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PENGARUH LIKUIDITAS DAN LEVERAGE TERHADAP PROFITABILITAS PADA PERUSAHAAN SEKTOR MAKANAN DAN MINUMAN YANG TERDAFTAR DI BURSA EFEK INDONESIA PERIODE 2022-2025 Elvina Widya Sari; Apriya Santi; Siti Mardah
Jurnal Nusa Manajemen Vol. 3 No. 2 (2026): Jurnal Nusa Manajemen Volume 3 Nomor 2 Juli Tahun 2026
Publisher : Publika Citra Media

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.62237/jnm.v3i2.428

Abstract

This study aims to determine the effect of: (1) liquidity on company profitability (2) leverage on company profitability (3) liquidity and leverage simultaneously on profitability in food and beverage companies listed on the Indonesia Stock Exchange for the 2022–2025 period. This study uses a quantitative approach with secondary data in the form of company annual financial reports. The population consists of 83 food and beverage companies listed on the IDX. Through purposive sampling, 40 sample companies were obtained, with a total of 121 observations after removing outliers. The independent variables were measured using the Current Ratio (CR) for liquidity and the Debt to Equity Ratio (DER) for leverage. The dependent variable was measured using Return on Assets (ROA) for profitability. Data analysis used multiple linear regression with SPSS version 27. The results show that: (1) Liquidity has a positive and significant effect on profitability (2) Leverage has a negative and significant effect on profitability (3) Liquidity and Leverage simultaneously have a significant effect on profitability.
PENGARUH PROFITABILITAS DAN LEVERAGE TERHADAP NILAI PERUSAHAAN PADA PERUSAHAAN SEKTOR CONSUMER GOODS YANG TERDAFTAR DI BURSA EFEK INDONESIA PERIODE 2023-2025 Muhammad Zaini Bakri; Apriya Shanti; Siti Mardah
JURNAL RUMPUN MANAJEMEN DAN EKONOMI Vol. 3 No. 4 (2026): Juli
Publisher : CV. KAMPUS AKADEMIK PUBLISHING

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.61722/jrme.v3i4.11707

Abstract

Penelitian ini bertujuan untuk menguji pengaruh profitabilitas dan leverage terhadap nilai perusahaan pada perusahaan sektor Consumer Goods yang terdaftar di Bursa Efek Indonesia (BEI) periode 2023–2025. Penelitian ini menggunakan desain kuantitatif asosiatif kausal. Populasi penelitian sebanyak 37 perusahaan sektor Consumer Goods yang terdaftar di BEI, dengan teknik purposive sampling diperoleh 15 perusahaan dan 42 observasi valid (data pooled) setelah pengeluaran data outlier. Analisis data dilakukan dengan regresi linier berganda menggunakan IBM SPSS Statistics 25. Hasil penelitian menunjukkan: (1) profitabilitas yang diproksikan dengan Return on Assets (ROA) berpengaruh positif dan signifikan terhadap nilai perusahaan (t = 3,465; sig. = 0,001 < 0,05); (2) leverage yang diproksikan dengan Debt to Equity Ratio (DER) tidak berpengaruh signifikan terhadap nilai perusahaan (t = –0,282; sig. = 0,779 > 0,05); serta (3) profitabilitas dan leverage secara simultan berpengaruh signifikan terhadap nilai perusahaan (F = 7,195; sig. = 0,002 < 0,05). Nilai Adjusted R Square sebesar 0,232 menunjukkan bahwa kedua variabel independen mampu menjelaskan 23,2% variasi nilai perusahaan, sedangkan sisanya sebesar 76,8% dijelaskan oleh variabel lain di luar model. Temuan ini mendukung Signaling Theory, di mana profitabilitas menjadi sinyal positif yang kredibel bagi investor, sementara tingkat leverage sampel yang relatif rendah dan stabil belum mencapai titik yang cukup material untuk memengaruhi persepsi pasar.
Pengaruh Gaya Kepemimpinan Partisipatif dan Motivasi Kerja terhadap Kinerja Karyawan di PT. Pulau Baru Jaya Nur Haliza Kusno; Dwi Wahyu Artiningsih; Siti Mardah
Jurnal Ekonomi Manajemen Sistem Informasi Vol. 7 No. 6 (2026): Jurnal Ekonomi Manajemen Sistem Informasi (Juli - Agustus 2026)
Publisher : Dinasti Review

