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All Journal Jurnal Akuntansi dan Keuangan West Science JISEF : Journal Of International Sharia Economics And Financial
Muhammad Fajar Alamsyah Razak
Sekolah Tinggi Ilmu Ekonomi Enam-Enam Kendari
Decision Sciences, Operations Research & Management Economics, Econometrics & Finance Environmental Science Industrial & Manufacturing Engineering Social Sciences

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THE ROLE OF FINANCIAL PERFORMANCE ON STOCK PRICES: AN EMPIRICAL STUDY OF BASIC MATERIALS COMPANIES LISTED ON THE INDONESIAN STOCK EXCHANGE 2022 - 2024 Muhammad Fajar Alamsyah Razak; Anida Almira Syahid; Muhammad Sabrian Oehoedoe; Mohammad Shiddiq; Anisah Nadya Ananta; Nur Patmasari
JISEF : Journal Of International Sharia Economics And Financial Vol 5 No 1 (2026): JISEF : Journal Of International Sharia Economics and Financial
Publisher : Pusat Studi Ekonomi, Publikasi Ilmiah dan Pengembangan SDM

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.62668/jisef.v5i1.2724

Abstract

This study examines the effect of financial performance, measured by Return on Assets (ROA), Return on Equity (ROE), and Debt to Equity Ratio (DER), on the stock prices of Basic Materials companies listed on the Indonesia Stock Exchange during 2022–2024. A quantitative approach was applied using secondary data from annual reports and stock price records. Purposive sampling produced 77 companies and 231 observations. Stock price, measured using the natural logarithm of the closing price, was analyzed through multiple linear regression. The results show that ROA has a positive and significant effect on stock prices, indicating that effective asset utilization strengthens investor confidence. Meanwhile, ROE and DER have no significant partial effect on stock prices. However, ROA, ROE, and DER simultaneously significantly affect stock prices. The study concludes that financial performance influences stock prices, primarily through asset management efficiency. Future studies may include additional financial and macroeconomic variables.
Analisis Rasio Keuangan Pada Perusahaan PT. Industri Jamu dan Farmasi Sido Muncul Tbk. Muhammad Fajar Alamsyah Razak; Nur Patmasari; Anida Almira Said; Muhammad Sabrian Oehoedoe; Mohammad Shiddiq
Jurnal Akuntansi Dan Keuangan West Science Vol 5 No 01 (2026): Jurnal Akuntansi dan Keuangan West Science
Publisher : Westscience Press

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.58812/jakws.v5i01.3124

Abstract

Pandemi covid-19 berdampak pada seluruh sektor ekonomi, sehingga perusahaan harus memiliki kinerja keuangan yang efisien agar dapat dinilai sebagai perusahaan. Penelitian ini bertujuan untuk menilai kinerja keuangan perusahaan PT. Industri Jamu dan Farmasi Sido Muncul Tbk. Dengan menggunakan rasio keuangan likuiditas, profitabilitas, solvabilitas, dan aktivitas pada tahun 2016-2020. Hasil penelitian ini berdasarkan rasio likuiditas yang diwakilkan dengan quick ratio dan working capital to total asset berada dalam kondisi keuangan yang likuid. Rasio profitabilitas yang di diwakilkan oleh rasio  net profit margin berada dalam kondisi yang sangat bagus sedangkan earning per share berada di bawah rata-rata perusahaan sejenis. Rasio solvabilitas yang diwakilkan oleh long term debt to equity ratio berada dalam kondisi yang sangat baik dan dikategorikan solvable. Rasio aktivitas yang diwakilkan working capital turnover berada dalam kondisi yang sangat baik karena terus mengalami perkembangan dalam 5 tahun terakhir begitu juga dengan rasio inventory turnover berada dalam kondisi yang sangat baik.
Co-Authors Anida Almira Said Anida Almira Syahid Anisah Nadya Ananta Mohammad Shiddiq Mohammad Shiddiq Muhammad Sabrian Oehoedoe Muhammad Sabrian Oehoedoe Nur Patmasari Nur Patmasari