PENGARUH TOTAL ASSET TURNOVER, CURRENT RATIO DAN DEBT TO ASSET RATIO TERHADAP RETURN ON ASSET PADA PERUSAHAAN SUB SEKTOR SUPERMARKETS & CONVENIENCE STORE YANG TERCATAT DI BURSA EFEK INDONESIA (BEI) TAHUN 2015-2024

Abstract

This study aims to determine the effect of the variables Total Asset Turnover, Current Ratio and Debt to Asset Ratio on Return On Assets in Supermarkets & Convenience Store Sub-Sector Companies listed on the Indonesia Stock Exchange in 2015-2024. This type of research is quantitative and the data used is 10-year time series panel data regression, namely the period 2015-2024 and 5 in Supermarkets & Convenience Store Sub-Sector Companies. Based on the results of the partial test (t-test) Total Asset Turnover, the t-value is -4.797541 with a significance of 0.0000. Because t-count -4.797541 <ttable 1.67866 and the significance value is 0.00 <significant level of 0.05. So Total Asset Turnover has a negative and significant effect on Return On Assets. The results of the study for the Current Ratio obtained a t-value of 1.020366 with a significance of 0.3134. Because t-value 1.020366 <1.67866 t-table and a significance value of 0.3134> significance level of 0.05. So the Current Ratio has no effect on Return On Asset. Then the results of the study for the Debt to Asset Ratio obtained a t-value of -2.8890334 with a significance of 0.0061. Because t-value -2.887281>1.67866 t-table and a significance value of 0.0061 <significant level of 0.05, the Debt to Asset Ratio has a negative and significant effect on Return On Asset. The results of the simultaneous hypothesis test (F test) can be seen that the F count value is 8.74, which is greater than the F table of 2.81 or (8.74> 2.81) while the significance value of 0.0000001 is smaller than 0.05 or 0.0000001 <0.05, so it can be concluded that Total Asset Turnover, Current Ratio and Debt to Asset Ratio together have an effect on the Return On Asset variable.