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.38035/jemsi.v7i6.8923

Abstract

Penelitian ini bertujuan untuk menganalisis pengaruh gaya kepemimpinan partisipatif dan motivasi kerja terhadap kinerja karyawan pada PT. Pulau Baru Jaya Banjarmasin. Penelitian menggunakan pendekatan kuantitatif dengan desain penelitian kausal. Populasi penelitian berjumlah 68 karyawan dan seluruhnya dijadikan sampel melalui teknik sampel jenuh. Data dikumpulkan melalui kuesioner dan dianalisis menggunakan regresi linier berganda dengan bantuan IBM SPSS Statistics 27. Hasil penelitian menunjukkan bahwa gaya kepemimpinan partisipatif tidak berpengaruh signifikan secara parsial terhadap kinerja karyawan. Sebaliknya, motivasi kerja berpengaruh positif dan signifikan terhadap kinerja karyawan. Secara simultan, gaya kepemimpinan partisipatif dan motivasi kerja berpengaruh signifikan terhadap kinerja karyawan. Nilai koefisien determinasi menunjukkan bahwa kedua variabel mampu menjelaskan 35,7% variasi kinerja karyawan, sedangkan sisanya sebesar 64,3% dipengaruhi oleh faktor lain di luar penelitian. Temuan ini menegaskan bahwa motivasi kerja merupakan faktor penting dalam meningkatkan kinerja karyawan. Meskipun gaya kepemimpinan partisipatif tidak berpengaruh secara langsung, penerapannya tetap berperan dalam menciptakan lingkungan kerja yang mendukung peningkatan motivasi karyawan. Hasil penelitian diharapkan dapat menjadi masukan bagi perusahaan dalam merumuskan strategi peningkatan kinerja dan pencapaian tujuan organisasi.
ANALISIS KUALITAS PELAYANAN DALAM MENINGKATKAN KEPUASAN KONSUMEN PADA CV LANGEN RASA: Muhammad Agil Ilyasa; Rahmi Widianti; Siti Mardah
JURNAL RUMPUN MANAJEMEN DAN EKONOMI Vol. 3 No. 4 (2026): Juli
Publisher : CV. KAMPUS AKADEMIK PUBLISHING

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.61722/jrme.v3i4.11792

Abstract

. Service quality is one of the key factors influencing customer satisfaction and business sustainability. CV Langen Rasa, a company engaged in the distribution of fresh vegetables to hotels and restaurants, must maintain excellent service quality to meet customer expectations amid increasing competition. This study aims to analyze the quality of service provided by CV Langen Rasa in improving customer satisfaction. The research employed a qualitative descriptive approach. Data were collected through observation, interviews, and documentation involving the owner, employees, and customers of CV Langen Rasa. The collected data were analyzed using data reduction, data presentation, and conclusion drawing techniques. The findings indicate that the quality of service at CV Langen Rasa has generally been implemented effectively through reliability in product delivery, responsiveness to customer requests and complaints, assurance of product quality, empathy toward customer needs, and adequate physical facilities. These service dimensions contribute positively to customer satisfaction by fostering trust, loyalty, and long-term business relationships. However, several challenges remain, including fluctuations in product availability due to weather conditions and limitations in human resources during peak demand periods. The study implies that continuous improvement in service quality, supported by effective communication, employee competency development, and service innovation, is essential to enhance customer satisfaction and strengthen the company's competitiveness in the hospitality supply industry. Keywords: competitiveness; customer satisfaction; CV Langen Rasa; service quality; qualitative research.
Human Resources and E-Learning Effect on the Successful Study during the Pandemic Covid-19 Siti Mardah; Muthia Harnida; Erni Alfisah
Hut Publication Business and Management Vol. 2 No. 2 (2022): Hut Publication Business and Management
Publisher : PT. Hanken Sukses Jaya

