PENGARUH ARUS KAS OPERASI, LIKUIDITAS, LEVERAGE, DIVERSIFIKASI, DAN UKURAN PERUSAHAAN TERHADAP FINANCIAL DISTRESS (Studi empiris pada perusahaan sektor aneka industri yang terdaftar di BEI 2014-2016)

Recent era technology development escalate competition among companies. Most companies that unable overcome competion will not maximaze their profit, even tend to experience operating loss and the other side put the firm into financial distress. This research aims examine whether cash flow from operation, liquidity, leverage, diversification, and size are predictors that can be use to analyze companies financial distress. The sample of this research are 22 company related to various industry sector listed on IDX for year 2014-2016, the sample obtained is 66 companies. Stattistical technic analysis used are descriptive analysis, pooling test, logistic regression test , Hosmer and Lemeshow’s Goodness, Wald Test, -2 Log Likelihood test, and Nagelkerke’s R Square test. The data collected from secondary data, downloaded from www.idx.co.id. The research results shows that there is not enough evidence that cash flow from operation, liquidity, diversification, and size give significant effect to financial distress of company. While leverage have enough evidence gives significant effect with positive direction to the possibilty of financial distress of a company. Keywords : Cash Flow From Operation, Liquidity, Leverage, Diversification, Size, and Financial Distress

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PENGARUH RETURN ON ASSET DAN ARUS KAS UNTUK MEMPREDIKSI KONDISI FINANCIAL DISTRESS

Jurnal Proaksi ◽

10.32534/jpk.v4i1.577 ◽

2019 ◽

Vol 4 (1) ◽

pp. 21-37

Author(s):

Fatahillah Fatahillah ◽

Fitriya Sari

Keyword(s):

Logistic Regression ◽

Cash Flow ◽

Chemical Industry ◽

Financial Distress ◽

Stock Exchange ◽

Flat Glass ◽

Secondary Data ◽

Information Value ◽

Publicly Traded Companies ◽

A Company

This study aimed to examine the effect of the Return On Asset (ROA) and the cash flow for prediction of financial distress in the company go public manufacturing basic chemical industry sector. This study was a descriptive study with a quantitative approach. Samples are six publicly traded companies included in the basic chemical industry sub-sector with the study period 2009-2013. The six companies are PT. Asahimas Flat Glass Tbk, PT. Arwana Citra Mulia Tbk, PT. Ceramic core Alamasri Industry Tbk, PT. Assosiasi Keramika Indonesia Tbk, PT. Industrindo Mulia Tbk and PT. Surya Toto Indonesia Tbk. This study uses secondary data obtained from the annual financial statements published by the company on the Indonesian Stock Exchange website. Data analysis technique used by logistic regression. The results of this study prove that the ROA and cash flow have a significant effect in predicting the company'sfinancial distress. The information value of profit after tax (EAT) has the ability to predict financial distress in a company. This is demonstrated by the significant values are under 0.05. The information value of cash flow (CF) has no significant effect. It is seen from the logistic regression test value of 0.938 which means that cash flow information does not have the ability to predict financial distress of a company.

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Survival of COVID-19 with Multimorbidity Patients

Healthcare ◽

10.3390/healthcare9111423 ◽

2021 ◽

Vol 9 (11) ◽

pp. 1423

Author(s):

E. Bustos-Vázquez ◽

E. Padilla-González ◽

D. Reyes-Gómez ◽

M. C. Carmona-Ramos ◽

J. A. Monroy-Vargas ◽

...

Keyword(s):

