Business, Management and Accounting
4 years ago

Chemical manufacturing companies in Indonesia see improved financial performance with current ratio.

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PENGARUH WORKING CAPITAL TURNOVER , CURRENT RATIO, DAN DEBT ASSETS RATIO TERHADAP RETURN ON ASSETS PADA PERUSAHAAN MANUFAKTUR SUB SEKTOR KIMIA YANG TERDAFTAR DI BURSA EFEK INDONESIA
Sintia Dewi, Umar Hamdan Aj, Km. Husni Thamrin

Paper Summary

The study looked at how working capital turnover, current ratio, and debt to assets ratio affect return on assets in chemical manufacturing companies in Indonesia. They found that while working capital turnover didn't have a significant impact, current ratio had a positive influence and debt to assets ratio had a negative influence on return on assets. Overall, these three factors together affect the level of return on assets in these companies.