August 19, 2025Dinasti International Journal of Economics Finance & AccountingOpen Access

The Influence of Current Ratio (CR), Total Asset Turnover (TATO), Debt to Equity Ratio (DER), and Net Profit Margin (NPM) on Return on Assets (ROA) in Manufacturing Companies Listed on the IDX for the Period 2021–2023

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Authors

AHAlfita Puspa HandayaniBandung Institute of Technology DSDani SopianUniversitas Patria Artha

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Implication

Quantitative analysis reveals significant effects of current ratio, total asset turnover, and net profit margin on return on assets in manufacturing firms.

Key Points

Return on assets is significantly influenced by current ratio, total asset turnover, debt to equity ratio, and net profit margin, indicating strong financial relationships.
Statistical analysis yielded an F-statistic of 76.67, significantly higher than the F-table value of 2.78, confirming the influence of financial ratios.
A purposive sampling technique was employed to analyze 10 out of 78 manufacturing companies based on specific criteria, enhancing result reliability.
The study showed that 98.42% of the variance in return on assets can be explained by the financial ratios examined, highlighting their importance.

Cite This Study

Handayani et al. (2025) studied this question.

synapsesocial.com/papers/68af35d5cf1dd9ea359e99ba https://doi.org/10.38035/dijefa.v6i4.5003

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Implication

Quantitative analysis reveals significant effects of current ratio, total asset turnover, and net profit margin on return on assets in manufacturing firms.

The Influence of Current Ratio (CR), Total Asset Turnover (TATO), Debt to Equity Ratio (DER), and Net Profit Margin (NPM) on Return on Assets (ROA) in Manufacturing Companies Listed on the IDX for the Period 2021–2023

Discussion

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Implication

Key Points

Cite This Study

The Influence of Current Ratio (CR), Total Asset Turnover (TATO), Debt to Equity Ratio (DER), and Net Profit Margin (NPM) on Return on Assets (ROA) in Manufacturing Companies Listed on the IDX for the Period 2021–2023

Discussion

Member takes

Implication

Key Points

Cite This Study

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