PENGARUH RASIO KEUANGAN TERHADAP HARGA SAHAM (Studi Pada Perusahaan Manufaktur Yang Terdaftar Di Bursa Efek Indonesia Periode 2016 Sampai Dengan 2019)

Authors

  • Frenki Dompak Girsang Fakultas Ekonomi dan Bisnis, Universitas Widyagama Malang
  • Untung Wahyudi Fakultas Ekonomi dan Bisnis, Universitas Widyagama Malang
  • Endah Puspitosarie Fakultas Ekonomi dan Bisnis, Universitas Widyagama Malang

Keywords:

Work Capital to Total Asset (WCTA), Current Liability to Inventory (CLI), Total Asset Turnover (TAT), Net Profit Margin (NPM), Stock Price

Abstract

This research aims to assist investors in deciding how to invest in the stock market by analyzing the effect of company’s financial ratios on its share price. The financial Ratios used in these researches are Work Capital to Total Asset, Current Liability to Inventory, Total Asset Turnover and Net Profit Margin as independent variables, and Stock Price as the dependent variable. This criteria for this research were between 2016 – 2019. The results showed that the Work Capital to Total Asset and Current Liability to Inventory had a significant effect on Stock Prices, while Total Asset Turnover and Net Profit Margin had no significant effect on stock prices. Investors should review the financial statements issued by the company and use financial ratios especially Work Capital to Total Asset (WCTA) and Current Liability to Inventory (CLI) as a references in making investments.

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Published

2021-03-23

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Section

Articles