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All Journal JURNAL ILMIAH GLOBAL EDUCATION
Mukhzarudfa Mukhzarudfa
Accounting Study Program, Faculty of Economics and Business, University of Jambi, Jambi, Indonesia
Education Languange, Linguistic, Communication & Media Mathematics Other

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Financial Performance Analysis of the Jambi Province Local Government Using the Value for Money Method (2017-2024 Period) Zelvi Tiara; Mukhzarudfa Mukhzarudfa; Eko Prasetyo
Jurnal Ilmiah Global Education Vol. 7 No. 2 (2026): JURNAL ILMIAH GLOBAL EDUCATION (In Press)
Publisher : LPPM Institut Pendidikan Nusantara Global

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.55681/jige.v7i2.5891

Abstract

This study aims to analyze the financial performance of the Jambi Provincial Government using the Value for Money approach, which covers the aspects of economy, efficiency, and effectiveness during the 2017–2024 period. The population of this study consists of all financial reports of the Jambi Provincial Government, while the sample is the Budget Realization Reports for the observed years, selected using a time series technique based on data availability. This research employs a quantitative approach with a descriptive research design. The data used include secondary data obtained from official budget realization reports and primary data collected through interviews conducted at the Jambi Provincial Finance and Asset Agency. Data collection techniques comprise documentation and interviews, and data analysis is carried out using economic, efficiency, and effectiveness ratios within the Value for Money framework. The results show that the financial performance of the Jambi Provincial Government during the study period is categorized as economical, as the expenditure realization ratio is below 100 percent, indicating budget savings. However, in terms of efficiency, the performance is still considered inefficient because the ratio exceeds 100 percent, which means expenditure realization is higher than revenue realization. Meanwhile, in terms of effectiveness, financial performance is classified as effective since revenue realization has met and even exceeded the predetermined targets. In conclusion, the Jambi Provincial Government has managed its budget economically and effectively, but improvements are still required to enhance efficiency in regional financial management.
Financial Performance Analysis of Transportation and Logistics Sector Companies Listed On the Indonesia Stock Exchange Using a Financial Ratio Approach in 2014-2024 Revita Pintania; Mukhzarudfa Mukhzarudfa; Fredy Olimsar
Jurnal Ilmiah Global Education Vol. 7 No. 2 (2026): JURNAL ILMIAH GLOBAL EDUCATION (In Press)
Publisher : LPPM Institut Pendidikan Nusantara Global

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.55681/jige.v7i2.6002

Abstract

This study aims to analyze the financial performance of transportation and logistics companies listed on the Indonesia Stock Exchange (IDX) during the 2014–2024 period using a financial ratio approach. This study employed a quantitative method with a purposive sampling technique, resulting in 10 companies meeting the research criteria with a total of 110 observations. Financial performance analysis was conducted through three ratio groups: liquidity ratios (current ratio and cash ratio), solvency ratios (debt to asset ratio and debt to equity ratio), and profitability ratios (return on investment and return on equity). The results showed that the financial performance of transportation and logistics companies experienced significant fluctuations during the observation period, particularly during the COVID-19 pandemic and the economic recovery phase. In general, several companies demonstrated good ability to maintain liquidity levels and control their capital structure, despite pressure on profitability in the 2020–2021 period. Based on the comprehensive analysis, PT Eka Sari Lorena Transport Tbk (NELY) and PT Samudera Indonesia Tbk (SMDR) demonstrated relatively better and more stable financial performance compared to other companies during the study period. These findings imply that liquidity management, debt structure, and operational efficiency are important factors in maintaining financial performance stability, particularly in sectors that are sensitive to macroeconomic dynamics.
Co-Authors Eko Prasetyo Fredy Olimsar Revita Pintania Zelvi Tiara