The Effect of Dividend Payout Ratio and Debt to Equity Ratio on Return on Assets at PT Asuransi Ramayana, Tbk for the 2015-2024 Period
DOI:
https://doi.org/10.58174/ijqmr.v1i2.23Keywords:
Dividend Payout Ratio; Debt to Equity Ratio; Return on Asset.Abstract
The purpose of this study is to determine the effect of Dividend Payout Ratio and Debt to Equity Ratio on Return on Assets at PT Asuransi Ramayana, Tbk for the 2015-2024 Period. The method used is quantitative. The sampling technique uses saturated sampling and obtained a sample of 10 years, namely the financial statements of PT Asuransi Ramayana, Tbk for the 2015-2024 period. Data analysis uses descriptive analysis, classical assumption test, regression analysis, correlation coefficient, determination coefficient and hypothesis test. The population in this study is a 10-year panel financial statement. Methods of data collection observation, documentation and literature study. The result of this study is that the Dividend Payout Ratio does not have a significant effect on the Return on Asset which is evidenced by the hypothesis test obtained by t calculated < t table or (-0.833 < 2.306) and also strengthened with a significance of 0.432 > 0.05. The Debt to Equity Ratio has no significant effect on the Return on Asset as evidenced by the hypothesis test obtained by t calculated < t table or (0.242 < 2.306) and also strengthened by a significance of 0.816 > 0.05. Dividend Payout Ratio and Debt to Equity Ratio simultaneously had no significant effect on Return on Asset with a regression equation Y = 4.607 - 0.014X1 + 0.001X2, nii the determination coefficient was 94.1% while the remaining 5.9% was influenced by other factors. The hypothesis test obtained the value of F calculated < F table or (0.467 < 4.740) and was also strengthened with a significance of 0.645 > 0.05.
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