Journal Informatic, Education and Management (JIEM)
Vol 8 No 2 (2026): AUGUST

THE EFFECT OF CURRENT RATIO, RETURN ON EQUITY, DEBT TO ASSET RATIO, INVENTORY TURNOVER, AND SALES GROWTH ON RETURN ON INVESTMENT IN RETAIL COMPANIESLISTED ON THE INDONESIAN STOCK EXCHANGE FOR THE PERIOD 2019–2024

William Fransisco Wijaya (Unknown)
Jerico Thomas (Universitas Prima Indonesia)
Ike Rukmana Sari (Universitas Prima Indonesia)
Fauziah Kumalasari (Universitas Prima Indonesia)



Article Info

Publish Date
25 May 2026

Abstract

This study aims to analyze the impact of the Current Ratio (CR), Return on Equity (ROE), Debt to Asset Ratio (DAR), Inventory Turnover (IT), and Sales Growth (SG) on Return on Investment (ROI) for retail sector companies listed on the Indonesia Stock Exchange (IDX) during the 2019–2024 period. The retail sector was selected because it plays a significant role in the national economy and is one of the sectors most affected by changes in consumer behavior. The research method employed a quantitative approach using purposive sampling, yielding 114 observation samples. The results of the study indicate that, individually, the Current Ratio, Inventory Turnover, and Sales Growth do not have a significant effect on Return on Investment, whereas Return on Equity and the Debt to Asset Ratio have a significant effect on Return on Investment. Simultaneously, all independent variables namely Current Ratio, Return on Equity, Debt to Asset Ratio, Inventory Turnover, and Sales Growth have a significant effect on Return on Investment. These findings indicate that profitability and financing structure play a crucial role in determining the rate of return on investment for companies in the retail sector in Indonesia.

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Journal Info

Abbrev

jiem

Publisher

Subject

Computer Science & IT Decision Sciences, Operations Research & Management Education Languange, Linguistic, Communication & Media Other

Description

Perkembangan ilmu pengetahuan terkait dengan teknologi, informasi dan komunikasi baik secara teoritis maupun empiris terbukti sudah memberikan dampak positif bagi berbagai sisi kehidupan masyarakat. Perkembangan ilmu Bidang Teknologi Informasi Dan Komunikasi sudah banyak memberikan manfaat bagi ...