Analysis of Debt to Equity Ratio (DER), Return On Assets (ROA), Fixed Asset Turnover  (FATO), and Earning Per Share (EPS) on Stock Prices in Transportation Sector Companies  on the IDX in 2020-2021

Roro Budi Kinasih; Tutiek Yoganingsih

Authors

Roro Budi Kinasih Universitas Bhayangkara Jakarta Raya
Tutiek Yoganingsih

Abstract

This study aims to analyze: (1) the effect of return on assets (ROA) on stock prices in transportation sector
companies, (2) the effect of debt to equity ratio (DER) on stock prices in transportation sector companies,
(3) the effect of fixed assets turnover ratio (FATO) on stock prices in transportation sector companies, (4)
the effect of earning per share (EPS) on stock prices in transportation sector companies. The populations
in this study were 30 companies from the transportation subsector that have been listed on the Indonesia
Stock Exchange (IDX). The sampling technique used purposive sampling technique. Data collection was
carried out using documentary methods. The data analysis technique used is the classical assumption test
and hypothesis testing with panel data regression analysis. The results of the study after the data were
processed through the help of the EViews 9 program. Data testing is continued with the classical
assumption test where from the results of the classical assumption test it can be stated that the data
does not have multicolonierity and the data does not occur heteroscedasticity problems. The results of
this study indicate that ROA has a positive and significant effect on the share price of companies listed in
the Transportation sector on the IDX in 2020-2021. However, DER, TATO, and EPS are not significant while
on the stock prices of companies listed in the Transportation sector on the IDX in 2020-2021.

Downloads

Download data is not yet available.

References

Yusuf , T., Moorcy , N. H., & Anis , D. (2022). Pengaruh Current Ratio, Debt To Equity Ratio, Dan Return On Assets Terhadap Harga Saham Perusahaan Sub Sektor Kimia Yang Terdaftar Di Bursa Efek Indonesia. Jurnal GeoEkonomi ISSN-Elektronik, Vol 13, 155-164.

Anoraga, P., & Piji Prakarti. (2008). Pengantar Pasar Modal. Semarang: Rineka Cipta.

Basuki, T. A., & Yuliadi, I. (2015). Electronic Data Processing (SPSS 15 dan Eviews 7). Sleman: Danisa Media.

Brigham, & Houston. (2010). Dasar-dasar Manajemen Keuangan Buku 1 (edisi11). Jakarta: Salemba Empat.

Desfika, T. S. (2020, April 10). Pandemi Covid-19 Memukul Bisnis di Sektor Transportasi. Retrieved from beritasatu.com: https://www.beritasatu.com/ekonomi/619131/pandemi-covid19-memukul-bisnis-di-sektor-transportasi

Diansyah. (2020). Pengaruh Free Cash Flow Dan Fixed Asset Turnover Terhadap Pergerakan Laba Serta Dampaknya Terhadap Harga Saham. Jurnal Administrasi Dan Perkantoran Modern, Vol 9, 26-37.

Ghozali, I. (2011). Aplikasi Analisis Multivariete Dengan Program IBM SPSS19 (5 ed.). Semarang: Badan Penerbit Universitas Diponegoro.

Jogiyanto. (2008). Teori Portofolio dan analisis investasi. Yogyakarta: BPFE.

Junaedi, D., & Salistia, F. (2020). Dampak Pandemi Covid-19 terhadap Pasar Modal di Indonesia: Studi Kasus Indeks Saham Komposit (ISHG). Jurnal Ekonomi, Keuangan & Bisnis Syariah : Al-Kharaj, 109-131.

Karlina, B., & Sanoyo, A. M. (2021). engaruh Cluster Emiten terhadap Return Saham JSX Berbasis Parameter Rasio Analisa Fundamental. Jurnal Akuntansi, Keuangan, dan Manajemen,, Vol 2, 279–291.

Kasmir. (2016). Analisis Laporan Keuangan (Vols. Cetakan ke-4). Jakarta: PT. Raja Grafindo Persada.

