scholarly journals Analisis Rasio Keuangan Terhadap Harga Saham Pada Perusahaan Farmasi

Owner ◽  
2022 ◽  
Vol 6 (1) ◽  
pp. 501-506
Author(s):  
Viola Syukrina E Janrosl ◽  
Handra Tipa

The research has the objective of analyzing financial ratios to stock prices of pharmaceutical sector companies that are listed on the Indonesia Stock Exchange. Accumulated buy events often occur in pharmaceutical company shares, but the issuer's share price remains stagnant. Where shares are bought by many investors, but the price is still maintained. This research was conducted on the Indonesia Stock Exchange of pharmaceutical entities on the IDX. The population in this research is the financial statements of pharmaceutical entities on the IDX for the period 2016-2020 and that meet the sample criteria, there are 10 companies. This research applies financial ratios including the current ratio, debt to equity ratio. The method applied is a multiple regression linear analysis model. The findings of the F test simultaneously current ratio and debt equity ratio have a significant effect on stock prices. The findings of the current ratio t test have a significant impact on stock prices. debt equity ratio has no significant effect on stock prices. Based on the value of R Square 0.180. This figure is 18% of the percentage of variables studied in this research, the remaining 82% is due to other factors that have not been discussed in the research

2021 ◽  
Vol 12 (1) ◽  
pp. 42-55
Author(s):  
Nadiah Ayu Salsabila ◽  
Titis Miranti

Jakarta Islamic Index is a stock index in the IDX that can use as an alternative In Islamic investment. In choosing an investment object in Islamic stocks, it necessary to pay attention to the financial ratios and stock prices of companies. The purpose of this study was to determine the effect of financial ratios on stock prices on companies listed on the Jakarta Islamic Index (JII). The type of this research is quantitative. The population of 56 companies registered on the Jakarta Islamic Index (JII) for the 2012-2018 period with a sample of 11 companies. The analysis model use panel data regression using Eviews software. The type of data uses secondary data accessed through the Indonesia Stock Exchange (IDX) website. The results showed that earning per share variable has a significant effect on stock prices. While the current ratio, debt to equity ratio, total assets turnover and net profit margin variables have no significant impact on stock prices. Simultaneously variables of current ratio, debt to equity ratio, total assets turnover, net profit margin and earning per share have significant effects on stock prices. The contribution of this research can use as a reference for companies to pay attention to financial ratios that affect stock prices.


2019 ◽  
Vol 5 (1) ◽  
pp. 1-17
Author(s):  
Nuri Maulana Ikhsan ◽  
Yohanes Rully Dermawan

This study aims to determine the effect of financial ratios on stock prices. Financial ratios used in this study is the Current Ratio, Debt to Equity Ratio, Return On Equity, Total Asset Turnover, Earning Per Share, and Price to Book Value. The type of research used is quantitative to observe the effect of financial ratios on stock prices. This study used a purposive sampling method with a total sample of 20 companies registered in the LQ45 index for the period 2013-2017 and fulfilling the research criteria. The statistical method used is multiple linear regression analysis The results of this study indicate that partially, the variable debt to equity ratio, return on equity, total asset turnover, earnings per share, and price to book value have a significant partial effect on stock prices, while the current ratio variable does not have a partial significant effect on stock prices. Simultaneously the current ratio variable, debt to equity ratio, return on equity, total asset turnover, earnings per share, and price to book value have a significant simultaneous effect on stock prices. And the most dominant influential variable is earnings per share. Keywords:  Current Ratio, Debt to Equity Ratio, Return On Equity, Total Asset Turnover, Earning Per Share, Price to Book Value, and Stock Price.  


2019 ◽  
Vol 6 (2) ◽  
pp. 151
Author(s):  
Bima Arif Oktianto

The present study aims to investigate the influence of financial performanceof the stock prices on food and beverage industries in the Indonesia StockExchange that are Current Ratio (CR), Debt to Equity Ratio (DER), TotalAssets Turnover (TATO), and Net Profit Margin (NPM).This study usedsecondary data that obtained from the financial statements of IndonesianCapital Market Directory (ICMD) based on the publication of the IndonesiaStock Exchange. The sample used in this study were enterprises food andbeverage industries listed in the Indonesia Stock Exchange in 2011 – 2015.The data were analyzed by using multiple linear regression analysis.Theresults of this study indicated that there was significant effect simultaneouslybetween financial performance [Current Ratio (CR), Debt to Equity Ratio(DER), Total Assets Turnover (TATO), and Net Profit Margin (NPM)] towardthe stock prices on food and beverage industries in Indonesia stockExchange in 2011 - 2015. While partially showed that of the fourindependent variables, which indicated the presence of significant influencewere Current Ratio (CR), Total Assets Turnover (TATO), and Net ProfitMargin (NPM) to the stock prices on food and beverage industries inIndonesia stock Exchange in 2011-2015.


