PENGARUH CURRENT RATIO (CR) DAN DEBT TO EQUITY RATIO (DER) TERHADAP RETURN ON ASSETS (ROA) PADA PERUSAHAAN SEKTOR MAKANAN DAN MINUMAN YANG TERDAFTAR DI BURSA EFEK INDONESIA PERIODE 2022-2025
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Institusion
Universitas Islam Kalimantan M A B Banjarmasin
Author
Alisa, Nur
Subject
H Social Sciences (General)
Datestamp
2026-08-10 03:01:41
Abstract :
Penelitian ini bertujuan untuk menguji pengaruh Current Ratio (CR) dan Debt to Equity Ratio (DER) terhadap Return on Assets (ROA) pada perusahaan sektor makanan dan minuman yang terdaftar di Bursa Efek Indonesia periode 2022–2025, baik secara parsial maupun simultan. Penelitian ini menggunakan pendekatan kuantitatif dengan jenis penelitian asosiatif. Data yang digunakan merupakan data sekunder yang diperoleh dari laporan keuangan tahunan perusahaan yang dipublikasikan melalui Bursa Efek Indonesia. Teknik pengambilan sampel menggunakan purposive sampling, sehingga diperoleh sampel sebanyak 53 perusahaan dengan jumlah observasi sebanyak 212 data. Teknik analisis data yang digunakan meliputi analisis statistik deskriptif, uji asumsi klasik, analisis regresi linier berganda, uji parsial (uji t), uji simultan (uji F), dan uji koefisien determinasi. Hasil penelitian menunjukkan bahwa secara parsial Current Ratio (CR) tidak berpengaruh signifikan terhadap Return on Assets (ROA). Debt to Equity Ratio (DER) juga tidak berpengaruh signifikan terhadap Return on Assets (ROA). Secara simultan, Current Ratio (CR) dan Debt to Equity Ratio (DER) tidak berpengaruh signifikan terhadap Return on Assets (ROA). Temuan penelitian ini menunjukkan bahwa tingkat likuiditas dan struktur modal bukan merupakan faktor utama yang memengaruhi profitabilitas perusahaan sektor makanan dan minuman. Profitabilitas perusahaan diduga lebih dipengaruhi oleh faktor-faktor lain di luar model penelitian, seperti efektivitas pengelolaan aset, efisiensi operasional, pertumbuhan penjualan, ukuran perusahaan, serta kemampuan manajemen dalam mengelola sumber daya perusahaan. Implikasi penelitian ini menunjukkan bahwa peningkatan profitabilitas perlu didukung oleh efisiensi operasional dan efektivitas penggunaan aset, serta dapat menjadi referensi bagi manajemen, akademisi, dan penelitian selanjutnya dalam memahami faktor-faktor yang memengaruhi Return on Assets (ROA).\r\n \r\nKata Kunci: Current Ratio (CR), Debt to Equity Ratio (DER), Return on Assets (ROA). \r\nABSTRACT \r\nThis study aims to examine the effect of the Current Ratio (CR) and Debt to Equity Ratio (DER) on Return on Assets (ROA) in food and beverage sector companies listed on the Indonesia Stock Exchange during the 2022–2025 period, both partially and simultaneously. This research employed a quantitative approach with an associative research design. The data used were secondary data obtained from the companies\' annual financial statements published by the Indonesia Stock Exchange. The sampling technique used was purposive sampling, resulting in a sample of 53 companies with a total of 212 observations. The data analysis techniques included descriptive statistical analysis, classical assumption tests, multiple linear regression analysis, partial hypothesis testing (t-test), simultaneous hypothesis testing (F-test), and the coefficient of determination test. The results indicate that, partially, the Current Ratio (CR) has no significant effect on Return on Assets (ROA). Likewise, the Debt to Equity Ratio (DER) has no significant effect on Return on Assets (ROA). Simultaneously, the Current Ratio (CR) and Debt to Equity Ratio (DER) do not have a significant effect on Return on Assets (ROA). These findings suggest that liquidity and capital structure are not the primary factors influencing the profitability of food and beverage sector companies. The companies\' profitability is presumed to be more strongly influenced by other factors beyond the scope of this research model, such as asset management effectiveness, operational efficiency, sales growth, company size, and management\'s ability to manage the company\'s resources. The implications of this study indicate that improving profitability should be supported by operational efficiency and the effective utilization of assets. Furthermore, the findings may serve as a reference for management, academics, and future researchers in understanding the factors that influence Return on Assets (ROA).\r\n \r\nKeywords: Current Ratio (CR), Debt to Equity Ratio (DER), Return on Assets (ROA).
