Bankruptcy Forecasting for Small and Medium-Sized Enterprises Using Cash Flow Data

2020 ◽  
pp. 477-487
Author(s):  
Yong Xu ◽  
Gang Kou ◽  
Yi Peng ◽  
Fawaz E. Alsaadi
Keyword(s):  
Cash Flow ◽  
Flow Data

RATZ IRR: Performance Measurement in the Absence of Cash Flow Data

2017 ◽  
Vol 20 (2) ◽  
pp. 51-63
Author(s):  
John Renkema ◽  
Rob van den Goorbergh ◽  
Carlos Garcia Rivas
Keyword(s):  
Performance Measurement ◽  
Cash Flow ◽  
Flow Data

Ratz IRR: Performance Measurement in the Absence of Cash Flow Data

2015 ◽  
Author(s):  
John Renkema ◽  
Rob van den Goorbergh ◽  
Carlos Garcia Rivas
Keyword(s):  
Performance Measurement ◽  
Cash Flow ◽  
Flow Data

scholarly journals The relative ability of earnings and cash flow data in forecasting future cash flows

2008 ◽  
Vol 20 (3) ◽  
pp. 254-268 ◽  
Author(s):  
Shadi Farshadfar ◽  
Chew Ng ◽  
Mark Brimble
Keyword(s):  
Cash Flow ◽  
Cash Flows ◽  
Flow Data ◽  
Relative Ability ◽  
Future Cash Flows

scholarly journals ANALISIS KELAYAKAN FINANSIAL PEMBANGUNAN RUSUNAWA (Studi Kasus Pembangunan Rusunawa POLDA JATIM-Surabaya)

2014 ◽  
Vol 8 (1) ◽  
pp. 93
Author(s):  
Muhamad Fajar Subkhan
Keyword(s):  
Cash Flow ◽  
Payback Period ◽  
Flow Data

Salah satu aspek kajian dalam pengambilan keputusan kelayakan suatu proyek adalah  melakukan analisis kelayakan finansial. Analisis kelayakan finansial diperlukan untuk mengukur layak atau tidaknya proyek untuk dilaksanakan. Pada analisis kelayakan finansial ini diambil obyek rencana proyek yaitu pembangunan Rusunawa POLDA Jatim. Analisis dilakukan dari dua alternatif : alternatif 1 tanpa biaya APBN dan alternatif 2 dengan biaya APBN. Perhitungan analisis finansial membutuhkan (1) data biaya investasi termasuk Rencana Anggaran Biaya, biaya tanah, dan biaya perijinan; (2) biaya operasional; (3) biaya perawatan dan pemeliharaan; (4) harga sewa hunian; dan (5) cash flow. Data tersebut diperoleh dari hasil wawancara dan perhitungan. Sedangkan penilaian kelayakan finansial berdasarkan parameter NPV, IRR, BCR, PP, dan analisis sensitivitas. Hasil dari studi ini diperoleh perhitungan biaya investasi untuk proyek sebesar Rp. 16.308.885.000,-, biaya operasional sebesar Rp._250.963.850,- pertahun, biaya perawatan dan pemeliharaan sebesar Rp. 56.000.000,- pertahun. Harga sewa rata-rata sebesar Rp. 768.603/bulan. Hasil dari analisis finansial pada alternatif 1 diperoleh payback period = 30,27 tahun dan berdasarkan analisis dengan metode NPV, IRR, dan BCR dikatakan tidak layak. Sedangkan pada alternatif 2 diperoleh payback period = 30,48 tahun dan berdasarkan analisis dengan metode NPV, IRR, dan BCR dikatakan layak. Hasil analisis sensitivitas alternatif 1 menunjukkan bahwa perubahan nilai inflasi tidak mempengaruhi penilaian kelayakan finansial dan pada alternatif 2 dengan inflasi = 12% menunjukkan nilai NPV semakin besar, waktu pengembalian semakin cepat, nilai IRR semakin menurun, dan nilai BCR tetap.Kata-kata kunci: analisis finansial, rusunawa, harga sewa, kelayakan

scholarly journals DETERMINAN SIKLUS KONVERSI KAS INDUSTRI MANUFAKTUR DI INDONESIA (STUDI PADA PERUSAHAAN MANUFAKTUR YANG TERDAFTAR DI BURSA EFEK INDONESIA)

2019 ◽  
Vol 24 (1) ◽  
pp. 50
Author(s):  
Muhammad Madyan
Keyword(s):  
Cash Flow ◽  
Debt Ratio ◽  
Flow Data ◽  
Operating Cash Flow

