Pengaruh Tingkat Modal Kerja Terhadap Harga Saham Pada Perusahaan Otomotif dan Komponen yang Terdaftar di BEI Periode 2014-2018

Abstract

This study aims to determine the effect of the level of working capital on stock prices on automotive companies & components listed on the Indonesia Stock Exchange. The population in this study is the automotive companies & components listed on the Indonesia Stock Exchange 2014-2018 period, amounting to 13 companies. The research sample consisted of 4 companies. Based on the t test results Cash Turnover has a probability value of 0.1995> 0.05 and obtained tcount < ttable where -1.351826 <1.74588 and has a coefficient - 61.16062 which means that partially cash turnover does not have a significant effect on stock prices. Turnover accounts receivable has a probability value of 0.6566> 0.05 and obtained tcount < ttable where 0.454966 <1.74588 and has a coefficient of 0.403262 which means that partially the turnover of receivables has no significant effect on stock prices. Inventory turnover has a probability value of 0.0405 <0.05 and obtained tcount < ttable where 2.274869> 1.74588 and has a coefficient of 3552.695 which means that partially inventory turnover has a significant positive effect on stock prices. Based on the F test, cash turnover, accounts receivable turnover and inventory turnover have a probability value of 0,000 < 0.05 and obtained a Ftable value of 3.24 and a Fcount value of 12.80464 which means that Fcount > Silent simultaneous cash turnover, receivable receivables and inventory turnover have an effect on stock price. Determination coefficient (R2) value is 0.7884, so it can be concluded that 78.8484% of the share price is influenced by cash turnover, accounts receivable turnover and inventory turnover and the remaining 21.16% is influenced by other variables not examined in this study.