scholarly journals Dampak Privatisasi BUMN Terhadap Kinerja Keuangan BUMN Indonesia

2020 ◽  
Vol 30 (1) ◽  
pp. 1
Author(s):  
Tapi Omas Annisa ◽  
Jeffits Khusnu Alif
Keyword(s):  
Financial Performance ◽  
Quantitative Research ◽  
Hypothesis Test ◽  
Profit Margin ◽  
Return On Assets ◽  
Turnover Ratio ◽  
Operating Profit ◽  
Total Debt ◽  
Asset Turnover ◽  
Equity Ratio

This study aims to examine the differences in state-owned companies before privatization and after privatization is conducted in terms of the company’s financial perfomance. The company’s financial performance uses 10 financial of Gross Profit Margin, Operating Profit Margin, Net Profit Margin, Return On Assets, Return on Investment, Current Ratio, Total Debt to Total Asset Ratio, Total Debt to Equity Ratio, Fix Asset Turnover Ratio, Net Asset Turnover Ratio. This study method uses quantitative research. Data analysis uses mann-whitney different test. The sample of  state-owned companies with a period consisting of 4 years before privatization and 4 years after privatization. Hypothesis test results show that the financial performance of state-owned companies after privatization is better than before privatization.

scholarly journals PENGARUH KINERJA KEUANGAN TERHADAP RETURN SAHAM PERUSAHAAN MANUFAKTUR SEKTOR INDUSTRI BARANG KONSUMSI YANG TERDAFTAR DI BURSA EFEK INDONESIA

AKUNTABILITAS ◽  
2019 ◽  
Vol 12 (2) ◽  
pp. 161-180
Author(s):  
Tutia Rahmi ◽  
Tertiarto Wahyudi ◽  
Rochmawati Daud
Keyword(s):  
Financial Performance ◽  
Stock Returns ◽  
Stock Exchange ◽  
Hypothesis Test ◽  
Negative Influence ◽  
Profit Margin ◽  
Share Price ◽  
Manufacturing Companies ◽  
Return On Assets ◽  
Equity Ratio

The purpose of this research is to explain the effect of financial performance to the stock return. The financial performances in this research were Earning Per Share, Price Earning Ratio, Debt to Equity Ratio, Return On Assets, andNet Profit Margin. The financial performance as the independent variables and the dependent variabel is stock return.The sample of this research is thirty manufacturing company of consumer goods industry sector. These companies are listed on the Indonesia Stock Exchange since 2012 until 2014. The sampling method is purposive sampling. The analysis method used in this research that is with hypothesis test that is determinant coefficient, test F, and test t. Using thirty manufacturing companies listed in IDX, this research shows that the Earning Per Share, Price Earning Ratio and the Net Profit Margin has a positive and significant impact on stock returns. Instead, the variable Debt to Equity Ratio has a negative influence. This research also indicate that variable Return On Assets has no effect on stock returns.

scholarly journals FINANCIAL PERFORMANCE IN VALUE IN THE AUTOMOTIVE SECTOR AND COMPONENTS GO PUBLIC IN INDONESIA

2018 ◽  
Vol 2 (1) ◽  
pp. 30-40
Author(s):  
Herdiyana Herdiyana ◽  
Nelly Setiawan
Keyword(s):  
Financial Performance ◽  
Profit Margin ◽  
Total Asset ◽  
Automotive Sector ◽  
Return On Assets ◽  
Book Value ◽  
Total Debt ◽  
Net Profit ◽  
Equity Ratio

