Pengaruh Current Ratio (CR) dan Debt to Assets Ratio (DAR) Terhadap Return on Assets (ROA) Pada PT Siantar Top Tbk
DOI:
https://doi.org/10.35870/jemsi.v12i5.6910Keywords:
Current Ratio, Debt to Assets Ratio, Return on AssetsAbstract
The purpose of this research is to analyze PT Siantar Top Tbk's Return on Assets (ROA) from 2015 to 2024 and to determine how the Current Ratio and Debt to Assets Ratio affect ROA. In this study, PT Siantar Top Tbk is the target. Secondary data is used in this study. Secondary data and IDX covering the years 2015-2024 form the basis of this quantitative associative study. "This study uses various statistical tools to analyze the data, including multiple hypothesis tests (T and F tests), multiple correlation analysis and coefficient of determination, as well as multiple linear regression. The results of this study indicate that partially the Current Ratio (CR) does not have a significant effect on Return on Assets (ROA), which is indicated by the calculated t-value of 0.897 which is smaller than the t-table of 2.364 and a significance value of 0.400 > 0.05. Meanwhile, the Debt to Assets Ratio (DAR) has a negative and significant effect on ROA, with a calculated t-value of 4.985 which is greater than the t-table of 2.364 and a significance value of 0.002 < 0.05. Simultaneously, CR and DAR have a significant effect on ROA with an F-calculated value of 25.777 which is greater than the F-table of 4.74 and a significance level of 0.001 < 0.05. This finding This shows that a company's capital structure has a greater influence on profitability than liquidity. Therefore, companies need to manage debt optimally to improve financial performance.
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