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All Journal Jurnal Ilmiah Ekonomi dan Manajemen Jurnal Media Akademik (JMA)
Muhammad Aulia Tanshir Saragih
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Religion Humanities Economics, Econometrics & Finance Education Languange, Linguistic, Communication & Media Law, Crime, Criminology & Criminal Justice Social Sciences Other

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PENGARUH CURRENT RATIO DAN DEBT TO EQUITY RATIO TERHADAP RETURN ON EQUITY PADA PT PERTAMINA TBK PERIODE TAHUN 2008 - 2023 Dila Wulandari; Amira Kamaliya; Nur Aprilliani; Muhammad Aulia Tanshir Saragih; Yulianto
Jurnal Media Akademik (JMA) Vol. 2 No. 12 (2024): JURNAL MEDIA AKADEMIK Edisi Desember
Publisher : PT. Media Akademik Publisher

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.62281/v2i12.1139

Abstract

Tujuan dari penelitian ini adalah untuk mengetahui bagaimana PT Pertamina Tbk dipengaruhi oleh Current Ratio (CR) dan Debt to Equity Ratio (DER) antara tahun 2008 hingga 2023. Penelitian ini menggunakan satu variabel dependen yaitu Return on Equity (ROE), dan dua variabel independen yaitu Current Ratio (CR) dan Debt to Equity Ratio (DER). Metode penelitian yang dipakai itu jenis penelitian deskriptif kuantitatif dan sistem pengolahan data menggunakan eviews Versi 13. Data sampel yang digunakan terdiri dari data tahunan selama 16 tahun. Berikut persamaan regresi linier berganda berdasarkan temuan peneliti yang melibatkan data tersebut: Y=0.187834943412 - 0.080834002088X1 + 0.0479557870952X2. Hasil analisis menunjukkan bahwa secara parsial, Tidak terdapat pengaruh signifikan secara parsial Current Ratio (CR) terhadap Return on Equity (ROE), berdasarkan hasil uji t menunjukkan t-statistik sebesar -1.78638 untuk CR dan nilai signifikansi sebesar 0.0974 yaitu lebih besar dari 0,05. Selain itu, Debt to Equity Ratio (DER) tidak mempunyai pengaruh secara parsial terhadap Return on Equity (ROE) yang ditunjukkan dengan t-statistik yaitu sebesar 1,055641 dengan nilai signifikansi sebesar 0,3104. Meskipun demikian, temuan pengujian secara simultan menunjukkan bahwa Return on Equity (ROE) dipengaruhi oleh Debt to Equity Ratio (DER) dan Current Ratio (CR). Hal ini menyiratkan bahwa meskipun pengaruh kedua faktor independen tersebut tidak signifikan secara statistik, keduanya bekerja sama untuk mempengaruhi Return on Equity (ROE) secara bersamaan. Studi ini memperluas pengetahuan tentang variabel-variabel yang mempengaruhi kinerja keuangan bisnis, khususnya di PT Pertamina Tbk, dan merupakan alat yang berguna bagi para manajer untuk digunakan ketika membuat pilihan keuangan yang lebih diperhitungkan di masa akan datang.
Pengaruh Struktur Modal, Total Asset Turn Over, Dan Current Ratio Terhadap Kinerja Keuangan Pada PT Kalbe Farma Tbk Periode 2015-2024 Muhammad Aulia Tanshir Saragih; Koes Indrakoesoema
JURNAL ILMIAH EKONOMI DAN MANAJEMEN Vol. 4 No. 5 (2026): MEI
Publisher : CV. KAMPUS AKADEMIK PUBLISING

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.61722/jiem.v4i5.9799

Abstract

This study aims to analyze the effect of Debt to equity Ratio, Total Asset Turnover, and Current Ratio on Return on Assets, both partially and simultaneously, at PT Kalbe Farma Tbk during the period 2015-2024. This study uses a descriptive method with a quantitative Approach. So the analysis is focused on the processing and interpretation of numerical data sourced from the company's annual financial statements. The data used are secondary data obtained from the financial position statement and income statement, which are published consistently during the observation period and are considered representative in describing the company's financial condition over time. Data analysis is carried out through several stages, starting from classical assumption testing to multiple linear regression analysis. To assess the feasibility of the research model, correlation coefficient tests, determination coefficients, simultaneous tests (F), and partial tests (t) are used with the help of EViews 12 software. The test results show that DER has no significant effect on ROA, with a significance value of 0.1715 which is greater than the significance level of 0.05. Similar results were found for CR, which had a significance value of 0.3738, thus not being proven to have an effect on ROA. In contrast to TATO, this variable actually showed a positive and significant effect on ROA with a significance value of 0.0354, indicating that asset utilization efficiency plays a significant role in increasing company profitability. Meanwhile, the results of the simultaneous test showed that DER, TATO, and CR together did not have a significant effect on ROA, with a probability value of 0.068577. However, the Adjusted R² value of 0.503867 indicates that the research model is able to explain 50.39% of the variation in ROA. Meanwhile, the remaining 49.61% is influenced by other factors outside the analyzed variables.
Co-Authors AA Sudharmawan, AA Amira Kamaliya Dila Wulandari Koes Indrakoesoema Nur Aprilliani