scholarly journals El efecto del tamaño sobre la rentabilidad de las empresas comerciales uruguayas

2020 ◽  
Vol 21 (1) ◽  
pp. 9-29
Author(s):  
María Nela Seijas ◽  
Christian Kuster
Keyword(s):  
Economic Performance ◽  
Financial Statements ◽  
Financial Economic ◽  
Control Group ◽  
Return On Assets ◽  
Return On Equity ◽  
Local Background ◽  
Size Dimension ◽  
Special Control ◽  
Methodological Strategy

The objective of this work is to analyze the link between the size and financial economic performance of the Uruguayan trading sector, within the framework of the international contributions of the firm's theory and also considering local background. The database to be used consists of the annual financial statements presented to the General Tax Directorate (DGI) by trading companies belonging to the Special Control Group of Companies (CEDE) and Large Taxpayers of Uruguay in the period 2010-2016. The size dimension of these companies is included in the study through the variables representative of their sales volume or their level of assets. The size of the financial economic performance of the companies is measured through the ROA (Return On Assets) and ROE (Return on Equity) indicators. The methodological strategy consists of the application of dynamic clustering and linear regression tools. The results of the study allow us to characterize the structure of the determinants of the economic and financial performance of commercial companies and their dynamic evolution in the period of analysis, shedding light on the validation of the theories that link it with the size of the companies in Uruguay.

scholarly journals Twenty-one years without monetary correction in Brazil: impacts on the comparability of the accounting information of siderurgical and metallurgical companies

2018 ◽  
Vol 29 (78) ◽  
pp. 355-374
Author(s):  
Wellington Rodrigues Silva Souza ◽  
Marcos Peters ◽  
Aldy Fernandes da Silva ◽  
Maria Thereza Pompa Antunes
Keyword(s):  
Balance Sheet ◽  
Financial Statements ◽  
Financial Accounting ◽  
Net Income ◽  
Negative Effects ◽  
Statistical Parameters ◽  
Return On Assets ◽  
Balance Sheets ◽  
Return On Equity ◽  
Accounting Recognition

Abstract The purpose of this study was to empirically verify the existence or not of a distortion in the comparability of information when inflationary effects are omitted from financial statements. Although inflation has been under control in Brazil since the Plano Real, with indices well below those recorded in the 1980s and 1990s, discussing the need for accounting recognition of the effects of inflation remains an extremely relevant and pertinent issue in light of the proposal of accounting to produce faithful information that closely reflects the economic reality in which organizations operate. The results of the research show that financial accounting has been directly affected by the omission of inflationary effects in financial statements, drawing attention to the negative effects this has caused on the quality of the information produced. In order to operationalize the research, the Balance Sheet Monetary Correction (BSMC) was applied to the balance sheets of Brazilian companies from the siderurgical and metallurgical sector listed on the BM&FBOVESPA in the period from 1996 to 2016. Based on the variables net income, return on equity (ROE), and return on assets (ROA), and two conceptual axes of comparability (between entities and between periods), the statistical parameters were developed and the hypotheses were defined, which were tested using the Student t parametric test. This article shows the damage caused to the decision-making process of the external users for whom financial statements are intended when these are prepared neglecting the effects of inflation. This is verifiable through the analyses of the results obtained, including the observation of significant distortions between the means of the corrected indicators and the means of the historical indicators, such as in the case of net income in 2001, 2002, 2012, 2013, 2014, and 2016 (33.98%, 91.92%, -65.54%, -30.01%, -53.59%, and 26.30% variation, respectively), of ROE (-67.16%, -61.43%, -53.06%, -63.46%, -133.81%, and 65.00% variations in 2008, 2009, 2010, 2011, 2014, and 2015, respectively), and of ROA (-26,70%, -41.14%, -33,34%, -43,49%, 98,83%, and -413,68% in 2005, 2009, 2010, 2011, 2012, and 2014, respectively).

