The Effect of Current Ratio (CR), Debt to Equity Ratio (DER), and Total Asset Turnover (TATO) on Return on Asset (ROA) in Food Crop Subsector Companies Listed on the Indonesia Stock Exchange for the 2018-2025 Period
Aug 2026· International Journal of Business, Management and Economics· Vol 7, pp. 455-469· 0 citations· 12 references
Abstract
This study aims to examine and analyze the effect of Current Ratio (CR), Debt to Equity Ratio (DER), and Total Asset Turnover (TATO) on Return on Asset (ROA), either partially or simultaneously, in food crop subsector companies listed on the Indonesia Stock Exchange (IDX) during the 2018-2025 period. This research employs a quantitative, descriptive-verificative approach, using secondary data from annual financial reports published on the official IDX website. The sampling technique used is purposive sampling, yielding a research sample of 10 companies and a total of 80 observations (10 companies x 8 years). Data are analyzed through multiple linear regression preceded by classical assumption tests, with hypothesis testing performed using the t-test for partial effects and the F-test for simultaneous effects. The results show that the Current Ratio has a positive and significant effect on Return on Asset, while the Debt to Equity Ratio and Total Asset Turnover have no statistically significant effect. Simultaneously, the three variables significantly affect Return on Asset, contributing 17.9 percent.
This study aims to empirically examine the effect of Return on Assets (ROA), Debt to Equity Ratio (DER), and Current Ratio (CR) on profit growth in healthcare companies listed on the Indonesia Stock Exchange (IDX) during the 2019-2024 economic fluctuation period. This study uses a quantitative design based on secondary...
Yudi Yusup, N. Oktaviani, Ghaling Achmad Abdul Ghonisyah· Jurnal Pakar Manajemen· 0 citations
The Price Earning Ratio (PER) represents a fundamental benchmark extensively adopted for evaluating a company's market valuation and investors' expectations of future performance. However, previous research findings concerning the impact of leverage and profitability on PER continue to show disparate results, notably w...
A. Salim· Jurnal Multidisiplin Madani· 0 citations
This research empirically examines the correlations of Current Ratio (CR), Debt to Equity Ratio (DER), Total Asset Turnover (TATO), and Return on Assets (ROA) with Firm Value in Indonesia Stock Exchange-listed food and beverage manufacturers for 2021–2025. The research uses secondary data from business financial filing...
This study aims to analyze the effect of Total Asset Turnover (TATO) and Debt to Equity Ratio (DER) on Return on Assets (ROA) in transportation and logistics companies listed on the Indonesia Stock Exchange for the 2022–2025 period. This study uses a quantitative method with an associative causal approach. The populati...
Muhammad Syahrul Indrianto, Muhammad Whenda Langgeng Shalahiar, Moh. Zusfi Wahyu Finansah et al.· Economics & business journal...· 0 citations
This study aims to determine the impact of the Debt-to-Equity Ratio (DER) and Price-to-Book Value (PBV) on financial distress among transportation sub-sector companies listed on the Indonesia Stock Exchange during the 2019–2024 period. This research employs a quantitative approach with an associative method. Secondary...
Ita Darsita, Ratna Dumilah, Siti Nurcahayati· International Journal of Man...· 0 citations
This research examines whether Current Ratio (CR), Debt to Equity Ratio (DER), and Return on Equity (ROE) influence Price to Book Value (PBV) in Consumer Non-Cyclicals companies listed on the Indonesia Stock Exchange (IDX) over the 2019–2024 period. A quantitative causal approach was employed using 25 purposively selec...
