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PENGARUH NPM, CR, DAN ROE TERHADAP KINERJA KEUANGAN PADA PERUSAHAAN SUB SEKTOR SOFTWARE AND IT SERVICE YANG TERDAFTAR DI BEI PADA TAHUN 2022-2024 Ananda Fazria Syahputri; Hamida Sari Siregar
JOURNAL OF SCIENCE AND SOCIAL RESEARCH Vol. 9 No. 2 (2026): April 2026
Publisher : Smart Education

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.54314/jssr.v9i2.6142

Abstract: This study aims to determine the effect of Net Profit Margin (NPM), Current Ratio (CR), and Return On Equity (ROE) both simultaneously and partially on financial performance as measured by Return On Assets (ROA) in Software and IT Service sub-sector companies listed on the Indonesia Stock Exchange (IDX) for the 2022-2024 period. The research method used is quantitative with descriptive research characteristics. The data used is secondary data in the form of annual financial statements obtained from the official IDX website with a total of 51 observation samples. The data analysis technique applied is multiple linear regression analysis using SPSS 25 software. The results showed that simultaneously, the NPM, CR, and ROE variables had a significant effect on financial performance with an F value (30.140) > F table (2.80) and a significance level of 0.000 < 0.05. Partially, the NPM and ROE variables had a positive and significant effect on financial performance, where each had a significance value of 0.000 < 0.05. Conversely, the CR variable had no significant effect on financial performance with a significance value of 0.212 > 0.05. The Coefficient of Determination R2 value indicates that the variation in financial performance can be explained by the NPM, CR, and ROE variables by 63.6%, while the remaining 36.4% is influenced by other factors outside this research model. Keywords: Net Profit Margin, Current Ratio, Return On Equity, Financial Performance Abstrak: Penelitian ini bertujuan untuk mengetahui pengaruh Net Profit Margin (NPM), Current Ratio (CR), dan Return On Equity (ROE) baik secara simultan maupun parsial terhadap kinerja keuangan yang diukur dengan Return On Assets (ROA) pada perusahaan sub sektor Software and IT Service yang terdaftar di Bursa Efek Indonesia (BEI) periode 2022-2024. Metode penelitian yang digunakan adalah kuantitatif dengan sifat penelitian deskriptif. Data yang digunakan adalah data sekunder berupa laporan keuangan tahunan yang diperoleh dari situs resmi BEI dengan total 51 sampel pengamatan. Teknik analisis data yang diterapkan adalah analisis regresi linear berganda dengan bantuan perangkat lunak SPSS 25. Hasil penelitian menunjukkan bahwa secara simultan, variabel NPM, CR, dan ROE berpengaruh signifikan terhadap kinerja keuangan dengan nilai Fhitung (30.140) > F tabel (2.80) dan tingkat signifikansi 0,000 < 0,05. Secara parsial, variabel NPM dan ROE berpengaruh positif dan signifikan terhadap kinerja keuangan, di mana masing-masing memiliki nilai signifikansi 0,000 < 0,05. Sebaliknya, variabel CR tidak berpengaruh signifikan terhadap kinerja keuangan dengan nilai signifikansi 0,212 > 0,05. Nilai Koefisien Determinasi R2 menunjukkan bahwa variasi kinerja keuangan dapat dijelaskan oleh variabel NPM, CR, dan ROE sebesar 63,6%, sedangkan sisanya sebesar 36,4% dipengaruhi oleh faktor lain di luar model penelitian ini. Kata Kunci: Net Profit Margin, Current Ratio, Return On Equity, Kinerja Keuangan

PENGARUH EPS, ROA, DAN NPM TERHADAP NILAI PERUSAHAAN PADA PERUSAHAAN SUB SEKTOR ASURANSI YANG TERDAFTAR DI BEI PERIODE 2021-2024 Novie Azzahra Tambunan; Hamida Sari Siregar
JOURNAL OF SCIENCE AND SOCIAL RESEARCH Vol. 9 No. 2 (2026): April 2026
Publisher : Smart Education

