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Analisis Perbandingan Financial Distress Pada Perusahaan Sub Sektor Rokok Periode 2015-2019 Anang Makruf; Deni Ramdani
Jurnal Inovasi Bisnis dan Kewirausahaan Vol 3 No 3 (2021): Business Innovation and Entrepreneurship Journal (August)
Publisher : Entrepreneurship Faculty, Universitas Garut

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (288.605 KB) | DOI: 10.35899/biej.v3i3.304

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Abstract – The aim of the study was to analyze financial distress in cigarette companies list in Indonesia Stock Exchange in 2015-2019 using 3 methods, Altman Z-Score, Zmijewski, and Springate. Purposive sampling is used in this study to determine the sampling technique. The sample used in this study released 4 cigarette companies. Descriptive asalysis with quantitative models was used to analyze data in this research. Altman Z-Score, Zmijewski, and Springate in 2015-2019 PT. HM Sampoerna Tbk, PT. Gudang Garam Tbk, and PT. Wismilak Inti Makmur Tbk is related to safe, but it is needed a company that is estimated to be grey in the Altman Z-Score calculation in 2018, PT. Wismilak Inti Makmur Tbk. The Z-score is at the limit because the companie has a ratio with a lower value in market value of equity to book value of liabilities Abstrak – Penelitian ini memiliki bertujuan untuk menganalisis perbandingan kesulitan keuangan dalam perusahaan sun sektor rokok di Indonesia Stock Exchange periode 2015-2019 menggunakan tiga metode. Metode yang digunakan yaitu Altman Z-Score, Zmijewski, dan Springate. Purposive sampling digunakan dalam penelitian ini untuk menentukan teknik pengambilan sampel. Sampel yang digunakan berjumlah 4 perusahaan rokok. Analisis deskriptif dengan pendekatan kuantitatif digunakan sebagai teknik analisis data. Dalam penelitian ini menjelaskan financial distress yang dihitung menggunakan metode Altman Z-Score, Zmijewski , dan Springate pada tahun 2015-2019 PT. HM Sampoerna Tbk, PT. Gudang Garam Tbk, dan PT. Wismilak Inti Makmur Tbk mengalami dalam kondisi keuangan yang sehat, namun terdapat perusahaan yang diestimasi rawan kebangkrutan pada perhitungan Altman Z-Score pada tahun 2018 yaitu PT. Wismilak Inti Makmur Tbk. hal ini dapat terjadi karena nilai Z-Score PT. Wismilak Inti MakmurTbk berada pada Z < 1,81 salah satu penyebabnya ialah rendahnya rasio market value of equity terhadap liabilities.
Analisis Efektivitas Realisasi Anggaran Belanja Daerah Pada Setda Kota Magelang Bagian Administrasi Pembangunan Fian Dwi Rahayu; Deni Ramdani
JPEK: Jurnal Pendidikan Ekonomi dan Kewirausahaan Vol 5, No 1 (2021): JPEK (Jurnal Pendidikan Ekonomi dan Kewirausahaan)
Publisher : Universitas Hamzanwadi

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.29408/jpek.v5i1.2740

Abstract

This study aims to determine and analyze the effectiveness of the realization of the expenditure budget at the Regional Secretariat of the City of Magelang Development Administration in 2017-2019. Type of descriptive research that was studied quantitatively. The source of the data used in this study is secondary data in the form of the Realization of the Regional Budget Setda Magelang Document of the Development Administration Section. Data collection techniques carried out by interviews, documentation, and study of literature. The results showed that the realization of the expenditure budget in the activity program of the Regional Secretariat of the City of Magelang Development Administration for the period of 2017-2019 was quite effective. However, the calculation of the growth in expenditure realization shows that the total budget realization from year to year tends to decrease
The influence of the proportion of foreign ownership and financial ratio on banking performance in Indonesia in the period of 2017-2019 Yacobo P Sijabat; Heni Hirawati; Deni Ramdani
The Management Journal of Binaniaga Vol 5, No 2 (2020): December 2020
Publisher : STIE Binaniaga

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.33062/mjb.v5i2.393

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This research examined the influence of foreign proportions in the shares of banking companies and financial ratios on the performance of companies listed on the Indonesia Stock Exchange in the period 2014-2018.The proportion of foreigners in a banking company uses a comparison of the total amount of foreign shares with the total share ownership.While the proxies of financial ratios are measured using several ratios, including Non-Performing Loans (NPL), Loan to Deposit (LDR), Capital Adequacy Ratio (CAR) and BOPO.Performance proxies are measured using ROA and ROE proxies. The method used is data panel regression using stata 13.0 software.The results of research on the proportion of foreign to the company's performance have a significant effect on ROA alone.Keywords: Banking Company, Financial Ratios, Proportion of Foreign Ownership
Prepaid Electricity Marketing Communication Strategy at PT. PLN (Persero) Temanggung Customer Service Unit Muhammad Hasan Absori; Deni Ramdani
AFEBI Management and Business Review Vol 5, No 1 (2020)
Publisher : Asosiasi Fakultas Ekonomi dan Bisnis Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.47312/ambr.v5i1.280

