Evaluation of Pre and Post Demerger-Merger Performance: Using ABN AMRO Bank as an Example

This study attempts to measure the impact of simultaneously demerger and merger over the financial performance of ABN AMRO Bank for the period 2007-2013 by using the DuPont system of financial analysis. ABN AMRO Bank N.V. is a Dutch state-owned bank with headquarters in Amsterdam. The bank demerged from Royal Bank of Scotland Group (RBS) in the first quarter of 2010 and merged with Fortis Bank Nederland from July 1, 2010. Two statistical techniques are used in this study; first the analysis of pre and post Demerger-Merger financial ratios is drawn and second paired sample t-test is used. Based on the analysis of 3 years pre and post Demerger-Merger financial ratios and data of ABN AMRO Bank, the result shows that the event of merger-demerger has no significant influence on the bank’s Net profit margin, Total asset turnover, Return on equity and Equity multiplier. This research fills the gap of Demerger-Merger analysis in the bank industry by using DuPont system of financial analysis.

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The Impact of Profitability on Stock Valuation and Its Impact on Corporate Value

International Journal of Finance & Banking Studies (2147-4486) ◽

10.20525/ijfbs.v9i2.728 ◽

2020 ◽

Vol 9 (2) ◽

pp. 46-55

Author(s):

Tio Pasukodewo ◽

Neneng Susanti

Keyword(s):

Significant Influence ◽

Stock Exchange ◽

Sampling Technique ◽

Retail Trade ◽

Profit Margin ◽

Stock Valuation ◽

Return On Equity ◽

Book Value ◽

Net Profit ◽

The Impact

This research aims to determine the influence of return on assets, return on equity, and net profit margin against stock valuation reflected with the price earning ratio and its impact on the price to book value of retail trade companies listed on the Indonesia Stock Exchange period 2009-2018. The method used in this research is a descriptive method of analysis with a quantitative approach. The type of data used in this study is secondary data. The population in this research is a trade retail company listed on the Indonesia Stock Exchange period 2009-2018, consisting of 31 retail trade companies. Sampling technique used in this research is purposive sampling technique, with certain predefined criteria, which obtained 11 trade retail companies that meet the criteria. The analytical technique that will be used in this study is a double linear regression analysis technique that expanded by a method of pathway analysis to obtain a thorough picture of the relationship between one variable and another variable. The results found that a partial return on asset variable, return on equity, and net profit margin had a significant influence on the price earning ratio, and the price earning ratio also had a significant influence on price to book value.

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Using Accounting Information For Financial Planning And Forecasting: An Application Of The Sustainable Growth Model Using Coca-Cola

Journal of Business Case Studies (JBCS) ◽

10.19030/jbcs.v7i5.5599 ◽

2011 ◽

Vol 7 (5) ◽

pp. 9 ◽

Cited By ~ 1

Author(s):

John C. Gardner ◽

Carl B. McGowan Jr ◽

Susan E. Moeller

Keyword(s):

Growth Model ◽

Financial Planning ◽

Financial Analysis ◽

Retention Rate ◽

Accounting Information ◽

Sustainable Growth ◽

Return On Equity ◽

Net Profit ◽

Asset Turnover ◽

A Company

The purpose of this paper is to provide a case example to teach students how to estimate a companys sustainable growth by using an extension of the DuPont System of financial analysis on Coca-Cola Corporation. The DuPont system is based on a companys return on equity that is decomposed into three components: net profit margin, total asset turnover, and the equity multiplier. The extended DuPont system of financial analysis multiplies return on equity by the earnings retention rate to calculate sustainable growth. Sustainable growth is the highest level of growth in sales that a company can achieve using internally generated funds only.

