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All Journal IKRA-ITH EKONOMIKA Jurnal Pemberdayaan: Publikasi Hasil Pengabdian kepada Masyarakat (JPM ITTC ) International Journal of Management and Business Economics Jurnal Multidisiplin Indonesia Jurnal Ekonomi Dan Bisnis
Salza Adzri Arismutia
Fakultas Ekonomi Dan Bisnis, Universitas Indonesia Membangun
Decision Sciences, Operations Research & Management Economics, Econometrics & Finance Education Law, Crime, Criminology & Criminal Justice Public Health Social Sciences Veterinary

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The Influence Of Return On Equity, Debt-To-Equity Ratio, and Price To Book Value On Stock Prices (In Consumer Cyclicals Subsector Companies Listed On The Indonesia Stock Exchange For The Period 2018-2025) Dina Monica Sirait; Salza Adzri Arismutia; Santi Damayanti; Diah Febriyanti
International Journal of Management and Business Economics Vol. 4 No. 3 (2026): June
Publisher : CV Putra Publisher

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.58540/ijmebe.v4i3.1937

Abstract

This study examines the impact of Return on Equity (ROE), Debt to Equity Ratio (DER), and Price to Book Value (PBV) on the stock prices of Consumer Cyclical companies listed on the Indonesia Stock Exchange (IDX) from 2018 to 2025. Employing a quantitative, descriptive-verificative approach, data from 16 purposively selected companies (128 observations) were analyzed using their annual financial reports from the official IDX website. The analysis involved descriptive statistics, classical assumption tests, multiple linear regression, the coefficient of determination, and hypothesis testing. The findings indicate that ROE and PBV significantly positively influence stock prices, while DER does not. These variables collectively explain 44.4% of the variation in stock prices, highlighting the relevance of financial ratios for fundamental analysis in the Consumer Cyclicals sector.
Pengaruh Debt to Equity Ratio, Debt to Assets Ratio, Net Profit Margin dan Total Assets Turnover terhadap Pertumbuhan Laba Sheni Victoria; Salza Adzri Arismutia; Ferry Kosadi
Jurnal Multidisiplin Indonesia Vol. 5 No. 4 (2026): (2026): Jurnal Multidisiplin Indonesia
Publisher : Riviera Publishing

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.58344/jmi.v5i4.2700

Abstract

Profit growth is an important indicator in assessing the financial performance and sustainability of the company, especially in the banking sector which has a strategic role in the economy. Profit fluctuations in banking companies show the need for analysis of financial ratios that can affect profit growth. This research aims to analyze the effect of DER, DAR, NPM, and TATO on profit growth using secondary data obtained from the IDX. The population consists of 47 banking companies officially listed on the IDX during the 2017–2024 period, which was then narrowed down to 19 companies using a non-probability sampling technique with a purposive sampling approach. This study applies a quantitative design combining descriptive and verificative analysis, encompassing classical assumption tests, multiple linear regression, product-moment correlation, and the coefficient of determination. Hypothesis testing was conducted using the T-test to examine partial effects and the F-test to examine simultaneous effects. The results indicate that DER has a positive and significant effect on profit growth (t = 2.346; sig. = 0.020). DAR has a negative and significant effect on profit growth (t = ?3.124; sig. = 0.002). NPM shows no significant effect on profit growth (t = ?1.207; sig. = 0.229). TATO has a negative and significant effect on profit growth (t = ?2.342; sig. = 0.021). Simultaneously, all independent variables significantly influence profit growth with an F-value of 4.570 and a significance of 0.002, which is less than 0.05.
Pengaruh Literasi Keuangan, Pengendalian Anggaran, dan Persepsi Kenaikan Harga terhadap Perilaku Pengelolaan Keuangan pada Mahasiswa Kolektor Merchandise K-Pop Resa Fitriani; Kartika Berliani; Salza Adzri Arismutia
Surplus: Jurnal Ekonomi dan Bisnis Vol. 5 No. 1 (2026): Juli-Desember 2026
Publisher : Yayasan Pendidikan Tanggui Baimbaian

