Pengaruh Current Ratio Dan Debt To Equity Ratio Terhadap Return On Asset Pada Perusahaan Subsektor Pertambangan Yang Terdaftar Di Bursa Efek Indonesia Periode 2018-2023

Abstract

The purpose of this study is to determine the effect of Current Ratio and Debt To Equity Ratio on Return On Assets in mining sub-sector companies listed on the Indonesia Stock Exchange. The research method used in this study is a quantitative method with a descriptive approach. The population used is the financial statements of mining sub-sector companies listed on the Indonesia Stock Exchange for the 2018-2023 period totaling 81 companies. The sample of this study was determined by a sampling technique using the purposive sampling method. In the mining sector with a total sample of 7 companies with a 6-year observation method so that 42 sample data were obtained. The analysis technique in this study uses descriptive statistics, classical assumption tests, multiple regression analysis and hypothesis testing using the E-views 12 program. The results of this study indicate that partially using the t-test, the Current Ratio variable has a significant effect on Return On Assets with a calculated t value greater than the t table (2.445800 > 2.021) and a significant value smaller than 0.05 (0.0191 <0.05) while the results of the Debt To Equity Ratio partially have a significant effect on Return On Assets with a calculated t value smaller than the t table (-2.065811 <2.021) and a significant value smaller than 0.05 (0.0455 <0.05). Current Ratio and Debt To Equity Ratio simultaneously affect Return On Asset with a calculated f value greater than F table (5.862975 > 3.238) and a significant value less than 0.05 (0.005940 < 0.05). The Contribution Determination Coefficient is 19.1735%, while the remaining 80.8265 is explained by variables not included in this research model