scholarly journals Analisis Tingkat Kesehatan Kinerja Keuangan Perusahaan BUMN Bidang Industri Pertahanan (Indhan) Indonesia Periode 2015-2019

2020 ◽  
Vol 1 (1) ◽  
pp. 11-34
Author(s):  
Angga Nugraha ◽  
Tjetjep Djuwarsa ◽  
Ine Mayasari
Keyword(s):  
Financial Performance ◽  
Assessment Tool ◽  
Financial Health ◽  
Current Ratio ◽  
Return On Equity ◽  
A Value ◽  
Asset Turnover ◽  
Inventory Turnover ◽  
Performance Results

This study seeks to describe the quality of financial performance of Indonesian Defense Industry (Indhan) BUMN companies in the 2015-2019 period as measured using a reference standard based on the Decree of the Minister of State-Owned Enterprises (BUMN) Number (KEP-100/MBU/2002). The assessment indicators used as an assessment tool consist of 8 indicators, namely Return on Equity, Return on Investment, cash ratio, current ratio, collection periods, inventory turnover, total asset turnover, and the ratio of total equity to total assets. The results of the study showed varied results. PT Dahana (Persero) obtained a “Sehat AA” level of financial health in 2015-2018 and “Sehat A” in 2019. PT Industri Telekomunikasi Indonesia (Persero) obtained a “Kurang Sehat B” level of financial health in 2015-2016, then in 2017 received a "Kurang Sehat BB" to decrease in 2018 and 2019 to "Tidak Sehat CCC". PT Pindad (Persero) obtained financial performance results with a value of "Kurang Sehat BBB" in 2015-2017, then "Sehat A" in 2018 and decreased in 2019 to "Kurang Sehat BBB”.

scholarly journals Kinerja Keuangan PT Waskita Karya (Persero) Tbk

Telaah Bisnis ◽  
2021 ◽  
Vol 21 (2) ◽  
pp. 111
Author(s):  
Muhammad Manar Barmawi
Keyword(s):  
Financial Performance ◽  
Return On Investment ◽  
Total Asset ◽  
Current Ratio ◽  
Return On Equity ◽  
State Owned Enterprise ◽  
Financial Soundness ◽  
Asset Turnover ◽  
Inventory Turnover

This research aims to measure the financial performance of PT. Waskita Karya (Persero) Tbk. The analysis was carried out based on the Decree of the Minister of State Owned Enterprise (SOE) Number:KEP-100/MBU/2002 concerning the Assessment of SOE Soundness Levels. The indicators used to measure the level of financial soundness are the return on equity (ROE), return on investment (ROI), cash ratio, current ratio, collection periods, inventory turnover, total asset turnover and equity to total assets ratio. PT Waskita Karya (Persero) Tbk financial soundness level tended to decline, namely from A (sound) in 2018 and then decreased to BBB (less sound) in 2019.

ANALISIS KINERJA DAN RASIO KEUANGAN PADA PT. PEGADAIAN ( PERSERO ) TAHUN 2018-2019

2021 ◽  
Vol 4 (1) ◽  
Author(s):  
Herlin Herlin ◽  
Rina Trisna Yanti
Keyword(s):  
Financial Performance ◽  
Profit Margin ◽  
Interval Scale ◽  
Current Ratio ◽  
Return On Equity ◽  
Financial Ratio ◽  
A Value ◽  
Criterion Score ◽  
Net Profit ◽  
Equity Ratio

