Published: 2025-10-01

Pengaruh Solvabilitas, Likuiditas dan Profitabilitas Terhadap Harga Saham Sektor Transportasi dan Logistik

DOI: 10.35870/jemsi.v11i5.4445

Shinta Kanjaya, Muhammad Muhammad
  • Shinta Kanjaya: Universitas Bina Insani
  • Muhammad Muhammad: Universitas Bina Insani
Issue Cover
Article Metrics
Share:

Abstract

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.

Keywords

Solvency; Liquidity; Profitability; Stock Price

Peer Review Process

This article has undergone a double-blind peer review process to ensure quality and impartiality.

Indexing Information

Discover where this journal is indexed at our indexing page.

Open Science Badges

This journal supports transparency in research and encourages authors to meet criteria for Open Science Badges.

How to Cite

Kanjaya, S., & Muhammad, M. (2025). Pengaruh Solvabilitas, Likuiditas dan Profitabilitas Terhadap Harga Saham Sektor Transportasi dan Logistik. JEMSI (Jurnal Ekonomi, Manajemen, Dan Akuntansi), 11(5), 3208-3221. https://doi.org/10.35870/jemsi.v11i5.4445
Article Information

This article has been peer-reviewed and published in the JEMSI (Jurnal Ekonomi, Manajemen, dan Akuntansi). The content is available under the terms of the Creative Commons Attribution 4.0 International License.

  • Issue: Vol. 11 No. 5 (2025)

  • Section: Articles

  • Published: 2025-10-01

AI Research Hub

This article is indexed and available through various AI-powered research tools and citation platforms. Our AI Research Hub ensures that scholarly work is discoverable, accessible, and easily integrated into the global research ecosystem.

Semantic Scholar Scite Dimensions Connected Papers
Scholarly Connection Platforms
Dimensions Dimensions Connected Papers Connected Papers Scite Scite Google Scholar Google Scholar Semantic Scholar Semantic Scholar Garuda Garuda Scilit Scilit Crossref Crossref BASE BASE Zenodo Zenodo Unpaywall Unpaywall OpenCitations OpenCitations
Author Biographies
Shinta Kanjaya, Universitas Bina Insani
Google Scholar ResearchGate ORCID

Program Studi Akuntansi, Fakultas Ekonomi dan Bisnis, Universitas Bina Insani, Indonesia.

Muhammad Muhammad, Universitas Bina Insani
Google Scholar ResearchGate ORCID

Program Studi Akuntansi, Fakultas Ekonomi dan Bisnis, Universitas Bina Insani, Indonesia.

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.
    Google Scholar Scite Semantic Scholar Scilit Crossref Connected Papers
  • 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).
    Google Scholar Scite Semantic Scholar Scilit Crossref Connected Papers
  • 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.
    Google Scholar Scite Semantic Scholar Scilit Crossref Connected Papers
  • 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.
    Google Scholar Scite Semantic Scholar Scilit Crossref Connected Papers
  • 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.
    Google Scholar Scite Semantic Scholar Scilit Crossref Connected Papers
  • 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.
    Google Scholar Scite Semantic Scholar Scilit Crossref Connected Papers
  • 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.
    Google Scholar Scite Semantic Scholar Scilit Crossref Connected Papers
  • 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.
    Google Scholar Scite Semantic Scholar Scilit Crossref Connected Papers
  • 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.
    Google Scholar Scite Semantic Scholar Scilit Crossref Connected Papers
  • 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.
    Google Scholar Scite Semantic Scholar Scilit Crossref Connected Papers
  • Kasmir. (2019). Analisis laporan keuangan.
    Google Scholar Scite Semantic Scholar Scilit Crossref Connected Papers
  • 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.
    Google Scholar Scite Semantic Scholar Scilit Crossref Connected Papers
  • 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.
    Google Scholar Scite Semantic Scholar Scilit Crossref Connected Papers
  • 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.
    Google Scholar Scite Semantic Scholar Scilit Crossref Connected Papers
  • 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.
    Google Scholar Scite Semantic Scholar Scilit Crossref Connected Papers
  • 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.
    Google Scholar Scite Semantic Scholar Scilit Crossref Connected Papers
  • 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.
    Google Scholar Scite Semantic Scholar Scilit Crossref Connected Papers
  • 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.
    Google Scholar Scite Semantic Scholar Scilit Crossref Connected Papers
  • 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.
    Google Scholar Scite Semantic Scholar Scilit Crossref Connected Papers
  • 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.
    Google Scholar Scite Semantic Scholar Scilit Crossref Connected Papers
  • 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.
    Google Scholar Scite Semantic Scholar Scilit Crossref Connected Papers
  • 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.
    Google Scholar Scite Semantic Scholar Scilit Crossref Connected Papers
  • Zutter, J. C., & Smart, B. S. (2022). Principles of managerial finance (Harlow ed.).
    Google Scholar Scite Semantic Scholar Scilit Crossref Connected Papers
License & Copyright
Creative Commons License

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.

Downloads