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Journal : Economics and Digital Business Journal

The Effect of Liquidity, Solvency, Profitability, and Activity on Company Value: Empirical Study on Tourism and Recreation Subsector Companies Listed on the Indonesia Stock Exchange for the Period 2018-2022 Wahyuni, Hesti; Said, Said
Economics and Digital Business Journal Vol. 2 No. 1 (2025): ECODIG
Publisher : CNPLUS Publisher

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Abstract

ABSTRACT This research aims to determine the effect of current ratio, debt to equity ratio, net profit margin, and total assets turnover on the value of tourism and recreation subsector companies listed on the Indonesia Stock Exchange for the period 2018-2022. The data used in this research is secondary data in the form of financial reports of tourism and recreation subsector companies listed on the Indonesia Stock Exchange for the period 2018-2022. The sampling technique used was purposive sampling method based on specific criteria, resulting in a sample of 11 out of 19 companies. The analytical method used is multiple linear regression analysis and tested using the Statistical Package for the Social Science (SPSS) version 25 program. The research results show that the variables current ratio, debt to equity ratio, and total assets turnover have a positive and significant effect on company value. Meanwhile, net profit margin does not have a significant influence on company value.
Co-Authors Adawiyah, Rabbiatul Adi Sulistiyono Adna, Serafina Gebria Adytia, Nur Amalina Putri Affan, Muhammad Ali Mustofa Ali Sandy Mulya, Ali Sandy Amnesi, Tobi Bintario Ananda, Rita Andayani, Lies Aqila, Muzhaffar Fikri Aris Wahyu Kuncoro Arsa, Yudi Asmaidi Asmaidi Astuti, Saputri Auliya Rahman Auranisa, Laras A’yun, Qonita Qurrota Boediono Boediono Chiapara, Ineke Daniel Happy Putra Desi, Regina Desy Anggraeni Desy Mariani Dewi Siska, Dewi Dimas Raditya Dwi Kristanto Dwi Sogi Sri Redjeki DWI SURYANTO Eka Damayanti Eliza, Elenne Mardatry Elsa Tri Mukti Elvita, Melati Emy Setyaningsih Eshariyani, Eshariyani Fachriansyah, Chairul Fauzi, Andri Azmul Fidia Deny Tisna Amijaya Forbes, Hendy Hansen Gunawan Gunawan Gusfandi, Faishal Hakim, Astrid Dita Meirina HANNA ARTUTI EKAMAWANTI HARIYANTO HARIYANTO Harmastuti - Heri Azwansyah Hesti Wahyuni, Hesti Ica, Mariani Idris Idris Ikawati, Prisma Indayati, Indayati Indigo, Joerka Wednesday Inong, Paramitha Ipmawan, Hasan Isa, Syahid Muhammad Jesnita, Jesnita Joko Sutrisno Jusmansyah, Muhamad Kadarini, S. Nurlaily Karlina, Berlian Kasmawati, Yuni Koen Hendrawan Kurnia, Fachri Viryanda Marini . Mayuni , Siti MISYKAT MALIK IBRAHIM Muhammad Ikhsan Nababan, Rina Noviana Oktavia, Fairuuz Ghina Pakpahan, Maruji Pambuko Naryoto Pratiwi, Sarah Purwansih, Deta Mardiana Putri, Desi Febriani Rahmi, Agustina Raming, Indriasri Ratna Herawatiningsih Rizki, Devi Novalia Rosul, Rosul S Nurlaily Kadarini Sabariah Sabariah Safitri, Thania Aulia Salahuddin Salahuddin Sandariria, Hardina Setia Hadi Setiabudi, Andi Dwi Setiawan, Vebri Agus Siagian, Rita Apriliyani Siti Mayuni Slamet Widodo Suparmoko, Yuphi Handoko Supriyanto, Muhsin Syabirin, Syabirin Syah, Muhammad Jusman Syaripuddin Syaripuddin Tju, Teja Endra Eng Tullah, Rahmat Tumilaar, Rinancy Vildayanti, Rina Ayu Wachdin, Syarif Zakaria Said Wasono, Wasono Wicaksana, Bagia Widayanti, Riris Dwi Widia, Regina Wigantono, Sri Wulandari, Andastari Yolanda, Antonia