Kusnandar, D. L., & Bintari, V. I. (2020). Perbandingan Abnormal Return Saham Sebelum dan Sesudah Perubahan Waktu Perdagangan Selama Pandemi Covid-19. Jurnal Pasar Modal dan Bisnis, 195–202.

Lessambo, F. I. (2022). Financial Statements Analysis, Reporting and Valuation (Second Edition ed.). New York, United States of America (USA): Palgrave Macmillan.

Ma’rifah, A. N., & Akbar, E. E. (2022). Earning Per Share dan Profitabilitas Pada Harga Saham Perusahaan Sektor Makanan dan Minuman Di Bursa Efek Indonesia. Jurnal Eksos.

Maula, K. A., & Kreshnadjati, D. (2022, Oktober). Pengaruh Return on Asset (ROA), Current Ratio (CR), dan Pertumbuhan Penjualan Terhadap Harga Saham Pada Perusahan Sub Sektor Property dan Real Estate Yang Terdaftar Di BEI Periode 2019-2020. Jurnal Ilmiah Wahana Pendidikan, 269-281.

Muksal. (2017). Pengaruh Debt Equity Ratio (DER) Terhadap Harga Saham Syariah (Studi Pada Pasar Sekunder Jakarta Islamic Index (JII) Tahun 2009-2013).

Oktavia, I., & Genjar, K. (2018). Faktor-Faktor Yang Mempengaruhi Harga Saham. Sinergitas Quadruple Helix, 414-422.

Pitaloka, H., & et al. (2020). The Economic Impact of the Covid-19 Outbreak : Evidence from Indonesia Research Method. Jurnal Inovasi Ekonomi, 71-76.

Rafitasari, N. N. (2022, September 30). Pengaruh Kinerja Keuangan Dan Faktor Ekonomi Makro Terhadap Harga Saham Saat Pandemi Covid-19. Jurnal Ilmu dan Riset Akuntansi, 1-21.

Rahmatiah, C. (2020). Pengaruh Ukuran Perusahaan, ROE, DER dan EPS Terhadap Harga Saham Pada Perusahaan Makanan dan Minuman Yang Terdaftar Di Bursa Efek Indonesia Periode 2015 – 2019. JIEB : Jurnal Ilmiah Ekonomi Bisnis, 372-385.

Rianto, M. R. (2018). Implikasi Return on Equity, Return on Asset, Net Income& Debt To Equity Ratio Terhadap Return Saham Pada Perusahaan Properti. Jurnal Riset Manajemen Dan Bisnis (JRMB) Fakultas Ekonomi UNIAT, 3(1), 59–66.

Rianto, M. R., & Sulistyowati, A. (2019). Analisis Faktor Makro Dan Mikro Ekonomi Terhadap Harga Saham Pada Sektor Perbankan Yang Terdaftar Di Bursa Efek Indonesia ( 2013-2017 ). 15(2).

Romadhoni, I. A., & Susandini, A. (2022, Juni). Analisis Fundamental Dan Teknikal Pergerakan Harga Saham Sebelum Dan Saat Pandemi Covid-19 Pada Perusahaan PerbankanYang Terdaftar Di Bursa Efek Indonesia (BEI). Jurnal Kajian Ilmu Manajemen (JKIM), Vol 2(No 2), 193-202.

Suyono, N. R., Suhardjo, T. S., & Hia, E. R. (2022). Analysis Of The Effect Of DER And CR On ROA And Stock Prices In Manufacture Companies Listed On The IDX Period 2015-2019. Bilancia: Jurnal Ilmiah Akuntansi, Vol 6, 170-179.

Widarjono, A. (2007). Ekonometrika Teori dan Aplikasi untuk Ekonomi dan Bisnis (Edisi ke-2 ed.). Yogyakarta: Ekonisia Fakultas Ekonomi UII.

Widyawati, N. L., & Ningtyas, M. N. (2022). Analysis Of Financial And Share Performance Performance Before And After The Covid-19 Pandemic On The Indonesia Stock Exchange (IDX). Jurnal Ilmiah Bisnis dan Ekonomi Asia, Vol 16 (No 02), 292-307.