THE AFFECT OF PROFITABILTY, LEVERAGE, AND LIQUIDITY RATIO TO STOCK RETURN (CASE STUDY ON COMPANIES OF FOOD AND BEVERAGE INDUSTRY THAT LISTING IN BURSA EFEK INDONESIA)
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Date
2015-09-10
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Seminar Nasional Hasil Penerapan Penelitian Dan Pengabdian Pada Masyarakat (SNHP3M) 2015 (Vol. 02 No. 01 Tahun 2015),Lembaga Pengabdian Kepada Masyarakat Dan Ventura Universitas Tarumanagara
Abstract
This reasearch was conducted to determine the development of profitability ratios, leverage, liquidity, and stock returns as well as to determine whether the ratio of profitability, leverage, and liquidity simultaneously or partially significantly affect stock return.
The sample in this study is three companies in manufacturing food and beverage industry are listed in the Indonesia Stock Exchange, PT. Indofood Sukses Makmur, Tbk., PT. Mayora Indah Tbk., And PT. Fastfood Indonesia, Tbk. where in the type of research used descriptive causality with the sampling method used purposive sampling.
Based on calculations, the development of profitability ratio (ROE), leverage (DER), liquidity (Current Ratio), and stock returns fluctuate. In 2009 the profitability ratio (ROE) of 5.39%, a decrease in the leverage ratio (DER), the highest 23.11%, the development of liquidity ratio (Current Ratio) high of 27.24%, and the development of the highest stock returns amounting to 41.51 %. Meanwhile, through the F test influence profitability ratio (ROE), leverage (DER), and liquidity (Current Ratio) on stock returns simultaneously has significant influence but not at 6.7%. Through partial test using t-test but not significantly impact profitability, leverage (DER) effect on stock returns, but not significant, and liquidity (current ratio) effect on stock returns, but not significant.
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Profitability, Leverage, Liquidity, Share, Share Return