Analysis of the effect of return on assets, debt to equity ratio, net profit margin, earning per share on stock returns in automotive and component sub-sector companies

Sairun Simanullang; Fransiska Simanullang

doi:10.55942/pssj.v3i11.257

Authors

Sairun Simanullang Universitas Tama Jagakarsa
Fransiska Simanullang Universitas Tama Jagakarsa

DOI:

https://doi.org/10.55942/pssj.v3i11.257

Keywords:

Return on assets, debt to equity ratio, net profit margin, earning per share, stock returns

Abstract

This research aims to determine the influence of profitability and leverage on stock returns. The sampling technique in this study uses a survey on the Indonesia Stock Exchange. The data analysis methods used include validity and reliability tests, classical assumption tests, regression analysis, correlation and determination coefficient analysis, and hypothesis testing. The results of this research indicate that: Return on Assets has a significant influence on returns in the automotive and component sub-sector companies on the Indonesia Stock Exchange. There is an influence of the debt to equity ratio on stock returns in automotive and component sub-sector companies on the Indonesia Stock Exchange. Net profit margin does not have a significant influence on stock returns. Earning per share influences stock returns in automotive and component sub-sector companies on the Indonesia Stock Exchange. Return on assets, debt to equity ratio, net profit margin, and earning per share influence stock returns in automotive and component companies listed on the Indonesia Stock Exchange during the period 2017-2021.

References

Ahmad, M., Kuldasheva, Z., Nasriddinov, F., Balbaa, M. E., & Fahlevi, M. (2023). Is achieving environmental sustainability dependent on information communication technology and globalization? Evidence from selected OECD countries. Environmental Technology and Innovation, 31. Scopus. https://doi.org/10.1016/j.eti.2023.103178

Ajeng Asmaul Husna. 2014. Pengaruh Return On Equity, Debt To Equity Ratio, Earning Per Share, Price Earning Ratio, Price To Book Value Dan Time Interest Earned Terhadap Return Saham.

Alviansyah M.R. dkk (2018). Pengaruh Profitabilitas, Leverage, dan Ukuran Perusahaan Terhadap Return Saham (Studi Kasus pada Perusahaan Subsektor Pertambangan yang Terdaftar di Bursa Efek Indonesia pada Tahun 2011 – 2015).

Ani Rahmawati, (2017). Pengaruh Earning Per Share, Return On Equity, Debt to Equity Ratio Terhadap Return Saham pada perusahaan food and beverages yang terdaftar di Bursa Efek Indonesia Periode 2011-2015.

Budiharjo R. (2018). Pengaruh profitabilitas dan leverage keuangan Terhadap return saham pada perusahaan industry Konsumsi makanan dan minuman yang terdaftar di Bursa efek Indonesia. Jurnal: ISSN: 2086-7662, ISSN: 2622-1950

Cerlienia Juwita dan Juni Herawati. 2012. Pengaruh Variabel ROA, ROE, DER, EPS dan PER Terhadap Return Saham Perusahaan Non Bank LQ45 Periode 2010-2012.

Chikmah A.L. dan Yuliana I. (2020). Pengaruh profitabilitas terhadap return saham dengan suku bunga sebagai variabel moderating (saham sektor aneka industri periode 2016-2018).

Devi Trianingsi, (2017). Pengaruh Net Profit Margin, Return On Equity, dan Debt to Equity Ratio Terhadap Return Saham (Studi pada Perusahaan Pertambangan yang Terdaftar di Bursa EfekIndonesia Tahun 2012-2015).

Dewi A.S. dan Fajri I. (2019). Pengaruh Likuiditas dan Profitabilitas Terhadap Return Saham Pada Perusahaan Manufaktur Yang Terdaftar di Bursa Efek Indonesia.

Dewi N.L.P.S.U. dan Sudiartha I.G.M. (2019). Pengaruh Profitabilitas, Likuiditas, Leverage, dan Ukuran Perusahaan terhadap Return Saham pada Perusahaan Food And Beverage. Jurnal: ISSN: 2302-8912

Dewi P.E.D.M. (2016). Pengaruh Rasio Likuiditas, Profitabilitas, Solvabilitas, Aktivitas dan Penilaian Pasar Terhadap Return Saham.

Fahlevi, M., Ahmad, M., Balbaa, M. E., Wu, T., & Aljuaid, M. (2023). The efficiency of petroleum and government health services to benefit life expectancy during the inefficiencies of hydroelectricity consumption. Environmental and Sustainability Indicators, 19, 100289. https://doi.org/10.1016/j.indic.2023.100289

Fahlevi, M., Moeljadi, M., Aisjah, S., & Djazuli, A. (2023). Assessing the Sustainability of Firm Value: The Impact of Board Composition, Firm Size, and Earnings Manipulation in the LQ45 Index. E3S Web of Conferences, 426, 02042. https://doi.org/10.1051/e3sconf/202342602042

Fahlevi, M., Moeljadi, M., Aisjah, S., & Djazuli, A. (2022). Blockchain Security and Corporate Governance. Int. Conf. Cybern. Intell. Syst., ICORIS. 4th International Conference on Cybernetics and Intelligent System, ICORIS 2022. Scopus. https://doi.org/10.1109/ICORIS56080.2022.10031537

Fahlevi, M., Rabiah, A. S., Pradipta, I. A., & Marta, A. (2020). Tourism and Absorption of The Labor Force in Indonesia: A Strategy for Development. 16001, 2–6.

