PENGARUH CURRENT RATIO (CR) DAN DEBT TO EQUITY RATIO (DER) TERHADAP RETURN ON EQUITY (ROE) PADA PT. JASA MARGA TBK PERIODE 2012-2023

Abstract

The purpose of this study was to determine the effect of Current Ratio and Debt To Equity Ratio on Return On Equity at PT Jasa Marga Tbk both partially and simultaneously. The research method used is a quantitative method with an associative approach. The sample used is in the form of financial statements of PT Jasa Marga Tbk for 12 (twelve) years which have been made into Time Series data. Data analysis in this study used classical assumption tests, multiple regression analysis, hypothesis testing, and coefficient of determination analysis. The results of this study are multiple linear regression equations of Y = 26.810 - 0.088 X1 - 0.044 X2. Partially, the Current Ratio variable has no effect on Return On Equity with the results of tcount> ttable or (-1.807 < 2.262) with a significance level of 0.104> 0.05. While the Debt To Equity Ratio variable has a negative and significant effect on Return On Equity with the results of tcount> ttable or (-2.637> 2.262) with a significance level of 0.027 <0.05. Simultaneously Current Ratio and Debt To Equity Ratio have a positive and significant effect on Return On Equity with the value of fcount> ftabel, namely (4.348> 4.26) with a significance level of 0.048 <0.05. The coefficient of determination is 49.1%, the remaining 50.9% is influenced by other variables and factors