scholarly journals Factor Affecting Profitability: Evidence of Animal Feed Sub Sector in Indonesia from Year (2016-2017)

2019 ◽  
Vol 7 (1) ◽  
pp. 953-963
Author(s):  
Glory Theresa Ginting ◽  
Francis M Hutabarat

It is the purpose of every company to gain profit, however, in 2015 there is an indication thateconomy is slowing down that affecting the whole word including animal feed subsectorcompanies in Indonesia which beg the question what is the condition of the company in thesucceeding in 2016 and 2017. This study aims to analyze the factor affecting the profitabilityof animal feed companies listed Indonesian Stock Exchange. The study is quantitative usingfour companies listed at animal feed sub-sector listed from the year 2016-2017 at IndonesianStock Exchange. The method used in this research is descriptive method, using Current Ratiofor liquidity and Debt to Asset from solvability and Return on asset for profitability ratio ofanimal feed four companies namely, Charoen Pokphand Indonesia Tbk (CPIN), Japfa ComfeedIndonesia Tbk (JPFA), Malindo Feedmill Tbk (MAIN), and Sierra Produce Tbk (SIPD). Dataanalysis is done using descriptive analysis, significance test, correlation test, and regressionanalysis. The results showed that in terms of descriptive statistic animal feed companies has agood level of liquidity above 1 and have a debt level above the set standard of 30%. In termsof profitability, animal feed companies have good average financial ratio meaning thatcompanies utilize assets owned efficiently to obtain profit maximally. However, the resultshows that there is no significant relationship between solvability and liquidity towardprofitability at animal feed companies form the year 2016-2017 at 5% and 10% significantlevel. Thus, the study suggests for future study to expand the sample of the study in term ofyear of sample and similar companies in different countries or region

2012 ◽  
Vol 13 (2) ◽  
pp. 135-148
Author(s):  
Andreas Suhendi ◽  

This research aims to know the financial performance of companies with the Altman Z-Score Model in the Automotive Sub-Sector Manufacturing Companies Listed on the Indonesia Stock Exchange in 2016-2018. The research method used in this study is a descriptive method with data analysis techniques using the financial ratio method. The results showed that PT. Astra International Tbk, PT. Astra Otoparts Tbk, PT. Gajah Tunggal Tbk and PT. Indospring Tbk is safe from the threat of bankruptcy, while the highest average Z-Score is achieved by PT Selamat Sempurna Tbk and the lowest average Z-Score is achieved by PT Indomobil Sukses International Tbk. Thus, the Company is expected to maintain company liquidity, restructure debt, minimize receivables, increase profit levels and maximize marketing in order to increase sales so that the potential for financial distress in the company can be minimized.


2020 ◽  
Vol 1 (5) ◽  
pp. 260-265
Author(s):  
Yasinta Asiani ◽  
Setyo Riyanto

The industry is one sector that has an important role in the development of a country. One of them is an industry in Indonesia, and its products that are in great demand are consumer goods with specifications of food products and household goods. An assessment of a company's financial level can be done by analyzing the company's financial statements. The financial statements used are the balance sheet and income statement from 2015 to 2019. To find out whether the company's financial condition is in good condition, various analyzes can be performed. One analysis that can be used to determine the company's financial situation is financial ratio analysis. The purpose of this study is to assess the company's performance by using the financial ratio analysis of PT Indofood Sukses Makmur, Tbk on the Indonesia Stock Exchange. This research was conducted by conducting documentation techniques with data obtained from the financial statements of PT Indofood Sukses Makmur. Then analyzed using financial statement analysis consisting of liquidity ratios and profitability ratios. The analytical method used is a descriptive analysis using the measurement of liquidity ratios and profitability. Based on the calculation of ratio analysis from PT Indofood Sukses Makmur, the liquidity ratio has increased every year so that the company's condition can be categorized quite well. Whereas, based on profitability ratios, it shows an increasing number from year to year so that it can be said the state of the company is in a good position.


2016 ◽  
Vol 11 (1) ◽  
pp. 13
Author(s):  
Rini Oktaviana Sari

<p>Business competition in the era of globalization requires businesses to be more creative to produce a quality product to compete in the market International. ISO 9000 certification has been accepted as a reference for quality management and quality assurance. The purpose of this study was to determine differences in the performance of financial companies that have certified ISO 9000 as measured by levels of profitabiltas (ROCE, ROI, ROE), market growth (sales growth and growth equity) and management of liabilities (DTA and DER). This research method uses quantitative methods of research methods based on analysis of variables that can be explained quantitatively by using a formula that is by Financial Ratio Analysis.SimakBaca secara fonetik Technical analysis<br />of the data in this research are descriptive analysis and statistics analysis. Statistical analysis to test data normality, if the normal data, using Paired Sample T-test and if the data is not normal, using the Wilcoxon Signed-rank Test. The conclusion from this research indicate that there is no difference whether the level of profitability, market growth and management of liabilities in the period before and after the certification of ISO 9000. No difference was attributable to that ISO certification is only for administrative completeness in order to obtain the logo of the certification institution, so as to indicate to consumers that its product quality.</p>


