The The Effect of Current Ratio, Debt To Equity Ratio and Return On Assets on Company Value
DOI:
https://doi.org/10.54099/ijibmr.v4i2.929Keywords:
Current Ratio,, Debt to Equity Ratio, , Return On Assets, , Company Value, Tobin's Q.Abstract
Company value is important for a company, because before investing, investors will conduct a survey first, one of which is to look at the development of the company's value. Automotive companies and their components listed on the IDX in 2017-2021 had unstable growth, as seen during the Covid 19 pandemic, the company value of these companies fluctuated and even predominantly decreased. Many factors can effects company value. Therefore, the aim of this research is to find out, explain and describe the effect of the Current Ratio, Debt to Equity Ratio and Return on Assets on the Value of Automotive Sub-Sector Companies and Their Components Listed on the Indonesia Stock Exchange for the 2017-202 period. This study uses a quantitative approach. The population in this study was 15. The sampling technique in this study used a purposive sampling technique, so that a sample of 8 companies was obtained. The data analysis method in this research uses multiple regression tests because there is more than one independent variable that effectss the dependent variable. Data processing in this research uses Eviews version 9. The results obtained in this research are that the Current Ratio, Debt to Equity Ratio and Return On Assets partially have a significant effect on company value (Tobin's Q). Simultaneously the Current Ratio, Debt to Equity Ratio and Return On Assets obtained results that simultaneously had a significant effect on company value (Tobin's Q). The most recent of this research is the period of increasing years.
References
Al-Slehat, ZAF (2019). Impact of Financial Leverage, Size and Assets Structure on Firm Value: Evidence from Industrial Sector, Jordan. International Business Research, 13(1), 109. https://doi.org/10.5539/ibr.v13n1p109
Ambarwati, NS, Yuniarta, GA, & Sinarwati, NK (2015). Manufacturing Companies Listed on the Indonesian Stock Exchange 2011-2015. Ganesha University of Education Undergraduate E-Journal, 3(1), 1–11. https://ejournal.undiksha.ac.id/index.php/S1ak/article/view/4727
Arief, Saratian, Nugroho, Ashshidiqy, & Kolis. (2020). shares in the oil and gas mining industry on the stock exchange. 6(02), 174–183.
Dharmaputra, IGNA, Rustiarini, NW, & Dewi, NPS (2022). 1.+I+Gusti+Ngurah+Agung+Dharmaputra-Ni+Wayan+Rustiarini-2141-2149. Karma Journal (Accounting Student Research Work), 2(1), 2022.
Dzahabiyya, J., Jhoansyah, D., & Danial, RDM (2020). Analysis of Company Value Using the Tobin's Q Ratio Model. JAD: Dewantara Accounting & Finance Research Journal, 3(1), 46–55. https://doi.org/10.26533/jad.v3i1.520
Dzulhijar, W., Pratiwi, LN, & Laksana, B. (2021). The influence of CR, DER, and ROA on company value at PT Jasa Marga Tbk 2010-2019. Indonesian Journal of Economics and Management, 1(2), 401–409. https://doi.org/10.35313/ijem.v1i2.2507
Fahmi, I. (2018). introduction to financial management. Alphabet.
Fathonah, N. (2021). The influence of current ratio and return on assets on company value in food and beverage sub-sector manufacturing companies listed on the Indonesian Stock Exchange. 1–102.
Febrian, LA (2022). the influence of return on assets (roa), debt to equity ratio (der), and current ratio (cr) on company value on the Jakarta Islamic Index 70.
Ghozali, I. (2017). Multivariate Analysis Application with the IBM SPSS 21 Program. Diponogoro University Publishing Agency.
Harry. (2015). Financial Report Analysis. PT Grasindo.
Ichfan, K., Mutmainah, S., Syarifuddin, AI, Pondok, J., Kiai, P., & Lumajang, S. (2019). The Importance of Financial Management For modern companies, finance is increasingly playing a very important role. 1(2), 32–42.
Kahfi, MF, Pratomo, D., & Aminah, W. (2018). the influence of the current ratio, debt to equity ratio, total assets turnover and return on equity on company value (Case Study of a Manufacturing Company in the Food and Beverage Sector Listed on the Indonesian Stock Exchange in 2011 - 2016) EFFECT O. 5(1), 566 –574.
M, AYS (2019). the influence of financial performance on company value in automotive and component companies listed on the IDX. Muhammadiyah University of North Sumatra.
Mediyanti, S., Kadriyani, E., Sartika, F., Astuti, IN, Eliana, E., & Wardayani, W. (2021). Tobin's Q Ratio as a Measure Tool for the Value of a Bank Company Tobin's Q Ratio as a Measure Tool for the Value of an Islamic. JUPIIS: Journal of Social Sciences Education, 13(1), 242–247.
Mujiono, F., Dita, A., & Hakim, M. (2021). Current ratio, debt to equity ratio, return on assets,. 10(1), 1–13.
Pangestuti, DC (2018). Management Partners Journal (JMM Online). Management Partners Journal, 2(5), 449–464. http://e-jurnalmitramanajemen.com/index.php/jmm/article/view/125/69
Pawestri, AC (2020). the influence of debt to equity ratio, return on assets, current ratio, and company size on company value (Empirical Study of Food and Beverage Companies Listed on the Indonesia Stock Exchange 2015-2018).
Prasetyorini, BF (2013). Bhekti Fitri Prasetyorini; Influence of Company Size... 1.
Purba, IR, & Mahendra, A. (2022). The Influence of Working Capital Turnover (Wct), Current Ratio (Cr), Debt To Equity Ratio (Der), and Return on Assets (Roa) on Company Value in Property and Real Estate Companies Listed on the Indonesian Stock Exchange for the 2017-2020 Period. Journal of Accounting & Finance Research, 8(1), 61–76. https://doi.org/10.54367/jrak.v8i1.1675
Putri, RH, ZA, Z., & NP, MGWE (2016). The Influence of Liquidity Ratios and Profitability Ratios on Company Value (Study of Consumer Goods Industry Sector Companies Listed on the IDX in 2012-2014). Journal of Business Administration (JAB), 38(2), 38–45. https://doi.org/10.22202/economica.2018.v7.i1.2574%0AAbstract
Rahmawati, UN (2017). the influence of liquidity, leverage and profitability on company value with dividend policy as a moderating variable (Study of Manufacturing Companies Listed on the IDX). 1–148.
Stiyarini, & Santoso, BH (2016). The Influence of Financial Performance on Company Value in Telecommunication Services Companies. Journal of Management Science and Research, 5(2), 1–21.
Sucuahi, W., & Cambarihan, J. M. (2016). Influence of Profitability to the Firm Value of Diversified Companies in the Philippines. Accounting and Finance Research, 5(2). https://doi.org/10.5430/afr.v5n2p149
Sugiyono. (2017). Quantitative, Qualitative and R&D Research Methods. Alphabet.
Sugiyono. (2018). Quantitative, Qualitative and R&D Research Methods. Alphabet.
Suherman, A. and E. (2021). Financial Management (1st ed.). Independent Scholars.
Downloads
Published
How to Cite
Issue
Section
License
Copyright (c) 2024 International Journal of Islamic Business and Management Review

This work is licensed under a Creative Commons Attribution-NonCommercial 4.0 International License.