scholarly journals Measuring Automotive Company's Capabilities in Indonesia in Producing Profits Regarding Working Capital

2018 ◽  
Vol 4 (1) ◽  
pp. 67 ◽  
Author(s):  
Yuniningsih Yuniningsih ◽  
Veronika Nugraheni Sri Lestari ◽  
Nurmawati Nurmawati ◽  
Barid Nizarudin Wajdi
Keyword(s):  
Stock Exchange ◽  
Secondary Data ◽  
Financial Statements ◽  
Working Capital ◽  
Return On Equity ◽  
Cash Conversion Cycle ◽  
Inventory Turnover ◽  
Independent Variable ◽  
Positive Effect ◽  
Observation Period

<p>The present research aims to determine company's ability to generate profit for capital or shareholders represented by proxy profitability and measured by return on equity (ROE) by taking into account working capital. The method of analysis used is multiple linear regressions with profitability as dependent variable and working capital as an independent variable in terms of cash cycle conversion variables, inventory turnover, and liquidity. The data used are secondary data from financial statements of automotive companies listed in Indonesia Stock Exchange (IDX) with the observation period of 2012-2016. The finding indicates that cash conversion cycle variable has a significant effect on profitability with negative direction yet does not support the hypothesis. Turnaround voucher variables support hypotheses which have a positive effect on profitability.  Liquidity variable has no significant effect on profitability. Limitation of this research is that working capital variable only based on 3 variables.  Implications created by the present study are that independent variables in this study have only contributed in explaining the dependent variable by 27.9%. Therefore, future study needs to be expanded with other variables of working capital or other variables. In addition, unit of analysis can be extended to companies other than automotive.</p>

scholarly journals Analyze Return on Equity and Weighted Average Cost of Capital Linkages to Firm Value

2021 ◽  
Vol 5 (1) ◽  
pp. 1-6
Author(s):  
Deuis Kartinah ◽  
Dicky Jhoansyah ◽  
Faizal Mulia Z
Keyword(s):  
Average Cost ◽  
Firm Value ◽  
Stock Price ◽  
Cost Of Capital ◽  
Stock Exchange ◽  
Weighted Average ◽  
Secondary Data ◽  
Financial Statements ◽  
Return On Equity ◽  
Independent Variable

The company's stock price which always experiences a decline is the background of this research. This study aims to determine the effect of return on equity (ROE) and Weighted Average Cost of Capital (WACC) on firm value in the textile and garment sector which is listed on the Indonesia Stock Exchange. This study using secondary data from is Financial statements of textile and garment companies from 2013 to 2018 obtained through the website Indonesia Stock Exchange. The analytical method used is multiple linear regression and data analysis using IBM Statistics 26. Based on the result of the analysis it can be concluded that return on equity and weighted average cost of capital has a significant effect on firm value with R2 equal to 0,329, which means the contribution of the independent variable to firm value by Price book value (PBV) in textile and garment companies is equal to 32,9 % and the remainder equal to 68,1 % can be explained by other variables outside this study, and based on the value of F with the values 6.606 shows that the simultaneous correlations of independent variables namely ROE and WACC with the dependant variable firm value.

scholarly journals THE EFFECT OF WORKING CAPITAL ON FIRM PERFORMANCE

2018 ◽  
Vol 2 (2) ◽  
pp. 232-244
Author(s):  
Indah Wahyuni ◽  
Seto Sulaksono Adi Wibowo
Keyword(s):  
Firm Performance ◽  
Stock Exchange ◽  
Capital Good ◽  
Working Capital ◽  
Independent Variables ◽  
Cash Conversion Cycle ◽  
Good Working ◽  
Net Profit ◽  
Inventory Turnover ◽  
Positive Effect

