PENGARUH CURRENT RATIO, TOTAL ASSET TURNOVER, DEBT TO ASSET RATIO, DAN DEBT TO EQUITY RATIO TERHADAP KINERJA KEUANGAN

Abstract

This empirical research aims to evaluate the effect of several financial ratios on return on assets for energy sector companies listed on the Indonesia Stock Exchange from 2020 to 2023. These ratios include current ratio, total asset turnover, debt to asset ratio, and debt to equity ratio. This quantitative analysis uses the annual financial records of publicly listed companies on the Indonesia Stock Exchange (IDX) as its data source. Participating in the energy business from 2020 to 2023 are 39 different corporate entities that make up the study's sample. The researchers used SPSS version 20 to implement a purposive sampling technique that relied on multiple linear regression. Return on Assets is not significantly affected by the Current Ratio or the Debt to Equity Ratio, according to the results of this research. Return on Assets is significantly and positively affected by Total Asset Turnover. When calculating ROA, the debt-to-asset ratio (DAR) has a devastating effect