PIPI

Kurs : Jurnal Akuntansi, Kewirausahaan dan BisnisKurs : Jurnal Akuntansi, Kewirausahaan dan Bisnis

Exploring the effect of financial ratio factors such as the liquidity ratio (current ratio), solvency ratio (debt to asset ratio), and firm size on the entitys financial performance (return on assets) is the aim of this study. The research was conducted during the period 2020 to 2022, using a sample of food and beverage sub-sector entities listed on the Indonesia Stock Exchange (IDX). The sampling method used was purposive sampling, with a total sample of 38 entities. The analysis model used is multiple linear regression, which has undergone the classical assumption test before. Data processing was performed using the IBM SPSS Statistics 26 program. The results showed that the effect of the liquidity ratio (current ratio) and firm size on return on assets was not significant, while the debt to asset ratio showed a negative effect on return on assets. Simultaneously the variables current ratio, debt to asset ratio, firm size affect the return on assets.

Based on the results of the analysis, it can be concluded that the current ratio does not affect return on assets, while the debt to asset ratio has a negative effect on return on assets, and firm size does not affect return on assets.Simultaneously, current ratio, debt to asset ratio, and firm size significantly influence return on assets.This research contributes to the understanding of the factors influencing financial performance in the food and beverage sub-sector in Indonesia.

Based on the findings and limitations of this study, several avenues for future research are suggested. First, further investigation is needed to explore the influence of non-financial factors, such as corporate governance practices and environmental sustainability initiatives, on the financial performance of food and beverage companies. Second, a longitudinal study tracking the financial performance of these entities over a longer period could provide more robust insights into the dynamic relationships between financial ratios and profitability. Finally, research could focus on the impact of macroeconomic factors, such as inflation and exchange rates, on the financial performance of the food and beverage sub-sector, considering the unique challenges and opportunities presented by the Indonesian economic context. These studies will provide a more comprehensive understanding of the factors driving financial success in this important industry, and can help companies make more informed decisions to improve their performance and create value for stakeholders.

  1. Pengaruh Current Ratio, Debt to Asset Ratio dan Total Asset Turnover terhadap Return on Asset pada Perusahaan... jurnal.umsu.ac.id/index.php/akuntan/article/view/4599Pengaruh Current Ratio Debt to Asset Ratio dan Total Asset Turnover terhadap Return on Asset pada Perusahaan jurnal umsu ac index php akuntan article view 4599
  2. Pengaruh Current Ratio Debt Equity Ratio dan Total Asset Turnover terhadap Return On Asset yang Terdaftar... doi.org/10.30596/jrab.v21i2.7898Pengaruh Current Ratio Debt Equity Ratio dan Total Asset Turnover terhadap Return On Asset yang Terdaftar doi 10 30596 jrab v21i2 7898
Read online
File size544.4 KB
Pages8
DMCAReport

Related /

ads-block-test