Abstract :
Mega Sukmawati. 021115437. Effect of Current Ratio, Return On Assets, Debt to Equity Ratio,
Total Assets Turnover, Receivable Turnover, Inflation and Exchange Rates Against Stock Prices on
Chemical Sub Sector Companies Listed on the Indonesia Stock Exchange for the 2013-2018 Period.
Under the guidance of Edhi Asmirantho and Sumardi Sulaeman. 2020
In 2018 businesses in the basic chemical sector experienced an increase in sales compared to the
previous year. However, the net income of chemical sub-sector companies decreased compared to the
previous year. Although productivity has weakened, investment interest has not subsided. During this
year the chemical and pharmaceutical industries were among the top three business sectors that received
the most investment. However, the phenomenon of the chemical sector is not reflected in the stock
market which shows that the value of stock prices tends to fluctuate during the study period, namely in
2013-2018. There are many factors that affect stock prices, both due to microeconomic and
macroeconomic factors. In this study the variables used consisted of microeconomic factors namely
Current Ratio, Return On Assets, Debt to Equity Ratio, Total Assets Turnover, Receivable Turnover.
While the macroeconomic factors used in this study consisted of inflation and exchange rates.
This study aims to analyze and measure the level of Current Ratio, Return On Assets, Debt to
Equity Ratio, Total Assets Turnover, Receivable Turnover, Inflation and Exchange Rates Against Stock
Prices in Chemical Sub Sector Companies Listed on the Indonesia Stock Exchange Period 2013-2018,
both simultaneously and partially.
Research on Current Ratio, Return On Assets, Debt to Equity Ratio, Total Assets Turnover,
Receivable Turnover, Inflation and Exchange Rate Against Stock Prices is a verification study using
the explanatory survey method. This study uses secondary data that is quantitative. Determination of
the sample using the purposive sampling method, in order to obtain 8 companies used as samples in the
study. The analytical method used is panel data regression analysis using Eviews 9.
The results showed that partially Return On Assets (ROA), Debt to Equity Ratio (DER), Total
Assets Turnover (TATO) had a positive effect on stock prices. Inflation has a negative influence on
stock prices. Current Ratio, Receivable Turnover and Exchange Rate do not have an influence effect on
stock prices. While the results of the simultaneous study of Current Ratio, Return On Assets, Debt to
Equity Ratio, Total Assets Turnover, Receivable Turnover, Inflation and Exchange Rates affect the
stock price. The value of Adjustes R Square in this study is 0.529922, which means the variable Current
Ratio, Return On Assets, Debt to Equity Ratio, Total Assets Turnover, Receivable Turnover, Inflation
and Exchange Rate contributed an influence of 52.9922% to the share price and the rest 47,0078% is
influenced by other variables outside the research model.
Keywords : Current Ratio (CR), Return On Assets (ROA), Debt to Equity Ratio (DER), Total Assets
Turnover (TATO), Receivable Turnover (RTO), Inflation, Exchange Rate, Stock Price