scholarly journals COMPARAÇÃO DO DESEMPENHO ECONÔMICO E DE MERCADO DAS EMPRESAS: O CASO DAS COMPANHIAS CLASSIFICADAS NOS NÍVEIS DE GOVERNANÇA CORPORATIVA DA BOVESPA

2007 ◽  
Vol 12 (1) ◽  
pp. 88
Author(s):  
Rosilene Marcon ◽  
Everson Manoel De Souza
Keyword(s):  
Corporate Governance ◽  
Key Words ◽  
Economic Performance ◽  
Market Performance ◽  
Great Majority ◽  
Economic Sector ◽  
Return On Assets ◽  
Return On Equity ◽  
Before And After

This study had the objective to investigate the economical and of market performance of the Brazilian companies before and after the inclusion in the levels of corporate governance proposed by BOVESPA. The study period understood the years from 1999 to 2004, where the ratios were collected: Return on Equity, Return on Assets and Price-to-Book. The results showed good acting of the indicator P/VPA, due his/her the best performance of the Price-to-book. This conclusion is obtained through the evaluation of the behavior of the ratios, confronting the periods before and after event, as well as when being drawn comparative among the acting of the companies in relationship economic sector of performance. The comparative general of the ratios regarding the performance of the participant companies of the system of listing of BOVESPA it indicated that the great majority reached improvement of the performance, in other words, they presented larger return on assets and equity, as well as in the value of their actions after they migrate for some of the levels of corporate governance Key words: Economic performance. Bovespa. Corporate Governance.

scholarly journals Reality of Vietnam’s Commercial Bank Performance and Soundness

2015 ◽  
Vol 22 (02) ◽  
pp. 48-69
Author(s):  
Canh Nguyen Thi ◽  
Hien Nguyen Thi Diem
Keyword(s):  
Commercial Bank ◽  
Commercial Banks ◽  
Financial Statements ◽  
Equity Capital ◽  
Rating System ◽  
Bank Performance ◽  
Return On Assets ◽  
Banking Efficiency ◽  
Return On Equity ◽  
Bad Debt

This paper employs CAMELS rating system to evaluate the performance and soundness of Vietnam’s commercial banks. Based on the analysis of data from financial statements of the banks in the years 2005/2008–2013, the research results show that the total assets and equity capital of Vietnam’s commercial banks have increased, but their efficiency is not yet high and tends to gradually decrease. The expense-to-revenue ratio was higher than 80% while the return on assets (ROA) ratio remained around 1% and had a tendency to sharply fall to 0.77% and 0.56% in 2012 and 2013 respectively. The return on equity (ROE) ratio, in addition, fell steadily in 2012 (7.42%) and 2013 (5.84%). The findings also indicate that profitability of state-owned commercial banks is higher than that of private joint-stock ones. Additionally, risk degree was high because of a high bad debt (around 4%) and low liquidity (around 90% of loan-to-deposit ratio). In addition to its analysis, the research offers sevaral recommendations that aim at improving banking efficiency and mitigating risk as for Vietnam’s commercial banks.

scholarly journals Analisis Profitabilitas Pada PT Unilever Indonesia, Tbk

2020 ◽  
Vol 4 (2) ◽  
pp. 78
Author(s):  
Vargo Christian L. Tobing
Keyword(s):  
Financial Statements ◽  
Profit Margin ◽  
Upward Trend ◽  
Return On Assets ◽  
Financial Reports ◽  
Return On Equity ◽  
High Profit

The purpose of this research is to determine the performance of PT Unilever Indonesia as seen from the company’s ability to generate profits. The financial statements studied are financial reports that have been published on IDX. The periode of the financial statements studied is a period of 5 years, from 2014 to 2018. From the results of the study, it can be seen that the company’s ability to generate profits can be concluded very well. This is because trends resulting from profit margin ratios and return on assets show an upward trend in profits. The return on equity profit ratio does not invrease. However, the company still gets a high profit

scholarly journals Analisis Rasio Keuangan Sebagai Tolok Ukur Kinerja Keuangan Badan Usaha Milik Desa (Bumdes) Arum Dalu Ngabar

