August 21, 2025Indonesian Journal of Multidisciplinary ScienceOpen Access

The Effect of Current Ratio, Debt to Equity Ratio, and Total Asset Turnover Ratio on Return on Assets

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Authors

MAMuhammad AkbarPerbanas Institute CFCintra Fauziah

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Implication

Quantitative analysis reveals the influence of debt to equity and total asset turnover on ROA in IDX-listed companies, suggesting financial strategy improvements.

Key Points

Debt to equity ratio negatively impacts return on assets, while total asset turnover positively influences it, suggesting key management focus.
Analysis showed that among 70 observations from 14 companies, only the debt to equity ratio and total asset turnover had significant impacts on ROA.
The current ratio had no significant effect on ROA, indicating limitations in its relevance within the context studied.
Panel data regression analysis via EViews 12 highlighted the importance of optimizing capital structure in real estate firms.

Cite This Study

Akbar et al. (2025) studied this question.

synapsesocial.com/papers/68af70627567bf4f94feb65e https://doi.org/10.55324/ijoms.v4i11.1171

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Implication

Quantitative analysis reveals the influence of debt to equity and total asset turnover on ROA in IDX-listed companies, suggesting financial strategy improvements.

The Effect of Current Ratio, Debt to Equity Ratio, and Total Asset Turnover Ratio on Return on Assets

Discussion

Member takes

Implication

Key Points

Cite This Study

The Effect of Current Ratio, Debt to Equity Ratio, and Total Asset Turnover Ratio on Return on Assets

Discussion

Member takes

Implication

Key Points

Cite This Study

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Also Consider