STUDI EMPIRIS TERHADAP RETURN ON ASSETS PADA PERUSAHAAN MANUFAKTUR PT. UNILEVER INDONESIA TBK PERIODE 2014-2023
Abstract
This study aims to empirically examine the effect of financial ratios on Return on Assets (ROA) in the manufacturing company PT Unilever Indonesia Tbk during the 2014-2023 period. The research method used is quantitative research with panel data collection from the company's financial statements for 2014-2023. Data analysis uses multiple linear regression analysis techniques to determine the effect of these variables simultaneously and partially on ROA. The results showed that partially Current Ratio had no significant effect on ROA with a T Count value of 0.847 < 2.447 with a significance level of 0.436 > 0.05. Debt to Equity Ratio produces a T Count value of -3.062> 2.447 with a significance value of 0.028 < 2.447 and a significance value of 0.690 > 0.05 indicating that Total Assets Turnover has no significant effect on ROA and Price to Book Value has no significant effect with a T Count value of 0.868 < 2.447 with a significance value of 0.425 > 0.05. Simultaneously, the variables Current Ratio, Debt to Equity Ratio, Total Assets Turnover and Price to Book Value together have a significant effect on ROA with a calculated F value of 30.385 exceeding the F table of 5.19. Then the coefficient of determination test results of 92.9% of the dependent variable Return on Assets is influenced by the independent variables Current Ratio, Debt to Equity Ratio, Total Assets Turnover and Price to Book Value while the remaining 7.1% is influenced by other variables not examined in this study.
References
Amelia, R. W., & Lestari, D. (2024). The Influence of Current Ratio and Debt to Equity Ratio on Return on Assets at PT Hanjaya Mandala Sampoerna Tbk for the period 2013 - 2022. International Journal Multidisciplinary Science, 3, 122–130.
Dr. Kasmir S.E., M. . (2019). Analisis laporan keuangan.
Fahmi, I. (2018). Pengantar Manajemen Keuangan Teori dan Soal Jawab (Ke-6). Alfabeta.
Gerry Hasransyah, Set Asmapane, F. D. (2017). Analisis perlakuan akuntansi aset tetap dan pengaruhnya terhadap laporan keuangan Analysis of the accounting treatment of fixed assets and their effects on the financial statements. Kinerja, 14(1), 31–39.
Hery, S. M. C. R. (2016). Analisis Laporan Keuangan-Integrated And Comprehensive Edition. Gramedia Widiasarana Indonesia.
Kusuma, B. E., & Lutfi, A. M. (2025). Pengaruh Current Ratio (CR) dan Total Asset Turnover (TATO) terhadap Return on Asset (ROA) pada PT. Berlina Tbk periode tahun 2013-2023. 3(1), 661–670.
Latifah, S. W., & Syam, D. (2023). Tujuan dan Fungsi Laporan Keuangan. Tidak diketahui.
Pengkajian, B., Iklim, K., Mutu, D., Balai, I., Kimia, B., & Kemasan, D. (2013). Kementerian Perindustrian. In Kimia dan Kemasan Journal of Chemical and Packaging (Vol. 35, Issue 2, pp. 71–146).
Prof. Dr. H. Musthafa, S. E. M. M., Christian, P., Basuki, Y., Nofianto, D., Kika, M., & Offset, A. (2017). Manajemen Keuangan.
Prof. Dr. Sugiyono. (2017). Metode Penelitian Kuantitatif, Kualitatif dan R&D.
Prof. Dr. Sugiyono. (2018). Metode Penelitian Kuantitatif, Kualitatif, dan R&D. Alfabeta.
Prof. Dr. Sugiyono. (2023). Metode Penelitian Kuantitatif, Kualitatif, dan R&D. Alfabeta.
Rebin Sumardi dan Dr. Suharyono. (2020). Dasar-Dasar Manajemen Keuangan.
Untung Nugroho. (2017). Metodologi Penelitian Kuantitatif Pendidikan Jasmani.
Wahyuni Amelia, R., & Purnama, T. (2023). Pengaruh Current Ratio Dan Debt To Equity Ratio Terhadap Return on Assets Pada Pt Ace Hardware Indonesia Tbk Periode Tahun 2012-2021. JORAPI : Journal of Research and Publication Innovation, 1(1), 82–88.
Wildasari. (2017). Manajemen Tenaga Pendidik Dan Kependidikan Wildasari. Jurnal Ta’lim Muta’allim, 3(5), 5.
