Factors Affecting the Financial Performance of Steel Manufacturing Enterprises in the Period of Digital Transformation

Financial performance is efficiency related to the owner's ability to profit from capital. It is the concern of the owners of any organization and its growth over time as the ultimate goal of investors. This article studies the factors affecting financial performance, especially in the digital transformation period. Based on research data taken from 267 steel manufacturing enterprises in the period 2020 - 2023. The author used regression and testing using SPSS26 software. Research results show that there are 5 factors affecting financial performance: (1) size, (2) Asset structure, (3) Capital structure, (4) Growth, (5) Asset turnover ratio. This is the basis for the authors to propose solutions to improve the financial performance of steel manufacturing enterprises during the digital transformation period.