Pengaruh Debt To Asset Ratio (DAR), Working Capital Turnover (WCT), dan Price Earning Ratio (PER) Terhadap Harga Saham  : Studi Kasus: Perusahaan Farmasi Yang Terdaftar di Bursa Efek Indonesia (BEI) Periode 2019-2023

Risyda Nurfadilah; Fathihani Fathihani

doi:10.30640/ekonomika45.v12i2.4411

Authors

Risyda Nurfadilah Universitas Dian Nusantara
Fathihani Fathihani Universitas Dian Nusantara

DOI:

https://doi.org/10.30640/ekonomika45.v12i2.4411

Keywords:

Debt to Asset Ratio (DAR), Price Earning Ratio (PER), Stock Prices, Working Capital Turnover (WCT)

Abstract

This research aims to analyze the influence of Debt to Asset Ratio (DAR), Working Capital Turnover (WCT), and Price Earning Ratio (PER) on the share prices of pharmaceutical companies listed on the Indonesia Stock Exchange (BEI) in the 2019-2023 period. The method used in this research is multiple linear regression analysis, with data taken from the annual financial reports of pharmaceutical companies listed on the IDX. The approach in this research uses a quantitative approach, and based on its objectives, this type of research is causal. The independent variables in this research include Debt to Asset Ratio (DAR), Working Capital Turnover (WCT), and Price Earning Ratio (PER) and the dependent variable in this research is Stock Price. The population of this research is Pharmaceutical Companies listed on the Indonesia Stock Exchange (BEI), totaling 17 Pharmaceutical Companies for the 2019-2023 period. This research uses the Purposive Sampling method, so the number of samples in this research is 50 samples. This research uses documentation techniques and SPSS 26 application tools. The results of this research show that the Debt to Asset Ratio (DAR), Working Capital Turnover (WCT), and Price Earning Ratio (PER) influence the share prices of pharmaceutical companies listed on the Indonesia Stock Exchange (BEI) in the 2019-2023 period.

References

Dewi, N. S., & Suwarno, A. E. (2022). Pengaruh ROA, ROE, EPS dan DER terhadap harga saham perusahaan (Studi empiris pada perusahaan LQ45 yang terdaftar di Bursa Efek Indonesia tahun 2016–2020). Seminar Nasional Pariwisata dan Kewirausahaan (SNPK), 1, 472–482. https://doi.org/10.36441/snpk.vol1.2022.77

Hendrawan, A. (2022). Pasar modal dan dinamika harga saham: Teori dan praktik di Indonesia. Salemba Empat.

Imelda Purba, A., & Mahendra, W. S. (2024). Pengaruh net profit margin, profit growth dan working capital turnover terhadap harga saham pada perusahaan otomotif dan komponennya yang terdaftar di BEI periode 2020–2022. 10(1), 36–49.

Iskandar, M. (2022). Analisis rasio keuangan untuk keputusan investasi di pasar modal. Gramedia.

Prastyo, S. A., Akbar, T., & Hendratmoko, S. (2022). Pengaruh return on asset (ROA), current ratio (CR), dan debt to total asset ratio (DAR) terhadap harga saham pada PT. Erajaya Swasembada Tbk. Akuntansi, 1(2), 14–34. https://doi.org/10.55606/jurnalrisetilmuakuntansi.v1i2.60

Pratama, R. (2022). Teori dan praktik investasi saham di pasar modal. Salemba Empat.

Ramdani, F. (2021). Manajemen keuangan perusahaan: Teori, praktik, dan aplikasi. Salemba Empat.

Rifadhatul Millah, D., & Susilowati, D. (2024). Pengaruh struktur modal, profitabilitas, dan inflasi terhadap harga saham sub sektor farmasi. 4(3), 151–159.

Safitri, D. H. (2021). Pengaruh working capital turnover, receivable turnover, dan inventory turnover terhadap harga saham pada perusahaan sektor pertambangan. 8, 74–81.

Sari, L. (2021). Manajemen keuangan perusahaan: Teori, praktik, dan implementasi. Andi Publisher.

Sekarfitri, L. S. (2023). Pengaruh DAR, PER, dan EPS terhadap harga saham sektor farmasi di BEI.

Setiadi, S. O. (2022). Pengaruh current ratio, debt to equity ratio, return on asset, earning per share dan price earning ratio terhadap harga saham perusahaan barang konsumsi sub sektor farmasi yang terdaftar di BEI 2016–2020. 1(2).

Sunyoto, D. (2013). Metodologi penelitian akuntansi (Cetakan pertama).

Wijaya, H. (2022). Analisis dan strategi investasi saham di pasar modal. Erlangga.

Wijaya, W., & Elizabeth, S. M. (2023). Pengaruh debt to assets ratio dan return on asset terhadap harga saham. MDP Student Conference, 2(2), 180–184. https://doi.org/10.35957/mdp-sc.v2i2.4175

Wongsosudono, C., & Karo, M. B. (2021). Pengaruh price earning ratio, debt to equity ratio dan return on asset terhadap harga saham pada perusahaan manufaktur yang terdaftar di BEI. Jurnal Mutiara Akuntansi, 6(1), 67–77. https://doi.org/10.51544/jma.v6i1.1895