Pengaruh Current Ratio (CR) dan Return on Assets (ROA) terhadap Nilai Perusahaan pada Perusahaan Manufaktur Sub Sektor Aneka Industri di Bursa Efek Indonesia (BEI) Periode 2015 – 2024
DOI:
https://doi.org/10.55606/cemerlang.v6i1.8508Keywords:
Company Value, Current Ratio, Miscellaneous Industries Sector, Profitability, Return on AssetsAbstract
The assessment of a company's value is crucial for investors to identify its prospects and performance. Financial ratios such as the Current Ratio (CR) and Return on Assets (ROA) are used to analyze factors affecting the company's value. This study aims to analyze the impact of CR and ROA on company value in manufacturing companies within the Miscellaneous Industries sub-sector for the period 2015–2024. The study uses a quantitative approach with data from annual financial reports of companies listed on the Indonesia Stock Exchange. Data analysis is conducted using panel data regression with the Random Effect Model (REM) as the best model. The dependent variable is company value, measured by Price to Book Value (PBV), while the independent variables consist of CR and ROA. The results show that CR does not have a significant effect on company value, while ROA significantly affects company value. Simultaneously, CR and ROA are proven to significantly affect company value, indicating that the combination of liquidity and profitability plays an important role in explaining PBV variations. This finding suggests that investors pay more attention to profitability than liquidity in the Miscellaneous Industries sector.
Downloads
References
Amin, N. F., Garancang, S., & Abunawas. (2023). Konsep umum populasi dan sampel dalam penelitian. Jurnal Pilar, 14(1), 15–31.
Annisa Rizka, & Chabachib, M. (2020). Analisis pengaruh current ratio (CR), debt to equity ratio (DER), return on assets (ROA) terhadap price to book value (PBV) dengan dividend payout ratio sebagai variabel intervening. Diponegoro Journal of Management, 6, 1–15.
Aryawati, P., & Harahap, T. K. (2022). Manajemen keuangan. Tahta Media Group.
Astuti, Sembiring, L. D., & Supitriyani. (2020). Analisis laporan keuangan. Media Sains Indonesia.
Bator, R. J., Bryan, A. D., & Schultz, P. W. (2011). Who gives a hoot?: Intercept surveys of litterers and disposers. Environment and Behavior, 43(3), 295–315. https://doi.org/10.1177/0013916509356884
Bitasari, I., Puspita, E., & Astuti, P. (2024). Pengaruh ROA, DER, CR dan pertumbuhan penjualan terhadap nilai perusahaan pada perusahaan sektor ritel yang terdaftar di BEI. JRAK, 10(2), 191–204.
Dewi, K. W., Herlinawati, E., Suryaningprang, A., & Sudaryo, Y. (2022). Pengaruh CR, DER, TATO, dan ROA terhadap PBV pada PT Indomobil Sukses Internasional Tbk. Journal of Business, Finance, and Economics (JBFE), 3(2), 269–283. https://doi.org/10.32585/jbfe.v3i2.3476
Dharma, B. (2023). Mengapa PBV (price book value) penting dalam penilaian saham (perusahaan farmasi yang terdaftar di BEI periode 2021). JUMEK, 1(1), 80–89. https://doi.org/10.59024/jumek.v1i1.32
Dzulhijar, W., Pratiwi, L., & Laksana, B. (2021). Pengaruh CR, DER, dan ROA terhadap nilai perusahaan pada PT Jasa Marga Tbk tahun 2019. Indonesian Journal of Economics and Management, 1(2), 401–409. https://doi.org/10.35313/ijem.v1i2.2507
Eksandy, A. (2018). Metode penelitian akuntansi dan manajemen. FEB UMT.
Fadilah, N. (2023). Pengaruh current ratio dan return on equity terhadap nilai perusahaan pada PT Astra Internasional Tbk periode 2012–2022. Jorafi, 2(4), 2333–2344. https://doi.org/10.32493/jism.v2i3.24821
Firdaus, I. (2019). Pengaruh debt to equity ratio, price earning ratio dan return on asset terhadap price to book value pada industri perbankan yang terdaftar di BEI periode tahun 2013–2017. Jurnal Ekonomi, 24(2), 242. https://doi.org/10.24912/je.v24i2.581
Hidayati, S. N. (2016). Pengaruh pendekatan keras dan lunak pemimpin organisasi terhadap kepuasan kerja dan potensi mogok kerja karyawan. Jurnal Maksipreneur: Manajemen, Koperasi, dan Entrepreneurship, 5(2), 57–66. https://doi.org/10.30588/jmp.v5i2.164
Jaya, A., Kuswandi, S., & Prasetyandari, C. W. (2022). Manajemen keuangan. PT Global Eksekutif Teknologi.
Kasmir. (2019). Analisis laporan keuangan. RajaGrafindo Persada.
Kharisma, D., Simatupang, S., & Hutagalung, H. (2023). Pengaruh kualitas pelayanan terhadap kepuasan. Jumansi, 32–42.
Risdwiyanto, A., & Kurniyati, Y. (2015). Strategi pemasaran perguruan tinggi swasta di Kabupaten Sleman Yogyakarta berbasis rangsangan pemasaran. Jurnal Maksipreneur: Manajemen, Koperasi, dan Entrepreneurship, 5(1), 1–23. https://doi.org/10.30588/jmp.v5i1.142
Downloads
Published
How to Cite
Issue
Section
License
Copyright (c) 2026 CEMERLANG : Jurnal Manajemen dan Ekonomi Bisnis
This work is licensed under a Creative Commons Attribution-ShareAlike 4.0 International License.
