The Effects of Liquidity, Profitability and Activity on Stock Price on PT Merck Tbk Period 2013 – 2022

Abstract

This research aims to determine the effect of Current Ratio, Return On Assets, and Total Asset Turnover on Stock Price at PT Merck Tbk for the period 2013-2022. This research uses quantitative descriptive. The data used is secondary data. The population of this research is the financial statements of PT Merck Tbk and the samples used are the financial statements of profit and loss, balance sheet and stock information of PT Merck Tbk for the period 2013-2022. The data analysis techniques used is descriptive tests, classical assumption tests, multiple linear regression analysis, correlation coefficient tests, the coefficient of determination R², and hypothesis testing using SPSS ver.26. The results of this research show that partially the Current Ratio variable have no significant effect on Stock Price with a value t_count 1,836 < t_table 2,44691 with a significance value of 0,116 > 0,05, the Return On Asset variable has a significant effect on Stock Price with a value tc_ount 3,200 > t_table 2,44691 with a significant value of 0,019 < 0,05 and the Total Asset Turnover variable has a significant effect on Stock Price with a value t_count 2,733 > t_table 2,44691 with a significant value of 0,034 < 0,05. Simultaneously, the variables Current Ratio, Return On Assets and Total Asset Turnover have a significant effect on stock price with a value F_count of 15,067 > F_table 4,76 with a significance value of 0.003 < 0.05