The Influence of Liquidity Ratio as Current (CR), (DER) Rasio Leverage and Asset Structure to Return on Investment of Coal Companies

Published: Mar 2, 2023

Abstract:

Purpose: This study objectives to determine whether or not there is an effect of Liquidity Ratio as Current (CR), (DER) Rasio Leverage and Assets Structure on Return On Investment.

Research methodology: This lookup was once carried out on information collection on the economic reviews of coal organizations in the 2017-2021 period. This lookup makes use of quantitative methods. The sampling approach used in this find out was once purposive sampling. forty samples have been taken from eight coal businesses from the annual report. This learns about makes use of SPSS 26 as an analytical tool.

Results: The effects of the partial check exhibit that Liquidity Ratio as Current (CR) has no giant impact on Return On Investment, (DER) Rasio Leverage has a large impact on Return On Investment, Assets Structure has no considerable impact on Return On Investment, whilst lookup in simultaneous assessments suggests that Liquidity Ratio as Current (CR), (DER) Rasio Leverage and Assets Structure have no sizable impact on Return On Investment.

Limitations: This research was conducted in coal sector companies listed on the Indonesia Stock Exchange, only 8 companies were studied and the financial reports analyzed were from only 5 years starting from 2017-2021, the results of the analysis of the remaining data were obtained as is.

Contribution: This research can be useful for companies in order to determine policies to increase the company's investment value.

Keywords:
1. Liquidity Ratio as Current (CR)
2. (DER) Rasio Leverage
3. Assets Structure
4. Return on Investment
Authors:
1 . Zian Fachrian
2 . Wastam Wahyu Hidayat
How to Cite
Fachrian, Z., & Hidayat, W. W. (2023). The Influence of Liquidity Ratio as Current (CR), (DER) Rasio Leverage and Asset Structure to Return on Investment of Coal Companies. International Journal of Accounting and Management Information Systems, 1(1), 17–31. https://doi.org/10.35912/ijamis.v1i1.1441

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References

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    Susanto, K. B. (2017). The Effect of Liquidity Ratio as Current (CR) and Total (DER) Rasio Leverage on Return On Investment (ROI) in the Property and Real Estate Subsector Listed on the Indonesia Stock Exchange. Bisma Journal, 1(9).

    Umniati, R., Titisari, K. H., & Chomsatu, Y. (2018). The influence of current ratio, inventory turnover ratio, cash turnover and debt to equity ratio against the return on investment in the production of industrial companies listed on the stock exchange of Malaysia in 2016. Paper presented at the PROCEEDING ICTESS (Internasional Conference on Technology, Education and Social Sciences).

