scholarly journals Makalah Kelompok 9 (Analisis Sumber Dan Penggunaan Modal Kerja)

2021 ◽  
Author(s):  
Muh. Aqsal Sahib
Keyword(s):  
Current Ratio ◽  
Acid Test

Laporan Keuangan merupakan pelaporan dari peristiwa-peristiwa keuangan laporan keuangan merupakan alat yang sangat penting untuk memperoleh informasi dengan posisi keuangan dan hasil-hasil yang telah dicapai oleh perusahaan. Mulanya laporan keuangan utama perusahaan adalah Neraca dan Laporan Laba Rugi, tetapi belakangan ini lahirlah Laporan Modal Kerja atau Laporan sumber dan Penggunaan Modal Kerja. Untuk membiayai operasi perusahaan perlu adanya modal kerja yang diharapkan akan dapat kembali membiayai operasi perusahaan selanjutnya. Laporan sumber dan penggunaan modal erat kaitannya dengan tingkat likuiditas dalam memenuhi kewajiban jangka pendek dengan sejumlah aktiva-aktiva lancar yang dimiliki perusahaan. Ada beberapa macam rasio dalam menilai likuiditas yaitu Current Ratio, Acid Test Ratio, dan Cash Ratio.

INFLUENCE OF LIQUIDITY ON FIRM PROFITABILITY, A CASE OF INVESTMENT FIRMS LISTED IN NAIROBI SECURITIES EXCHANGE (NSE), KENYA

2021 ◽  
pp. 148-161
Author(s):  
Joshua Mogaka
Keyword(s):  
Significant Positive Correlation ◽  
Secondary Data ◽  
Sampling Technique ◽  
Annual Reports ◽  
Current Ratio ◽  
Positive Correlation ◽  
Firm Profitability ◽  
Margin Of Safety ◽  
Investment Firm ◽  
Acid Test

ABSTRACT Liquidity and firm profitability are the critical indicators of the performance of firms in any given sector. Liquidity ratios such as current ratio, cash ratio and quick acid test ratio are used to measure the ability of a firm and meet its short-term maturing obligations. Margin of safety is determined by the level of the ratio. Profitability ratio are concerned with the relative profit and efficiency of utilization of service resources of a business. This study was guided by three specific objectives; the correlation between the current ratio and profitability of investment firms listed in (NSE),Kenya, the correlation between the quick acid test ratio and profitability of investment firms listed in (NSE),Kenya and the correlation between the cash ratio on profitability of investment firm listed in NSE Kenya .Return on Assets (ROA) and Return on Investment (ROI) were used as measures of the performance of listed investment firms in (NSE),Kenya. The study adopted a descriptive research design. The population of the study consisted all the investment firms listed in (NSE).The sampling technique was non-probability sampling technique for the all the investment firms listed in (NSE).The secondary data in the form of the annual reports and Accounts for the years 2014-2018 were be used. Simple correlation analysis was used to test the hypothesis at 10% level of significance. Analysis of data was tabulated and presented using frequency tables' percentages and explanations. A multi linear regression model was used to establish the relationship between independent and Dependent variables. The overall findings of the study indicated that: There is no significant positive correlation .between cash ratio and profitability; there was no definite significant correlation between acid-test ratio and profitability; there was a significant positive correlation between current ratio and profitability. The researcher recommends that corporate entities should not pursue extreme liquidity policies at the expense of their profitability, that is, they should strike a balance between Liquidity and profitability. Key Words: Liquidity, Profitability, Performance, Margin of Safety, ROA, ROI

scholarly journals The Effects of Financial Performance toward Firm Value on Tourism, Hotel and Restaurant, and Transportation Sectors Listed on Indonesia Stock Exchange

2021 ◽  
Vol 9 (1) ◽  
pp. 141
Author(s):  
Variyetmi Wira
Keyword(s):  
Firm Value ◽  
Stock Exchange ◽  
Profit Margin ◽  
Debt Ratio ◽  
Current Ratio ◽  
Accounts Receivable ◽  
Net Profit ◽  
Equity Ratio ◽  
Collection Period ◽  
Acid Test

