PENGARUH RETURN ON EQUITY (ROE) DAN DEBT TO EQUITY RATIO (DER) TERHADAP RETURN ON ASSET (ROA) PADA PERUSAHAAN SEKTOR TRANSPORTASI DAN LOGISTIK YANG TERDAFTAR DI BURSA EFEK INDONESIA (BEI) PERIODE 2021-2025

Aniyatul  Aqidah; Didin Rasyidin Wahyu; Ombi  Romli

doi:10.53067/ijebef.v6i2.347

Authors

Aniyatul Aqidah Universitas Bina Bangsa
Didin Rasyidin Wahyu Universitas Bina Bangsa
Ombi Romli Universitas Bina Bangsa

DOI:

https://doi.org/10.53067/ijebef.v6i2.347

Keywords:

Return on Equity, Debt to Equity Ratio, Return on Assets, Financial Performance, Transportation and Logistics Companies, Return on Equity, Debt to Equity Ratio, Return on Assets, Kinerja Keuangan, Transportasi dan Logistik

Abstract

This study aims to analyze the effect of Return on Equity (ROE) and Debt to Equity Ratio (DER) on Return on Assets (ROA) in transportation and logistics companies listed on the Indonesia Stock Exchange during the 2021–2025 period. The research employed a quantitative approach using an associative research design. The population consisted of 37 companies, while the sample was selected through purposive sampling, resulting in 8 companies with a total of 40 financial statements as the unit of analysis. Data were analyzed using multiple linear regression to examine both the partial and simultaneous effects of the independent variables on ROA. The results indicate that ROE has a positive and significant effect on ROA, with a regression coefficient of 0.577, a t-value of 5.820, and a significance level of 0.000. DER also has a positive and significant effect on ROA, with a regression coefficient of 0.113, a t-value of 2.332, and a significance level of 0.045. Simultaneously, ROE and DER have a positive and significant effect on ROA, as indicated by an F-value of 21.992 and a significance level of 0.000. The coefficient of determination (R²) of 0.574 indicates that 57.4% of the variation in ROA is explained by ROE and DER, while the remaining 42.6% is influenced by other factors outside the research model.

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