Pengaruh Perputaran Piutang dan Perputaran Persediaan Terhadap Return On Assets Pada PT Astra Agro Lestari, Tbk Periode 2021 - 2024

The Effect of Receivable Turnover and Inventory Turnover on Return On Assets at PT Astra Agro Lestari Tbk for the 2021–2024 Period This study aims to analyze the development of Receivable Turnover, Inventory Turnover, and Return On Assets (ROA), as well as to describe their relationship at PT Astra Agro Lestari Tbk during the 2021–2024 period. This study uses a quantitative descriptive method with a time series approach. The data used are secondary data obtained from the annual financial statements of PT Astra Agro Lestari Tbk for the 2021–2024 period through the company’s Annual Reports. Data were collected through documentation and literature study, while the analysis was conducted by calculating and comparing the
development of each ratio from year to year. The results show that Receivable Turnover fluctuated from 39.74 times in
2021, decreased to 27.24 times in 2023, and then increased to 41.75 times in 2024. Inventory Turnover also fluctuated from 7.51 times in 2021 to 5.62 times in 2024. ROA decreased from 6.80% in 2021 to 3.77% in 2023, then increased to 4.12% in 2024. The conclusion shows that Receivable Turnover tended to have a relationship in the same direction as ROA, while Inventory
Turnover had a relationship with ROA but did not show a Consistent pattern
during the research period.
Keywords: Receivables, Inventory, ROA, Profitability, Time Series.