scholarly journals ANALISIS RASIO ARUS KAS UNTUK MENGUKUR KINERJA KEUANGAN PADA PT KALBE FARMA Tbk.

2018 ◽  
Author(s):  
Meldawati ◽  
Febryandhie Ananda
Keyword(s):  
Cash Flow ◽  
Capital Expenditure ◽  
Secondary Data ◽  
Analytical Techniques ◽  
Cash Flows ◽  
Position Statement ◽  
Free Cash Flow ◽  
Coverage Ratio ◽  
Income Statement ◽  
Statement Of Cash Flows

This study aims to determine how the use of analytical techniques in the current ratios measure the financial performance of PT Kalbe Farma Tbk. In this study the authors use secondary data from financial statements of PT Kalbe Farma Tbk for 5 years (2008-2012). The analytical method used is a form where the ratio of the value in the statement of financial position, statement of comprehensive income, statement of changes in equity and statement of cash flows into the simplified ratios. Data were analyzed using 8 cash flow ratio is the ratio of operating cash flow, cash flow coverage ratio, interest coverage ratio of the cash, the cash coverage ratio of current liabilities, capital expenditure ratio, the ratio of total debt, the ratio of net cash flow and free cash flow adequacy ratio. The results of this study indicate each cash flow ratios from 2008 to 2012 average ratio produced tends to be low and has decreased every year

scholarly journals Effect of Operating Cash Flow on Stock Return of Firms Listed In Nairobi Security Exchange

2021 ◽  
Vol 6 (1) ◽  
pp. 26-35
Author(s):  
Samoei Ben Kipngetich ◽  
Joel Tenai ◽  
Andrew Kimwolo
Keyword(s):  
Panel Data ◽  
Stock Returns ◽  
Cash Flow ◽  
Stock Return ◽  
Random Effect ◽  
Random Effect Model ◽  
Secondary Data ◽  
Cash Flows ◽  
Free Cash Flow ◽  
Operating Cash Flow

The main aim of the paper was to establish the effect of operating cash flow on stock return of firms listed in NSE. The study was informed by Free Cash Flow (FCF) theory. Census survey was adapted to review financial statements for 29 listed non-financial firms at NSE that had consistent data for all the study variables. Secondary data was extracted for 12 years from 2007-2019 with the aid of a data collection sheet. Explanatory research design which is panel in nature was followed by this study. Both descriptive and inferential statistics were used in data analysis. Panel data regression was used to make inferences and test research hypothesis. Fixed and Random effects methods were used to analyze the balanced panel data using STATA statistical package and Hausman test established that Random effect model was the most ideal method to analyze data in this study. The findings indicated that operating cash flow positively and significantly influenced the stock returns for firms listed at NSE. The study concludes that operating cash flow information affects stock returns. Therefore, the study advocates for firms to increase their levels of operating cash flows through prudent utilization of cash resources since it enhances the stock returns.

scholarly journals Reaksi Investor Atas Relevansi Informasi Arus Kas Dan Laba Akrual pada Laporan Keuangan Perusahaan

2021 ◽  
Vol 21 (2) ◽  
pp. 575
Author(s):  
Muhammad Imam Sundarta ◽  
Azolla Degita Azis ◽  
Anggita Citra Dewi
Keyword(s):  
Stock Returns ◽  
Cash Flow ◽  
Stock Exchange ◽  
Secondary Data ◽  
Cash Flows ◽  
Financial Reports ◽  
Earnings Information ◽  
Income Statement ◽  
Analysis Technique ◽  
Cash Flow Statement

This study aims to determine whether cash flows and accrual earnings affect on stock returns that contained information about investors reaction in manufacturing industries on the Indonesia Stock Exchange from the 2013-2017 period. This research is a quantitative study using secondary data in the form of financial reports. The data analysis technique used is multiple regression analysis. The results of this study indicate that the cash flow statement has no effect on stock returns, while accrual earnings have a positive effect on stock returns. This finding can be one of the additional literature in the field of financial accounting because investors see the earnings information contained in the income statement compared to the cash flow statement that is reflected in stock returns.

scholarly journals Liquidity Analysis of Selected Public-Listed Companies in Malaysia

2015 ◽  
Vol 1 (1) ◽  
pp. 1 ◽  
Author(s):  
Carl B. McGowan ◽  
N. M. Baki Billah ◽  
Noor Azuddin Yakob
Keyword(s):  
Correlation Analysis ◽  
Cash Flow ◽  
Financial Reporting ◽  
Cash Flows ◽  
Consumer Products ◽  
Coverage Ratio ◽  
Empirical Results ◽  
Significant Difference ◽  
Statement Of Cash Flows ◽  
A Company

