Effect of Current Ratio, Debt to Total Asset Ratio, Cash Turnover and Total Asset Turnover on Return on Assets in Food and Beverage Subsector Companies on the IDX 2015 - 2018 Period
Article Sidebar
Main Article Content
Abstract
This study aims to test whether Current Ratio, Debt to Total Asset Ratio, Cash Turnover and Total Asset Turnover have an influence on Return on Assets using the t test and F test. This research method uses a deductive approach, quantitative research types and descriptive research characteristics. . The population of the food and beverage sub-sector companies is 23 companies using purposive sampling, the sample size is 13 industries. The results showed that the partial current ratio has a positive and significant effect on ROA, by means of partial cash turnover has a negative and significant effect on ROA, but by means of partial DAR and TATO it has no effect on ROA. By simultaneous means Current Ratio, Debt to Total Asset Ratio, Cash Turnover and Total Asset Turnover have a significant effect on ROA. According to the exposure to the test results of the coefficient of determination observed through the Adjusted R Square value of 0.644, which means 64.4% of the variation in the dependent variable ROA that can be described by the variables (Current Ratio, Debt to Asset Ratio, Cash Turnover and Total Asset Turnover) where the rest value of 35.6% is influenced by other causes such as cash turnover variables, accounts receivable turnover, working capital.
Downloads
Article Details
[2] Alpi, M. F., & Gunawan, A. (2018). Pengaruh Current Ratio dan Total Assets Turnover Terhadap Return On Assets Pada Perusahaan Plastik dan Kemasan. Jurnal Riset Akuntansi Aksioma, 17(2), 1-36.
[3] Brigham, Eugene F. & Joel F. Houston. 2010. Dasar-Dasar Manajemen Keuangan. Jakarta: Salemba Empat.
[4] Budiansyah, Safitri dan Cherrya. 2015. “Pengaruh perputaran kas, perputaran piutang, dan perputaran persediaan terhadap profiabilitas”. STIE MDP. Palembang.
[5] Darsono dan Ashari. 2014. Pedoman Praktis Memahami Laporan Keuangan. Andi : Yogyakarta.
[6] Ghozali, Imam. 2016. Aplikasi Analysis Multivariate dengan Program SPSS. Cetakan IV, Semarang: Penerbit BP-Universitas Diponegoro.
[7] Gitman, Lawrence J. and Chad J. Zutter. 2015. Principle Of Managerial Finance, Fourteenth Edition. Singapore: Pearson Education.
[8] Indriyani, Intan, dkk (2017). Analisis Pengaruh Current Ratio dan Total Assets Turnover terhadap Return On Assets. Jurnal Ilmiah Akuntansi, Bisnis, dan Keuangan (JIABK), Vol. 10. No. 2.
[9] Kasmir. 2015. Analisis Laporan Keuangan. Cetakan ke Lima Jakarta: Penerbit PT. RajaGrafindo Persada.
[10] Mikha, Merianti Pitoyo dan Henny Setyo Lestari. 2018. Pengaruh Likuiditas Terhadap Profitabilitas Perusahaan Manufaktur yang Terdaftar di Bursa Efek Indonesia. dalam Jurnal Manajemen Bisnis, Vol. 13, No. 1
[11] Praswoto, Juliaty. 2014. Analisis Laporan Keuangan. Ed.2, Cetakan ke 2, Yogyakarta : Sekolah Tinggi Ilmu Manajemen YKPN.
[12] Ranakusuma, R. W., Pitoyo, Y., Safitri, E. D., Thorning, S., Beller, E. M., Sastroasmoro, S., & Del Mar, C. B. (2018). Systemic corticosteroids for acute otitis media in children. Cochrane Database of Systematic Reviews, (3).
[13] Reski, D., Sjahruddin, H., & Anto, A. (2020). Pengaruh Working Capital Turnover Dan Cash Turnover Terhadap Return On Assets. JPIM (Jurnal Penelitian Ilmu Manajemen), 5(2), 149 - 160.
[14] Sufiana, N., & Purnawati, N. K. (2013). Pengaruh Perputaran Kas, perputaran piutang dan perputaran persediaan terhadap profitabilitas. E-Jurnal Manajemen Universitas Udayana, 2(4).
[15] Sugiyono. 2017. Metode Penelitian Kuantitatif Kualitatif dan R&D. Bandung : PT. Alfabeta.
[16] Supardi, S. (2016). Pengaruh Return On Asset, Debt To Equity Ratio, Price Earning Ratio, Net Profit Margin, Dan Total Sales Terhadap Earning Per Share Pada Perusahaan Sektor Lembaga Pembiayaan Yang Terdaftar di BEI. Tahun 2011-2015. Jurnal Ekonomi dan Kewirausahaan, 12(25).
[17] Suwarjeni, V. Wiratna. 2014. Metodologi Penelitian Lengkap, Praktis dan Mudah Dipahami. Yogyakarta : Pustaka Baru Press.
[18] Utama, A. C., & Muid, A. (2014). Pengaruh Current Ratio, Debt Equity Ratio, Debt Asset Ratio, dan Perputaran Modal Kerja Terhadap Return On Asset pada Perusahaan Manufaktur yang terdaftar di Bursa Efek Indonesia Tahun 2010–2012 (Doctoral dissertation, Fakultas Ekonomika dan Bisnis).
[19] Zulkarnaen, Z. (2018). Pengaruh Debt To Assets Ratio Terhadap Return On Asset Pada Perusahaan Asuransi Yang Terdaftar di BEI Tahun 2010–2015. Warta Dharmawangsa, (56).
This work is licensed under a Creative Commons Attribution-NonCommercial 4.0 International License.