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.54314/jssr.v9i2.6143

Abstract: This study aims to determine the simultaneous and partial effect of Earning Per Share (EPS), Return On Assets (ROA), and Net Profit Margin (NPM) on Firm Value in insurance sub-sector companies listed on the Indonesia Stock Exchange. The sample size was 9 companies in the 2021-2024 period with 36 observations. The research method used was a quantitative method using multiple linear regression analysis and assisted by the SPSS 20 application. The results of the simultaneous F test showed that the variables Earning Per Share, Return On Assets and Net Profit Margin influenced Firm Value with a calculated F value (5.894) > F table (2.698) and a significance value of 0.00 < 0.05. The results of the t test showed that the variable Earning Per Share had a negative effect on Firm Value with a calculated t value (-4.017) > t table (2.03452) and a significance value of 0.00 < 0.05. The Return on Assets variable influences Firm Value, with a calculated t value (2.459) > t table (2.03452) and a significance value of 0.020 <0.05. The Net Profit Margin variable negatively influences Firm Value, with a calculated t value (-2.698) > t table (2.03452) and a significance value of 0.011 <0.05. The results of the coefficient of determination (R2) test show an adjusted R-square value of 0.296, indicating that Earnings Per Share, Return on Assets, and Net Profit Margin contribute 29.6% to Firm Value, while the remaining 70.4% is explained by factors outside this study. Keywords: Earnings Per Share, Return on Assets, Net Profit Margin, Firm Value. Abstrak: Penelitian ini bertujuan untuk mengetahui pengaruh secara simultan dan parsial Earning Per Share (EPS), Return On Asset (ROA), dan Net Profit Margin (NPM) terhadap Nilai Perusahaan pada perusahaan sub sektor asuransi yang terdaftar di Bursa Efek Indonesia. Jumlah sampel sebanyak 9 perusahaan pada periode 2021-2024 dengan jumlah 36 pengamatan. Metode penelitian yang digunakan adalah metode kuantitatif dengan menggunakan analisis regresi linier berganda serta dibantu dengan aplikasi SPSS 20. Hasil uji F secara simultan menunjukkan bahwa variabel Earning Per Share, Return On Asset dan Net Profit Margin berpengaruh terhadap Nilai Perusahaan dengan nilai Fhitung (5.894) > Ftabel (2.698) dan nilai signifikansi 0.00 < 0.05. Hasil uji t menunjukkan bahwa variabel Earning Per Share berpengaruh negatif terhadap Nilai Perusahaan dengan nilai thitung (-4.017) > ttabel (2.03452) dan nilai signifikansi 0.00 < 0.05. Variabel Return On Asset berpengaruh terhadap Nilai Perusahaan dengan nilai thitung (2.459) > ttabel (2.03452) dan nilai signifikansi 0.020 <0.05. Variabel Net Profit Margin berpengaruh negatif terhadap Nilai Perusahaan dengan nilai thitung (-2.698) > ttabel (2.03452) dan nilai signifikansi 0.011 < 0.05. Hasil uji koefisien determinasi (R2) menunjukkan nilai adjusted R square sebesar 0.296 yang berarti bahwa Earning Per Share, Return On Asset dan Net Profit Margin memberikan pengaruh sebesar 29.6% terhadap Nilai Perusahaan, sedangkan sisanya sebesar 70.4% dijelaskan oleh sebab-sebab lain diluar penelitian ini. Kata Kunci: Earning Per Share, Return On Asset, Net Profit Margin, Nilai Perusahaan

PENGARUH CURRENT RATIO, DEBT TO EQUITY RATIO DAN TOTAL ASSET TURNOVER TERHADAP RETURN ON EQUITY PADA PERUSAHAAN YANG TERDAFTAR DI JAKARTA ISLAMIC INDEX Nurul Aini; Hamida Sari Siregar
JOURNAL OF SCIENCE AND SOCIAL RESEARCH Vol. 9 No. 2 (2026): April 2026
Publisher : Smart Education