Descriptive Analysis ◽

Survival Rates ◽

Hospitalized Patients ◽

Sample Population ◽

Mechanical Ventilators ◽

Number Of Patients ◽

Regression Test ◽

Main Variable ◽

Logistic Regression Test

Background: The outbreak of SARS-CoV-2 abruptly disseminated in early 2020, overcoming the capacity of health systems to respond the pandemic. It was not until the vaccines were launched worldwide that an increase in survival was observed. The objectives of this study were to analyse the characteristics of survivors and their relationship with comorbidities. We had access to a database containing information on 16,747 hospitalized patients from Mexico, all infected with SARS-CoV-2, as part of a regular follow-up. The descriptive analysis looked for clusters of either success or failure. We categorized the samples into no comorbidities, or one and up to five coexisting with the infection. We performed a logistic regression test to ascertain what factors were more influential in survival. The main variable of interest was survival associated with multimorbidity factors. The database hosted information on hospitalized patients from Mexico between March 2020 through to April 2021. Categories 2 and 3 had the largest number of patients. Survival rates were higher in categories 0 (64.8%), 1 (57.5%) and 2 (51.6%). In total, 1741 (10.5%) patients were allocated to an ICU unit. Mechanical ventilators were used on 1415 patients, corresponding to 8.76%. Survival was recorded in 9575 patients, accounting for 57.2% of the sample population. Patients without comorbidities, younger people and women were more likely to survive.

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

10.20944/preprints201911.0175.v1 ◽

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.

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Faktor – Faktor yang Berpengaruh Terhadap Keputusan Pemilihan Daging Ayam Broiler Sebagai Konsumsi Rumah Tangga di Surakarta (Studi Kasus di Kelurahan Tegalharjo Kecamatan Jebres)

Sains Peternakan ◽

10.20961/sainspet.v16i1.14474 ◽

2018 ◽

Vol 16 (1) ◽

pp. 12

Author(s):

Endang Tri Rahayu ◽

Ratih Dewanti ◽

Mos Aldin Long

Keyword(s):

Linear Regression ◽

Multiple Linear Regression ◽

Descriptive Analysis ◽

Secondary Data ◽

Sampling Technique ◽

Test Reliability ◽

Primary Data ◽

Regression Test ◽

Quantitative Descriptive ◽

Linearity Test

<em>This study aims to determine the factors that influence the decision on the selection of broiler for household consumption in Surakarta. This study is a case study conducted in one of the densest urban village of Tegalharjo, Jebres, Surakarta. This research was conducted in November - December 2015. The basic method used in this research is quantitative descriptive method with survey technique to household / household in Tegalharjo Village, Jebres, Surakarta. Sampling technique is done by Purposive Sampling method with 86 respondents. Primary data was obtained from interview with questionnaire tool. Secondary data obtained from the Central Bureau of Statistics (BPS) Surakarta, Jebres and Tegalharjo. Data analysis used was descriptive analysis, validity test, reliability test, normality test, linearity test, multicollinearity test, heteroscedasticity test and multiple linear regression test. The result of research shows that the instrument is valid because r count> r table and reliable because of Alpha Cronbach result for each sub variable in the range 0,761 - 0,873, research data is normal distribution with significance value of each variable> 0,05, result of multiple linear regression test show each variable has significant effect on broiler consumption except family wealth factor variable (X2), with value of Adjusted R2 equal to 0,731. Conclusion from this research was that the economic and social factors as a whole affect the level of consumption of broiler in the household in Surakarta.</em>

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Pengaruh Arus Kas Operasi Terhadap Peningkatan Kemampulabaan dan Pertumbuhan Perusahaan STUDI KASUS PADA PT. HOLCIM INDONESIA, TBK.

Jurnal Ilmiah Manajemen Kesatuan ◽

10.37641/jimkes.v1i3.269 ◽

2013 ◽

Vol 1 (3) ◽

pp. 213-217

Author(s):

Aang Munawar ◽

Bintang Sahala Marpaung

Keyword(s):

