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PENGARUH FAKTOR KINERJA KEUANGAN PERUSAHAAN DAN FAKTOR EKONOMI MAKRO TERHADAP KINERJA PASAR SAHAM PADA JAKARTA ISLAMIC INDEX (JII) Prana, Indra
Aksara Public Vol 2 No 4 (2018): Desember (2018)
Publisher : EDUTECH CONSULTANT

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Abstract

Investment analysis is very important for investor to make sure that their investment will get return as their expected. Macro economics, industry and company performance are the factors that investor need to observe. The objective of the research was to know the causal relationship of company’s financial performance factors and macro economic factors to Jakarta Islamic Index stock market performance period 2006-2008. This research uses return on equity ratio, current ratio and debt to equity ratio as company’s financial performance factors. Consumer price index or inflation and foreign exchange (USD) used as the macro economic factors. Stocks return used as Stocks market performance indicators. All of these factors and indicator are useful in investment horizon. Multi regression was used to analyze the hypotheses. The result of the research shows that: Company’s financial performance factors and macro economic factors influence stocks return simultaneously. Partially, only debt to equity ratio, inflation and foreign exchange influence the stocks return.
SPRINGATE S-SCORE MODEL ANALYSIS BEFORE CORPORATE MERGER AND ACQUISITION: A STRATEGY EXECUTION FOR PT. WASKITA KARYA, TBK Sazly, Syukron; Erri, Dirgahayu; Prana, Indra; Dewi, Intan Kusuma
Jurnal Comparative: Ekonomi dan Bisnis Vol 6, No 2 (2024): May
Publisher : Univesitas Muhammadiyah Tangerang

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.31000/combis.v6i2.11432

Abstract

 Financial distress is a situation that leaders and owners of firms want to evade, as it is a precursor to insolvency. This study employed financial ratio data and S-Score values to analyze the financial state of PT.Waskita Karya Tbk from 2019 to 2023. The data demonstrate a notable deterioration in the company's performance throughout that timeframe, with financial challenges commencing in 2019 and intensifying until 2023. The escalating likelihood of bankruptcy is linked to a decline in financial parameters such as efficiency, leverage, liquidity, and profitability, as well as a reduced S-Score. Suggested actions including reassessing the financial strategy, adopting improved debt control measures, formulating a plan for financial recuperation, partnering with financial specialists, and strengthening financial supervision and performance tracking, then merger and acquition with other Stated Owned  Enterprises with  excellent financial performance such as PT. Hutama Karya could an alternative salvation strategy . By applying these suggestions, organizations are anticipated to enhance their financial situation and mitigate the likelihood of bankruptcy in the future.
PT.GARUDA INDONESIA AIRWAYS (TBK) REVIVAL: A STRATEGIC DEBT RESTRUCTURING AND BUSINESS TRANSFORMATION AGAINST BANKRUPTCY Sazly, Syukron; Erri, Dirgahayu; Prana, Indra; Dewi, Intan Kusuma
Dynamic Management Journal Vol 8, No 4 (2024): October
Publisher : Universitas Muhammadiyah Tangerang

