The Effect of Working Capital Turnover and Debt to Asset Ratio on Return on Assets at PT. Sawit Sumbermas Sarana Tbk Period 2013-2024
DOI:
https://doi.org/10.58174/ijimes.v1i5.83Keywords:
Working Capital Turnover; Debt to Asset Ratio; Return on AssetAbstract
The purpose of this study is to determine the effect of Working Capital Turnover and Debt to Asset Ratio on Return on Asset at PT. Sawit Sumbermas Sarana Tbk for the period 2013-2024. The method used is quantitative. The sampling technique used saturated sampling and obtained a sample of 12 years, namely the financial statements of PT. Sawit Sumbermas Sarana Tbk for the period 2013-2024. Data analysis uses descriptive analysis, classical assumption test, regression analysis, correlation coefficient, determination coefficient and hypothesis test. The population in this study is financial statements in the form of a panel totaling 12 years. Methods of data collection observation, documentation and literature study. The result of this study is that Working Capital Turnover does not have a significant effect on Return on Asset as evidenced by uji hypothesis obtained t calculation > t table or (2.086 < 2.262). Debt to Asset Ratio has a significant negative effect on Return on Asset as evidenced by the hypothesis obtained by t calculation of the > t table or (-5.172 > 2.262). Working Capital Turnover and Debt to Asset Ratio simultaneously had a significant effect on Return on Asset with a regression equation Y = 26.375 + 0.042X1 - 0.333X2, nii the determination coefficient was 69.8% while the remaining 30.2% was influenced by other factors. The hypothesis test obtained an F value calculated > F table or (13.688 > 4.26)
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