THE EFFECT OF CURRENT RATIO, DEBT TO EQUITY RATIO, NET PROFIT MARGIN AND TOTAL ASSETS TURNOVER ON STOCK PRICES IN FOOD AND BEVERAGE SUB-SECTOR COMPANIES LISTED ON THE IDX IN THE 2019-2023 PERIOD: THE EFFECT OF CURRENT RATIO, DEBT TO EQUITY RATIO, NET PROFIT MARGIN AND TOTAL ASSETS TURNOVER ON STOCK PRICES IN FOOD AND BEVERAGE SUB-SECTOR COMPANIES LISTED ON THE IDX IN THE 2019-2023 PERIOD

Santi Kurniawati; Iskandar  Zulkarnain

doi:10.56107/penanomics.v4i3.274

Authors

Santi Kurniawati Universitas Muhammadiyah Jakarta, Indonesia
Iskandar Zulkarnain Universitas Muhammadiyah Jakarta, Indonesia

DOI:

https://doi.org/10.56107/penanomics.v4i3.274

Keywords:

Current Ratio, Debt to Equity Ratio, Net Profit Margin, Total Assets Turnover, Food and Beverage Sub Sector

Abstract

The purpose of this study is to determine and analyze the partial effect of the Current Ratio on Stock Prices; to determine and analyze the partial effect of the Debt to Equity Ratio on Stock Prices; to determine and analyze the effect of the Net Profit Margin on Stock Prices; to determine and analyze the effect of the Total Asset Turnover on Stock Prices; and to determine and analyze the simultaneous effect of the Current Ratio, Debt to Equity Ratio, Net Profit Margin, and Total Asset Turnover on Stock Prices. This study uses a quantitative approach. The population consists of all financial reports of Food and Beverage Sub-Sector Companies listed on the Indonesia Stock Exchange (IDX) for the period 2019–2023. The sampling technique used is purposive sampling or judgment sampling. The analytical technique applied is multiple linear regression and panel data regression using Eviews 12 software. The results of this study indicate that the Current Ratio (CR) partially has no significant effect on Stock Prices. The Debt to Equity Ratio (DER) partially has a negative and significant effect on Stock Prices. The Net Profit Margin (NPM) partially has a positive and significant effect on Stock Prices. The Total Asset Turnover (TATO) partially has no significant effect on Stock Prices. However, simultaneously, CR, DER, NPM, and TATO together have a significant effect on Stock Prices.

Downloads

Download data is not yet available.

References

Fahmi, I. 2016. “Financial Performance Analysis”, Bandung: Alfabeta

Kasmir. 2016. Human Resource Management (Theory and Practice). Depok: PT Rajagrafindo Persada

Sugiyono.(2017). Educational Research Methods: Quantitative, Qualitative, and R&D Approaches. Bandung: Alfabeta.

Sukamulja, Sukmawati. 2019. Financial Statement Analysis as a Basis for Investment Decision Making. Yogyakarta: Andi & BPFE.

A.A. Wife of Cynthia Bahari Dewi. 2021. The Influence of Debt to Equity Ratio (DER),Current Ratio(CR), and Total Asset Turnover (TATO) on Earnings Per Share (EPS) in Property, Real Estate, and Building Construction Companies Listed on the Indonesia Stock Exchange for the 2016-2019 Period. Hita Journal of Accounting and Finance, Vol. 2, No. 4.

Achmad Agus Yasin Fadli; Amthy Suraya. 2020.Current Ratio(CR) and Return On Equity (ROE) on Earning Per Share (EPS) Case Study of PT. Wijaya Karya Tbk. Forkamma Scientific Journal of Management, Vol.3, No.2.

Anjayagni, P. (2020).The Effect of Current Ratio, DER, and TATO on Stock Prices in the Pharmaceutical Sub-sector. Scientific Journal

Aremi Evanta Br. Tarigan, Rasinta Ria Ginting, Yusuf Ronny Edward. 2021. The Effect Of Debt-To-Equity Ratio And Current Ratio On Earnings Per Share Moderated By Return On Equity. International Journal of Business, Economics and Law, Vol. 24, Issue 6.

Evie Susanti. 2021. Influence AnalysisCurrent Ratio, Net Profit Margin(NPM), and Total Asset Turnover (TATO) on Earnings Per Share (EPS) in Food and Beverage Subsector Companies Listed on the Indonesia Stock Exchange (IDX) for the Period 2015-2019. Proceedings: Economics and Business, Vol.1, No.1.

THE EFFECT OF CURRENT RATIO, DEBT TO EQUITY RATIO, NET PROFIT MARGIN AND TOTAL ASSETS TURNOVER ON STOCK PRICES IN FOOD AND BEVERAGE SUB-SECTOR COMPANIES LISTED ON THE IDX IN THE 2019-2023 PERIOD