The Influence of Financial Ratios on The Profitability of Conventional Commercial Banks Listed on The Indonesia Stock Exchange
Keywords:
CAR, NPL, BOPO, LDR, ROA
Abstract
This paper aims to determine the effect of CAR, NPL, BOPO, and LDR on the ROA of conventional commercial banks listed on the IDX in the period 2019–2023. This type of research is a descriptive analysis, using 27 banks that passed the criteria test and producing a total sample of 135 samples. The tests used in this paper include multiple linear regression analysis, a normality test, a multicollinearity test, an autocorrelation test, a heteroscedasticity test, a coefficient of determination, an F test along with a t test. The results show that CAR does not affect ROA, NPL does not affect ROA, BOPO does affect ROA, and LDR does not affect ROA. At the same time, CAR, NPL, BOPO, and LDR all affect ROA.
References
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Dutahatmaja, A. (2022). Analysis Of The Influence Of Third-Party Funds (DPK), Capital Adequacy Ratio (CAR), Return On Asset (ROA), Loan To Deposit Ratio (LDR) And Non Performing Loan (NPL) On The Distribution Of Banking Credit. DIE : Jurnal Ilmu Ekonomi Dan Manajemen, 13(1), 57–69. https://doi.org/10.30996/die.v13i1.6370
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Hastuti, I. N., Ery Wibowo, R., & Nurcahyono, N. (2024). The Effect of Capital Adequacy Ratio, Non-Performing Loan and Debt Equity Ratio on Financial Performance. Economics and Business International Conference, 1(1), 13–24. www.idx.co.id
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Sasongko, H., & Nancy Yusnita. (2023). The Influence of Productive Asset Quality, Loan to Deposit Ratio, Non Performing Loan, and Operating Expenses to Operating Income on Profit with Capital Adequacy Ratio as Moderating Variable in Indonesian Banking. Jurnal Manajemen Dan Keuangan, 12(1), 141–163. https://doi.org/10.33059/jmk.v12i1.7455
Silvan, A. (2024). Influence of Capital Adequacy Ratio (CAR) and Operational Expenses to Operating Income (BOPO) towards Return on Assets (ROA). Jurnal Impresi Indonesia, 3(5), 1–12. https://doi.org/10.58344/jii.v3i4.4795
Siregar, M. I. H. E. F. A. (2022). Operating Cost Against Operating Income, Net Interest Margin, Capital Adequacy Ratio and Loan To Deposit Ratio on Profitability. Enrichment : Journal of Management, 12(Vol. 12 No. 5 (2022): December: Management Science And Field), 3549–3555. https://enrichment.iocspublisher.org/index.php/enrichment/article/view/830/679
Siswanto, D. J., Maudhiky, F., Wahyudi, I., & Syah, T. Y. R. (2022). The Influence of Debt to Equity Ratio (DER), Return on Assets (ROA) and Company Size on Profit Growth. Journal of Social Science, 3(6), 2137–2147. https://doi.org/10.46799/jss.v3i6.486
Suroso, S. (2022). Analysis of the Effect of Capital Adequacy Ratio (CAR) and Loan to Deposit Ratio (LDR) on the Profits of Go Public Banks in the Indonesia Stock Exchange (IDX) Period 2016 – 2021. Economit Journal: Scientific Journal of Accountancy, Management and Finance, 2(1), 45–53. https://doi.org/10.33258/economit.v2i1.610
Syafitri, F., Ishak, G., & Samryn, L. M. (2023). The Effect of Current Ratio, Debt to Equity Ratio, BOPO, and GDP Growth on Return on Assets with Moderation of Firm Size in PT Pelabuhan Indonesia (Persero) Period 2018-2022. Journal of Social Research, 2(9), 2972–2982. https://doi.org/10.55324/josr.v2i9.1349
Tampubolon, A., Hou, A., & Sakuntala, D. (2024). The Impact Of Exchange Rate , Inflation And Interest Rates On Indonesian Mining Product Exports. Jurnal Ekonomi, 13(03), 803–812. https://doi.org/10.54209/ekonomi.v13i03
