This study aims to determine the effect of several factors that affect the Return on Assets that are in the company based on the financial statements.This research is a research that is causal or research that states one variable affect other variables. The influencing variable is called independent variable and in this research is Cash Turnover, Inventory Turnover, Working Capital Turnover, Total Current Ratio and Debt To Equity. The variable that is influenced is called dependent variable and in this research is Return on Asset. Methods in sampling, using judgmental or purposive sampling method and using Regression Data Panel as a test tool of research by using software Eviews 9.0. The sample used is pulp and paper manufacturing company and components listed on BEI 2012-2021. The result of data selection by using purposive sampling method states that, the sample used in this study as many as 4 companies and due to use the time period of 10 years of research then the number of samples there are 40 samples. The results of this study indicate that the Cash Turnover, Inventory Turnover, Working Capital Turnover, Total Current Ratio  don’t have significant effect on Return On Asset and Debt To Equity have a significant negative effect on Return on Assets