scholarly journals Analisis Informasi Laporan Arus Kas Untuk Mengukur Kinerja Keuangan Pada Pt Semen Indonesia (Persero) Tbk Periode 2014-2016 Yang Terdaftar Di Bursa Efek Indonesia

2020 ◽  
Vol 5 (1) ◽  
pp. 19-22
Author(s):  
Aqnes Dwi Sakti Hamidah
Keyword(s):  
Financial Performance ◽  
Cash Flow ◽  
Capital Expenditure ◽  
Cash Flows ◽  
Analysis Tool ◽  
Company Performance ◽  
Short Term ◽  
Flow Of Funds ◽  
Operating Cash Flows ◽  
Qualitative Descriptive

PT. Semen Indonesia (Persero) Tbk reports cash flow reports annually to make use of cash flow report  information  as  an important company  performance  analysis tool.  One analysis of financial performance using cash flow statements is the ratio of cash flow statements. The purpose of this study is to find out how to analyze cash flow statements to measure financial performance at PT. Semen Indonesia (Persero) Tbk from 2014 to 2016. This study uses data analysis techniques with qualitative descriptive methods, namely by calculating the ratio of operating cash flows, the ratio of cash coverage to current debt, the ratio of capital expenditure, the ratio of total debt, the ratio of cash to interest coverage , and the ratio of the flow of funds. The results of this study indicate that financial performance at PT. Semen Indonesia (Persero) Tbk in 2014 to 2016 is where from six ratios are calculated into two ratios that meet the standards of more than one, namely the CKB and CAD ratios and the other four ratios are below one. Means that all cash flows owned by the company only have more potential to pay short- term liabilities.

scholarly journals Analisis Kinerja Keuangan Pada PT Asuransi Ramayana Tbk Dengan Pendekatan Cash Flow Untuk Tahun 2014-2017

2019 ◽  
Vol 9 (1) ◽  
pp. 105
Author(s):  
Julia T. Wahani ◽  
Tinneke M. Tumbel ◽  
Dantje Keles
Keyword(s):  
Financial Performance ◽  
Cash Flow ◽  
Capital Expenditure ◽  
Cash Flows ◽  
Insurance Companies ◽  
Analysis Tool ◽  
Flow Ratio ◽  
Operating Cash Flows ◽  
Total Debt ◽  
Operating Cash Flow

This study aims to determine the financial performance of PT Asuransi Ramayana Tbk by using a cash flow ratio analysis. The type of data used in this study is quantitative data. The data source used in this study is secondary data sources. The technique of collecting data using the documentation method is by retrieving data contained in the Indonesia Stock Exchange. The data analysis tool used is the Operating Cash Flow Ratio (AKO), Operating Cash Flow Ratio to Total Debt (AKOTH), Cash Flow Ratio to Capital Expenditures (AKOPM) and Cash Flow Ratio to Net Income (AKOLB). The results of this study indicate that the financial performance of PT Asuransi Ramayana Tbk. based on the 2014-2017 operating cash flow ratio is not good because it is below the value 1. So that insurance companies are unable to pay current and total debt obligations through operating cash flows, difficulty financing their capital expenditure through operating cash flows, and the possibility that the company has not been able to pay dividends to customers using operating cash flows. PT Asuransi Ramayana Tbk must increase company revenue and reduce excessive investment expenditure.

scholarly journals ANALISIS PENGARUH ARUS KAS OPERASI DAN LABA AKUNTANSI TERHADAP RETURN SAHAM PERUSAHAAN PERAIH INVESTMENT AWARD (BEST ISSUERS) DI BURSA EFEK INDONESIA

2018 ◽  
Vol 7 (2) ◽  
pp. 29-44
Author(s):  
Ika Neni Kristanti
Keyword(s):  
Stock Returns ◽  
Cash Flow ◽  
Stock Return ◽  
Stock Exchange ◽  
Secondary Data ◽  
Financial Statements ◽  
Cash Flows ◽  
Company Performance ◽  
Operating Cash Flows ◽  
Operating Cash Flow