This study aims to examine the effect of financial ratios on firm value. The sample was chosen using purposive sampling with the data collection period 2016-2019, particularly in the tourism, hotels and restaurants, and transportation sectors listed on the Indonesia Stock Exchange. The sampling technique used purposive sampling, in order to obtain 45 companies per year. The data was collected through the datastream and www.idx.co.id website, and analyzed by employing SPSS 26 version. Financial performance variables are measured using Current ratio, Acid test ratio, Debt ratio, Debt to Equity ratio, Receivables collection period, Accounts receivable turnover, Gross Profit Margin and Net Profit Margin, while the firm value variable is measured by Price to Book Value (PBV). Since the data should meet the classical assumption test, therefore, normality test, multicollinearity test, heteroscedasticity and autocorrelation were carried out. The results showed that the debt ratio, accounts receivable turnover and net profit margin had a significant effect on firm value. On the other hands, other ratios such as current ratio, acid test ratio, debt to equity ratio, accounts receivable collection period, and gross profit margin do not have a significant effect on firm value.

scholarly journals ANALISIS RASIO LANCAR RUMAH SAKIT X

2016 ◽  
Vol 1 (2) ◽  
Author(s):  
Marsdenia Marsdenia
Keyword(s):  
Secondary Data ◽  
Primary Data ◽  
Normal Range ◽  
Current Ratio ◽  
Qualitative Approaches ◽  
Secondary Data Source ◽  
Data Source ◽  
Cash Inflow ◽  
Turn Over ◽  
Acid Test

ABSTRACT – Increasing the efficiency of hospital management sustainability is an ongoing financialmanagement guidelines that absolutely must be adopted by any hospital. This study aims at obtaininginformation about the components that contribute to the fluctuations of the current ratio Hospital X between2000, 2001 and 2002. This study used quantitative and qualitative approaches, with the primary data source(in-depth interviews to the relevant parties ie Hospital Director, Chief Financial Officer and Vice DirectorAdiministrasi Finance) and the secondary data source include financial statements. The research shows thatRS X’s current ratio are still in a normal range except in the year of 2001 was below the standard (1.42). Themore sensitive ratio, Acid Test Ratio, is still in normal range in the year of 2000, but in the year of 2001, and2002, the ratios are in the lowest bend of the normal range. Cash Ratios for many years are also in the lowestbend except for the year of 2000, Receivable turn over ratios for the last three years go smaller showing thatreceivables took longer time to collect, the normal range for receivable turn over is 14 up to 20 days. Inventoryturn over ratios are below the standard range (24-32 times per year), the average inventory held in warehouseAnalisis Rasio Lancar Rumah Sakit XMarsdeniaVolume 1, Nomor 2, pp 61-8362is between 16 up to 21 days. The value of current ratio is got from comparison between current assets andcurrent liabilities. Nominally, RS X’s current ratio in 2002 is in the state bend, namely, 1.5 – 2.00, in the realterm, the ratio shows on contradictory pictures. The reasons are a) Guaranteed Receivables are valued abovethe normal practice (overstated) b) overstated of Non Guaranteed receivables/Personal Receivables.Based on this research, the author thinks that there are some rooms for RS X’s management to fittheir current ratio problem. There are several suggestions that the management can adopt, namely controllingcash outflow and cash inflow, reevaluating receivables policy, reforming the supply of inventories (medicine)procedures.Keywords: Current ratio, cash, patient receivables, inventory, current liabilities.

scholarly journals Analisis Kualitas Laporan Keuangan pada Perusahan Daerah Air Minum (PDAM) Kota Baubau

2021 ◽  
Author(s):  
Said Saleh Salihi ◽  
Said Saleh Salihi
Keyword(s):  
Quantitative Analysis ◽  
High Current ◽  
Current Ratio ◽  
Increasing Trend ◽  
The Difference ◽  
Acid Test

This study aims to determine the level of rentability of PDAM Kota Baubau, and to know the effectiveness and condition of PDAM Kota Baubau in working on its source of fund. Analysis of data used is descriptive quantitative analysis is based on the calculation to determine the level of liquidity, profitability, activity. Liquidity PDAM Baubau City seen from the current ratio then PDAM Baubau City in a state of liquidity. From 2015-2016 shows an increasing trend, Liquidity PDAM Baubau City seen from the acid test ratio then PDAM Baubau City in a state of liquidity. From 2015-2016 the trend is increasing. The difference in the high current ratio with the acid test ratio is not too much different, it shows the current assets invested in low inventory, Rentability PDAM Baubau City seen from the rentability of own capital from 2015-2016 the increase or decrease. Especially in 2016 rentability own capital has decreased very dratis when compared with the year 2015

scholarly journals Indebtedness and Liquidity in Agriculture: A Long-term Sectoral Evidence from Turkey

