scholarly journals Medium Risk Companies: The Probability of Notching-Up (Note 1)

2016 ◽  
Vol 8 (12) ◽  
pp. 63
Author(s):  
Marco Muscettola
Keyword(s):  
High Risk ◽  
Capital Structure ◽  
Positive Relationship ◽  
Financial Statements ◽  
Financial Ratios ◽  
Probability Of Default ◽  
The Future ◽  
Medium Risk ◽  
Rating Model ◽  
Profitability Ratios

<p>The probability of default and risk-rating class is studied for 9,390 Italian SMEs using a set of ordinary and yearly financial statements (not abbreviated) from 2007 to 2010. After constructing the rating model and then listing companies within ten classes of risk, this paper aims to support the resolution of an intricate topic: the identification of 713 firms included in the median classes of rating designed to evolve to better classes, and firms that, instead, will move closer to high risk of default. In this way, the results of our research could help to identify, for similar firms in 2007, two different destinies after three years (in 2010). The most interesting result emerging from our analysis is related to the presence of a positive relationship between some financial ratios (capital structure and fewer inventories) and the probability of notching-up. The overall evidence is supportive of the hypothesis that the benefits gain up by profitability ratios cannot give to the firms a solid class of rating guaranteed for the future.</p>

Analisis Ratio Keuangan terhadap Perubahan Kinerja pada Perusahaan di Industri Food and Baverages yang Terdaftar pada BEJ

2005 ◽  
Vol 1 (2) ◽  
pp. 104
Author(s):  
DIAN MERIEWATY ◽  
ASTUTI YULI SEIYANI
Keyword(s):  
Stock Exchange ◽  
Financial Statements ◽  
Financial Statement ◽  
Financial Ratios ◽  
Future Earnings ◽  
Financial Condition ◽  
Total Capital ◽  
Future Earning ◽  
The Future ◽  
And Performance

Financial statements users need financial informotion of companies to analyze their financial condition and performance. Finacial rotios are useful rneasares for explaning the future earning changes. The study focuses on the usefulness of ftnancial ratios in explaning future eamings.The objective of the study is to empirically examine whether financial statement based tinancial ratios hove ability for explaning future earnings. Data in this study were in food and beverages firms listed on the Jaknrta Stock Exchange. Regression analysis were used in testing the ability financial ratios for explaning changes. The multicollinearity test shows that there is no assosiation between independent variables, indicating multieollinearity is not a seriaus problem. The heteroscedasticity test shows that voriances of disturbances are constant for all observation in independentt variables. Therefore heteroscedasticity is not a problem. The empiricolly result showed that, financial ratios in/luences the futureearnings changes for earning after tax are total debt to total capital assets, total assets turnover, and return on investment. Among those sevent financial ratios that are significant influences the future earnings changes for operating prortt is current ratio.Keywords : Financial Ratios, Performance changes of firms, significantlyinfluence.

scholarly journals Wine as an Investment Opportunity

2019 ◽  
Vol 5 (1) ◽  
pp. 7
Author(s):  
Daniela Majerčáková ◽  
Alexandra Mittelman ◽  
Michal Greguš
Keyword(s):  
High Risk ◽  
Lower Risk ◽  
Positive Relationship ◽  
The Other ◽  
Market Development ◽  
Investment Opportunity ◽  
Price Development ◽  
Alternative Investments ◽  
The Future

Market development with non-traditional commodities is not as developed and widespread as the market with traditional commodities. There is much information regarding investments into antiquarian objects but there is not so much regarding other types of commodities. The traditional slovak investor is an investor into classic investment products with lower risk and lower revenue at the same time. As Warren Buffett said, price does not matter, but value matters. In case of some commodities, with we can gain the high appreciation with a small investment, too, despite the high risk. We have to look forward and to think about the future with non-traditional investments as it is the long-term investment. It represents goods that are little liquid, and there is an inactiveness sometimes needed, but on the other hand it is still necessary to follow the market. There are more and more possibilities of investments with the fast-changing world. Sometimes we can get interesting revenues from some irrational investments. The aim of this paper is to analyze conditions of the market with possibilities to invest into non-traditional commodities, where also the investments into wine belong. We have used the description of alternative investments, analysis of facts and conditions as well as the possibilities of non-traditional investments in Slovakia to reach this aim. On the basis of observing the price development, we have made recommendations for the traditional slovak investor with the positive relationship to non-traditional investments and with the positive relationship to risk.

