PENGARUH TOTAL ASSETS TURNOVER DAN DEBT TO EQUITY RATIO TERHADAP RETURN ON ASSET PADA PT BUKIT ASAM TBK PERIODE 2011– 2024

Abstract

This study aims toanalyze the effect of Total Assets Turnover (TATO) and Debt to Equity Rasio (DER) on Return on Asset (ROA) at PT Bukit Asam Tbk during the period 2011-2024. ROA is used as an indicator of the company's financial performance in measuring the efficiency of asset use in generating profits. This study uses a quantitative approach with secondary data obtained from the company's annual financial statements. Data analysis was carried out through multiple linear regression classical assumption tests, and hypothesis testing partially (t test) and simultaneously (F test). The results showed that partially, TATO has a positive and significant effect on ROA with a t value of 3.115 and a significance of 0.010 (p < 0.05). Meanwhile, DER has a negative and significant effect on ROA with a calculated t value of -2.789 and significance of 0.016 (p < 0.05). Simultaneously, TATO and DER have a significant effect on ROA with an F value of 9.427 and a significance of 0.004 (p < 0.05). The coefficient of determination (R²) value of 0.619 indicates that the two independent variables are able to explain the variation in ROA by 61.9%. This indicates that efficiency in the  use of assets can improve the company's finansial performance, while an excessive increase in the proportion of debt can actually reduce profitability. Therefore, companies are advised to manage capital structure wisely and maintain operational efficiency