  1. Fadli, A. A. Y. (2017). Analisis Pengaruh Return On Investment (Roi) dan Debt Equity Ratio (Der) terhadap Dividend Payout Ratio (Dpr) pada PT. Hanjaya Mandala Sampoerna, Tbk. Jurnal Ilmu Ekonomi Dan Pembangunan, 17(1).
  2. Gani, P. (2019). Pengaruh Struktur Aktiva, Return On Asset, dan Current Ratio Terhadap Struktur Modal Pada Perusahaan Manufaktur Yang Terdaftar Di Bursa Efek Indonesia. Jurnal Ilmiah Core IT: Community Research Information Technology, 7(2).
  3. Guna, M. A., & Sampurno, R. D. (2018). Analisis Faktor-Faktor Yang Mempengaruhi Struktur Modal (Studi Kasus Pada Perusahaan Makanan Dan Minuman Yang Terdaftar Di Bei Periode 2012–2016). Diponegoro Journal Of Management, 7(2), 236-247.
  4. Hasanudin, H. (2022). Effect of Return on Assets, Current Ratio and Degree of Leverage on Debt To Equity Ratio Mixed Private Banking Sector Listed On The Indonesia Stock Exchange 2016-2020. International Journal of Artificial Intelligence Research, 6(1.2).
  5. Herawati, A., & Fauzia, F. I. (2018). The effect of current ratio, debt to equity ratio and return on asset on dividend payout ratio in sub-sector automotive and component listed in Indonesia Stock Exchange in period 2012–2016. KnE Social Sciences.
  6. Hidayat, W. W. (2018). Dasar-dasar Analisa Laporan Keuangan (F. Fabri & W. Y. P. (eds.); Pertama ed.): Uwais Inspirasi Indonesia.
  7. Lyle, N. (2017). Debt/Equity Ratio and Asset Pricing Analysis.
  8. Manurung, A. H. (2021). Manajemen Keuangan: PT. Adler Manurung Press.
  9. Maulita, D., & Arifin, M. (2018). Pengaruh Return On Investment (ROI) dan Earning Per Share (EPS) terhadap return saham syariah (Studi kasus pada perusahaan manufaktur sub sektor makanan dan minuman yang terdaftar pada Indeks Saham Syariah Indonesia periode 2012-2016). Jurnal Manajemen, 8(1).
  10. Menhard, M. (2017). Pengaruh Current Ratio, dan Quick Ratio Terhadap Return on Invesment Pada Perusahaan Trasnportasi Di BEI. Jurnal Samudra Ekonomi dan Bisnis, 8(1), 653-662.
  11. Putra, R. C., & Dillak, V. J. (2018). Analisis Pengaruh Debt To Equity Ratio (der), Return On Equity (roe), Dan Earning Per Share (eps) Terhadap Harga Saham (studi Kasus Pada Indeks Saham Subsektor Pertambangan Yang Terdaftar Di Bursa Efek Indonesia Periode 2012-2016). eProceedings of Management, 5(2).
  12. Rusnaeni, N. (2018). Pengaruh Current Ratio Dan Debt To Equity Ratio Terhadap Return On Investment Pada Pt. Bhuwanatala Indah Permai, Tbk Periode 2007-2015. Jurnal Semarak, 1(2), 87-94.
  13. Santoso, H., Lako, A., & Rustam, M. (2020). Relationship of Asset Structure, Capital Structure, Asset Productivity, Operating Activities and Their Impact on the Value of Manufacturing Companies Listed on the Indonesia Stock Exchange. International Journal of Multicultural and Multireligious Understanding, 7(8), 358-370.
  14. Santoso, H., & Willim, A. P. (2022). The Influence of Asset Structure and Capital Structure on Firm Value With Asset Productivity and Operating Activities as Mediating Variables. International Journal Papier Public Review, 3(1), 40-53.
  15. Setiadharma, S., & Machali, M. (2017). The effect of asset structure and firm size on firm value with capital structure as intervening variable. Journal of Business & Financial Affairs, 6(4), 1-5.
  16. Shabrina, W., & Hadian, N. (2021). The influence of current ratio, debt to equity ratio, and return on assets on dividend payout ratio. International Journal of Financial, Accounting, and Management, 3(3), 193-204.
  17. Susanti, N., Latifa, I., & Sunarsi, D. (2020). The effects of profitability, leverage, and liquidity on financial distress on retail companies listed on Indonesian Stock Exchange. Jurnal Ilmiah Ilmu Administrasi Publik, 10(1), 45-52.
  18. Susanto, K. B. (2017). The Effect of Liquidity Ratio as Current (CR) and Total (DER) Rasio Leverage on Return On Investment (ROI) in the Property and Real Estate Subsector Listed on the Indonesia Stock Exchange. Bisma Journal, 1(9).
  19. Umniati, R., Titisari, K. H., & Chomsatu, Y. (2018). The influence of current ratio, inventory turnover ratio, cash turnover and debt to equity ratio against the return on investment in the production of industrial companies listed on the stock exchange of Malaysia in 2016. Paper presented at the PROCEEDING ICTESS (Internasional Conference on Technology, Education and Social Sciences).