PENGARUH EARNING PERSHARE, TOTAL ASSET TURNOVER DAN DEBT TO EQUITY RATIO TERHADAP DEVIDEND PAYOUT RATIO PADA PERUSAHAAN FARMASI YANG TERDAFTAR DI BURSA EFEK INDONESIA TAHUN 2019 – 2023

Abstract

This study aims to find out the Effect of Earning Per Share, Total Asset Turnover and Debt To Equity Ratio on Dividend Payout Ratio in Pharmaceutical Companies Listed on the Indonesia Stock Exchange in 2019 - 2023. To measure the four variables studied, this study uses an associative method. The research sample that has been described above, then pharmaceutical companies listed on the Indonesia Stock Exchange (IDX) for the 2019-2023 period that pass the criteria are 7 companies. The results of the study showed that EPS had no effect on the House of Representatives as the results of the t-test showed a t¬hit < t¬tab, where the relationship between EPS and the House of Representatives was inversely proportional. TATO has an effect on the House of Representatives as the results ofthe t-test show a t¬hit > t¬tab, while the variable X2 (TATO) and the House of Representatives have a positive or directly proportional relationship. DER affects the House of Representatives as the results of the t-test show a t¬hit > t¬tab, while the variable X3 (DER) with the House of Representatives has a positive relationship or is directly proportional to the assumption that if the DER rises, the House of Representatives will rise. Simultaneously, EPS, TATO and DER together affect the House of Representatives.