The Effect of Current Ratio (CR) and Total Assets Turnover (TATO) on Return on Assets (ROA) in Companies Listed in the Indonesia Syariah Stock Index (ISSI) (Study of PT Indocment Tunggal Prakarsa Tbk Period 2014-2023)
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Abstract
The purpose of this research is to analyze the relationship between Return on Assets (ROA) and Current Ratio (CR)
as well as Total Asset Turnover (TATO) at PT Indocement Tunggal Prakarsa Tbk from 2014 to 2023. The research
method used is quantitative analysis through multiple regression analysis, using second-order data from the company's
fiscal years. The research findings indicate that CR has a positive and significant impact on ROA, with a regression
coefficient of 0.179. Meanwhile, TATO also shows a positive and significant impact. This shows that good liquidity
and consistent efficiency in asset utilization are very important for improving business profitability. The implications
of this research provide guidance to managers in developing decisions related to assets and liquidity, and serve as a
reference for investors when evaluating the operational efficiency of companies in the Indonesian capital market.
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