Analysis of ROE, DER, and TATO Influence on Stock Prices of Cement Subsector Companies on IDX

inah nur nabillah; M. Rimawan; Nafisah Nurulrahmatia

doi:10.63922/ijebir.v5i03.3659

inah nur nabillah Study Program of Management, Sekolah Tinggi Ilmu Ekonomi (STIE) Bima
M. Rimawan Study Program of Management, Sekolah Tinggi Ilmu Ekonomi (STIE) Bima
Nafisah Nurulrahmatia Study Program of Management, Sekolah Tinggi Ilmu Ekonomi (STIE) Bima

DOI: https://doi.org/10.63922/ijebir.v5i03.3659

Keywords: ROE, DER, TATO, Stock Prices.

Abstract

The fluctuations in stock values of cement sub-sector firms registered on the Indonesia Stock Exchange during the 2015 to 2024 period are analyzed through this quantitative research design which was developed comprehensively to scrutinize how Return on Equity (ROE) and Debt to Equity Ratio (DER) and Total Asset Turnover (TATO) based on annual financial report data from six companies through saturated sampling techniques with a total of sixty observations due to inconsistencies in findings in previous research and processed using classical assumption test procedures and multiple linear regression, and t and F significance testing through the SPSS version 26 application which concludes that partially Return on Equity (ROE) has a significant negative effect and Debt to Equity Ratio (DER) has no real impact while Total Asset Turnover (TATO) shows a significant positive effect and simultaneously the three independent variables have a strong influence on the company's stock price movements as an important and crucial reference for investors in assessing profitability ratios and leverage and operating activities in an integrated manner to support this detailed investigation result and the effectiveness of market analysis.

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