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.54314/jssr.v9i2.6147

Abstract: This study aims to analyze the effect of Current Ratio, Debt to Equity Ratio, and Total Asset Turnover on Return on Equity both simultaneously and partially in companies listed on the Jakarta Islamic Index for the 2022-2024 period. The study population was 30 companies, with a sample of 18 companies selected using a purposive sampling method, resulting in 54 observations. The analysis method used was multiple linear regression. The results showed that simultaneously, Current Ratio, Debt to Equity Ratio, and Total Asset Turnover had a significant effect on Return on Equity with a calculated Fvalue (32,555) > Ftable (2,79) and a significance value of 0,000 < 0,05. Partially, Current Ratio did not have a significant effect on Return on Equity with a calculated tvalue of 0.249 < ttable 2,00758 and a significance value of 0,804 > 0,05. The Debt to Equity Ratio has a positive and significant effect, with a calculated tvalue of 5,510 > ttable 2,00758 and a significance value of 0,00 < 0,05. Total Asset Turnover has a positive and significant effect, with a calculated tvalue of 3,514 > ttable 2,00758 and a significance value of 0,01 < 0,05. The Adjusted R Square value of 0,641 indicates that 64,1% of the variation in Return on Equity can be explained by the Current Ratio, Debt to Equity Ratio, and Total Asset Turnover, while the remaining 35,9% is explained by other variables outside the research model. Keywords: Current Ratio, Debt to Equity Ratio, Total Asset Turnover, and Return on Equity Abstrak: Penelitian ini bertujuan untuk menganalisis pengaruh Current Ratio, Debt to Equity Ratio dan Total Asset Turnover terhadap Return on Equity baik secara simultan dan parsial pada perusahaan yang terdaftar di Jakarta Islamic Index periode 2022-2024. Populasi penelitian ini 30 perusahaan, dengan sampel sebanyak 18 perusahaan yang dipilih menggunakan metode purposive sampling, sehingga diperoleh 54 pengamatan. Metode analisis yang digunakan adalah regresi linear berganda. Hasil penelitian menunjukkan bahwa secara simultan Current Ratio, Debt to Equity Ratio dan Total Asset Turnover berpengaruh signifikan terhadap Return on Equity dengan nilai Fhitung (32,555) > Ftabel (2,79) dan nilai signifikansi 0,000 < 0,05. Secara parsial, Current Ratio tidak berpengaruh signifikan terhadap Return on Equity dengan nilai thitung 0,249 < ttabel 2,00758 dan nilai signifikansi 0,804 > 0,05. Debt to Equity Ratio berpengaruh positif dan signifikan dengan nilai thitung 5,510 > ttabel 2,00758 dan nilai signifikansi 0,00 < 0,05. Total Asset Turnover berpengaruh positif dan signifikan dengan nilai thitung 3,514 > ttabel 2,00758 dan nilai signifikansi 0,01 < 0,05. Nilai Adjusted R Square adalah 0,641 menunjukkan bahwa 64,1% variasi Return on Equity yang dapat dijelaskan oleh Current Ratio, Debt to Equity Ratio dan Total Asset Turnover sedangkan sisanya 35,9% dijelaskan oleh variabel lain diluar model penelitian. Kata Kunci: Current Ratio, Debt to Equity Ratio, Total Asset Turnover dan Return on Equity

PENGARUH RETURN ON EQUITY, DEBT TO EQUITY RATIO DAN CURRENT RATIO TERHADAP KEBIJAKAN DIVIDEN PADA PERUSAHAAN SUB SEKTOR TELEKOMUNIKASI YANG TERDAFTAR DI BURSA EFEK INDONESIA Sheila; Hamida Sari Siregar
JOURNAL OF SCIENCE AND SOCIAL RESEARCH Vol. 9 No. 2 (2026): April 2026
Publisher : Smart Education

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.54314/jssr.v9i2.6151

Abstract: Debt to Equity Ratio, and Current Ratio on Dividend Policy in companies listed on the Indonesia Stock Exchange. The population consists of 22 companies, with a sample of 8 companies observed over a four-year period (2021–2024), resulting in 32 observations. The data were analyzed using multiple linear regression. The results indicate that partially, Return on Equity does not have a significant effect on Dividend Policy, as evidenced by a tvalue of 1.335, which is lower than the ttable value of 2.045. Similarly, Debt to Equity Ratio does not have a significant effect on Dividend Policy, with a tvalue of 0.408, which is also lower than the ttable value of 2.045. In contrast, Current Ratio has a significant effect on Dividend Policy, with a tvalue of 2.987, which is higher than the ttable value of 2.045. Simultaneously, Return on Equity, Debt to Equity Ratio, and Current Ratio have a significant effect on Dividend Policy, as indicated by an F-value of 3.608, which exceeds the F-table value of 2.95. The coefficient of determination shows that Return on Equity, Debt to Equity Ratio, and Current Ratio explain 20.2% of the variation in Dividend Policy, while the remaining 79.8% is explained by other variables not included in this study. Keywords: Return on Equity, Debt to Equity Ratio, Current Ratio, Dividend Policy Abstrak: Penelitian ini bertujuan untuk mengetahui pengaruh secara parsial dan simultan Return On Equity, Debt to Equity Ratio dan Current Ratio Terhadap Kebijakan Dividen pada Perusahaan yang Terdaftar di Bursa Efek Indonesia. Jumlah populasi 22 perusahaan dan sampel sebanyak 8 perusahaan dikali dengan 4 tahun pengamatan (2021-2024) menjadi 32 pengamatan. Analisis data menggunakan regresi linier berganda. Hasil penelitian menunjukkan secara parsial Return On Equity tidak berpengaruh terhadap Kebijakan Dividen dengan nilai thitung 1,335 < ttabel 2,045, Debt to Equity Ratio tidak berpengaruh terhadap Kebijakan Dividen dengan nilai thitung 0,408 < ttabel 2,045. Sedangkan Current Ratio berpengaruh teerhadap Kebijakan Dividen dengan nilai thitung 2,987 > ttabel 2,045. Secara simultan Return On Equity, Debt to Equity Ratio dan Current Ratio berpengaruh terhadap Kebijakan Dividen dengan nilai Fhitung 3,608 > Ftabel 2,95. Hasil uji koefisien determinasi Return On Equity, Debt to Equity Ratio dan Current Ratio mampu menjelaskan Kebijakan Dividen yaitu sebesar 20,2% sedangkan sisanya 79,8% dijelaskan oleh variabel lain yang tidak dijelaskan dalam penelitian ini. Kata Kunci: Return On Equity, Debt o Equity Ratio, Current Ratio, Kebijakan Dividen

