PENGARUH RASIO LIKUIDITAS DAN RASIO AKTIVITAS TERHADAP KINERJA KEUANGAN PADA PT. JASA MARGA PERSERO TBK PERIODE 2013-2023
DOI:
https://doi.org/10.61722/jrme.v2i5.6308Keywords:
Liquidity Ratio; Activity Ratio; Financial Performance.Abstract
This study aims to determine the effect of liquidity ratio and activity ratio on the financial performance of PT. Jasa Marga (Persero) Tbk for the period 2013–2023. The liquidity ratio is measured using the Current Ratio (CR), while the activity ratio is measured using the Total Asset Turnover (TATO). Financial performance is proxied by Return on Assets (ROA). The data used are secondary data obtained from the company’s annual financial statements. The analytical method employed is multiple linear regression analysis with classical assumption tests to ensure the validity of the model. The results show that, partially, the Current Ratio (CR) has no significant effect on ROA with a t-value of -0.551 < t-table 2.306 and a significance value of 0.597 > 0.05. Similarly, the Total Asset Turnover (TATO) has no significant effect on ROA with a t-value of 0.942 < t-table 2.306 and a significance value of 0.374 > 0.05. Simultaneously, CR and TATO do not have a significant effect on ROA with an F-value of 0.534 < F-table 4.46 and a significance value of 0.606 > 0.05. These findings indicate that both ratios, individually or jointly, have no meaningful influence on the company’s financial performance during the study period.
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