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All Journal Fundamental Management Journal IKRA-ITH ABDIMAS Advances In Social Humanities Research fundamental management journal
Situmorang, Humala
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Humanities Computer Science & IT Decision Sciences, Operations Research & Management Engineering Law, Crime, Criminology & Criminal Justice Social Sciences

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Journal : fundamental management journal

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THE INFLUENCE ANALYSIS OF LIQUDITY LEVEL, LEVERAGE AND LEVEL OF CORPORATE ACTIVITY TO ECONOMIC PROFITABILITY OF PT. PT KOBEXINDO TRAKTOR, Tbk, 2016/2017 Situmorang, Humala
Fundamental Management Journal Vol. 3 No. 1p (2018): pISSN : 2540-9816 EDISI CETAK Volume:3 No.1 April 2018
Publisher : Universitas Kristen Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.33541/fjm.v3i1p.735

Abstract

This study aims to determine the factors causing the reducing in the ability of companies in obtaining profit as measured by economic profitability as a dependent variable. These factors are the level of liquidity, leverage, and level of corporate activity as independent variables. The research method used is descriptive, data collected based on secondary data derived from annual financial statements of 2016 and 2017, and using multiple regression analysis. The results of the analysis concluded that the level of liquidity, leverage and level of company activity partially or simultaneously known through multiple regression analysis has no effect on economic profitability of PT. Kobexindo Traktor, Tbk Keywords: Level of liquidity, leverage, activity level and economic profitability of company
The Influence of Profitability Liquidity, Leverage and Growth on Dividend Policies and Free Cash Flow as Moderating Variable In The Companies Listed on The Indonesia Stock Exchange Year 2015-2017 Situmorang, Humala
Fundamental Management Journal Vol. 5 No. 1 (2020): ISSN: 2540-9816 (print) 2540-9220 (online) Volume:5 No.1 April 2020
Publisher : Universitas Kristen Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.33541/fjm.v5i1.1662

Abstract

One of the objectives of investors to invest is to increase their wealth. Added wealth is obtained through dividends distributed by company management. Management’s decision to divide dividends (dividend policy) is an attraction for investors to buy company shares even at high prices so that it will strengthen the company’s cash position to be used to run company operations with the aim of gaining high profits and increasing company value. The high value of the company will make it easier for management to raise funds. Logically high profits will produce high liquidity, with high liquidity in addition to being able to pay off all of its obligations as well as being able to finance the growth of the company and set aside free cash to be distributed to shareholders as dividends. Therefore the purpose of this study is to examine whether free cash flow can strengthen or weaken profitability, liquidity, leverage and growth towards management policies to pay dividends. Using a sampling purpose, the company’s sampling consists of 31 companies listed on the Indonesia Stock Exchange in 2015-2017. For testing used logistic regression analysis consisting of logistic regression test, significant test of fit model with the approach of maximum likelihood method and partial test and model formation. The results of this study indicate that free cash flow cannot encourage / strengthen the influence of profitability, liquidity, leverage and growth on dividend policy, so that profitability, liquidity, leverage and growth have no effect on dividend policy. Keywords: Profitability, liquidity, leverage, growth, free cash flow and dividend policy.
The Effect of the Ban on Nickel Exports on the Economic Profitability of PT Vale Indonesia, Tbk from 2015 - June 2020. Situmorang, Humala
Fundamental Management Journal Vol. 6 No. 1p (2021): ISSN: 2540-9816 (print) Volume:6 No.1 April 2021
Publisher : Universitas Kristen Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.33541/fjm.v6i1p.2834

Abstract

The purpose of this study was to determine the effect of government policies to prohibit the export of raw materials for mining ore, especially nickel ore, to foreign countries based on Permen ESDM No. 01/2014 on the economic profitability of INCO companies from 2015 to June 2020. To see the company's economic profitability, it can be seen from the side of gross profit margin, net profit margin, return on assets, and return on equity. This analysis is made by compiling profitability ratios in one table so that it is expected to provide clearer information for interested parties. INCO Tbk is a mining company listed on the Indonesia Stock Exchange whose majority shares are owned by foreign countries. From the results of the research and analysis that has been carried out, it can be concluded that the ban on nickel ore exports has a negative effect on gross profit margin, net profit margin, return on assets, and return on equity from 2015-2017, but the ban on nickel ore exports has no negative effect. on gross profit margin, net profit margin, return on assets, and return on equity from 2018-June 2020. Keywords: economic profitability, gross profit margin, net profit margin, return on assets, and return on equity, exports.
The Influence of Profitability, Liquidity, Leverage and Growth on Economic Profitability of PT. Indika Energy, Tbk Year 2016–2021 Situmorang, Humala; Lumbantoruan, Rutman
Fundamental Management Journal Vol. 7 No. 1p (2022): ISSN: 2540-9816 (print) Volume:7 No.1 April 2022
Publisher : Universitas Kristen Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.33541/fjm.v7i1p.3887

Abstract

This study aims to determine the factors that cause the company's ability to earn profits as measured by economic profitability as the dependent variable in obtaining profits as measured by economic profitability as the level of liquidity, leverage, and the level of company activity as independent variables are these factors.Data is collected based on financial report data from 2016 to 2021 (quarter 3), and using multiple regression analysis.The research' findings reveal that the company's liquidity, leverage, and amount of activity have only a little impact on its economic performance. Simultaneously, liquidity, leverage, or activity level have no impact on a company's economic performance. While the coefficient of determination is 2.5 percent, it shows the extent of the effect of liquidity, leverage, and the amount of corporate activity in determining the economic profitability of PT Indika Energy, Tbk.Keywords : Liquidity, leverage, activity level and company's economic profitability.
The Influence Of Company Size, Liquidity, Profitability On The Issue Of Going Concern Audit Opinions On Mining Companies Listed On The Indonesia Stock Exchange Year 2017-2020 Situmorang, Humala; Carolina F. Sembiring; Emerald G. M Tobing
Fundamental Management Journal Vol. 7 No. 2 (2022): ISSN: 2540-9816 (print) 2540-9220 (online) Volume:7 No.2 Oktober 2022
Publisher : Universitas Kristen Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.33541/fjm.v7i2.4272

Abstract

This study is a study that discusses the factors that influence the issuance of Going Concern Audit Opinions in mining organizations listed on the IDX from 2017-2020. The problem to be studied is the extent to which company size, liquidity and profitability affect the assessment of the business continuity review in the organization. This will be done for one semester, especially in the even semester of the 2021/2022 academic year. The research technique used is special multiple regression such as binary multiple regression using logistic, which is an analytical tool to test the effect of two or more independent variables on the dependent variable using quantitative and categorical data. The results of this study it was found that company size and profitability affect the going concern audit opinion, while liquidity does not affect the going concern audit opinion.Key words: Going Concern Audit Opinion, Company Size, Liquidity, Profitability
Co-Authors Carolina F. Sembiring Emerald G. M Tobing F. Sembiring, Carolina Irene, Patricia Lumbantoruan, Rutman Melinda Malau Posma Sariguna Johnson Kennedy Simanjuntak, Cristin Tobing, Suzanna Josephine L.