scholarly journals Analisis Rasio Likuiditas, Solvabilitas, dan Profitabilitas Untuk Mengukur Kinerja Keuangan Pada PT Martina Berto Tbk Periode 2014-2018

2021 ◽  
Vol 7 (2) ◽  
pp. 69-79
Author(s):  
Nida Auliana Umami ◽  
Ayu Febriyanti Safitri
Keyword(s):  
Financial Performance ◽  
Financial Statements ◽  
Financial Statement ◽  
Financial Ratios ◽  
Financial Condition ◽  
Industry Standard ◽  
Equity Ratio ◽  
Solvency Ratio ◽  
Profitability Ratios ◽  
Descriptive Method

Financial statement analysis is one way to find out the condition of the company, financial ratios are one of the tools used to analyze financial statements. The purpose of this study is to determine the financial condition through the analysis of liquidity ratios, solvency, and profitability as well as the constraints that occur in financial performance and solutions made by the company. The method used in this research is descriptive method. The data was studied in the form of financial statements of PT. Martina Berto Tbk for 2014-2018. Based on the results, it can be concluded that the liquidity ratio is healthy because the current, fast, and INWC ratio is above the industry standard. The solvency ratio is healthy because the debt to equity ratio and LTDtER are above the standard. While the profitability ratios are declared unhealthy because the ratios of NPM, ROA, and ROE are below the standard.

ANALISIS LAPORAN KEUANGAN PT. GATARI SEBAGAI DASAR PERTIMBANGAN PEMBERIAN KREDIT MODAL KERJA PADA PT.BANK DKI

2016 ◽  
Vol 1 (2) ◽  
pp. 81-92
Author(s):  
Rachma Zannati ◽  
Nur Fitriana
Keyword(s):  
Financial Statements ◽  
Financial Ratios ◽  
Working Capital ◽  
Feasibility Assessment ◽  
Credit Supply ◽  
Financial Feasibility ◽  
Activity Ratios ◽  
Profitability Ratios ◽  
Credit Granting ◽  
Descriptive Method

This study aims to determine (a) measure the feasibility assessment takes into account the provision of working capital credit for PT.Gatari as additional capital by comparing financial ratios (liquidity, solvency, profitability, and activity) for the period 2012-2015, and (b) measure the credit granting considerations on PT. Gatari according to standard financing considerations on PT. Bank DKI. This research is a descriptive method with the quantitative approach to PT. Gatari financial statements from its inception until today. The research sample is PT. Gatari financial statements in 2013, 2014 and 2015. The study shows that (a) the measurement of financial feasibility assessment showed good results because the calculation of the ratio is almost entirely according to the standard financial ratios applicable at PT. Bank DKI and (b) the measurement of supporting aspects of credit is good enough as a basis for credit supply PT. Bank DKI. Keywords: Liquidity Ratios, Solvency Ratios, Activity Ratios, Profitability Ratios, Working Capital Loan

Transforming Rehabilitation: Another example of English ‘exceptionalism’ or a blueprint for the rest of Europe?