ABSTRAKPenelitian ini bertujuan untuk mengetahui pengaruh nilai kinerja keuangan perusahaan secara bersama-sama. Kinerja keuangan diukur dengan menggunakan Total Debt to Equity Ratio Total (DER), Total Debt to Total Asset Ratio (DAR), Net Profit Margin (NPM) dan Return on Assets (ROA). Jangka waktu penelitiandari 2009-2013. Metode analisis yang digunakan adalah analisis kuantitatif dengan menggunakan analisis regresi linier berganda. Penelitian ini menyatakan bahwa uji t menunjukkan DER dan DAR tidak berpengaruh pada nilai perusahaan, tetapi ROA t hitung > t tabel (-3.233 <-1,697) dengan signifikansi 0,003 <0,05 dan NPM t> t tabel (2.788> 1,697) dengan signifikansi 0,009 <0,05 sehingga dapat meramalkan nilai perusahaan ROA dan NPM (Price to Book value) yang tepat. Sementara pengujian hipotesis menggunakan uji F menunjukkan bahwa DER, DAR, ROA, dan NPM secara simultan atau bersama-sama mempengaruhi nilai perusahaan (Price to Book value), karena nilai F hitung> F tabel (3.827> 2,69) dengan signifikansi 0,013 <0,05. koefisien determinasi (R Square) dari 0338 ATAU 33,8% hasil ini menunjukkan bahwa variasi Price to Book value (PBV) dapat dijelaskan oleh nilai DER, DAR, ROA, dan NPM 33,8% sedangkan sisanya 66,2% (100% - 33,8%) dijelaskan oleh variabel lain yang tidak termasuk dalam model.Kata kunci: DER, DAR, ROA, NPM, and Price to Book Value.

scholarly journals Rasio Keuangan Koperasi (Studi pada Koperasi Pegawai Republik Indonesia “Angkasa” Rri Yogyakarta)

2021 ◽  
Vol 2 (2) ◽  
Author(s):  
Veronica Suwarmi
Keyword(s):  
Balance Sheet ◽  
Profit Margin ◽  
Size Analysis ◽  
Return On Assets ◽  
Current Ratio ◽  
Financial Condition ◽  
Total Debt ◽  
Net Profit ◽  
Asset Turnover ◽  
Equity Ratio

This study aims to determine the financial condition and development of KPRI "Angkasa" RRI Yogyakarta in 2012-2016 using the ratio of liquidity, solvency, profitability and activity. The type of research is a case study at KPRI "Angkasa" RRI Yogyakarta. Data collection techniques are documentation and interviews. The data analysis technique is calculating the ratios of liquidity, solvency, profitability and activity, analyzing using trend and common size. The results of the analysis show that the level of liquidity as measured by the current ratio in 2012-2016 is categorized as very good. The level of solvency as measured by the total debt to equity ratio and the total debt to total assets ratio in 2012-2016 is good, except for 2014 which is quite good. The level of profitability measured by net profit margin in 2012-2016 is categorized as very good, except for 2013 it is categorized as good, for return on assets in 2012-2016 it is categorized as quite good, the profitability of own capital in 2012-2016 is categorized as poor. The level of activity as measured by asset turnover in 2012-2016 is categorized as not good. The results of the analysis of the trend current ratio, total debt to equity ratio, total debt to total asset ratio and net profit margin in 2012-2016 have increased performance, while return on assets, own capital earnings and asset turnover have decreased performance. The results of the common size analysis on the balance sheet and the remaining earnings tend to decrease.

KINERJA KEUANGAN PADA PERUSAHAAN PERTAMBANGAN DI BURSA EFEK INDONESIA

2017 ◽  
Vol 13 (1) ◽  
pp. 46-62
Author(s):  
Aries Veronica
Keyword(s):  
Financial Performance ◽  
Return On Investment ◽  
Stock Price ◽  
Stock Exchange ◽  
Hypothesis Test ◽  
Field Research ◽  
Total Asset ◽  
Current Ratio ◽  
Total Debt ◽  
Equity Ratio

The purpose of this study was to determine financial performance to stock price ofminning industries at Indonesian Stock Exchange . This research is field research withdata collection techniques using documentation that the sample size is as much as 33emitten. To test the effect of the financial performance to stock price used multipleregression analysis techniques and to test research hypotheses, F test and t test.From the results of calculations using SPSS for Windows version 17, showed that: thevalue of R Square (R2) illustrates that the Stock price (Y), can be explained by thefinancial performance amounted to 65.6%, while the rest 34.4%, can be explained byother factors, which are not included in this study. F Hypothesis test results, obtainedvalue of sig. (98,701)>(0.05), this means that there is influence of the current ratio, totalasset turnover , return on investment, and total debt to total asset ratio together againststock price. While the results of hypothesis testing t as follows: 1) sig. (0.000)< (0.05),which means that there is effect current ratio to stock price; 2) sig.(0.004) < (0.05),which means that there is effect debt to equity ratio to stock price; 3) sig.(0.846) >(0.05), which means that there is no effect total asset turnover to stock price; 4)sig.(0.000) (0.05), which means that there is no effect return on investment to stock price,and 5) sig.(0.700)>(0.05), which means that there is no effect total debt to total assetratio to stock price