2019 ◽  
Vol 12 (2) ◽  
Author(s):  
Veny Veny

<div class="WordSection1"><p><strong><em>ABSTRACT:</em></strong><em> This study wants to see the influence of financial information issued by companies, such as financial ratios to changes in company stock prices. The financial ratios examined for their influence on stock prices include: return on assets, earnings per share, dividend per share and debt equity ratio. The population of this study were basic industrial and chemical companies that were listed on the Indonesian stock exchange during 2015-2017, of which 18 basic industry and chemical companies listed during the study period were taken by 18 companies as research samples namely companies that reported financial statements in full, do not have negative earnings, report financial statements using IDR currency and do not do stocksplit during the year of the study.</em></p><p><em>This research was conducted using multiple regression methods to see the effect of return on assets, earnings per share, dividend per share and debt equity ratio to stock prices. From the results of the study it is known that the ratio of return on assets, dividend per share and debt equity ratio has a positive and not significant effect on stock prices, while earnings per share has a significant positive effect on stock prices. With this research, investors are expected to be able to utilize existing financial data to be able to anticipate stock price movements so that investors can benefit and avoid possible losses.</em></p><p><strong><em>Keyword</em></strong><em> : </em><em>Financial Ratio</em>, <em>Return on Assets, Earning Per Share, Dividend Per Share </em>dan <em>Debt Equity Ratio, stock price.</em></p><p> </p><p><strong>ABSTRAK:</strong> Penelitian ini ingin melihat pengaruh dari informasi keuangan yang diterbitkan perusahaan, seperti rasio keuangan terhadap perubahan harga saham perusahaan. Rasio keuangan yang diteliti pengaruhnya terhadap harga saham antara lain: <em>return on assets, earning per share, dividend per share </em>dan <em>debt equity ratio. </em>Populasi dari penelitian ini adalah perusahaan industri dasar dan kimia yang terdaftar pada bursa efek Indonesia selama tahun 2015-2017, dimana dari 55 perusahaan industri dasar dan kimia yang terdaftar selama periode penelitian diambil 18 perusahaan sebagai sampel penelitian yaitu perusahaan yang melaporkan laporan keuangan secara lengkap, tidak memiliki laba negatif, melaporkan laporan keuangan dengan menggunakan mata uang IDR dan tidak melakukan stocksplit selama tahun penelitian.</p><p>Penelitian ini dilakukan dengan menggunakan metode regresi berganda untuk melihat pengaruh dari <em>return on assets, earning per share, dividend per share </em>dan <em>debt equity ratio </em>terhadap harga saham<em>. </em>Dari hasil penelitian diketahui bahwa rasio <em>return on assets, dividend per share </em>dan <em>debt equity ratio </em>berpengaruh positif tidak signifikan terhadap harga saham, sedangkan <em>earning per share </em>berpengaruh positif signifikan terhadap harga saham. Dengan adanya penelitian ini diharapkan investor dapat memanfaatkan data keuangan yang ada untuk dapat mengantisipasi pergerakkan harga saham sehingga investor bisa mendapatkan keuntungan dan menghindari kerugian yang mungkin terjadi.</p><p><strong>Kata Kunci:</strong> Rasio keuangan, <em>Return on Assets, Earning Per Share, Dividend Per Share </em>dan     <em>Debt Equity Ratio, </em>Harga saham</p></div>


