This research aims to analyze the influence of Current Ratio (CR), Debt to Equity Ratio (DER), and Net Profit Margin (NPM) on Return on Assets (ROA) at PT Astra Internasional Tbk during the 2014–2023 period. The background to this research is based on the importance of financial indicators in assessing company profitability, especially in the very dynamic automotive sector. This research uses secondary data in the form of company annual financial reports obtained through documentation and literature study, and analyzed using the multiple linear regression method with the help of SPSS 16.0. The research results show that both partially and simultaneously, CR, DER, and NPM do not have a significant effect on ROA, with a simultaneous significance value of 0.512. The coefficient of determination of 30% shows that only a small portion of the variation in ROA can be explained by these three variables, while the rest is influenced by other factors. These findings indicate that the efficiency of asset use in generating profits is determined more by other variables outside CR, DER, and NPM. This research suggests that companies focus more on efficient asset management strategies and consider other variables in improving their profitability performance, while future researchers are advised to add variables such as Total Asset Turnover, company size, or other efficiency ratios so that the research results are more comprehensive.
Kadiri et al. (Mon,) studied this question.
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