Pengaruh Current Ratio, Total Asset Turnover, Debt To Asset Ratio dan Firm Size Terhadap Return On Asset (Pada Perusahaan Manufaktur Subsektor Makanan Dan Minuman Yang Terdaftar di BEI Tahun 2017-2023)
DOI:
https://doi.org/10.35870/jemsi.v11i1.3654Keywords:
Current Ratio, Total Asset Turn Over, Debt To Asset Ratio, Firm Size, Return On AssetAbstract
The purpose of this study is to investigate the effects of firm size, debt to asset ratio, current ratio, and total asset turnover on return on assets in the food and beverage manufacturing subsector listed on the IDX between 2017 and 2023. A quantitative method with a descriptive and verificative approach is the research methodology employed. Financial statements (annual reports) from the Food and Beverage Manufacturing Subsector's 2017–2023 annual reports, which are available on the IDX, provided the secondary data that was used. The t-test results demonstrated that Return on Asset is impacted by the Current Ratio. Return on Asset is impacted by total asset turnover. Firm size and the debt-to-asset ratio have little bearing on return on assets. The current ratio, total asset turn over, debt-to-asset ratio and firm size all significantly affect return on assets, according to the simultaneous test research.
Downloads
References
Agustina, N., & Pratiwi, A. (2021). Pengaruh Asset Turn Over (TATO) terhadap Return on Asset (ROA) pada PT. Unilever Indonesia Tbk. Jesya (Jurnal Ekonomi dan Ekonomi Syariah), 4(2), 1322-1328. https://doi.org/10.36778/jesya.v4i2.509.
Angelina, C., Sharon, S., Lim, S., Lombogia, J. Y. R., & Aruan, D. A. (2020). Pengaruh Current Ratio, Debt to Equity, Perputaran Kas dan Total Asset TurnOver (TATO) Terhadap Profitabilitas pada Perusahaan Food & Beverages yang terdaftar di Bursa Efek Indonesia. Owner: Riset Dan Jurnal Akuntansi, 4(1), 16-27.
Bintara, R. (2020). The effect of working capital, liquidity and leverage on profitability. Saudi Journal of Economics and Finance, 4(01), 28-35.
Chandra, S., & Ng, M. (2020). Determinan Struktur Modal dalam Upaya Meningkatkan Profitabilitas Perusahaan Manufaktur di Indonesia. Jurnal Manajemen Dan Keuangan, 9(2), 172-186.
Darminto, A. A., & Fuadati, S. R. (2020). Pengaruh CR, DER, TATO terhadap ROA pada perusahaan rokok di BEI. Jurnal Ilmu Dan Riset Manajemen (JIRM), 9(4).
Fahmi, I. (2020). Analisis laporan keuangan (D. Handi. ALFABETA, cv.
Ghozali, I. (2016). Aplikasi analisis multivariete dengan program IBM SPSS 23.
Harahap, S. S. (2011). Analisis kritis atas laporan keuangan.
Harianja, H., Siahaan, Y. P., & Tampubolon, E. (2020). Pengaruh Likuiditas Dan Solvabilitas Terhadap Profitabilitas Dan Ukuran Perusahaan Sebagai Variabel Moderating Pada Perusahaaan Industri Dasar Dan Kimia Yangterdaftar Di Bursa Efek Indonesia. Jurnal Neraca Agung, 10(1), 28-37.
Hartono, J. (2022). Teori portofolio dan analisis investasi.
Hery, S. E. (2015). Analisis laporan keuangan. Media Pressindo.
Khamisah, N., Nani, D. A., & Ashsifa, I. (2020). Pengaruh Non Performing Loan (NPL), BOPO dan Ukuran Perusahaan Terhadap Return On Assets (ROA) Perusahaan Perbankan yang Terdaftar di Bursa Efek Indonesia (BEI). TECHNOBIZ: International Journal of Business, 3(2), 18-23.
Kuantitatif, P. P. (2016). Metode Penelitian Kunatitatif Kualitatif dan R&D. Alfabeta, Bandung.
Kurniasih R, Merliana V (2024), Pengaruh Total Asset Turnover, Debt to Equity Ratio, Current Ratio dan Firm Size terhadap Return on Asset Pada Perusahaan Manufaktur Subsektor Makanan dan Minuman yang terdaftar di BEI periode tahun 2016-2023 ERJ Journal, Volume 3 Nomor 2 (2024) 1383 – 1396 E-ISSN 2830-6449. DOI: https://doi.org/10.56709/mrj.v3i2.471.
Mentari, M.L, Kosadi F (2024), Pengaruh Total Asset Turnover, Current Ratio, Debt to Equity Ratio, dan Ukuran Perusahaan Terhadap Return on Asset Pada Perusahaan Sub Sektor Properti dan Real Estate INNOVATIVE: Journal Of Social Science Research, Volume 4 Nomor 2 Tahun 2024 Page 7633-7652, E-ISSN 2807-4238 and P-ISSN 2807-4246. DOI: https://doi.org/10.31004/innovative.v4i2.9991 .