<p>The Statement of Cash Flows is a crucial part of financial reporting. Thus, cash flow ratios have drawn the attention of practitioners and academic researchers to use to evaluate the performance of a company. This study examines, over the three years (2010-2012) period, the liquidity position of selected companies from three prominent sectors (Consumer products, Industrial products and Trading/Services) of the Malaysian economy using cash flow statement ratios and traditional liquidity ratios suggested by various researchers. Traditional ratios were obtained from the Osiris database and cash flow ratios were calculated by using financial statements of selected companies. Traditional ratios examined were - current ratio, quick ratio, total asset to total liabilities ratio, and interest coverage ratio. Similarly, cash flow ratios examined were–operating cash flow ratio, critical needs cash coverage ratio, cash flow to total debt ratio, and cash interest coverage ratio. Correlation analysis was performed to investigate the strength of the relationship between traditional ratios and cash flow ratios. The empirical results of the correlation analysis show a statistically significant positive relationship between traditional ratios and cash flow ratios. Finally, pair t-tests results show that there is statistically significant difference between traditional ratios and cash flow ratios. The implication of the above empirical results suggests that traditional liquidity ratios should not be used solely for measuring liquidity since a company can have serious cash flow problems with positive liquidity ratios and increasing profits. Liquidity ratios developed using the statement of cash flows provide additional information or sometimes better insight on the financial strength or weakness of a company.</p>

Misclassifying cash flows from operations: intentional or not?

2014 ◽  
Vol 22 (1) ◽  
pp. 18-32 ◽  
Author(s):  
Karen Lightstone ◽  
Karrilyn Wilcox ◽  
Louis Beaubien
Keyword(s):  
Cash Flow ◽  
Balance Sheet ◽  
Financial Analysts ◽  
Cash Flows ◽  
Free Cash Flow ◽  
Future Research ◽  
Content Type ◽  
Statement Of Cash Flows ◽  
Case Basis

Purpose – The purpose of this paper is to investigate the accuracy and informational quality of the cash from operations section of the cash flow statement. Design/methodology/approach – This paper empirically tested the accuracy of the cash from operations reported by Canadian non-financial companies. The authors studied 262 companies at three different time periods providing 786 firm observations. For each observation, the balance sheet was used to confirm the figures reported in the statement of cash flows. In addition, the authors investigated management's disclosure of the particular working capital items. Findings – The findings suggest that in recent years, companies are more likely to overstate their cash flow from operations, thereby presenting a better financial picture than is supported by the balance sheet accounts. This would suggest that the investing or financing section would be correspondingly understated. The presence of acquisitions reduces overstatements, which may be the result of more auditor presence. Research limitations/implications – This paper extends previous research from documented single, isolated instances of cash from operations being misstated to include a significant sample with more generalizable findings. The data are Canadian which may limit the generalizability to other countries. Future research should address the extent to which financial analysts rely on the reported cash from operations figure. Practical implications – This preliminary study may have implications for financial analysts and others relying on the free cash flow figure. Originality/value – This study expands on previous research which has taken place only on a case-by-case basis.

scholarly journals ASSET INSTRUMEN KEUANGAN DAN FREE CASH FLOW TERHADAP NILAI PERUSAHAAN: DIVIDEND PAYOUT RATIO SEBAGAI PEMODERASI

2019 ◽  
Vol 21 (1) ◽  
pp. 27-38
Author(s):  
SUWALDIMAN SUWALDIMAN ◽  
JAMHARI RAMADHAN
Keyword(s):  
Cash Flow ◽  
Firm Value ◽  
Capital Expenditure ◽  
Market Price ◽  
Cash Flows ◽  
Free Cash Flow ◽  
Manufacturing Companies ◽  
Financial Instrument ◽  
Dividend Payout ◽  
The Impact

This research examines the impact of financial instrument assets and free cash flow on the firm value. This research also tests the dividend payout ratio as the moderating variables. Data sample were taken out of the manufacturing companies listed in BEI for period of 2014 – 2016. Firm value is defined and measured as the share market price five days as the audit report released. Financial instrument assets is defined and measured by the ratio of the total financial assets to the total assets. Meanwhile free cash flow is measured by comparing the operating cash flows less by capital expenditure to the operating cash flow. Finally, dividend payout is measured by the ratio of dividend per share to the earnings per share. Regression analysis is employed to test relationship among those variables. This research reveals that the financial instrument assets have a positive and significant impact on the firm value. However, this research does not prove that the free cash flow has a positive and significant impact on the firm value. Moreover, the dividend payout ratio strengthens the impact of financial instrument assets on the firm value, but not the free cash flow. It can be concluded that market will respond positively to the information of increasing in the financial instrument assets. And the increasing in the dividend payout ratio will strengthen to the relationship. In contrast, free cash flow is not significantly responded by the market and either the dividend payout ratio.