A. PENGARUH RASIO KEUANGAN TERHADAP RETURN SAHAM PADA PERUSAHAAN TELEKOMUNIKASI YANG TERDAFTAR DI BURSA EFEK INDONESIA (BEI)

2021 ◽  
Vol 6 (2) ◽  
pp. 1
Author(s):  
Ony Kurniawati ◽  
Kustianingsih
Keyword(s):  
Profit Margin ◽  
Total Asset ◽  
Debt Ratio ◽  
Return On Assets ◽  
Current Ratio ◽  
Fixed Assets ◽  
Asset Turnover ◽  
Equity Ratio

ABSTRAK Penelitian ini bertujuan untuk mengetahui pengaruh variabel current ratio, quick ratio, debt to equity ratio, debt ratio, profit margin, return on assets, total asset turnover, fixed assets turnover secara parsial dan simultan terhadap return saham. Metode penelitian yang digunakan pada penelitian ini adalah metode kuantitatif. Data yang digunakan pada penelitian ini adalah data sekunder dengan metode pengumpulan data berupa dokumentasi. Teknik analisis data yaitu menggunakan teknik analisis regresi berganda dengan 8 variabel bebas yaitu current ratio (X1),  quick ratio (X2), debt to equity ratio (X3), debt ratio (X4), profit margin (X5), return on assets (X6), total assets turnover (X7), fixed assets turnover (X8) dan 1 variabel terikat yaitu return saham (Y). Berdasarkan penelitian yang telah dilakukan diperoleh hasil sebagai berikut: variabel current ratio (X1),  quick ratio (X2), debt to equity ratio (X3), debt ratio (X4), profit margin (X5), return on assets (X6), dan fixed assets turnover (X8) memiliki pengaruh secara parsial terhadap return saham (Y) karena memiliki nilai signifikansi lebih kecil daripada 0,05. Sedangkan variabel total assets turnover (X7) tidak berpengaruh secara parsial terhadap return saham (Y) karena memiliki nilai signifikansi lebih besar daripada 0,05. Pada pengujian simultan diperoleh hasil sebagai berikut: current ratio, quick ratio, debt to equity ratio, debt ratio, profit margin, return on assets, total assets turnover, fixed assets turnover secara simultan tidak berpengaruh terhadap return saham karena nilai Fhitung lebih kecil daripada nilai Ftabel. Kata Kunci: Rasio Keuangan, Return Saham, Analisis Regresi Berganda.

scholarly journals Analisis Rasio Keuangan Koperasi KPRI Hikmah

2021 ◽  
Vol 2 (6) ◽  
pp. 1021-1029
Author(s):  
Yelsha Dwi Pasca
Keyword(s):  
Profit Margin ◽  
Total Asset ◽  
Return On Assets ◽  
Current Ratio ◽  
Total Debt ◽  
Net Profit ◽  
Equity Ratio

