The Effect of Cash Turnover and Current Ratio on Return On Asset at PT Pyridam Farma Tbk Period 2010-2022

Authors

  • Akhmad Choiril Anam Pamulang University

DOI:

https://doi.org/10.55538/ifr.v4i2.44

Keywords:

Cash Turnover; Current Ratio; Return on Assets

Abstract

This study aims to determine the effect of Cash Turnover and Current Ratio simultaneously on Return On assets in Pt Pyridam Farma Tbk for the 2010-2022 period. This type of research is associative with a quantitative approach. The methods used are descriptive statistical tests, classical assumption tests, and hypothesis tests. The Cash Turnover study results showed no partial effect on Return On Asset with a calculated value of -0.596< a t-table value of 2.2009, a t-test value of 0.563 > 0.05. The results of the Current Ratio study also have no partial effect on return on assets. This is evidenced by the t-statistic Current Ratio value of 0.687 < ttable value of 2.009 and the significance value of 0.577 > 0.05. From the study results, the effect of Cash Turnover and Current Ratio did not signify on Return On Assets.

References

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Published

2025-03-08 — Updated on 2025-03-08

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How to Cite

Choiril Anam, A. . (2025). The Effect of Cash Turnover and Current Ratio on Return On Asset at PT Pyridam Farma Tbk Period 2010-2022. Indonesian Financial Review, 4(2), 130–147. https://doi.org/10.55538/ifr.v4i2.44

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