2018 ◽  
Vol 1 (1) ◽  
pp. 16-28
Author(s):  
Asep Mulyana

This research is to determine the influence of the production costs of PT Indo Rama Synthetics Tbk and PT. Pan Brothers Tbk on gross profit. This research used financial statements data from financial reports that published from 2011-2015 in Indonesia Stock Exchange (Bursa Efek Indonesia). Data analysis in this research used descriptive analysis, normality test, correlation, and coefficient test of determination, while in the research hypothesis testing using the t-test. The result of this research proved that production cost had a correlation value at 78%, which means had a strong correlation, a coefficient determination at 60.8% and the rest 39.2% influenced by another factor. The result of regression analysis = Y: 167.628, 498 + 0,071X had significant effect because t-value = 3.522 > t-table = 1.833 with significance value 0.008 > 0.05.Penelitian ini bertujuan untuk mengetahui pengaruh biaya produksi terhadap laba kotor PT. Indo rama synthetics Tbk dan PT. Pan Brothers Tbk. Penelitian ini mengambil data laporan keuangan dari tahun 2011-2015 yang di publikasikan di BEI. Analisis data dalam penelitian ini menggunakan analisis deskriptif, uji normalitas, uji korelasi, dan uji koefisien determinasi sedangkan dalam uji hipotesis penelitian ini mengunakan uji t. Hasil penelitian ini membuktikan bahwa biaya  produksi memiliki nilai korelasi sebesar 78% menandakan hubungan yang kuat, hasil keofisien determinasi sebesar 60,8 % dan sisanya 39,2% dipengaruhi faktor lain yang tidak diteliti dalam penelitian ini, hasil analisis regresi = Y: 167.628, 498 + 0,071X dan berpengaruh signifikan karena t-hitung = 3,522 > dari t-tabel= 1,833 dengan nilai signifikansi 0,008 > 0,05.


2019 ◽  
Vol 13 (2) ◽  
pp. 55
Author(s):  
Indar Khaerunnisa ◽  
Edy Cahyadi

The Indonesian government has set the motor vehicle industry as one of the priority industries of the national interest, economic growth, and increased productivity. In order for the survival of a company is maintained, then the management should be able to maintain or even more spur increased performance. Various analyzes were developed to predict the beginning of the bankruptcy of the company. One analysis is widely used today is the analysis of Altman Z-Score, which this analysis refers to the financial ratios of the company. The purpose of this study was to analyze the bankruptcy of the automotive components companies that go public in Indonesia Stock Exchange year period 2011–2015. This study used a sample of four companies from the automotive components sector. Source of data is done by using secondary data. The data is processed by the method of the Z-score formula Z = 1,2X1 + 1,4X2 + 3,3X3 + 0,6X4 + 0,999X5. With the description of Z < 1,8 the company categorized into unhealthy/will be bankrupt, the value Z 1,8 < 2,99 the company is considered to be in the uncertain/grey area and the value of Z > 2,99 then the company is in a very healthy. In general, the results of these studies indicate that the four automtive components companies namely PT Astra Otoparts year 2011 value of Z = 14,67 year 2012 value of Z = 10,88 year 2013 value of Z = 13,90 year 2014 value of Z = 10,54 year 2015 value of Z = 4,94, PT Gajah Tunggal year 2011 value of Z = 5,72 year 2012 value of Z = 4,75 year 2013 value of Z = 3,10 year 2014 value of Z = 2,79 year 2015 value of Z = 1,58 and the average value of 2011-2015 periode Z = 3,59, PT Goodyear Indonesia year 2011 value of Z = 2,07 year 2012 value of Z = 2,44 year 2013 value of Z = 2,57 year 2014 value of Z = 2,02 year 2015 value of Z = 2,76, PT Indomobil Sukses Internasional year 2011 value of Z = 6,19 year 2012 value of Z = 3,99 year 2013 value of Z = 3,17 year 2014 value of Z = 2,59 year 2015 value of Z = 1,74. The average value 2011-2015 period showed 3 companies are in very healthy state and 1 company is in the uncertain/grey area. Keywords: Financial Ratio Analysis, Analysis of bankruptcy, Altman Z-Score Analysis, Automotive Components Company, Go Public.


2018 ◽  
Vol 6 (1) ◽  
pp. 133-153
Author(s):  
Toufan Aldian Syah

Banking industry has a very important role in economic development in a country. Indonesia, which is the largest Muslim country in the world, certainly has the prospect of the development of Sharia Banking Industry is very good in the future. However, the development of Sharia Bank has been slowing down in recent years and the profitability of sharia comercial banking is still below the ideal value. This study aims to determine the internal factors and external factors that affect the profitability of Sharia Bank in the year of January 2012 until August 2017. The variables used in this study are ROA, Inflation, NPF, and BOPO. The data used is aggregate data of all Sharia Commercial Banks recorded at Bank Indonesia. Measurement of Statistic Description, F-Test, T-Test, Correlation Coefficient, Coefficient of Determination and Multiple Linear Regression using IBM SPSS 21 software. The results showed that significant negative effect of BI rate, NPF and BOPO was found, while Inflation variable showed negative but not significant. Overall, the above variables affect the ROA of 87.7%, while 12.3% is likely to be influenced by other factors.


