Akuntansi PrimaThe Effect Of Solvency, Profitability, Sales Growth, Liquidity, Company Age, And Receivables Turnover On The Stock Price Of Companies In The Consumer Goods Sector Listed On The Indonesia Stock Exchange In The Period Of 2021 - 2023

Abstract

The This study aims to analyze the effect of solvency, profitability, sales growth,
liquidity, company age, and accounts receivable turnover on stock prices of consumer
goods sector companies listed on the Indonesia Stock Exchange during the period 2021–
2023. This study uses a quantitative approach that is systematic and structured, with a
causal or explanatory design to evaluate the existence of a causal relationship between
variables. In this context, changes in the independent variables are tested to see their
impact on the dependent variable. The study population included 60 consumer goods
sector companies listed on the IDX during the period, from which 66 samples were
selected using a purposive sampling technique based on specific characteristics. The
analysis results show that solvency partially has a significant effect on stock prices, while
profitability does not substantially impact stock prices. Sales growth was found to have
a significant adverse effect on stock prices, while liquidity did not show a significant
impact. Company age has a significant positive effect partially on stock prices, while
accounts receivable turnover does not have a considerable impact. Overall, solvency,
profitability, sales growth, liquidity, company age, and accounts receivable turnover
simultaneously have a positive and significant impact on stock prices.