Financial ratio analysis in stock price: Evidence from Indonesia

Main Purpose - This study aims to examine the association between financial ratios (including return on assets, debt equity ratio, cash and total assets turnover ratio) with stock prices of Indonesian listed company in Indonesia Stock Exchange (IDX) except SIC 6 during 2015 – 2020.Method used Signaling theory asymmetric information as a theoretical base for testing this using purposive sampling technique. research obtained final samples 1603 firm-year observation regression analysis answer hypotheses.Main Findings The results show that ratio have positive significant correlation price. While has negative Meanwhile, no price.Theory Practical Implications are expected contribute both literature practice. First, expands types associated well information, second, help investors perform fundamental estimate value target company.Novelty provides novelty form latest data updates until 2020 old or young categories which related low high information.