scholarly journals The rules for the Cash Flow Statement in the International Financial Reporting Standard

2013 ◽  
Vol 7 (1-2) ◽  
pp. 71-73
Author(s):  
Anikó Türkössy
Keyword(s):  
Cash Flow ◽  
Financial Reporting ◽  
Balance Sheet ◽  
Cash Flows ◽  
Reporting Standard ◽  
International Financial Reporting Standard ◽  
Historical Changes ◽  
Income Statement ◽  
Cash Flow Statement ◽  
Statement Of Cash Flows

Cash flow statement may provide considerable information about what is really happening in a business beyond that contained in either the income statement or the balance sheet. Analyzing this statement should not present an intimidating task; instead it will quickly become obvious that the benefits of understanding the sources and uses of a company’s cash far outweigh the costs of undertaking some very straightforward analyses. The objective of IAS 7 is to require the presentation of information about the historical changes in cash and cash equivalents of an entity by means of a statement of cash flows, which classifies cash flows during the period according to operating, investing, and financing activities.

scholarly journals The Effect of Investment, Free Cash Flow, Earnings Management, and Interest Coverage Ratio on Financial Distress

2021 ◽  
Vol 2 (1) ◽  
pp. 67-73
Author(s):  
Meryana ◽  
Erna Setiany
Keyword(s):  
Earnings Management ◽  
Cash Flow ◽  
Financial Distress ◽  
Cash Flows ◽  
Free Cash Flow ◽  
Coverage Ratio ◽  
Financial Difficulties ◽  
Score Method ◽  
Free Cash Flows ◽  
Retained Earnings

The purpose of this research is to test investments, free cash flow, earnings management, and interest coverage ratio are affecting the risk of financial distress in healthy enterprises.. Healthy companies can be seen from how large the value of working capital, retained earnings, income before tax, market value and sales implemented in the measurement of the financial difficulties model with the Altman Z-score method. Collection of data by purposive sampling and number of samples as many as 33 companies in the category of healthy companies. The results show that free cash flows and interest coverage ratio significant effect on the financial difficulties of healthy companies whereas investment and earnings management had no significant effect on the financial difficulties of healthy companies

scholarly journals ANALISIS LAPORAN ARUS KAS UNTUK MENGUKUR KINERJA KEUANGAN PADA PT. INDOFOOD SUKSES MAKMUR

2018 ◽  
Author(s):  
Afriyeni Afriyeni
Keyword(s):  
Cash Flow ◽  
Secondary Data ◽  
Poor Performance ◽  
Financial Statements ◽  
Free Cash Flow ◽  
Capital Expenditures ◽  
Flow Ratio ◽  
Coverage Ratio ◽  
Total Debt ◽  
Operating Cash Flow

This study aims to determine the financial performance. Indofood Sukses Makmur, Tbk using the cash flow statement. The data used are secondary data that the financial statements. Indofood Sukses Makmur, Tbk for 5 years (2007-2011), the data were analyzed by using the ratio of cash flow 7 is the ratio of operating cash flow, cash flow coverage ratio, the ratio of cash coverage of interest, the ratio of cash to current liability coverage, the ratio of capital expenditures, ratio of total debt and net free cash flow ratio. These results indicate that the performance of the cash flow statements of PT. Indofood Sukses Makmur, Tbk period 2007 to 2011 shows a poor performance.

scholarly journals Pengaruh kepemilikan institusional, kepemilikan manajerial, profitabilitas, free cash flow, ukuran dan pertumbuhan perusahaan terhadap kebijakan hutang

2019 ◽  
Vol 7 (2) ◽  
Author(s):  
Laili Ayu Safitri ◽  
Putri Wulanditya
Keyword(s):  
Cash Flow ◽  
Stock Exchange ◽  
Secondary Data ◽  
Analytical Techniques ◽  
Free Cash Flow ◽  
Managerial Ownership ◽  
Company Size ◽  
Financial Reports ◽  
Operational Activities ◽  
Debt Policy

Debt policy is a decision for the company's funds obtained from outside the company to meet the operational needs of the company. As the economic development of the company to expand its business in order to compete. The company develops its business in need of funds, if the funds are not enough companies do debt policy. debt policy can be risky and therefore companies should carry out operational activities effectively in order to avoid risks. This study aims to determine the effect of institutional ownership, managerial ownership, profitability, free cash flow, company size and growth of the debt policy. This research method used This study uses secondary data, financial reports mining companies listed on the Indonesia Stock Exchange 2011-2015. The research sample using purposive sampling method that obtain sample of 59 data. Analysis techniques to test this research using classical assumptions and multiple regression analysis. The results of analytical techniques showed that possession intstitusional and negatively affect the profitability of the debt policy. Free cash flow positive effect on debt policy. Managerial ownership, company size and growth of the company does not affect the debt policy.

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