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Financial analysis by return on equity (ROE) and return on asset (ROA)-A comparative study of HUL and ITC

Journal of Management Research and Analysis ◽

10.18231/j.jmra.2021.027 ◽

2021 ◽

Vol 8 (3) ◽

pp. 131-138

Author(s):

Ashok Kumar Panigrahi ◽

Kushal Vachhani

Keyword(s):

Comparative Study ◽

Financial Performance ◽

Financial Analysis ◽

Total Asset ◽

Return On Equity ◽

Turnover Ratio ◽

Net Profit ◽

Asset Turnover ◽

The One ◽

One Way Anova

The financial performance of the top two companies of the FMCG sector HUL and ITC are analyzed in this research paper by using the two most popular financial tools of analysis i.e., ROE and ROA. Similar to the DuPont method, components of Return on Equity (ROE) and Return on Asset (ROA) are segregated to do the analysis of financial performance and to accomplish the objective. To calculate ROE and ROA, ratios such as net profit ratio (NPR), total asset turnover ratio (TATR), and equity multiplier (EQM) will be used. It is observed that the use of financial leverage was mainly responsible for the whole decrease in return on equity (ROE). In terms of return on equity, we found that the Asset Turnover Ratio increases somewhat, while in the case of ITC, the ratio either remains the same or slightly decreases in value. As a result, HUL's total asset turnover ratio (TATR) is greater than that of ITC, suggesting that HUL is more efficient in its asset use. We were able to demonstrate statistically, via the use of the One-way Anova test, that there is a significant meaningful association among the ratios.

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ANALISIS PENGARUH CURRENT RATIO, DEBT TO EQUITY RATIO, TOTAL ASSETS TURNOVER, NET PROFIT MARGIN TERHADAP RETURN ON EQUITY PADA PERUSAHAAN MANUFAKTUR DI BURSA EFEK INDONESIA PERIODE 2008-2010

MANAJERIAL ◽

10.30587/manajerial.v1i1.424 ◽

2018 ◽

Vol 1 (1) ◽

pp. 14

Author(s):

USWATUL KARIMAH

Keyword(s):

Significant Influence ◽

Profit Margin ◽

Manufacturing Companies ◽

Current Ratio ◽

Return On Equity ◽

Financial Report ◽

Net Profit ◽

Equity Ratio ◽

Level Of Significance ◽

Observation Period

This research performed in order to test the influence of variabel, Current Ratio (CR), Debt to Equity Ratio (DER), Total Assets Turnover (TAT), dan Net Profit Margin (NPM) toward Return on Equity (ROE). Methodology research as the sample used proposive sampling with criteria as (1) Manufacturing companies that listing at JSX who provide financial report year ending 31st December during the observation period 2008 – 2010, well available at JASICA index. (2) Companies must be the listined at the beginning of the period of observation and not on the delisting until the end of the observation period. (3) The financial report include the value of financial ratios to be studied include ROE, CR, DER, TAT, and NPM. (4) At the beginning of the observation period until the end. Total of 23 samples obtained from 131 firms during the observation period of three years in the manufacturing sector. Sample amount as much 69 during the observation period of three years. Data analysis with multi linier regression of ordinary least square and hypotheses test used partial t - test, simultan F – test at level of significance 5%. Empirical evidence show as CR, DER, and TAT to have not significant influence toward ROE of manufacturing companies listing in JSX over period 2008 – 2010 at level of significance >5%. While the rest NPM to have significant influence toward ROE of manufacturing companies listined in JSX over period 2008 – 2010 at level of significance 5%. While, four independent variabel (CR, DER, TAT and NPM) to have significant influence toward ROE at level of significance 5% as 0,000%. Predictable of the four variables toward ROE is 56,9% as indicated by adjusted R square that is 56,9% while the rest 43,1% is affected by other factors is not included into the study model.

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PENGARUH RASIO KEUANGAN TERHADAP HARGA SAHAM PERUSAHAAN LQ45 PERIODE 2013-2017

Manajemen & Bisnis Jurnal ◽

10.37303/embeji.v5i1.72 ◽

2019 ◽

Vol 5 (1) ◽

pp. 1-17

Author(s):

Nuri Maulana Ikhsan ◽

Yohanes Rully Dermawan

Keyword(s):