PENGARUH RETURN ON ASSET (ROA), DEBT TO EQUITY RATIO (DER), DAN PRICE EARNINGS RATIO (PER) TERHADAP NILAI PERUSAHAAN SEKTOR PROPERTI DAN REAL ESTATE YANG TERDAFTAR DI BEI Syah Fitri; Hamida Sari Siregar
JOURNAL OF SCIENCE AND SOCIAL RESEARCH Vol. 9 No. 2 (2026): April 2026
Publisher : Smart Education

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.54314/jssr.v9i2.6266

Abstract: This study was conducted to test the variables of the Influence of Return On Asset (ROA), Debt To Equity Ratio (DER) and Price Earning Ratio (PER) on the Value of Property and Real Estate sector companies listed on the IDX. With a sample of 11 companies, 3 years 2022-2024 with a total of 33 observations, quantitative research methods and using multiple linear regression. The results of the partial t-test of the Return On Asset variable have a significant effect on company value with a calculated t value> t table (7.119> 2.04227) and a significance value (0.000 <0.05), while the Debt To Equity Ratio has a significant effect on company value with a calculated t value> t table (6.705> 2.04227) and a significance value (0.000 <0.05), and the Price Earning Ratio does not have a significant effect on Company Value with a calculated t value <t table ( 1.788 < 2.04227) and significance value (0.84 > 0.05). The results of the simultaneous F test of the variables Return On Asset, Debt To Equity Ratio and Price Earning Ratio significantly influence the Company Value. producing a calculated F value> Ftable (25.013> 2.93) and a significance value (0.000 < 0.05). R2 test, the adjusted R Square value or coefficient of determination is 0.692 or 69.2%, meaning that the ability of the variables Return On Asset, Debt To Equity Ratio and Price Earning Ratio in explaining the Company Value is classified as strong, namely 69.2%, while the remaining 30.8% is explained by other factors outside the regression model. Keywords: Return On Asset (ROA), Debt To Equity Ratio (DER), Price Earning Ratio (PER), Dan Company Value Abstrak: Penelitian ini dilakukan untuk menguji variabel Pengaruh Return On Asset (ROA), Debt To Equity Ratio (DER) dan Price Earning Ratio (PER) terhadap Nilai perusahaan sektor Properti dan Real Estate yang terdaftar di BEI. Dengan jumlah sampel 11 perusahaan, 3 tahun 2022-2024 dengan jumlah 33 pengamatan, Metode penelitian kuantitaif serta menggunakan regresi linear berganda. Hasil Uji t secara parsial variabel Return On Asset berpengaruh signifikansi terhadap nilai perusahaan dengan nilai thitung > ttabel ( 7,119 > 2,04227 ) dan nilai signifikansi ( 0,000 < 0,05 ), sedangkan Debt To Equity Ratio berpengaruh signifikansi terhadap nilai perusahaan dengan nilai thitung > ttabel ( 6,705 > 2,04227 ) dan nilai signifikansi ( 0,000 < 0,05 ), dan Price Earning Ratio tidak berpengaruh signifikan terhadap Nilai Perusahaan dengan nilai thitung < ttabel ( 1,788 < 2,04227 ) dan nilai signifikansi ( 0,84 > 0,05). Hasil Uji F secara simultan variabel Return On Asset, Debt To Equity Ratio dan Price Earning Ratio berpengaruh secara signifikansi terhadap Nilai Perusahaan. Menghasilkan nilai Fhitung >Ftabel (25.013 > 2,93) dan nilai signifikansi (0,000 < 0,05).Uji R2, nilai adjusted R Square atau koefisien determinasi 0,692 atau 69,2% artinya kemampuan variabel Return On Asset, Debt To Equity Ratio dan Price Earning Ratio dalam menjelaskan Nilai Perusahaan tergolong kuat yaitu 69,2% sedangkan sisanya 30,8% dijelaskan oleh faktor lain diluar model regresi. Kata Kunci: Return On Asset (ROA), Debt To Equity Ratio (DER), Price Earning Ratio (PER), Dan Nilai Perusahaan

