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All Journal Jurnal Mahasiswa Entrepreneur
Rika Maulidah
Universitas Abdurachman Saleh Situbondo
Economics, Econometrics & Finance Electrical & Electronics Engineering Social Sciences

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PENGARUH RETURN ON EQUITY, EARNING PER SHARE, DAN DEBT TO EQUITY RATIO TERHADAP HARGA SAHAM DAN NILAI PERUSAHAAN PADA PERUSAHAAN SEKTOR PERBANKAN YANG TERDAFTAR DI BEI PERIODE 2022-2024 Rika Maulidah; Ida Subaida; Febri Ariyantiningsih
Jurnal Mahasiswa Entrepreneurship (JME) Vol 5 No 2 (2026): FEBRUARI
Publisher : Fakultas Ekonomi dan Bisnis

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.36841/jme.v5i2.8202

Abstract

This study aims to examine the effect of Return on Equity, Earnings per Share, and Debt to Equity Ratio on stock prices and firm value in banking companies listed on the Indonesia Stock Exchange (IDX) during the 2022–2024 period. The study employs purposive sampling as the sampling technique, resulting in a total of 11 sample companies. Data analysis is conducted using SmartPLS 3.0. The data analysis methods used in this study include classical assumption tests, consisting of multicollinearity and normality tests, the coefficient of determination test, structural equation modeling (inner model) analysis, and hypothesis testing. The results of the direct hypothesis testing indicate that Return on Equity, Earnings per Share, and Debt to Equity Ratio have a significant effect on stock prices. Return on Equity and Earnings per Share also have a significant effect on firm value, whereas the Debt to Equity Ratio does not have a significant effect on firm value. In addition, stock prices are found to have a significant effect on firm value. The results of the indirect hypothesis testing show that Return on Equity, Earnings per Share, and Debt to Equity Ratio have a significant effect on firm value through stock prices.
ANALISIS RASIO KEUANGAN UNTUK MENILAI KINERJA KEUANGAN PADA PT ADIRA DINAMIKA MULTI FINANCE TBK PERIODE 2020-2024 Ida Subaida; Yulia Variska Putri; Rika Maulidah
Jurnal Mahasiswa Entrepreneurship (JME) Vol 5 No 3 (2026): MARET 2026
Publisher : Fakultas Ekonomi dan Bisnis

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.36841/jme.v5i3.8325

Abstract

This study aims to analyze the financial performance of PT Adira Dinamika Multi Finance Tbk during the period 2020–2024 using financial ratio analysis. The ratios examined include liquidity ratios (Current Ratio and Cash Ratio), solvency ratios (Debt to Asset Ratio and Debt to Equity Ratio), profitability ratios (Return on Assets and Return on Equity), and activity ratios (Fixed Asset Turnover and Total Asset Turnover). This research employs a quantitative descriptive approach using secondary data obtained from the company’s annual financial reports published by the Indonesia Stock Exchange (IDX). The results indicate that the company’s liquidity condition is generally good, as both the Current Ratio and Cash Ratio remain above industry standards, although cash management still shows fluctuations. From the solvency perspective, the company exhibits relatively high leverage, reflected by Debt to Asset Ratio and Debt to Equity Ratio values that exceed industry benchmarks, indicating a considerable dependence on debt financing. Profitability ratios show that Return on Assets and Return on Equity are still below industry standards, suggesting that asset utilization and returns to shareholders have not been optimal. In terms of activity ratios, Fixed Asset Turnover demonstrates very efficient use of fixed assets, while Total Asset Turnover remains low, indicating that overall asset utilization in generating sales needs improvement. Therefore, the company is expected to optimize asset management, improve capital structure, and enhance profitability to achieve more sustainable financial performance.
Co-Authors Febri Ariyantiningsih Yulia Variska Putri