2019 ◽  
Vol 2 (1) ◽  
Author(s):  
Eva Fauziah Ahmad

The aims of the Research is to examine the influence of zakat and Islamic Corporate Social Responsibility (ICSR) about effort of the companies in Sharia public banks enrolled on the Indonesia Stock Exchange in 2013-2017The method of the Research are used descriptive analysis techniques and verificative analysis. The population of the Research were 12 Sharia Retail Bank that has been enrolled on the Indonesia Stock Exchange in 2013-2017. The sample of this Research were 8 Islamic Commercial Banks multiplied by 5 years observation into 40 sample data, and the technique were used purposive sampling. The analytical instrument are used multiple regression analysis with the help of SPSS version 21.0The Results are showed that partially zakat had an effect on effort of the company, while ICSR had no effect on it. Simultaneous test shows that zakat and ICSR have an effect on effort of the company.


2020 ◽  
Vol 1 (6) ◽  
pp. 930-940
Author(s):  
Fathiyah Fathiyah ◽  
Mufidah Mufidah

The purpose of this research is to analyze the effect of corporate governance and corporate culture  on firm market value to improve financial performance. Corporate governance  is measured by audit  committee,boards of directors, board meeting and nomination . Corporate culture is measured by Corporate culture promotion While financial  company performance is measured by return on assets.  This research was conducted on companies listed on the Indonesia Stock exchange on indexed LQ 45 for period of 2016-2018. The sample was selected for 25 companies. The method of analysis uses associate descriptive analysis with  path analysis. Based on the results of the study found that corporate governance and culture promotion indirectly effect on financial performance with firm market value as intervening variable.


Author(s):  
Ben k. Agyei-Mensah

This study investigated the influence of firm-specific characteristics which include proportion of Non-Executive Directors, ownership concentration, firm size, profitability, debt equity ratio, liquidity and leverage on the extent and quality of financial ratios disclosed by firms listed on the Ghana Stock Exchange.The research was conducted through detailed analysis of the 2012 financial statements of  the listed firms.  Descriptive analysis was performed to provide the background statistics of the variables examined.  This was followed by regression analysis which forms the main data analysis.  The results of the extent of financial ratio disclosure level, mean of 62.78%, indicate that most of the firms listed on the Ghana Stock Exchange did not overwhelmingly disclose such ratios in their annual reports.  The results of the low quality of financial ratio disclosure mean of 6.64% indicate that the disclosures failed woefully to meet the International Accounting Standards Board's qualitative characteristics of relevance, reliability, comparability and understandability.The results of the multiple regression analysis show that leverage and return on investment are associated on a statistically significant level as far as the extent of financial ratio disclosure is concerned. Board ownership concentration and proportion of (independent) non-executive directors, on the other hand were found to be statistically associated with the quality of financial ratio disclosed. There is a significant negative relationship between ownership concentration and the quality of financial ratio disclosure.  This means that under a higher level of ownership concentration less quality financial ratios are disclosed. The findings also show that there is a significant positive relationship between board composition (proportion of non-executive directors) and the quality of financial ratio disclosure.  JEL CLASSIFICATION: G3, M1, M2, M4.


2017 ◽  
Vol 1 (2) ◽  
Author(s):  
Muklis Ali Sobirin ◽  
Mr. Maufur

The purpose of this research to 1 ) analyze the influence of motivation of the performance of officers from Tegal city 2 ) analyze the influence of discipline work on performance officers from Tegal city 3 ) analyze the influence of motivation and discipline work on performance officers from Tegal .Respondents in this research as many as 84 people .These respondents is officers from tegal city .The necessary data collected to technique the questionnaire , literature study , observation and interview .Data analysis used in this research was descriptive analysis , test the assumption classical , regression analysis multiple , the testing of hypotheses and analysis the coefficients determination .The research can be concluded that is the positive and significant motivation to the performance of officers from tegal city . This is evidenced from the test hypothesis in partial obtained value significance of 0,011 which is smaller than 0.05 .The results of research suggests that is the positive and significant discipline work of the performance of the officers from tegal city .This is evidenced from the test hypothesis in partial obtained value significance of 0,000 which is smaller than 0.05 .The results of research suggests that is the positive and significant of the incentives and discipline work together to the performance of officers from tegal city .This is evidenced from the test hypothesis simultaneously obtained value significance ( test anova f ) of 0,000 which is smaller than 0.05 . Keyword: motivation, discipline, performance


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