The Effect of Return on Assets, Debt to Equity Ratio, and Total Assets Turnover on Stock Returns in Companies in the Transport and Logistics Sector Listed on the IDX in 2022-2024

Abstract

The purpose of this study is to investigate how stock returns of transportation and logistics companies listed on the Indonesia Stock Exchange (BEI) between 2022 and 2024 are affected by Return on Assets (ROA), Debt to Equity Ratio (DER), and Total Asset Turnover (TATO). This study employs a causal associative strategy in conjunction with a quantitative approach. Annual financial reports and stock price data were the sources of secondary data. Purposive sampling was used to choose 15 businesses with 45 observations. Multiple linear regression, classical assumption tests, and descriptive statistics were used to examine the data. The findings indicate that whereas DER and TATO have no discernible impact, ROA significantly improves stock returns. Concurrently, stock returns are not greatly impacted by ROA, DER, or TATO. 16.6% of the variation in stock returns can be explained by the model.