Garuda - Garba Rujukan Digital

PENGARUH MARKET VALUE ADDED, RETURN ON ASSETSDAN RETURN ON EQUITY TERHADAP HARGA SAHAM PADA PERUSAHAAN PROPERTY DAN REAL ESTATE YANGTERDAFTARDI BURSA EFEK INDONESIA PERIODE 2013 â€“ 2017 Maiyaliza, Maiyaliza
Jurnal Ilmu Keuangan dan Perbankan (JIKA) Vol 8 No 2: Juni 2019
Publisher : Program Studi Keuangan & Perbankan, Fakultas Ekonomi dan Bisnis, Universitas Komputer Indonesia

This study aims to analyze the effect of Market Value Added, Return On Assets and Return On Equity on stock prices. The research object of property and real estate companies is 48 companies. Based on the purposive sampling method, a sample of 15 companies was obtained. The research method uses the classic assumption test and multiple linear analysis. The results of the study show that (1) Market Value Added has an effect on stock prices, because if the company has a higher stock market value than book value it is considered capable of creating wealth for shareholders. (2) Return On Asset does not affect stock prices, because the research sample has a low Return On Asset value, which is caused by a less significant increase in profit compared to an increase in assets. (3) Return On Equity does not affect stock prices, because if the company manages capital well then it can generate profits.

PENGARUH TOTAL ASSET TURN OVER (TATO) DAN EARNING PER SHARE (EPS) TERHADAP RETURN SAHAM PADA PERUSAHAAN FOOD AND BEVERAGE YANG TERDAFTAR DI BEI PERIODE 2012-2016 Maiyaliza, Maiyaliza
Jurnal Ilmu Keuangan dan Perbankan (JIKA) Vol 7 No 1: Desember 2017
Publisher : Program Studi Keuangan & Perbankan, Fakultas Ekonomi dan Bisnis, Universitas Komputer Indonesia

This research aims to determine the effect of each a Total Asset Turn Over (TATO) and Earning Per Share (EPS) of the Stock Return on Food and Beverage companies registered in the Indonesian Stock Exchange (BEI) in the period 2012-2016. This research was conducted using secondary data. Sample selection technique used is purposive sampling technique, from 14 companies only taken eight companies that match the criteria used. The analytical method used is simple linear regression analysis and multiple linear regression analysis. The results of this study have fulfilled classical assumption test. This research also used hypothesis test the are partial test and simultaneous test. Data were analyzed using SPSS 23:00 for windows. From the regression results indicate that the Total Asset Turn Over (TATO) and Earning Per Share (EPS) respectively no significant effect on Stock Return and jointly Total Asset Turn Over ( TATO ) and Earning Per Share ( EPS ) respectively no significant effect on Stock Return . Keywords : Total Asset Turn Over, earning Per Share, Stock Return

The Analysis of Profitability Financial Ratios at Company Engaged in Property Development and Management Parlina*, Nurhana Dhea; Maiyaliza, Maiyaliza
Jurnal Ilmu Keuangan dan Perbankan (JIKA) Vol 12 No 2: Juni 2023
Publisher : Program Studi Keuangan & Perbankan, Fakultas Ekonomi dan Bisnis, Universitas Komputer Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.34010/jika.v12i2.9696

This study aims to determine and analyze the performance of a company using profitability financial ratios in companies engaged in the development and management of public property for the 2016-2020 period. The method used is descriptive statistical analysis because it is a sample description and does not intend to make conclusions. The results of the analysis of company performance using a ratio show that the Profitability Ratio shows results that are very far from standard and have poor performance using Net profit margin, Return on assets, Gross Profit Margin, Return on Investment, Return on Net Worth, and Operating Margin (OPM). Analysis of the profitability ratios shows that the company's performance tends to be poor because the resulting ratio value is below the industry average for two years and reduced profits in 2019. Keywords: NPM; GPM; ROI; RNW; OPM Abstrak Penelitian ini bertujuan untuk mengetahui dan menganalisis kinerja sebuah perusahaan dengan menggunakan rasio keuangan profitabilitas pada Perusahaan bergerak di bidang pengembangan dan pengelolaan property Tbk Periode 2016-2020. Metode yang digunakan analisis statistik deskripsi karena merupakan penggambaran sampel dan tidak berniatan untuk membuat kesimpulan. Hasil analisis kinerja perusahaan dengan menggunakan sebuah rasio menunjukan Rasio Profitabilitas menunjukkan hasil yang sangat jauh dari standar dan memiliki kinerja yang kurang baik dengan menggunakan Net profit margin, Return on asset, Gross Profit Margin, Return on Investment, Rerurn on Net Worth, dan Operating Margin (OPM). Analisis rasio profitabilitas menunjukan kinerja perusahaan cenderung kurang baik karena nilai rasio yang dihasilkan dibawah rata-rata industri selama dua tahun dan berkurang keuntungan di tahun 2019. Kata Kunci: NPM; GPM; ROI; RNW; OPM

