Claim Missing Document
Check
Articles

Found 2 Documents
Search
Journal : Indonesian Journal of Multidisciplinary Science

Analyzing financial performance of resort and hotel subsector: A case study at Saung Dolken Gibraltar, Muhammad Rais; Hermanto, Hermanto; Bandono, Bayu
Indonesian Journal of Multidisciplinary Science Vol. 3 No. 4 (2024): Indonesian Journal of Multidisciplinary Science
Publisher : International Journal Labs

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.55324/ijoms.v3i4.810

Abstract

The COVID-19 pandemic has significantly disrupted the stability of global economic flows and threatened the business of companies in the world. The purpose of this study is to analyze the existing condition of the financial performance of Saung Dolken Resort and Hotel for the period 2018 to 2022 and benchmarking with the hotel sub-sector industry, analyze the level of potential bankruptcy (financial distress) of SDO in Indonesia during the Covid-19 period, and formulate a financial performance model. This study aims to find out what factors affect SDO's financial performance which is proxied with return on equity (ROE) based on independent variables from the Dupont analysis components, namely: ATO: asset turnover ratio, LEV: financial leverage, TaxB: tax burden, IntB: interest burden, OPM : operating profit margin, and EM : Equity Multiplier (EM) Adjustment. The study examines Saung Dolken Resort and Hotel's financial performance from 2018-2022 using descriptive analysis and Du Pont Analysis, identifying strengths and weaknesses for investors. The results show that the period before and during the co-incidence period showed a significant decrease in ROE caused by a decrease in ATO, Asset Turnover, and LEV, followed by an increase in TaxB and intB. The strategy includes profit margin optimization, asset turnover improvement, and equity multiplier adjustment.
The analysis of the performance of LQ45 issuers on IDX during the COVID-19 pandemic Zulfa, Luthfia; Azam, Noer Azam; Bandono, Bayu
Indonesian Journal of Multidisciplinary Science Vol. 3 No. 9 (2024): Indonesian Journal of Multidisciplinary Science
Publisher : International Journal Labs

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.55324/ijoms.v3i9.875

Abstract

The objective of this study is to examine the factors that have influenced the performance of Indonesian companies listed in the Indonesia Stock Exchange's LQ45 stock index during the COVID-19 pandemic, spanning the period from 2017 to 2022. The study is divided into two main periods: the period preceding the pandemic (2017-2019) and the period following the pandemic (2020-2022). The coefficient of determination (R²) is employed to ascertain the extent to which independent variables, including liquidity, leverage, profitability, activity, managerial ownership, institutional ownership, company size, and company age, can explain variations in the dependent variable, namely company performance. The results demonstrate that leverage has a significant negative impact on company performance, whereas managerial ownership does not affect both groups. Conversely, institutional ownership exerts a positive and significant influence on firm performance. This study offers insights into the factors that can be regulated or monitored to maintain the company's stability and growth. Additionally, it enhances knowledge of firms' ability to survive in challenging economic conditions and provides implications for regulators and investors.