2020 ◽  
pp. 60-73
Author(s):  
Celal Demirkol ◽  
Ali Faruk Acikgoz
Keyword(s):  
Trade Credit ◽  
Time Span ◽  
Short Term ◽  
Current Ratio ◽  
Agriculture Sector ◽  
Total Debt ◽  
Long Run ◽  
Acid Test ◽  
The Impact

Being indebted and the liquidity shortfalls could be the base for recreating debt in the circumstances of unavailable trade credit. Accessing to bank credit or other liabilities is rather a function of liquidity for all types of businesses. Excluding equities, we hereby aim to reveal a sectoral evidence by the help of other liabilities side contributors and liquidity indicators on to what extend a firm regenerates debt in the long-run depending on the general liquidity criteria. Therefore, we try to explore a sector specific long-term evidence on the agriculture sector in Turkey. The real sector statistics feed the study in terms of data. Data curation consists of calculating data series as averages of three years aggregate balance sheet totals in the agriculture sector of Turkey for the time span of 1996 and 2016. The methodology follows a path as testing regressions for the variables, presenting interchangeably significant results, affirming the assumptions of the regressions, tests on unit root and cointegration along with causalities. The findings of the study confirm self-creating reasons of being indebted with the impact of liquidity. The study represents three models which have total debt to total assets ratio, short-term bank credits to short-term liabilities ratio, and long-term bank credits to total assets ratio as dependent variables respectively. We have analyzed the effects of current ratio, acid-test or quick ratio and cash and cash equivalents ratio which are listed as leading liquidity indicators. Cash and cash equivalents and current ratio have been found significant on the liabilities in the early trials of regressive test models. However, except current ratio liquidity indicators all together failed in predicting. The results eventually confirm the importance of eminent liquidity criteria, both current ratio and acid-test ratio are significant on the selected variables of liabilities as an evidence for the agriculture sector of Turkey in the long-run. Nevertheless, acid-test ratio has rather strong and enduring effects. Since cash and cash equivalents have been determined as stationary at a different level, they could therefore have insignificant impact on being indebted for longer periods than time span of the study. Yet the creditors would better not to directly add a liquidity indicator in their decision process of creditability in a sector. Nonetheless, the novelty of the study also ensures that predicting total debt and bank credits of both short and long run might require the same liquidity indicators along with other liability side contributors which do not necessarily or directly consider the shareholders’ equities in a sector specific atmosphere. 

scholarly journals Measuring Solvency In The Turkish Public Transportation Industry

2018 ◽  
Vol 6 (12) ◽  
Author(s):  
Cem Berk ◽  
Kamil Erguler
Keyword(s):  
Public Transportation ◽  
Financial Analysis ◽  
Government Support ◽  
Debt Ratio ◽  
Transportation Industry ◽  
Current Ratio ◽  
Review Section ◽  
Equity Ratio ◽  
Acid Test

Financial analysis is a combined effort of knowledge and experience to obtain relevant ratios and elaborate on the results. The study is an application of financial analysis on Istanbul Public Transportation Company. As seen in the literature review section of the study public transportation companies require high subsidies by governments which is a factor to consider in the research. The research period is 2014-2016. It is a comparative study with the inclusion of Izmir – ESHOT and Ankara – EGO public transportation companies. The results are therefore compared with industry averages computed by the average of public transportation companies of three big cities in Turkey. The research is based on 7 selected ratios, 3 for measuring liquidity and the remaining 4 for measuring solvency. The ratios used in this paper are current ratio, acid test ratio, cash ratio, total debt ratio, debt equity ratio, equity multiplier, and long term debt ratio. According to the results, the companies have a very low current ratio which means they operate with low liquidity. Solvency analysis also reveal that, there are high degrees of leverage and negative shareholders’ equity. The research shows that companies might struggle to repay debts without government support

scholarly journals Analisis Kualitas Laporan keuangan Pada Perusahaan Daerah Air Minum (PDAM) Kota Baubau

2021 ◽  
Author(s):  
Said Saleh Salihi ◽  
Said Saleh Salihi
Keyword(s):  
Quantitative Analysis ◽  
High Current ◽  
Current Ratio ◽  
Increasing Trend ◽  
The Difference ◽  
Acid Test

