PENGARUH CURRENT RATIO, TOTAL ASSET TURNOVER RATIO, DEBT TO EQUITY RATIO TERHADAP PRICE BOOK VALUE DENGAN RETURN ON ASSET SEBAGAI INTERVENING PADA PERUSAHAAN JASA PERHOTELAN DI BURSA EFEK INDONESIA PERIODE 2013-2017

Abstract

This research examines the effect of the current ratio, total asset turnover ratio, debt to equity ratio on the price book value with the return on asset ratio as an intervention variable in the hospitality service company in the IDX. The sampling in this research were 9 companies with a total of 45 annual company financial statements. Based on the result of data analysis, it was obtained that total asset turnover affected significantly on price to book value. On the contrary, current ratio, debt to equity ratio, return on asset ratio and return on asset did not affect significantly on price to book value. Current ratio and Total asset turnover ratio affected positive and have coefficients value is not significant to the company value with Return on asset as intervening ratio. Debt to equity ratio affected negative and have coefficients value is not significant to the company value with Return on asset as intervening variable in hospitality services companies on the IDX period 2013-2017.