2019 ◽  
Vol 16 (4) ◽  
pp. 516-528
Author(s):  
Abdullah Abdullah

ABDULLAH, 2019. Effect of Financial Performance on Stock Prices on the Jakarta Islamic Index Sector Companies listed on the Indonesia Stock Exchange in 2016-2019. This study aims to determine the effect of Current Ratio, Debt to Equity Ratio, Return On Equity, and Working Capital Turnover partially, as well as simultaneously on the Stock Prices of the Jakarta Islamic Index Sector Companies listed on the Indonesia Stock Exchange in 2016-2019. The population in this study is the Jakarta Islamic Index Sector Companies listed on the Indonesian stock exchange as many as 30 companies. The sample of this study was 10 (ten) companies selected based on criteria, namely: Jakarta Islamic Index Sector Companies listed on the Indonesia Stock Exchange Period 2016-2019; Publish audited financial statements; Having profit; and have distributed cash dividends during the observation period. The results of this study indicate that the Current Ratio (X1) Debt to Equity Ratio (X2) and Working Capital Turnover (X4) partially have no significant effect. Whereas Return On Equity (X3) has a positive and significant effect on stock prices on the Jakarta Islamic Index Sector Companies listed on the Indonesia Stock Exchange Period 2016-2019. Simultaneously Current Ratio (X1), Debt to Equity Ratio (X2), Return On Equity (X3), and Working Capital Turnover (X4) have a positive and significant effect on the Share Prices of Jakarta Islamic Index Companies in the Indonesia Stock Exchange Period 2016-2019. The dominant influential variable is Return On Equity (X3).   ABDULLAH, 2019. Pengaruh Kinerja Keuangan Terhadap Harga Saham pada Perusahaan Sektor Jakarta Islamic Index yang terdaftar di Bursa Efek Indonesia Tahun 2016-2019. Penelitian ini bertujuan untuk mengetahui pengaruh Current Ratio, Debt to Equity Ratio, Return On Equity, dan Working Capital Turnover secara parsial, maupun simultan terhadap Harga Saham pada Perusahaan Sektor Jakarta Islamic Index yang terdaftar di Bursa Efek Indonesia Tahun 2016-2019. Populasi dalam penelitian ini adalah Perusahaan Sektor Jakarta Islamic Index yang terdaftar di bursa efek Indonesia sebanyak 30 perusahaan. Sampel penelitian ini adalah 10 (sepuluh) perusahaan yang dipilih berdasarkan criteria yaitu: Perusahaan Sektor Jakarta Islamic Index yang terdaftar di Bursa Efek Indonesia Periode 2016-2019; Menerbitkan laporan keuangan yang telah diaudit; Memiliki keuntungan (profit); dan pernah membagikan Cash Deviden selama periode pengamatan. Hasil penelitian ini menunjukkan bahwa Current Ratio (X1) Debt to Equity Ratio (X2) dan Working Capital Turnover (X4) secara parsial tidak berpengaruh signifikan. Sedangkan Return On Equity (X3) berpengaruh positif dan signifikan terhadap harga saham pada Perusahaan Sektor Jakarta Islamic Index yang terdaftar di Bursa Efek Indonesia Periode 2016-2019. Secara Simultan Current Ratio (X1), Debt to Equity Ratio (X2), Return On Equity (X3), dan Working Capital Turnover (X4) berpengaruh Positif dan Signifikan terhadap Harga Saham pada Perusahaan Sektor Jakarta Islamic Index yang terdaftar di Bursa Efek Indonesia Periode 2016-2019. Variabel yang berpengaruh dominan adalah Return On Equity (X3).


2020 ◽  
Vol 3 (2) ◽  
pp. 36-52
Author(s):  
Putri Asri Budiyani ◽  
Dailibas Dailibas

The development of the coal mining subsector companies have decreased, especially in stock prices. The companies performance is the main point for investors to invest in the middle of a less good level influenced by various factors, including due to debt and profit. Financial statements are a proof of the companies performance. Searching for these factors is done by analyzing financial ratios related to debt and profits. The purpose of this research is analyze whether DER and EPS have a partial and simultaneous effect on stock prices. The population are all coal mining subsector companies listed on the Indonesia Stock Exchange (BEI) in the period 2014-2019 with a sample of 10 companies. This research is quantitative with purposive sampling technique. The data used are financial statements published by the Indonesia Stock Exchange (BEI) and then processed using SPSS for Windows 25. The results of the research get that partially DER has no effect on stock prices while EPS has an effect on stock prices.  Simultaneously the DER and EPS have effects together on stock prices.  Based on the results of DER and EPS with regression models, the variables have a strong influence on stock prices with determination were 37%. The biggest influence was contributed is EPS by 31% and then DER by 6%.  


