Proceedings of the 10th Padang International Conference on Education, Economics, Business and Accounting (PICEEBA-2 2022)

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Analysis of Return on Asset, Return on Equity, and Current Ratio on Stock Return: The Moderating Role of Earning Per Share

Authors
Siti Rahmi Hidayatullah1, *
1Universitas Negeri Padang, Padang, Indonesia
*Corresponding author. Email: sitirahmihidaya@unp.ac.id
Corresponding Author
Siti Rahmi Hidayatullah
Available Online 16 September 2025.
DOI
10.2991/978-94-6463-839-4_142How to use a DOI?
Keywords
Stock Return; Return On Asset; Return On Equity; Current Ratio; and Earnings Per Share
Abstract

The main driver of this research is the average stock returns of manufacturing companies which are volatile or unstable. This purpose of this study is to examine how return on asset, return on equity, and current ratio affect the stock return with earning per share as a moderating variable. The study is a quantitative study that examines every manufacturing business that is listed on the IDX from 2017–2021. Purposive sampling is used in the study, and there are 55 samples of manufacturing companies. Secondary data is financial reports that can be accessed on the official IDX website (www.idx.co.id) and www.yahoofinance.com. Using Eviews 9 software, MRA (Moderated Analysis Regression) analysis was used to examine this study. The findings of this investigation show that ROA, ROE, and current ratio have a significant effect on stock returns. Furthermore, the MRA regression results show that the impact of ROA on stock returns is mitigated by earnings per share, Earnings per share have no moderating influence on stock returns from return on equity, and earning per share also does not mitigate the current ratio’s impact on stock return.

Copyright
© 2025 The Author(s)
Open Access
Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/), which permits any noncommercial use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.

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Volume Title
Proceedings of the 10th Padang International Conference on Education, Economics, Business and Accounting (PICEEBA-2 2022)
Series
Advances in Economics, Business and Management Research
Publication Date
16 September 2025
ISBN
978-94-6463-839-4
ISSN
2352-5428
DOI
10.2991/978-94-6463-839-4_142How to use a DOI?
Copyright
© 2025 The Author(s)
Open Access
Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/), which permits any noncommercial use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.

Cite this article

risenwbib
TY  - CONF
AU  - Siti Rahmi Hidayatullah
PY  - 2025
DA  - 2025/09/16
TI  - Analysis of Return on Asset, Return on Equity, and Current Ratio on Stock Return: The Moderating Role of Earning Per Share
BT  - Proceedings of the 10th Padang International Conference on Education, Economics, Business and Accounting (PICEEBA-2 2022)
PB  - Atlantis Press
SP  - 1804
EP  - 1816
SN  - 2352-5428
UR  - https://doi.org/10.2991/978-94-6463-839-4_142
DO  - 10.2991/978-94-6463-839-4_142
ID  - Hidayatullah2025
ER  -