ANALISIS PENGARUH RASIO KEUANGAN TERHADAP RETURN SAHAM PADA PERUSAHAAN TRANSPORTASI DAN LOGISTIK YANG TERDAFTAR DI BURSA EFEK INDONESIA

Abstract

This research aims to determine the effect of financial ratio on stock return of Transportation and Logistics companies listed on the Indonesia Stock Exchange (IDX). The independent variables were profitability (Return On Asset), liquidity (Current Ratio), and market ratio (Price Earning Ratio and Price to Book Value). Meanwhile, the dependent variable was stock return. The research applies quantitatively. Furthermore, the data collection technique used purposive sampling. In line with that, there were 38 samples from 14 Transportation and Logistics companies listed on IDX during 2019-2023. Moreover, the data analysis technique used multiple linear regression. The research shows that profitability which was measured by Return On Asset and market ratio which was measured by Price to Book Value have a significantly positive effect on stock return. However, liquidity which was measured by Current Ratio and market ratio which was measured by Price Earning Ratio have an insignificant effect on stock return.