DETERMINAN RETURN ON ASSET: ANALISIS CURRENT RATIO AND INVENTORY TURNOVER PADA PT KIMIA FARMA TBK

Abstract

This study aims to analyze the influence of Current Ratio and Inventory Turnover on Return On Assets at PT Kimia Farma Tbk. Samples in this study were selected using purposive sampling techniques. The method used is a descriptive method with a quantitative approach. The data used are secondary data obtained from the financial statements of PT Kimia Farma Tbk for the period 2018–2024. The data analysis techniques used include Classical Assumption Test, Multiple Linear Regression Analysis, Coefficient of Determination, t-Test (partial), and F Test (simultaneous). The results show that partially, the Current Ratio has a significant effect on Return On Assets, which is evidenced by a titun₉ value of 5.763 greater than ttₐ₆ₑl 2.776 and a significance value of 0.004 which is smaller than 0.05. Meanwhile, Inventory Turnover partially did not have a significant effect on Return On Assets, with a titun₉ value of -0.841 which was smaller than ttₐ₆ₑl 2.776 and a significance value of 0.448 which was greater than 0.05. However, simultaneously, the Current Ratio and Inventory Turnover together have a significant effect on the Return On Assets, which is shown by the value of Fitun₉ of 49.646 greater than Ftₐ₆ₑl of 5.79 with a significance value of 0.001 which is smaller than 0.05.