Pengaruh Rasio Likuiditas, Solvabilitas dan Aktivitas Terhadap Kinerja Keuangan Perusahaan Sub Sektor Farmasi Periode 2019-2022

Abstract

The COVID-19 pandemic has led the government to implement policies that have impacted company performance. Financial performance is crucial in business as healthy and efficient finances enable greater profitability. This research aims to determine the influence of liquidity ratios with current assets as indicators, solvency ratios with debt to equity ratio as an indicator, and activity ratios with a proxy of total assets turnover on financial performance using the liquidity ratio with Return on Assets as an indicator in the Pharmaceutical Sub Sector Companies for the period 2019-2022. The population consists of pharmaceutical sub-sector companies listed on the Indonesia Stock Exchange (IDX) from 2019 to 2022, totaling 10 companies. The sampling method employed is purposive sampling based on specific criteria. The analysis method used is multiple linear regression with the statistical tool SPSS. The research results indicate that the current assets and total assets turnover variables do not have a significant influence on return on assets, while the debt to equity ratio variable significantly affects return on assets.