Nandia C P, Kusumawardani A (2024), The Effect of Total Asset Turn Over, Current Ratio and Sales Growth on Asset with Firm Size as a Moderating Variable (In Property and Real Estate Sub-Sector Companies Listed on the Indonesia Stock Exchange 2015-2022)JAFM: Journal of Accounting and Finance Management, Vol 5 No.2 June 2024, E-ISSN : 2721-3013. DOI: https://doi.org/10.38035/jafm.v5i2.
Oktaviani, F., Suryaningprang, A., Herlinawati, E., & Sudaryo, Y. (2022). Pengaruh CR, QR, DER dan TATO terhadap ROA PT Pyridam Farma Tbk Periode 2012-2021. Journal of Business, Finance, and Economics (JBFE), 3(2). https://doi.org/10.32585/jbfe.v3i2.3474.
Purnasari, R.B, Damayanti, S (2024). Pengaruh Perputaran Arus Kas, Current Ratio, Debt to Asset Ratio dan Debt to Equity Ratio Terhadap Return on Asset pada Perusahaan Manufaktur Sub Sektor Makanan dan Minuman yang terdaftar di Bursa Efek Indonesia Tahun 2015-2022. Universitas Indonesia Membangun. Economic Reviews Journal Volume 3 Nomor 2 (2024) 1436 – 1450 E-ISSN 2830-6449. DOI: https://doi.org/10.56709/mrj.v3i2.480 .
Qotrunnada, A., & Sulistyani, T. (2023). Pengaruh Current Ratio dan Debt to Equity Ratio Terhadap Return On Asset Pada PT Charoen Pokphand Indonesia, Tbk Periode 2011-2020. Journal of Accounting and Finance (JACFIN), 5(1), 1-12.
Rantika, D., Mursidah, M., Yunina, Y., & Zulkifli, Z. (2022). Pengaruh Ukuran Perusahaan, Pertumbuhan Penjualan, Dan Likuiditas Terhadap Profitabilitas Pada Perusahaan Sektor Industri Barang Konsumsi Yang Terdaftar Bei Tahun 2018-2020. Jurnal Akuntansi Malikussaleh (JAM), 1(1), 30-47.
Risnawati D, Syarif, D (2024), Pengaruh Current Ratio, Debt to Equity Ratio, Total Asset Turnover, dan Net Profit Margin Terhadap Return on Asset Jurnal eCo-Buss, Volume 7, Nomor 1, Agustus 2024, p-ISSN 2622-4291, e-ISSN 2622-4305. DOI: https://doi.org/10.32877/eb.v7i1.1466.
Sinaga, O. S., Jamaluddin, J., Simarmata, S. D., Sitinjak, P. W., & Simanjuntak, L. (2020). Pengaruh current ratio (CR) total asset turn over (TATO) dan ukuran perusahaan terhadap profitabilitas (ROA) perusahaan manufaktur pada sektor industri barang dan konsumsi yang terdaftar di bursa efek indonesia periode 2014-2018. Inovasi: Jurnal Ekonomi, Keuangan, dan Manajemen, 16(2), 179-191.
Sinamo M.A, Sudaryo. Y, Ismail G.D, Suryaningprang A, Supiyadi D, Aziz, D.A.(2024) The influence of current ratio (CR), debt to assets ratio (DAR), debt to equity ratio (DER), total assets turnover (TATO) on return on assets (ROA) in swarga farma pharmacies Universitas Indonesia Membangun. Jurnal Scientia Volume 13 Number 01, 2024, ESSN 2723-7486 (Online). DOI https://doi.org/10.58471/scientia.v13i01.
Sujarweni, V. W. (2017). Analisis Laporan Keuangan: teori, aplikasi, dan hasil penelitian/V. Wiratna Sujarweni.
Sukamulja, S. (2024). Analisis Laporan Keuangan, Sebagai Dasar Pengambil Keputusan Investasi Edisi Revisi. Penerbit Andi.
Downloads
Published
Issue
Section
License
Authors who publish with this journal agree to the following terms:
1. Copyright Retention and Open Access License
Authors retain copyright of their work and grant the journal non-exclusive right of first publication under the Creative Commons Attribution 4.0 International License (CC BY 4.0).
This license allows unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited.
2. Rights Granted Under CC BY 4.0
Under this license, readers are free to:
- Share — copy and redistribute the material in any medium or format
- Adapt — remix, transform, and build upon the material for any purpose, including commercial use
- No additional restrictions — the licensor cannot revoke these freedoms as long as license terms are followed
3. Attribution Requirements
All uses must include:
- Proper citation of the original work
- Link to the Creative Commons license
- Indication if changes were made to the original work
- No suggestion that the licensor endorses the user or their use
4. Additional Distribution Rights
Authors may:
- Deposit the published version in institutional repositories
- Share through academic social networks
- Include in books, monographs, or other publications
- Post on personal or institutional websites
Requirement: All additional distributions must maintain the CC BY 4.0 license and proper attribution.
5. Self-Archiving and Pre-Print Sharing
Authors are encouraged to:
- Share pre-prints and post-prints online
- Deposit in subject-specific repositories (e.g., arXiv, bioRxiv)
- Engage in scholarly communication throughout the publication process
6. Open Access Commitment
This journal provides immediate open access to all content, supporting the global exchange of knowledge without financial, legal, or technical barriers.
