PENGARUH RETURN ON ASSET DAN DEBT TO EQUITY RATIO TERHADAP HARGA SAHAM PADA PT HANJAYA MANDALA SAMPOERNA TBK PERIODE 2014-2024

Abstract

This study aims to determine the Effect of Ratio on Asset and Debt to Equity Ratio on Stock Prices at PT Hanjaya Mandala Sampoerna Tbk for the 2014-2024 Period, both partially and simultaneously. The method used in this study is a descriptive method with a quantitative approach, using balance sheet and income statement data from PT Hanjaya Mandala Sampoerna Tbk for 11 years. Data analysis techniques used include descriptive analysis, classical assumption tests, multiple linear regression, correlation coefficient analysis, determination coefficient tests, and hypothesis testing through t-tests and F-tests with the help of the Statistical Product and Service Solutions (SPSS) version 30 program. The results of the partial analysis show that Return on Assets have a significant effect on Stock Prices, with a significance value of 0.001> 0.05 and t count of 4.792 < t table of 2.30600. On the other hand, Debt to Equity Ratio partially has a significant effect on Stock Price, with a significance value of 0.006 < 0.05 and a calculated t value of |-3.749| > t table of |-2.30600. Simultaneously, Return on Asset and Debt to Equity Ratio have a significant effect on Stock Price, indicated by a significance value of 0.001 < 0.05 and F count of 34.965> F table of 4.46. Based on the results (R Square) the independent variables Return on Asset (ROA) and Debt to Equity Ratio (DER) have an influence of 87.2% on the dependent variable, namely Stock Price, while the remaining 12.8% is influenced by other variables not explained in this study.