PENGARUH RETURN ON ASSET, CURRENT RATIO & DEBT TO EQUITY RATIO TERHADAP RETURN SAHAM PADA PERUSAHAAN PERTAMBANGAN SUB SEKTOR MINYAK DAN GAS DI BURSA EFEK INDONESIA PERIODE 2019-2023

Abstract

Stock Returns can bet influenced by ivarious factors that reflectithe Company's performance or external conditions that affect the market as a whole. This study aims to determine, analyze and describe the effect of Asset Returns, Current Ratio & Debt to Equity Ratio on Stock Returns. The population of this study is Mining Companies in the Oil and Gas Sub-Sector on the Indonesia Stock Exchange for the period 2019-2023. The method used in this study is descriptive verification. The sampling technique used is purposive sampling using 12 mining companies in the oil and gas sub-sector based on the specified criteria. Secondary data were obtained from annual financial reports. Data analysis techniques used classical assumption tests, descriptive statistical analysis, verification statistical analysis using multiple linear regression and coefficient of determination, and hypothesis testing. The results of the study partially show that Return On Asset has an effect on Stock Return because tcount (34.397) > ttable (2.026192) with a significance value of 0.000 <  0.05. Current ratio has an effect on stock return because tcount (-7.663) > ttable (-2.026192) with a significance value of 0.000 < 0.05. Debt to Equity Ratio has an effect on Stock Return because tcount (42.533) > ttable (2.026192) with a significance value of 0.000 < 0.05. Then, simultaneously, Return on Asset, Current Ratio and Debt to Equity Ratio have a significant effect on stock returns because Fcalculated (808.596) > Ftable (3.26) with a significance value of 0.000 < 0.05.