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.31000/dmj.v8i4.12727

Abstract

This study aims to examine the financial challenges faced by PT Garuda Indonesia (Tbk) between 2021 and 2023, focusing on its efforts in debt restructuring and business transformation, as well as the impact of these initiatives on its financial recovery. Using a descriptive research approach, the study analyzes quantitative data, including the Springate S-Score model, which assesses bankruptcy risk by evaluating key financial ratios. The findings show that Garuda experienced severe financial distress in 2021, reflected in a significantly low Springate S-Score, indicating a high likelihood of bankruptcy. Although there was a brief recovery in 2022, the score dropped again in 2023, signaling continued financial risks primarily due to high debt levels and operational inefficiencies. The research identifies that the airline's issues stemmed from excessive leasing costs, poor financial oversight, and the impact of the COVID-19 pandemic on air travel. While debt restructuring and business transformation efforts, including streamlining operations and expanding revenue sources, showed positive outcomes, the Springate S-Score still highlights the company's vulnerability. The Springate S-Score and relevant financial ratios for PT Garuda Indonesia from 2019 to 2024, with all years classified under "Financial Distress." The ratios (A, B, C, and D) represent key financial metrics, and the S-Score (Z) is used to evaluate the company's bankruptcy risk. To improve its financial standing and Springate S-Score, recommendations include intensifying debt restructuring efforts by negotiating better terms with creditors, exploring alternative financing options like equity issuance or bond offerings, and leveraging government support to enhance liquidity. Additionally, accelerating digital transformation, improving operational efficiencies, and fostering customer loyalty through tailored services are critical for long-term sustainability. Regular performance reviews and transparent communication with stakeholders will be key to rebuilding trust and securing the company’s future. 
EXPLORING THE INTERSECTION OF FINANCIAL DISTRESS, MARKET DIVERSIFICATION FAILURES, AND RISKY FINANCING: A CASE STUDY OF PT SRITEX’S DECLINE Prana, Indra; Erri, Dirgahayu; Tambunan, Diana; Dewi, Intan Kusuma
Dynamic Management Journal Vol 9, No 2 (2025): April
Publisher : Universitas Muhammadiyah Tangerang

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.31000/dmj.v9i2.13823

Abstract

This study analyzed financial distress prevention efforts at PT Sritex using three prediction models: Springate S-Score, Zeta Score, and Discriminant Analysis. The results show the company is in a high-risk condition based on all three models. The Springate S-Score (0.78 < 1.0) indicates operational inefficiencies, the Zeta Score (1.5 < 1.81) indicates a risk of short-term bankruptcy, and the Discriminant Score (0.45 < 1.0) reflects financial instability. The analysis concluded that this condition could be prevented through strategic measures, including cost efficiency, debt restructuring, market diversification, and strengthening governance. Springate emphasizes working capital improvements, Zeta Score points to optimizing debt structures, while Discriminant Analysis suggests improving financial ratios. These findings form the basis for recommendations for management to improve transparency and risk management to mitigate bankruptcy. The research makes a practical contribution to stakeholders in developing evidence-based financial recovery strategies.
PENGARUH KUALITAS PELAYANAN TERHADAP KEPUASAN PELANGGAN DI PT LINTAS TIMUR SEJAHTERA JAKARTA UTARA Irawan, Roy; Wijaya, Darma; Dewi, Intan Kusuma; Prana, Indra; Marti, Natasya
Akrab Juara : Jurnal Ilmu-ilmu Sosial Vol. 4 No. 2 (2019)
Publisher : Yayasan Azam Kemajuan Rantau Anak Bengkalis

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Abstract

Service quality is closely related to customer satisfaction. Customer satisfaction can be achieved if customers get services that are in line with what is needed and expected. PT Lintas Timur Sejahtera North Jakarta is a company engaged in freight forwarding services. To maintain and increase customer satisfaction every item is sent immediately so that it is timely to the destination for customer satisfaction. Thus the expected service quality that has been given has an effect on increasing customer satisfaction. To determine the effect of service quality on customer satisfaction at PT Lintas Timur Sejahtera, North Jakarta, the authors conducted a Quantitative method. How to get Observation, Interview, Questionnaire data with valid and reliable conditions and Documentation Study. Based on the results of the Correlation Coefficient Test between the Quality of Service and Customer Satisfaction gives a coefficient of 0.831 it can be concluded that the relationship between Service Quality and Customer Satisfaction is very strong. Based on the results of the Determination Coefficient, the percentage of contribution to the influence of Service Quality variable on Customer Satisfaction 69%. Based on the Regression Equation Test obtained by value t count> t table (7,907> 2,048) and significance <0,05 (0,000 <0,05), it can be concluded that Service Quality influences Customer Satisfaction.
ANALISA TINJAUAN PELAKSANAAN ADMINISTRASI PENJUALAN PRODUK FORMALIN PADA PT GOCHEM GLOBALINDO JAKARTA BARAT Irawan, Roy; Anggraini, Ningsih; Dewi, Intan Kusuma; Prana, Indra; Wijaya, Darma
Akrab Juara : Jurnal Ilmu-ilmu Sosial Vol. 5 No. 4 (2020)
Publisher : Yayasan Azam Kemajuan Rantau Anak Bengkalis

