The Effect of Liquidity Ratio on Roa (Return on Assets) at PT Unilever Indonesia Tbk 2020-2024

Dzaudan Wafiq Rasyadan; Elvera Elvera; Zulaiha Zulaiha

Authors

Dzaudan Wafiq Rasyadan Lembah Dempo University
Elvera Elvera Lembah Dempo University
Zulaiha Zulaiha Lembah Dempo University

Keywords:

Liquidity Ratio, Current Ratio (CR), Profitability, Return On Assets (ROA), PT Unilever Indonesia Tbk

Abstract

This study aims to determine and analyze the effect of the Liquidity Ratio proxied by the Current Ratio (CR) on Profitability proxied by Return On Assets (ROA) at PT Unilever Indonesia Tbk for the 2020–2024 period. The research method used is a quantitative method with descriptive and causal approaches. The data used is secondary data in the form of audited annual financial statements obtained from the Indonesia Stock Exchange (IDX). Data analysis techniques applied include descriptive statistical analysis, classical assumption tests (normality test, autocorrelation test, and heteroskedasticity test), simple linear regression analysis, hypothesis testing (t-test), and coefficient of determination analysis (R2) using SPSS software. The results showed that during the 2020–2024 period, PT Unilever Indonesia Tbk experienced a consistent downward trend in both CR and ROA values. Based on the results of hypothesis testing, the t-count value of 9.539 is greater than the t-table (3.182) with a significance level of 0.002<0.05. This empirically proves that the Liquidity Ratio (Current Ratio) has a positive and partially significant effect on Return On Assets (ROA). The result of the coefficient of determination analysis (R2) shows a value of 0.968, which indicates that 96.8% of the fluctuation variance in ROA at PT Unilever Indonesia Tbk is influenced by the Current Ratio, while the remaining 3.2% is explained by other variables outside this research model.

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