Fahlevi, M., Vional, & Pramesti, R. M. (2022). Blockchain technology in corporate governance and future potential solution for agency problems in Indonesia. International Journal of Data and Network Science, 6(3), 721–726. Scopus. https://doi.org/10.5267/j.ijdns.2022.3.010

Fahmi, dkk (2019). Pengaruh Profitabilitas dan Leverage Terhadap Return Saham pada Perusahaan BUMN yang Terdaftar di Indeks LQ45. Jurnal: E-ISSN: 2598-635X.

Fitriana D. dkk (2016). Pengaruh Likuiditas, Solvabilitas, Profitabilitas, Aktivitas Dan Kebijakan Dividen Terhadap Return Saham Perusahaan Pertambangan Yang Terdaftar Pada Bei Periode 2007-2013.

Ginting S. (2012). Analisis Pengaruh Pertumbuhan Arus Kas Dan Profitabilitas Terhadap Return Saham Pada Perusahaan Lq 45 Di Bursa Efek Indonesia.

Handayati R. dan Zulyanti N.R. (2018). Pengaruh Earning Per Share (EPS), Debt To Equity Ratio, (DER), dan Return On Assets (ROA) Terhadap Return Saham Pada Perusahaan Manufaktur yang Terdaftar di BEI. ISSN : 2502-3780

Juhandi N. (2014). Manajemen Kuangan. Pelangi Nusantara: Jakarta.

Juhandi N. (2018). Manajemen Kuangan Lanjutan. Pelangi Nusantara: Jakarta.

Kasmir. (2012). Analisis Laporan Keuangan. Jakarta : PT. Raja Grafindo Persada.

Kayani, U. N., Fahlevi, M., Mumtaz, R., Qaruty, R. A., & Asad, M. (2023). The Nexus between Carbon Emissions and Per Capita Income of Households: Evidence from Japanese Prefectures. International Journal of Energy Economics and Policy, 13(6), Article 6. https://doi.org/10.32479/ijeep.15042

Kuldasheva, Z., Ahmad, M., Salahodjaev, R., & Fahlevi, M. (2023). Do Tourism and Renewable Energy Influence CO2 Emissions in Tourism-Dependent Countries? International Journal of Energy Economics and Policy, 13(6), Article 6. https://doi.org/10.32479/ijeep.14410

Marlina N.B.P. (2019). Pengaruh Profitabilitas, Likuiditas, dan Leverage Terhadap Return Saham Perusahaan Manufaktur Di BEI. Jurnal: ISSN : 2085-0751

Meiryani, Huang, S. M., Soepriyanto, G., Jessica, Fahlevi, M., Grabowska, S., & Aljuaid, M. (2023). The effect of voluntary disclosure on financial performance: Empirical study on manufacturing industry in Indonesia. PloS One, 18(6), e0285720. Scopus. https://doi.org/10.1371/journal.pone.0285720

Nurdiana D. (2020). Pengaruh Profitabilitas dan Kebijakan Deviden Terhadap Return Saham. Jurnal: ISSN: 2598:8107.

Oroh M.M. Dkk. (2019). Pengaruh Profitabilitas Dan Leverage Terhadap Return Saham Pada Sektor Pertanian Di Bei Periode 2013-2017. Jurnal: ISSN 2303-1174.

Parwati R.R.A.D. dan Sudiartha G.M. (2016). Pengaruh Profitabilitas, Leverage, Likuiditas dan Penilaian Pasar Terhadap Return Saham pada Perusahaan Manufaktur. Jurnal: SSN: 2302-8912.

Putra I.M.G.D. dan Dana I.M. (2016). Pengaruh Profitabilitas, Leverage, Likuiditas Dan Ukuran Perusahaan Terhadap Return Saham Perusahaan Farmasi Di BEI. Jurnal: ISSN : 6825-6850, ISSN : 2302-8912.

Roiyah M. dan Priyadi M.P. (2019). Pengaruh Profitabilitas, Ukuran Perusahaan dan Good Corporate Governance Terhadap Return Saham Syariah. Jurnal: ISSN: 2460-0585.

Sugiyono. (2017). Metode Penelitian Pendidikan, Pendekatan Kuantitatif, Kualitatif, dan R&D. Alfabeta : Bandung.

Sujarweni V.W. (2017). Kupas Tuntas Penelitian Akuntansi dengan SPSS. Yogyakarta: Pustaka Baru Press.

Tandelin, Eduardus. (2010). Portofolio dan Investasi Teori dan Aplikasi. Edisi pertama. Kanisius: Yogyakarta.

Tarmizi R. Dkk (2018). Pengaruh Likuiditas dan Profitabilitas terhadap Return Saham.

Vitri Hanivah & Indra Wijaya (2018). Pengaruh Debt to Equity Ratio, Total Asset Turnover, Inflasi dan BI Rate terhadap Return Saham.

Yusra I. dan Afriani E. (2021). Pengaruh Profitabilitas dan Leverage Terhadap Return Saham Pada Perusahaan yang Terdaftar Di Bursa Efek Indonesia Tahun 2015-2019.

Yusuf, M., Hakim, L., Hendra, J., Kamar, K., Idawati, W., Winarso, E., Meiden, C., & Fahlevi, M. (2023). Blockchain technology for corporate governance and IT governance: A financial perspective. International Journal of Data and Network Science, 7(2), 927–932. Scopus. https://doi.org/10.5267/j.ijdns.2022.12.018

Zulfikar. (2016). Pengantar Pasar Modal Dengan Pendekatan Statistika. Edisi Pertama. CV. Budi Utama: Yogyakarta.