scholarly journals Efficiency and Profitability of Tanzanian saving and Credit Cooperatives: Who is a Star?

2014 ◽  
Vol 6 (8) ◽  
pp. 658-669 ◽  
Author(s):  
Nyankomo Marwa
Keyword(s):  
Business Processes ◽  
High Efficiency ◽  
Secondary Data ◽  
Financial Statements ◽  
Data Envelopment ◽  
Return On Assets ◽  
Multiple Dimensions ◽  
Credit Cooperatives ◽  
Low Efficiency ◽  
And Control

The objective of this paper is to evaluate and benchmark the performance of Tanzanian Saving and Credit Cooperatives (SACCOs). Measuring the performance of these organizations is useful in helping them to monitor and control their performance and business processes and improve productivity and profitability. The study used secondary data from audited financial statements from 103 SACCOs. Technical efficiency was estimated using the data envelopment analysis approach and profitability was measured using return on assets. Then an efficiency-profitability matrix was employed to distinguish best performers from struggling SACCOs. This particular approach has been selected to account for multiple dimensions of performance measures. Using the top 25% as a cut-off for profitability and efficiency we found that only 12% of the firms were diagnosed as best performers (stars). The majority of the firms (61%) were classified under the low efficiency low profitability category. Fourteen SACCOs were highly profitable but had low efficiency scores, which demonstrate a potential for performance improvement by increasing their efficiency. Another group of 14 SACCOs were classified as potential candidates for divestiture because they had high efficiency scores but low profitability. Conclusively the performance of the industry in Tanzania needs a well-thought turnaround strategy to make it commercially viable. For the majority of the SACCO both profit-increasing and efficiencyincreasing strategies are required.

Estimasi Pengaruh Faktor Internal Bank dan Stabilitas Makroekonomi terhadap Profitabilitas dengan Mediasi Rasio Pembiayaan Bermasalah di PT Bank Muamalat Indonesia

2020 ◽  
Vol 3 (2) ◽  
pp. 93-108
Author(s):  
Annisa Siti Fathonah ◽  
Dadang Hermawan
Keyword(s):  
Secondary Data ◽  
Financial Statements ◽  
Significant Positive Effect ◽  
Return On Assets ◽  
Internal Factors ◽  
Macroeconomic Factors ◽  
Operating Income ◽  
Significant Negative Effect ◽  
Negative Effect ◽  
Positive Effect

This study aims to determine and analyze how much influence the bank's internal factors such as Equity, Operational Costs per Operating Income (BOPO), Financing Deposit to Ratio (FDR), Non Performing Financing (NPF) as a mediator and external or macroeconomic factors namely inflation and Gross Domestic Product (GDP) on profitability represented by Return on Assets (ROA) at Bank Muamalat Indonesia for the period 2008-2018. The data used in this research are secondary data obtained from the publication of quarterly financial statements from 2008 to quarter 2 of 2018. The method that used in this research is path analysis with SPSS 20.0 as the analytical tool. The results of the study partially test the hypothesis (t-test), in substructure I shows that the capital variable has a significant negative effect on NPF, BOPO and inflation has a significant positive effect on NPF, FDR and GDP do not significantly influence NPF at Bank Muamalat Indonesia. In substructure II partially, Capital, BOPO, significant negative effect on ROA, FDR and NPF has a significant positive effect on ROA, Inflation and GDP does not significantly influence ROA while simultaneously significantly influencing ROA. Based on the sobel test, capital has a significant effect on ROA through NPF, BOPO has a significant effect on ROA through NPF, FDR has a significant effect on ROA through NPF, Inflation has a significant effect on ROA through NPF, while GDP has no significant effect on ROA through NPF.

scholarly journals The Analysis of Tuberculosis Funds Efficiency on High Burden Countries

2019 ◽  
Author(s):  
Estro Dariatno Sihaloho ◽  
Adiatma Y.M Siregar
Keyword(s):  
Technical Efficiency ◽  
High Efficiency ◽  
Positive Impact ◽  
Data Envelopment ◽  
High Burden ◽  
Marginal Effects ◽  
Dea Method ◽  
Low Efficiency ◽  
Using Data ◽  
Global Health Problem

