PENGARUH KINERJA KEUANGAN TERHADAP RETURN SAHAM PERUSAHAAN PERTAMBANGAN SUBSEKTOR BATU BARA

Abstract

This research examines the effect of financial performance on stock returns at Coal Mining companies listed on the Indonesia Stock Exchange (IDX) from 2020 to 2023. The research applies quantitatively. Furthermore, the data were secondary. The data collection technique used was purposive sampling. In line with that, there were 18 samples with 72 data observations. Moreover, the data analysis technique used was multiple linear regression with SPSS (Statistical Package for Social Sciences). The liquidity, which was referred to as the Current Ratio (CR), has a negative significant effect on stock return at Coal Mining companies listed on the Indonesia Stock Exchange (IDX). Likewise, solvability,that referred to as Debt to Equity Ratio (DER), has a negative significant effect on stock return. at Coal Mining companies listed on the Indonesia Stock Exchange (IDX). Similarly, the activity referred to as Total Assets Turnover (TATO) has a negative significant effect on stock return at Coal Mining companies listed on the Indonesia Stock Exchange (IDX) In addition, profitability, that referred to as Net Profit Margin (NPM), has a positive significant effect on stock return at Coal Mining companies listed on the Indonesia Stock Exchange (IDX).