This study aims to examine the effect of working capital on firm performance. To implement the operating activities, the company should be able to manage good working capital. Good working capital management can help to enhance the firm performance in the eyes of investors. In this research, working capital is measured using working capital turnover, inventory turnover, days of supply, and cash conversion cycle as independent variables, while firm performance is measured using net profit margin as the dependent variable. The sample of this research is a manufacturing company listed in Indonesia Stock Exchange (IDX) period 2014-2016. Samples were taken by using purposive sampling and meeting the sample criteria. The anaysis technique used in this research is multiple regression analysis by using t test. The results of the study found that working capital turnover, days of supply, and cash conversion cycle negatively affect the performance of the company. While the variable of inventory turnover shows that inventory turnover has a positive effect on firm performance.

scholarly journals PENGARUH FRAUD DIAMOND, CORPORATE GOVERNANCE, DAN KOMPLEKSITAS BANK TERHADAP FINANCIAL STATEMENT FRAUD PADA PERUSAHAAN PERBANKAN

2019 ◽  
Vol 4 (2) ◽  
pp. 157
Author(s):  
Centhya Wati ◽  
Windhy Puspitasari
Keyword(s):  
Corporate Governance ◽  
Sampling Method ◽  
Stock Exchange ◽  
Secondary Data ◽  
Financial Statements ◽  
The Other ◽  
Financial Statement ◽  
Financial Statement Fraud ◽  
Independent Variable ◽  
Positive Effect

<p><em>This </em><em>research</em><em> aimed to examine the effect of diamond fraud, corporate governance and complexity of the bank to financial statement fraud in companies engaged in banking activities using secondary data. </em><em></em></p><em>The population in this research was banking companies that listed in Indonesia Stock Exchange for the period 2013-2015. The method used is multiple regression analysis by purposive sampling as sampling method. Selected samples of 30 companies during of 3 periods are 90 samples. Data were obtained through the annual financial statements which have been provided in the Indonesia Stock Exchange. The results showed that pressure has significant positive effect on financial statement fraud, while opportunity, rationalization, capability, corporate governance and complexity have not significant effect on financial statement fraud. Adjusted R Square value of 0,115 can illustrate that the dependent variable was explained by the independent variable variabelitas for 11,5% while 88,5% are influenced by the other variables</em>

scholarly journals Pengaruh Perputaran Modal Kerja dan Perputaran Kas Terhadap Profitabilitas

2021 ◽  
Vol 6 (1) ◽  
pp. 79-87
Author(s):  
Seto Sulaksono Adi Wibowo ◽  
Merlin Merlin ◽  
Yosi Handayani
Keyword(s):  
Regression Analysis ◽  
Panel Data ◽  
Return On Investment ◽  
Stock Exchange ◽  
Secondary Data ◽  
Financial Statements ◽  
Insurance Companies ◽  
Insurance Company ◽  
Working Capital ◽  
Positive Effect

The objective this study are to determine the effect of working capital and the cash turnover on the level of profitability in insurance companies. Working capital variable is measured by working capital turnover (X1), the effectiveness of the use of cash is measured by cash turnover (X2) and profitability is measured by return on investment/ROI (Y). The population in this study is an Insurance Company listed on the Indonesia Stock Exchange from 2011-2015. The sample in this study is taken by using purposive sampling technic. Samples consist are 50 financial statements that meet the criteria. The type of data used in this study is secondary data originating and published from the Indonesia Stock Exchange. The collected panel data then analyzed by using model test, classical assumption, multiple regression analysis, t test, and determinant coefficient analysis to see the level of conformity of the analysis. The result of this research shows that the rotation of working capital has a positive effect on profitability, it can be seen from t value> t table (2.181> 2.010) and cash turnover has no significant effect on profitability, can be seen from t value <t table (-1,771 < 2.010).

scholarly journals KINERJA KEUANGAN BANK MILIK PEMERINTAH INDONESIA (Studi Kasus : BNI, BRI, BTN, Bank Mandiri)

2019 ◽  
Vol 7 (1) ◽  
pp. 23-35
Author(s):  
Ahmad Soleh ◽  
Yun Fitriano
Keyword(s):  
Linear Regression ◽  
Multiple Linear Regression ◽  
Stock Exchange ◽  
Secondary Data ◽  
Financial Statements ◽  
T Test ◽  
Coefficient Of Determination ◽  
F Test ◽  
Independent Variable ◽  
Positive Effect

