Sintya Dewi Hadi
Universitas Pamulang

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Pengaruh Total Asset Turnover dan Debt to Equity Ratio terhadap Return on Asset pada PT. Astra International Tbk Periode 2014-2023 Sintya Dewi Hadi; Tutri Indraswari
OPTIMAL Jurnal Ekonomi dan Manajemen Vol. 6 No. 2 (2026): Juni: OPTIMAL: Jurnal Ekonomi dan Manajemen
Publisher : Lembaga Pengembangan Kinerja Dosen

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.55606/optimal.v6i2.9738

Abstract

This study aims to determine the effect of Total Asset Turnover (TATO) and Debt to Equity Ratio (DER) on Return on Assets (ROA) at PT Astra International Tbk for the period 2014–2023. The research method employed is descriptive research with a quantitative approach. The analytical techniques used include descriptive statistical analysis, classical assumption tests, simple and multiple linear regression tests, and hypothesis, correlation analysis, and the coefficient of determination (R²) test. The results show that Total Asset Turnover (TATO) has a significant partial effect on Return on Assets (ROA), as indicated by a significance value smaller than 0.05 (0,006 < 0,05) and a tvalue greater than the ttable (3,906 > 2,36462). In contrast, Debt to Equity Ratio (DER) does not have a significant partial effect on Return on Assets (ROA), as the significance value is greater than 0,05 (0,064 > 0,05) and the tvalue is smaller than the ttable (-2,195 < 2,36462). Meanwhile, the F-test results indicate that Total Asset Turnover (TATO) and Debt to Equity Ratio (DER) simultaneously affect Return on Assets (ROA), with a significance value of 0,017 < 0,05 and an Fvalue of 7,630, which is greater than the Ftable (7,630 > 4,74). Furthermore, the coefficient of determination (R²) test shows an R-square value of 0,686, indicating that TATO and DER jointly influence ROA by 59,6%, while the remaining 40,4% is influenced by other variables not examined in this study.