Tantorio, A., Purba, P. Y., Fransisca, C., Valencia, V., & Herawati, N. R. (2023). The influence of liquidity DER ROA and TATO on stock price in wholesale sector and small trade companies on IDX 2017-2021. Enrichment : Journal of Management, 13(2), 1164–1174. https://enrichment.iocspublisher.org/index.php/enrichment/article/view/1405
Wahyu, D. R., Majid, A., Widodo, W., Program, M. S., & Bina, U. (2024). The Effect Of Capital Adequacy Ratio (CAR), Return On Assets (ROA), And Return On Equity (ROE) On Stock Growth In State- Owned Banks Listed On The Indonesia Stock Exchange (IDX) For The 2013-2022 Period. Bina Bangsa International Journal of Business and Manageemnt (BBIJBM), 4(2), 195–212. https://doi.org/10.46306/bbijbm.v4i2.99
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Beni, S., Putra, W., & Bariyah, N. (2023). The Effect of Credit Circulation, Loan to Deposit Ratio (LDR), and Interest Rate on Return On Assets (ROA) Due to Non-Performing Loan (NPL) on Credit Unions in Indonesia. International Journal of Multi Discipline Science (IJ-MDS), 6(1), 60–72. https://doi.org/10.26737/ij-mds.v6i1.3797
Chun, S. H., & Ardaaragchaa, N. (2024). Analysis of Factors Affecting the Loan Growth of Banks with a Focus on Non-Performing Loans. Journal of Risk and Financial Management, 17(5), 1–9. https://doi.org/10.3390/jrfm17050203
Darmawan, M. W., Sutisna, E., & Suhara, E. (2023). The Influence of Capital Adequacy Ratio (Car), Loan to Deposit Ratio (Ldr) and Operational Costs of Operational Income (Bopo) On Profitability at Pt. Bank Negara Indonesia (Persero) Tbk. International Journal of Social Science and Human Research, 06(06), 3864–3870. https://doi.org/10.47191/ijsshr/v6-i6-82
Dutahatmaja, A. (2022). Analysis Of The Influence Of Third-Party Funds (DPK), Capital Adequacy Ratio (CAR), Return On Asset (ROA), Loan To Deposit Ratio (LDR) And Non Performing Loan (NPL) On The Distribution Of Banking Credit. DIE : Jurnal Ilmu Ekonomi Dan Manajemen, 13(1), 57–69. https://doi.org/10.30996/die.v13i1.6370
Gulo, G., & Purba, P. Y. (2023). Pengaruh Arus Kas Investasi Terhadap Harga Saham Pada Perusahaan Makanan Dan Minuman Yang Terdaftar Di Bei Dan Stockbit Periode 2019-2020. Akuntansi Prima, 5(2), 90–100.
Hasibuan, I. T., Imsar, & Rahmani, N. A. B. (2023). The Influence Of Bopo, Npf, Third Party Funds, And Minimum Reserve Requirements On Return On Assets At Indonesian Islamic Commercial Banks. Jurnal Tabarru’ : Islamic Banking and Finance, 6(2), 478–490.
Hastuti, I. N., Ery Wibowo, R., & Nurcahyono, N. (2024). The Effect of Capital Adequacy Ratio, Non-Performing Loan and Debt Equity Ratio on Financial Performance. Economics and Business International Conference, 1(1), 13–24. www.idx.co.id
Hutasoit, D. T. M., Toni, N., & Ariesa, Y. (2022). Effect of Loan to Deposit Ratio, Capital Adequacy Ratio, Return On Equity, and Dividend Payout Ratio on stock prices with Bank Indonesia Interest Rates as Moderating Variables in Banking Companies on the Indonesia Stock Exchange. International Journal of Socal and Management Studies, 3(3), 137–149. https://e-jurnal.lppmunsera.org/index.php/JKK/article/view/4002%0Ahttps://e-jurnal.lppmunsera.org/index.php/JKK/article/download/4002/1923
Jahit, U., Pematangsiantar, V., Silitonga, E. A., Febriani, Y., Okto, E., & Damanik, P. (2025). Kalkulasi Biaya Stadar Sebagai Alat Pengendalian Manajerial Pada. Jkpim : Jurnal Kajian Dan Penalaran Ilmu Manajemen, 3(1), 175–186.
Juliani, D. I., Karyatun, S., & Digdowiseiso, K. (2023). The Effect Of Current Ratio, Total Asset Turnover And Debt To Equity Ratio On The Financial Performance Of Manufacturing Companies Listed On The Indonesia Stock Exchange For The 2016-2020 Period. Jurnal Syntax Admiration, 4(4), 630–643. https://doi.org/10.46799/jsa.v4i4.863
Khairani, R. D. V. N. J. B. E. Y. A. D. M. R. A. N. B. S. A. E. M. T. R. (2023). Pemasaran Bisnis Era Digital. CV. Media Sains Indonesia.
