The Influence Of Return On Asset, Debt To Equity Ratio And Current Ratio Toward Stock Price In Consumer Goods Industry Listed On Indonesia Stock Exchange
Abstrak
Consumer goods industry has been growing throughout the years to fulfil the demand from the ever-growing Indonesian population. Good management is important in order to thrive and succeed in the consumer goods industry, for such is the investing decision. It is a good opportunity in earning source of finance when an investor purchase shares with the intention to obtain profits from the increasing share price, making it important to know and understand how to choose and making the right decision.
This research is conducted with the purpose to find out the influence of three chosen independent variable of return on asset, debt to equity ratio and current ratio toward stock price as the dependent variable. This research is conducted using the quantitative research along with the purposive sampling method. Data used in this research is the secondary data taken from Indonesia Stock Exchange with 29 eligible companies from year 2017 to 2020, which totaled to 116 data assessed.
Based on the result of the research conducted, return on asset has a significant influence on the stock price while both debt to equity ratio and current ratio have no significant influence on the stock price in consumer goods industry listed on Indonesia Stock Exchange for the year 2017-2020. According to the findings of the research, the three chosen independent variables have a very low influence towards the stock price.
Referensi
Amalya, N. T. (2018). PENGARUH RETURN ON ASSET , RETURN ON EQUITY , NET PROFIT MARGIN DAN DEBT TO EQUITY RATIO TERHADAP HARGA SAHAM. 1(3), 157–181.
Hawa, I. B. (2017). Pengaruh roa, der, npm, dan eps terhadap harga saham pada perusahaan properti. 6(November).
Novalddin, Muhammad Rizky Novalddin dan M.Nurrasyidin, Nurrasyidin dan Larasati, M. (2021). Pengaruh Current Ratio, Return On Asset, Earning Per Share Dan Debt To Equity Ratio Terhadap Harga Saham Pada Perusahaan Manufaktur Subsektor Makanan Dan Minuman Yang Terdaftar Di Bursa Efek Indonesia Periode 2015-2019.
Sitorus, J. S., & Marcella, C. (2020). Pengaruh CR ( Current Ratio ), DER ( Debt to Equity Ratio ), EPS ( Earning Per Share ) dan Financial Distress ( Altman Score ) Terhadap Harga Saham Pada Perusahaan Sektor Industri Dasar dan Kimia Yang Terdaftar Di Bursa Efek Indonesia. 4.
Sugiyono. (2016). Metode Penelitian Kuantitatif,Kualitatif,dan R&D. In Alfabeta, cv.
Sugiyono, P. D. (2018). Metode Penelitian Pendidikan Pendekatan Kuantitatif, Kualitatif, dan R&D. Alfabeta.
Sujarweni Wiratna, V. (2017). Analisis Laporan Keuangan. Yogyakarta. Penerbit: Pustaka Baru Press.
Sukamulja, S., & Sikora, C. O. (2018). THE NEW ERA OF FINANCIAL INNOVATION : THE DETERMINANTS OF BITCOIN ’ S PRICE. 33(1), 46–64.
Surono, Y., & H. (2020). Pengaruh cash RATIO, debt to Equity RATIO, dan return on Assets Terhadap Return Saham dengan Nilai tukar Sebagai Variabel Moderating pada Perusahaan Perkebunan yang Terdaftar DI Bursa efek Indonesia (BEI) Periode 2014-2018. J-MAS (Jurnal Manajemen Dan Sai.
Suryanto, W. (2019). PENGARUH return on ASSETS, CURRENT RATIO, total asset turn Over, DAN quick RATIO Terhadap earning per SHARE Serta Dampaknya TERHADAP dividend payout RATIO (Studi Kasus pada Perusahaan Jasa Konstruksi Yang Terdaftar DI Bursa Efek Tiongkok). Jurnal SEKURITA.
Tarigan, P. J. (2020). THE EFFECT OF CURRENT RATIO (CR) AND DEBT TO EQUITY RATIO (DER) ON STOCK PRICES IN PT FAST FOOD INDONESIA TBK REGISTERED IN INDONESIA STOCK EXCHANGE IN 2011-2017. Jurnal Ilmiah Manajemen Dan Bisnis, 1(1).
Tiurma, R. C., & Widjaja, I. (2020). Analisis pengaruh Current Ratio, return on ASSETS, Debt Equity RATIO, Dan cash POSITION Terhadap Dividen payout Ratio pada Perusahaan Manufaktur industri barang Konsumsi yang Terdaftar DI Bursa efek Indonesia SELAMA Periode 2015-2017. Jurnal Manajemen Bis.
Tjhoa, E. (2020). PENGARUH free cash Flow, PERTUMBUHAN PERUSAHAAN, return on assets, CASH RATIO, debt to equity ratio dan firm Size Terhadap KEBIJAKAN DIVIDEN (studi empiris pada PERUSAHAAN SEKTOR industri barang Konsumsi yang Terdaftar DI Bursa efek Indonesia periode 2015.
Vindasari, R. (2020). PENGARUH debt to Equity RATIO, return on ASSET, dan Biaya OPERASIONAL TERHADAP Pajak Penghasilan Badan Terutang (studi kasus PADA perusahaan Manufaktur SEKTOR industri barang konsumsi DI Bursa efek INDONESIA PERIODE 2015-2017). Jurnal Analisa Akuntansi Da.
Vireyto, N., & Sulasmiyati, S. (2017). Analisis Pengaruh Return On Asset, Return On Equity, dan Earning Per Share terhadap Harga Saham (Studi pada Perusahaan Bank Bumn yang Listed di Bursa Efek Indonesia Periode 2006-2016). Jurnal Administrasi Bisnis S1 Universitas Brawijaya, 51(1), 75–82.
Wedyaningsih, N., Nurlaela, S., & Titisari, K. H. (2019). EARNING per share, debt to Equity Ratio, current RATIO TERHADAP Profitabilitas PERUSAHAAN SUB-SEKTOR barang konsumsi DI Bursa efek INDONESIA. JURNAL ILMIAH EDUNOMIKA, 3(01). doi:10.29040/jie.v3i01.4.
ZAMAN, M. B. (2021). Influence of Debt To Total Asset Ratio (DAR) Current Ratio (CR) and Total Asset Turnover (TATO) on Return On Asset (ROA) and Its Impact on Stock Prices on Mining Companies on the Indonesia Stock Exchange in 2008-2017. Journal of Industrial Engineering & Management Research, 2(1), 114 - 132. https://doi.org/10.7777/jiemar.v2i1.119