Penelitian ini bertujuan untuk menguji dan menganalisis determinan siklus konversi kas pada industri manufaktur di Indonesia. Variabel determinan siklus konversi kas yang digunakan pada penelitian ini adalah ukuran perusahaan, pertumbuhan penjualan, profitabilitas, debt ratio, quick ratio dan operating cash flow. Data yang digunakan adalah laporan keuangan perusahaan manufaktur yang terdaftar di Bursa Efek Indonesia dan memenuhi kelengkapan studi sejumlah 128 perusahaan dalam jangka waktu 2007-2011. Hasil penelitian ini menunjukkan bahwa profitabilitas, operating cash flow, ukuran perusahaan berpengaruh signifikan pada siklus konversi kas. Sedangkan variabel pertumbuhan penjualan, debt ratio, dan quick ratio berpengaruh tidak signifikan terhadap siklus konversi kas

scholarly journals Gestão Financeira Através do Fluxo de Caixa: Estudo de Geração de Dados para Tomada de Decisões em Propriedades Rurais / Financial Management Through Cash Flow: Data Generation Study for Decision-Making in Rural Properties

2021 ◽  
Vol 15 (54) ◽  
pp. 134-149
Author(s):  
Hadassa Landherr Friske ◽  
Ana Cristina Beck Serra Soares
Keyword(s):  
Decision Making ◽  
Cash Flow ◽  
Financial Management ◽  
Data Generation ◽  
Flow Data

O presente estudo se propõe a explorar a aplicação da gestão financeira através da utilização do fluxo de caixa com a finalidade de geração de dados e informações para a tomada de decisões para pequenos horticultores orgânicos em Alta Floresta – MT. A pesquisa se deu através de uma abordagem quantitativa, de natureza aplicada, com objetivo exploratório e utilizou como procedimentos a revisão bibliográfica e o estudo-ação, com coleta e análise de dados. Conclui-se que os objetivos do trabalho foram alcançados e que as hipóteses foram confirmadas parcialmente. Verificou-se que após o acompanhamento de seis meses, as propriedades evoluíram nas suas respectivas estratégias de gestão. Ainda foi possível identificar o produto mais vendido, aprimorar o controle orçamentário e o controle de caixa, acompanhar a evolução dos resultados, bem como, da estrutura do caixa.

scholarly journals THE PREDICTIVE ABILITY OF EARNINGS VERSUS CASH FLOW DATA TO PREDICT FUTURE CASH FLOWS: A FIRM-SPECIFIC ANALYSIS

2018 ◽  
Vol 1 (2) ◽  
pp. 113
Author(s):  
Supriyadi Supriyadi
Keyword(s):  
Cash Flow ◽  
Prediction Models ◽  
Value Relevance ◽  
Accounting Information ◽  
Cash Flows ◽  
Manufacturing Firms ◽  
Flow Data ◽  
Data Set ◽  
Flow Variables ◽  
Future Cash Flows

This study evaluated the value-relevance of accounting information (earnings and cash flows) in Indonesia to predict a firm’s future operating cash flows. The predictive usefulness of earnings and cash flows in association with future cash flows is of interest for three reasons. They include providing empirical evidence on the relevant accounting information to assess a firm’s future cash flows, information about the behavior and properties of Indonesian accounting information, and evidence of – or at least providing a basis for evaluating–the validity of the IndonesianAccounting Standards Committee (KPSAK) assertion on the usefulness of accounting information to assess future cash flows.The study evaluated three cash flow prediction models that employed cash flow, earnings, and a combination of earnings-cash flow variables. The models were applied on a firm-specific data set. The data used in this study were semi-annual data for the 61 sample firms (manufacturing firms)listed in the Jakarta Stock Exchange (JSX) spanning the years 1990-1997. The results of this study supported the proposed hypothesis that cash flow data provided better information to assess a firm’s future cash flows than earnings data. Since this study employed manufacturing firms only, future research is necessary to evaluate the robustness of the results to otherpopulations of firms and/or by using an alternative deflator of earnings and cash flows, such as consumer price index (CPI) or market value of the firms. Further extensions of this study include additional refinements of the prediction models on an industry-specific basis and disaggregating cash flow variables into operating, investing, and financing components in order to measure the value-relevance of the statement of cash flows.

scholarly journals Informativeness And Predictability Of Cash Flows

2011 ◽  
Vol 14 (2) ◽  
pp. 21 ◽  
Author(s):  
Zhemin Wang ◽  
John Eichenseher
Keyword(s):  
Information Content ◽  
Cash Flow ◽  
Cash Flows ◽  
Capital Asset Pricing ◽  
Flow Data ◽  
Incremental Information ◽  
Research Findings ◽  
The Relationship ◽  
Future Cash Flows ◽  
Increasing Function

<span>This study investigates the relationship between the informativeness and the predictability of cash flow data. Predictability is defined as the ability of an accounting variable to predict future cash flows. Using a two-signal capital asset pricing model, this study predicts that the incremental informativeness of cash flows is an increasing function of its predictability and a decreasing function of the predictability of earnings. The empirical evidence is consistent with this prediction. This study contributes to the cash flow/earnings literature in that it identifies a context in which cash flow data possess significant incremental information content beyond that reflected in earnings. The research findings of this study also have methodological implications for other incremental information content studies. Specifically, it suggests that the informativeness of alternative information is an important factor in examining the incremental information of an accounting variable.</span>

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