Analysis of Factors Affecting Return on Assets in Manufacturing Companies
Keywords:
Management Change, Financial Difficulties, Firm size, Audit Delay, Audit FeeAbstract
The purpose of this study is to analyze the effect of the Total Asset Turnover Ratio and the Current Ratio on Return on Assets in manufacturing companies listed on the Indonesia Stock Exchange during the 2021-2024 period. A quantitative method was used, using a multiple linear regression analysis approach, based on secondary data, namely the companies' annual financial reports available on the Indonesia Stock Exchange. The study sample included 39 manufacturing companies with a total of 156 observations, and data processing was performed using SPSS version 27. Partial results indicate that the Total Asset Turnover Ratio significantly influences Return on Assets, while the Current Ratio does not. However, simultaneously, both variables significantly influence Return on Assets, although their contribution is relatively small.
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Copyright (c) 2026 Rosanna Purba, Marsinta Ritonga (Author)
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