Khoirunisa, H., & Karnasi, R. (2022). Factors Affecting Non-Performing Loans of Conventional Banking: Evidence in Indonesia Stock Exchange. Jurnal Syntax Transformation, 3(1), 65–78. https://doi.org/10.46799/jurnalsyntaxtransformation.v3i1.494
Mega, C. C., Fitria, B. T., Kumalasari, R. E., & Damayanti, I. (2024). The Influence of Loan to Deposit Ratio ( LDR ) and Operating Costs on Operating Income ( BOPO ) on Return on Assets ( ROA ) ( Study On One of The Banks in Bandung ). Majalah Bisnis & IPTEK, 17(2), 204–215.
Munthe, H., Khairani, R., & Purba, P. Y. (2024). Empowerment of Coastal Communities Through Sea Fish Processing in Improving The Economy of The Bumi Mangrove Forest Farmers and Fishermen Group Percut Village , Deli Serdang Regency. Abdimas Umtas: Jurnal Pengabdian Kepada Masyarakat, 7(4), 1904–1911.
Murwaningsari, E. (2024). The Effect of Sustainability Reporting Quality, Stock Return, Return on Asset, and BOPO on Earning Management Moderated by Net Interest Margin in Banking Companies Listed on The Indonesia Stock Exchange. International Journal Of Social And Management Studies (IJOSMAS), 01, 85–96. http://www.ijosmas.org
Nasib, Harianto, E. N. R. K. A. F. A., Albert, M. R. R., Martin, D. T., Satrianny, I. P., Hou, M. D. B. D. D. R. A. A., & Tamba, Z. R. D. D. P. A. I. F. U. (2024). Mengenal bisnis 5.0. PT. Pena Persada Kerta Utama.
Nasib, I. L. (2021). Manajemen & Bisnis Modern. In Jakarta: PT Rineka Cipta. Pena Persada.
Nasib, Pranata, S. P., Tampubolon, A., Novirsari, E., Amelia, R., Pasaribu, D. S. O., Theodora, E. M., Hou, A., Ginting, N. M. B., Rivai, A., Anggusti, M., Pasaribu, D. D., & Banuari, N. (2023). Bisnis Dasar Dan Etika Dalam Berbisnis. MTU Press.
Nathasa, B., Purba, P. Y., Kaur, H., Christie, N., & Sipayung, A. (2024). The Influence Of Intellectual Capital, Liquidity, And Operational Efficiency On The Growth Of Banking Profitability In Indonesia (Case Study Of Banking Companies 2020-2023). International Conference on Economics, Business, Management, and Accounting (ICEBesMA), 1–16.
Nazah, K., Hou, A., Harahap, T. A., Ayni, T. W., & Harianto, A. (2024). Analisis Laporan Keuangan sebagai Alat untuk Mengukur Kinerja Keuangan pada PT. Gudang Garam dari Bursa Efek Indonesia. Arus Jurnal Sosial Dan Humaniora (AJSH), 4(2), 1–10. http://jurnal.ardenjaya.com/index.php/ajshhttp://jurnal.ardenjaya.com/index.php/ajsh
Purnama, I., & Yani, F. (2023). Business Administration Business Income , Operational Costs , and Production Costs on Net. Landscape of Business Administration, 1(1), 23–32.
Putri, T. D., Munandar, E., & Santika, G. (2023). Analysts Influence of Non Performing Financing (NPF), Finance to Deposit Ratio (FDR), and Operating Costs and Operating Income (BOPO) on the Return on Assets (ROA) of PT BPRS in West Java Province During the Covid-19 Pandemic. Jambu Air : Journal Of Accounting Management Business And International Research, 1(1), 40–46. https://doi.org/10.57235/jambuair.v1i1.11
Rifansa, M. B., Aisyah, N., & Pulungan, F. (2022). The Effect of Capital Adequacy Ratio (CAR), Non-Performing Loan (NPL), Net Interest Margin (NIM), Loan to Deposit Ratio (LDR) and Operational Costs and Operational Revenue (BOPO) On Return on Assets (ROA) in Bank IV Indonesia. Budapest International Researchand Critics Institute-Journal (BIRCI-Journal, 5(2), 15723–15737. https://doi.org/10.33258/birci.v5i2.5484
Sabri, S. D. N. Y. R. S. R. K. (2023). The Effect Of Financing On Islamic Banking Assets With Non- Performing Finance As A Moderating Variable In Indonesia. Jurnal Ekonomi, 12(01), 1–7. http://ejournal.seaninstitute.or.id/index.php/Ekonomi
Sakuntala, D., Theodora, E. M., Hou, A., & Tampubolon, A. (2024). From Stability To Volatility : The Asymmetric Effects Of Macroeconomic Factors On Indonesia ’ s Sustainable Stocks. Jurnal Ekonomi, 13(04), 736–750. https://doi.org/10.54209/ekonomi.v13i04
Salsabillah, F. M. (2022). The Influence of Service Quality and Security on Customer Satisfaction at PT . Bank Rakyat Indonesia Persero Tbk Kabanjahe Branch. The 1st Proceeding of The International Conference on Economics and Business, 1(2), 698–712.