PENGARUH LEVERAGE, PROFITABILITAS DAN DEBT TO EQUITY RATIO (DER) TERHADAP NILAI PERUSAHAAN PADA PERUSAHAAN SUBEKTOR KOSMETIK DAN KEPERLUAN RUMAH TANGGA YANG TERDAFTAR DI BEI Hamida Sari Siregar; Anggun Pratiwi
JOURNAL OF SCIENCE AND SOCIAL RESEARCH Vol. 9 No. 2 (2026): April 2026
Publisher : Smart Education

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.54314/jssr.v9i2.6636

Abstract: This study aims to determine the simultaneous and partial effects of DAR, ROA, and DER on Firm Value (Price-to-Book Value) in cosmetics and household goods companies listed on the Indonesia Stock Exchange (IDX). The sample consists of 8 companies over the 2019–2023 period, resulting in 40 observations. The study employs a quantitative research method and multiple linear regression analysis. The F-test results indicate that DAR, ROA, and DER simultaneously influence Price-to-Book Value (PBV), with an F-calculated value (55.712) exceeding the F-table value (2.87). The t-test results show that DAR has a negative effect on PBV (-t-calculated -3.383 < -t-table -2.02809), ROA has a positive effect on PBV (t-calculated 2.329 > t-table 2.02809), and DER has a negative effect on PBV (-t-calculated -5.515 < -t-table -2.0809). The R² test yields an adjusted R-square value of 0.808, meaning that 80.8% of the variation in PBV is explained by the three independent variables (DAR, ROA, and DER), while the remaining 19.2% is explained by variables outside this research model. Keywords: DAR, ROA, DER, and PBV Abstrak: Penelitian ini bertujuan untuk mengetahui pengaruh secara simultan dan parsial DAR, ROA, dan DER Terhadap Nilai Perusahaan (Price To Book Value) Pada Perusahaan Kosmetik Dan Keperluan Rumah Tangga Yang Terdaftar Di BEI. Jumlah sampel 8 perusahaan pada periode 2019 – 2023 dengan jumlah 40 pengamatan. Metode penelitian kuantitatif serta menggunakan regresi linier berganda. Hasil Uji F secara simultan variabel DAR, ROA dan DER berpengaruh terhadap Price To Book Value (PBV) dengan nilai Fhitung (55.712) > Ftabel (2.87). Hasil Uji t, variabel DAR berpengaruh negatif terhadap Price To Book Value (PBV) dengan nilai -thitung (-3 383) < -ttabel (-2.02809), variabel ROA berpengaruh positif terhadap Price To Book Value (PBV) dengan nilai thitung (2.329) > ttabel (2.02809), dan variabel DER berpengaruh negatif terhadap Price To Book Value (PBV) dengan nilai -thitung (-5.515) < -ttabel (-2.0809). Uji R2, nilai adjusted R square adalah sebesar 0.808 artinya 80.8 % variabel Price To Book Value (PBV) yang bisa dijelaskan oleh variasi dari ketiga variabel independen yaitu DAR, ROA dan DER sedangkan sisanya 19.2 % dijelaskan oleh variabel lain diluar model penelitian ini. Kata Kunci: DAR, ROA, DER Dan PBV

PENGARUH DIVIDEND PAYOUT RATIO (DPR), DEBT TO EQUITY RATIO (DER) DAN EARNING PER SHARE (EPS) TERHADAP NILAI PERUSAHAAN PADA SUB SEKTOR INDUSTRIAL GOODS YANG TERDAFTAR DI BURSA EFEK INDONESIA Aprilia Wulandari Br Lumban Tobing; Hamida Sari Siregar
JOURNAL OF SCIENCE AND SOCIAL RESEARCH Vol. 9 No. 2 (2026): April 2026
Publisher : Smart Education

