Kenaikan Harga Saham Perusahaan Farmasi di Bursa Efek Indonesia (BEI): Peran Likuiditas, Leverage, Aktivitas dan Profitabilitas
DOI:
https://doi.org/10.32487/jshp.v9i1.2363Keywords:
Current Ratio (CR), Debt to Assets Ratio (DAR), Total Assets Turnover (TATO), Net Profit Margin (NPM), stock pricesAbstract
This study aims to examine the effect of the Current Ratio (CR), Debt-to-Assets Ratio (DAR), Total Asset Turnover (TATO), and Net Profit Margin (NPM) on Stock Price. This study uses the type of research with a quantitative approach. The population used in this study is pharmaceutical subsector companies listed on the Indonesia Stock Exchange for the period 2018-2023. The sampling technique used was purposive sampling to obtain a sample of 9 companies with a sample size of 54 observations. The data analysis technique in this study used multiple regression analysis using SPSS for Windows 25. The results of this study indicate that the variables CR, DAR, TATO, and NPM simultaneously affect the Stock Price. The t-test results show that DAR and DER have a positive and significant effect on stock prices; CR has a negative and insignificant effect on stock prices; DAR has a negative and significant effect on stock prices; TATO has a positive and significant effect on stock prices, and NPM has a positive and insignificant effect on stock prices.
References
Annisa, Q., & Wulandari, I. (2023). Pengaruh Profitabilitas, Leverage dan Ratio Aktivitas Terhadap Pertumbuhan Laba. MANDAR: Management Development and Applied Research Journal, 6(1), 57–63. https://doi.org/10.31605/mandar.v6i1.3368
Aprilliana, L., Susilowati, D., & Hernadi Moorcy, N. (2023). Pengaruh Current Ratio, Debt To Equity Ratio, Total Asset Turnover Dan Return on Asset Terhadap Harga Saham Pada Perusahaan Makanan Dan Minuman Yang Terdaftar Di Bursa Efek Indonesia. Media Riset Ekonomi [Mr.Eko], 2(2), 104–110. https://doi.org/10.36277/mreko.v2i2.277
Dhani Aspriyadi. (2020). Pengaruh Kinerja Keuangan Terhadap Harga Saham Perusahaan (Studi Kasus Pada Perusahaan Jasa Tranportasi Yang Terdaftar Di Bei Periode 2015-2019). Jurnal Ilmiah Ekonomi Bisnis, 6(3), 386–400. https://doi.org/10.35972/jieb.v6i3.407
Divi Elshinta, R., & Suselo, D. (2023). Pengaruh Net Profit Margin, Return on Assets Dan Gross Profit Margin Terhadap Harga Saham. Ar-Ribhu: Jurnal Manajemen Dan Keuangan Syariah, 4(1), 2774–5570.
Fitriani, M., & Indra, Y. A. (2021). Pengaruh Profitabilitas Terhadap Harga Saham Pada Jakarta Islamic Index Tahun 2018-2020
Ghozali, I. (2018). Aplikasi Analisis Mulrivariate dengan Program IBM SPSS 25 Edisi 9. Badan Penerbit Universitas Diponegoro.
Litamahuputty, J. V. (2021). Analisis Kinerja Keuangan Koperasi Berdasarkan Rasio Likuiditas, Solvabilitas, Dan Profitabilitas. Intelektiva: Jurnal Ekonomi, Sosial & Humaniora, 2(08), 66–73.
Nugroho Sadtyo, W., & Nadella, A. (2022). Pengaruh Return on Assets Dan Debt To Equity Ratio Terhadap Harga Saham. Equilibria Pendidikan : Jurnal Ilmiah Pendidikan Ekonomi, 5(2), 5–10. https://doi.org/10.26877/ep.v5i2.6319
Panggabean, P., Siahaan, S. B., & Elisabeth, D. M. (2023). Analisis Dampak Covid-19 Terhadap Perubahan Harga Dan Volume Transaksi Saham Pada Sub Sektor Farmasi Yang Terdaftar Dibursa Efek Indonesia. METHOSIKA: Jurnal Akuntansi Dan Keuangan Methodist, 6(2), 136–145. https://doi.org/10.46880/jsika.vol6no2.pp136-145
Primasatya, R. D., & Arliana, A. (2024). Pengaruh Rasio Keuangan Terhadap Harga Saham. Owner, 8(2), 1549–1565. https://doi.org/10.33395/owner.v8i2.2067
Saragih, J. L. (2021). Pengaruh current ratio, total asset turnover, dan debt to asset ratio terhadap ROA pada perusahaan makanan dan minuman yang terdaftar di BEI. Jurnal Riset Akuntansi & Komputerisasi Akuntansi, 7(1), 49–57. https://ejournal.ust.ac.id/index.php/JRAK/article/view/1163/1148
Sari, T. I., & Veterina, I. (2021). Pengaruh Return on Asset, Total Assets Turnover, Price Earning Ratio dan Dividend Per Share Terhadap Harga Saham (Studi Empiris pada Perusahaan Manufaktur Sub Sektor Pertambangan yang Terdaftar di BEI Periode 2015-2019. Jurnal EMT KITA, 5(1), 1. https://doi.org/10.35870/emt.v5i1.216
Sondakh, R. E. J., Palandeng, I. D., & Untu, V. N. (2024). Pengaruh Return On Asset , Debt To Asset Ratio , Dan Non Performing Loan Terhadap Harga Saham Perbankan Digital Yang Go Public Di Bursa Efek Indonesia ( Periode 2020 – 2023 ) The Influence Of Return On Assets , Debt To Asset Ratio , And Non-Performing Loa. 12(3), 505–515.
Zuraidaning Tyas, K. (2023). Analisis Rasio AKtivitas Untuk Menilai Kinerja Keuangan Pada PT. Adaro Minerals Indonesia Tbk. Yang Terdaftar Di Bursa Efek Indonesia (BEI). Pjeb: Perwira Journal of Economic & Business, 3(1), 55–64. https://doi.org/10.54199/pjeb.v3i01
Downloads
Published
Issue
Section
License
Copyright (c) 2025 JSHP : Jurnal Sosial Humaniora dan Pendidikan
This work is licensed under a Creative Commons Attribution-ShareAlike 4.0 International License.
Authors who publish with this journal agree to the following terms:- Authors retain copyright and grant the Journal of JSHP right of first publication with the work simultaneously licensed under Creative Commons Attribution License (CC BY-SA 4.0) that allows others to scopy and redistribute the material in any medium or format for any purpose, even commercially.
- Authors are able to enter into separate, additional contractual arrangements for the non-exclusive distribution of the journal's published version of the work (e.g., post it to an institutional repository or publish it in a book), with an acknowledgment of its initial publication in this journal.
- Authors are permitted and encouraged to post their work online (e.g., in institutional repositories or on their website) prior to and during the submission process, as it can lead to productive exchanges, as well as earlier and greater citation of published work (See The Effect of Open Access).