Abstrak: Penelitian ini bertujuan untuk mengetahui kondisi dan perkembangan keuangan KPRI Hikmah tahun 2017 - 2019 dengan menggunakan rasio likuiditas, solvabilitas, rentabilitas dan aktivitas. Jenis penelitian yang dilakukan berupa studi kasus pada Koperasi KPRI Hikmah Majalengka. Teknik pengumpulan data yang digunakan adalah dokumentasi dan wawancara. Teknik analisis data yang digunakan yaitu menghitung rasio-rasio likuiditas, solvabilitas, rentabilitas dakn aktivitas, menganalisis dengan menggunakan trend dan common size. Berdasarkan hasil analisis data keuangan koperasi KPRI Hikmah diperoleh kesimpulan bahwa tingkat likuiditas yang diukur menggunakan current ratio pada tahun 2017 – 2019 dikategorikan sangat baik. Tingkat solvabilitas yang diukur menggunakan total debt to equity dan total debt to total assets ratio pada tahun 2017 – 2019 dikategorikan baik. Tingkat rentabilitas diukur menggunakan net profit margin pada tahun 2017 – 2019 dikategorikan sangat baik. Return on assets dan rentabilitas modal sendiri dikategorikan cukup baik. Tingkat aktivitas yang diukur menggunakan perputaran aktiva dikategorikan baik. Hasil analisis trend pada current ratio, total debt to equity ratio, total debt to total asset ratio dan net profit margin pada tahun 2017 – 2019  mengalami peningkatan kinerja, sedangkan return on assets, rentabilitas modal sendiri dan perputaran aktiva mengalami penurunan. Hasil analisis common size pada laporan neraca dan sisa hasil usaha cenderung mengalami penurunan dalam perkembangan keuangannya. Rasio likuiditas memiliki kondisi dan perkembangan keuangan yang sangat baik sehingga koperasi perlu mempertahankan dan meningkatkan total aktivanya.

ANALISIS KINERJA KEUANGAN SEBAGAI ALAT PREDIKSI KEBANGKRUTAN DENGAN MODEL DISKRIMINAN

2015 ◽  
Vol 10 (2) ◽  
pp. 97
Author(s):  
Yulinartati Yulinartati
Keyword(s):  
Discriminant Analysis ◽  
Profit Margin ◽  
Return On Assets ◽  
Current Ratio ◽  
Return On Equity ◽  
Discriminant Model ◽  
Operating Profit ◽  
Net Profit ◽  
Equity Ratio ◽  
Turn Over

The purpose of this study was to determine whether the Current Ratio (CR), Debt Equity Ratio (DER), Total Assets Over Turen (TATO), net profit margin (NPM), Debt to Assets Ratio (DAR), Return on Assets (ROA) , Return on Equity (ROE), Gross Profit Margin (GPM), Operating Profit Margin (OPM) influential in distinguishing healthy firms and perusahaa bankruptcy discriminant model. Based on discriminant analysis of known groups of healthy companies and a group of companies that went bankrupt differ significantly, from 9 (nine) variables are in use only 4 (four) variable Current Ratio, Debt Equity Ratio, Net Profit Margin, and Gross Profit Margin is selected and able to differentiate healthy companies and companies go bankrupt, while the 5 (five) of the variables, Turn Over Total Assets, Debt to Assets Ratio, Return on Assets, Return on Assets, and Operating Profit Margin are not able to differentiate healthy and bankrupt companies. Keywords: Current Ratio ,Debt Equity Ratio, Total Assets Turen Over , Net profit Margin , Return on Assets, Return on Equity

scholarly journals The Effect of Financial Performance Measured With Rentability Ratio Against Dividend Payout Ratio (Empirical Study on Manufacturing Companies Group Listed on BEI)

2018 ◽  
Vol 2 (01) ◽  
Author(s):  
Imas Della Fauzi ◽  
Rukmini Rukmini
Keyword(s):  
Financial Performance ◽  
Return On Investment ◽  
Hypothesis Test ◽  
Profit Margin ◽  
Manufacturing Companies ◽  
Return On Assets ◽  
F Test ◽  
Dividend Payout ◽  
Return On Equity ◽  
Net Profit

This study aims to examine whether there is a significant effect of the company's financial performance as measured by the ratio of profitability with Return on Assets (ROA), Return On Equity (ROE), Return On Investment (ROI) and Net Profit Margin (NPM) to Dividend Payout Ratio (DPR). The data collected is obtained from the financial statements of manufacturing companies listed on the Indonesia Stock Exchange period 2013-2015. The analysis used to know how big the influence of ROA, ROE, ROI NPM to DPR company, writer do statistical analysis done by using descriptive analysis, doubled linear regression, correlation coefficient and coefficient of determination. While testing the hypothesis using F test for simultaneous test and t test partially, using SPSS 16. Based on the results of data processing, obtained regression equation Y = 31.225 + 1.209 X₁ - 0.106 X₂ + 0.505 X₃ - 0.708 X₄ + ε, analysis results Statistics simultaneously obtained the value of determination coefficient of 28.3%. While the rest equal to 71.7% influenced by other factors. Based on hypothesis test by using significant level α = 0,05 result of F test, show that together regression model can be used to explain the relation between Return on Asset, Return On Equity, Return On Investment and Net Profit Margin to Dividend Payout Ratio. Keywords: Return on Assets, Return on Equity, Return On Investment and Net Profit Margin, Dividend Payout Ratio