Penelitian ini bertujuan untuk menguji pengaruh Current Ratio (CR) dan Debt to Equity Ratio (DER) terhadap Return on Assets (ROA) pada perusahaan sektor makanan dan minuman yang terdaftar di Bursa Efek Indonesia periode 2022–2025, baik secara parsial maupun simultan. Penelitian ini menggunakan pendekatan kuantitatif dengan jenis penelitian asosiatif. Data yang digunakan merupakan data sekunder yang diperoleh dari laporan keuangan tahunan perusahaan yang dipublikasikan melalui Bursa Efek Indonesia. Teknik pengambilan sampel menggunakan purposive sampling, sehingga diperoleh sampel sebanyak 53 perusahaan dengan jumlah observasi sebanyak 212 data. Teknik analisis data yang digunakan meliputi analisis statistik deskriptif, uji asumsi klasik, analisis regresi linier berganda, uji parsial (uji t), uji simultan (uji F), dan uji koefisien determinasi. Hasil penelitian menunjukkan bahwa secara parsial Current Ratio (CR) tidak berpengaruh signifikan terhadap Return on Assets (ROA). Debt to Equity Ratio (DER) juga tidak berpengaruh signifikan terhadap Return on Assets (ROA). Secara simultan, Current Ratio (CR) dan Debt to Equity Ratio (DER) tidak berpengaruh signifikan terhadap Return on Assets (ROA). Temuan penelitian ini menunjukkan bahwa tingkat likuiditas dan struktur modal bukan merupakan faktor utama yang memengaruhi profitabilitas perusahaan sektor makanan dan minuman. Profitabilitas perusahaan diduga lebih dipengaruhi oleh faktor-faktor lain di luar model penelitian, seperti efektivitas pengelolaan aset, efisiensi operasional, pertumbuhan penjualan, ukuran perusahaan, serta kemampuan manajemen dalam mengelola sumber daya perusahaan. Implikasi penelitian ini menunjukkan bahwa peningkatan profitabilitas perlu didukung oleh efisiensi operasional dan efektivitas penggunaan aset, serta dapat menjadi referensi bagi manajemen, akademisi, dan penelitian selanjutnya dalam memahami faktor-faktor yang memengaruhi Return on Assets (ROA).\r\n \r\nKata Kunci: Current Ratio (CR), Debt to Equity Ratio (DER), Return on Assets (ROA). \r\nABSTRACT \r\nThis study aims to examine the effect of the Current Ratio (CR) and Debt to Equity Ratio (DER) on Return on Assets (ROA) in food and beverage sector companies listed on the Indonesia Stock Exchange during the 2022–2025 period, both partially and simultaneously. This research employed a quantitative approach with an associative research design. The data used were secondary data obtained from the companies\' annual financial statements published by the Indonesia Stock Exchange. The sampling technique used was purposive sampling, resulting in a sample of 53 companies with a total of 212 observations. The data analysis techniques included descriptive statistical analysis, classical assumption tests, multiple linear regression analysis, partial hypothesis testing (t-test), simultaneous hypothesis testing (F-test), and the coefficient of determination test. The results indicate that, partially, the Current Ratio (CR) has no significant effect on Return on Assets (ROA). Likewise, the Debt to Equity Ratio (DER) has no significant effect on Return on Assets (ROA). Simultaneously, the Current Ratio (CR) and Debt to Equity Ratio (DER) do not have a significant effect on Return on Assets (ROA). These findings suggest that liquidity and capital structure are not the primary factors influencing the profitability of food and beverage sector companies. The companies\' profitability is presumed to be more strongly influenced by other factors beyond the scope of this research model, such as asset management effectiveness, operational efficiency, sales growth, company size, and management\'s ability to manage the company\'s resources. The implications of this study indicate that improving profitability should be supported by operational efficiency and the effective utilization of assets. Furthermore, the findings may serve as a reference for management, academics, and future researchers in understanding the factors that influence Return on Assets (ROA).\r\n \r\nKeywords: Current Ratio (CR), Debt to Equity Ratio (DER), Return on Assets (ROA).
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