This study aims to determine the effect of Liquidity (Current Ratio), Solvency (Debt to Equity Ratio), and Activity (Total Assets Turnover) on profitability with measuring instruments (Return on Assets) in the cement sub-sector manufacturing industry in 2018- 2022. The data used in this study are annual financial report data on 6 cement companies listed on the Indonesia Stock Exchange for the period 2018-2022. The research method is quantitative with descriptive analysis. The classical assumption test performed includes multicollinearity test, autocorrelation test, and heteroscedasticity test. The results of the analysis use and hypothesis testing which includes determination analysis, partial test (t test), simultaneous test (F test) and uses multiple linear regression models. The results of this study indicate that, simultaneously Current Ratio, Debt to Equity Ratio, Total Assets Turnover affect Return on Assets sig value 0.000, with an Adjusted R-square value of 51.6%. Partially, Current Ratio has a positive but insignificant effect on ROA, Debt to Equity Ratio has a positive and significant effect on ROA, and Total Assets Turnover has a positive and significant effect on ROA.
| Published in | International Journal of Economics, Finance and Management Sciences (Volume 12, Issue 6) |
| DOI | 10.11648/j.ijefm.20241206.12 |
| Page(s) | 363-371 |
| Creative Commons |
This is an Open Access article, distributed under the terms of the Creative Commons Attribution 4.0 International License (http://creativecommons.org/licenses/by/4.0/), which permits unrestricted use, distribution and reproduction in any medium or format, provided the original work is properly cited. |
| Copyright |
Copyright © The Author(s), 2024. Published by Science Publishing Group |
Current Ratio, Debt to Equity Ratio, Total Assets Turnover, Return on Assets
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APA Style
Sutisna, E. (2024). The Influence of Liquidity, Solvency, Activity on Profitability in the Cement Sub-Sector Manufacturing Industry Listed on the Indonesian Stock Exchange (Bei) for the Period 2018-2022. International Journal of Economics, Finance and Management Sciences, 12(6), 363-371. https://doi.org/10.11648/j.ijefm.20241206.12
ACS Style
Sutisna, E. The Influence of Liquidity, Solvency, Activity on Profitability in the Cement Sub-Sector Manufacturing Industry Listed on the Indonesian Stock Exchange (Bei) for the Period 2018-2022. Int. J. Econ. Finance Manag. Sci. 2024, 12(6), 363-371. doi: 10.11648/j.ijefm.20241206.12
AMA Style
Sutisna E. The Influence of Liquidity, Solvency, Activity on Profitability in the Cement Sub-Sector Manufacturing Industry Listed on the Indonesian Stock Exchange (Bei) for the Period 2018-2022. Int J Econ Finance Manag Sci. 2024;12(6):363-371. doi: 10.11648/j.ijefm.20241206.12
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Download@article{10.11648/j.ijefm.20241206.12,
author = {Eka Sutisna},
title = {The Influence of Liquidity, Solvency, Activity on Profitability in the Cement Sub-Sector Manufacturing Industry Listed on the Indonesian Stock Exchange (Bei) for the Period 2018-2022
},
journal = {International Journal of Economics, Finance and Management Sciences},
volume = {12},
number = {6},
pages = {363-371},
doi = {10.11648/j.ijefm.20241206.12},
url = {https://doi.org/10.11648/j.ijefm.20241206.12},
eprint = {https://article.sciencepublishinggroup.com/pdf/10.11648.j.ijefm.20241206.12},
abstract = {This study aims to determine the effect of Liquidity (Current Ratio), Solvency (Debt to Equity Ratio), and Activity (Total Assets Turnover) on profitability with measuring instruments (Return on Assets) in the cement sub-sector manufacturing industry in 2018- 2022. The data used in this study are annual financial report data on 6 cement companies listed on the Indonesia Stock Exchange for the period 2018-2022. The research method is quantitative with descriptive analysis. The classical assumption test performed includes multicollinearity test, autocorrelation test, and heteroscedasticity test. The results of the analysis use and hypothesis testing which includes determination analysis, partial test (t test), simultaneous test (F test) and uses multiple linear regression models. The results of this study indicate that, simultaneously Current Ratio, Debt to Equity Ratio, Total Assets Turnover affect Return on Assets sig value 0.000, with an Adjusted R-square value of 51.6%. Partially, Current Ratio has a positive but insignificant effect on ROA, Debt to Equity Ratio has a positive and significant effect on ROA, and Total Assets Turnover has a positive and significant effect on ROA.
},
year = {2024}
}
TY - JOUR T1 - The Influence of Liquidity, Solvency, Activity on Profitability in the Cement Sub-Sector Manufacturing Industry Listed on the Indonesian Stock Exchange (Bei) for the Period 2018-2022 AU - Eka Sutisna Y1 - 2024/11/21 PY - 2024 N1 - https://doi.org/10.11648/j.ijefm.20241206.12 DO - 10.11648/j.ijefm.20241206.12 T2 - International Journal of Economics, Finance and Management Sciences JF - International Journal of Economics, Finance and Management Sciences JO - International Journal of Economics, Finance and Management Sciences SP - 363 EP - 371 PB - Science Publishing Group SN - 2326-9561 UR - https://doi.org/10.11648/j.ijefm.20241206.12 AB - This study aims to determine the effect of Liquidity (Current Ratio), Solvency (Debt to Equity Ratio), and Activity (Total Assets Turnover) on profitability with measuring instruments (Return on Assets) in the cement sub-sector manufacturing industry in 2018- 2022. The data used in this study are annual financial report data on 6 cement companies listed on the Indonesia Stock Exchange for the period 2018-2022. The research method is quantitative with descriptive analysis. The classical assumption test performed includes multicollinearity test, autocorrelation test, and heteroscedasticity test. The results of the analysis use and hypothesis testing which includes determination analysis, partial test (t test), simultaneous test (F test) and uses multiple linear regression models. The results of this study indicate that, simultaneously Current Ratio, Debt to Equity Ratio, Total Assets Turnover affect Return on Assets sig value 0.000, with an Adjusted R-square value of 51.6%. Partially, Current Ratio has a positive but insignificant effect on ROA, Debt to Equity Ratio has a positive and significant effect on ROA, and Total Assets Turnover has a positive and significant effect on ROA. VL - 12 IS - 6 ER -
Faculty of Economics, Islamic University of Jakarta, East Jakarta City, Indonesia
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