scholarly journals Analisis Laporan Keuangan Sebagai Alat untuk Menilai Kinerja Keuangan Perusahaan pada PT Multi Bintang Indonesia Tbk

2020 ◽  
Vol 9 (2) ◽  
pp. 83-95
Author(s):  
Yulida Army Nurcahya ◽  
Rizky Puspita Dewi
Keyword(s):  
Financial Performance ◽  
Good Condition ◽  
Return On Assets ◽  
Return On Equity ◽  
Financial Condition ◽  
Total Debt ◽  
Equity Ratio ◽  
Analytical Tools ◽  
Solvency Ratio ◽  
Profitability Ratios

This study aims to analyze the financial performance of PT. Multi Bintang Indonesia Tbk in 2016, 2017 and 2018. The analytical tools used in this study are liquidity ratios (current ratios and fast ratios), solvency ratios (ratio of total debt to assets and total debt to equity) ratios), and profitability ratios (return on investment and return on equity). The results of the current ratio and quick ratio research in 2017 show that the company's financial condition is quite good, because the debt is less than the assets and profits obtained. Whereas in 2016 and 2018, the company's financial condition was not good because of higher debt. The quick ratio in 2016 shows that the company's financial condition is not good. Based on the measurement of the solvency ratio, an increase in the total debt to asset ratio and the total debt equity ratio in 2016 and 2018 indicate that the financial condition is not in good condition. Judging from the profitability ratio, the decrease in return on assets and return on equity in 2016 and 2018 shows that the company's financial performance is not good because the ratios are not maximized in generating profits.

scholarly journals KINERJA KEUANGAN DAN HARGA SAHAM

2018 ◽  
Vol 1 (2) ◽  
pp. 75
Author(s):  
Siti Atikah ◽  
RR Sapto Hendri BS ◽  
Intan Rakhmawati ◽  
Wirawan Suhaedi ◽  
Baiq Rosyida
Keyword(s):  
Profit Margin ◽  
Total Asset ◽  
Financial Leverage ◽  
Current Ratio ◽  
Return On Equity ◽  
Turnover Ratio ◽  
Net Profit ◽  
Asset Turnover ◽  
Equity Ratio

Salah satu faktor yang menjadi bahan pertimbangan seorang investor atau calon investor saham dalam menentukan harga tawaran beli  maupun tawaran jual adalah kinerja keuangan. Berbagai literatur menyatakan bahwa mahal atau murahnya harga saham ditunjukkan oleh kinerja keuangan. Penelitian ini bertujuan untuk menguji secara empiris arah atau hubungan kinerja keuangan dengan harga saham  pada  perusahaan  sektor  pertanian dan sektor pertambangan pada periode 2013 hingga 2015. Penelitian ini juga mengelompokkan kinerja keuangan berdasarkan harga saham yang kurang dari Rp 500 dan harga saham diatas Rp 500  Hasil analisis menunjukkan bahwa current ratio, debt to equity ratio, net profit margin, return on equity, earning per share, dan price earning rasio perusahaan  sektor  pertanian  memiliki  arah  yang  negatif  terhadap  harga saham, sedangkan arah positif ditunjukkan oleh asset turnover ratio, debt to total asset, financial leverage dan gross profit margin. Hasil yang berbeda terjadi   pada   harga saham   perusahaan   di   sektor   pertambangan.   Aset turnover ratio, debt to total asset, financial leverage, gross profit margin dan price earning ratio perusahaan sektor pertambangan memiliki arah yang negatif terhadap harga saham.

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