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 Effects of Sales, Receivables Turnover, and Cash Flow on Liquidity

2019 ◽  
Author(s):  
Rusdiyanto Rusdiyanto ◽  
Dian Agustia ◽  
Soegeng Soetedjo ◽  
Dina Fitrisia Septiarini ◽  
Susetyorini Susetyorini ◽  
...  
Keyword(s):  
Cash Flow ◽  
Stock Exchange ◽  
Secondary Data ◽  
Financial Statements ◽  
Financial Statement ◽  
Sales Growth ◽  
Accounts Receivable ◽  
Operating Cash Flow ◽  
Google Search ◽  
A Company

In this study, the author proposes to evaluate the effect of sales growth, Receivable Turnover and operating cash flow on the liquidity of PT. Unilever Indonesia Plc. The research method used is descriptive method with a quantitative approach. In this statement, the population used in this study is the financial statement data from PT. Unilever Indonesia Plc. from 2010 to 2018, the technique of determining the sampling uses Purposive Sampling. This research data uses secondary data from PT. Unilever Indonesia Plc financial statements from 2010 to 2018. All data sources were obtained from the website of the Indonesia Stock Exchange at https://www.idx.co.id, the company's website and Google search. Our analysis reveals that sales growth and accounts receivable turnover from PT. Unilever Indonesia Plc. has no influence on the liquidity of PT. Unilever Indonesia Plc, while operating cash flow has an influence on the Liquidity of PT Unilever Indonesia Plc. This means the ups and downs of the value of sales and accounts receivable turnover of a company has no influence on the liquidity of PT. Unilever Indonesia Plc, while operating cash flow has increased or decreased has an influence on the liquidity of PT Unilever Indonesia Plc. The value of sales growth, accounts receivable turnover and operating cash flow can explain the liquidity of PT Unilever Indonesia Plc. by 78%, while 22% is explained by other factors which are not included in this study.

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 ANALISIS LAPORAN ARUS KAS SEBAGAI ALAT UKUR KINERJA KEUANGAN PADA PERUSAHAAN CONSUMER GOODS INDUSTRY DI BURSA EFEK INDONESIA

2017 ◽  
Vol 12 (2) ◽  
Author(s):  
Susanti Tudje ◽  
David Saerang ◽  
Sintje Rondonuwu
Keyword(s):  
Cash Flow ◽  
Consumer Goods ◽  
Ratio Analysis ◽  
Flow Ratio ◽  
Analysis Method ◽  
Total Debt ◽  
Operating Cash Flow ◽  
Cash Flow Statement ◽  
Consumer Goods Industry ◽  
A Company

The field of finance is a very important in a company, both in small and large-scale companies,or profitable motive and non-profit. The more advaced a company then the competition among companies getting tighter, thus making the company’s operation stabilized is  the most important to improve the ability to complete                                                                                                                                                                                                                                                                                                                                               and also to survive. The purpose of this research is to know and assess financial perfomances based on cash flow statement analysis on Consumer Goods Industry companies in BEI during 2012-2015.This type of research is a descriptive study using quatitative method and using the cash flow ratio analysis method, the ratio used in this study is the operating cash flow ratio, the ratio of cash flow to interest, the ratio of capital expenditure, the ratio of total debt, and the ratio cash flow to net income. From the result obtained by using ratio analysis method is less than 1,which can be conculeded that the financial performances of  Consumer Goods Industry lapse year 2012-2015 has a poor financial perfomances because the calculation result with the ratio of total debt 0,2. 0,12.0,07. and 0,13 which menas the company has not been able to pay all liabilities from cash flow derived from the normal activities of the company.Keywords : Cash Flow Statement, Operating Cash Flow, Cash Flow Ratios, Financial Perfomances

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 Outsider Estimation of the Fair Value of Bank Stocks: Computational and Conceptual Issues

2003 ◽  
Author(s):  
Mohamed Ariff ◽  
Lina Suranto
Keyword(s):  
Cash Flow ◽  
Poor Performance ◽  
Fair Value ◽  
Cash Flows ◽  
Free Cash Flow ◽  
Market Values ◽  
Operating Cash Flows ◽  
Operating Cash Flow ◽  
Better Than ◽  
Naive Model

This paper attempts to fill a void in the finance literature by reporting the reliability of theoretical valuation models against the market values of banking corporations. The dividend, operating cash flows and the free cash flow valuation approaches are operationalised to estimate fair values of banks. These values are then compared with market values. This results, using the Theil’s U-coefficient, show that the operating cash flow approach provides estimates that are better than the naïve model estimates. The other two approaches produced results no better than the naïve model. A probable reason for the poor performance of the free cash flow approach is suggested. Outsider’s estimation of investment values needed for free cash flow calculation is likely to introduce serious errors irrespective of the theoretical bases of models widely used in the industry.  

