PENGARUH DEBT TO EQUITY RATIO (DER), RASIO LANCAR (CR) DAN PERPUTARAN PERSEDIAAN (IT) TERHADAP PENGEMBALIAN ATAS AKTIVA (ROA) PADA PERUSAHAAN SUBSEKTOR HOTEL, RESTAURANT DAN PARIWISATA YANG TERDAFTAR DI INDONESIA STOCK EXCHANGE (IDX) PERIODE 2013-2017

Abstract

The objective is to examine the effect of debt to equity ratio, current ratio and inventory turnover on return on assets in the hotel, restaurant and tourism subsector companies listed in the Indonesia Stock Exchange period of 2013-2017. The research used a quantitative research method with a type of quantitative descriptive research that is explanatory research. The research populations were all listed companies in the Indonesia Stock Exchange totaling 25 companies. The research samples were 7 companies drawn by using purposive sampling technique. The research data were analyzed by using multiple linear regression analysis. The research showed that F-count 9,134> F-table 2.91 with a significant value of <0.05. Simultaneously, the debt to equity ratio ratio is smooth and inventory turnover has a significant effect on return on assets in hotel, restaurant and tourism sub-sector companies listed in the Indonesia Stock Exchange period of 2013-2017. Research found that T-count 2,401> T-table 1,69552 with a significant level of <0,05 showing that partially, the equity to equity ratio has a significant effect on return on assets in listed, in the hotel, restaurant and tourism sub-sector companies. The Indonesia Stock Exchange in period of 2013-2017 in which T-count 4,196> T-table 1,69552 with significant value of <0,05. The current ratio has a significant effect on assets in T-count 3,498> T-table 1,69552 with the level of significance <0,05. Inventory turnover has a positive and significant effect on return on assets in the hotel, restaurant and tourism subsector listed in the Indonesia Stock Exchange period of 2013-2017. The results of the analysis of the coefficient of determination obtained from the adjusted R2 square were 0.418, meaning that variations in the variable debt to equity ratio, current ratio and inventory turnover up to 41.8%, and the remaining 58.2% were explained by other variables.