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

Abstract

The pandemic of Covid-19 has brought a big change in education, especially in the teaching and learning process. What used to be conducted physically in the class has suddenly changed to be conducted virtually through many digital platforms, such as Google Classroom, and media virtual such as Cloud, Zoom, Google Meet, etc. The change in the teaching and learning process from offline to online of course will affect both the students and the academic community. Those changes also can affect the successful study of the students. The research purpose is to find empirical evidence of the human resources of the academic community and the E-Learning effect on e-learning or what is sometimes called an online learning system for successful study. The samples are the students of the Faculty of Economics of Universitas Islam Kalimantan Muhammad Arsyad Al-Banjary Banjarmasin who join the Cost Management Classes. There are 75 students joined as participants through questionnaires that were delivered by Google Form. The analysis of data collection used multiple linear regression with SPSS 22. The result shows that human resources and E-learning positively and significantly affect the successful study of the students.
Dampak Pelatihan dan Pengembangan Karier terhadap Produktivitas Karyawan melalui Motivasi Kerja sebagai Variabel Intervening pada PT. Cakra Kencana Lestari Firdaus Firdaus; Niti Lestari; Khuzaini Khuzaini; Siti Mardah
Jurnal Riset Inspirasi Manajemen dan Kewirausahaan Vol. 9 No. 2 (2025): Jurnal Riset Inspirasi Manajemen dan Kewirausahaan
Publisher : Sekolah Tinggi Ilmu Manajemen Indonesia (STIMI) Banjarmasin

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.35130/nd92av81

Abstract

Penelitian ini bertujuan untuk menganalisis dampak pelatihan dan pengembangan karier terhadap produktivitas karyawan dengan motivasi kerja sebagai variabel intervening pada PT. Cakra Kencana Lestari. Pelatihan dan pengembangan karier yang efektif diharapkan dapat meningkatkan keterampilan serta kompetensi karyawan, yang pada akhirnya berkontribusi terhadap peningkatan produktivitas. Namun, dalam prosesnya, motivasi kerja memainkan peran penting sebagai variabel yang memediasi hubungan antara pelatihan dan pengembangan karier dengan produktivitas karyawan. Penelitian ini menggunakan pendekatan kuantitatif dengan metode survei melalui penyebaran kuesioner kepada karyawan PT. Cakra Kencana Lestari dengan sampel sebanyak 95 responden menggunakan rumus penarikan sampel Slovin. Teknik analisis data dilakukan dengan metode Partial Least Squares Structural Equation Modeling (PLS-SEM) menggunakan Smart PLS. Hasil penelitian menunjukkan bahwa pelatihan dan pengembangan karier berpengaruh positif dan signifikan terhadap produktivitas karyawan, baik secara langsung maupun melalui motivasi kerja sebagai variabel intervening. Motivasi kerja terbukti memperkuat hubungan antara pelatihan dan pengembangan karier dengan produktivitas karyawan. Temuan ini mengindikasikan bahwa perusahaan perlu lebih memperhatikan program pelatihan dan pengembangan karier serta strategi peningkatan motivasi kerja guna mengoptimalkan produktivitas karyawan. Implikasi dari penelitian ini dapat menjadi bahan pertimbangan bagi manajemen dalam merancang kebijakan sumber daya manusia yang lebih efektif
Peran Self-Efficacy sebagai Variabel Intervening pada Hubungan antara Workplace Training dan Pengembangan Profesional terhadap Kinerja Karyawan PT. Tanjung Selatan Makmur Jaya Firdaus Firdaus; Niti Lestari; Khuzaini Khuzaini; Siti Mardah
Jurnal Riset Inspirasi Manajemen dan Kewirausahaan Vol. 10 No. 1 (2026): Jurnal Riset Inspirasi Manajemen dan Kewirausahaan
Publisher : Sekolah Tinggi Ilmu Manajemen Indonesia (STIMI) Banjarmasin

