The Effect Of Financial Ratios On Return On Assets (Roa) : Evidence From Pt Matahari Putra Prima Tbk (2018 – 2025)
DOI:
https://doi.org/10.24905/icobis.v2i1.19Keywords:
DER, CR, SG, TATO, ROAAbstract
This study aims to examine the effect of Debt to Equity Ratio (DER), Current Ratio (CR), Sales Growth (SG), and Total Asset Turnover (TATO) on Return on Assets (ROA) at PT Matahari Putra Prima Tbk during the 2018–2025 period. This research includes Total Aset Turnover (TATO) as an additional explanatory variable to provide a more comprehensive analysis of finansial performance in the retail sector. This quantitative study uses secondary data from quarterly financial statements, with a total of 32 observations, analyzed using multiple linear regression in SPSS 25. The results indicate that DER, CR, SG, and TATO simultaneously have a significant effect on ROA, with an Adjusted R² of 55,2%. Partially, only TATO has a significant negative effect on ROA, while DER, CR, and SG have no significant effect. These findings are expected to assist management in improving asset utilization efficiency and serve as a reference for future research on factors affecting financial performance.
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