PENGARUH CURRENT RATIO, DEBT TO ASSET RATIO TERHADAP RETURN ON ASSET PT SARANACENTRAL BAJATAMA TBK PERIODE 2013-2024
DOI:
https://doi.org/10.61722/jiem.v4i3.9103Abstract
Abstract. This study aims to determine the effect of Current Ratio (CR) and Debt to Asset Ratio (DAR) on Return on Assets (ROA) at PT Saranacentral Bajatama Tbk for the period 2013–2024, both simultaneously and partially. This study uses a quantitative approach with descriptive analysis methods, as well as multiple linear regression analysis to determine the effect of independent variables on dependent variables. The data used is secondary data in the form of PT Saranacentral Bajatama Tbk's annual financial reports for the period 2013–2024. The data collection technique used in this study was the classical assumption test, which included normality test, multicollinearity test, heteroscedasticity test, and autocorrelation test. In this study, the data analysis technique used multiple linear regression analysis processed using Eviews version 12. The results showed that partially, the Current Ratio did not have a significant effect on Return on Assets. The Debt to Asset Ratio also has no significant effect on Return on Assets. Simultaneously, the Current Ratio and Debt to Asset Ratio have no significant effect on Return on Assets, as indicated by the F test results with a significance value greater than 0.05. The Adjusted R-squared value of 0.028626 indicates that only about 2.2% of the variation in Return on Assets can be explained by the two independent variables, while 97.8% is influenced by other factors outside this study.
Keyword: Current Ratio, Debt to Asset Ratio, Return on Assets, Quantitative, PT Saranacentral Bajatama Tbk.
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