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)
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.