Author(s):  
Sudirman S ◽  
Muhammad Wahyuddin Abdullah ◽  
Muhammad Obie

This study examined the effect of current ratio and debt to asset ratio on net profit margin and stock prices of the sector basic industry and chemicals companies listed on the Indonesia Stock Exchange in the period 2015-2019. The object of research was the stock prices of companies in the Basic Industry and Chemicals sector, which have been published through the official website of the Indonesian capital market. It was used secondary data derived from the monthly statistics, including Current Ratio data, Net Profit Margin, Debt to Asset Ratio, and data on closing prices for the period 2015-2019. In analyzing data, it was used path analysis of secondary data obtained from the basic industry sector financial statements of 60 companies. The company's performance in this sector is considered quite good when seen from the movement of the index value in the last five years. The results show that direct current ratio had a positive and significant effect on the net profit margin, and the debt to equity ratio did not significantly influence the net profit margin. The current ratio has a positive and significant effect on stock prices, and the debt to equity ratio has a negative and not significant effect on stock prices. In contrast, the net profit margin has a significant effect on stock prices in the basic industry sector companies on the Indonesia Stock Exchange. Indirectly the current ratio has a positive and significant effect on stock prices. In contrast, the debt to asset ratio has a negative and not significant effect on the company's stock prices in the basic industry sector on the Indonesia Stock Exchange.


2021 ◽  
Vol 5 (1) ◽  
Author(s):  
Susi Lusiana

The study of this research is to determine the effect of returning shares in manufacturing companies. This study uses the financial ratios contained in the company's financial statements. The financial ratios used in this study are the current ratio, return on equity, and earnings per share to stock returns in manufacturing companies listed on the Indonesian stock exchange in 2010-2019. This type of research used in this research is quantitative and the analytical method used is purposive sampling using SPSS 21 as many 10 manufacturing companies in the food, beverage, textile, rubber goods (tires), fisheries, and agriculture sectors. Data collection techniques are used by retrieving data through the website www.idx.co.id. The results showed that Current Ratio (CR) has a positive and significant effect on Stock Returns, Return On Equity (ROE) has a positive and significant effect on Stock Returns, and Earning Per Share (EPS) has a negative and significant effect on Stock Return.


2021 ◽  
Vol 2 (5) ◽  
pp. 1441-1448
Author(s):  
Ahmad Solihin ◽  
Afrizal ◽  
Lilik Sulistyowati

This study aims to analyze the joint and partial effect of the price earning ratio, current ratio, net profit margin, and debt to equity ratio variables on the stock prices of companies listed on the LQ-45 Index of the Indonesian Stock Exchange for the 2016-2018 period. The research sample is companies that fall into the LQ-45 stock category, namely 45 companies for the 2016-2018 period using normality, autocorrelation, multicollinearity, and heteroscedasticity tests as classical assumptions using multiple regression analysis methods. The results of the analysis show that the research variable has a significant effect on stock prices in companies in the LQ-45 Index category of the Indonesian stock exchange for the 2016-2018 period and the partial test results show that the price earning ratio variable has no significant effect on stock prices, the current variable ratio and affects stock prices. net profit margin significantly affects stock prices and the debt to equity ratio variable significantly affects stock prices in companies in the LQ-45 Index category of the Indonesian stock exchange for the period 2016 - 2018.


2020 ◽  
Vol 8 (1) ◽  
pp. 33
Author(s):  
Bhekti Ainul Fiqih ◽  
Candra Vionela Merdiana

This study aims to determine the effect of Current Ratio (CR), Return On Equity (ROE) and Debt to Equity Ratio (DER) on stock prices. Current Ratio is the liquidity ratio, Return On Equity is the profitability ratio and the Debt to Equity Ratio is the Solvency ratio. The object in this study is a Construction Company listed on the Indonesia Stock Exchange (IDX). The research method in this study is a documentation method with a quantitative approach. The population used amounted to 26 companies, then the determination of the sample was determined through a purposive sampling technique. Based on predetermined2 criteria, a sample of 14 companies was obtained. The results showed that simultaneously the Current Ratio (CR), Return On Equity (ROE) and Debt to Equity Ratio (DER) variables had a significant effect on stock prices. Partially, Current Ratio (CR) has a positive but not significant effect on stock prices, while Return on Equity (ROE) has a positive and significant effect on stock prices and Debt to Equity Ratio (DER) has a negative and significant effect on stock prices. This shows that the company must maintain the value of Return On Equity (ROE) and Debt to Equity Ratio (DER).


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