ANALISIS PENGARUH RASIO LIKUIDITAS DAN RASIO AKTIVITAS DALAM MENILAI KINERJA KEUANGAN

Abstract

This research aimed to examine the effect of liquidity which was measured by Current Ratio (CR), Quick Ratio
(QR), and Cash Ratio (CsH) and activity which was measured by Accounts Receivable Turnover (ARTO),
Inventory Turnover (ITO), Working Capital Turnover (WCTO), Fixed Asset Turnover (FATO), Total Asset
Turnover (TATO) on financial performance which was measured by Return On Asset (ROA). The population
was Food and Beverages which were listed on Indonesia Stock Exchange (IDX). Moreover, the data collection
technique used purposive sampling. Furthermore, the data were in the form of financial statements during 2016-
2020. Therefore, the total samples were 20 companies. Additionally, the data analysis technique used multiple
linear regression with SPSS 23. The research result concluded that liquidity which was measured by CR, QR,
and CsH had a positive and significant effect on financial performance. Likewise, activity which was measured
by ITO and TATO had a positive and significant effect on financial performance. On the other hand, ARTO,
WCTO, and FATO had an insignificant effect on financial performance.