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Pengaruh Current Ratio, Total Asset Turnover, dan Debt to Equity Ratio terhadap Return on Equity pada PT. Semen Indonesia, Tbk Anggun Putri Dewanti; Alwi Alwi; Mukhlis Mukhlis
Jurnal Inovasi Manajemen, Kewirausahaan, Bisnis dan Digital Vol. 2 No. 3 (2025): Agustus : Jurnal Inovasi Manajemen, Kewirausahaan, Bisnis dan Digital
Publisher : Asosiasi Riset Ilmu Manajemen dan Bisnis Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.61132/jimakebidi.v2i3.592

Abstract

The purpose of this research is to examine the influence of current ratio, total asset turnover, and debt to equity ratio on return on equity at PT Semen Indonesia Tbk for the period 2014–2023. The research employs secondary data derived from the company’s annual financial statement, accessed through the official website (https://www.semenindonesiainternational.com). To analyze the data, the study applies a series of statistical methods, including classical assumption tests, multiple linear regression analysis, and hypothesis testing, all conducted using SPSS version 23. The findings reveal that the Current Ratio exerts a statistically significant partial influence on Return on Equity. Similarly, Total Asset Turnover has a significant partial effect, while the Debt to Equity Ratio also contributes partially to variations in ROE. Furthermore, the joint effect of CR, TATO, and DER on ROE is found to be statistically significant. These results underscore the critical role of liquidity, efficiency, and leverage indicators in shaping a company’s financial performance, particularly as measured by Return on Equity.