PENGARUH CURRENT RATIO, DEBT TO ASSET RATIO, TOTAL ASSET TURNOVER, DAN RETURN ON ASSET TERHADAP HARGA SAHAM (STUDI EMPIRIS PADA PERUSAHAAN CONSUMER NON-CYLCLICALS SUB SEKTOR FOOD & BEVERAGES YANG TERDAFTAR DI BURSA EFEK INDONESIA PERIODE 2020-2023)

Abstract

The objective of this research project is to examine the influence of Current Ratio, Debt to Asset Ratio, Total Asset Turnover, and Return on Asset on Stock Price in Consumer Non-Cyclical sub-sector firms in the Food & Beverages businesses listed on the Indonesia Stock Exchange (IDX) from 2020 to 2023. A meticulously chosen sample of 49 businesses was included in the study's target population of 95 firms. Through the use of a purposive sample strategy and the use of several linear analysis methods in SPSS version 19.0, the study results indicate that the Current Ratio does not have a statistically significant impact on Stock Price. Conversely, the Debt to Asset Ratio has a substantial positive influence on Stock Price, whereas Total Asset Turnover has no meaningful effect on Stock Price. Moreover, the Return on Asset exhibits a substantial and favorable impact on the Stock Price.

Keyword: Current Ratio, Debt to Asset Ratio, Total Asset Turnover, Return on Asset and Stock Price.