The Effect Of Current Ratio, Debt To Equity Ratio, And Total Assets Turnover On Return On Assets At PT. Hanjaya Mandala Sampoerna Tbk. For The Period 2013-2023

Abstract

This research aims to determine the effect of Current Ratio, Debt to Equity Ratio and Total Assets Turnover on Return On Assets at PT. Hanjaya Mandala Sampoerna Tbk. Both partially and simultaneously. The data in this research is secondary data obtained from PT's financial reports. Hanjaya Mandala Sampoerna Tbk for the 2013-2023 period. The method used is a quantitative method. The sample used is from 2013-2023. Based on the results of this research, it shows that partially the Current Ratio obtained a calculated t value of 0,506083 < 2,36462 and has a significance value of 0,6283 > 0,05 which shows that it has no effect on Return On Assets. The Debt to Equity Ratio obtained by the calculated t value is 2,663488 > 2,36462 and has a significance value of 0,0323 < 0,05. which shows that it has an effect on Return On Assets. Total Assets Turnover obtained a calculated t value of 7,047016 > 2,36462 and has a significance value of 0,0002 < 0,05. which shows that it has an effect on Return On Assets. The results of simultaneous testing of Current Ratio, Debt to Equity Ratio and Total Assets Turnover obtained an Fstatistic value of 17,66673 > 4,07 with a significance value of 0,001204 < 0,05, this shows that there is an influence on Return On Assets at PT. Hanjaya Mandala Sampoerna Tbk for the 2013-2023 period. This result is supported by testing the coefficient of determination (R2) of 83,33% while the remaining 16,67% is influenced by other variables not studied.