Article Per Year (5 Year)
p-Index From 2021 - 2026
0.23
P-Index
This Author published in this journals
All Journal Al-Kharaj: Journal of Islamic Economic and Business
Abdullah, Muhammad Rasyid Ridho
Unknown Affiliation
Economics, Econometrics & Finance

Published : 1 Documents Claim Missing Document
Claim Missing Document
Check
Articles

Found 1 Documents
Search

 1 
The Influence of Return on Assets (ROA), Total Assets Turnover (TATO), Debt to Equity Ratio (DER), and Earnings per Share (EPS) on Stock Returns: A Case Study of the Oil and Gas Industry Listed on the Indonesia Stock Exchange for the 2019–2023 Period Abdullah, Muhammad Rasyid Ridho; Dwi Urip Wardoyo
Al-Kharaj: Journal of Islamic Economic and Business Vol. 7 No. 4 (2025): All articles in this issue include authors from 3 countries of origin (Indonesi
Publisher : LP2M IAIN Palopo

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.24256/kharaj.v7i4.8537

Abstract

One of the main considerations for investors in the capital market is obtaining an optimal stock return, as stock returns reflect market perceptions of a company’s performance and future prospects. This study aims to examine how Return on Assets (ROA), Total Assets Turnover (TATO), Debt to Equity Ratio (DER), and Earnings per Share (EPS) influence stock returns in oil and gas companies listed on the Indonesia Stock Exchange during the 2019–2023 period. A quantitative method with a descriptive approach was applied. The research population consisted of oil and gas companies registered on the exchange within the specified period. Using a purposive sampling technique, 16 companies met the criteria, producing a total of 80 observational data points. Data analysis was conducted using panel data regression through EViews 12. The findings indicate that ROA, TATO, DER, and EPS jointly have a significant effect on stock returns. However, in the partial analysis, only ROA demonstrates a positive and significant influence on stock returns, while TATO, DER, and EPS do not show significant effects. These results highlight that profitability, as represented by ROA, plays a more dominant role in determining stock return movements in the oil and gas sector
Co-Authors Dwi Urip Wardoyo