THE ROLE OF CURRENT RATIO (CR), DEBT TO EQUITY RATIO (DER), AND TOTAL ASSET TURNOVER (TATO) ON RETURN ON ASSET (ROA) IN MULTI-INDUSTRIAL SECTOR MANUFACTURING COMPANIES THAT REGISTERED TO THE INDONESIA STOCK EXCHANGE FOR 2015-2019
DOI:
https://doi.org/10.31933/dijms.v2i6.921Keywords:
Current Ratio, Debt to Equity Ratio, Total Asset Turnover, Return on Asset.Abstract
The research intention was to investigate further relates to the impact caused by Current Ratio (CR), Debt to Equity Ratio (DER), and Total Asset Turnover (TATO) to Return on Assets (ROA) in Manufacturing Companies in the Multi-Industrial Sector which registered on the Indonesia Stock Exchange during 2015 -2019. This research were used a descriptive verification method and secondary data to be processed. The sampling technique used was purposive sampling with total sample of 9 companies. Research approach which applied here was multiple regression analysis method. And it has the result which indicate that the role of CR, DER, and TATO on ROA was simultaneously significant of 34.4%. However, there has partially impact which only occured on CR and TATO to ROA.
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Hery. (2015). Analisis Laporan Keuangan, Edisi 1. Yogyakarta: Center for Academic Publishing Services.
Indriyani, I., Panjaitan, F., & Yenfi. (2017). Analisis Pengaruh Current Ratio Dan Total Asset Turnover Terhadap Return On Asset (Studi Kasus Pada PT Pelabuhan Indonesia II (Persero) Cabang Pangkalbalam). Jurnal Imliah Akuntansi Bisnis & Keuangan, 10(02), 2355–9047.
Irman, M., & Purwati, A. A. (2020). Analysis On The Influence Of Current Ratio, Debt to Equity Ratio and Total Asset Turnover Toward Return On Assets On The Otomotive and Component Company That Has Been Registered In Indonesia Stock Exchange Within 2011-2017. International Journal of Economics Development Research (IJEDR), 1(1), 36-44.Kasmir. (2016). Analisis Laporan Keuangan. Jakarta: Raja Grafindo Persada.
Mawarsih, S., Ramadhani, F., Irawati, L., & Fadillah, N. (2020). Total Assets Turnover, Debt to Asset Ratio dan Debt to Equity Ratio Terhadap Return on Assets pada Perusahaan Sub Sektor Asuransi. Jurnal Ekonomi, Keuangan Dan Perbankan Syariah, 4(1), 34–45.
News from CNBC Indonesia. (January, 4th 2021). Perang Dagang, Picu Saham Aneka Industri Drop Puluhan Persen. https://www.cnbcindonesia.com/market/20191002120355-17-103815/
Sari, A. K., & Nurhawaeny, E. (2019). Pengaruh Current Ratio, Debt To Equity Ratio, dan Total Asset Turnover Terhadap Return On Asset Pada Perusahaan Makanan Dan Minuman Yang Terdaftar di IDX LQ45. Jurnal Proaksi, 6(1), 21-34.
Setiawan, E. (2020). Pengaruh Current Ratio, Inventory Turnover, Debt To Equity Ratio, Total Asset Turnover, Sales, Dan Firm Size Terhadap Roa Pada Perusahaan Food And Beverage Yang Terdaftar Di Bursa Efek Indonesia (Bei) Periode 2010-2013. Ekp, 13.
Solihah, Y. (2015). Pengaruh Struktur Modal dan Profitabilitas terhadap Harga Saham Perusahaan Sektor Aneka Industri yang terdaftar di Bursa Efek Indonesia. Doctoral Dissertation. Universitas Pendidikan Indonesia. Jakarta.
Sujarweni, V. W. (2017). Analisis Laporan Keuangan: Teori, Aplikasi, & Hasil Penelitian. Yogyakarta: Pustaka Baru Press.
Sutrisno. (2013). Manajemen Keuangan Teori Konsep & Aplikasi. Yogyakarta: EKONISIA.
Syamsudin, L. (2011). Manajemen Keuangan Perusahaan. Jakarta: PT Raja Grafindo Persada.
Tambunan, J. T. A., & Prabawani, B. (2018). Pengaruh Ukuran Perusahaan, Leverage Dan Struktur Modal Terhadap Kinerja Keuangan Perusahaan (Studi Pada Perusahaan Manufaktur Sektor Aneka Industri Tahun 2012-2016). Diponegoro Journal Of Social And Politic, 1–10.
Thoyib, M., Firman, F., Amri, D., Wahyudi, R., & Melin, M. A. (2018). Pengaruh Current Ratio, Debt To Asset Ratio, Debt To Equity Ratio Dan Total Asset Turnover Terhadap Return On Assets Pada Perusahaan Roperti Dan Real Estate Di Bursa Efek Indonesia. Akuntanika, 4(2), 10-23..
Winasis, K., Chandrarin, G., & Harmono. (2020). Analysis of the Effect of Current Ratio, Cooperative Size, Debt to Equity Ratio and Number of Members on Return On Assetsat Primkop Kartika Puskop LineKartika Bhirawa Anoraga, Indonesia. International Journal of Advances in Scientific Research and Engineering, 06(08), 12–18. https://doi.org/10.31695/ijasre.2020.33855
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Published
2021-08-23
How to Cite
Damayanti, E., & Chaerudin, C. (2021). THE ROLE OF CURRENT RATIO (CR), DEBT TO EQUITY RATIO (DER), AND TOTAL ASSET TURNOVER (TATO) ON RETURN ON ASSET (ROA) IN MULTI-INDUSTRIAL SECTOR MANUFACTURING COMPANIES THAT REGISTERED TO THE INDONESIA STOCK EXCHANGE FOR 2015-2019. Dinasti International Journal of Management Science, 2(6), 915–924. https://doi.org/10.31933/dijms.v2i6.921
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