Pengaruh Profitabilitas, Leverage Dan Perputaran Aset Terhadap Return Saham Perusahaan Non-Keuangan Yang Terdaftar Di Bursa Efek Indonesia

This study aims to determine the effect of financial performance, which consists of aspects of profitability, leverage, and asset turnover, on the stock returns of non-financial companies on the Indonesia Stock Exchange. The sample for this study was 177 non-financial companies, which were determined using a purposive sampling technique with a data period of 2019–2021. The data analysis technique used was logistic regression analysis, and the data analysis tool used IBM SPSS Statistics Version 26 software. The direct effect concluded that: 1) Profitability, as proxied by ROA, has a positive and significant effect on stock returns; 2) Leverage, as measured by DER, has a significant negative effect on stock returns; and 3) Asset turnover, as measured by S/A, has a significant negative effect on stock returns of non-financial companies listed on the Indonesia Stock Exchange in 2019–2021.
Keywords: Financial Performance, Stock Return and Logistic Regression