This study aims to determine the level of rentability of PDAM Kota Baubau, and to know the effectiveness and condition of PDAM Kota Baubau in working on its source of fund. Analysis of data used is descriptive quantitative analysis is based on the calculation to determine the level of liquidity, profitability, activity. Liquidity PDAM Baubau City seen from the current ratio then PDAM Baubau City in a state of liquidity. From 2015-2016 shows an increasing trend, Liquidity PDAM Baubau City seen from the acid test ratio then PDAM Baubau City in a state of liquidity. From 2015-2016 the trend is increasing. The difference in the high current ratio with the acid test ratio is not too much different, it shows the current assets invested in low inventory, Rentability PDAM Baubau City seen from the rentability of own capital from 2015-2016 the increase or decrease. Especially in 2016 rentability own capital has decreased very dratis when compared with the year 2015

scholarly journals Financial ratio analysis (case study on pharmaceutical industry in indonesia listed on the indonesia stock exchange year 2012-2014

2017 ◽  
Vol 2 (1) ◽  
Author(s):  
Annisa Fatkhul Jannah
Keyword(s):  
Stock Exchange ◽  
Financial Statements ◽  
Fixed Asset ◽  
Current Ratio ◽  
Accounts Receivable ◽  
A Value ◽  
Asset Turnover ◽  
Inventory Turnover ◽  
Acid Test ◽  
Profitability Ratios

AbstrakThe purpose of this thesis is to analyze the financial performance of pharmacycompanies are included in the main board at the Indonesia Stock Exchange based on the results of the analysis of financial ratios on the financial statements of each company during the period 2012-2014.The method used is descriptive research by analyzing financial statements using quantitative data and data analysis techniques used by the researchers are financial ratios, namely Liquidity Ratios, SolvencyRatios, Activity Ratios and Profitability Ratios. The results based on the liquidity ratio current ratio PT Darya Varia Laboratoria current ratio have a value higher than the company's competitors. Acid test ratio PT Sido Appears Pharmaceutical Industry Tbk acid test ratio has a value higher than the company's competitors. Value solvency ratio debt ratio has a value of PT Indofarma Tbk highest debt ratio than the company's competitors. The value of the accounts receivable turnover ratio of activity of PT Darya Varia Laboratoria Tbk has the lowest value of the accounts receivable turnover compared to the company's competitors. The value of inventory turnover and Pharmaceutical PT Industri Jamu Sido Appears Tbk has the highest inventory turnover value than the company's competitors. Fixed asset turnover value of PT Kalbe Farma Tbk has the highest value of fixed asset turnover than the company's competitors. Toral turnover value of assets of PT Kalbe Farma Tbk has the highest value of total asset turnover than the company's competitors. Value gross profit margin profitability ratios PT Taisho Pharmaceutical Indonesia Tbk have the value  

scholarly journals PENGARUH PERPUTARAN MODAL DAN LIKUIDITAS TERHADAP PROFITABILITAS DAN HARGA SAHAM

2014 ◽  
Vol 3 (1) ◽  
Author(s):  
Ali Hamdi
Keyword(s):  
Path Analysis ◽  
Stock Prices ◽  
Secondary Data ◽  
Current Ratio ◽  
Analysis Techniques ◽  
Significant Negative Effect ◽  
Negative Effect ◽  
Inventory Turnover ◽  
Acid Test ◽  
Positive Effect

Ali HamdiPT. Graha Sekar Kencana SurabayaE-mail: [email protected] research aim to examine (1) whether the cash, receivables, inventories turnover, current ratio,acid test ratio and cash ratio simultaneously and partially affect the NPM, ROA, ROE and stockprice, (2) whether those variables also positively and significantly effect on stock prices through theNPM, ROA and ROE. This study used the secondary data which taken from BEI at MuhammadiyahUniversity of Malang. The number of companies were only 7 in 2008 to 2011 and listed at the StockExchange. The sampling was total sampling. Analysis techniques used path analysis. The resultsshowed that the cash, receivables, inventories turnover, current ratio, acid test ratio and cash ratiowere not significant simultaneously effect on NPM but positive and significant effect on ROA andROE. Whereas ROA and ROE positive and significantly effect on stock prices. Partially, cash, receivablesturnover and acid test ratio were not significant and negative effect on NPM. Inventory turnover,current ratio and cash ratio were not positive effect. Cash, receivables and inventories turnoverwere not significant and negative effect to ROA whereas current ratio, acid test ratio and cash ratiowere either. Cash, receivables turnover and acid test ratio were not significant negative effect onstock prices through the NPM, ROA and ROE.Keywords: Cash turnover, receivables turnover, inventories turnover, NPM, ROA and ROE.

Simple Acid Test Can Diagnose ‘Sensitive Skin’

2005 ◽  
Vol 35 (11) ◽  
pp. 34
Author(s):  
JANE SALODOF MACNEIL
Keyword(s):  
Sensitive Skin ◽  
Acid Test
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