The Effect of Current Ratio and ROE on ROA in Property and Real Estate Companies Listed on the Indonesia Stock Exchange in 2020-2022

Celine Putri Marcellya; Heikal Muhammad Zakaria; Venni Avionita

doi:10.63922/ijebir.v5i03.3588

Celine Putri Marcellya Accounting Study Program Singaperbangsa University, Karawang
Heikal Muhammad Zakaria Accounting Study Program Singaperbangsa University, Karawang
Venni Avionita Accounting Study Program Singaperbangsa University, Karawang

DOI: https://doi.org/10.63922/ijebir.v5i03.3588

Keywords: current ratio, return on equity, return on assets.

Abstract

The aim of this research is to test how influential the Current Ratio and Return on Equity (ROE) are on Return on Assets (ROA) in Property and Real Estate sector companies on the Indonesia Stock Exchange. This type of research emphasizes the use of quantitative casuality. This research uses multiple linear regression techniques. The data used are the financial reports of 85 Property and Real Estate Companies in Indonesia on the Indonesia Stock Exchange with a sample of 16 companies selected using a purposive sampling method for the period 2020 to 2022. The research results found that the Current Ratio does not influence Return on Assets (ROA), but Return on Equity (ROE) influences Return on Assets (ROA). The value of the coefficient of determination (R) increases to a value of 0.240, which means that 24% of Return on Assets (ROA) can be explained by the Current Ratio and Return on Equity (ROE) variables, while the remaining 76% is explained by variables outside the model. The implication is that future researchers are expected to test different subjects so they can compare with this research.

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