Influence of Total Asset, Working Capital and Cash Flow with Net Profit as Mediation on Stock Price of Plastics and Packaging Industry Sub-Sector in Indonesia Stock Exchange

Authors

  • Ali Akbar Universitas Batanghari Jambi, Indonesia

DOI:

https://doi.org/10.38035/dijemss.v6i2.3604

Keywords:

Total Asset, Working Capital, Cash Flow, Net Profit, Stock Price

Abstract

The aim of this research is to determine and analyze influence of Total Asset, Working Capital and Cash Flow with Net Profit as mediate variable on Stock Price at Plastics and Packaging industry sub-sector on the Indonesian stock exchange. Annual reports and closing Stock Price used on this research as secondary data. Sample of data using Plastic and Packaging industry sub-sector on the Indonesia Stock Exchange for the period 2016-2022. Sampling method been using purposive sampling. Path analysis with SPSS software used for this research to analyzing data. The sampling method uses purposive sampling. Research results: 1) The direct effect of Total Asset, Working Capital and Cash Flow on Stock Price are greater than the indirect effect of Total Asset, Working Capital and Cash Flow through Net Profit on Stock Price. 2) Total Asset, Working Capital and Cash Flow simultaneously have significant effect on Net Profit. 3) Partially Total Asset has positive and significant effect on Net Profit, Working Capital has positive and insignificant effect on Net Profit and Cash Flow has positive and significant effect on Net Profit. 4) Total Asset, Working Capital and Cash Flow simultaneously have significant effect on Stock Price. 5) Partially Total Asset has positive and significant effect on Stock Price, Working Capital has positive and insignificant effect on Stock Price and Cash Flow has positive and significant effect on Stock Price. 6) Net Profit has positive and significant effect on Stock Price.

References

Ernawati, Yenny & Eny Purwaningsih. (2022). Pengaruh Total Arus Kas, Debt to Equity Ratio dan Return On Assets Terhadap Harga Saham. Jurnal Ilmiah Manajemen, Ekonomi dan Akuntansi. Vol.6. No.2. 1708-1726.

Fahmi, I. (2015). Pengantar Manajemen Keuangan Teori dan Soal Jawab. Bandung : Alfabeta.

Ghozali, Imam. (2013). Aplikasi Analisis Multivariate dengan Program IBM SPSS 21, Update PLS Regresi. Semarang: Badan Penerbit Universitas Diponegoro.

Hiltari, Ni Putu Saka & Sri Rahayu. (2015). Pengaruh Laba Bersih dan Komponen Arus Kas Terhadap Harga Saham Perusahaan yang Terdaftar di Indeks LQ 45 Bursa Efek Indonesia. eProceedings of Management. 2(3).

Juwita. Dikdik Harjadi & Dendi Purnama. (2021). Total Aset, Risiko Bisnis, Pertumbuhan Aset dan Profitabilitas Terhadap Harga Saham. Jurnal Media Komunikasi dan Bisnis. Vol.12. No.2. 33-42.

Kasmir. (2019). Analisis Laporan Keuangan . Depok : PT. Raja Grafindo Persada.

Lubis, Syarif Hidayah & Ni Putu Winda Ayuningtyas. (2022). Pengaruh Aset, Hutang dan Modal Kerja Terhadap Harga Saham Sektor Perkebunan Kelapa Sawit. PRIVE : Jurnal Riset Akuntansi dan Keuangan. Vol.5. No.2. 153-161.

Munawir. (2014). Analisis Laporan Keuangan. Jakarta: PT. Rajawali Pers.

Nuraeni, Penti & Siarwi. (2022). Analisis Pengaruh Perputaran Modal Kerja dan Laba Bersih Terhadap Harga Saham. ADVANCE : Journal of Accounting. Vol.9. No.2. 57-69.

Sujarweni, V.Wiratna. (2017). Analisis Laporan Keuangan ; Teori, Aplikasi & Hasil Penelitian, Pustaka Baru Press. Yogyakarta.

Sutrisno, Arwin & Riyo Riyadi. (2021). Pengaruh Modal Kerja Terhadap Laba Pada PT. Telekomunikasi Indonesia (Persero) Tbk. E-Journal Equilibrium Manajemen, Vol.7, No.1.

Zulkarnain, Muhammad. (2020). Pengaruh Total Aktiva dan Pendapatan Terhadap Laba Bersih (Studi Perusahaan Perbankan LQ 45 BEI). Journal of Applied Business Administration. Vol.4. No.1. 1-8.

Downloads

Published

2024-12-09

How to Cite

Akbar, A. (2024). Influence of Total Asset, Working Capital and Cash Flow with Net Profit as Mediation on Stock Price of Plastics and Packaging Industry Sub-Sector in Indonesia Stock Exchange. Dinasti International Journal of Education Management And Social Science, 6(2), 821–827. https://doi.org/10.38035/dijemss.v6i2.3604