Pengaruh Solvabilitas, Likuiditas dan Profitabilitas Terhadap Harga Saham Sektor Transportasi dan Logistik
DOI:
https://doi.org/10.35870/jemsi.v11i5.4445Keywords:
Solvency, Liquidity, Profitability, Stock PriceAbstract
This study aims to examine the effect of solvency, liquidity and profitability on stock prices. The solvency variable is proxied by the debt to asset ratio (DAR), liquidity is proxied by the current ratio (CR), profitability is proxied by return on assets (ROA). The approach used in this study is quantitative. The type of data used in this study is secondary data from the financial statements of transportation and logistics sector companies listed on the Indonesia Stock Exchange (IDX) from 2019 to 2024. A total of 20 companies were generated from purposive samples. Multiple linear regression was set to process the research data. Data processing was carried out using SPSS version 27. The results of this study indicate that the debt to asset ratio has a negative and significant effect on stock prices, the current ratio has no effect on stock prices, and return on assets has a positive and significant effect on stock prices.
Downloads
References
Agil, P. S., & Achmad, A. Y. F. (2024). Pengaruh debt to asset ratio (DAR) dan return on asset (ROA) terhadap harga saham pada PT. Sarana Menara Nusantara Tbk. periode 2013-2022. Jurnal SeMaRaK, 7(2), 1–13. https://doi.org/10.32493/smk.v7i2.42151.
Akbar, E. R. S., & Rizqi, R. M. (2025). Pengaruh return on assets (ROA), return on equity (ROE), earning per share (EPS), net profit margin (NPM), dan net interest margin (NIM) terhadap harga saham PT Bank Syariah Indonesia Tbk tahun 2019-2023 (Vol. 2, Issue 2).
Anton, U., Siregar, Y. N., & Saputra, H. (2022). Pengaruh current ratio (CR), total asset turnover (TATO), return on equity (ROE), dan debt to asset ratio (DAR) terhadap harga saham pada sektor energi yang terdaftar di Bursa Efek Indonesia periode 2018-2020. LUCRUM: Jurnal Bisnis Terapan, 2(2), 227–241.
Awalina, P., Suaidah, I., & Kusumaningarti, M. (2021). Analisis pengaruh faktor fundamental terhadap harga saham sebelum dan selama pandemi Covid-19. Jurnal Akuntansi dan Bisnis: Jurnal Program Studi Akuntansi, 7(2), 109–117. https://doi.org/10.31289/jab.v7i2.5023.
Cahyani, M. R., & Diyani, L. A. (2024). Rasio likuiditas, solvabilitas, aktivitas, dan profitabilitas dalam mengukur kinerja keuangan pada PT. Samudera Indonesia Tbk. 9(3), 245–254.
Egiana, F., & Nurdiniah, D. (2022). Pengaruh profitabilitas dan financial distress terhadap tax avoidance dengan corporate governance sebagai variabel pemoderasi. Kalbisiana: Jurnal Mahasiswa Institut Teknologi Dan Bisnis Kalbis, 8(4), 3879–3895.
Fauziani, V. R., & Kosadi, F. (2024). Pengaruh total asset turnover, debt to asset ratio, struktur aset, dan return on asset terhadap harga saham (pada perusahaan pertambangan subsektor batu bara yang terdaftar di Bursa Efek Indonesia periode tahun 2016-2023). Jurnal Ekonomi Manajemen Dan Akuntansi, 10, 2781–2790. https://doi.org/10.35870/jemsi.v10i4.2937.
Goh, T. S., Simanjuntak, A., & Henry, H. (2024). Pengaruh profitabilitas dan leverage terhadap nilai perusahaan dengan kebijakan dividen sebagai variabel moderasi pada perusahaan konstruksi yang terdaftar di Bursa Efek Indonesia. Jesya, 7(1), 552–565. https://doi.org/10.36778/jesya.v7i1.1379.
Hidayat, R., & Ramli, R. (2024). Pengaruh profitabilitas, likuiditas, dan leverage terhadap harga saham pada sektor transportasi dan logistik yang terdaftar di Bursa Efek Indonesia periode 2018-2022. Syntax Literate: Jurnal Ilmiah Indonesia, 9(3), 1765–1782. https://doi.org/10.36418/syntax-literate.v9i3.15362.
Imelda, A., Sihono, S. A. C., & Anggarini, D. R. (2022). Pengaruh likuiditas, profitabilitas, dan rasio pasar terhadap harga saham (studi kasus pada perusahaan indeks LQ45 yang terdaftar di Bursa Efek Indonesia 2017-2021). Journals of Economics and Business, 2(2), 17–25. https://doi.org/10.33365/jeb.v2i2.114.
Kasmir. (2019). Analisis laporan keuangan.
Liana, N., & Febriyanti, D. (2024). Pengaruh return on asset, current ratio, dan debt to equity ratio terhadap harga saham dengan firm size sebagai variabel moderasi (pada perusahaan pertambangan subsektor minyak dan gas bumi yang terdaftar di Bursa Efek Indonesia tahun 2016-2023). Innovative: Journal of Social Science Research, 4(3), 11270–11284. https://doi.org/10.31004/innovative.v4i3.11438.
