Fin Synergy: Jurnal Manajemen Keuangan
Vol 3 No 2 (2025): Fin Synergy: Jurnal Manajemen Keuangan

The Effect Of Return On Asset (ROA) And Debt To Equity Ratio (DER) On Stock Prices At Pt Gajah Tunggal Tbk 2013-2023 Period

Aisyah, Aisyah (Unknown)
Nurcahayati, Siti (Unknown)



Article Info

Publish Date
01 Jan 2026

Abstract

This study aims to determine the extent of the influence of Return on Assets (ROA) and Debt to Equity Ratio (DER) partially and simultaneously on Stock Prices at PT Gajah Tunggal Tbk for the period 2013-2023. This study uses secondary data by utilizing financial reports of profitability and solvency ratios. Based on the results of this study using the t-test, it shows that this study proves that Return on Assets (ROA) partially has no significant effect on Stock Prices. This is evidenced by the calculated t value being smaller than the t-table (-0.344 < 2.306) and the sig value being greater than the significance level (0.740 > 0.050). However, Debt to Equity Ratio (DER) partially has a significant effect on Stock Prices. This can be evidenced by the calculated t value being greater than the t-table or (2.432 > 2.306) and the sig value being smaller than the significance level (0.040 < 0.050). Return On Asset (ROA) and Debt to Equity Ratio (DER) simultaneously do not affect the Stock Price at PT Gajah Tunggal Tbk for the 2013-2023 period with a calculated F value (3.653

Copyrights © 2025






Journal Info

Abbrev

fin

Publisher

Subject

Economics, Econometrics & Finance

Description

Fin Synergy: Jurnal Manajemen Keuangan adalah jurnal akademik yang diterbitkan oleh Program Doktoral Ilmu Manajemen Universitas Pasundan. Jurnal ini fokus pada bidang studi manajemen keuangan. Fin Synergy menerbitkan artikel-artikel ilmiah yang meliputi berbagai topik dalam manajemen keuangan, ...