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PT. PLN (Persero) is a provider of electrical energy services in Indonesia. Technological developments encourage the innovation of prepaid electricity programs in providing effective and efficient services to consumers. So marketing communication is one of the strategies used to introduce prepaid electricity products to the public. marketing communication is communication that is used to improve marketing strategies in expanding the target market segmentation. PT. PLN (Persero) Temanggung Customer Service Unit uses socialization techniques in delivering prepaid electricity programs to the Temanggung community. The purpose of this study was to determine the form of marketing communication channels used by PT. PLN (Persero) Temanggung Customer Service Unit to provide prepaid electricity program information to consumers in order to increase prepaid electricity usage in Temanggung. This study uses a qualitative description method. Research data obtained by interview and observation conducted at PT. PLN (Persero) Temanggung Customer Service Unit. In this study conducted with triagulation techniques. The research results of PT. PLN (Persero) Temanggung Customer Service Unit uses marketing communication channels in promoting prepaid electricity programs. The message delivered contains the difference between prepaid and postpaid electricity, benefits, token costs or electricity energy vouchers and how to purchase tokens on the prepaid electricity program.
ANALISIS PENGARUH PROFITABILITAS, LIKUIDITAS, DAN UKURAN PERUSAHAAN TERHADAP STRUKTUR MODAL Asri Khayati; Deni Ramdani
Jurnal Ekonomi dan Bisnis (EK dan BI) Vol 4 No 2 (2021)
Publisher : Politeknik Bisnis Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.37600/ekbi.v4i2.334

Abstract

The company's long-term goal is to achieve maximum company value, which will affect the confidence of investors to invest some of their funds in the company. Corporate funding is significant for the company's operational activities and involves many parties who support the company's business activities. Good funding decisions are reflected in the composition of the capital structure so that it needs to be appropriately managed. This research aims to gain further theoretical knowledge regarding the effect of profitability, liquidity, and firm size on capital structure. This research is quantitative. The population in this study are property and real estate companies listed on the Indonesia Stock Exchange in 2017-2019. The data analysis technique in this study used multiple linear regression analysis with SPSS software. Based on the analysis results, it is concluded that the profitability variable (X1) has a negative and significant effect on the capital structure (Y). Meanwhile, the liquidity variable (X2) and firm size (X3) do not affect the level of the company's capital structure (Y).
DETERMINASI FINANCIAL DISTRESS TERHADAP RETURN SAHAM Yusnia Paramita; Deni Ramdani
JURNAL ILMU MANAJEMEN SABURAI Vol 8, No 1 (2022): JURNAL ILMU MANAJEMEN SABURAI
Publisher : Universitas Sang Bumi Ruwa Jurai

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.24967/jmb.v8i1.1553

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Mini riset ini bertujuan untuk mengetahui determinasi kesulitan keuangan/financial distress dengan proksi Altman z score terhadap imbal hasil saham pada perusahaan subklasifikasi industri restoran, hotel dan pariwisata yang terdaftar di Bursa Efek Indonesia tahun 2018-2020. Jenis penelitian ini tergolong penelitian kuantitatif. Analisis data berupa analisis regresi linier berganda menggunakan SPSS 25. Teknik pengambilan sampel adalah purposive sampling yang menghasilkan 20 sampel perusahaan. Hasil penelitian menunjukkan bahwa Earning Before Interest and Tax to Total Assets (EBITTA) dan Market Value of Equity to Book Value Of Debt (MVEBVD) secara parsial berpengaruh positif terhadap return saham. Komponen lainnya yaitu Working Capital to Total Assets (WCTA), Sales to Total Assets (STA) dan Retained Earnings to Total Assets (RETA) secara parsial tidak berpengaruh terhadap imbal hasil saham. Komponen prediktor financial distress secara simultan mempengaruhi imbal hasil saham.
Analisis Pengaruh Return On Equity, Debt to Equity Ratio dan Pertumbuhan Penjualan (Growth) Terhadap Harga Saham Perusahaan Sektor Farmasi Yang Terdaftar Di Bursa Efek Indonesia Periode Tahun 2017-2021 Sholi Robiyatun; Deni Ramdani
JURNAL EKONOMI, MANAJEMEN, BISNIS, DAN SOSIAL (EMBISS) Vol. 3 No. 1 (2022): November 2022
Publisher : CV ODIS

