Abdul Rahman
Sekolah Tinggi Ilmu Ekonomi Wira Bhakti Makassar, Indonesia

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Unaffected by Working Capital, Liquidity, and Solvency Profitability: Evidence from Indonesia Abdul Rahman; Entis Sutisna
Advances: Jurnal Ekonomi & Bisnis Vol. 1 No. 2 (2023): March - April
Publisher : Yayasan Pendidikan Bukhari Dwi Muslim

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.60079/ajeb.v1i2.70

Abstract

This study aims to determine the influence of Working Capital Turnover, Current Ratio, and Debt to Asset Ratio on the Return on Assets of Food and Beverage Companies listed on the Indonesia Stock Exchange. This study's sample comprises Indonesia Stock Exchange (IDX) companies. This study's samples contained ten large corporations in the food and beverage manufacturing industry chosen through systematic sampling. This study utilizes secondary data extracted from the website of the Indonesia Stock Exchange about the financial statements of food and beverage companies. This investigation used multiple linear analysis methods employing the WCT, CR, and DAR ratios. In addition, data analysis is performed, which includes descriptive statistical analysis, validity tests, reliability tests, normality tests, multicollinearity tests, heteroscedasticity tests, and hypothesis testing via the coefficient of determination test, t-test, and f-test. Working Capital Turnover has a negative and insignificant influence on Return On Asset, Current Ratio has a negative and significant impact on Return On Asset, and Debt To Asset Ratio has a positive and insignificant effect on Return On Asset, according to the partial test results.