This study aims to determine: (1) the effect of cash flow from operating
activities on stock returns, (2) the effect of return on assets (ROA) on stock
returns, (3) the effect of liquidity on stock returns, (4) cash flow from operating
activities. , Return on assets (ROA) and Liquidity (CR) together on stock returns
for the 2014-2019 period. The research data analyzed amounted to 96 data
obtained from the company's annual financial statements in the Indonesian Stock
Exchange (IDX). This research type is quantitative research. The data analysis
technique used is descriptive statistics, classical assumption test, and multiple
linear regression analysis. The results showed that the liquidity variable (CR) had
a positive and significant effect on stock returns. Meanwhile, the variable return
on assets (ROA) and cash flow from operating activities have no effect on stock
returns.