ABSTRACTThe purpose of this study is to determine the financial performance of PT. Pegadaian (Persero) Tbk in 2018-2019.The results showed that the total score of financial performance of PT. Pegadaian (Persero) is on an unhealthy interval scale, which is at a total criterion score of 50 - 65 (Minister of BUMN Nomo: Kep-100 / MBU / 2002. These results indicate that the financial performance of PT. Pegadaian (Persero) Tbk using the ratio finance, namely the cash ratio in 2018 obtained a value of 130.1 with a score of 10 and in 2019 a score of 129.1 and a score of 8 (very healthy). Calculation of the current ratio in 2018 with a value of 1.17 and a score of 0, while the year 2019 with a score of 0.39 and a score of 0 (unhealthy). Debt to Equity Ratio in 2018 with a score of 162.4 and a score of 10, while in 2019 the score was 183.2 with a score of 10 (very healthy). Debt to Total Asset Ratio in 2018 with a score of 61.8 and a score of 0, while in 2019 the value was 64.6 with a score of 0 (unhealthy) .The Gros Profit Margin ratio in 2018 shows a value of 31.9 with a score of 8.5 and in 2019 the score is 23.9 and a score of 8.5 (Very Healthy) Net Profit Margin ratio for the year 2018 shows a value of 24.2 with a score of 8.5 and in 2019 a score of 17.5 and a score of 8.5 (Very Healthy). The Return On Investement (ROI) ratio in 2018 scored 11.6 with a score of 8.5 and in 2019 with a score of 17.9 and a score of 8.5 (Very Healthy) and the Return On Equity (ROE) ratio, throughout 2018 with a value of 44.4 and a score of 8.5 and in 2019 with a value of 47.9 and a score of 8.5 (very healthy).Keyword : Ferformance Financial, Financial Ratio

Impact of the Covid 19 Pandemic on the Financial Performance of Consumer Goods Industry in 2019-2020 on the Indonesia Stock Exchange

2021 ◽  
Vol 1 (3) ◽  
pp. 75-80
Author(s):  
Sri Isworo Ediningsih ◽  
Agung Satmoko
Keyword(s):  
Financial Performance ◽  
Consumer Goods ◽  
Stock Exchange ◽  
Current Ratio ◽  
Return On Equity ◽  
Industry Sector ◽  
The People ◽  
Food And Beverage ◽  
Asset Turnover ◽  
Consumer Goods Industry

Covid -19 pandemic that announced by the Indonesian government on March 2, 2020, may have an impact on the company's financial performance, marked by layoffs, decreased productivity, and decreased purchasing power of the people. This study aims to determine the financial performance of companies in the consumer goods industry sector in 2019 - 2020 (food and beverage sub-sector with pharmaceutical sub-sector) listed on the Indonesia Stock Exchange. The financial performance referred to in this study is measured by Current Ratio/CR, Debt Ratio/DR, Total Asset Turnover/TATO, Return On Equity/ROE, and Price Earning/PE. This study found that the financial performance of companies in the consumer goods industry and the financial performance of companies in the food and beverage sub-sector as measured by CR, DR, TATO, and PE increased, but ROE decreased during the pandemic Covid-19. On the other hand, the financial performance of the pharmaceutical sub-sector companies as measured by DR, TATO, ROE, and PE increased, and CR decreased during the Covid-19 pandemic.

scholarly journals Evaluation of the Financial Performance of Tourism Companies Traded in BIST via a Hybrid MCDM Model

1970 ◽  
Vol 2 (4) ◽  
pp. 20-32
Author(s):  
Ahmet Aytekin
Keyword(s):  
Financial Performance ◽  
Added Value ◽  
Financial Ratios ◽  
Publicly Traded ◽  
Return On Equity ◽  
Coverage Ratio ◽  
Thomson Reuters ◽  
Asset Turnover ◽  
Inventory Turnover ◽  
Equity Ratio

Tourism, the smokeless industry, has increasing importance in the development of countries because it creates added-value and employment. In Turkey, one of the World's most visited countries, the importance of this sector makes itself felt in economic crisis periods. On the other hand, in terms of investors, tourism companies always have the potential to be included in their portfolios. In this context, the aim of this study evaluates the financial performances of tourism companies publicly traded in BIST. For this purpose, the data of 2014-2018 were obtained from the Thomson Reuters Datastream database. The current ratio, quick ratio, cash ratio, debt ratio, total debt/equity ratio, net margin, return on equity, interest coverage ratio, total asset turnover, inventory turnover, and receivable turnover were used as financial ratios. The CRITIC method, one of the objective weighting methods, was applied to determine the importance level of financial ratios. A hybrid model consisting of MAUT, PROMETHEE and TOPSIS was used for evaluation of the companies. These techniques are based on different perspectives and algorithms. In this model, Borda was applied for aggregation of each techniques' ranking values. Thus, the financial performance of the tourism companies for the years 2014-2018 was evaluated more effectively. In conclusion, the company with the best financial performance is Marmaris Altınyunus (MAALT) in this period.