Sapitri, N. A., & Irawan, B. K. (2023). Impact of the Capital Adequacy Ratio (CAR) and Mudharabah on the Return on Asset (ROA) on Sharia General Banks Registered in the Financial Services Authority (OJK). Journal of Waqf and Islamic Economic Philanthropy, 1(1), 1–12. https://doi.org/10.47134/wiep.v1i1.48
Sari, W. N., Novari, E., Fitri, Y. S., & Nasution, A. I. (2022). Effect of Current Ratio (Cr), Quick Ratio (Qr), Debt To Asset Ratio (Dar) and Debt To Equity Ratio (Der) on Return On Assets (Roa). Journal of Islamic Economics and Business, 2(1), 42–58. https://doi.org/10.15575/jieb.v2i1.20173
Sasongko, H., & Nancy Yusnita. (2023). The Influence of Productive Asset Quality, Loan to Deposit Ratio, Non Performing Loan, and Operating Expenses to Operating Income on Profit with Capital Adequacy Ratio as Moderating Variable in Indonesian Banking. Jurnal Manajemen Dan Keuangan, 12(1), 141–163. https://doi.org/10.33059/jmk.v12i1.7455
Silvan, A. (2024). Influence of Capital Adequacy Ratio (CAR) and Operational Expenses to Operating Income (BOPO) towards Return on Assets (ROA). Jurnal Impresi Indonesia, 3(5), 1–12. https://doi.org/10.58344/jii.v3i4.4795
Siregar, M. I. H. E. F. A. (2022). Operating Cost Against Operating Income, Net Interest Margin, Capital Adequacy Ratio and Loan To Deposit Ratio on Profitability. Enrichment : Journal of Management, 12(Vol. 12 No. 5 (2022): December: Management Science And Field), 3549–3555. https://enrichment.iocspublisher.org/index.php/enrichment/article/view/830/679
Siswanto, D. J., Maudhiky, F., Wahyudi, I., & Syah, T. Y. R. (2022). The Influence of Debt to Equity Ratio (DER), Return on Assets (ROA) and Company Size on Profit Growth. Journal of Social Science, 3(6), 2137–2147. https://doi.org/10.46799/jss.v3i6.486
Suroso, S. (2022). Analysis of the Effect of Capital Adequacy Ratio (CAR) and Loan to Deposit Ratio (LDR) on the Profits of Go Public Banks in the Indonesia Stock Exchange (IDX) Period 2016 – 2021. Economit Journal: Scientific Journal of Accountancy, Management and Finance, 2(1), 45–53. https://doi.org/10.33258/economit.v2i1.610
Syafitri, F., Ishak, G., & Samryn, L. M. (2023). The Effect of Current Ratio, Debt to Equity Ratio, BOPO, and GDP Growth on Return on Assets with Moderation of Firm Size in PT Pelabuhan Indonesia (Persero) Period 2018-2022. Journal of Social Research, 2(9), 2972–2982. https://doi.org/10.55324/josr.v2i9.1349
Tampubolon, A., Hou, A., & Sakuntala, D. (2024). The Impact Of Exchange Rate , Inflation And Interest Rates On Indonesian Mining Product Exports. Jurnal Ekonomi, 13(03), 803–812. https://doi.org/10.54209/ekonomi.v13i03
Tantorio, A., Purba, P. Y., Fransisca, C., Valencia, V., & Herawati, N. R. (2023). The influence of liquidity DER ROA and TATO on stock price in wholesale sector and small trade companies on IDX 2017-2021. Enrichment : Journal of Management, 13(2), 1164–1174. https://enrichment.iocspublisher.org/index.php/enrichment/article/view/1405
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Published
2025-03-03
How to Cite
Jessen, J., Purnama Yanti Purba, Davin Kendrew, & Jhon Raphael Saragih. (2025). The Influence of Financial Ratios on The Profitability of Conventional Commercial Banks Listed on The Indonesia Stock Exchange. International Journal of Economics, Business and Innovation Research, 4(02), 689-705. https://doi.org/10.63922/ijebir.v4i02.1640
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