Stock Prices ◽

Share Price ◽

Financial Ratios ◽

Total Asset ◽

Current Ratio ◽

Return On Equity ◽

Book Value ◽

Earnings Per Share ◽

Asset Turnover ◽

Equity Ratio

This study aims to determine the effect of financial ratios on stock prices. Financial ratios used in this study is the Current Ratio, Debt to Equity Ratio, Return On Equity, Total Asset Turnover, Earning Per Share, and Price to Book Value. The type of research used is quantitative to observe the effect of financial ratios on stock prices. This study used a purposive sampling method with a total sample of 20 companies registered in the LQ45 index for the period 2013-2017 and fulfilling the research criteria. The statistical method used is multiple linear regression analysis The results of this study indicate that partially, the variable debt to equity ratio, return on equity, total asset turnover, earnings per share, and price to book value have a significant partial effect on stock prices, while the current ratio variable does not have a partial significant effect on stock prices. Simultaneously the current ratio variable, debt to equity ratio, return on equity, total asset turnover, earnings per share, and price to book value have a significant simultaneous effect on stock prices. And the most dominant influential variable is earnings per share. Keywords: Current Ratio, Debt to Equity Ratio, Return On Equity, Total Asset Turnover, Earning Per Share, Price to Book Value, and Stock Price.

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Cash Ratio, Debt to Equity Ratio, Return on Equity, Firm Size dan Net Profit Margin Terhadap Dividen Per Share Perusahaan Consumer Goods Listing BEI Perioder 2011-2014

Jurnal Manajemen ◽

10.32832/jm-uika.v7i2.1107 ◽

2016 ◽

Vol 7 (2) ◽

pp. 97

Author(s):

Alex Saputra ◽

Dedi Walujadi ◽

Akhmad Bakhtiar Amin

Keyword(s):

Hypothesis Testing ◽

Firm Size ◽

Significant Influence ◽

Consumer Goods ◽

Regression Coefficient ◽

T Test ◽

Profit Margin ◽

Return On Equity ◽

Net Profit ◽

Equity Ratio

From the results of hypothesis testing via t test, showed that partial. there is a positive and significant influence Cash Ratio, Debt to Equity Ratio, Return on Equity, Firm Size and Margin Net Proft against Dividends Per Share. From the results of hypothesis testing through F test showed that simultant there is a positive and significant influence Cash Ratio, Debt to Equity Ratio, Return on Equity, Firm Size and Net Proft Margin against Dividends Per Share In this case, the net profit margin as the dominant predictor of positive and significant impact on Dividend Per Share. Because, the acquisition value of the slope or regression coefficient in the net profit margin is the highest value than Slop or regression coefficient on the Cash Ratio, Debt to Equity Ratio, Return on Equity and Firm Size.

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KINERJA KEUANGAN DAN PERTUMBUHAN LABA ( Studi Empiris : Perusahaan Sub Sektor Properti dan Real Estate yang terdaftar di Bursa Efek Indonesia tahun 2012-2016 )

JURNAL ILMIAH EDUNOMIKA ◽

10.29040/jie.v3i01.410 ◽

2019 ◽

Vol 3 (01) ◽

Author(s):

Nor Hanisah ◽

Kartika Hendra Titisari ◽

Siti Nurlaela

Keyword(s):

Real Estate ◽

Profit Margin ◽

Total Asset ◽

Current Ratio ◽

Return On Equity ◽

Purposive Sampling ◽

Net Profit ◽

Asset Turnover ◽

Equity Ratio

Penelitian ini bertujuan untuk mengetahui apakah ada pengaruh variabel independen (CR, DER, DAR, NPM, ROE, ROA, TAT) terhadap variabel dependen (pertumbuhan laba). Jenis penelitian ini adalah penelitian kuantitatif. Penelitian dilakukan pada perusahaan property dan real estate yang terdaftar di BEI dengan jumlah sampel 23 perusahaan dan jangka waktu 5 tahun yaitu pada tahun 2012-2016. Metode pengambilan sampel yaitu menggunakan metode purposive sampling. Metode analisis data yang digunakan dalam penelitian yaitu meliputi statistik deskriptif, uji asumsi klasik (uji normalitas, uji autokorelasi, uji multikolinearitas, dan uji heteroskedasitas), uji hipotesis (analisis regresi linier berganda, uji t, dan analisis koefisien determinasi (R2)). Berdasarkan hasil pengujian secara parsial debt to asset ratio (DAR), net profit margin (NPM), return on equity (ROE), dan total asset turnover (TAT) berpengaruh terhadap pertumbuhan laba perusahaan sedangkan current ratio (CR), debt to equity ratio (DER), dan return on asset (ROA) tidak berpengaruh terhadap pertumbuhan laba perusahaan. Kata Kunci : Likuiditas, Leverage, Profitabilitas, Aktivitas, dan Pertumbuhan Laba.