IPO Underpricing Analysis: Underwriter Reputation as A Moderating Variable Dwi Perkasa, Agustyan; Maiyaliza, Maiyaliza
Journal of Business and Management Review Vol. 5 No. 5 (2024): (Issue-May)
Publisher : Profesional Muda Cendekia Publishing

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.47153/jbmr55.9602024

Research Aims: This study investigates the impact of company qualities and financial performance on underpricing (initial return) in firms undergoing initial public offerings from 2020 to 2023, with underwriter reputation moderating in this relationship. Design/methodology/approach: The study employed purposive sampling as the sampling strategy. The analysis technique used in this research is to use SEM (Structural Equation Modeling) analysis. Research Findings: The study's findings suggest that profitability and finance leverage have a detrimental impact on underpricing. Company Size and Company Age have no impact on Underpricing. Underwriter reputation can influence the impact of Return On Assets on Underpricing, but it does not affect the impact of Age, Size, and Equity Ratio of the Company on Underpricing. Firm size, age, return on assets, debt-to-equity ratio, and underwriter reputation are the variables that lead to underpricing. Theoretical Contribution/Originality: This study examines how underwriter reputation influences initial return and other parameters, including the debt-to-equity ratio, company age, organisation size, and return on assets. Prior studies used underwriter repute as an independent variable. This study's implications pertain to the initial market bidding activities of companies preparing to go public and other stakeholders interested in investigating factors affecting initial return. These stakeholders include potential investors considering the initial public offering, companies planning to go public, and researchers conducting further studies on this subject.

The Effect of NPM, CR, and TATO on Stock Prices with ROA as an Intervening Variable at PT Unilever Indonesia Tbk for the Period 2019-2023 Syifa, Hanindhita Nurfhia; Apriyanti, Apriyanti; Maiyaliza, Maiyaliza
International Journal of Business, Economics, and Social Development Vol 6, No 3 (2025)
Publisher : Research Collaboration Community (RCC)

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.46336/ijbesd.v6i3.934

PT Unilever Indonesia Tbk (UNVR) is one of the leading business entities in the Indonesian FMCG sector that has been operating since 1933. Although the FMCG sector is growing, UNVR is facing a decline in financial performance in 2019–2023, marked by a net profit that fell from IDR 5.36 trillion (2022) to IDR 4.8 trillion (2023) and stock price fluctuations between IDR 3,530 –IDR 8,400. The main factors affecting the company's performance include the instability of raw material prices, the level of competition in a tight market, and the transformation of consumer behavior. This study aims to analyze the effect of Net Profit Margin (NPM), Current Ratio (CR), and Total Asset Turnover (TATO) on UNVR's stock price, with Return on Assets (ROA) as an intervening variable. The method applied is quantitative through an associative approach, using secondary data from the company's financial statements for the period 2019–2023. The results of the analysis show that the average of NPM reached 0.1478, CR 0.6176, TATO 2.1625, and ROA decreased from 35.80% (2019) to 29.23% (2022). Normality and multicollinearity tests indicate that the regression model meets statistical assumptions. Path analysis with two models (Model 1 without intervening variables and Model 2 with ROA as an intervening variable) proves that Model 2 provides a more comprehensive understanding of the relationship between variables. Although Model 1 has high predictive power, Model 2 explains in more detail the mechanism of the influence of independent variables on stock prices with the mediating role of ROA. This finding indicates that investors are more interested in investing in entities with good profitability, stable liquidity, high asset utilization efficiency, and solid profitability performance, all of which are reflected in ROA. The decline in profit and ROA contributed to stock price fluctuations, influenced by inflation of 5.51% (2022) and e-commerce growth of 2.75% (2023). Based on these results, UNVR needs to improve operational efficiency and digital strategy to improve profitability and market valuation.