Investors in investing always expect high stock returns. Therefore, investors should be able to assess which companies have good performance, so the stock return is also high. The financial statements, particularly those relating to information on changes in operating cash flows and corporate accounting profit, are one of the important information that can be used by investors to assess company performance. This study aims to provide empirical evidence related to the effect of operating cash flow and accounting earnings on stock returns. The data in this study is secondary data obtained from the company's annual financial statements in Indonesia Capital Market Directory (ICMD) and Indonesia Stock Exchange (IDX). This study was conducted using the company population of the company winning the investment award (best issues) 2017 listed on the Indonesia Stock Exchange in 2015 and 2016. The result of this research is partially variable of operating cash flow (AKO) have positive and significant effect to stock return, while partially, variable of accountancy profit (LAK) have no effect to stock return and simultaneously variable operating cash flow (AKO) and change of accountancy profit (LAK) jointly have a significant effect on stock returns in the company's winning investment award (best issues) 2017 listed on the Indonesia Stock Exchange in 2015 and 2016. Keywords: Operating Cash Flow, Accounting Profit, and Stock Return

scholarly journals ANALISIS LAPORAN ARUS KAS UNTUK MENILAI KINERJA KEUANGAN PERUSAHAAN MAKANAN DAN MINUMAN YANG TERDAFTAR DI BURSA EFEK INDONESIA

2018 ◽  
Vol 14 (1) ◽  
Author(s):  
Trisilia Kaloh ◽  
Ventje Ilat ◽  
Sonny Pangerapan
Keyword(s):  
Financial Performance ◽  
Cash Flow ◽  
Capital Expenditure ◽  
Cash Flows ◽  
Ratio Analysis ◽  
Net Income ◽  
Trading Company ◽  
Food And Beverage ◽  
Operating Cash Flow ◽  
Cash Flow Statement

 A necessity for companies to include cash flow statements in financial statements. One analysis of financial performance using the cash flow statement is the ratio of cash flow statements. The purpose of this study was to find out the financial performance of six food and beverage companies during 2014-2017. This study uses the ratio analysis method. The ratio used in this study is the ratio of operating cash flows, the ratio of operating cash flow to interest, the ratio of capital expenditure, the ratio of total debt, and the ratio of cash flows to net income. From the results of calculations using the ratio analysis of cash flow reports obtained that from the six food and beverage companies namely PT. Tiga Pilar Sejahtera Food Tbk, PT. Delta Djakarta Tbk, PT. Mayora Indah Tbk, PT. Nippon Indosari Corpindo Tbk, PT. UltraJaya Milk Industry & Trading Company Tbk, PT. Indofood Sukses Makmur Tbk has a very good improvement, although not too high.Keywords: Cash flow statement, Operating cash flow, Cash flow ratio, Financial performance, Bursa Efek Indonesia

scholarly journals Cash flows and financial performance in the industrial sector of Saudi Arabia: With special reference to Insurance and Manufacturing Sectors

2020 ◽  
Vol 17 (4) ◽  
pp. 76-84
Author(s):  
Abdul Rahman ◽  
Raj Bahadur Sharma
Keyword(s):  
Saudi Arabia ◽  
Financial Performance ◽  
Cash Flow ◽  
Cash Flows ◽  
Industrial Sector ◽  
Annual Reports ◽  
Manufacturing Companies ◽  
Cash Flow Management ◽  
Operating Cash Flows ◽  
Manufacturing Sectors

A firm with proper cash flow management can increase its financial performance, while improper management might lead to financial failure. Therefore, it is significant for a firm to manage cash inflows and outflows properly. The current study investigates the effect of cash flow from operations (CFOs) on the financial performance of insurance and manufacturing companies in Saudi Arabia. The data were extracted from companies’ annual reports by considering Return on Assets (ROA) and Return on Equity (ROE) as dependent variables, CFOs as an explanatory variable, firm size (SIZE) and Leverage (LEV) as control variables, and an industry dummy. The results report a positive and significant association between financial performance (ROA and ROE) and operating cash flows (CFOs), and a negative association for SIZE and LEV. Therefore, the study concludes that the firms’ operating cash flows in the insurance and manufacturing sectors in Saudi Arabia affect financial performance.