2014 ◽  
Vol 6 (1) ◽  
pp. 6-23 ◽  
Author(s):  
Jill Annison ◽  
Lol Burke ◽  
Paul Senior
Keyword(s):  
High Risk ◽  
Current Debate ◽  
Special Edition ◽  
England And Wales ◽  
The Future ◽  
Medium Risk ◽  
Probation Service ◽  
The Media ◽  
Potential Impact ◽  
Rehabilitative Services

The Transforming Rehabilitation agenda represents a radical departure in the way that rehabilitative services are delivered in England and Wales. Under the proposed changes, the existing Probation Trusts will be replaced by a significantly smaller National Probation Service dealing with the rump of high-risk public protection cases. The supervision and delivery of services to those offenders assessed as low and medium risk will be contracted to a range of providers on a payment by results basis. In this introduction to the special edition of the European Journal of Probation, the authors trace the policy developments that have extended the scope of the privatisation of state services in England and Wales. They then consider the values underpinning these developments and the potential impact on probation work before finally exploring the ways in which the current debate over the future of the probation service in England and Wales are being constructed and responses to this crisis shaped. This is organised into four interrelated arguments – the evidence response; the implementation response; the media response and the reclaim response.

scholarly journals PENERAPAN KOMBINASI METODE SAW DAN TOPSIS DALAM ANALISIS FUNDAMENTAL SAHAM BERDASARKAN RASIO KEUANGAN

2021 ◽  
Author(s):  
Angger Binuko Paksi
Keyword(s):  
Financial Statements ◽  
Financial Ratios ◽  
Fundamental Analysis ◽  
Test Results ◽  
Decision Matrix ◽  
Financial Reports ◽  
The Many ◽  
Profitability Ratios ◽  
A Company ◽  
Proper Analysis

Investment in stocks is one of the many options to invest. In stock investing requires a proper analysis and action so that an investor can invest according to their needs. One way is fundamental analysis. Fundamental analysis is an analysis method that focuses on key data contained in the financial statements of a company to assess the financial performance of the company.This research aims to design a process of fundamental analysis of stocks based on the analysis of financial ratios, methods of SAW and TOPSIS methods. Analysis of financial ratios generally include the liquidity ratio, solvency, activity ratios, profitability ratios and the ratio of the market. Fuzzy numbers used in the method of SAW and TOPSIS to provide effectiveness in determining the value of the decision matrix. SAW method used to find the value of the normalized matrix for each criterion and TOPSIS methods used to find solutions / alternatives based on the normalized matrix. Then the design is applied in the form of a ranking system based web application.Tests conducted with 60 financial reports in the period from 2013 to 2015 and is divided into 20 issuers. The accuracy of the test results using Spearman correlation ranking based on Springate models obtained the lowest value of 85.45% and the largest 100%.

scholarly journals Predicting Islamic banks performance through CAMELS rating model

2016 ◽  
Vol 11 (3) ◽  
pp. 37-43 ◽  
Author(s):  
Omar Masood ◽  
Shahid Mohammad Khan Ghauri ◽  
Bora Aktan
Keyword(s):  
Financial Markets ◽  
Growth Analysis ◽  
Financial Statements ◽  
Jel Classification ◽  
Growth Strategy ◽  
Financial Ratios ◽  
Islamic Banking ◽  
Islamic Banks ◽  
Rating Model

This paper analyzes the performance of Islamic banks operating in Pakistan according to their financial results of the year 2015. CAMELS rating model is applied in this research. This model is based on certain financial ratios which are excerpt from values in the financial statements of banks. The authors conduct the research under the umbrella of quantitative paradigm. The authors found that 2 of the Islamic banks are showing satisfactory results, while others are on fair position. There is a need to develop financial markets for treasury operations for these banks. Results help in development of growth strategy for Islamic banks in Pakistan, as well as they might be useful to create a fair snapshot for regulators to develop growth strategy for this stream of banking. Keywords: Islamic banking, performance, growth analysis, CAMELS. JEL Classification: G02, G21, G32

CORPORATE BOND RISK FROM STOCK DIVIDEND UNCERTAINTY

2004 ◽  
Vol 07 (06) ◽  
pp. 741-755 ◽  
Author(s):  
MARK B. WISE ◽  
PETER B. LEE ◽  
VINEER BHANSALI
Keyword(s):  
Capital Structure ◽  
Cash Flow ◽  
Firm Value ◽  
Corporate Bond ◽  
Probability Of Default ◽  
Call Option ◽  
Dividend Yield ◽  
The Future ◽  
Dividend Increases ◽  
Bond Risk