scholarly journals ANALISIS RASIO KEUANGAN SEBAGAI ALAT UNTUK MENGEVALUASI KINERJA KEUANGAN PADA PT. KALBE FARMA Tbk DI BURSA EFEK INDONESIA

2017 ◽  
Vol 2 (02) ◽  
Author(s):  
Friska Maharani H. ◽  
Jianto B. Amiranto
Keyword(s):  
Financial Performance ◽  
Stock Exchange ◽  
Financial Statements ◽  
Research Activity ◽  
Return On Equity ◽  
Financial Report ◽  
Calculation Results ◽  
Asset Turnover ◽  
Inventory Turnover ◽  
Equity Ratio

ABSTRACTThe financial report is a very important tool to obtain information relating to the financial position and the results achieved by the company. So that the financial statements may mean for the parties concerned it is necessary to conduct the analysis of the relationship of financial statement items. Ratio analysis can be used to give a picture of the actual financial situation of the company and whether the company is doing a healthy business. Problems taken is how the company's financial performance at PT. Kalbe Farma Tbk in 2011-2014. This research uses descriptive method that uses quantitative data in the form of financial keuangan.Laporan reports obtained from the Indonesia Stock Exchange in Surabaya located at Jl. Manyar Pumpungan 30 Surabaya.Sedangkan an analytical tool used in this research is to use analysis ratios include the ratio of liquidity, solvency, activity and profitability. Results of the study analyzes the current ratio shows that PT. Kalbe Farma Tbk. able to pay off current debt with its current assets. Because every Rp.1 of current liabilities secured Rp 3.33 in current assets. Analysis of the quick ratio is able to meet its obligations due to any debt secured Rp 1 current liabilities secured Rp 2.18 in current assets. Research activity ratio, the ratio used no 4. First, the average age of the company's receivables exceeding the due payment agreement. While the average age of receivables generated approximately 2 months of payments. Inventory, supply turnaround occurs every 120 days in a year. Inventory turnover going pretty well. Fixed asset turnover calculation results PT. Kalbe Farm Tbk. capable of producing penjulan amounted to 4.40. Total asset turnover is high enough to generate sales for the year 2011-2014 in the amount of 1.40 of its assets. The solvency ratio, debt to equity ratio is increasing every year it can be concluded that the company is able to meet its obligations to the capital owned. Debt to asset ratio shows the ability of the asset whose value is higher than the value of the debt. Means the asset is able to meet the obligations of the company. Profitability ratios, results of calculation of the profit margin PT. Kalbe Farma Tbk in 2011 the value of the calculation of the resulting 14.1%, but in the year 2012 to 2014 has decreased. Results of calculation return on assets shows the assets owned by the company is able to generate a profit of 18% from 2011-2014. The calculation result shows the company's return on equity is high enough to generate profits from the capital of the company by 23% from 2011-2014. Keywords: Financial Statements, Financial Ratios, and Financial Performance

scholarly journals KINERJA KEUANGAN PERUSAHAAN SEBELUM DAN SESUDAH AKUISISI PADA PT BUMI SERPONG DAMAI TBK

2018 ◽  
Vol 11 (1) ◽  
pp. 44
Author(s):  
Chandra Jaya Varana ◽  
Ellen Rusliati
Keyword(s):  
Financial Performance ◽  
Financial Statements ◽  
Research Data ◽  
Total Asset ◽  
Current Ratio ◽  
Return On Equity ◽  
Financial Ratio ◽  
Before And After ◽  
Asset Turnover ◽  
Equity Ratio

This research aims to analyze financial performance before and after acquisition of PT Bumi Serpong Damai. Financial performance measured by using financial ratio: Current Ratio (CR), Total Asset Turnover (TATO), Debt Equity Ratio (DER). Methods of analysis using comparative descriptive with paired sample t-test, this research data used are the financial statements of PT Bumi Serpong Damai periodof 2008-2014. The result of this research indicate that there are no differences between the financial perfoermance before and afrter acquisition, as measured by current ratio, total asset turnover, debt equity ratio, and return on equity.

scholarly journals Analisis Laporan Keungan Untuk Menilai Kinerja Keuangan PT. Surya Citra Media Tbk.

