The Effect of Current Ratio (CR), Debt to Equity Ratio (DER), and Total Asset Turnover (TATO) on Return on Asset (ROA) in Food Crop Subsector Companies Listed on the Indonesia Stock Exchange for the 2018-2025 Period

Natasya Noor Safira; Salza Adzri  Arismutia; Devyanthi  Syarif

doi:10.47747/ijbme.v7i3.3657

Authors

Natasya Noor Safira Universitas Indonesia Membangun
Salza Adzri Arismutia Universitas Indonesia Membangun, Bandung
Devyanthi Syarif Universitas Indonesia Membangun, Bandung

DOI:

https://doi.org/10.47747/ijbme.v7i3.3657

Keywords:

Current Ratio, Debt To Equity Ratio, Total Asset Turnover, Return on Assets, Food Crop Company

Abstract

This study aims to examine and analyze the effect of Current Ratio (CR), Debt to Equity Ratio (DER), and Total Asset Turnover (TATO) on Return on Asset (ROA), either partially or simultaneously, in food crop subsector companies listed on the Indonesia Stock Exchange (IDX) during the 2018-2025 period. This research employs a quantitative, descriptive-verificative approach, using secondary data from annual financial reports published on the official IDX website. The sampling technique used is purposive sampling, yielding a research sample of 10 companies and a total of 80 observations (10 companies x 8 years). Data are analyzed through multiple linear regression preceded by classical assumption tests, with hypothesis testing performed using the t-test for partial effects and the F-test for simultaneous effects. The results show that the Current Ratio has a positive and significant effect on Return on Asset, while the Debt to Equity Ratio and Total Asset Turnover have no statistically significant effect. Simultaneously, the three variables significantly affect Return on Asset, contributing 17.9 percent.

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