This study aims to analyze the comparison of the financial performance of state-owned banks and provide empirical evidence of the effect of LDR, CAR, and NPL on ROA. This analysis uses an independent variable of liquidity and solvency. The independent variable is focused on CAR, LDR, NPL, while the dependent variable is profitability focused on ROA. The data used are secondary data derived from the annual financial statements of BNI, BRI, BTN, Bank Mandiri listed on the Indonesia Stock Exchange in the period 2008 to 2015. The method of testing data uses, classic assumption test, multiple linear regression, coefficient of determination (R2 ), by testing the hypothesis t test and F test. The results showed that the multiple linear regression equation Y = 1.145 + 0.023 X1 + 0.004 X2 - 0.281 X3. Partial test (t test) shows that the LDR ratio of government-owned banks has a positive and significant effect on ROA with a t count of 3.108 > t table 1.693 with a significant level of 0.0046 or 0.46%. CAR ratio has a positive effect and is not significant for ROA with a t count of 0.126 < t table 1.693 with a significant level of 0.9004 or 90.4%. The NPL ratio has a negative and not significant effect on ROA with a tcount of -4.594 < t table 1.693 with a significant level of 0.0001 or 0.01%. Simultaneous testing (F test) shows the ratio of LDR, CAR, and NPL has a positive and significant effect on ROA with a calculated F value of 26.414 > t table 2.93 with a significant level of 0.000 or 0.0%. The results of testing the coefficient of determination (R2) shows that the independent variables LDR, CAR, and NPL can explain the effect on the dependent variable ROA, which is equal to 0.863 or 86.3% while 13.7% is influenced by other variables not examined.

scholarly journals Pengaruh Modal Kerja, Likuiditas, Struktur Modal Terhadap Profitabilitas Perusahaan Manufaktur 2012 – 2014

2019 ◽  
Vol 24 (1) ◽  
pp. 80
Author(s):  
Emillia Sastra
Keyword(s):  
Capital Structure ◽  
Stock Exchange ◽  
Secondary Data ◽  
Strong Relationship ◽  
Financial Statements ◽  
Coefficient Of Determination ◽  
Manufacturing Companies ◽  
Working Capital ◽  
Independent Variable

The purpose of this empirical research is to obtain empirical evidence about the influence of working capital, liquidity and capital structure on the profitability on manufacturing companies listed on the stock exchange from 2012-2014. This research used manufacturing companies for total of 198 data in three years and that were selected using purposive sampling method. The data used in this research are secondary data in the form of financial statements. The results showed that the working capital and liquidity has a positive significant effect on profitability, capital structure does not have a significant effect on profitability. The testing showed independent variable have a significant impact on the profitability and show that the correlation of the independent variables have strong relationship to the dependent variable. Testing results show that the coefficient of determination of 55.1%, dependent variable is affected by the independent variable, while the remaining 44,9 % is explained by other variables.

PENGARUH KINERJA KEUANGAN TERHADAP HARGA SAHAM PADA PERUSAHAAN SEKTOR JAKARTA ISLAMIC INDEX YANG TERDAFTAR DI BURSA EFEK INDONESIA

2019 ◽  
Vol 16 (4) ◽  
pp. 516-528
Author(s):  
Abdullah Abdullah
Keyword(s):  
Stock Prices ◽  
Stock Exchange ◽  
Financial Statements ◽  
Working Capital ◽  
Current Ratio ◽  
Return On Equity ◽  
Share Prices ◽  
Equity Ratio ◽  
Influential Variable ◽  
Observation Period

