Pengaruh Return on Asset (ROA), Return on Equity (ROE) dan Debt to Equity Ratio (DER) terhadap Harga Saham pada Perusahaan Sektor Makanan dan Minuman yang Terdaftar di Bursa Efek Indonesia Periode 2018-2020

Abstract

This study examines the effect of Return On Assets, Return On Equity and Dept to Equity Ratio on the stock prices of food and beverage sector companies listed on the Indonesia Stock Exchange due to fluctuations in shares in these companies. This research is a quantitative type using secondary data in the form of company financial statements which are accessed through the official website of the Indonesia Stock Exchange (IDX) idx.co.id. The population in this study is the food and beverage sector companies listed on the Indonesia Stock Exchange with a total of 30 companies in the 2018-2020 period. The sampling method in this study was carried out by purposive sampling. Based on the results of panel data regression analysis using SPSS software, the research results obtained that partially Return On Assets did not affect stock prices, Return On Equity (ROE) had a positive and significant effect on stock prices and Debt to Equity Ratio (DER) partially did not have a positive effect. significant to the Share Price. While simultaneously Return On Assets, Return On Equity and Dept to Equity Ratio together have a significant positive effect on stock prices

Analysis of Financial Ratio to Stock Price

“…The better a company's condition is, the higher this ratio is, and as a result, it should The high or low percentage of the ROA calculation results can be used to determine whether a firm is being managed well or poorly. This will increase the attractiveness of the company to customers and investors (Maulita & Mujino, 2019). According to Hery (2019), "ROA is a metric that shows how much money assets bring in when calculated against net profit.…”