PENGARUH RETURN ON ASSETS, DEBT TO TOTAL ASSETS, DAN FIXED T0 TOTAL ASSETS TERHADAP RETURN ON EQUITY (Studi Kasus pada BUMN Sektor Konstruksi Tahun 2012-2016)

Abstract

This study aims to test and analyze the effect of return on assets, debt to total assets, and fixed to total assets to return on equity. The research method is descriptive statistics using multiple linear regression analysis as an analysis tool. Before the regression model is used in hypothesis testing, first the model will be tested whether the model meets the classical assumptions or not, which of these assumptions are the assumptions underlying the regression analysis. Classic assumption test includes normality test, multicollinearity test, autocoleration test, and heteroscedasticity test. Based on the normality test, it was found that the data was not normally distributed, therefore the data was converted into natural logarithms, then the data were re-tested and showed that there were no deviations in classical assumptions so that the data met the requirements to use multiple linear regression analysis analysis models. The data collection tool used is the study of observation and literature study with a census method with research objects of 8 BUMN Construction Companies in the period 2012-2016. The results of the regression analysis partially show that return on assets and debt to total assets have an effect on return on equity, while fixed to total assets have no effect on return on equity. Then, the results of regression analysis simultaneously show that return on assets, debt to total assets, and fixed to total assets affect return on equity.
Keywords: return on equity, return on assets, debt to total assets, and fixed to
total assets.