The Effect Of Return On Assets And Current Ratio On Stock Prices At Pt Adaro Energy Indonesia Tbk, Period 2012-2022
Abstract
The purpose of this study is to determine the effect of the Current Ratio (CR) on stock prices, as measured by examining the company's financial statements. The method used in this study is a descriptive quantitative method. The sample of this study was PT. Adaro Energy Tbk, for the period 2012-2022. The statistical analysis used in this study includes classical assumptions, multiple linear regression, and the coefficient of determination. Hypothesis testing used the t-test and F-test methods. Partially (t-test), ROA has a significant positive effect on stock prices, as evidenced by t-count = 3.683 > t-table = 2.365 and a significance value of 0.008 < 0.05. Meanwhile, CR has a negative effect on stock prices, as evidenced by t-count = -0.519 < t-table = 2.365 and a significance value of 0.620 > 0.05. Simultaneously (F-test), ROA and CR have a significant effect on stock prices. The R-squared value of the independent variables ROA and CR has a 56.9% effect on the dependent variable, Stock Price, while the remaining 43.1% is influenced by other variables not explained in this study.
Keywords: Return on Assets (ROA), Earnings Per Share (EPS), and Stock Price.
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