Tuberculosis remains a major global health problem and ranks as the second leading cause of death from infectious disease worldwide. Countries devote their budgets to overcome the tuberculosis problem. An efficient use of these budgets will arguably reduce the number of tuberculosis cases and eventually give a positive impact to the economy. This paper aims it aims to estimate the technical efficiency scores of tuberculosis funds on high-burden countries by using Data Envelopment Analysis(DEA) method. Further, this study analyzes other environmental factors that are crucial to increase the efficiency scores by using Tobit method. DEA shows that some countries exhibit high efficiency scores while others exhibit low efficiency scores. It also informs how countries use funds to maximize their results. Meanwhile, the Tobit estimation shows that taxing cigarettes and committing budgets to control tobaccos have positive marginal effects on technical efficiency scores.

scholarly journals Analisis Dampak Struktur Modal Terhadap Profitabilitas

2018 ◽  
Vol 1 (1) ◽  
Author(s):  
Dwi Setiarini ◽  
Sujiono Sujiono ◽  
Hadi Sumarsono
Keyword(s):  
Capital Structure ◽  
Negative Impact ◽  
Secondary Data ◽  
T Test ◽  
Return On Assets ◽  
Credit Cooperatives ◽  
Equity Ratio ◽  
Data Source ◽  
The Impact ◽  
The Capital Structure

Funding is an important issue that is taken into account by the company, both for the establishment and expansion of the business. Capital structure has an impact on profitability, with the improvement in capital structure, the company gives profits. The purpose of this study was to determine the impact of the capital structure measured by Debt to Equity Ratio (DER) on profitability as measured by Return on Assets (ROA) partially in Sharia Savings and Credit Cooperatives Cooperatives or KSK Komment Year 2016 - 2019. This researcher uses regression analysis simple linear and t test. The data source used in this study is secondary data. The results of the study concluded that the capital structure measured by Debt to Equity Ratio (DER) partially had a negative impact on Return on Assets (ROA). While the t test on the variable Debt to Equity Ratio (DER) partially proved to have no significant impact on Return on Assets (ROA).

scholarly journals MODAL KERJA, SIZE, STRUKTUR MODAL DAN RETURN ON ASSET: STUDI EMPIRIS PERUSAHAAN MANUFAKTUR YANG TERDAFTAR DI BEI

2021 ◽  
Vol 16 (2) ◽  
pp. 99
Author(s):  
Fransiskus Rian ◽  
Gendro Wiyono ◽  
Mujino Mujino
Keyword(s):  
Capital Structure ◽  
Stock Exchange ◽  
Linear Regression Analysis ◽  
Secondary Data ◽  
Financial Statements ◽  
Multiple Linear Regression Analysis ◽  
Manufacturing Companies ◽  
Working Capital ◽  
Return On Assets ◽  
Equity Ratio

ABSTRACT The purpose of this study is to examine whether working capital variables, size, and capital structure affect the return on assets. The population in this study are manufacturing companies in various sub-sectors proposed in the Indonesia stock exchange in 2016-2018. The type of data used in this study is secondary data from the company's annual financial statements as a sample that is used and processed using SPSS 16.00. This research uses the classic assumption test and the data analysis method used is multiple linear regression analysis. The results of the study show how working capital (ratio using current ratio, accounts receivable turnover, and net working capital), size, and capital structure (tested using a debt to equity ratio) are considered to compare asset returns.Keywords: working capital, size, capital structure, return on assets ABSTRAK Tujuan dari penelitian ini adalah untuk menguji apakah variabel modal kerja, ukuran, dan struktur modal berpengaruh terhadap return on assets. Populasi dalam penelitian ini adalah perusahaan manufaktur di berbagai sub sektor yang diusulkan di Bursa Efek Indonesia tahun 2016-2018. Jenis data yang digunakan dalam penelitian ini adalah data sekunder berupa laporan keuangan tahunan perusahaan sebagai sampel yang digunakan dan diolah menggunakan SPSS 16.00. Penelitian ini menggunakan uji asumsi klasik dan metode analisis data yang digunakan adalah analisis regresi linier berganda. Hasil penelitian menunjukkan bagaimana modal kerja (rasio menggunakan rasio lancar, perputaran piutang, dan modal kerja bersih), ukuran, dan struktur modal (diuji menggunakan rasio utang terhadap ekuitas) dipertimbangkan untuk membandingkan pengembalian aset.Kata kunci: modal kerja, ukuran, struktur modal, return on assets

scholarly journals Efficiency and Profitability Analysis of Agricultural Cooperatives in Mpumalanga, South Africa

