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Financial Distress Prediction Analysis at PT Garuda Indonesia Tbk for 2020-2023 Using the Grover, Taffler and Springate Methods Hasanah, Fayza Safira; Hasanah, Ananda Putri; Budianto, Erwin
International Journal of Business, Economics, and Social Development Vol. 6 No. 2 (2025)
Publisher : Rescollacom (Research Collaborations Community)

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.46336/ijbesd.v6i2.891

Abstract

This study aims to evaluate the potential financial distress of PT Garuda Indonesia Tbk during the period 2020-2023 using three prediction models: Grover, Taffler, and Springate. Financial distress is an early sign of financial instability that can lead to bankruptcy, so it is important to analyze it to prevent greater risks. This study uses a quantitative descriptive method with secondary data from the company's financial statements. The results of the analysis show that although Garuda Indonesia's financial condition improved in 2021 and 2022, financial stress returned in 2023. The Grover model is more sensitive in identifying financial distress, while the Taffler method tends to be optimistic, and Springate shows more variable results. Based on these findings, companies need to implement more effective financial strategies to maintain their stability and reduce the risk of bankruptcy.
The Impact of Current Ratio, Inventory Turnover, on Return on Assets In Listed Mining Sector Companies on IDX In 2019-2022 Dwi Putri, Novi; Fathurahman , Miftah Alfarid; Hartianti , Astri; Budianto, Erwin
Journal Research of Social Science, Economics, and Management Vol. 3 No. 11 (2024): Journal Research of Social Science, Economics, and Management
Publisher : Publikasi Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.59141/jrssem.v3i11.658

Abstract

The mining sector in Indonesia is one of the fastest growing sectors and contributes significantly to the national economy. One of the important financial performance indicators for mining companies is Return On Assets (ROA). This study aims to analyze the effect of Current Ratio and Inventory Turnover on ROA in mining sector companies listed on the Indonesia Stock Exchange in 2019-2022. This research uses secondary data obtained from the financial statements of mining companies listed on the Indonesia Stock Exchange for 2019-2022. The data analysis technique used is multiple linear regression. The results showed that Current Ratio did not have a significant influence on ROA, while Inventory Turnover had a positive and significant influence on ROA. This means that the higher the Inventory Turnover, the higher the company's ROA. This study found that Inventory Turnover is a factor that affects ROA in mining sector companies listed on the Indonesia Stock Exchange in 2019-2022. Therefore, mining companies need to improve the efficiency of their inventory management to increase ROA.
Pemberdayaan Ekonomi Perempuan Berbasis UMKM Melalui Konsep Membangun Learning Community Activity Center Kelompok Wanita Tani (KWT) Desa Belawa Kecamatan Lemahabang Kab.Cirebon Suzana, Anna; Ferdianto, Ferry; Budianto, Erwin; Fadilah, Muhamad Kahfi; Triana, Sabrina Dinda
Jurnal Pintar Abdimas Vol 2 No 2 (2022): Volume 2 Nomor 2 Tahun 2022
Publisher : Lembaga Pengabdian Masyarakat Universitas Swadaya Gunung Jati

Show Abstract | Download Original | Original Source | Check in Google Scholar

Abstract

Di Indonesia, peranan perempuan dalam perekonomian semakin hari semakin signifikan. Belawa adalah desa di kecamatan Lemahabang, Cirebon, Jawa Barat, Indonesia. Desa Belawa ini memiliki komunitas wanita selain PKK (Pemberdayaan dan Kesejahteraan Keluarga), yaitu KWT (Kelompok Wanita Tani) yang terdiri dari wanita- wanita petani atau isteri petani. konsep pemberdayaan oleh tim dosen Universitas Swadaya Gunungjati Cirebon (UGJ) pemberdayaan perempuan dan komunitas perempuan berbasis UMKM dalam meningkatan minat usaha keluarga. Kegiatan ini bertujuan untuk memberdayakan ekonomi perempuan anggota KWT melalui pembangunan learning community activity center yang dapat meningkatkan keterampilan kewirausahaan, pemanfaatan media sosial, dan pengembangan produk berbasis UMKM. Metode dan tahapan dalam pelaksanaan Program PKM pemberdayaan ekonomi perempuan berbasis umkm dilakukan dengan cara : pendekatan partisipatif (Partisipatory Approach)dan pemberdayaan Masyarakat (Empowerment Approach). Kesimpulan penelitian ini yaitu berhasil meningkatkan partisipasi dan kesadaran anggota KWT tentang pentingnya pembelajaran berkelanjutan dalam pengembangan usaha.