Literature Study : Analysis The Role Of Current Ratio (CR) , Debt to Equity Ratio (DER) , and Return on Assets (ROA) on Financial Performance in Plantation Companies
Keywords:
Current Ratio, Debt to Equity Ratio, Return on Asset (ROA), Performance Plantation, CompaniesAbstract
This study aims to analyze the role of Current Ratio (CR), Debt to
Equity Ratio (DER), and Return on Assets (ROA) on financial
performance in plantation companies through a literature review
approach. This study uses a qualitative descriptive method with
data collection, techniques through a literature review of ten
relevant scientific articles. The results shox, that all previous studies
used financial ratio analysis as the main tool in assessing company
financial performance. The ratios used include liquidity, solvency,
and profitability ratios. In general, the Current Ratio has a positive
effect on financial performance because it shows the company's
ability to meet its short-term obligations. .The The Debt De to Equity
Ratio has a negative effect, which means that the higher the Debt
to Equity ratio, the higher the financial risk faced by the company.
Meanwhile, Return on Assets reflects the company's effectiveness in
utilizing assets to generate profits, but most plantation companies still
show relatively low ROA values. Thus, the financial performance of
plantation companies is greatly influenced by the balance between
Liquidity, capital structure, and profitability in order to maintain
business stability and sustainability.
References
Agustin, S., Maesaroh, S., Rapina, N., Amelia, R., Ansory, S., Suseno, R., & Situngkir, T. L. (2024).
Analisis Kinerja Keuangan PT Astra Agro Lestari Tbk di Bursa Efek Indonesia. 6(4), 62–70.
Budi Dharma, Suci, I., & Mahfadillah. (2022). Current Ratio. 2(3), 801–811.
Erwin Budi Setyawan, R. (2024). Current Ratio, Quick Ratio Dan Cash Ratio,. 15(2), 1–23.
Heluka, E. (2016). PTP NUSANTARA II KEBUN ARSO KABUPATEN KEEROM Elius Heluka Dosen STIE
Port
Numbay Jayapura. 7, 1–9.
Nasution, F., & Dewi, I. S. (2023). Analisis Kinerja Keuangan Pada Pt.Perkebunan Nusantara V
Pekanbaru Provinsi Riau. Jurnal Dinamika Pertanian, 39(2), 141–150.
P.R, S. H., Ahmadi, & Wulansari, F. (2023). Analisis Kinerja Keuangan Pada Perkebunan Pt. Rezeki
Kencana Estate Jangkang Kalimantan Barat Tahun 2020-2022. Jurnal Economina, 2(9),
–2668. https://doi.org/10.55681/economina.v2i9.847
Permana, K. W. A., Saleh, R., Nelly, Sari, L., & Sutandi, S. (2021). ANALISIS RETURN ON ASSETS
(ROA), RETURN ON EQUITY (ROE), NET PROFIT MARGIN (NPM) DAN GROSS PROFIT
MARGIN UNTUK MENGUKUR KINERJA KEUANGAN PADA PT RAJE BAGINDA JURAI DI
PALEMBANG Kemas Welly
Angga Permana, Roy Saleh, Nelly, Lia Sari, Sri Sutandi. 5(1), 53–70.
Rinaldo, N. E. (2020). Analysis of Financial Performance of Plantation Sub- Sector Companies Listed
on the Indonesia Stock Exchange for the 2014-2019 Period. 5(4).
Sari, R. R., & Hermana, C. (2024). Pengaruh Return On Asset ( ROA ) , Return On Equity ( ROE ) Dan
Net Profit Margin ( NPM ) Terhdap Return Saham Perusahaan Kelapa Sawit. 4, 3848–3860.
Agustin, S., Maesaroh, S., Rapina, N., Amelia, R., Ansory, S., Suseno, R., & Situngkir, T. L. (2024).
Analisis Kinerja Keuangan PT Astra Agro Lestari Tbk di Bursa Efek Indonesia. 6(4), 62–70.
Budi Dharma, Suci, I., & Mahfadillah. (2022). Current Ratio. 2(3), 801–811.
Erwin Budi Setyawan, R. (2024). Current Ratio, Quick Ratio Dan Cash Ratio,. 15(2), 1–23.
Heluka, E. (2016). PTP NUSANTARA II KEBUN ARSO KABUPATEN KEEROM Elius Heluka Dosen STIE
Port
Numbay Jayapura. 7, 1–9.
Nasution, F., & Dewi, I. S. (2023). Analisis Kinerja Keuangan Pada Pt.Perkebunan Nusantara V
Pekanbaru Provinsi Riau. Jurnal Dinamika Pertanian, 39(2), 141–150.
P.R, S. H., Ahmadi, & Wulansari, F. (2023). Analisis Kinerja Keuangan Pada Perkebunan Pt. Rezeki
Kencana Estate Jangkang Kalimantan Barat Tahun 2020-2022. Jurnal Economina, 2(9),
–2668. https://doi.org/10.55681/economina.v2i9.847
Permana, K. W. A., Saleh, R., Nelly, Sari, L., & Sutandi, S. (2021). ANALISIS RETURN ON ASSETS
(ROA), RETURN ON EQUITY (ROE), NET PROFIT MARGIN (NPM) DAN GROSS PROFIT
MARGIN UNTUK MENGUKUR KINERJA KEUANGAN PADA PT RAJE BAGINDA JURAI DI
PALEMBANG Kemas Welly
Angga Permana, Roy Saleh, Nelly, Lia Sari, Sri Sutandi. 5(1), 53–70.
Rinaldo, N. E. (2020). Analysis of Financial Performance of Plantation Sub- Sector Companies Listed
on the Indonesia Stock Exchange for the 2014-2019 Period. 5(4).
Sari, R. R., & Hermana, C. (2024). Pengaruh Return On Asset ( ROA ) , Return On Equity ( ROE ) Dan
Net Profit Margin ( NPM ) Terhdap Return Saham Perusahaan Kelapa Sawit. 4, 3848–3860.
Downloads
Published
Issue
Section
License
Copyright (c) 2026 Tania Octavia, Era Permata Sani, Hilda Sofia Afifa Siregar, Deliana Deliana, Putri Syuhada (Author)
This work is licensed under a Creative Commons Attribution 4.0 International License.
Simposium Ilmiah Akuntansi under the terms of a Creative Commons Attribution 4.0 International License / CC BY 4.0 This license permits anyone to copy and redistribute this material in any form or format, compose, modify, and make derivative works of this material for any purpose, including commercial purposes, so long as they include credit to the Author of the original work.
