PENGARUH DEBT TO ASSETS RATIO DAN CURRENT RATIO TERHADAP RETURN ON ASSETS PERUSAHAAN KOSMETIK & BARANG KEPERLUAN RUMAH TANGGA YANG TERCATAT DI BURSA EFEK INDONESIA

Chrestella Archel  Indiarsusilo; Zulkifli Zulkifli

doi:10.53363/buss.v3i1.137

Authors

Chrestella Archel Indiarsusilo Universitas Pembangunan Jaya
Zulkifli Zulkifli Universitas Pembangunan Jaya

DOI:

https://doi.org/10.53363/buss.v3i1.137

Keywords:

debt to assets , current ratio, debt to assets ratio, return on assets

Abstract

This study aims to test and analyze the effect of debt to assets ratio and current ratio on return on assets. This research approach is with quantitative research. The research population is cosmetic and household appliance companies listed on the Indonesia Stock Exchange. The sampling technique uses purposive sampling with the determination of criteria, namely cosmetic companies and household appliances that are consistently recorded according to the observation period for analysis in the study. Types of research data with secondary data whose collection method uses audited financial statement data. Data analysis method with panel data regression analysis. These empirical findings determine the best model, namely fixed effect and it is proven that the debt to asset ratio has a negative and significant effect on return on assets. Meanwhile, the current ratio does not have a significant effect on the return on assets

Downloads

Download data is not yet available.

References

Ali, A. M. (2020). The impact of economic blockade on the performance of Qatari Islamic and conventional banks: a period-and-group-wise comparison. ISRA International Journal of Islamic Finance, 12(3), 419–441. https://doi.org/10.1108/IJIF-04-2020-0083

Almehdawe, E., Khan, S., Lamsal, M., & Poirier, A. (2021). Factors affecting Canadian credit unions’ financial performance. Agricultural Finance Review, 81(1), 51–75. https://doi.org/10.1108/AFR-06-2019-0065

Amponsah-Kwatiah, K., & Asiamah, M. (2020). Working capital management and profitability of listed manufacturing firms in Ghana. International Journal of Productivity and Performance Management. https://doi.org/10.1108/IJPPM-02-2020-0043

Chaya, W. N., & Prima, A. P. (2019). Effect Of Current Earning Ratio Per Share And Return On Assets In Manufacturing Companies Listed On The Indonesia Stock Exchange Information about the financial conditions and results of the business activities is very useful for the different parties tha.

Egbunike, C. F., & Okerekeoti, C. U. (2018). Macroeconomic factors, firm characteristics and financial performance: A study of selected quoted manufacturing firms in Nigeria. Asian Journal of Accounting Research, 3(2), 142–168. https://doi.org/10.1108/AJAR-09-2018-0029

Fekadu Agmas, W. (2020). Impacts of capital structure: profitability of construction companies in Ethiopia. Journal of Financial Management of Property and Construction, 25(3), 371–386. https://doi.org/10.1108/JFMPC-08-2019-0072

Gumilar, A. (2019). Analisis Perputaran Modal Kerja Dan Current Ratio Terhadap Return on Asset. Jurnal Edukasi (Ekonomi, Pendidikan Dan Akuntansi), 7(1), 19. https://doi.org/10.25157/je.v7i1.2671

Herawati, A., & Irradha Fauzia, F. (2018). The Effect of Current Ratio, Debt to Equity Ratio and Return on Asset on Dividend Payout Ratio in Sub-sector Automotive and Component Listed in Indonesia Stock Exchange in Period 2012–2016. KnE Social Sciences, 3(10), 1076–1086. https://doi.org/10.18502/kss.v3i10.3450

Husna, A., & Satria, I. (2019). Effects of Return on Asset, Debt To Asset Ratio, Current Ratio, Firm Size, and Dividend Payout Ratio on Firm Value. International Journal of Economics and Financial Issues, 9(5), 50–54. https://doi.org/10.32479/ijefi.8595

Kasmir. (2011). Analisis Laporan Keuangan (Cetakan 9). Rajawali Pers.

Mahardhika & Marbun. (2016). Pengaruh Current Ratio dan Debt to Equity Ratio Terhadap Return On Assets . Widyakala, Volume 3, 23-28.

Mohamad, A. A. S., Mohamad, M. T., & Hashim, S. A. (2018). Islamic versus conventional banking: Characteristics and stability analysis of the Malaysian banking sector. New Developments in Islamic Economics: Examples from Southeast Asia, 197–214. https://doi.org/10.1108/978-1-78756-283-720181013

Oware, K. M., & Mallikarjunappa, T. (2019). Corporate social responsibility investment, third-party assurance and firm performance in India: The moderating effect of financial leverage. South Asian Journal of Business Studies, 8(3), 303–324. https://doi.org/10.1108/SAJBS-08-2018-0091

Pattiruhu, J. R., & Paais, M. (2020). Effect of Liquidity , Profitability , Leverage , and Firm Size on Dividend Policy. 7(10), 35–42. https://doi.org/10.13106/jafeb.2020.vol7.no10.035

Purnama, E., Eddy, S., & Angela, A. (2020). The Impact Analysis of Return on Asset , Leverage and Firm Size to Tax Avoidance. 12(November), 256–264.

Robison, L. J., & Barry, P. J. (2020). Accrual income statements and present value models. Agricultural Finance Review, 80(5), 715–731. https://doi.org/10.1108/AFR-11-2019-0123

Sharma, R. K. (2018). Factors affecting financial leveraging for BSE listed real estate development companies in India. Journal of Financial Management of Property and Construction, 23(3), 274–294. https://doi.org/10.1108/JFMPC-01-2017-0002

Zaman, M. B. (2021). Influence of Debt to Total Asset Ratio (dar) Current Ratio (cr) and Total Asset Turnover (tato) on Return on Asset (roa) and its impact on stock prices on mining companies on the indonesia stock exchange in 2008-2017. Journal of Industrial Engineering & Management Research, 2(1), 2722–8878.