ABDULLAH, 2019. Effect of Financial Performance on Stock Prices on the Jakarta Islamic Index Sector Companies listed on the Indonesia Stock Exchange in 2016-2019. This study aims to determine the effect of Current Ratio, Debt to Equity Ratio, Return On Equity, and Working Capital Turnover partially, as well as simultaneously on the Stock Prices of the Jakarta Islamic Index Sector Companies listed on the Indonesia Stock Exchange in 2016-2019. The population in this study is the Jakarta Islamic Index Sector Companies listed on the Indonesian stock exchange as many as 30 companies. The sample of this study was 10 (ten) companies selected based on criteria, namely: Jakarta Islamic Index Sector Companies listed on the Indonesia Stock Exchange Period 2016-2019; Publish audited financial statements; Having profit; and have distributed cash dividends during the observation period. The results of this study indicate that the Current Ratio (X1) Debt to Equity Ratio (X2) and Working Capital Turnover (X4) partially have no significant effect. Whereas Return On Equity (X3) has a positive and significant effect on stock prices on the Jakarta Islamic Index Sector Companies listed on the Indonesia Stock Exchange Period 2016-2019. Simultaneously Current Ratio (X1), Debt to Equity Ratio (X2), Return On Equity (X3), and Working Capital Turnover (X4) have a positive and significant effect on the Share Prices of Jakarta Islamic Index Companies in the Indonesia Stock Exchange Period 2016-2019. The dominant influential variable is Return On Equity (X3).   ABDULLAH, 2019. Pengaruh Kinerja Keuangan Terhadap Harga Saham pada Perusahaan Sektor Jakarta Islamic Index yang terdaftar di Bursa Efek Indonesia Tahun 2016-2019. Penelitian ini bertujuan untuk mengetahui pengaruh Current Ratio, Debt to Equity Ratio, Return On Equity, dan Working Capital Turnover secara parsial, maupun simultan terhadap Harga Saham pada Perusahaan Sektor Jakarta Islamic Index yang terdaftar di Bursa Efek Indonesia Tahun 2016-2019. Populasi dalam penelitian ini adalah Perusahaan Sektor Jakarta Islamic Index yang terdaftar di bursa efek Indonesia sebanyak 30 perusahaan. Sampel penelitian ini adalah 10 (sepuluh) perusahaan yang dipilih berdasarkan criteria yaitu: Perusahaan Sektor Jakarta Islamic Index yang terdaftar di Bursa Efek Indonesia Periode 2016-2019; Menerbitkan laporan keuangan yang telah diaudit; Memiliki keuntungan (profit); dan pernah membagikan Cash Deviden selama periode pengamatan. Hasil penelitian ini menunjukkan bahwa Current Ratio (X1) Debt to Equity Ratio (X2) dan Working Capital Turnover (X4) secara parsial tidak berpengaruh signifikan. Sedangkan Return On Equity (X3) berpengaruh positif dan signifikan terhadap harga saham pada Perusahaan Sektor Jakarta Islamic Index yang terdaftar di Bursa Efek Indonesia Periode 2016-2019. Secara Simultan Current Ratio (X1), Debt to Equity Ratio (X2), Return On Equity (X3), dan Working Capital Turnover (X4) berpengaruh Positif dan Signifikan terhadap Harga Saham pada Perusahaan Sektor Jakarta Islamic Index yang terdaftar di Bursa Efek Indonesia Periode 2016-2019. Variabel yang berpengaruh dominan adalah Return On Equity (X3).

scholarly journals TATA KELOLA, KOMPENSASI CEO, KARAKTERISTIK CEO, ACCOUNTING IRREGULARITIES DAN TAX AGGRESSIVENESS

2019 ◽  
Vol 6 (2) ◽  
pp. 285
Author(s):  
Ririn Juliawaty ◽  
Christina Dwi Astuti
Keyword(s):  
Corporate Governance ◽  
Ceo Compensation ◽  
Stock Exchange ◽  
Secondary Data ◽  
Analysis Model ◽  
Tax Aggressiveness ◽  
Ceo Tenure ◽  
Negative Effect ◽  
Independent Variable ◽  
Positive Effect