Decision Making ◽

Cash Flow ◽

Production Capacity ◽

Profit Margin ◽

Size Analysis ◽

Significance Level ◽

Regression Test ◽

Operational Activities ◽

A Company ◽

Test Result

Operational cash flow is cash from operational activities of a company. By operational cash flow, the company can decide the fund available for the operational activities. The operational cash flow will be paid attention by the company management because it’s beneficial for decision making. Operational cash flow which increases can be expected to increase profitability due to the operational cash flow of the company will be able to decide how to utilize the fund available for the operational activities, but it must be accompanied by efficiency in the matter of operational expenses and the main cost of selling. By the increase of operational cash flow, it can be expected to raise the companies growth in selling due to the increase of operational cash flow of the company, it can rise production capacity which will be able to rise selling. In this study the author used a formula for operational cash flow (X) is operational cash flow on selling, a formula for profitability is profit margin, while for the company’s growth is salest – salest-1 – to salest-2. Moreover, the author utilized common size analysis, that is horizontal common size and vertical common size. Regression test result on PT. Holcim Indonesia, Tbk shows significance result of 0% from operational cash flow toward profit, which indicates that operastional cash flow has an effect with significance level as high as 10%. From regression test result of operational cash flow on the company’s growth, it’s obtained significance result of 9,2%, which indicates that there is an effect with significance level as high as 10%. Keywords : Operational cash flow; profitability; growth

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The Analysis of Application Income Tax Article 21 for Business Subject to Final Income Tax at CV RPT

Journal of Applied Sciences in Accounting, Finance and Tax ◽

10.31940/jasafint.v3i2.2126 ◽

2020 ◽

Vol 3 (2) ◽

pp. 97-103

Author(s):

N M S Ambarawati ◽

◽

W H Utthavi ◽

L M Wahyuni ◽

◽

...

Keyword(s):

Income Tax ◽

Descriptive Analysis ◽

Secondary Data ◽

Pension Benefit ◽

Quantitative Descriptive Analysis ◽

Permanent Employees ◽

Quantitative Descriptive ◽

Administrative Sanctions ◽

Pension Benefits ◽

A Company

This research aims to analyze and determine 1) The application of income tax article 21 on business subject to final income tax at CV RPT, 2) The potential for underpayment of article 21 income tax after calculating according to applicable tax regulations. CV RPT is a company engaged in the construction service business. For taxpayers who are subject to final income tax, benefit in kind given to employees is the object of income tax article 21. The data used in this research are secondary data obtained through observation and documentation. This research uses a quantitative descriptive analysis. Based on the results of the research, there is a potential for underpayment of income tax article 21 on CV RPT, amounting to Rp9.212.540 for permanent employees and Rp2.750.000 for final income tax article 21 on pension benefits. Besides, it also resulted in the potential for the imposition of administrative sanctions in the form of interest due to the still unfulfilled income tax article 21 obligation, namely Rp1.289.756 for underpayment of article 21 income tax for permanent employees and Rp385.000 for final income tax article 21 on pension benefit.

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Analysis of Consigment Sales Rating to 2014 Profit In CV. Lam alif Purwakarta

BUANA ILMU ◽

10.36805/bi.v1i2.135 ◽

2017 ◽

Vol 1 (2) ◽

Author(s):

Gusganda Suria Manda ◽

Dian Hakip Nurdiansyah

Keyword(s):

Research Method ◽

Descriptive Analysis ◽

Secondary Data ◽

Financial Statements ◽

Retail Trade ◽

Physical Methods ◽

Literature Research ◽

Financial Position ◽

Retail Trading ◽

A Company

Abstract The study was conducted with the background, that assessment consignment sales has a direct influence on the financial position of a company and is also considered important because it will indirectly affect the financial statements include a profit and loss. The purpose of this research is to analyze how the results of the calculation of the gain on sale of consignment sales in retail trade company, how a journal to record transactions consignment sales held separately by physical methods, and how the company's ability to generate profits by selling on consignment at CV.LAM ALIF year 2014. Data collection through literature research method, observation, interviews and secondary data from reports of sales and income. The data analysis was descriptive analysis by compiling and classifying the data obtained, then interpreted after the first consignment sales assessment calculation.Results of the study showed that the assessment of the existing consignment sales in retail trade companies (CV. LAM ALIF) for 2014 is quite good, based on the analysis obtained by the profit generated positive accumulated. Judging from the commissions generated that will affect revenue earnings. The conclusion, that the retail trading companies already applying Alif CV.Lam consignment sales. The larger the greater the sales commissions earned by CV. Alif Lam and vice versa if the low sales commissions earned also low. To that end, the need for an increase in consignment sales especially in the bidding. Keyword : Consigment, sales profit, financial

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The danger of high growth combined with a large non-cash working capital base: A descriptive analysis

