The Influence of Price Earning Ratio (PER), Current Ratio (CR), Total Asset Turnover (TAT), Net Profit Margin (NPM), and Debt To Equity Ratio (DER) on the Return of Sharia Stocks Listed on the Indonesia Stock Exchange: Food and Beverage Sub-Sector Compani
Year: 2024
Type: conference-paper
Abstract: Introduction/Main Objectives: The development of the business world in Indonesia is currently very rapid, making it essential to be meticulous in making speculative decisions. Because a company's ability to carry out its business operations heavily depends on investor interest, many businesses are venturing into the capital market to acquire assets. Background Problems: The purpose of this research is to determine the partial effects of the Price Earning Ratio (PER), Current Ratio (CR), Total Assets Turnover (TAT), Net Profit Margin (NPM), and Debt To Equity Ratio (DER) on the Return of Sharia Stocks in the food and beverage sub-sector companies listed on the Indonesia Stock Exchange during the period from January to December 2023. Novelty: The return of Sharia stocks listed on the Indonesia Stock Exchange (Food and Beverage Subsector Companies for the period January – December 2023) is influenced by the Price Earnings Ratio (PER), Current Ratio (CR), Total Asset Turnover (TAT), Net Profit Margin (NPM), and Debt to Equity Ratio. (DER). Research Methods: This type of research is quantitative in nature, taking the form of comparative and time series studies. The methods used for data collection in this research are purposive sampling, and the data utilized is quantitative. The data collection techniques employed are library research and documentation. Finding/Results: The research findings can be summarized as follows: 1. The PER variable has a positive and significant effect on Islamic Stock Returns. 2. The CR variable does not have a positive and significant effect on Islamic Stock Returns. 3. The TAT variable has a positive and significant effect on Islamic Stock Returns. 4. The NPM variable has a positive and significant effect on Islamic Stock Returns. 5. The DER variable does not have a positive and significant effect on Islamic Stock Returns. Conclusion: Based on the research results that have been conducted, it shows that the PER variable has a positive and significant effect on Islamic Stock Returns. The CR variable does not have a positive and significant effect on Islamic Stock Returns. The TAT variable has a positive and significant effect on Islamic Stock Returns. The NPM variable has a positive and significant effect on Islamic Stock Returns. And the
Authors: Nessa Amanah, Idwal B, Herlina Yustati
Language: English
Subfield: Accounting
Domain: Social Sciences
Open Access status: hybrid
OpenAlex ID: W4408259068