Pengaruh ROA, ROE dan EPS Terhadap Return Saham Perusahaan Sido Muncul Tbk. Tahun 2015-2023

Neila Musfiatul Li'ala; Tiara Widya Antikasari

doi:10.21154/niqosiya.v4i01.3241

Neila Musfiatul Li'ala Institut Agama Islam Negeri Ponorogo
Tiara Widya Antikasari Institut Agama Islam Negeri Ponorogo

DOI: https://doi.org/10.21154/niqosiya.v4i01.3241

Keywords: Earning Per Share, Financial Reports, Return On Assets, Return On Equity, Stock Returns.

Abstract

According to financial theory, ratios such as ROA, ROE, and EPS should reflect good financial performance if they are high. However, in practice, the high ratio value of Sido Muncul Tbk. does not always correlate with the return on shares produced. This discrepancy creates confusion among investors and analysts as to how accurately these ratios reflect the actual condition of the company. This study examines the effect of ROA, ROE, and EPS on stock returns in Sido Muncul Tbk., which is listed in JII. This study uses a quantitative research method using secondary data. Data were collected through documentation and literature studies using the quarterly reports of Sido Muncul Tbk. from 2015 to 2023. The independent variables are ROA, ROE, and EPS, while the dependent variables are stock returns. Samples were selected using the purposive sampling method. The data analysis was carried out with multiple regression analysis using SPSS version 25 software, with a significance level of 5% or 0.05. The results of this study show that ROA, ROE, and EPS individually have a significant effect on the return of Sido Muncul Tbk. shares in the 2015-2023 period. At the same time, these three variables also significantly affected the return of Sido Muncul Tbk. shares in the same period. The magnitude of the influence that can be explained by these three variables on stock returns is 23.1%.

Downloads

Download data is not yet available.

References

Antiksari, T. W. (2021). Analisis Kinerja Keuangan PT. Industri Jamu dan Farmasi Sido Muncul Tbk. Etihad: Journal of Islamic Banking and Finance, 1(1), 37–50. https://doi.org/10.21154/etihad.v1i1.2856

Anwar, Y. (2005). Pasar Modal Sebagai Sarana Pembiayaan dan Investasi.

Delpania, D., Fitriano, Y., & Hidayah, N. R. (2023). Pengaruh ROA, EPS, dan DER Terhadap Return Saham (Pada Perusahaan Sektor Healthcare yang Terdaftar di Bursa Efek Indonesia Periode 2017-2021). EKOMBIS REVIEW: Jurnal Ilmiah Ekonomi dan Bisnis, 11(1). https://doi.org/10.37676/ekombis.v11i1.3217

Dewi, N. S., & Suwarno, A. E. (2022). Pengaruh ROA, ROE, EPS dan DER Terhadap Harga Saham Perusahaan (Studi Empiris pada Perusahaan LQ45 yang Terdaftar di Bursa Efek Indonesia Tahun 2016-2020). 1.

Dura, J. (2021). Pengaruh Return On Equity (ROE), Debt To Equity Ratio (DER), dan Current Ratio (CR) Terhadap Return Saham Perusahaan Sub Sektor Property dan Real Estate yang Terdaftar di Bursa Efek Indonesia. RISTANSI: Riset Akuntansi, 1(1), 10–23. https://doi.org/10.32815/ristansi.v1i1.334

Ekawati, S. (2020). Pengaruh ROA, ROE, dan EPS Terhadap Harga Saham Pada Perusahaan Transportasi. 9.

Febry, T. (2020). Aplikasi pada Penelitian Manajemen Bisnis.

Harahap, S. S. (2008). Analisis Kritis Atas Laporan Keuangan.

Laulita, N. B. (t.t.). Pengaruh Return On Asset (ROA), Return On Equity (ROE), Debt To Equity Ratio (DER), Earning Per Share (EPS) dan Net Profit Margin (NPM) terhadap Return Saham pada Perusahaan yang Terdaftar di Indeks LQ45.

Mangantar, A. A. A., Mangantar, M., & Baramuli, D. N. (2020). Pengaruh Return On Asset, Return On Equity dan Debt To Equity Ratio Terhadap Return Saham Pada Subsektor Food and Beverage di Bursa Efek Indonesia.

Martin, S., & Aryani, D. D. P. (2021). Peran Pasar Modal bagi Pembangunan Ekonomi di Indonesia. 1.

Nisfiannoor, M. (2009). Pendekatan Statistika Modern Untuk Ilmu Sosial.

Novitasari, N. L. G., & Mahasaraswati, U. (2017). Pengaruh Corporate Governance dan Faktor Fundamental Terhadap Return Saham Pada Perusahaan Manufaktur yang Terdaftar di Bursa Efek Indonesia. 9(1).

Nurmawati, A., & Diyanti, F. (2022). Pengaruh Return On Assets (ROA), Debt to Equity Ratio (DER), dan Earning Per Share (EPS) terhadap Return Saham Pada Perusahaan Properti dan Real Estate yang Terdaftar di Bursa Efek Indonesia. 7(3). https://doi.org/Jurnal Ilmu Akuntansi Mulawarman (JIAM)

Pion Seto Rakidewo. (t.t.). Pengaruh Return Of Asset, Return Of Equity, Net Profit Margin, dan Earnings Per Share Terhadap Harga Saham pada Perusahaan Manufaktur yang Terdaftar di BEI Periode 2009-2012.

Puspita, R. (2020). Analisis Faktor-faktor Penentu Return Saham Pada Perusahaan Makanan dan Minuman yang Terdaftar di Bursa Efek Indonesia (BEI). 69.

Rizal Rosikin & Maulida Nurhidayati. (2023). Pengaruh EPS, ROE, dan ROA terhadap Harga Saham Perusahaan Consumer Goods Periode 2015-2020. Niqosiya: Journal of Economics and Business Research, 3(1), 72–73. https://doi.org/10.21154/niqosiya.v3i1.911

Sinaga, E. K. (2019). Teori dan Aplikasi Pada Pendidikan.

Widoatmodjo, S. (2004). Jurus Jitu Go Publik.