Show Abstract | Download Original | Original Source | Check in Google Scholar

Abstract

The COVID-19 pandemic has resulted in a shift in human lifestyles and increased sensitivity to health. The demand for health products is increasing in response to several policies from the government. The purpose of this study is to determine the effect of the Return on Equity Ratio, Debt to Equity Ratio, and Sales Growth (Growth) on the Stock Prices of Pharmaceutical Sector Companies Listed on the Indonesia Stock Exchange for the 2017-2021 Period. The sample used is all pharmaceutical companies listed on the Indonesia Stock Exchange, then the selection is made using the purposive sampling method. The data analysis technique used is multiple linear analysis using SPSS 25 software. The partial results show that the Return on Equity variable has a positive and significant effect on stock prices. While the other two independent variables, namely Debt to Equity Ratio and growth did not affect stock prices. However, the test results simultaneously show that all independent variables, namely Return on Equity, Debt to Equity Ratio, and Sales growth (Growth) jointly affect the company's stock price.
ANALISIS PERBANDINGAN ROI DAN EVA DALAM MENILAI KINERJA KEUANGAN SEKTOR PHARMACEUTICALS & HEALTH CARE RESEARCH Syavia Alvi Maulidya Arma; Deni Ramdani
JURNAL EKONOMI, MANAJEMEN, BISNIS, DAN SOSIAL (EMBISS) Vol. 3 No. 1 (2022): November 2022
Publisher : CV ODIS

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Abstract

This study aims to analyze the comparison of Economic Value Added (EVA) and Return On Investment (ROI) in assessing the performance of the Pharmaceuticals & Health Care Research financial subsector listed on the Indonesia Stock Exchange (IDX). The research was conducted using a descriptive method with a quantitative approach, where the data obtained will be processed and analyzed to draw conclusions. The research was conducted on the analysis of numerical data obtained through financial reports published on the Indonesia Stock Exchange (IDX). The observation period was from 2020-2021. The results showed that the financial performance of the Pharmaceuticals & Health Care Research sub-sector using EVA and ROI analysis showed that PT Kalbe Farma Tbk. (KLBF) is a company with the best economic value creation. Meanwhile, if measured using the analysis of Return On Investment (ROI), the results showed that PT Industri Jamu and Pharmacy Sido Muncul Tbk. (SIDO) as the company with the best investment turnover rate. The results of the overall analysis show that EVA is more appropriate to be used to assess company performance than ROI.
Pengaruh Profitabilitas, Leverage dan Nilai Pasar Terhadap Harga Saham Pada Perusahaan Perbankan BUMN Sholeh Nur Rohmat; Deni Ramdani
Jurnal Ekonomi, Bisnis dan Manajemen Vol. 1 No. 4 (2022): Desember: Jurnal Ekonomi, Bisnis dan Manajemen
Publisher : FEB Universitas Maritim Semarang

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.58192/ebismen.v1i4.156

Abstract

Studi ini bermaksud untuk mengenali imbas Profitabilitas, Leverage, serta Nilai Pasar kepada Harga Saham. Populasi menggunakan perusahaan perbankan BUMN dengan rentang waktu observasi selama 2017 sampai 2021 sejumlah 4 perusahaan. Basis data sekunder yang dipakai didapat dari Bursa Efek Indonesia. Metode analisa informasi dengan bentuk regresi linear berganda menggunakan alat bantu analisa IBM SPSS model 26. Berpangkal pada hasil analisa menunjukkan bahwa Profitabilitas, Leverage, dan Nilai Pasar dengan cara simultan mempengaruhi positif signifikan kepada harga saham. Profitabilitas serta Leverage dengan cara parsial mempengaruhi negatif signifikan kepada harga saham, sedangkan itu Nilai Pasar dengan cara parsial mempengaruhi positif signifikan kepada harga saham.
PENGARUH PROFITABILITAS, STRUKTUR MODAL DAN LIKUIDITAS TERHADAP KINERJA KEUANGAN PADA PERUSAHAAN SUB SEKTOR INDUSTRI OTOMOTIF DAN KOMPONEN YANG TERDAFTAR DI BURSA EFEK INDONESIA (BEI) TAHUN 2016-2021 Nurussilmi Susanti As Shofi; Deni Ramdani
Inisiatif: Jurnal Ekonomi, Akuntansi dan Manajemen Vol. 2 No. 1 (2023): Januari : Inisiatif: Jurnal Ekonomi, Akuntansi dan Manajemen
Publisher : Universitas 45 Surabaya

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (1450.967 KB) | DOI: 10.30640/inisiatif.v2i1.435

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Tujuan dari penelitian ini adalah untuk mengetahui korelasi antara profitabilitas, struktur modal dan likuiditas ditinjau dari kinerja keuangan pada sub sektor otomotif dan komponen yang terdaftar di BEI dari tahun 2016 sampai dengan tahun 2021. Teknik yang digunakan dalam penelitian ini adalah purposive sampling. Analisis data yang digunakan dalam penelitian ini adalah analisis regresi linear berganda. Penelitian ini mengidentifikasi fenomena dimana variabel profitabilitas, struktur modal dan likuiditas tidak memiliki pengaruh terhadap profitabilitas.