PENGARUH MODAL KERJA BERSIH DAN CURRENT RATIO TERHADAP RETURN ON ASSET (ROA) PADA PERUSAHAAN SUB SEKTOR KONSTRUKSI YANG TERDAFTAR DI BEI PERIODE 2013-2023

Abstract

Penelitian ini bertujuan untuk mengetahui pengaruh Modal Kerja Bersih terhadap Return On Asset Pada Perusahaan Sub Sektor Konstruksi Yang Terdaftar Di BEI Periode 2013-2023, untuk mengetahui pengaruh Current Ratio terhadap Return On Asset Pada Perusahaan Sub Sektor Konstruksi Yang Terdaftar Di BEI Periode 2013-2023 dan untuk mengetahui pengaruh Modal Kerja Bersih dan Current Ratio Terhadap Return On Asset Pada Perusahaan Sub Sektor Konstruksi Yang Terdaftar Di BEI periode 2013-2023. Adapun Populasi dalam penelitian ini adalah seluruh laporan keuangan Perusahaan Sub Sektor Konstruksi dengan menggunakan metode purposive sampling dan jumlah sampel 5 Perusahaan Sub Sektor Konstruksi sehingga total observasi dalam penelitian ini sebanyak 55 observasi. Pengujian hipotesis dalam penelitian ini menggunakan regresi data panel dengan bantuan eviews 13. Metode yang digunakan dalam penelitian ini adalah metode regresi data panel dengan tiga pendekatan yaitu CEM, FEM dan REM dengan spesifikasi model uji Chow, uji Hausman, uji Lagrange Multiplier, uji asumsi klasik dan uji hipotesis. Berdasarkan hasil uji secara parsial Modal Kerja Bersih terhadap Return On Asset diperoleh  0,877485 <  2,007 dengan taraf nilai signifikansi 0,3846 ˃ 0,05 maka  diterima dan  ditolak artinya secara parsial Modal Kerja Bersih tidak berpengaruh signifikan terhadap Return On Asset. Berdasarkan hasil uji secara parsial Current Ratio terhadap Return On Asset diperoleh  -1,997042 <  2,007 dengan taraf nilai signifikansi 0,0515 > 0,05 maka  diterima dan  ditolak artinya secara parsial Current Ratio tidak berpengaruh signifikan terhadap Return On Asset. Berdasarkan hasil uji secara simultan Modal Kerja Bersih dan Current Ratio terhadap Return On Asset diperoleh 8,477192 >  3,18 dengan taraf nilai signifikansi sebesar 0,000003 < 0,05 maka  ditolak dan  diterima, artinya secara simultan Modal Kerja Bersih dan Current Ratio bersama-sama berpengaruh signifikan terhadap Return On Asset.

This study aims to determine the influence of Net Working Capital on Return On Assets in Registered Construction Sub-Sector Companies. On the BEI for the 2013-2023 period, to find out the influence of the Current Ratio on Return On Assets in Construction Sub Sector Companies Listed on the BEI for the 2013-2023 Period and to find out the influence of Net Capital and Current Ratio on Return On Assets on Construction Sub Sector Companies Registered on the IDX for the 2013-2023 period. The population in this research is all financial reports of Construction Sub-Sector Companies using the purposive sampling method and the sample size is 5 Construction Sub-Sector Companies so that the total observations in this research are 55 observations. Bipothesis testing in this research uses panel data regression with the help of eviews 13. The method used in this research is the panel data regression method with three approaches, namely CEM, FEM and REM with model specifications of the Chow test, Hausman test, Lagrange Multiplier test, classical assumption test and hypothesis testing. Based on the partial test results of Net Working Capital on Return On Assets, it was obtained that t count was 0,877485 t table 2,007 with a significance level of 0,3846 > 0,05, so H0 was accepted and Ha was rejected, meaning that partially Net Working Capital had no significant effect on Return On Assets. Based on the results of the partial Current Ratio test on Return On Assets, it was obtained that t count was -1,997042 < t table 2,007 with a significance level of 0,0515 > 0,05, so H0 was accepted and Ha was rejected, meaning that the partial Current Ratio had no significant effect on Return On Assets. Based on the results of the simultaneous test of Net Working Capital and Current Ratio on Return On Assets, it was obtained that F count was 8,477192 F table 3,18 with a significance level of 0,000003 < 0,05, so H0 was rejected and Ha was accepted, meaning that working capital was simultaneous. Net and Current Ratio together have a significant effect on Return On Assets.