Pengaruh Perputaran Kas, Total Aset Turnover, Debt to Equity Ratio, dan Ukuran Perusahaan Terhadap Return on Asset di Perusahaan Properti dan Real Estate yang Terdaftar pada Bursa Efek Indonesia Periode 2020-2024

Abstract

This study aims to analyze the impact of cash turnover, Total Asset Turnover (TATO), Debt to Equity Ratio (DER), and firm size on Return on Assets (ROA) for property and real estate companies listed on the Indonesia Stock Exchange during the 2020–2024 period. The study employs a quantitative approach using secondary data derived from annual financial reports. The sample consists of 29 companies selected via purposive sampling, resulting in a total of 145 observations. Data were analyzed using multiple linear regression via SPSS, following descriptive statistical analysis and classical assumption testing. The results indicate that cash turnover, TATO, and firm size have a significant effect on ROA, whereas DER does not. The research model yielded an Adjusted R² value of 0.584, indicating that 58.4% of the variation in ROA can be explained by the variables under study. These findings suggest that enhancing asset utilization efficiency, cash management, and firm scale are crucial factors in boosting the profitability of property and real estate companies.