PIPI

Bilancia : Jurnal Ilmiah AkuntansiBilancia : Jurnal Ilmiah Akuntansi

The aim of this research is to analyze and test the influence of Current Ratio (CR), Debt to Equity Ratio (DER), Net Profit Margin (NPM), Total Asset Turnover (TATO) and Earning Per Shared (EPS) on Stock Price of Automotive Companies listed on Indonesian Stock Exchange (BEI) 2014 until 2017 period, which amounted to 13 companies. The research data was obtained from the annual financial report for the period 2014-2017. Based on purposive sampling method, the sample obtained included 11 companies. The hypothesis in this research was tested using multiple regression analysis. The result of this research showed that only Earning Per Shared (EPS) has significant and positive effect on Stock Price, whereas Current Ratio (CR), Debt to Equity Ratio (DER), Net Profit Margin (NPM) and Total Asset Turnover (TATO) have no significant influence on Stock Price.

Based on the data analysis conducted, it can be concluded that only EPS has a significant effect on stock prices, while other variables such as CR, DER, NPM, and TATO do not have a significant impact.This research highlights the importance of EPS as a key indicator for investors.Further research is needed to explore other factors influencing stock prices in the automotive sector.

Future research could expand the scope of analysis by incorporating macroeconomic indicators such as interest rates and inflation to assess their combined impact on stock prices in the automotive sector. Additionally, investigating the role of corporate governance practices and their influence on financial ratios and stock performance would provide a more comprehensive understanding of the factors driving investment decisions. Finally, a longitudinal study tracking the relationship between financial ratios and stock prices over a longer period, perhaps spanning a decade or more, could reveal evolving trends and patterns that are not apparent in shorter-term analyses. These studies should also consider the impact of emerging technologies and changing consumer preferences on the automotive industry and its financial performance, providing insights for investors and policymakers alike. Such research would contribute to a more nuanced understanding of the dynamics at play and inform more effective investment strategies and regulatory frameworks.

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