PENGARUH RASIO KEUANGAN TERHADAP KINERJA KEUANGAN PADA PERUSAHAAN MANUFAKTUR YANG TERDAFTAR DI BEI PERIODE 2012-2016

ZAINAL  ARIFIN

doi:10.32520/jam.v5i1.1473

ZAINAL ARIFIN Universitas Islam Indragiri

DOI: https://doi.org/10.32520/jam.v5i1.1473

Keywords: Return on Assets, Current Ratio, Debt Equity Ratio and Debt to total assets ratio

Abstract

The purpose of this study was to determine the effect of the Current Ratio, Debt Equity Ratio and Debt to total assets ratio Of Return On Assets. To obtain data on these variables are taken from the financial statements of companies listed in Indonesia Stock Exchange 2012-2016 period. Subject of this research is manufacturing companies listed in Indonesia Stock Exchange

2012-2016 period, a total of six companies. While sampling used random sampling technique. Current Ratio, Debt Equity Ratio and debt to total assets ratio as the independent

variable and Return On Assets as the dependent variable. Methods of data collection using the method of documentation. Analysis of data using multiple regression analysis.

From the research results by using test coefficient of determination (R2) obtained the result of 86.6% Current Ratio, Debt Equity Ratio and Debt to total assets ratio is jointly affect the

Return On Assets, while the remaining 14.4% is influenced by other variables yangt not examined in this study. From the results of multiple linear regression test results obtained by the regression equation Y = 0.028 + 2.933 X1 + 0.007 X2 + 0,028 X3 + e. Based on the results of the t test (partial) for variable obtained the Current Ratio 0,010 sig <0.05 then Ho is rejected and Ha accepted so that it can be concluded that the current ratio of an effect on Return On Assets, debt equity ratio amounted to 0,020 obtained the degree sig <0.05, Ho refused and Ha is received so that it can be concluded that the effect on the debt equity ratio Return on assets, and debt to total

assets ratio obtained the sig 0.006 <0.05 then Ho is rejected and Ha accepted so that it can be concluded that the debt-to-total assets ratio effect on Return on Assets. And of test f (simultaneously) obtained the sig 0.000 <0.05 so it can be concluded that the Current Ratio, Debt

Equity Ratio and Debt to total assets ratio simultaneously have a significant influence on Return

On Assets in companies listed on the Stock Exchange Indonesia 2012-2016 period.