IMPLIKASI RASIO PROFITABILITAS TERHADAP HARGA SAHAM FARMASI YANG TERDAFTAR DI BEI PERIODE 2015-2020

Authors

  • Angestika Wilandari Universitas Bina Sarana Informatik

DOI:

https://doi.org/10.55129/https://doi.org/10.55129/.v12i4.2927

Abstract

ABSTRACT
Investors have an interest in knowing how the condition of the company's financial performance
in determining investments. A company's financial performance can be analyzed through a
variety of techniques, one of which is through ratio analysis. The ratio that is in practice used by
investors in determining stock purchases consists of return on asset as well as return on equity.
Furthermore, based on the ratio will affect the decision of investors in the purchase of shares so
that it is considered to affect the stock price. The sector that is considered potential by investors
is one of them is the industry or pharmaceutical sector listed on the Indonesia Stock Exchange
even though in its journey it had experienced fluctuations. This research aims to find out how the
effect of return on assets and return on equity on the average stock price in the period 2015-2020.
The timing of the study was chosen based on fluctuations or fluctuations in pharmaceutical
market conditions that impacted stock prices in 2015-2020. Using classic assumption tests as
well as multiple linear analysis tests, the study provides return on asset and return on equity
results each affecting the average stock price. Return on asset positively affects the average stock
price while return on equity negatively affects the average stock price.
Keywords: Return on Asset, Return on Equity, Average Stock Price
ABSTRAK
Investor memiliki kepentingan untuk mengetahui bagaimana kondisi kinerja keuangan
perusahaan dalam penentuan investasi. Kinerja keuangan perusahaan dapat dianalisis melalui
berbagai macam teknik salah satunya adalah melalui analisis rasio. Rasio yang dalam
praktiknya digunakan oleh investor dalam menentukan pembelian saham terdiri dari return on
asset serta return on equity. Selanjutnya berdasarkan rasio tersebut akan mempengaruhi
keputusan investor dalam pembelian saham sehingga dianggap dapat mempengaruhi harga
saham. Sektor yang dianggap potensial oleh investor salah satunya adalah industri atau sektor
farmasi yang terdaftar di Bursa Efek Indonesia meskipun dalam perjalanannya sempat
mengalami fluktuasi. Penelitian ini bertujuan untuk mengetahui bagaimana pengaruh return on
asset serta return on equity terhadap rata-rata harga saham pada periode 2015-2020. Waktu
penelitian dipilih berdasarkan fluktuasi atau naik turunnya kondisi pasar farmasi yang
berdampak pada harga saham di tahun 2015-2020. Menggunakan uji asumsi klasik serta uji
analisis linear berganda, penelitian ini memberikan hasil return on asset dan return on equity
masing-masing berpengaruh terhadap rata-rata harga saham. Return on asset berpengaruh
positif terhadap rata-rata harga saham sedangkan return on equity berpengaruh negatif terhadap
rata-rata harga saham.
Kata kunci: Return on Asset, Return on Equity, Rata-rata Harga Saham

Published

2021-10-18