2020 ◽  
Vol 3 (2) ◽  
Author(s):  
Fakung Rahman ◽  
R. Chepi Safei Jumhana
Keyword(s):  
Profit Margin ◽  
Total Asset ◽  
Working Capital ◽  
Fixed Asset ◽  
Current Ratio ◽  
Return On Equity ◽  
Asset Turnover ◽  
Inventory Turnover ◽  
Equity Ratio

Walaupun sudah banyak orang yang meneliti tentang kinerja keuangan suatu perusahaan, akan tetapi sangat jarang bahkan mungkin belum ada orang yang meneliti kinerja keuangan perusahaan di bidang industri jasa penyiaran (televisi), maka dari itu penulis tertarik untuk meniliti kinerja keuangan PT. Surya Citra Media Tbk. (SCMA), yang kebetulan perusahaan tersebut sebagai holding dari dua stasiun televisi ternama yaitu PT. Surya Citra Televisi (SCTV) dan PT. Indosiar Visual Mandiri (Indosiar).Adapun tujuan dari penelitian ini adalah untuk mengetahui kinerja keuangan PT. Surya Citra Media Tbk. berdasarkan analisis rasio likuiditas, rentabilitas, aktivitas dan rasio solvabilitas. Fokus dalam penelitian ini adalah kinerja keuangan yang dapat diukur dengan 13 rasio keuangan yaitu Current Ratio, Quick Ratio, Cash Ratio, Total Asset Turnover, Fixed Asset Turnover, Working Capital Turnover, Inventory Turnover, Debt to Equity Ratio, Debt to Asset Ratio, Gross Profit Margin, Return on Asset, dan Return on Equity.

scholarly journals Measuring the Financial Performance of Enterprises Under Ministry of Energy and Mineral Resources (EMR) an Indonesia Experience

2018 ◽  
Vol 7 (3.21) ◽  
pp. 16
Author(s):  
Wiwiek Mardawiyah Daryanto ◽  
Sudarmawan Samidi
Keyword(s):  
Financial Performance ◽  
Inventory Management ◽  
Mineral Resources ◽  
Health Condition ◽  
Total Asset ◽  
Financial Health ◽  
Gas Industry ◽  
Return On Equity ◽  
Natural Gas Industry ◽  
Asset Turnover

The assessment of financial performance is becoming increasingly important. The Decree No. KEP-100/MBU/2002 issued by Ministry of Stated Owned Enterprises of Indonesia on June 2002 provide the mandatory measuring and rating the financial health condition for all subsidiaries of SOEs. The circumstance is of relevance in the Indonesian context, characterized by a strong corporate governance but the lack of transparency. This study aims to measure the level of financial performance by investigating return on equity, return on investment, cash ratio, current ratio, collection period, inventory turnover, total asset turnover and total equity to total asset ratio. Then, to compare the company’s financial performance between coal mining and natural gas industry. The data were collected from two stated owned enterprises under Ministry of Energy and Mineral Resources (EMR) for the period 2011 – 2015. The result shows that the industry has a good financial health condition which achieved level AAA and AA. Furthermore, this industry has a challenge in inventory management and assets utilization. Therefore, this study can be useful for the manager to tackle the challenge and improve its efficiency.  

scholarly journals ANALISIS KOMPARATIF KINERJA KEUANGAN BERBASIS TINGKAT STRUKTUR MODAL PADA INDUSTRI BARANG KONSUMSI YANG TERDAFTAR DI BEI

