PENGARUH DEBT TO EQUITY RATIO, TOTAL ASSETS TURNOVER DAN RETURN ON ASSETS TERHADAP HARGA SAHAM PADA PERUSAHAAN FOOD AND BEVERAGE YANG GO PUBLIK

Abstract

This research aimed to find out the effect of Debt to Equity Ratio, Total Asset Turnover and Return On Asset on stock price of Food and Beverages companies which go public. The research was quantitative. Moreover, the data were in the form of financial numbers from companies’ balance sheets and income statements. Furthermore, the population was 29 Food and Beverages companies which were listed on Indonesia Stock Exchange during 2015-2019. Additionally, the data collection technique used purposive sampling, in which the sample was based on criteria given. In line with, there were 12 companies as the sample. In addition, the data analysis technique used multiple linear regression with SPSS 23. The research result concluded that regression analysis was properly used. Meanwhile, Debt to Equity Ratio had a positive and significant effect on stock price. Likewise, Return On Asset had a positive and significant effect on stock price. On the other hand, Total Asset Turnover had a negative and significant effect on stock price.
Keywords: debt to equity ratio, total asset turnover, return on asset, stock price.