Indonesian Journal of Advanced Research (IJAR)
Vol. 4 No. 6 (2025): June 2025

The Effect of ROA, CR, and DER on Company Value in the Consumer Goods Industry, Food and Beverage Packaging Sub-Sector, 2018–2023 Period

Firmansyah, Teguh (Unknown)
Fauzan, Fikran Fakhry (Unknown)
Dhevyanto, Benny (Unknown)
Krisdiana, Krisdiana (Unknown)

Article Info

Publish Date
17 Jun 2025

Abstract

This study aims to analyze the effect of Return on Assets (ROA), Current Ratio (CR), and Debt to Equity Ratio (DER) on company value in the packaged food and beverage subsector on the Indonesia Stock Exchange for the period 2018–2023. Using a quantitative approach and multiple linear regression analysis of 144 panel data observations, the results show that ROA and CR have a positive and significant effect on company value, while DER has no significant effect. The research model explains 79.7% of the variation in company value. These findings emphasize the importance of profitability and liquidity in increasing market valuation, and provide practical implications for management in post-pandemic strategic financial management.

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Journal Info
Indonesian Journal of Advanced Research (IJAR)
Website

Abbrev

ijar

Publisher

PT FORMOSA CENDEKIA GLOBAL

Subject

Civil Engineering, Building, Construction & Architecture Computer Science & IT Decision Sciences, Operations Research & Management Education Languange, Linguistic, Communication & Media

Description

Indonesian Journal of Advanced Research (IJAR) is an open-access and peer-reviewed journal, published by Formosa Publisher, which is mainly intended for the dissemination of research results by researchers, academics, and practitioners in many fields of science and technology. IJAR publishes ...