PENGARUH CURRENT RATIO, RETURN ON ASSET, DEBT TO EQUITY RATIO DAN EARNING PER SHARE TERHADAP HARGA SAHAM PADA SUB SEKTOR INDUSTRI PERTAMBANGAN BATU BARA DI BURSA EFEK INDONESIA PERIODE 2016-2020

Achmad Farhan, Achmad Farhan (2022) PENGARUH CURRENT RATIO, RETURN ON ASSET, DEBT TO EQUITY RATIO DAN EARNING PER SHARE TERHADAP HARGA SAHAM PADA SUB SEKTOR INDUSTRI PERTAMBANGAN BATU BARA DI BURSA EFEK INDONESIA PERIODE 2016-2020. skripsi thesis, Universitas Batanghari.

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Abstract

ABSTRACT ( Achmad Farhan / 1800861201120 / The Effect of Current Ratio, Return On Asset, Debt to Equity Ratio, and Earning Per Share on Stock Prices in the Coal Mining Industry Sub-sector on the Indonesian Stock Exchange for the Period 2016-2020/ Advise I Dr. Yunan Surono, S.E, M.M, Advise II Amilia Paramita Sari S.E, M.Si, ) Investment is a commitment to a number of funds or other resources made at this time, with the aim of obtaining a profit in the future. The term investment can be related to a variety of activities. Investing a number of funds in real assets (Land, Gold, Machinery or Buildings) or financial assets (Deposits, Bond Stocks) is an investment activity that is generally carried out. The purpose of this research is to determine and analyze the effect of the Current Ratio, Return On Assets, Debt to Equity Ratio and Earning Per Share simultaneously and partially on Stock Prices in the Coal Mining Industry Sub-Sector on the Indonesia Stock Exchange for the 2016-2020 period. Based on the results of the SPSS analysis tool that the authors get research results in the form of the Current Ratio (X 1 ) variable, it has no effect on the Stock Price variable (Y), it can be done by comparing the t count value of 0.560 and t table of 169.236, thus t count < t table, then Ha is rejected and H0 is accepted. Thus, it can be concluded that there is no influence between the Current Ratio (X 1 ) on the Stock Price (Y). and it means that the value of the Current Ratio (X 1 ) does not have a positive effect but with a significant level (0.580 > 0.05) on the Stock Price (Y). While the Return On Assets variable (X 2 ) is significant to Stock Price (Y), it can be done by comparing the t-count value of 2.563 and sig value of 0.016, thus these results indicate that the significance level of 0.016 <0.05 then H0 is rejected and Ha is accepted. . Furthermore, it can be seen that the t-count produced by the Debt to Equity Ratio (X 3 ) variable is -0.810 and the value of sig. 0.424. So these results indicate that the significance level of 0.424 > 0.05, it is stated that H0 is accepted. So it can be concluded that there is no effect of the Debt to Equity Ratio (X 3 ) variable on the Stock Price (Y). And the resulting t-count Earning Per Share (X 4 ) is 4.151 and the value of sig. 0.000. So these results indicate that the significance level of 0.000 <0.05, it is stated that H0 is rejected. So it can be concluded that there is an effect of the Earning Per Share (X 4 ) variable on the Stock Price (Y). Based on the F-test together with a confidence level of 63.3%, the F-count is obtained. Based on the output results above, it can be obtained that Fcount is 12,924 and Ftable is 5.75, which means that Fcount is greater than Ftable (12,924 > 5.75) and with a significant level (0,05 < 0,000), so it can be concluded that there is an effect of Current Ratio, Return on Assets, Debt to Equity Ratio, and Earning Per Share simultaneously on the Stock Price. From the results of the analysis in this study, it can be concluded that the Current Ratio does not have a positive and significant effect on stock prices. Meanwhile, Return on Assets has a positive but significant effect on stock prices. Furthermore, the Debt to Equity Ratio has no effect on the stock price. And Earning Per Share has a positive influence on the Stock Price.

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