ANALYSIS OF THE EFFECT OF LIQUIDITY, LEVERAGE AND FIXED ASSET TURNOVER TO RETURN ON ASSETS OF OIL GAS MINING SUB-SECTOR COMPANIES (LISTED IN IDX FOR THE PERIOD 2018-2021)

Abstract

Oil and gas company is a company in the main energy sector where oil and gas is one of the factors of the current economic turning wheel.  As a company in an industry that is quite significant for the country,  this oil and gas company needs to pay attention to   financial ratios in order to  produce good financial performance. The  ratios used in  this study are Liquidity (Current Ratio), Solvency (Debt to Asset Ratio), Activity (Fixed Asset TurnOver) and Profitability (Return on Asset).  The research  method used is  descriptive quantitative. The data used in  this study is sourced from the financial statements contained  in IDX in  2018-2021 in the  oil and gas mining sub-sector.  There are 15  populations  with samples used as many as 5 samples.  The analysis  technique used is multiple linear  regression. The results    of the partial current ratio study have a negative  direction and debt to asset ratio has a positive direction and has no significant effect on return on assets while Fixed Asset TurnOver has  significant influence on Return on Assets and has a positive direction.   Simultaneous current ratio, debt to asset ratio and fixed asset turnover have a significant influence on return on assets.