2018 ◽  
Vol 1 (2) ◽  
Author(s):  
Govindha Zahra Maharyani ◽  
Dwiati Marsiwi ◽  
Titin Eka Ardiana
Keyword(s):  
Financial Performance ◽  
Financial Statements ◽  
Profit Margin ◽  
Return On Assets ◽  
Current Ratio ◽  
Return On Equity ◽  
Average Value ◽  
Net Profit ◽  
Equity Ratio ◽  
The Republic

BUMDes is a new line of business that is being promoted by the Government of the Republic of Indonesia. Establishment of BUMDes is intended to realize the Autonomous Village program. This study aims to determine the financial performance of BUMDes Arum Dalu Ngabar from 2015 to 2018. The assessment indicators are using Current Ratio, Debt to Equity Ratio, Return on Equity, Total Assets Turn Over, Net Profit Margin, and Return on Assets. The population in this study is all financial statements belonging to BUMDes Arum Dalu in 2015-2018. The sample used is the Arum Dalu BUMDes financial statements in 2015-2018. The data used are secondary data and data collection techniques by obtaining documents through other people. The data analysis technique in this study is the analysis of financial ratios. This study shows the results that the current ratio assessment is categorized Very Poor, with an average value of 2.492%. Debt to equity ratio is categorized Very Good, with an average value of 2.54%. Return on Equity is categorized as Fair, with an average value of 10.8%. Total assets turnover is categorized as Very Poor, with an average value of 0.19 times. Net profit margin in 2015-2018 is categorized Very Good with an average value of 51.5% and Return on assets is also categorized Very Good, with an average value of 10.5%. Based from the evaluation indicators of the Republic of Indonesia State Minister for Cooperatives, Small and Medium Enterprises Number. 06 / Per / M.KUKM / V / 2006 as a whole, the financial performance of BUMDes Arum Dalu is in the Fair category. Thus, the financial performance of BUMDes Arum Dalu really needs to be improved.

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 The effect of liquidity on the profitability of commercial banks in the Kingdom of Saudi Arabia Period (2010- 2019): أثر السيولة على ربحية البنوك التجارية في المملكة العربية السعودية  للفترة (2010- 2019)

2020 ◽  
Vol 4 (12) ◽  
Author(s):  
Najla Ibrahim Abdulrahman, Tahani Ewaed Alfarsi
Keyword(s):  
Saudi Arabia ◽  
Commercial Banks ◽  
Analytical Approach ◽  
Financial Statements ◽  
Return On Assets ◽  
Kingdom Of Saudi Arabia ◽  
Return On Equity ◽  
Liquidity Trading ◽  
Trading Ratio ◽  
The Impact

This study aimed to identify the impact of liquidity on the profitability of commercial banks in Saudi Arabia during the period 2010 to 2019. The study was based on the descriptive analytical approach where this approach is based on data collection, description and analysis, by analyzing the financial statements of the sample banks study that will be obtained from a trading site, and then using the appropriate statistical method of data analysis based on SPSS, in order to identify the impact of liquidity on profitability. The study showed that there was a statistically significant effect at the level of liquidity (0.05) on the return on equity, while there was no effect of liquidity (trading ratio) on the return on assets. The study recommended: Saudi commercial banks should focus on aligning liquidity with profitability. to avoid falling into a financial deficit. It also needs to focus on profitability, which demonstrates the bank's ability to make profits. In addition to paying more attention to liquidity because of its impact on profitability, commercial banks also have appropriate policies to better manage their liquidity, while working to achieve profitability. Finally, work on more studies and research which are more widely available to include all banks in Saudi Arabia. Finally, some semi-liquid investments need to be maintained to ensure that there is no future liquidity crisis.