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.54314/jssr.v9i2.6676

Abstract: This study aims to determine the partial and simultaneous influence of Dividend Payout Ratio (DPR), Debt to Equity Ratio (DER) and Earning Per Share (EPS) on Company Value in the Industrial Goods Sub-Sector listed on the Indonesia Stock Exchange. The number of samples of 10 companies in the 2022-2024 period with a total of 30 observations. Data analysis used multiple linear regression. The results of the t-test, partially of the DPR had a negative effect on the Company's Value with a value -t_hitung of (-3.539) < (-2.05183) t tabel and a significance of 0.002 < 0.05. DER partially had no effect on the Company's Value with a value of 0.026 t hitung < 2.05183 t tabel with a significance value of 0.980 > 0.05. Meanwhile, EPS partially had a negative effect on Company Value with a value -t_hitung of (-3.862) < (-2.05183) and a significance of 0.002 < 0.05. Meanwhile, the results of the F test simultaneously show that the variables DPR, DER and EPS have an effect on the Company's Value with an F value f hitung of 6.144 > 2.98 Ftables and a significance value of 0.003< 0.05. The R2 test, the Adjusted R Square value produced a value of 0.347, meaning that the correlation of all independent variables consisting of Dividend Payout Ratio, Debt to Equity Ratio and Earning Per Share to the dependent variable, namely the company value was 34.7% while the remaining 65.3% was influenced by other factors that were not included in this research model. Keywords: Dividend Payout Ratio, Debt To Equity Ratio, Earning Per Share, Company Values Abstrak: Penelitian ini bertujuan untuk mengetahui pengaruh secara parsial dan simultan Dividend Payout Ratio (DPR), Debt To Equity Ratio (DER) Dan Earning Per Share (EPS) Terhadap Nilai Perusahaan Pada Sub Sektor Industrial Goods Yang Terdaftar Di Bursa Efek Indonesia. Jumlah sampel 10 perusahaan pada periode 2022-2024 dengan jumlah pengamatan 30 pengamatan. Analisis data menggunakan regresi linear berganda. Hasil uji t, secara parsial DPR berpengaruh secara negatif terhadap Nilai Perusahaan dengan nilai -t_hitung (-3,539) < -t_tabel (-2,05183) dan signifikansi sebesar 0,002 < 0,05. DER secara parsial tidak berpengaruh terhadap Nilai Perusahaan dengan nilai t_hitung 0,026 < 2,05183 t_tabel dengan nilai signifikansi sebesar 0,980 > 0,05. Sedangkan EPS secara parsial berpengaruh secara negatif terhadap Nilai Perusahaan dengan nilai -t_hitung (-3,862) < -t_tabel (-2,05183) dan signifikansi sebesar 0,001 < 0,05. Sedangkan hasil uji F secara simultan bahwa variabel DPR, DER dan EPS berpengaruh terhadap Nilai Perusahaan dengan nilai Fhitung 6,144 > 2,98 Ftabel dan nilai signifikansi 0,003< 0,05. Uji R2, nilai Adjusted R Square menghasilkan nilai 0,347 artinya korelasi seluruh variabel independen yang terdiri Dividend Payout Ratio, Debt to Equity Ratio dan Earning Per Share terhadap variabel dependen yaitu nilai perusahaan adalah sebesar 34,7% sedangkan sisanya 65,3% dipengaruhi oleh faktor-faktor lain yang tidak dimasukkan dalam model penelitian ini. Kata kunci: Dividend Payout Ratio, Debt To Equity Ratio, Earning Per Share, Nilai Perusahaan

PENGARUH DEBT TO EQUITY RATIO, DEBT TO ASSET RATIO DAN CURRENT RATIO TERHADAP KINERJA KEUANGAN PADA PERUSAHAAN SUB SEKTOR PERBANKAN YANG TERDAFTAR DI BEI Ardella Anggraini Simanjuntak; Hamida Sari Siregar
JOURNAL OF SCIENCE AND SOCIAL RESEARCH Vol. 9 No. 2 (2026): April 2026
Publisher : Smart Education