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.71456/sur.v5i1.2398

Abstract

Penelitian ini bertujuan untuk mengevaluasi sejauh mana literasi keuangan, pengendalian anggaran, dan persepsi kenaikan harga memengaruhi perilaku pengelolaan keuangan mahasiswa kolektor merchandise K-Pop. Populasi dalam penelitian ini terdiri atas mahasiswa aktif yang mengalokasikan aset berwujud berupa merchandise K-Pop. Sampel yang digunakan dalam penelitian ini berjumlah 143 responden. Penelitian ini dilaksanakan dengan pendekatan data primer berbasis kuantitatif melalui penyebaran kuesioner. Data yang telah dikumpulkan selanjutnya dianalisis menggunakan perangkat lunak SPSS melalui metode regresi linier berganda. Hasil penelitian menunjukan bahwa literasi keuangan, pengendalian anggaran, dan persepsi kenaikan harga memiliki pengaruh positif dan signifikan terhadap perilaku pengelolaan keuangan, baik secara parsial maupun secara simultan. Dari ketiga variabel penelitian, pada uji regresi linier berganda literasi keuangan memiliki dampak yang paling dominan dengan nilai Standardized Coeddicients Beta tertinggi sebesar 0,619. Keempat hipotesis yang diajukan (H1,H2,H3,H4) berhasil membuktikan kebenarannya dan diterima karena hasil penelitian mendukung asumsi awal. Angka R Square pada perilaku pengelolaan keuangan pribadi sebesar 65,7%, di antaranya dapat dijelaskan oleh literasi keuangan, pengendalian anggaran, dan persepsi kenaikan harga, sedangkan sisanya sebanyak 34,4% dijelaskan oleh faktor atau variabel di luar model. Hubungan antara perilaku pengelolaan keuangan dengan literasi keuangan, pengendalian anggaran, dan persepsi kenaikan harga menunjukan korelasi sangat kuat dan signifikan.
PENGARUH TOTAL ASSET TURNOVER, INVENTORY TUNOVER, NET PROFIT MARGIN TERHADAP RETURN ON ASSET (Pada Perusahaan Manufaktur Subsektor Makanan dan Minuman yang Terdaftar di BEI Priode 2019-2025) Salsyabila Kurniawan; Vina Merliana; Salza Adzri Arismutia
IKRAITH-EKONOMIKA Vol. 9 No. 2 (2026): IKRAITH-EKONOMIKA Vol 9 No 2 Juli 2026
Publisher : Universitas Persada Indonesia YAI

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.37817/ikraith-ekonomika.v9i2.7228

Abstract

Studi ini meneliti pengaruh indikator keuangan pada tingkat keuntungan perusahaan yang tercatat dalam subsektor makanan dan minuman sepanjang tahun 2019-2025. Fokus utama adalah pada tiga variabel utama: Total Asset Turnover (TATO), Inventory Turnover (ITO), dan Net Profit Margin (NPM). Penelitian ini menggunakan pendekatan kuantitatif melalui analisis regresi linier data panel. Berdasarkan hasil analisis diperoleh TATO berdampak positif dan signifikan, NPM berdampak positif dan signifikan, sedangkan ITO berdampak negatif dan signifikan terhadap Pengembalian Aset (ROA). Secara simultan, ketiga variabel tersebut memberikan pengaruh yang besar terhadap variasi profitabilitas perusahaan, sebagaimana tercermin dari nilai adjusted R² sebesar 76,5%. Hasil ini menunjukkan pentingnya pengelolaan aktivitas dan efisiensi biaya untuk meningkatkan Pengembalian Aset (ROA) secara berkelanjutan. Temuan ini juga berfungsi sebagai referensi strategis bagi manajemen dalam memantau produktivitas aset dan mempertahankan struktur margin keuntungan yang lebih terarah.
Mengelola Uang Usaha dengan Cerdas agar Bisnis Tetap Cuan dan Tumbuh Salza Adzri Arismutia
Jurnal Pemberdayaan: Publikasi Hasil Pengabdian Kepada Masyarakat Vol. 5 No. 1 (2026): Januari - Juni
Publisher : CV. ITTC INDONESIA

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.47233/jpmittc.v5i1.4632

Abstract

Many Micro, Small, and Medium Enterprises (MSMEs) still face fundamental problems in business financial management, including low financial literacy, lack of discipline in recording transactions, the absence of separation between personal and business finances, and weak budgeting practices. These issues result in uncontrolled cash flow, difficulties in accurately measuring profits, increased risk of financial loss, and obstacles to sustainable business stability and growth. This community service activity aims to improve the understanding, capabilities, and skills of business actors in managing business finances intelligently, effectively, and systematically so that businesses can remain profitable, survive economic challenges, and grow sustainably amid increasingly complex business competition. The method used in this service program was a descriptive educational approach through counseling, training, and mentoring for MSME actors, employing qualitative analysis techniques on the implementation of financial management strategies, including routine financial recording, cash flow management, budgeting, expenditure evaluation, and the utilization of digital financial technology as a supporting tool for efficiency and accuracy in business management. The results of the service activity indicate that the implementation of proper financial management strategies can improve operational efficiency, strengthen financial control, support more rational business decision-making, reduce the risk of losses, and encourage increased profitability and sustainable business growth. Therefore, intelligent business financial management is an essential factor in maintaining long-term business stability and success.
Co-Authors Diah Febriyanti Dina Monica Sirait Ferry Kosadi Kartika Berliani Resa Fitriani Salsyabila Kurniawan Santi Damayanti Sheni Victoria Vina Merliana