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Abstract

Penjualan produk merupakan aspek utama suatu perusahaan pada PT. Gochem Globalindo Jakarta Barat. Tujuan penelitian ini untuk mengetahui lebih jelas bagaimana pelaksanaan administrasi penjualan produk pada PT. Gochem Globalindo. Pengamatan ini menggunakan analisis deskriptif kualitatif, untuk memperoleh gambaran secara sistematis mengenai fakta-fakta yang ada dengan diikuti teori-teori yang mendukung dan dapat dipertanggungjawabkan kebenaranya. Setiap perusahaan memerlukan peran seorang administrasi perusahaan, seorang administrasi memiliki kegiatan tulis menulis, mengirim dan menyimpan keterangan pada setiap transaksi agar kegiatan penjualan produk dapat berjalan dengan baik dan efektif. Penelitian ini adalah observasi, wawancara dan dokumentasi. Adapun hasil penelitihan menunjukkan bahwa pelaksanaan penjualan pada PT. Gochem Globalindo berjalan dengan sangat baik. Perusahaan juga memeberikan data produk kepada staf kantor secara lengkap yang bertujuan untuk mempermudah khususnya seorang administrasi dalam mendata setiap penjualan produk
Pelatihan Internet Sebagai Media Informasi dan Komunikasi Untuk Santri Pada Pondok Pesantren Daarul Hasanah Bogor Irawan, Roy; Wijaya, Darma; Prana, Indra; Dewi, Intan Kusuma
Abditeknika Jurnal Pengabdian Masyarakat Vol. 1 No. 2 (2021): Oktober 2021
Publisher : LPPM Universitas Bina Sarana Informatika

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.31294/abditeknika.v1i2.633

Abstract

Kegiatan pengabdian masyarakat ini mengambil tema pelatihan internet sebagai media informasi dan komunikasi  untuk santri pada Pondok Pesantren Daarul Hasanah Bogor,   pelaksanaan dilakukan secara virtual  melalui Zoom Meating  dengan peserta santri di Pondok Pesantren Darul Hasanah yang berlokasi di jl abdul fatah , kampung Babagan Rt 22/5, desa cinangneng Kec Tenjolaya Bogor Barat .Materi yang disampaikan meliputi penggunaan internet sebagai media informasi dan pengetahuan . permasalahan prioritas yang ada pada mitra Pondok Pesantren Daarul Hasanah meliputi Sulitnya mengakses jaringan internet untuk pendidkan pesantren dan untuk mendapatkan informasi pengetahuan dan komunikasi, Sarana dan prasarana pendukung yang terbatas di pondok pesantren, ketersediaan listrik dalam proses  pembelajaran santri di pondok pesantren, Pengetahuan teknis ustadz  tentang penggunaan teknologi informasi dan komunikasi yang terbatas. Metode pelaksanaan yang ditempuh untuk mengatasi permasalahan penggunaan internet pada pondok pesantren darul hasanah yaitu pendidikan masyarakat dengan melakukan observasi dan pemberian koesioner.Di akhir kegiatan pengabdian masyarakat tersebut kami melakukan evaluasi dengan cara memberikan koesioner dengan responden kurang lebih  20  orang untuk melihat presentase tingkat kepuasan peserta ( santri dan ustadz ) selama mengikuti kegiatan pengabdian masyarakat serta untuk mengukur secara kuantitatif presentase pengaruh dan dampak yang ditimbulkan setelah selesai mengikuti pelaksanaan kegiatan tersebut.Setelah proses evaluasi, kami akan melihat reaksi dan responsif dari peserta serta selalu memonitoring proses pembelajaran pada pondok pesantren darul hasanah. target luaran dari kegiatan pengabdian masyarakat ini berupa Pengetahuannya meningkat, Keterampilannya meningkat, pelayanannya meningkat.