2021 ◽  
Vol 8 (1) ◽  
Author(s):  
Yoliana Yonggara ◽  
Sri Murni ◽  
Joy Elly Tulung
Keyword(s):  
Financial Performance ◽  
Consumer Goods ◽  
T Test ◽  
Profit Margin ◽  
Current Ratio ◽  
Asset Return ◽  
Return On Equity ◽  
Purposive Sampling ◽  
Net Profit ◽  
Asset Turnover

Abstract: This research aims to see the comparison of financial performance based on capital structure at consumer goods industry that listed on Indonesia Stock Exchange period 2015-2018. The sampling method by using purposive sampling with certain criteria. The population in this research are fifty four companies and the sample used are twenty six consumer goods companies. Data analysis method that used in this research is Independent sample T-Test. The result of this research simultaneously showed that there were no significant differences financial performance between high leverage companies and low leverage companies. Meanwhile, partially showed that there were significant differences between high leverage and low leverage companies viewed by Current Ratio. While, Return on Asset, Return on Equity, Net Profit Margin, Total Asset Turnover, Earning Per Share has no significant differences between high leverage and low leverage companies. Companies should make performance improvements in order to get more optima results. Abstrak: Penelitian ini bertujuan untuk melihat perbandingan kinerja keuangan berdasarkan struktur modal pada industri barang konsumsi di Bursa Efek Indonesia periode 2015-2018. Metode pengambilan sampel menggunakan purposive sampling dengan kriteria tertentu. Populasi dalam penelitian ini adalah 54 perusahaan dan Sampel yang digunakan adalah 26 perusahaan industri barang konsumsi. Metode analisis data yang digunakan adalah uji independent sample t-test. Hasil penelitian uji beda secara simultan menyatakan bahwa tidak terdapat perbedaan kinerja keuangan yang signifikan antara perusahaan high leverage dan low leverage. Sedangkan secara parsial menunjukkan bahwa terdapat perbedaan kinerja keuangan yang signifikan antara perusahaan high leverage dan low leverage jika dilihat dari Current Ratio. Sedangkan Return on Asset, Return on Equity, Net Profit Margin, Total Asset Turnover, Earning Per Share menyatakan tidak ada perbedaan yang signifikan antara perusahaan high leverage dan low leverage. Perusahaan sebaiknya melakukan peningkatan kinerja agar mendapatkan hasil yang lebih optimal. Keywords: financial performance, leverage, t test

scholarly journals Determinan Internal Harga Saham Perusahaan Bumn Non Bank yang Terdaftar di Bursa Efek Indonesia

2019 ◽  
Vol 10 (2) ◽  
pp. 124-137
Author(s):  
Endri .
Keyword(s):  
Capital Market ◽  
Stock Prices ◽  
Return On Investment ◽  
Stock Price ◽  
Total Asset ◽  
Current Ratio ◽  
Return On Equity ◽  
The Public ◽  
Asset Turnover ◽  
Inventory Turnover

The capital market is a place for companies to raise capital by offering shares to the public. Fundamental analysis believe that the performance of the company issuing the shares will greatly affect a company's value. By By Keputusan Menteri Badan Usaha Milik Negara Nomor: KEP-100/MBU/2002 has set the terms of the provisions of the company's performance seen over the soundness of State-Owned Enterprises.The results showed (1) Return On Equity (ROE) partially has a positive and significant impact on stock prices, (2) Return on Investment (ROI) partially has a negative and significant impact on stock prices, (3) Cash Ratio partially has a positive and significant impact on stock prices, (4) Current Ratio partially has a positive and significant impact on stock prices, (5) Collection Periods (CP) partially has a negative and significant impact on stock prices, (6) Inventory Turnover (PP) partially has a positive and significant impact on stock prices, (7) Total Asset Turnover (TATO) partially has a negative and significant impact on stock prices, (8) Total Equity against Total Assets (TMS against TA) partially have positive and significant impact on stock prices, and (9) Return on Equity (ROE, Return on Investment (ROI), Cash Ratio, Current Ratio, collecti on Periods (CP), Inventory Turnover (PP), Total Asset Turnover (TATO) and Total Equity Against TA (TA TMS) have a simultaneous effect on on stock price. Keywords: Stock prices, financial performance, data panel regression model, State-Owned Enterprises

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