The Effect of Gross Profit Margin, Current Ratio and Total Debt To Asset Ratio on Stock Return with Inflation as a Moderating Variable in Property Companies Listed on the Indonesia Stock Exchange for the 2015-2018 Period

Abstract

The purpose of this study was to examine and analyze the effect of gross profit margin, current ratio, and total debt to asset ratio on stock return with inflation as a moderating variable in property companies listed on the Indonesia Stock Exchange for the 2015-2018 period. The research method used is a quantitative approach, the type of causal associative research. The population used in this study is a property company, totaling 50 companies, using a purposive sampling technique to obtain a sample of 14 companies. The data analysis model used in this research is multiple linear regression analysis and ui moderation. The results of this study indicate that gross profit margin partially has a positive and significant effect on stock returns in property companies listed on the Indonesia Stock Exchange for the 2015-2018 period. This shows that gross profit margin provides significant benefits in increasing the value of stock returns of property companies listed on the Indonesia Stock Exchange for the 2015-2018 period. 2015-2018. This part shows that the current ratio does not provide positive benefits in increasing stock returns in property companies listed on the Indonesian stock exchange. The debt to asset ratio has no positive and insignificant effect on stock returns in property companies listed on the Indonesia Stock Exchange for the 2015-2018 period. This shows that the debt to asset ratio does not provide positive benefits in increasing stock returns in property companies listed on the Indonesia Stock Exchange. Gross profit margin, current ratio, and total debt to asset ratio affect stock returns in property companies listed on the Indonesia Stock Exchange. Inflation is not a moderating variable that can strengthen the influence of gross profit margin, current ratio, and total debt to asset ratio on stock returns in property companies for the 2015-2018 period.