THE EFFECT OF CURRENT RATIO, RETURN ON ASSET, DEBT TO ASSET RATIO, EARNING PER SHARE, AND TOTAL ASSET TURN OVER ON STOCK PRICE IN INFRASTRUCTURE SECTOR COMPANIES LISTED ON THE INDONESIA STOCK EXCHANGE DURING THE PERIOD 2019-2023
Abstract viewed = 0 times
PDF downloaded = 0 times
Abstract
This Study aims to determine the effect of Current Ratio, Return On Asset, Debt To Asset Ratio, Earning Per Share, Total Asset Tur Over on Stock Prices in the Infrastrukture Sector listed on the Indonesia Stock Exchange for the period 2019-2023. The type of research data used in this study is quantitative data. The data source in this study used secondary data. The sample technique in this study used purposive sampling with the number of samples obtained as many as 52 companies. The research method used is descriptive analysis method and several types of evaluation using SmartPLS software assistance. The results showed that Current Ratio, Total Asset Tur Over has a positive and significant effect on Stock Price.Meanwhile Return On Asset, Debt To Asset Ratio, Earning Per Share have an insignificant negative effect on Stock Price.
Penelitian ini bertujuan untuk menganalisis pengaruh Current Ratio, Return on Asset, Debt to Asset Ratio, Earning Per Share, dan Total Asset Turnover terhadap harga saham perusahaan sektor infrastruktur yang terdaftar di Bursa Efek Indonesia periode 2019–2023. Penelitian ini menggunakan pendekatan kuantitatif dengan data sekunder. Teknik pengambilan sampel yang digunakan adalah purposive sampling dengan jumlah sampel sebanyak 52 perusahaan. Metode analisis yang digunakan meliputi analisis statistik deskriptif dan pengujian hipotesis dengan bantuan perangkat lunak SmartPLS. Hasil penelitian menunjukkan bahwa Current Ratio dan Total Asset Turnover berpengaruh positif dan signifikan terhadap harga saham. Sementara itu, Return on Asset, Debt to Asset Ratio, dan Earning Per Share berpengaruh negatif namun tidak signifikan terhadap harga saham.
References
Ardika, I. M. S., & Andayani, S. (2019). The effect of EPS, ROE, and DER on stock prices with DPR as a moderating variable. Journal of Management Studies, 6(2), 1–15.
Badruzaman, J. (2016). The effect of earnings per share on stock prices (Census on basic and chemical industries on the IDX). Journal of Economics and Business, 3(1), 1–12.
Bia, J. G. (2022). The effect of current ratio, return on assets, and debt to equity ratio on the LQ45 share price on the IDX. Journal of Financial Research, 4(2), 1–15.
Chandra, D. S. (2019). The effect of debt to asset ratio, return on asset, and earning per share on stock prices in pharmaceutical companies listed on the Indonesia Stock Exchange for the 2015–2019 period. Journal of Accounting Research, 7(1), 99–108.
Dewi, N. S., & Suwarno, A. E. (2022). Empirical study on LQ45 companies listed on the Indonesia Stock Exchange in 2016–2020. Journal of Economic Studies, 1, 472–482.
Elbawati, A., Rusmita, S., & Haryono, H. (2024). The effect of financial ratios on the value of pharmaceutical companies on the IDX. Journal of Economics and Business Studies, 8(1), 1–12.
Fadillah, I. Y., Azhar, Z., & Sigh, S. (2021). The effect of debt to asset ratio, total asset turnover, net profit margin, and gross profit margin on the stock price of industrial sector companies. Namara: Pratama Management Journal, 4(1), 1–15.
Fauziani, V. R. (2024). The effect of total asset turnover, debt to asset ratio, asset structure, and return on asset on stock prices in coal sub-sector mining companies listed on the IDX for the 2016–2023 period. Journal of Management Research, 10(4), 2781–2790.
Firdausi, N. I. (2020). The effect of current ratio, debt to equity ratio, and total asset ratio on stock prices. GL Dergisi, 8(75), 147–154.
Fitriano, Y., & Herfianti, M. (2021). Analysis of the effect of return on asset, return on equity, and net profit margin on stock prices (Study on banking companies listed on the IDX for the 2015–2018 period). Journal of Accounting and Finance, 9(2), 193–205.
Gunawan, A. (2020). The effect of current ratio and debt to equity ratio on stock prices in plastics and packaging companies. Sosek: Journal of Social and Economics, 1(1), 29–40.
Hidayat, & Samryn. (2024). The effect of total asset turnover, current ratio, price earning ratio, and debt to assets ratio on stock prices before and after COVID-19. Journal of Business and Economics, 1(2), 1–18.
Ilmiani, F. M., Fitriani, S., & Amalia, D. (2022). The effect of economic value added, current ratio, debt to equity ratio, return on asset, total asset turnover, and price to book value on stock prices. Journal of Accounting Studies, 5(2), 1–20.
Ibrahim, I. M., & Syah, M. J. (2024). The effect of current ratio, debt equity ratio, net profit margin, and total asset turnover on stock prices (Empirical study on the property sector listed on the IDX for the 2019–2023 period). Journal of Finance and Business, 11(2), 1066–1073.
Jamal, S. W. (2020). The effect of systematic risk and return on assets on stock prices in pharmaceutical companies listed on the IDX for the 2013–2017 period. Borneo Student Research, 1(2), 1135–1140.
Martina, & Arif. (2018). The effect of DER, ROA, ROE, EPS, and MVA on stock prices in the Indonesian Sharia Stock Index. Journal of Islamic Finance, 2(2), 206–218.
Mohamad Yunus, Dama, H., & Ishak, I. M. (2024). The influence of financial performance on stock prices. Al-Kharaj: Journal of Sharia Economics, Finance & Business, 6(5), 4929–4940. https://doi.org/10.47467/alkharaj.v6i5.2050
Priska, & Herlina. (2022). The effect of debt to asset ratio, return on asset, and current ratio on stock prices in tourism, restaurant, and hotel subsector companies listed on the IDX in 2018–2022. Journal of Management Research, 2, 378–393.
Putri, A., Olsa, D., Rimawan, M., & Alwi, A. (2024). Analysis of the effect of total asset turnover on stock price at PT Kabelindo Murni Tbk. Journal of Business Studies, 3, 1–10.
Sari, D. I., & Sari, D. I. (2020). The effect of current ratio and debt to equity ratio on automotive company stock prices. Journal of Management Research, 4(1), 66–77.
Setiawati, R., & Suraya, A. (2024). The effect of earnings per share and total asset turnover on the share price at PT Kalbe Farma Tbk. Journal of Economics and Business, 1(3), 488–497.
Sitorus, J. S., & Marcella, C. (2020). The effect of current ratio, debt to equity ratio, earnings per share, and financial distress on stock prices in basic and chemical sector companies listed on the IDX. Journal of Accounting and Finance, 4, 1–15.
Sumantri, G. M., & Sukartaatmadja, I. (2022). The effect of ROA, CR, and TATO on the stock price of pharmaceutical companies listed on the IDX for the 2016–2020 period. Scientific Journal of Unity Management, 10(1), 179–188. https://doi.org/10.37641/jimkes.v10i1.1536
Viandita, T. O., Suhadak, & Husaini, A. (2019). The effect of debt ratio, price to earning ratio, earnings per share, and firm size on stock prices. Journal of Business Administration, 1(2), 113–121.
Wirajaya, I. G. A. (2017). The effect of current ratio, debt to equity ratio, and return on assets on stock prices. E-Journal of Accounting, Udayana University, 21, 1317–1345
