA FINANCE (SANF) PERIOD 2015–2024

Abstract

This study aims to analyze the effect of financing income and operational efficiency
on net profit at PT Surya Artha Nusantara Finance (SANF) during the 2015–2024
period. Financing income is measured through total financing income recorded in the
company's income statement, while operational efficiency is measured using the ratio
of Operating Costs to Operating Income (BOPO). This study uses a descriptive
quantitative approach with secondary data sourced from the company's annual
financial report published through the official website of PT SANF. Data analysis was
carried out through a series of classical assumption tests including normality,
multicollinearity, heteroscedasticity, and autocorrelation tests. Furthermore, multiple
linear regression analysis was applied to test the partial (t-test) and simultaneous (F
test) effects with the help of SPSS software version 25. The results of the study indicate
that simultaneously, financing income and operational efficiency have a significant
effect on net profit with a significance value of 0.013 (<0.05). Partially, financing
income has a positive and significant effect on net profit with a significance value of
0.027, while operational efficiency has a positive but insignificant effect with a
significance value of 0.354. The coefficient of determination (R²) of 0.710 indicates that
71% of the variation in net profit can be explained by the two independent variables,
while the remaining 29% is influenced by factors outside the model, such as funding
costs and credit risk. This finding emphasizes the importance of increasing financing
income and strengthening operational efficiency on the net profit of finance
companies. The results of this study are expected to provide theoretical contributions
to the development of financial management science and provide practical benefits
for finance companies in improving financial performance and competitiveness in the
multifinance industry.