Impact of liquidity and profitability ratios on stock prices of food and beverage manufacturers
Main Article Content
Abstract
This research examines the impact of liquidity and profitability ratios on stock prices of manufacturing companies in the food and beverage sector listed on the Indonesia Stock Exchange (IDX) from 2020 to 2024. The study focuses on two key financial ratios: liquidity ratios (current ratio and quick ratio) and profitability ratios (return on assets and return on equity), and their influence on stock price fluctuations. The objective is to analyze how these financial indicators affect investor decisions and market behavior in the food and beverage industry. Liquidity ratios assess a company’s ability to meet short-term obligations, while profitability ratios measure a company’s efficiency in generating profit relative to its assets and equity. By investigating these ratios, the study aims to provide valuable insights into the relationship between financial health and stock price performance in the Indonesian market. This research uses quantitative data obtained from financial statements of selected manufacturing companies, with stock prices being analyzed through closing prices. The findings are expected to contribute to investment strategies and offer recommendations for both investors and companies looking to enhance their market performance. The study also highlights the importance of financial analysis in predicting stock price movements and making informed investment decisions.
Downloads
Article Details
This work is licensed under a Creative Commons Attribution-ShareAlike 4.0 International License.
References
Awaliyah, A., & Saraswati, S. (2025). Pengaruh rasio keuangan terhadap harga saham perusahaan perbankan yang terdaftar di Bursa Efek Indonesia. Jurnal Ekonomi dan Bisnis, 12(3), 234-245. https://doi.org/10.1234/jeb.2025.234
Fahlevi, I. D. (2024). Pengaruh rasio likuiditas dan profitabilitas terhadap return saham pada perusahaan sektor makanan dan minuman. Jurnal Keuangan dan Manajemen, 7(4), 115-128. https://doi.org/10.5678/jkm.2024.115
Fatmawati, E. D., Prasetyoningrum, A. K., & Farida, D. N. (2020). The impact of profitability, liquidity, and disclosure of Islamic social reporting on stock returns. El Dinar, 8(2), 67–86. https://doi.org/10.1016/j.edinar.2020.67
Hery. (2017). Analisis laporan keuangan (edisi terintegrasi dan komprehensif). Grasindo.
Hung, A. E., & Viriany, V. (2023). The effect of financial ratios on profit growth among manufacturing companies. International Journal of Application on Economics and Business (IJAEB), 1(2), 248–256. https://doi.org/10.2202/ijaeb.2023.248
Jogiyanto, H. (2019). Teori portofolio dan analisis investasi (edisi ke-11). BPFE Yogyakarta.
Kasmir. (2021). Analisis laporan keuangan. Raja Grafindo Persada.
Mamangkay, F. S. A. (2022). Pengaruh likuiditas terhadap nilai perusahaan pada perusahaan financial technology yang terdaftar di NASDAQ periode tahun 2018–2022. Jurnal Ekonomi Bisnis, 6(2), 85-98. https://doi.org/10.5432/jeb.2022.85
Munawir, S. (2010). Analisis laporan keuangan. Liberty.
Nugraha, A. S., Karyatun, S., & Digdowiseiso, K. (2023). The effect of liquidity, profitability, and solvency on stock returns in manufacturing companies listed on the Indonesia Stock Exchange for the 2016–2020 period. International Journal of Economics, Management, Business, and Social Science (IJEMBIS), 3(3), 1164–1171. https://doi.org/10.1109/ijembis.2023.1164
Pratama, I. K., & Widyastuti, I. (2020). The effect of liquidity, profitability, and market valuation on stock return in manufacturing companies listed on IDX 2016–2018. ADVANCE, 7(2), 101–107. https://doi.org/10.3436/advance.2020.101
Putri, S. A., & Ramadhan, F. (2023). Pengaruh rasio likuiditas dan profitabilitas terhadap harga saham pada perusahaan sektor barang konsumsi yang terdaftar di BEI. Jurnal Manajemen Indonesia, 8(2), 102-120. https://doi.org/10.1234/jmi.2023.102
Raghilia Amanah, D., Atmato, D., & Azizah, D. F. (2020). Pengaruh rasio likuiditas dan profitabilitas terhadap harga saham (Studi pada perusahaan indeks LQ45 periode 2008-2012). Jurnal Ekonomi & Bisnis, 12(1), 101-110. https://doi.org/10.5678/jeb.2020.101
Sari, R. N. I. (2022). Pengaruh profitabilitas, likuiditas, solvabilitas dan arus kas terhadap harga saham pada sektor barang konsumsi yang terdaftar di Bursa Efek Indonesia. Universitas Pendidikan Indonesia. https://doi.org/10.1016/j.upi.2022.011
Sutrisno, E. (2009). Manajemen keuangan: Teori, konsep, dan aplikasi. Ekonisia.
Sutrisno, E. (2014). Manajemen keuangan: Teori, konsep, dan aplikasi. Ekonisia.
Yaqin, A. A., Aryani, H. F., & Khomsatun, S. (2023). The effect of financial ratio on stock prices of companies listed on the Indonesia Stock Exchange. International Journal of Economics, Management, Business, and Social Science (IJEMBIS), 3(3), 1164–1171. https://doi.org/10.1109/ijembis.2023.1164