scholarly journals The Effect of Firm Sizes, Profitability, Dividend Policy, Asset Structure, Sales Growth and Free Cash Flow on Debt Policy

2020 ◽  
Vol 4 (1) ◽  
pp. 100-119
Author(s):  
Ria Nurdani ◽  
Ika Yustina Rahmawati
Keyword(s):  
Cash Flow ◽  
Dividend Policy ◽  
Stock Exchange ◽  
Secondary Data ◽  
Financial Statements ◽  
Free Cash Flow ◽  
Sales Growth ◽  
Manufacturing Companies ◽  
Company Growth ◽  
Debt Policy

The study aims to examine the effect of company size, profitability, dividend policy, asset structure, company growth and free cash flow on debt policy. The object of this study uses manufacturing companies listed on the Indonesia Stock Exchange. The data used is secondary data in the form of annual financial statements for the 2015-2018 period. The collection technique used in this study was purposive sampling while the data analysis techniques used in this study were descriptive statistics, classic assumption tests, multiple regression analysis and hypothesis testing. The analysis show that the size of the company has a negative and not significant effect on debt policy, profitability has a negative and significant effect on debt policy. Dividend policy variables and asset structure has a negative and significant effect on debt policy. While sales growth and free cash flow has no effect on debt policy.

scholarly journals Free Cash Flow Analysis Indikator Bagi Investor dalam Mengukur Pertumbuhan Keuangan Perusahaan

2020 ◽  
Vol 4 (2) ◽  
pp. 279
Author(s):  
Badar Murifal
Keyword(s):  
Corporate Finance ◽  
Cash Flow ◽  
Flow Analysis ◽  
Free Cash Flow ◽  
Capital Expenditures ◽  
Income Statement ◽  
Corporate Entity ◽  
Operating Cash Flow ◽  
A Company ◽  
Important Measurement

Free Cash Flow, often abbreviate FCF, is an efficiency and liquidity ratio that calculates the how much more cash a company generates than it uses to run and expand the business by subtracting the capital expenditures from the operating cash flow. In other words, this is the excess money a business produces after it pays all of its operating expenses and CAPEX. This is an important concept because it shows how efficient the business is at generating cash and if it can pay its investors a return after it funds its operations and expansions. FCF is an important measurement since it shows how efficient a company is at generating cash. Investors use free cash flow to measure whether a company might have enough cash, after funding operations and capital expenditures, to pay investors through dividends and share buybacks.in corporate finance free vash flow is a way of looking at  a business’s cash flow to see what is available for distribution among all the securities holders of a corporate entity. FCF is the amount of cash that a company cabn put aside after it has paid all of its expenses at the end of an accounting periode. It is often evaluated on a per share basis to evaluate the effect of dilution. Reveal a problem in the fundamentals before they arise on the income statement.

scholarly journals ANALISIS PENGARUH ARUS KAS OPERASI DAN LABA AKUNTANSI TERHADAP RETURN SAHAM PERUSAHAAN PERAIH INVESTMENT AWARD (BEST ISSUERS) DI BURSA EFEK INDONESIA

2018 ◽  
Vol 7 (2) ◽  
pp. 29-44
Author(s):  
Ika Neni Kristanti
Keyword(s):  
Stock Returns ◽  
Cash Flow ◽  
Stock Return ◽  
Stock Exchange ◽  
Secondary Data ◽  
Financial Statements ◽  
Cash Flows ◽  
Company Performance ◽  
Operating Cash Flows ◽  
Operating Cash Flow

Investors in investing always expect high stock returns. Therefore, investors should be able to assess which companies have good performance, so the stock return is also high. The financial statements, particularly those relating to information on changes in operating cash flows and corporate accounting profit, are one of the important information that can be used by investors to assess company performance. This study aims to provide empirical evidence related to the effect of operating cash flow and accounting earnings on stock returns. The data in this study is secondary data obtained from the company's annual financial statements in Indonesia Capital Market Directory (ICMD) and Indonesia Stock Exchange (IDX). This study was conducted using the company population of the company winning the investment award (best issues) 2017 listed on the Indonesia Stock Exchange in 2015 and 2016. The result of this research is partially variable of operating cash flow (AKO) have positive and significant effect to stock return, while partially, variable of accountancy profit (LAK) have no effect to stock return and simultaneously variable operating cash flow (AKO) and change of accountancy profit (LAK) jointly have a significant effect on stock returns in the company's winning investment award (best issues) 2017 listed on the Indonesia Stock Exchange in 2015 and 2016. Keywords: Operating Cash Flow, Accounting Profit, and Stock Return

scholarly journals Pengukuran Kinerja Keuangan Dengan Rasio Arus Kas Pada Perusahaan Pertambangan yang Terdaftar di BEI