Analysis of Current Ratio and Debt to Equity Ratio on Return On Assets with Company Size as a Moderating Variable Mardiyani, Mardiyani; Maiyaliza, Maiyaliza; Hidayat, Rahmat Rian; Pramudya, Muhammad Dwika
IJEBD (International Journal of Entrepreneurship and Business Development) Vol 8 No 2 (2025): March 2025
Publisher : LPPM of NAROTAMA UNIVERSITY

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.29138/ijebd.v8i2.3226

Objective: This study’s aim is to do an analysis on the effect of current ratio along with debt to equity ratio on return on assets in the property and real estate sub-sector that is on Indonesia Stock Exchange’s (IDX) list during 2020-2023, with the moderating variable being company size. Design/Methodology/Approach: Quantitative research methods were implemented for this study, with a causal associative approach. Moderated Regression Analysis (MRA) was applied as the technique for data analysis, with Eviews statistical software utilized. Findings: The findings revealed that current ratio as well as debt to equity ratio impact return on assets significantly. This means that an increased liquidity, along with the proportion of debt can reduce the efficiency and profitability of the company. Company size strengthens the effect by functioning as a moderating variable. Research Implications: This research only focuses on the real estate and property sub-sector that is on IDX’s list during 2020-2023. Therefore, this study’s results may not be generalizable to different sectors or periods. Practical Implications: Investors and company management can use this study’s results as a basis for financial decision-making, particularly in managing liquidity as well as leverage for increased profitability. Originality/Value: New insights are provided by this study into company size’s role as the moderating variable for the relationship between leverage, liquidity, along with profitability, especially in the real estate and property sector. Types of Papers: Research paper.

The Effect of NPM, CR, and TATO on Stock Prices with ROA as an Intervening Variable at PT Unilever Indonesia Tbk for the Period 2019-2023 Syifa, Hanindhita Nurfhia; Apriyanti, Apriyanti; Maiyaliza, Maiyaliza
International Journal of Business, Economics, and Social Development Vol. 6 No. 3 (2025)
Publisher : Research Collaboration Community (RCC)

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.46336/ijbesd.v6i3.934

PT Unilever Indonesia Tbk (UNVR) is one of the leading business entities in the Indonesian FMCG sector that has been operating since 1933. Although the FMCG sector is growing, UNVR is facing a decline in financial performance in 2019–2023, marked by a net profit that fell from IDR 5.36 trillion (2022) to IDR 4.8 trillion (2023) and stock price fluctuations between IDR 3,530 –IDR 8,400. The main factors affecting the company's performance include the instability of raw material prices, the level of competition in a tight market, and the transformation of consumer behavior. This study aims to analyze the effect of Net Profit Margin (NPM), Current Ratio (CR), and Total Asset Turnover (TATO) on UNVR's stock price, with Return on Assets (ROA) as an intervening variable. The method applied is quantitative through an associative approach, using secondary data from the company's financial statements for the period 2019–2023. The results of the analysis show that the average of NPM reached 0.1478, CR 0.6176, TATO 2.1625, and ROA decreased from 35.80% (2019) to 29.23% (2022). Normality and multicollinearity tests indicate that the regression model meets statistical assumptions. Path analysis with two models (Model 1 without intervening variables and Model 2 with ROA as an intervening variable) proves that Model 2 provides a more comprehensive understanding of the relationship between variables. Although Model 1 has high predictive power, Model 2 explains in more detail the mechanism of the influence of independent variables on stock prices with the mediating role of ROA. This finding indicates that investors are more interested in investing in entities with good profitability, stable liquidity, high asset utilization efficiency, and solid profitability performance, all of which are reflected in ROA. The decline in profit and ROA contributed to stock price fluctuations, influenced by inflation of 5.51% (2022) and e-commerce growth of 2.75% (2023). Based on these results, UNVR needs to improve operational efficiency and digital strategy to improve profitability and market valuation.