South African Journal of Business Management ◽

10.4102/sajbm.v33i1.696 ◽

2002 ◽

Vol 33 (1) ◽

pp. 41-47

Author(s):

W. Steyn ◽

W. D. Hamman ◽

E. V.D.M. Smit

Keyword(s):

Growth Rate ◽

Cash Flow ◽

Descriptive Analysis ◽

High Growth ◽

High Growth Rate ◽

High Rate ◽

Working Capital ◽

Net Profit ◽

A Company ◽

Operating Activities

A high growth rate may not be the ultimate measure of a successful company. This article shows that growth at too high a rate, for a company with a high non-cash working capital component, may lead to financial difficulties.While the income statement of a company is based on the accrual of income and expenses, the cash flow statement is based on the receipt and payment of cash. A company experiencing high sales growth, depending on the extent of its non-cash working capital, will find that the cash flow from operating activities before the payment of dividends will not grow as quickly as the net profit after taxation. This is because the accrual part included in the net profit after taxation is also growing at a high rate. At such a growth rate, operating activities do not generate sufficient cash to sustain the day-to-day activities of the company.

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Impact of Good Corporate Governance on Financial Distress in the Consumer Goods Sector Company

Summer - GATR Journal of Finance and Banking Review ◽

10.35609/jfbr.2017.2.4(6) ◽

2017 ◽

Vol 2 (4) ◽

pp. 46-55

Author(s):

Sri Marti Pramudena

Keyword(s):

Corporate Governance ◽

Consumer Goods ◽

Financial Distress ◽

Stock Exchange ◽

Secondary Data ◽

Institutional Ownership ◽

Annual Reports ◽

Manufacturing Companies ◽

Good Corporate Governance ◽

A Company

Objective - Financial distress is referred to as a condition in which a company's operations result in insufficient funds to meet its obligations (insolvency). The success or failure of a company greatly depends on the corporate governance of the company. This study aims to identify the relationship between the existence of good corporate governance and the probability of financial distress. Methodology/Technique - This study used secondary data obtained from annual reports from 2009 to 2014. The data is gathered from consumer goods manufacturing companies, that are listed on the Indonesian Stock Exchange (BEI). The sample includes 10 companies. The method of analysis used is multiple linear regressions. Findings - The results of the study show that institutional ownership and managerial ownership adversely affect the possibility of financial distress. On the other hand, the proportion of commissioners and the number of board of directors have a positive effect on the probability of financial distress. Novelty - This study found that institutional ownership (IO) has an inverse effect on the financial distress of a company. Type of Paper - Empirical Keywords: Good Corporate Governance; Financial Distress; Corporate Performance. JEL Classification: G30, G34, G39.

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The role of auditor opinion in moderating the effect of financial distress on auditor switching in the infrastructure, utility, and transportation sub-sectors

The Indonesian Accounting Review ◽

10.14414/tiar.v10i1.2033 ◽

2020 ◽

Vol 10 (1) ◽

Author(s):

Dedi Heru Prihandoko ◽

Supriyati Supriyati

Keyword(s):

Financial Distress ◽

Sampling Method ◽

Stock Exchange ◽

Descriptive Analysis ◽

Secondary Data ◽

Audit Opinion ◽

Going Concern ◽

Auditor Switching ◽

Company Growth

The purpose of this study is to analyze the effect of company growth and financial distress on auditor switching with going concern audit opinion as a moderating variable. The data used in this research are secondary data obtained from Indonesia Stock Exchange. The sample used in this study is 25 infrastructure, utilities and transportation companies listed on the Indonesia Stock Exchange (IDX). The study period is 5 years (2013-2017). Sampling in this study is conducted using purposive sampling method. The analysis techniques used are descriptive analysis, logistic regression, and moderated regression analysis. The dependent variable used is auditor switching, while the independent variables are company growth and financial distress, with going concern audit opinion as the moderating variable. The results show that company growth has no effect on auditor switching, financial distress has an effect on Auditor switching, going concern audit opinion has no affect and cannot moderate the effect of company growth on auditor switching, going concern audit opinion has an effect but cannot moderate the effect of financial distress on auditor switching.

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