ANALYSIS OF THE INFLUENCE OF FINANCIAL RATIOS ON IDXTECHNO'S SHARE PRICE IN 2020-2023

Abstract

This study aims to analyze the effect of return on equity, current ratio, debt to equity ratio and total asset turnover on IDXTECHNO's share price. The sampling technique used in this study is purposive sampling. The sample used in the study as many as ten companies include; Digital Mediatama Maxima Tbk, Nusantara Voucher Distribution Tbk, Elang Mahkota Teknologi Tbk, M Cash Integrasi Tbk, Multipolar Technology Tbk, NFC Indonesia Tbk, Solusi Sinergi Digital Tbk, Anabatic Technologies Tbk, Cashlez Worldwide Indonesia Tbk, Telefast Indonesia Tbk. The data used in this study was obtained from the financial and annual statements of software and IT industry technology companies 2020-2023. The analysis technique used in the study was panel data regression using the Eviews 12 application to test the research hypothesis. The results of the study using the Common Effect Model found that the variables return on equity, current ratio and debt to equity ratio had no significant effect on the stock price and total asset turnover had a significant effect on the IDXTECHNO share price