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.

scholarly journals ANALISIS LAPORAN KEUANGAN BERDASARKAN TINGKAT PROFITABILITAS PADA PT. BANK PERKREDITAN RAKYAT LPN TARANTANG KABUPATEN DHARMASRAYA

2019 ◽  
Author(s):  
Afriyeni Afriyeni ◽  
Yana Putri
Keyword(s):  
Balance Sheet ◽  
Financial Statements ◽  
Descriptive Study ◽  
Profit Margin ◽  
Bank Credit ◽  
Return On Assets ◽  
Return On Equity ◽  
Net Profit

This study aims to determine advantage of Profitability in the Bank Credit People of LPN Tarantang Sub-Province of Dharmasraya period 2013-2016. The object of research is to analyze Financial Statements Balance Sheet at the Bank Credit People of LPN Tarantang. This research is a descriptive study with the data used are the financial statements. Analysis using liquidity ratios used to Return on Assets, Return on Equity, Operating Expenses, and Net Profit Margin. The results showed that the level of Profitability bank seen from Return on Assets on Bank Credit People of LPN Tarantang Sub-Province Dharmasraya in years 2013 period amounted to 2,43%%, in years 2014 amounted to 08,60%%, in years 2015 amounted to 3,10%, and 1,69% in years 2016, these results are included in the category of less healthy. Return on Equity in 2013 amounted to 17,18%, in years 2014 amounted to 5,48%, in years 2015 amounted to 17,86%, and in years 2016 amounted to11,13%, these result are included in the category of slimmer goodness. Operating Expenses in years 2013 amounted to 88,04%, in years 2014 amounted to 96,27%, in years 2015 amounted to 116%, and amounted 111% in years 2016, these result are included in the category not efficiency. Net Profit Margin in years 2013 amounted to 12,09%, in years 2014 amounted to 03,94%, in years 2015 amounted to 16,28%, and 10,04% in years 2016. These result are included in the category good.

scholarly journals PENGARUH DEBT TO EQUITY RATIO (DER) DAN DEBT TO ASSET RATIO (DAR) TERHADAP KINERJA PERUSAHAAN DI SEKTOR KEUANGAN YANG TERDAFTAR DI BURSA EFEK INDONESIA

2017 ◽  
Vol 1 (2) ◽  
pp. 157-163
Author(s):  
Azzalia Feronicha Wianta Efendi ◽  
Seto Sulaksono Adi Wibowo
Keyword(s):  
Capital Structure ◽  
Stock Prices ◽  
Financial Statements ◽  
Company Performance ◽  
Return On Assets ◽  
Return On Equity ◽  
Panel Data Regression ◽  
Data Regression ◽  
Equity Ratio ◽  
Operational Activities

Comparison between self-capital and foreign capital structured in capital structure into an instrument used by companies to plan and take debt usage policies in maximizing  profits and stock prices company.  Banking  in  conducting  its  operational  activities  must  have  a  large  enough  capital  and  well structured,  in  order  to  avoid  the  financial  problems. To  attract  investors,  banks  are  urged  to  improve their  performance  that  can  be  assessed  from  bank  financial  statements  in  providing  information  to investors. This study aims to determine the partial influence of capital structure proxyed with leverage ratios those are Debt to Equity Ratio (DER) and Debt to Asset Ratio (DAR) to company performance seen from its profitability with Return on Asset (ROA) and Return on Equity (ROE) of banking companies for 3 years. This study used a sample of 30 banks for 3 years from 2013-2015 by using panel data regression analysis.  The  results  showed  partially  DER  variables  affect  the  ROA  and  ROE,  and  partially  DAR variables  affect  the  ROA  and  no  effect  on  ROE.  This  study  is  limited  to  a  banking  company  only  and within  3  years,  it  should  be  able  to  use  other  corporate  sectors  and  longer  periods  of  time.  Further research is expected to add research variables, corporate sectors, samples and add to the study period. Keywords:  Capital Structure, Banking, Corporate Performance, Leverage, Debt to Equity Ratio (DER), Debt to Asset Ratio (DAR), Return on Assets (ROA), Return on Equity (ROE)

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