Mbera, K. P., Faisol, & Nurdiwaty, D. (2025). Pengaruh rasio likuiditas, solvabilitas, profitabilitas terhadap harga saham perusahaan pertambangan. Jurnal Ekonomi dan Manajemen. https://doi.org/10.62710/dmh1tq44.
Mohamad, Y., Hais, D., & Idham, M. I. (2024). Pengaruh return on asset, total aset, dan debt to asset ratio terhadap harga saham pada sektor perbankan yang terdaftar di BEI tahun 2020-2022. Al-Kharaj: Jurnal Ekonomi, Keuangan & Bisnis Syariah, 6(5), 4929–4940. https://doi.org/10.47467/alkharaj.v6i5.2050.
Muh, L. M. W., Johanis, S., Ade, W. W., Afreyzal, A. I., Abdul, & Syafiq. (2023). Pengaruh CR, ROA dan DER terhadap harga saham. Jurnal Manajemen Dan Bisnis Ekonomi, 2(1), 113–129. https://doi.org/10.54066/jmbe-itb.v2i1.1057.
Nasution, S. A., & Steffie, S. (2021). Pengaruh struktur modal, profitabilitas, likuiditas dan perputaran persediaan terhadap harga saham pada perusahaan makanan dan minuman yang terdaftar di Bursa Efek Indonesia (BEI). Jurnal Ilmiah Manajemen Ekonomi Dan Akuntansi, 5(3), 1828–1848.
Nazara, L. K. S. F. D. P.-A. J. R. W. S. M. W. (2021). Pengaruh debt to equity ratio, return on equity, cash ratio, dan total asset turnover terhadap harga saham pada perusahaan jasa periode 2017-2019. Jurnal Ilmiah MEA (Manajemen, Ekonomi, Dan Akuntansi), 5(1), 33–49.
Ningrum, H. S., & Pertiwi, T. K. (2025). Pengaruh profitabilitas, likuiditas, dan leverage terhadap harga saham dengan ukuran perusahaan sebagai variabel moderasi. Journal Publicuho, 8(1), 345–359. https://doi.org/10.35817/publicuho.v8i1.678.
Nurwita, N. (2023). Pengaruh likuiditas dan profitabilitas terhadap harga saham pada PT Indo Tambang Raya Megah Tbk. JEMSI (Jurnal Ekonomi, Manajemen, Dan Akuntansi), 9(2), 492–500. https://doi.org/10.35870/jemsi.v9i2.1073.
Salsabila, A., Adiza, T. N., Sulistyani, A., Gaol, P. L., & Laia, I. (2025). Pengaruh likuiditas dan profitabilitas terhadap harga saham pada perusahaan manufaktur tekstil dan garmen. Jurnal Ekonomi Dan Bisnis, 4(1), 30–39. https://doi.org/10.57151/jeko.v4i1.877.
Sinaga, J. B. L. A. B., Bradley, Susanti, S., & Pricilia, L. (2021). Analisis likuiditas, solvabilitas, profitabilitas, kepemilikan institusional dan ukuran perusahaan terhadap harga saham pada perusahaan manufaktur. Jurnal Ilmiah MEA, 5(2), 1000–1017.
Yunanto, A., Nodi, A., & Putra, M. (2025). Pengaruh profitabilitas (ROA), (ROE), dan leverage (DER) terhadap harga saham perusahaan pertambangan yang terdaftar di BEI 2019-2023. Jurnal Mutiara Ilmu Akuntansi, 3.
Zutter, J. C., & Smart, B. S. (2022). Principles of managerial finance (Harlow ed.).
Downloads
Published
Issue
Section
License
Copyright (c) 2025 Shinta Kanjaya, Muhammad Muhammad
This work is licensed under a Creative Commons Attribution 4.0 International License.
Authors who publish with this journal agree to the following terms:
1. Copyright Retention and Open Access License
Authors retain copyright of their work and grant the journal non-exclusive right of first publication under the Creative Commons Attribution 4.0 International License (CC BY 4.0).
This license allows unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited.
2. Rights Granted Under CC BY 4.0
Under this license, readers are free to:
- Share — copy and redistribute the material in any medium or format
- Adapt — remix, transform, and build upon the material for any purpose, including commercial use
- No additional restrictions — the licensor cannot revoke these freedoms as long as license terms are followed
3. Attribution Requirements
All uses must include:
- Proper citation of the original work
- Link to the Creative Commons license
- Indication if changes were made to the original work
- No suggestion that the licensor endorses the user or their use
4. Additional Distribution Rights
Authors may:
- Deposit the published version in institutional repositories
- Share through academic social networks
- Include in books, monographs, or other publications
- Post on personal or institutional websites
Requirement: All additional distributions must maintain the CC BY 4.0 license and proper attribution.
5. Self-Archiving and Pre-Print Sharing
Authors are encouraged to:
- Share pre-prints and post-prints online
- Deposit in subject-specific repositories (e.g., arXiv, bioRxiv)
- Engage in scholarly communication throughout the publication process
6. Open Access Commitment
This journal provides immediate open access to all content, supporting the global exchange of knowledge without financial, legal, or technical barriers.
