Pengaruh CR, DAR, TATO, OPM, Tax Avoidance, dan Sales Growth Terhadap Harga Saham Perusahaan Sektor Energi

Abstract

The purpose of this study to analyze the effect of Current Ratio (CR), Debt to Assets Ratio (DAR), Total Assets Turnover (TATO), Operating Profit Margin (OPM), Tax Avoidance, and Sales Growth on stock price in energy sector companies listed on Indonesia Stock Exchange for the 2018-2022 period. The analytical method in this study used quantitative secondary data, the test stages carried out were: descriptive statistics, normality, multicollinearity, heteroscedasticity, autocorrelation, multiple linear regression, t test, f test, and the coefficient of determination. The results showed that the variables Current Ratio (CR), Debt to Assets Ratio (DAR), Tax Avoidance, and Sales Growth partially had no effect on stock prices, while the variables Total Assets Turnover (TATO) and Operating Profit Margin (OPM) partially effect on stock prices. As for simultaneously the six independent variables affect the stock price. Based on the analysis of the coefficient of determination, the Adjusted R Square value is 0.157, meaning that the independent variables include Current Ratio (CR), Debt to Assets Ratio (DAR), Total Assets Turnover (TATO), Operating Profit Margin (OPM), Tax Avoidance, and Sales Growth. able to explain the variation of the stock price variable by 15.7%, while the remaining 84.3% is explained by other variables outside the research variables.