Article Per Year (5 Year)
p-Index From 2021 - 2026
0.408
P-Index
This Author published in this journals
All Journal Advances in Managerial Auditing Research Advances: Jurnal Ekonomi & Bisnis
Silvia Ananda Putri
Universitas Kebangsaan Republik Indonesia, Bandung, Indonesia
Economics, Econometrics & Finance

Published : 2 Documents Claim Missing Document
Claim Missing Document
Check
Articles

Found 2 Documents
Search

 1 
Impact of Interest Rate Hike on Financing Debt, Indonesian Government Toll Road Project Azhar Eka Septiana; Neyla Mutiara Sabrina; Silvia Ananda Putri; Kayla Ardi Putri; Muhammad Fauzan Akbar Rafsanjani; Galuh Boga Guswara
Advances: Jurnal Ekonomi & Bisnis Vol. 4 No. 3 (2026): May - June
Publisher : Yayasan Pendidikan Bukhari Dwi Muslim

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.60079/ajeb.v4i3.838

Abstract

Purpose: This study analyzes the impact of rising interest rates on the sustainability of debt financing in Indonesian government toll road projects, using the Cisumdawu Toll Road project as a case study. Research Method: The study employed a quantitative case study approach, using financial feasibility analysis and scenario-based sensitivity analysis. Secondary data were obtained from Bank Indonesia benchmark interest rates (BI 7-Day Reverse Repo Rate), project financing structures, and toll road investment assumptions. Financial indicators used in the analysis included Cost of Debt, Weighted Average Cost of Capital (WACC), Debt Service Coverage Ratio (DSCR), Net Present Value (NPV), and Internal Rate of Return (IRR). Results and Discussion: The findings indicate that rising interest rates significantly increase borrowing costs and debt-servicing obligations, thereby reducing project cash-flow resilience and investment feasibility. Higher interest rates also weaken DSCR performance, increase WACC, and reduce NPV and IRR values. Implications: The study highlights the importance of stable monetary policy, effective governance of infrastructure financing, and government support mechanisms in maintaining the resilience of long-term infrastructure investment. Originality: Integrating interest rate sensitivity analysis with debt financing sustainability in the context of the Cisumdawu Toll Road project, which has rarely been discussed comprehensively in previous infrastructure financing studies in Indonesia.
Analysis of the Role of Gross Profit as an Indicator of Operational Financial Performance: A Qualitative Case Study of PT Astra Agro Lestari Tbk Vidhini Nazhifa Rachmalimy; Asri Sundari; Evi Karyani; Marintan Anastasya Putri; Silvia Ananda Putri; Nisrina Salma Putri
Advances in Managerial Auditing Research Vol. 4 No. 3 (2026): June - September
Publisher : Yayasan Pendidikan Bukhari Dwi Muslim

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.60079/amar.v4i3.947

Abstract

Purpose: This study aims to analyze changes in gross profit and its components in assessing the financial performance of PT Astra Agro Lestari Tbk. Research Method: This study employed a quantitative descriptive design based on a documentary review. Data were obtained from the interim consolidated financial statements for the three-month periods ending March 31, 2025, and March 31, 2024, and were then analyzed using comparisons, ratios, and arithmetic decomposition. Results and Discussion: Net revenue increased by 46.33%, cost of revenue rose by 44.31%, and gross profit grew by 60.99% to Rp937,287 million. The gross profit margin increased from 12.13% to 13.34%. Of the increase in gross profit, 75.97% was attributable to revenue growth and 24.03% to improved margins. The 21.95% decrease in inventory does not demonstrate successful sales timing, while the 7.34% increase in depreciation does not demonstrate modernization without supporting investment data. Implications: Gross profit should be evaluated in conjunction with volume, selling price, unit cost, inventory, and cash flow to avoid overestimating efficiency. Originality: The study provides a breakdown of gross profit and distinguishes between accounting facts and managerial interpretations in the palm oil industry.
Co-Authors Asri Sundari Azhar Eka Septiana Evi Karyani Galuh Boga Guswara Kayla Ardi Putri Marintan Anastasya Putri Muhammad Fauzan Akbar Rafsanjani Neyla Mutiara Sabrina Nisrina Salma Putri Vidhini Nazhifa Rachmalimy