Journal of Economics, Finance and Management Studies ISSN (print): 2644-0490, ISSN (online): 2644-0504 Volume 5 Issue 10 October 2022 Article DOI: 10.47191/jefms/v5-i10-14, Impact Factor: 6.274 Page No. 2934-2942 JEFMS, Volume 5 Issue 10 October 2022 www.ijefm.co.in Page 2934 The Effect of Gross Profit Margin, Current Ratio and Total Debt To Asset Ratio on Stock Return with Inflation as a Moderating Variable in Property Companies Listed on the Indonesia Stock Exchange for the 2015-2018 Period Dina Anggriani 1 , Nagian Toni 2 , Rasinta Ria Ginting 3 1,2,3 Universitas Prima Indonesia ABSTRACT: The purpose of this study was to examine and analyze the effect of gross profit margin, current ratio, and total debt to asset ratio on stock return with inflation as a moderating variable in property companies listed on the Indonesia Stock Exchange for the 2015-2018 period. The research method used is a quantitative approach, the type of causal associative research. The population used in this study is a property company, totaling 50 companies, using a purposive sampling technique to obtain a sample of 14 companies. The data analysis model used in this research is multiple linear regression analysis and ui moderation. The results of this study indicate that gross profit margin partially has a positive and significant effect on stock returns in property companies listed on the Indonesia Stock Exchange for the 2015-2018 period. This shows that gross profit margin provides significant benefits in increasing the value of stock returns of property companies listed on the Indonesia Stock Exchange for the 2015-2018 period. 2015-2018. This part shows that the current ratio does not provide positive benefits in increasing stock returns in property companies listed on the Indonesian stock exchange. The debt to asset ratio has no positive and insignificant effect on stock returns in property companies listed on the Indonesia Stock Exchange for the 2015-2018 period. This shows that the debt to asset ratio does not provide positive benefits in increasing stock returns in property companies listed on the Indonesia Stock Exchange. Gross profit margin, current ratio, and total debt to asset ratio affect stock returns in property companies listed on the Indonesia Stock Exchange. Inflation is not a moderating variable that can strengthen the influence of gross profit margin, current ratio, and total debt to asset ratio on stock returns in property companies for the 2015-2018 period. KEYWORDS - Gross Profit Margin, Current Ratio and Total Debt To Asset Inflation and Stock Return I. INTRODUCTION The development of the property sector in the country has caught the attention of investors, as a result of field conditions that the growth of the property sector has experienced up and down. In recent years the growth of the property sector has been very vulnerable to being influenced by several factors such as the slowdown in economic growth, this is due to the many cases of unresolved political policies between the government and the private sector and the general public, resulting in the number of requests for the property business. decrease. From 2014 to 2016, the property sector slowly declined, starting with the limitation of property loans and the government's policy of issuing a high loan-to-value/LTV ratio that forced property players, especially speculators, to be extra careful. Stock is an investment instrument that is chosen by many investors because it is considered capable of providing an attractive level of profit and is easy to trade. One of the benefits (return) on the stock investment is obtained by investors from the difference between the selling value which is higher than the purchase value of the shares or also known as capital gains. However, in recent years the condition of the stock market in Indonesia is getting better, this can be seen in the value of the Composite Stock Price Index (IHSG) as a composite index of all shares of companies listed on the Indonesia Stock Exchange which continues to strengthen in 2016 to date which indicates that investment activity Stocks in Indonesia are increasingly in demand by investors. Fluctuations in the acquisition of stock returns are considered reasonable in stock investment in the capital market. As many investors know that Investment is an activity that is closely related to profit and loss opportunities. Fluctuations in the acquisition of stock returns are considered reasonable in stock investment in the capital market. As many investors know that. Investment is an activity that