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The Effect of Current Ratio and Return on Assets on Stock Returns for Telecommunications Companies Listed on the Indonesian Stock Exchange (IDX) from 2019 To 2024 Sopi Nuraeni; Dheri Febiyani Lestari
Jurnal Manajemen dan Profesional Vol. 7 No. 2 (2026): Jurnal Jpro
Publisher : Program Studi Manajemen Institut Teknologi dan Bisnis Asia Malang

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.32815/jpro.v7i2.3002

Abstract

This study aims to analyze the effect of the Current Ratio (CR) and Return on Assets (ROA) on stock returns in telecommunications sector companies listed on the Indonesia Stock Exchange during the 2019–2024 period. The study uses a quantitative method with secondary data obtained from company financial statements and stock prices. The research sample was determined using purposive sampling techniques and analyzed through multiple linear regression. The results of the study indicate that the Current Ratio has a negative and significant effect on stock returns, while Return on Assets has a positive and significant effect on stock returns. Simultaneously, both variables have a significant effect on stock returns. This study shows that liquidity and profitability are important factors in investor considerations.
Co-Authors Ade Imam Adelia Nuraeni Adi Muhammad Nur Ihsan Aditia Abdurachman Agustian, Aldy Agustina, Gina Ahmad Faqih Farizi Ahmad, Wildanul Hakim Ai Kulsum Aldy Agustian Alfin Nur Arifah Alfin Amin Ma’rup Annisa Ciptaagustia Anwar Fauzi Ardhiansyah Ardhiansyah Arif Muhamad Nurdin Azmilah Hapidhatur Rahmah Barin Barlian Chairunnisa, Siti Deden Hikmah Aidil Fitri Della Apriani Della Apriani Dila Iklima Dwiana Fitria Azhari Elisha Oktapiyana Fadilah, Ridwan Geni Nurfadilah Halimatul Sayyidah Halimatul Sayyidah Heidi Siddiqa Heidi Siddiqa Heidi Siddiqa Heidi Siddiqa Herdian Muhammad Ramadhan Herdiyanti Herdiyanti, Herdiyanti Ika Sartika Ikhfani Agustin Islamia Risalsya Syawali Isyana Rahayu Isyana Rahayu Isyana Rahayu, Isyana Jaenudin, Ujang Eri Khairani, Nisha Kamilla Laelatul Farida Latipah Amaliah Luthfi Fathul Ba'ari Luthfi Fathul Ba'ari Marni Marto Silalahi Media Aditia Abdurachman1 Melfa Sita Azzahra Mia Kristia Mimah Sukmawati Miranda Maryam Mochamad Taopik Nur Rohman Moh Luthfi Widya Direja Mohamad Yogi Nugraha Muhamad Risal Tawil Muhamad Zulfikar Bintang Satrio Muhammad Irsyad Elfin Mujtaba Mustopa Kamil Naya Cahyani Neng Dea Ananda Lusiana Ngurah Pandji Mertha Agung Durya Nova Samrotul Nurfadilah, Geni Nurherawati Nurherawati Nurlaila, Fitri Nurmalinda, Sinta Yuli Nursamsi, Dede Rizal Nurul Nuraeni Raisa Hillia Aini Syifa Ramdani Al Falah Ramdani Al Falah Ratnawita Ratnawita Rian Fauzan Ridwan Fadilah Rifan Nasir Purwanto Rima Anjani Rina Agna Nurmaliah Rina Madyasari Risa Asti Nur Fadilah Riza Amalia Rizky Ridwan Rudi Kurniawan Siddiqa, Heidi Sinta Septiani Sopi Nuraeni Sri Rahmani Sudiarti, Sri Syifa Aenun Naja Taupik Akbar Viska Putria Ananda Viska Putria Ananda Yudi Setia Rachmanda