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Pengaruh Current Ratio, Debt to Equity Ratio, Return on Asset dan Total Asset Turnover terhadap Nilai Perusahaan: Studi Empiris pada Perusahaan Sub Sektor Food and Beverage yang Terdaftar di Bursa Efek Indonesia Periode 2023–2025 Nataya Aurell Dea
Jurnal Inovasi Manajemen, Kewirausahaan, Bisnis dan Digital Vol. 3 No. 3 (2026): Agustus: Jurnal Inovasi Manajemen, Kewirausahaan, Bisnis dan Digital
Publisher : Asosiasi Riset Ilmu Manajemen dan Bisnis Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.61132/jimakebidi.v3i3.1498

Abstract

The purpose of this study is to examine the effect of Current Ratio (CR), Debt to Equity Ratio (DER), Return on Asset (ROA), and Total Asset Turnover (TATO) on Firm Value, which is proxied by Tobin's Q. The population of this study consists of food and beverage sub-sector companies listed on the Indonesia Stock Exchange (IDX) during the period 2023–2025, Totaling 83 companies.The sampling technique used was purposive sampling, resulting in 46 companies being selected as research sampling. The data were analyzed using multiple linear regression analysis with the assistance of the Statistical Package for the Social Sciences (SPSS) software. Partial results showed that Return on Asset (ROA) has a positive and significant effect on Firm Value, while Current Ratio (CR), Debt to Equity Ratio (DER), and Total Asset Turnover (TATO) have no significant effect on Firm Value. These findings suggest that profitability is the main factor considered by investors in assessing food and beverage sub-sector companies during the research period.