October 12, 2025

The Influence of Current Ratio (CR), Debt to Equity Ratio (DER), and Net Profit Margin (NPM) on Return on Assets (ROA) at PT Astra International Tbk

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Authors

DKDwi Rahmadani KadiriUniversitas Bina Darma AAAlwi AlwiHasanuddin University NHNurul HudaUniversitas Patria Artha

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Implication

Analysis reveals that current ratio, debt to equity ratio, and net profit margin do not significantly influence return on assets, suggesting alternative factors are at play.

Key Points

The study finds that current ratio, debt to equity ratio, and net profit margin do not significantly affect return on assets.
Analysis showed a simultaneous significance value of 0.512, indicating no impactful relationship among the variables examined.
A coefficient of determination of 30% suggests that these three financial ratios explain only a small part of return on assets variability.
The findings imply that profitability performance is more influenced by other factors beyond the financial ratios under consideration.

Cite This Study

Kadiri et al. (2025) studied this question.

synapsesocial.com/papers/68ebffcfdef9fcb308ff268a https://doi.org/10.54065/jekami.5.2.2025.485

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Implication

Analysis reveals that current ratio, debt to equity ratio, and net profit margin do not significantly influence return on assets, suggesting alternative factors are at play.

The Influence of Current Ratio (CR), Debt to Equity Ratio (DER), and Net Profit Margin (NPM) on Return on Assets (ROA) at PT Astra International Tbk

Discussion

Member takes

Implication

Key Points

Cite This Study

The Influence of Current Ratio (CR), Debt to Equity Ratio (DER), and Net Profit Margin (NPM) on Return on Assets (ROA) at PT Astra International Tbk

Discussion

Member takes

Implication

Key Points

Cite This Study

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