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PENGARUH RASIO PROFITABILITAS PADA INDUSTRI PERBANKAN YANG GO PUBLIC TERHADAP HARGA SAHAM DI BURSA EFEK INDONESIA

Jurnal Ilmu Manajemen Universitas Tadulako (JIMUT) ◽

10.22487/jimut.v1i1.6 ◽

2015 ◽

Vol 1 (1) ◽

pp. 23-32

Author(s):

Syuaib Syuaib ◽

Muslimin Muslimin ◽

Harnida Wahyuni Adda

Keyword(s):

Significant Influence ◽

Stock Prices ◽

Stock Price ◽

Stock Exchange ◽

Negative Coefficient ◽

Return On Assets ◽

Asset Return ◽

Return On Equity ◽

Net Profit ◽

Linear Regressions

This research aims to determine and analyze the influence of Return On Assets (ROA), Return On Equity (ROE), and Net Profit Margin (NPM) on stock price, both simultaneously and partially. The sample of this research consists of 30 banks listed on Indonesia Stock Exchange (IDX). Method of analysis is multiple linear regressions. The results show that ROA, ROE, and NPM simultaneously have significant influence on stock prices in Indonesia Stock Exchange. Partially, ROA, ROE, and NPM have significant influence on stock prices in Indonesia Stock Exchange, while the influence of ROE on stock prices is negative. Coefficient determination indicates adjusted R-square of 0.529, which means that 52.90% of stock prices affected by ROA, ROE, and NPM, and 47.10% of stock prices affected by other variables that are not studied. Penelitian ini bertujuan untuk mengetahui dan menganalisis pengaruh return on asset (ROA), return on equity (ROE), dan margin laba bersih terhadap harga saham secara simultan dan parsial. Sampel penelitian ini terdiri dari 30 bank yang terdaftar di Bursa Efek Indonesia (BEI). Metode analisis yang digunakan adalah regresi linier berganda. Hasil penelitian menunjukkan bahwa return on asset, return on equity, dan margin laba bersih secara simultan berpengaruh signifikan terhadap harga saham di bursa Indonesia. Secara parsial, return on asset, return on equity, dan margin laba bersih berpengaruh signifikan terhadap harga saham di bursa Indonesia, tetapi efek dari return on equity terhadap harga saham adalah negatif. Koefisien determinasi menunjukkan adjusted R-square sebesar 0,529, yang berarti bahwa 52,90% dari harga saham dipengaruhi oleh ROA, ROE dan NPM, dan 47,10% dari harga saham dipengaruhi oleh variabel lain yang tidak diteliti.

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The Impact of Outsourcing on Performance and Competitive Priorities among Malaysian SMEs

Operations and Service Management ◽

10.4018/978-1-5225-3909-4.ch059 ◽

2018 ◽

pp. 1318-1336

Author(s):

Hasliza Abdul Halim ◽

Noor Hazlina Ahmad ◽

T. Ramayah

Keyword(s):

Financial Performance ◽

Competitive Advantage ◽

Least Squares ◽

Partial Least Squares ◽

Market Share ◽

Significant Influence ◽

Return On Investment ◽

Competitive Priorities ◽

Net Profit ◽

The Impact

The objective of this research is to examine the influence of outsourcing on financial performance and competitive priories of Malaysian SMEs. A data sample of 100 SMEs was analyzed to examine these relationships. The analysis was conducted via Partial Least Squares. Based on the findings, while outsourcing has significant influence of SMEs financial performance in Malaysian context, outsourcing activities do not have an impact on competitive priorities. Outsourcing approach emphasizing on the establishment of core competitive advantage, allows Malaysian SMEs to get the numerous benefits such as overall sales growth, market share, net profit, return on investment, and financial liquidity.

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