2018 ◽  
Vol 10 (6) ◽  
pp. 1
Author(s):  
Thembi Xaba ◽  
Nyankomo Marwa ◽  
Babita Mathur-Helm
Keyword(s):  
Decision Making ◽  
Technical Efficiency ◽  
High Efficiency ◽  
Secondary Data ◽  
Agricultural Cooperatives ◽  
Business Context ◽  
Profitability Analysis ◽  
The Matrix ◽  
Low Efficiency ◽  
Using Data

Agricultural cooperatives are expected to generate sustainable profit as they are established as a vehicle of economic development. Efficiency and profitability analysis measures the performance of a firm, and assists management in decision-making through benchmarking with other firms (Marwa & Aziakpono, 2014). To understand the performance of agricultural cooperatives, our study analysed efficiency and profitability using an efficiency-profitability matrix to provide for multi-dimensional analysis. The study used secondary data from annual financial statements for the financial years 2015/16 collected from 19 agricultural cooperatives. Technical efficiency was estimated using Data Envelopment Analysis (DEA) and profitability was estimated using Returns on Assets (ROA). The median scores were 68% for technical efficiency and 10% for profitability. Using the 68% efficiency and 10% profitability benchmark, the matrix separated best performers from low performers. The matrix indicated that 26% of the cooperatives had high-efficiency levels with high profitability (stars), however there was an even distribution between the stars and sleepers: 5 out of 19 cooperatives were sleepers and 5 out of 19 were stars. The majority of the decision-making units (DMUs) at 42% (8 out of 19) are in quadrant 3, categorised as ‘question mark’. These DMUs had low-efficiency scores and low profitability ratios. Only 1 out of 19 cooperatives had high-efficiency levels and low profitability scores. The results demonstrate that technically efficient firms do not always translate to profitable firms: in this regard, management needs to investigate how best to allocate resources in order to remain relevant within the business context and competition. Policy makers need to investigate other drivers of efficiency and profitability when measuring the performance of a firm to influence future policy directives.

scholarly journals Pengaruh Kinerja Keuangan Terhadap Return Saham (Studi Pada Emiten Saham Syariah Sektor Manufaktur Yang Terdaftar di Indeks Saham Syariah Indonesia Tahun 2011-2012)

2015 ◽  
Vol 1 (7) ◽  
pp. 518
Author(s):  
Rizkary Roslianti ◽  
Leo Herlambang
Keyword(s):  
Decision Making ◽  
Stock Return ◽  
Secondary Data ◽  
Financial Statements ◽  
The Other ◽  
Decision Making Process ◽  
Return On Assets ◽  
Financial Reports ◽  
Significance Level ◽  
Equity Ratio

Islamic stocks is one of the most preffered investment type by Muslim investors. In the decision making process, the investors have to considered the financial reports and stock analysis. This study aims to investigate the effect of fundamental factors that represented by Return on Assets, Debt to Equity Ratio and Total Assets Turnover toward stock return.This study used a quantitative approach using secondary data, they are financial statements and stock return companies listed on Indeks Saham Syariah Indonesia years 2011-2012. This study used a significance level of 5%.Based on the regression analysis results, it indicates that Return on Assets variable has a very significant effect on the stock return. On the other hand, Debt to Equity Ratio variable and Total Assets Turnover variable do not have significant effect to the stock return. Simultaneously, Return on Assets, Debt to Equity Ratio and Total Assets Turnover have significant effect to stock return.

scholarly journals Risk Analysis of Sharia Bank Financing Contract

2020 ◽  
Vol 3 (1) ◽  
pp. 1
Author(s):  
Riduwan Riduwan ◽  
Gita Danupranata
Keyword(s):  
Secondary Data ◽  
Financial Statements ◽  
Financing Risk ◽  
Medium Risk ◽  
Quantitative Descriptive ◽  
Conventional Banks ◽  
Internal And External Factors ◽  
And Control ◽  
Bad Debt ◽  
Survey Approach

