PENGARUH DEBT TO ASSET RATIO, TOTAL ASSET TURNOVER, DAN CURRENT RATIO TERHADAP RETURN ON ASSET PADA PT. ASPIRASI HIDUP INDONESIA TBK (2017-2024)

Alfin Nur Ismunarto Putra

doi:10.32503/jcm.v4i2.9260

Alfin Nur Ismunarto Putra Universitas Islam Kadiri

DOI: https://doi.org/10.32503/jcm.v4i2.9260

Abstract

Abstract
This research aims to analyze the influence of Debt to Asset Ratio (DAR), Total Asset Turnover (TATO), and Current Ratio (CR) on Return on Assets (ROA) at PT Aspiration Life Indonesia Tbk for the 2017–2024 period. The research method used in this research is a quantitative method with an associative approach. The research sample used the quarterly financial reports of PT Aspiration Life Indonesia Tbk for the 2017–2024 period with a saturated sampling technique. Data analysis was carried out using multiple linear regression with the help of the SPSS application. The research results show that partially the Debt to Asset Ratio (DAR) has a negative and significant effect on Return on Assets (ROA). Total Asset Turnover (TATO) has a positive and significant effect on Return on Assets (ROA), while Current Ratio (CR) has a negative and significant effect on Return on Assets (ROA). Simultaneously, Debt to Asset Ratio (DAR), Total Asset Turnover (TATO), and Current Ratio (CR) have a significant effect on Return on Assets (ROA). The results of this research show that the level of company profitability is not only influenced by one factor, but is influenced by a combination of the company's ability to manage funding structures, effective use of assets and liquidity management.
Keywords: Debt to Asset Ratio, Total Asset Turnover, Current Ratio, Return on Assets.

Abstrak
Penelitian ini bertujuan menganalisis pengaruh Debt to Asset Ratio (DAR), Total Asset Turnover (TATO), dan Current Ratio (CR) terhadap Return on Asset (ROA) pada PT Aspirasi Hidup Indonesia Tbk periode 2017–2024. Metode penelitian yang digunakan penelitian ini adalah metode kuantitatif dengan pendekatan asosiatif. Sampel penelitian menggunakan laporan keuangan triwulanan PT Aspirasi Hidup Indonesia Tbk periode 2017–2024 dengan teknik pengambilan sampel jenuh. Analisis data dilakukan menggunakan regresi linear berganda dengan bantuan aplikasi SPSS. Hasil penelitian menunjukkan bahwa secara parsial Debt to Asset Ratio (DAR) & Current Ratio (CR) berpengaruh negatif dan signifikan terhadap Return on Asset (ROA). Total Asset Turnover (TATO) berpengaruh positif dan signifikan terhadap Return on Asset (ROA). Secara simultan, Debt to Asset Ratio (DAR), Total Asset Turnover (TATO), dan Current Ratio (CR) berpengaruh signifikan terhadap Return on Asset (ROA). Hasil penelitian menunjukkan bahwa tingkat profitabilitas perusahaan tidak hanya dipengaruhi oleh satu faktor, melainkan dipengaruhi oleh kombinasi kemampuan perusahaan dalam mengelola struktur pendanaan, efektivitas penggunaan aset, dan pengelolaan likuiditas.
Kata kunci: Debt to Asset Ratio, Total Asset Turnover, Current Ratio, Return on Asset.

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