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.54314/jssr.v9i2.6677

Abstract: This study aims to determine the partial and simultaneous influence of Debt to Equity Ratio, Debt to Asset Ratio and Current Ratio on Financial Performance in Banking Sub-Sector Companies Listed on the Indonesia Stock Exchange. The number of population samples of 48 companies and samples of 15 companies multiplied by 3 observation years 2022-2024 to 45 samples. However, from the 40 samples, 3 samples were found from outlier observations so that they were eliminated as samples, then data was obtained as many as 42 samples. Data analysis using Multiple Linear Regression. The results of the t-test, partially the Debt to Equity Ratio had a positive effect on financial performance with a tcal value of 2.331 > ttable 2.022 and a significance of 0.025 < 0.05. Debt to Asset Ratio partially has a negative effect on Financial Performance with a value of -tcal (-3.120) < -ttable (-2.022) with a significance value of 0.003 < 0.05. Meanwhile, the Current Ratio has a negative effect on financial performance with a value of -tcal (-3.498) < -ttable (-2.022) with a significance value of 0.001 < 0.05. Meanwhile, the results of the F Test simultaneously show that the Debt to Equity Ratio, Debt to Asset Ratio, and Current Ratio variables have an effect on Financial Performance with a Calculation value of 6.768 > 2.85 F and a significance value of 0.001 < 0.005. The R2 test, the Adjusted R Square value produced a value of 0.297, meaning that the correlation of all independent variables consisting of Debt to Equity Ratio, Debt to Asset Ratio, and Current Ratio to the dependent variable, namely financial performance, was 29.7% while the remaining 70.3% was influenced by other factors that were not included in this research model. Keywords: Debt to Equity Ratio, Debt To Equity Ratio, Current Ratio, Financial Performance Abstrak: Penelitian ini bertujuan untuk mengetahui pengaruh parsial dan simultan dari Debt to Equity Ratio, Debt to Asset Ratio dan Current Ratio terhadap Kinerja Keuangan pada Perusahaan Sub Sektor Perbankan yang Terdaftar di Bursa Efek Indonesia. Jumlah sampel penduduk 48 perusahaan dan sampel 15 perusahaan dikalikan 3 tahun observasi 2022-2024 menjadi 45 sampel. Namun, dari 40 sampel tersebut, ditemukan 3 sampel dari pengamatan outlier sehingga dieliminasi sebagai sampel, kemudian diperoleh data sebanyak 42 sampel. Analisis data menggunakan Regresi Linier Berganda. Hasil uji t, sebagian Debt to Equity Ratio berpengaruh positif terhadap kinerja keuangan dengan nilai thitung 2,331 > ttabel 2,022 dan signifikansi 0,025 < 0,05. Debt to Asset Ratio berpengaruh negatif terhadap Kinerja Keuangan dengan nilai -thitung (-3,120) < -ttable (-2,022) dengan nilai signifikansi 0,003 < 0,05. Sementara itu, Current Ratio berpengaruh negatif terhadap kinerja keuangan dengan nilai -thitung (-3,498) < -ttable (-2,022) dengan nilai signifikansi 0,001 < 0,05. Sementara itu, hasil Uji F secara simultan menunjukkan bahwa variabel Debt to Equity Ratio, Debt to Asset Ratio, dan Current Ratio berpengaruh terhadap Kinerja Keuangan dengan nilai Perhitungan 6,768 > 2,85 F dan nilai signifikansi 0,001 < 0,005. Uji R2, nilai R Square yang Disesuaikan menghasilkan nilai 0,297, artinya korelasi seluruh variabel independen yang terdiri dari Debt to Equity Ratio, Debt to Asset Ratio, dan Current Ratio terhadap variabel dependen yaitu kinerja keuangan sebesar 29,7% sedangkan sisanya 70,3% dipengaruhi oleh faktor lain yang tidak termasuk dalam model penelitian ini. Kata kunci: Rasio Utang Terhadap Ekuitas, Rasio Utang Terhadap Ekuitas, Rasio Lancar, Kinerja Keuangan

PENGARUH RETURN ON ASSET (ROA), GROSS PROFIT MARGIN (GPM) DAN NET PROFIT MARGIN (NPM) TERHADAP HARGA SAHAM PADA PERUSAHAAN PERTAMBANGAN YANG TERDAFTAR DI BURSA EFEK INDONESIA (BEI) Arti Syahfitri; Hamida Sari Siregar
JOURNAL OF SCIENCE AND SOCIAL RESEARCH Vol. 9 No. 2 (2026): April 2026
Publisher : Smart Education

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.54314/jssr.v9i2.6678

Abstract: This study aims to analyze the simultaneous and partial effects of Return on Assets (ROA), Gross Profit Margin (GPM), and Net Profit Margin (NPM) on Stock Prices in Mining Companies Listed on the Indonesia Stock Exchange (IDX). The data used are secondary data. The sample consisted of 25 companies during the 2023–2025 period, resulting in 75 observations. The research employed a quantitative method using multiple linear regression analysis. The results of the F-test showed that ROA, GPM, and NPM simultaneously have a significant effect on Stock Prices with an Fcount value of 3.821 > Ftable 2.73. The results of the t-test showed that ROA has a positive and significant effect on Stock Prices with a tcount value of 2.979 > ttable 1.99346. GPM does not have a significant effect on Stock Prices with a -tcount value of -1.643 > -ttable -1.99346. Meanwhile, NPM has a positive and significant effect on Stock Prices with a tcount value of 2.227 > ttable 1.99346. The Adjusted R Square value is 0.103, which means that 10.3% of the variation in Stock Prices can be explained by ROA, GPM, and NPM, while the remaining 89.7% is influenced by other variables outside the research model. Keywords: Return on Assets, Gross Profit Margin, Net Profit Margin, Stock Prices Abstrak: Penelitian ini bertujuan untuk mengetahui pengaruh secara simultan dan parsial Return On Asset (ROA), Gross Profit Margin (GPM) dan Net Profit Margin (NPM) Terhadap Harga Saham Pada Perusahaan Pertambangan Yang Terdaftar di Bursa Efek Indonesia (BEI). Jumlah sampel 25 perusahaan pada periode 2023 – 2025 dengan jumlah 75 pengamatan. Metode penelitian kuantitatif serta menggunakan regresi linier berganda. Hasil Uji F secara simultan variabel ROA, GPM dan NPM berpengaruh terhadap Harga Saham dengan nilai Fhitung (3.821) > Ftabel (2.73). Hasil Uji t, variabel ROA berpengaruh positif terhadap Harga Saham dengan nilai thitung (2.979) > ttabel (1.99346), variabel GPM tidak berpengaruh terhadap Harga Saham dengan nilai -thitung (-1.643) > -ttabel (-1.99346) dan variabel NPM berpengaruh positif terhadap Harga Saham dengan nilai thitung (2.227) > ttabel (1.99346). Uji R2, nilai adjusted R square adalah sebesar 0.103 artinya 10.3 % variabel Harga Saham yang bisa dijelaskan oleh variasi dari ketiga variabel independen yaitu ROA, GPM dan NPM sedangkan sisanya 89.7 % dijelaskan oleh variabel lain diluar model penelitian ini. Kata kunci: Return on Assets, Gross Profit Margin, Net Profit Margin, Harga Saham