Non-Performing Financing (NPF) is the inability of customers to meet their obligations in accordance with the contract, which can be categorized into three types namely substandard, doubtful and bad debt (macet). NPF is the main and biggest risk for sharia banks, hence the ability of sharia banks to identify, measure, monitor and control the risks of financing and capital provision is very important. Sharia banks will face greater risks than conventional banks because of the risk of sharia reputation. Besides being influenced by internal and external factors of sharia banks, NPF can also be influenced by the financing contract (akad) used.This study analyzes the level of financing risk based on the contract. The population and sample are all Sharia Rural Banks in Indonesia with 167 secondary data in the form of the publication of financial statements for 2011-2018. Analysis of the data using quantitative descriptive methods with a survey approach. The analyzed data are NPF data based on an eight year financing contract. This study managed to obtain data that the BPRS is more interested in financing with certainty of results, proven that murabahah has the highest outstanding compared to other contract. The results of this study also indicate that the low risk contract is in the murabahah contract, while the contract with the medium risk is in the mudarabah, musyarakah, multijasa, qard and istisna and the contract with the highest risk is salam and ijarah contract.

Perbandingan Efektivitas Penghimpunan Dana Wakaf melalui Uang Berbasis Online di Global Wakaf dan Dompet Dhuafa

2020 ◽  
pp. 108
Author(s):  
Budi Setiadi ◽  
Neneng Nurhasanah ◽  
Siska Lis Sulistiani
Keyword(s):  
Data Envelopment Analysis ◽  
Research Method ◽  
Financial Statements ◽  
Maximum Efficiency ◽  
Data Envelopment ◽  
Operational Costs ◽  
Dea Method ◽  
Low Efficiency ◽  
Object Of Study ◽  
Financial Technology

Abstract. The development of information technology, especially in the field of financial technology helps waqf institutions in the development of waqf findrising strategies, one of which is the existence of online waqf. Therefore it is necessary to optimize the collection of waqf funds based online, one of them with efficiency. The purpose of this study was to determine the level of effectiveness of the collection of waqf-based online waqf funds in Global Waqf and Dompet Dhuafa. The research method used is qualitative with the DEA method. The object of study is the waqf institutions in Global Waqf and Dompet Dhuafa in the form of financial statements of 2 institutions in the period 2016 - 2017, interviews and documentation. Research results based on the above discussion are as follows: (1), Global Waqf and Dompet Dhuafa have fulfilled the elements in raising funds. Both institutions have their respective strategies in collecting funds based on online (2). The level of effectiveness of collecting waqf funds online at Global Waqf and Dompet Dhuafa using the DEA method for the 2016-2017 period, in the 2016 Dompet Dhuafa and Global Waqf levels, the efficiency level has been reaching 100% or equal to 1. This shows that Dompet Dhuafa and Global waqf had maximum efficiency in that year. Figures at 0.0% to gain indicate the efficiency target is in accordance with the actual conditions and obtained achieved 100%. In 2017 Dompet Dhuafa has an efficiency level of 100% or equal to 1. While Global Waqf has decreased efficiency to 50% due to its value of less than 100%. The optimization of online waqf collection in 2017 at Global Waqf institutions experienced low efficiency in order to achieve perfect efficiency operational costs should be reduced by around 80%, while online waqf receipts must be increased to 49% of the actual total.Keywords: Financial Technology, Effectiveness, Efficiency, Findrising Strategies, Data Envelopment Analysis. Abstrak. Adanya perkembangan teknologi informasi khususnya di bidang financial technology membantu lembaga wakaf dalam perkembangan strategi findrising wakaf, salah satunya yaitu dengan adanya wakaf online. Oleh karena itu dibutuhkan optimalisasi penghimpunan dana wakaf berbasis online, salah satunya dengan efisiensi. Tujuan penelitian ini adalah untuk mengetahui tingkat efektivitas penghimpunan dana wakaf berbasis wakaf online di Global Wakaf dan Dompet Dhuafa. Metode Penelitian yang digunakan adalah kualitatif  dengan metode DEA. Objek yang diteliti adalah lembaga wakaf di Global Wakaf dan Dompet Dhuafa berupa laporan keuangan 2 lembaga pada periode 2016 – 2017, wawancara dan dokumentasi. Hasil Penelitian berdasarkan pembahasan di atas sebagai berikut : (1), Global Wakaf dan Dompet Dhuafa sudah memenuhi unsur-unsur dalam penghimpunan dana. Kedua lembaga tersebut mempunyai strategi masing-masing dalam menghimpun dana yang berbasis online (2), Tingkat efektivitas penghimpunan dana wakaf online di Global Wakaf dan Dompet Dhuafa dengan metode DEA  periode 2016-2017, di periode 2016 Dompet Dhuafa dan Global Wakaf tingkat efisiensi nya sudah mencapai 100% atau senilai dengan 1. Hal ini menunjukan Dompet Dhuafa dan Global wakaf sudah efisiensi secara maksimal di tahun tersebut. Angka pada pada to gain 0.0 % menunjukan target efisiensi sudah sesuai dengan kondisi aktual dan memperoleh achieved 100 %. Di tahun 2017 Dompet Dhuafa tingkat efisiensinya sudah mencapai 100% atau senilai dengan 1. Sedangkan Global Wakaf mengalami penurunan efisiensi menjadi 50 % dikarenakan nilainya yang kurang dari 100%. Optimalisasi penghimpunan wakaf online pada tahun 2017 pada lembaga Global wakaf mengalami efisiensi rendah agar mencapai efisiensi sempurna biaya operasional harus dikurangi sekitar 80 %, sedangkan penerimaan wakaf online harus dinaikan menjadi 49 % dari total actualnya.Kata Kunci : Financial Technology, Efektivitas, Efisiensi, Strategi Findrising,  Data Envelopment Analysis. 

