Pengaruh Current Ratio, Debt to Asset Ratio, Institusional Ownership dan Firm Size terhadap Return On Asset (Pada Perusahaan Manufaktur Sub Sektor Makanan dan Minuman Yang Terdaftar di Bursa Efek Indonesia Periode Tahun 2017 – 2023)
DOI:
https://doi.org/10.35870/jemsi.v11i1.3772Keywords:
Current Ratio, Debt To Asset Ratio, Instititional Ownership, Firm Size, Return On AssetAbstract
This study aims to determine the effect of Current Ratio, Debt to Asset Ratio, Institutional Ownership, and Firm Size on Return on Assets in the Food and Beverage Manufacturing Subsector Companies listed on the Indonesia Stock Exchange for the period 2017-2023. The research method used is the quantitative method with a descriptive and verificative approach. The data used is secondary data, collected through quantitative data in the form of financial statements (annual report) obtained from the annual reports of Manufacturing Companies in the Food and Beverage Subsector listed on the Indonesia Stock Exchange for the period 2017-2023. Partial research results showed that the Current Ratio, Debt To Asset Ratio, and Firm Size do not have an effect on Return on Asset. Meanwhile, the results of the simultaneous test showed that the Current Ratio, Debt To Asset Ratio, Institutional Ownership, and Firm Size simultaneously affect the Return on Asset.
Downloads
References
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. https://doi.org/10.33395/owner.v4i1.178.
Ghozali, I. (2016). Aplikasi analisis multivariete dengan program IBM SPSS 23.
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. https://doi.org/10.33365/tb.v3i2.836.
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 Tahun 2016-2023. Economic Reviews Journal, 3(2), 1383-1396. 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, 4(2), 7633-7652. https://doi.org/10.31004/innovative.v4i2.9991.
Munawir, S. (1995). Analisa laporan keuangan.
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. Economic Reviews Journal, 3(2), 1436-1450. https://doi.org/10.56709/mrj.v3i2.480 .
Putri, C. N., & Kusumawardani, A. (2024). The Effect of Total Asset Turn Over, Current Ratio and Sales Growth on Return 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). Journal of Accounting and Finance Management, 5(2), 110-118. https://doi.org/10.38035/jafm.v5i2 .
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. https://doi.org/10.46772/jacfin.v5i1.1067.
Risnawati, D., & Syarif, D. (2024). Pengaruh Current Ratio, Debt To Equity Ratio, Total Asset Turnover, dan Net Profit Margin Terhadap Return On Assets. ECo-Buss, 7(1), 342-353. 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. Jurnal Scientia, 13(01), 832-847. 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.
Sumari, J., & Malino, M. (2024). PENGARUH KEPEMILIKAN INSTITUSIONAL, KEPEMILIKAN MANAJERIAL DAN KOMITE AUDIT TERHADAP KINERJA KEUANGAN. Jurnal Unicorn ADPERTISI, 2(2), 32-40.
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.