<p><em>The purpose of this research is</em><em> </em><em>to examine the effect of corporate governance, CEO characteristic, CEO compensation, and accounting irregularities on tax aggressiveness. The dependent variable in this research is tax aggressiveness, while the independent variable in this research are corporate governance, characteristic CEO and CEO compensation</em><em>.</em></p><p><em>This study used secondary data with entire population manufacture companies listed at the Indonesia Stock Exchange (BEI) for 2015 -2017. The research sample are consists of 37 companies. The sampling method used to determine the sample is purposive sampling. The analysis model used in this research is multiple regression of panel data.</em><em></em></p><p><em>Based on analytical results concluded that independent director have a significant and negative effect on tax aggressiveness while accounting irregularities has a significant and positive effect on tax aggressiveness. The board size, CEO compensation, age, and CEO tenure have no significant effect on tax aggressiveness. </em></p>

scholarly journals Pengaruh Leverage, Likuditas, Perputaran Modal Kerja dan Inflasi Terhadap Profitabilitas pada Perusahaan Kelapa Sawit yang Terdaftar di Bursa Efek Indonesia Periode 2015-2018

2021 ◽  
Vol 9 (1) ◽  
pp. 17
Author(s):  
Christine Refina Malinda Pande ◽  
Deannes Isynuwardhana
Keyword(s):  
Oil Palm ◽  
Stock Exchange ◽  
Panel Data Analysis ◽  
Secondary Data ◽  
Working Capital ◽  
Financial Report ◽  
Financial Condition ◽  
Secondary Data Source ◽  
Data Source ◽  
Positive Effect

ABSTRACTOil palm companies are one of the sectors that have an impact on the economy. Indonesia has a climate that is very suitable for planting oil palm. The company's goal is to make a profit. Then the company will improve its financial performance in order to achieve its goals. Basically, the goal of the company is to be able to increase the company's profitability. The company's profitability will reflect a company's financial condition, and illustrate the effectiveness and efficiency of the company in managing its operations. The purpose of this study is to determine the significant effect of leverage, liquidity, working capital turnover, and inflation that affect the profitability of oil palm companies listed on the Indonesia Stock Exchange in the 2015-2018 period with a large sample of 11 companies. The results of the study with panel data analysis using the E-views 9 application. The data collection method used a secondary data source in the form of an annual financial report document. Based on the research results, it is found that simultaneously leverage, liquidity, working capital turnover, inflation have an effect on profitability. Partially leverage, liquidity has a positive effect on profitability, and working capital turnover, inflation has no effect on profitability.

scholarly journals Pengaruh Capital TurnOver, Return on Equity, dan Firm Size terhadap Price Book Value

2019 ◽  
Vol 2 (2) ◽  
pp. 52-70
Author(s):  
Aemelia Angesti ◽  
Fernaldy Fernaldy ◽  
Maisarah Maisarah ◽  
Erica Erica ◽  
Desy Anwar ◽  
...  
Keyword(s):  
Firm Size ◽  
Sampling Method ◽  
Activity Ratio ◽  
Stock Exchange ◽  
Secondary Data ◽  
Manufacturing Companies ◽  
Working Capital ◽  
Return On Equity ◽  
Book Value ◽  
Data Validity

This study’s main objective is to examine the effect of working capital turnover, return on equity, and firm size toward price book value in the manufacturing companies listed on the Indonesian Stock Exchange in 2013-2016. Working capital turnover is the proxy chosen from activity ratio. Return on equity is the proxy chosen from probability ratio. Firm size is based on total assets, with the nominal itself is in natural logarithms. Sample of research was determined by purposive sampling method to obtain 58 manufacturing companies listed on the Indonesia Stock Exchange (BEI) in the years 2013-2016. This study uses secondary data. Validity test of this study is done with multiple regression analysis and classic assumption test. The results of this study indicates that there is significant influence between the variables Working Capital Turnover, Return on Equity, and Firm Size toward Price Book Value.

Sign in / Sign up

Export Citation Format

Share Document