Pengaruh Cash Ratio dan Quick Ratio terhadap Return on Assets pada Perusahaan Perdagangan Eceran Consumer Cyclicals di BEI Periode  2020-2024

Fanny Septiani; Rosmita Rosmita

doi:10.61132/jubid.v3i3.1534

Authors

Fanny Septiani Universitas Bina Sarana Informatika
Rosmita Rosmita Universitas Bina Sarana Informatika

DOI:

https://doi.org/10.61132/jubid.v3i3.1534

Keywords:

Cash Ratio, Liquidity, Profitability, Quick Ratio, Return on Assets

Abstract

The high level of competition and distinctive operational characteristics of companies in the consumer cyclicals retail trade subsector make liquidity management one of the determining factors in maintaining corporate profitability. This study aims to examine the effects of the Cash Ratio and Quick Ratio, both partially and simultaneously, on Return on Assets (ROA) among companies in the consumer cyclicals retail trade subsector listed on the Indonesia Stock Exchange during the 2020–2024 period. The study employs an associative quantitative approach using secondary data in the form of annual financial statements. Based on the purposive sampling technique, seven companies were selected as the sample, resulting in a total of 35 observations over five years of observation. The data were analyzed using multiple linear regression with the assistance of SPSS version 25. The results show that the Cash Ratio has a positive and significant effect on ROA partially, while the Quick Ratio does not have a significant effect. Simultaneously, both variables have a significant effect on ROA, with a contribution of 14.8 percent, while the remainder is influenced by other factors outside the research model. These findings indicate that the Cash Ratio is more relevant as a liquidity indicator in explaining corporate profitability in this subsector.

Downloads

Download data is not yet available.

References

Alfarezu, P., & Nugroho, R. D. (2024). Pengaruh Cash Ratio (CR) dan Debt to Asset Ratio (DAR) Terhadap Return On Asset (ROA) PT Aneka Tambang Tbk 2008 - 2023. 12(2), 124–137. Https://doi.org/10.32493/jk.v12i2.y2024.p124-137

Anan, M. (2023). Analisis Cash Ratio Quick Ratio dan Current Ratio. 17, 1528–1545. Https://doi.org/https://doi.org/10.46576/wdw.v17i4.3805

Anwar, & Nursan, M. (2025). Buku Ajar Proccessing Data Penelitian Menggunakan Software SPSS. Pustaka Bangsa.

Febrianty, Annisa, M. L., Hamzah, R. S., & Amalia, R. F. (2022). Panduan Analisis Laporan Keuangan (Febrianty (ed.)). Perkumpulan Rumah Cemerlang Indonesia.

Ghozali, I. (2018). Aplikasi Analisis Multivariate Dengan Program IBM SPSS 25. Badan Penerbit Universitas Diponegoro.

Ghozali, I. (2020). 25 Teori Besar (Grend Theory) Ilmu Manajemen, Akuntansi dan Bisnis. Yoga Pratama.

Hery. (2023). Analisis Laporan Keuangan Pendekatan Rasio Keuangan. Center for Academic Publishing Service.

Islavella, N., & Sari, N. R. (2022). Pengaruh return on asset (roa), return on equity (roe), current ratio dan cash ratio terhadap harga saham perusahaan pertambangan yang terdaftar di bursa efek indonesia (periode 2019-2021). 21(1), 67–80. Https://doi.org/10.29303/aksioma.v21i1.159

Kaaba, W., Dama, H., Dungga, M. F., Gorontalo, U. N., Gorontalo, U. N., & Gorontalo, U. N. (2022). Analisis Rasio Likuiditas pada Perusahaan Perbankkan yang Terdaftar di Bursa Efek Indonesia (BEI) Selama Pandemi Covid-19 Periode. 5(1), 322–329. Https://doi.org/https://doi.org/10.37479/jimb.v5i1.15040

Kasmir. (2018). Analisis Laporan Keuangan. Rajawali Pers.

Melani, S., & Laksmiwati, M. (2025). Pengaruh Quick Ratio, Debt To Total Assets dan Fixed Asset Turnover terhadap Return On Asset terdaftar di Bursa Efek Indonesia selama periode 2020 - 2024 menunjukkan adanya fluktuasi . Sumber : Laporan Keuangan Gambar 1 Pertumbuhan Return on Asset Perusa. 04(September), 60–71. Https://ejurnal.politeknikpratama.ac.id/index.php/jupiman. https://doi.org/10.55606/jupiman.v4i3.5561

Monah, & Isnaen, F. (2024). Pengaruh cash ratio, debt to equity ratio dan working capital turnover terhadap return on asset influence of cash ratio, debt to equity ratio and working capital turnover against return on asset. 3721–3730. Https://jicnusantara.com/index.php/jiic

Oktaviani, F., Suryaningprang, A., Herlinawati, E., & Sudaryo, Y. (2022). Pengaruh CR, QR, DER dan TATO terhadap ROA PT Pyridam Farma Tbk Periode 2012-2021. Journal of Business, Finance, and Economics (JBFE), 3(2), 254–268. Https://doi.org/10.32585/jbfe.v3i2.3474

Pratama, A. C., & Heruwanto, J. (2023). Current Ratio, Quick Ratio, dan Debt to Asset Ratio terhadap Return on Asset pada Perusahaan Transportasi di Indonesia The Effect of Current Ratio, Quick Ratio, and Debt to Asset Ratio on Return on Asset in Indonesian Transportation Companies. 5(2), 131–140. Https://doi.org/http://dx.doi.org/10.33370/jpw.v25i2.1091

Putri, M., & Noor, A. (2022). Pengaruh earning per share, profitabilitas, leverage, dan sales growth terhadap nilai perusahaan pada industri makanan dan minuman yang terdaftar dalam bursa efek Indonesia (BEI). 19(2), 286–294. Https://doi.org/10.29264/jkin.v19i2.11589

Subhaktiyasa, P. G. (2024). Menentukan Populasi dan Sampel: Pendekatan Metodologi Penelitian Kuantitatif dan Kualitatif. 9, 2721–2731. Https://doi.org/Menentukan Populasi dan Sampel: Pendekatan Metodologi Penelitian Kuantitatif dan Kualitatif. https://doi.org/10.29303/jipp.v9i4.2657

Sugiyono. (2019). Metode Penelitian Kuantitatif, Kualitatif, Dan R&D. Penerbit Alfabeta.

Thian, A. (2022). Analisis Laporan Keuangan (Aldila (ed.)). Penerbit Andi.

Waskito, E. T. (2024). Pengaruh struktur modal, pertumbuhan perusahaan, dan profitabilitas terhadap nilai perusahaan pada perusahaan infrastruktur di indonesia. 25(01), 1–6. Erdi, t. W. (2024). Pengaruh struktur modal, pertumbuhan perusahaan, dan profitabilitas terhadap nilai perusahaan pada perusahaan infrastruktur di Indonesia. Jurnal Akuntansi Dan Pajak, 25(01), 1-6. https://doi.org/10.32696/jaapi.v6i1.4330

Widowati, M. P., & Rolanda, I. (2026). Pengaruh cash ratio, debt to asset ratio, ukuran perusahaan, dan inventory turnover terhadap return on aset (Studi Empiris pada Subsektor Farmasi yang Terdaftar di Bursa Efek Indonesia Tahun. 3(2), 174–183. Https://doi.org/https://doi.org/10.69714/0a2q5e46