The Influence of Return on Asset and Debt To Equity Ratio on Stock Prices

Abstract

This research aims to analysis the influence of Return on Assets and Debt to Equity Ratio on the share price of PT Bayan Resource Tbk for the 2013 – 2022 period, both partially and simultaneous. The method used is quantitative and the data obtained comes from the website Indonesian Stock Exchange (www.web.idx.com) and PT Bayan Resource Tbk website. Results of this research It is known that the ROA variable has a t_count of 3.365 > t_table 2.36462 with a value significant at 0.012 < 0.05, then it can be concluded that the variable Return on Assets (X1) significant effect on Share Price (Y). The DER variable has a t_count of -0.876 < 2.36462 with a significant value of 0.410 > 0.05, it can be concluded that the Debt to variable Equity Ratio (X2) has no significant effect on Share Price (Y). And the test results of the F Test obtained an F_count value of 9.961 > F_table 4.74 and a significant value of 0.009 < 0.05, meaning that the variable ROA and DER together have a significant effect on share prices. Therefore The variables Return on Assets (X1) and Debt to Equity Ratio (X2) together have an influence significant impact on the share price of PT Bayan Resources TBK.