The capital structure of a firm is composed of equity and debt. In the Merton approach, equity holders hold a call option on the firm value, while bond holders are short a put on the firm value. Dividends paid to holders of equity provide them with current cash flow. The pay out of dividends to the equity holders devalues a firms debt since it increases its probability of default. With dividend yields at multi-decade lows it seems likely then that in the future some companies that do not currently issue dividends will begin paying dividends and some companies that currently only pay a small dividend will increase their dividend yield. Hence holders of the bonds for a firm that does not presently pay dividends (or pays a small dividend) have "dividend risk" associated with the possibility that at some time in the future the company will start issuing dividends to its stock holders (or increase its dividend rate if it currently pays a small dividend). In this paper we explore the consequences of future dividend increases for bond prices and default probabilities.

ANALISA KINERJA KEUANGAN PERUSAHAAN TELEKOMUNIKASI YANG TERDAFTAR PADA BEI MELALUI RASIO LIKUIDITAS, SOLVABILITAS DAN PROFITABILITAS

2019 ◽  
Vol 3 (01) ◽  
Author(s):  
Resti Setyaningsih ◽  
Burhanudin Burhanudin ◽  
Ida Aryati
Keyword(s):  
Financial Performance ◽  
Stock Exchange ◽  
Good Condition ◽  
Secondary Data ◽  
Poor Performance ◽  
Financial Statements ◽  
Financial Ratios ◽  
Company Performance ◽  
Profitability Ratios ◽  
A Company

The success of a company is determined by good financial performance. Company performance assessment can be determined by calculating financial ratios through financial statements. This research was conducted to determine the financial performance of Telecommunications companies listed on the Stock Exchange using liquidity, solvency and profitability ratios. This study uses secondary data, with data collection techniques, namely documentation and literature. The results of the ratio calculation show that the average financial performance of the company is in good condition, even though one company has a poor performance. Keywords : financial performance, financial ratios, financial statements

scholarly journals ANALISIS KINERJA KEUANGAN PERUSAHAAN MENGGUNAKAN ANALISIS RASIO KEUANGAN DAN COMMON SIZE (Studi PT. Sekar Bumi Tbk. , PT. Sekar Laut Tbk. dan PT. Mayora Indah Tbk. Periode 2011 - 2014 periode 2011 - 2014)

2017 ◽  
Vol 2 (02) ◽  
Author(s):  
Nur Indah Lupitasri ◽  
Cholis Hidayati
Keyword(s):  
Financial Performance ◽  
Consumer Goods ◽  
Financial Statements ◽  
Financial Statement ◽  
Financial Ratios ◽  
Size Analysis ◽  
Financial Statement Analysis ◽  
Activity Ratios ◽  
Profitability Ratios ◽  
Average Average

ABSTRACTPT. Sekar Bumi Tbk. PT Sekar Laut, Tbk. and PT Mayora Indah Tbk is some food company that manufactures and sells consumer goods - day. The three companies are competing to increase its profit and to conduct its business expansion. Is inseparable from the three companies that are required to assess each year whether the financial statements are already meet the standard conditions of the financial performance of companies using financial statement analysis. For that conducted research at PT. Sekar Bumi Tbk. PT Sekar Laut, Tbk. and PT Mayora Indah Tbk with the aim of analyzing the results of the company's financial performance when seen from the analysis of the financial statements of these companies. The financial statements of the three companies are measured using financial ratios of liquidity ratios, activity ratios, solvency ratios and profitability ratios as well as using common size analysis. From the analysis conducted is as follows ratio of the financial statements. Sekar Bumi Tbk. PT Sekar Laut, Tbk. and PT Mayora Indah Tbk shows the average - average financial performance is good. Keyword: Financial Statement Analysis, Financial Performance

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