scholarly journals The Association between Various Earnings and Cash Flow Measures of Firm Performance and Stock Returns: some Iranian evidence

2013 ◽  
Vol 3 (1) ◽  
pp. 24 ◽  
Author(s):  
Ali Mazloom ◽  
Alireza Azarberahman ◽  
Jalal Azarberahman
Keyword(s):  
Firm Performance ◽  
Stock Returns ◽  
Cash Flow ◽  
Applied Research ◽  
Stock Exchange ◽  
Cash Flows ◽  
Company Performance ◽  
Statistical Population ◽  
Semi Empirical ◽  
Better Than

The main purpose of this research is the study of association between various measures of firm performance based on earnings and cash flows and stock returns. This research is an applied research, and its design is semi-empirical, which is done by the method of post-event (past information). The statistical population of the research includes all companies listed in Tehran Stock Exchange (TSE), and its period is nine consecutive years, from 2003 to 2011. Simple and multiple regressions are applied in order to test the hypotheses. Results of the research represent that earning based measures are more related to stock returns than cash flow based measures. Furthermore, earning based measures depict the company performance better than cash flow measures in some companies with higher accruals. But in companies with lower accruals, the company performance cannot be depicted properly neither by earning based nor cash flow based measures.

Sources of origin of operating cash flows in Polish listed companies

2017 ◽  
Vol 45 (4) ◽  
pp. 69-76
Author(s):  
Edyta Mioduchowska-Jaroszewicz
Keyword(s):  
Cash Flow ◽  
Capital Market ◽  
Intangible Assets ◽  
Listed Companies ◽  
Cash Flows ◽  
Investment Expenditure ◽  
Research Hypothesis ◽  
Operating Cash Flows

The aim of the article was to conduct a research on the origin of operating cash flows in Polish listed companies. The main objective of the article was to investigate the level of depreciation and its use in the operating cash flows of companies operating on the Polish capital market. The first was to examine and analyse that depreciation is the main source of the cash flow from businesses. The second hypothesis was a complement to the first hypothesis and concerned the examination of whether 100% of the depreciation was transferred to the investment expenditure. The results of the study presented in the article on depreciation in operating cash flows as the main source of operating cash have been positively confirmed. The average depreciation level ranges from 31% to 47%. The rela-tionship between investment expenditures and depreciation was also examined. Research shows that depreciation is wholly attributable to investment expenditures related to the acquisition of property, plant and equipment and intangible assets, or its value exceeds expenditure. This situation positively confirms the second research hypothesis that depre-ciation is used as investment expenditure.

Arborista, Inc.: An Instructional Resource Case

2013 ◽  
Vol 28 (3) ◽  
pp. 681-690 ◽  
Author(s):  
Marc P. Picconi ◽  
Kimberly J. Smith ◽  
Alexander Woods
Keyword(s):  
Cash Flow ◽  
Direct Method ◽  
Cash Flows ◽  
Integrated System ◽  
Net Income ◽  
Managerial Accounting ◽  
Early Integration ◽  
Operating Cash Flows ◽  
Cash Flow Statement ◽  
Statement Of Cash Flows

ABSTRACT: This deceptively simple case is intended for use as early as the first day of an M.B.A. core accounting course or as a focused review for an undergraduate accounting course. It achieves three primary objectives: accelerating student learning about the statement of cash flows, emphasizing the importance of both the cash flow statement and the income statement in valuation and capital markets, and introducing the three primary financial statements as an integrated system. The case also features the use of the direct method of presenting operating cash flows, both as a pedagogical tool and to allow interested instructors to increase their focus on that method. We have found that students benefit from the early integration of the cash flow statement, as well as the ability to clearly understand how operating cash flows are similar to—and different from—net income. Finally, the case provides an optional managerial accounting module for instructors who teach a course that integrates financial and managerial accounting.