2021 ◽  
Vol 16 (2) ◽  
pp. 191-214
Author(s):  
Yuni Rachmawati ◽  
Muhni Pamuji
Keyword(s):  
Financial Performance ◽  
Cash Flow ◽  
Stock Exchange ◽  
Mining Industry ◽  
Secondary Data ◽  
Flow Ratio ◽  
Coverage Ratio ◽  
Mining Companies ◽  
The Government ◽  
Export Destination

This research was conducted to determine the financial performance of mining companies listed on the Indonesia Stock Exchange in 2017-2019. Mining companies were selected for research because this industry was not included in the business fields that were reported to support the Indonesian economy in 2019, especially with the outbreak of the Covid-19 pandemic. The high death rate and the rapid spread of this virus have made policies from the government, including limiting activities both domestically and internationally. Even some import-export destination countries have locked down, which of course will affect the productivity and financial performance of the mining industry. From a population of 47 mining companies, only 10 companies met the criteria and were selected as samples. The type of data used is quantitative data. Secondary data sources. Financial performance is measured using a cash flow ratio consisting of 5 liquidity ratios and 2 flexibility ratios. The results showed that based on the cash flow ratio, the majority of mining companies did not have good performance and were still below the standard. Of the eight ratios, only the cash coverage ratio is the most achievable by mining companies. The value of the cash flow ratio of mining companies has decreased during the Covid-19 pandemic.

scholarly journals PEMBUKTIAN FENOMENA EARNING MANAGEMENT PADA PERBANKAN SYARIAH: ANALISIS LABA RIIL DAN LABA AKRUAL

2016 ◽  
Vol 6 (1) ◽  
pp. 52
Author(s):  
Ari Dewi Cahyati
Keyword(s):  
Earnings Management ◽  
Cash Flow ◽  
Secondary Data ◽  
Poor Performance ◽  
Financial Statements ◽  
Real Earnings Management ◽  
Earning Management ◽  
Islamic Banks ◽  
Mean Values ◽  
Real Earning

<p><strong>Abstract</strong><br /><br />The aim of this research is to test whether there is any earning<strong> </strong>management action at shariah banking or not’. Earning management is measured by real earning management and accrual earning management. Real earning management is indicated in the proxy of CFO abnormal, and then accrual earning management is indicated in accrual discretionary. Secondary data from Indonesia Bank web is used in this research. This study will provide useful information to the users of financial statements whether there are any actions of earnings management in Islamic banks, as a result that users of financial statements will be more careful in reading financial statements. The indication of earnings management in banking also requires attention BI as a regulator of banking in Indonesia. The results show that shariah banking doesnot carry out accrual earning management that is indicated in mean value DA of 0.00. It is found mean values for abnormal cash flow of -0.025 in real earnings management of Islamic banks which also indicates earnings management is done by minimizing the profits. Meanwhile, â1 has a positive value 0.283 and sig 0.564. This indicates that the suspect Islamic bank (poor performance) did not conduct real earnings management by manipulating the cash flow statement.</p><p><strong>Abstrak</strong><br /><br />Tujuan dari penelitian ini adalah menguji apakah terdapat tindakan earning management pada perbankan syariah. Tindakan earningmanagement ini diukur dengan earning management riil dan earning management accrual. Manajemen laba riil diindikasikan dengan proksi, yaitu abnormal CFO,sedangkan manajemen laba akrual diindikasikan dengan discretionary accrual. Data penelitian ini merupakan data sekunder yang diperoleh dari web Bank Indonesia. Manfaat penelitian ini memberikan informasi kepada pengguna laporan keuangan apakah terdapat tindakan Manajemen laba di bank syariah sehingga pengguna laporan keuangan dapat lebih teliti dalam membaca laporan keuangan. Adanya indikasi manajemen laba diperbankan juga perlu mendapat perhatian BI sebagai penyusun regulasi yang terkait dengan perbankan di Indonesia. Berdasarkan hasil penelitian ditemukan bahwa bank syariah tidak melakukan earning management accrual yang diindikasikan dengan nilai mean DA 0.00. Berdasarkan hasil olah data manajemen laba riil bank syariah ditemukan nilai mean untuk abnormal cash flow -0.025 yang juga mengindikasikan bahwa manajemen laba dilakukan dengan cara memperkecil laba. Sedangkan B1 bernilai positif 0.283 dan sig 0.564. Hal ini mengindikasikan bahwa bank syariah suspect (kinerja buruk) tidak melakukan manajemen laba riil dengan upaya memanipulasi laporan arus kas.</p>

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