Abstract
This research aims to examine and analyze the effect of current ratio, total asset turnover, debt to equity ratio and return on equity on the value of stock of textile and garment companies in the Indonesia Stock Exchange for the period of 2012 to 2019. This research uses annual data for the observation period from 2012 to 2019. The population is textile and garment companies listed on the Indonesia Stock Exchange in 2012 to 2019 and up to 19 companies. The sampling technique used purposive sampling, found a sample of 7 companies with 8 years observation so that the total observation obtained was 56. The model used is the Common Effect Model. The results of the analysis show that the total asset turnover have a significant negative effect and return on equity have a significant positive effect, while the current ratio and debt to equity ratio have no significant effect on stock returns of textile and garment companies in the Indonesia Stock Exchange for the period of 2012 to 2019.
Highlights
Indonesia Stock Exchange (IDX) is the current capital market Transaction Center.Indonesia Stock Exchange as one of the capital market that can be used as alternative funding for all sectors of the company in Indonesia
There is no effect of the current ratio on stock returns in textile and garment companies listed on the Indonesia Stock Exchange (IDX) for the period 2012-2019
There is a negative effect of total asset turnover on stock returns in textile and garment companies listed on the Indonesia Stock Exchange (BEI) for the period 2012-2019
Summary
Indonesia Stock Exchange (IDX) is the current capital market Transaction Center. Indonesia Stock Exchange as one of the capital market that can be used as alternative funding for all sectors of the company in Indonesia. One of subsectors in the Indonesia Stock Exchange are the textile and garment subsector. There are 19 companies in the textile and garment subsector. The textile and garment subsector has a major contribution to various aspects ranging from foreign investment (PMA), domestic investment (PMDN), export activities, foreign exchange receipts, state revenues, and gross domestic products. The textile and garment subsector is able to open the job field and absorb the workforce which later reduce unemployment and require large funds so as to fulfill the funds the company will need funds from investors, the author
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