scholarly journals Analisis Perbedaan Profitabilitas Sebelum dan Sesudah Memenangkan Top CSR (Corporate Social Responsibility)

1970 ◽  
Vol 13 (1) ◽  
pp. 76-92
Author(s):  
Sixtia Apriyana Asrul ◽  
Wiwik Andriani ◽  
Eka Rosalina
Keyword(s):  
Stock Exchange ◽  
Secondary Data ◽  
Financial Statements ◽  
Return On Assets ◽  
Return On Equity ◽  
Paired Sample ◽  
Net Profit ◽  
Before And After ◽  
Corporate Social ◽  
A Company

This study aimed to examine whether there are differences in the profitability of a company before and after winning TOP CSR. The data used in this study is secondary data obtained from the financial statements of companies listed on the Indonesia Stock Exchange for the period 2008-2017. The sample of this study consisted of 17 companies using purposive sampling, ie companies that won TOP CSR from 2011-2017, companies listed on the Indonesia Stock Exchange and companies that had issued 3 years of financial statements after winning the CSR TOP. The variable used in this study is profitability which is proxied by Return On Assets (ROA), Return On Equity (ROE) and Net Profit Margin (NPM). Hypothesis testing is carried out by Paired Sample T-test using the IBM SPSS Version 20 software. Based on the tests carried out, it can be concluded that there are differences in profitability as seen from the ROA side, whereas when viewed from the ROE and NPM side it is not there are differences in profitability.

scholarly journals FAKTOR-FAKTOR YANG BERPENGARUH TERHADAP HARGA SAHAM SYARIAH PT. WIJAYA KARYA, TBK., DAN PT. ANEKA TAMBANG, TBK.

2021 ◽  
Vol 1 (2) ◽  
pp. 36-44
Author(s):  
Zahida I’tisoma Billah ◽  
Nuri Fara Daisil Jinnani
Keyword(s):  
Stock Price ◽  
Sampling Method ◽  
Secondary Data ◽  
Financial Statements ◽  
Return On Assets ◽  
Financial Reports ◽  
Return On Equity ◽  
Analysis Technique ◽  
Equity Ratio ◽  
Selection Of

The stock price always changes. Investors can find out the factors that influence it with a fundamental analysis of the company's financial statements. This study aims to determine whether the Return On Assets, Return On Equity, and Debt to Equity Ratio affect the stock price fluctuation of PT. Wijaya Karya, Tbk. and PT. Aneka Tambang, Tbk. in 2016-2018. The research method used is descriptive quantitative, then this study uses the population and samples in the selection of research objects. The population consisted of 30 companies registered in JII, the sampling method was purposive sampling and obtained PT. Wijaya Karya, Tbk. and PT. Aneka Tambang, Tbk. The research data is secondary data obtained from the annual financial reports of the two research samples. The data analysis technique used is multiple regression. The results of the study concluded that both simultaneously and partially ROA, ROE, and DER did not have a significant effect on the stock price of PT. Wijaya Karya, Tbk. and PT. Aneka Tambang, Tbk. 2016-2018 period.

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