PENGARUH CURRENT RATIO (CR), DEBT TO EQUITY RATIO (DER) DAN TOTAL ASSETS TURNOVER (TATO) TERHADAP RETURN ON EQUITY (ROE) PADA PT HEXINDO ADIPERKASA Tbk (PERIODE 2003-2023)
Abstract
This study aims to determine the effect of Current Ratio (CR), Debt to Equity Ratio (DER) and Total Assets Turnover (TATO) on Return On Equity (ROE) in PT Hexindo Adiperkasa Tbk (Period 2003-2023). The method in this study is quantitative associative. The data analysis methods used include: Descriptive Statistical Test, Classical Assumption Test (Normality, Multicollinearity, Heteroscedasticity and Autocorrelation), Simple and Multiple Linear Regression Test, T Test (partial) & F Test (simultaneous), Coefficient of Determination Test. The result of this study is that the Current Ratio (CR) does not have a significant effect on Return On Equity (ROE), this is evidenced by the value of Tcount -2.087 < Table 2.10982 with a significant value of 0.051 > 0.05. Debt to Equity Ratio (DER) has no significant effect on Return On Equity (ROE), this is evidenced by the value of 1.009 < 2.10982 with a significant value of 0.326 > 0.05. Total Assets Turnover (TATO) has a significant effect on Return On Equity (ROE), this is evidenced by the value of 4.977 > 2.10982 in Table with a significant value of 0.000 < 0.05. Meanwhile, simultaneous testing, Current Ratio (CR), Debt to Equity Ratio (DER) and Total Assets Turnover (TATO) have a significant effect on Return On Equity (ROE), this is evidenced by the value of Fcal 11.152 > Ftable 3.20 with a significant value of 0.000 < 0.05. The determination coefficient shows an Adjusted R Square value of 0.604 or 60.4%, which indicates that the Current Ratio, Debt to Equity Ratio and Total Assets Turnover affect Return On Equity by 60.4%, with additional factors not covered in this study affecting 39.6%.
References
Bambang, Riyanto. (2018). Dasar-dasar Pembelanjaan Perusahaan. Edisi keempat.Yogyakarta: BPFE-Yogyakarta.
Fahmi, Irham. (2015). Analisis Laporan Keuangan. Bandung: Alfabeta.
Ghozali, I. (2018). Aplikasi Analisis Multivariate dengan Program IBM SPSS 25. Semarang : Badan Penerbit Universitas Diponegoro.
Hery. (2016). Analisis Laporan Keuangan Pendekatan Rasio Keuangan. Yogyakarta: Center for Academic Publishing Service.
Husnan, S. d. (2019). Dasar-Dasa Manajemen Keuangan. Yogyakarta: UPP STIM YKPN.
Hutauruk, M. R. (2017). Akuntansi Perusahaan Jasa Aplikasi Program Zahir Accounting. Jakarta Barat: indeks.
Kasmir. (2022). Analisis Laporan Keuangan. Depok: Rajawali Pers.
Musthafa. (2017). Manajemen Keuangan. Yogyakarta: CV. Andi Offset.
Sugiyono. (2022). Metodelogi Penelitian Kuantitatif dan Kualitatif dan R&D. Bandung: Alfabeta.
Sujarweni, V. W. (2021). Manajemen Keuangan Teori, Aplikasi Dan Hasil Penelitian. Yogyakarta: Pustaka Baru Press.
Sutrisno. (2017). Manajemen Keuangan Teori, Konsep dan Aplikasi. Yogyakarta: Ekonisia.
Andriani, D. A., Sahla, H., & Batubara, Z. K. (2022). Pengaruh Debt To Asset Ratio, Debt To Equity Ratio, Total Asset Turnover dan Current Ratio terhadap Return On Equity pada Perusahaan Sub Sektor Pertambangan Yang Terdaftar di Bursa Efek Indonesia periode 2015-2018. Journal of Science and Social Research, Vol. 5, No. 3, 456 – 465.
Ardi, S. M., & Damayanti, R. M. (2023). Pengaruh Current Ratio, Debt to Equity Ratio dan Firm Size terhadap Return On Equity pada PT.Adhi Karya (Persero) Periode 2015-2021. Jurnal Teknologi dan Manajemen Sistem Industri (JTMSI), Volume 2, Nomor 1, 29-36.
Indraswari, T., & Maulana, M. (2023). Pengaruh Debt to Equity Ratio dan Current Ratio Terhadap Return on Equity Pada Perusahaan PT. Sat Nusapersada Tbk Periode 2012-2021. Jurnal Ilmiah Swara Manajemen (Swara Mahasiswa Manajemen), Vol 3 (1), 184-196.
Lutfi, A. M. (2022). Pengaruh Current Ratio (CR) dan Debt to Equity Ratio (DER) terhadap Return On Equity (ROE) pada PT. Aneka Tambang Tbk periode 2010-2020. Jurnal Neraca Peradaban, Volume 2, Nomor 2, 137-143.
Maiyaliza, Budianto, E., & Khasanah, U. (2022). Pengaruh Current Ratio daan Debt to Equity Ratio terhadap Return On Equity pada Perusahaan Sub Sektor Batu Bara yang terdaftar di BEI tahun 2015-2019. POINT: Jurnal Ekonomi & Manajemen, Volume 4 Nomor 1, 1-12.
Mawarni, A. N., & Kusjono, G. (2021). Pengaruh Current Ratio Dan Debt To Equity Ratio Terhadap Return On Equity Pada PT Pan Pacific Insurance, Tbk Tahun 2011-2018. Jurnal Disrupsi Bisnis, Vol. 4, No.1, 76-85.
Permada, D. N., & Susriati, U. (2019). Pengaruh Debt To Equity Ratio Dan Total Assets Turnover Terhadap Return On Equity Pada PT. Arwana Citramulia, Tbk, Tahun 2008-2017. Marsc Model Untuk Membangun Keberhasilan Bisnis, Vol. 1 No. 1 , 194-206.
Pongrangga, R. A., Dzulkirom, M., & Saifi, M. (2015). Pengaruh Current Ratio, Total Asset Turnover Dan Debt To Equity Ratio Terhadap Return On Equity (Studi pada Perusahaan Sub Sektor Property dan Real Estate yang Terdaftar di BEI periode 2011-2014). Jurnal Administrasi Bisnis (JAB), Vol. 25 No.2, 1-8.