Financial literacy and economic uncertainty: impact on sme financial performance in cirebon regency Maulana, Hilman; Yuniarto, Rival Fahara; Maiyaliza, Maiyaliza
Jurnal Mantik Vol. 9 No. 2 (2025): August: Manajemen, Teknologi Informatika dan Komunikasi (Mantik)
Publisher : Institute of Computer Science (IOCS)

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.35335/mantik.v8i6.6468

Economic uncertainty is a major challenge for Small and Medium Enterprises (SMEs) in maintaining financial stability and business sustainability. This study aims to analyze the impact of economic uncertainty on the financial performance of SMEs in Cirebon Regency and assess the role of financial literacy in moderating the relationship. A quantitative method was used in this study with a data collection technique through a questionnaire distributed to 100 SME owners. Data analysis was carried out using descriptive statistics and multiple linear regression with the help of SPSS software. The results show that economic uncertainty has a negative and significant effect on the financial performance of SMEs, with a regression coefficient value of -0.376 (p = 0.000). Meanwhile, financial literacy has a positive influence on the financial performance of SMEs, with a regression coefficient of 0.482 (p = 0.000). The regression model used explains the 37.5% variation in SME financial performance, which shows that other factors also contribute to SME financial performance. Thus, this study confirms that increasing financial literacy can be an effective mitigation strategy for SMEs in the face of economic uncertainty. The implications of this study lead to the importance of financial education for SME owners to improve their ability to manage their finances and anticipate unexpected economic changes. In addition, this study also provides recommendations for the government and financial institutions to develop training programs and access to more flexible financing for SMEs so that they are more resilient in facing economic challenges.

FINANCIAL DISTRESS ANALYSIS AND COMPARISON OF ALTMAN Z-SCORE, SPRINGATE, AND GROVER MODELS AT PT SRITEX FOR THE PERIOD 2019-2023 Anisah, Dede Ayu; Delilah, Laura Natasha; Maiyaliza, Maiyaliza
Journal of Management Small and Medium Enterprises (SMEs) Vol 18 No 2 (2025): JOURNAL OF MANAGEMENT Small and Medium Enterprises (SME's)
Publisher : Universitas Nusa Cendana

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.35508/jom.v18i2.21263

This study looks at how well of the Grover models, Springate, and Altman Z-Score in forecasting financial distress at PT Sritex and how useful they are in the Indonesian textile industry. The approach that was taken was descriptive quantitative, and it made employment of supplementary data from the IDX website from the perspective of financial accounts for the years 2019–2023. The Altman Z-Score model's 0% accuracy indicates its inefficiency, in contrast, the Springate and Grover models both have an accuracy of forty percent. Despite the fact that the most recent two models provide a more realistic representation of the company's current financial status, the prediction error rate is still substantial (type error 60%). This shows that the Altman Z-Score is less reliable, while Springate and Grover are more accurate, although still limited. Therefore, it is not recommended to rely on only one model in assessing a company's financial risk. This research also opens up opportunities for further studies with a wider range of industries to obtain more comprehensive and accurate results. Keywords: Financial distress, Grover, Springate, Altman Z-Score

Controlling variable indirect WCTO as the mediating variable against ROE Parlina, Nurhana Dhea; Maiyaliza, Maiyaliza; Budianto, Erwin
Jurnal Ilmu Keuangan dan Perbankan (JIKA) Vol. 14 No. 2: Juni 2025
Publisher : Program Studi Keuangan & Perbankan, Fakultas Ekonomi dan Bisnis, Universitas Komputer Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.34010/jika.v14i2.15975

This study aims to examine the direct and indirect effect of current ratio and working capital turn over (WCTO) dan return on Equity (ROE), with WCTO serving as a mediating variable , pharmaceutical sub sector company list on the Indonesia Stock Exchange (IDX) during the 2019-2023 period. The Research adopts a quantitative approach using secondary data in the form on annual financial statements. The sample was selected using purposive sampling resulting in 40 data point from 8 companies. The analytical method use is path analysis support by 25 software. During the observation method, average sales in pharmaceutical sub sector industry show a declining tren leading to decrease in both profit and working capital. However data also indicate the beginning of the new growth in this sector. Therefore this study was conducted in the response to these on emerging patterns. The result show that WCTO has significant indirect effect on ROE while the current ratio doesnot have a direct impact on ROE Keywords: Path Analysis; CR; WCTO; ROE; Finance

Title

Found 13 Documents
Search

Abstract

Abstract

Abstract

Abstract

Abstract

Abstract

Abstract

Abstract

Abstract

Abstract

Title Search

Found 13 Documents Search

Abstract

Abstract

Abstract

Abstract

Abstract

Abstract

Abstract

Abstract

Abstract

Abstract

Title

Found 13 Documents
Search