PENGARUH RASIO LIKUIDITAS, RASIO AKTIVITAS, RASIO SOLVABILITAS TERHADAP KINERJA KEUANGAN PT JAPFA COMFEED INDONESIA TBK

Abstract

This research aimed to examine the effect of the liquidity ratio (Current Ratio), activity ratio (Total Assets Turnover), and solvability ratio (Debt To Equity Ratio) on the financial performance at PT. Japfa Comfeed Indonesia Tbk. The research was quantitative. The population was PT. Japfa Comfeed Indonesia Tbk. Furthermore, it did not use a sample collection technique but used population as one company was observed only. The data were taken for 5 years, in the form of quarterly reports during 2018-2022, In total, there were 20 observation data analyzed. Moreover, the data analysis technique used multiple linear regression with SPSS program 26 version. The result indicated that liquidity ratio (Current Ratio) had a negative and significant effect on the financial performance (Return On Equity). On the other hand, activity ratio (Total Assets Turnover) had a positive and significant effect on the financial performance (Return On Equity). In contrast, solvability ratio (Debt to Equity Ratio) had a negative and significant effect on the financial performance (Return On Equity).