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All Journal Jurnal Ilmiah Mahasiswa Seuraya Jurnal Pengabdian Kepada Masyarakat
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Religion Humanities Chemistry Economics, Econometrics & Finance Social Sciences

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The Effect of Liquidity and Solvency on Return on Assets: Evidence from Property and Real Estate Companies Listed in the Jakarta Islamic Index 70 Alfian; Putri Meiliana; Safwandi; Safwan Kamal; Anwar Puteh; Yulius Dharma
JIM: Jurnal Ilmiah Mahasiswa Vol. 8 No. 2 (2026): Juli - Oktober 2026
Publisher : Fakultas Ekonomi dan Bisnis Islam IAIN Langsa

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.32505/jim.v8i2.15488

Abstract

This study aims to analyze the effect of liquidity and solvency ratios on financial performance, as measured by Return on Assets (ROA), in property and real estate companies listed on the Jakarta Islamic Index 70 (JII70) during the 2019–2024 period. The study was motivated by fluctuations in the property sector and the importance of financial management in maintaining corporate profitability. A quantitative approach was employed using secondary data obtained from the annual financial reports of selected companies. The sample consisted of eight companies selected through purposive sampling. Data were analyzed using panel data regression with the Fixed Effects Model (FEM) as the most appropriate estimation model. The results indicate that the Debt-to-Equity Ratio (DER) has a negative and significant effect on ROA. Meanwhile, the Current Ratio (CR), Cash Ratio, Debt-to-Asset Ratio (DAR), and Long-Term Debt-to-Equity Ratio (LTDER) do not individually have a significant effect on ROA. However, the simultaneous test reveals that liquidity and solvency variables collectively have a significant effect on financial performance. The adjusted R-squared value of 0.5998 indicates that approximately 59.98% of the variation in ROA can be explained by the liquidity and solvency variables included in the model, while the remaining 40.02% is influenced by other factors beyond the scope of this study. These results suggest that financial performance is not determined solely by liquidity and solvency conditions but is also affected by other internal and external factors. Therefore, maintaining an appropriate balance between liquidity and leverage is essential for improving profitability and supporting sustainable financial performance.
Empowering Fish Cracker MSMEs through E-Branding and a Marketplace-Based Digital Catalog System to Improve Business Performance in Kuala Langsa Alfian; Miftahul Zannah Sihombing; Ayu Prihatina; Cut tinur Jannah; Putri Nurfadhilla; Juli Dwina Puspita Sari; Nanda Safarida; Zefri Maulana; Safwandi; Safwan Kamal; Muhammad Amin; Khalda Hayatul Fazri Muna; Faisal Yahya; Dicky Armanda
SEURAYA Jurnal Pengabdian Kepada Masyarakat Vol 4 No 1 (2026): SEURAYA: Jurnal Pengabdian kepada Masyarakat
Publisher : Fakultas Ekonomi dan Bisnis Islam Institut Agama Islam Negeri Langsa

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Abstract

Digital transformation has become a key factor in enhancing the competitiveness of micro, small, and medium enterprises (MSMEs). However, many MSMEs in coastal areas still face challenges in strengthening their brand identity, presenting product information, and utilizing digital marketing channels. Similar challenges were identified among fish cracker MSMEs in Kuala Langsa, Langsa City, which still rely on conventional marketing practices, lack strong branding, and have not fully leveraged product catalogs and marketplaces. This community service program aimed to improve the understanding and readiness of MSME stakeholders to adapt to digital transformation by strengthening e-branding, introducing a digital catalog system, and enhancing literacy regarding the use of marketplaces. The program employed a Participatory Action Research (PAR) approach involving problem identification, action planning, socialization, mentoring, and reflection. Data were collected through observation, interviews, and documentation and analyzed using a qualitative descriptive approach. The results indicate an improvement in participants’ understanding of brand identity, the systematic presentation of product information, and the use of digital media as a marketing support tool. Furthermore, MSME actors demonstrated greater openness toward adopting technology for business development. This program provides an initial foundation for fish cracker MSMEs in Kuala Langsa to improve their readiness to adopt digital marketing gradually and sustainably in order to support more adaptive and competitive business development.
Co-Authors Anwar Puteh Ayu Prihatina Cut tinur Jannah Dicky Armanda Faisal Yahya Juli Dwina Puspita Sari Khalda Hayatul Fazri Muna Miftahul Zannah Sihombing Muhammad Amin Nanda Safarida Putri Meiliana Putri Nurfadhilla Safwan Kamal Safwandi Yulius Dharma Zefri Maulana