PENGARUH RETURN ON ASSETS (ROA), RETURN ON EQUITY (ROE), DEBT TO EQUITY RATIO (DER) TERHADAP NILAI PERUSAHAAN PADA PERUSAHAAN SEKTOR BASIC MATERIAL YANG TERDAFTAR DI BURSA EFEK INDONESIA Fita Rizki; Hamida Sari Siregar
JOURNAL OF SCIENCE AND SOCIAL RESEARCH Vol. 9 No. 2 (2026): April 2026
Publisher : Smart Education

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.54314/jssr.v9i2.6679

Abstract: This study aims to analyze the effect of Return on Assets (ROA), Return on Equity (ROE), and Debt to Equity Ratio (DER) on firm value in Basic Materials sector companies listed on the Indonesia Stock Exchange during the period 2021–2023. Firm value is proxied by Price to Book Value (PBV). The data used are secondary data obtained from annual financial statements. The sample consisted of 15 companies over a three-year observation period (2021–2023), resulting in 45 observations selected using purposive sampling. The analysis technique used was multiple linear regression analysis along with classical assumption tests. The results showed that partially, Return on Assets (ROA), Return on Equity (ROE), and Debt to Equity Ratio (DER) do not have a significant effect on firm value, with significance values of 0.641, 0.248, and 0.644 (>0.05), respectively. Simultaneously, ROA, ROE, and DER have a significant effect on firm value, with an Fcount value of 3.664 > Ftable 2.83 and a significance value of 0.020 < 0.05. The Adjusted R Square value is 0.154, which means that 15.4% of the variation in firm value can be explained by ROA, ROE, and DER, while the remaining 84.6% is influenced by other variables outside the research model. Keywords: Return on Assets, Return on Equity, Debt to Equity Ratio, Firm Value, Price to Book Value Abstrak: Penelitian ini bertujuan untuk menganalisis pengaruh Return on Assets (ROA), Return on Equity (ROE), dan Debt to Equity Ratio (DER) terhadap nilai perusahaan pada perusahaan sektor Basic Materials yang terdaftar di Bursa Efek Indonesia periode 2021–2023. Nilai perusahaan diproksikan dengan Price to Book Value (PBV). Data yang digunakan adalah data sekunder yang diperoleh dari laporan keuangan tahunan. Sampel penelitian terdiri dari 15 perusahaan dengan masa pengamatan selama 3 tahun (2021–2023) sehingga diperoleh 45 pengamatan yang dipilih menggunakan teknik purposive sampling. Teknik analisis yang digunakan adalah analisis regresi linier berganda dengan uji asumsi klasik. Hasil penelitian menunjukkan bahwa secara parsial, Return on Assets (ROA), Return on Equity (ROE), dan Debt to Equity Ratio (DER) tidak berpengaruh signifikan terhadap nilai perusahaan dengan nilai signifikansi masing-masing sebesar 0,641; 0,248; dan 0,644 (>0,05). Namun secara simultan, ROA, ROE, dan DER berpengaruh signifikan terhadap nilai perusahaan dengan nilai Fhitung 3,664 > Ftabel 2,83 dan nilai signifikansi 0,020 < 0,05. Nilai Adjusted R Square sebesar 0,154 yang berarti bahwa 15,4% variasi nilai perusahaan dapat dijelaskan oleh ROA, ROE, dan DER, sedangkan 84,6% dipengaruhi oleh variabel lain di luar model penelitian. Kata kunci: Return on Assets, Return on Equity, Debt to Equity Ratio, Nilai Perusahaan, Price to Book Value

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