Fundamental Analysis on Company Performance in the Health Care Service Sector Companies Listed on the IDX for the Period 2015-2019

Abstract

This study aims to analyze the effect of profitability, solvability, and rentability on company
performance in health care services sector companies listed on the IDX for the period 2015-
2019. This study uses company performance because the variable that is proxied by the
Tobin’s Q Theory. Whereas the independent variables are Profitability with Return on Assets
(ROA), Solvability with Debt to Equity Ratio (DER), and Rentability with Net Profit Margin
(NPM). This analysis could be a causative analysis with a quantitative approach. The study
population is all health care sector companies listed on the IDX for the 2015-2019 period.
The sample obtained relies on a purposive sampling technique, and obtained by four
companies. The data are analyzed using multiple linear regression assessment. The analysis
result shows that the variables profitability, solvability, and rentability simultaneously
influence the company performance.