Effect Current Ratio, Debt to Equity Ratio, Return on Equity and Total Asset Turnover on Share Prices in PT Bank Syariah Indonesia Tbk
Keywords:
Current Ratio (CR), Debt to Equity Ratio (DER), Return on Equity (ROE), Total Asset Turnover (TATO), Stock PriceAbstract
This study aims to determine the effect of current ratio (CR), debt-to-equity ratio (DER), return on equity (ROE), and total asset turnover (TATO) on Bank Syariah Indonesia's share price for the period February 2021–May 2023. This study used quantitative methods with secondary time series data. Data retrieval techniques use documentation techniques. The population of this study is all the stock prices and financial statements of Bank Syariah Indonesia since February 2021. This study used a saturated sample of 28 samples. data analysis using classical assumption tests, multiple regression analysis, and hypothesis tests. The adjusted R square value (coefficient of determination) is 0.890, which means that the influence of the independent variable on the dependent variable is very strong at 69%, and the remaining 31% is influenced by other factors. Based on the test results conducted, it appears that simultaneously, the current ratio (CR), debt-to-equity ratio (DER), return on equity (ROE), and total asset turnover (TATO) have a significant effect on the share price (Y) of Bank Syariah Indonesia. While partially positive, the current ratio (X1) has a significant positive effect on stock prices. The debt-to ratio (X2) has an insignificant negative effect on stock prices. Return on equity (X3) has a significant positive effect on stock prices. Total Asset Turnover (X4) has a significant positive effect on stock prices. The current ratio (X1) is the dominant influence on stock prices because it is seen from the value of the coefficient of 0.163. The value is greater than the value of the coefficient of other variables.
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