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Scientific Research Journal

Scirj Volume XI, Issue V, May 2023 Edition
ISSN: 2201-2796


Publication starts: 25th May 2023
Full Paper available from: 25th May 2023


The Influence Of Current Ratio, Debt To Equity Ratio, And Total Asset Turnover Toward The Return On Assets On Animal Feed Company
Grace Fredriksz, Shirley Fredriksz

Abstract: This study aims to analyze the effect of Current Ratio, Total Asset Turnover, and Debt on Equity Ratio towards Return on Assets in Animal Feed Companies. The sample for this study were four animal feed companies registered on the Indonesia Stock Exchange from 2018 to 2022. Data were analyzed using multiple linear regression using SPSS software. The results indicates that the first hypothesis was accepted: Current Ratio (CR) has an effect towards the Return on Assets (ROA). Conversely, the second hypothesis is rejected, Total Asset Turnover (TATO) has no effect towards the Return on Assets (ROA). Moreover, the third hypothesis is accepted: Debt to Equity Ratio (DER) has an effect towards the Return on Assets (ROA). Finally, the fourth hypothesis is accepted. Simultaneously, the current ratio, total asset turnover ratio, and Debt to Equity ratio have a significant effect towards the Return on Assets (ROA).

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