scholarly journals ANALISIS KINERJA KEUANGAN KSP. DHARMA SARI BUMI PAGUTAN DITINJAU DARI RASIO LAPORAN ARUS KAS

2019 ◽  
Vol 13 (10) ◽  
pp. 1715
Author(s):  
I Nengah Arsana ◽  
I Wayan Nuada
Keyword(s):  
Performance Analysis ◽  
Data Collection ◽  
Financial Performance ◽  
Cash Flow ◽  
Research Data ◽  
Capital Expenditures ◽  
External Funding ◽  
Short Term ◽  
Ability To Pay ◽  
Descriptive Research

This study is entitled "Financial Performance Analysis of KSP. Dharma Sari Bumi Pagutan Viewed From the Ratio of Cash Flow Reports". The type of research used in this study is descriptive research. Data collection techniques carried out in this study were observation, interviews and documentation. The results of this study in general in terms of the ratio of cooperative cash flow statement shows good financial performance, where the ability of cooperatives to meet short-term liabilities is in the range of 10% <X <15%, cooperative ability to pay commitments (interest, tax, SHU divided) very well, namely above 1 (one) time, cooperatives have the ability to finance capital expenditures and without having to wait for external funding, while the ability of cooperatives in terms of fulfilling all liabilities is not good, because most or above 80% of cash flow free net owned by cooperatives is used for investment.

scholarly journals ANALISIS RASIO ARUS KAS UNTUK MENGUKUR KINERJA KEUANGAN PADA PT KALBE FARMA Tbk.

2018 ◽  
Author(s):  
Meldawati ◽  
Febryandhie Ananda
Keyword(s):  
Cash Flow ◽  
Capital Expenditure ◽  
Secondary Data ◽  
Analytical Techniques ◽  
Cash Flows ◽  
Position Statement ◽  
Free Cash Flow ◽  
Coverage Ratio ◽  
Income Statement ◽  
Statement Of Cash Flows

This study aims to determine how the use of analytical techniques in the current ratios measure the financial performance of PT Kalbe Farma Tbk. In this study the authors use secondary data from financial statements of PT Kalbe Farma Tbk for 5 years (2008-2012). The analytical method used is a form where the ratio of the value in the statement of financial position, statement of comprehensive income, statement of changes in equity and statement of cash flows into the simplified ratios. Data were analyzed using 8 cash flow ratio is the ratio of operating cash flow, cash flow coverage ratio, interest coverage ratio of the cash, the cash coverage ratio of current liabilities, capital expenditure ratio, the ratio of total debt, the ratio of net cash flow and free cash flow adequacy ratio. The results of this study indicate each cash flow ratios from 2008 to 2012 average ratio produced tends to be low and has decreased every year

scholarly journals Outsider Estimation of the Fair Value of Bank Stocks: Computational and Conceptual Issues

2003 ◽  
Author(s):  
Mohamed Ariff ◽  
Lina Suranto
Keyword(s):  
Cash Flow ◽  
Poor Performance ◽  
Fair Value ◽  
Cash Flows ◽  
Free Cash Flow ◽  
Market Values ◽  
Operating Cash Flows ◽  
Operating Cash Flow ◽  
Better Than ◽  
Naive Model

This paper attempts to fill a void in the finance literature by reporting the reliability of theoretical valuation models against the market values of banking corporations. The dividend, operating cash flows and the free cash flow valuation approaches are operationalised to estimate fair values of banks. These values are then compared with market values. This results, using the Theil’s U-coefficient, show that the operating cash flow approach provides estimates that are better than the naïve model estimates. The other two approaches produced results no better than the naïve model. A probable reason for the poor performance of the free cash flow approach is suggested. Outsider’s estimation of investment values needed for free cash flow calculation is likely to introduce serious errors irrespective of the theoretical bases of models widely used in the industry.  

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