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.35130/nc0nr316

Abstract

Penelitian ini bertujuan untuk menganalisis peran self-efficacy sebagai variabel intervening pada hubungan antara workplace training dan pengembangan profesional terhadap kinerja karyawan PT. Tanjung Selatan Makmur Jaya. Populasi penelitian adalah seluruh karyawan yang berjumlah 253 orang, dengan jumlah sampel 155 responden yang ditentukan menggunakan rumus Slovin dengan tingkat kesalahan 5%. Metode analisis data menggunakan Structural Equation Modeling-Partial Least Square (SEM-PLS) dengan bantuan perangkat lunak SmartPLS. Hasil penelitian menunjukkan bahwa workplace training berpengaruh positif dan signifikan terhadap self-efficacy dan kinerja karyawan. Pengembangan profesional juga berpengaruh positif dan signifikan terhadap self-efficacy dan kinerja karyawan. Selain itu, self-efficacy terbukti berperan sebagai variabel intervening yang memperkuat pengaruh workplace training dan pengembangan profesional terhadap kinerja karyawan. Dengan demikian, peningkatan kualitas pelatihan di tempat kerja dan program pengembangan profesional yang terencana dapat mendorong peningkatan keyakinan diri karyawan, yang pada akhirnya berdampak pada kinerja yang lebih optimal. Penelitian ini memberikan implikasi praktis bagi manajemen PT. Tanjung Selatan Makmur Jaya untuk lebih memfokuskan strategi pengembangan sumber daya manusia pada peningkatan pelatihan berbasis pekerjaan dan program pengembangan profesional yang mendukung efikasi diri karyawan.
Pengaruh Ukuran Perusahaan, Profitabilitas dan Likuiditas Terhadap Nilai Perusahaan Pada Perusahaan Sektor Makanan dan Minuman Yang Terdaftar di Bursa Efek Indonesia Tahun 2022-2025 Hanifa Fidina; Apriya Santi; Siti Mardah
Jurnal Inovasi Bisnis Manajemen dan Akuntansi Vol. 4 No. 3 (2026): JIBMA : Jurnal Inovasi Bisnis Manajemen dan Akuntansi
Publisher : PT. Karya Inovatif Nusantara

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.65255/jibma.v4i3.352

Abstract

This study aims to analyze the effect of company size, profitability, and liquidity on firm value in food and beverage sector companies listed on the Indonesia Stock Exchange (IDX) for the period 2022–2025. This study uses a quantitative approach with secondary data in the form of annual financial reports. The population consists of 83 food and beverage companies listed on the IDX. Using purposive sampling, 40 companies were selected with a total of 143 observations after removing outliers. The independent variables were measured using Ln (Total Assets) for firm size, Return on Assets (ROA) for profitability, and Current Ratio (CR) for liquidity, while the dependent variable was measured using Price to Book Value (PBV). Data analysis was conducted using multiple linear regression with SPSS version 27. The results indicate that: (1) Company size has a negative and insignificant effect on company value (2) Profitability has a positive and significant effect on firm value (3) Liquidity has a negative and significant effect on firm value and (4) Simultaneously, company size, profitability, and liquidity have a significant effect.
Pengaruh Pengelolaan Modal Kerja terhadap Kinerja Keuangan: Studi Kasus PT. Pilar Jaya Konstruksi Periode 2021-2025 M. Auriel Syira Ramadhan; Abdurrahim Abdurrahim; Siti Mardah
JUEB : Jurnal Ekonomi dan Bisnis Vol. 5 No. 2 (2026): JUEB: Jurnal Ekonomi dan Bisnis
Publisher : Yayasan Jompa Research and Development

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.57218/jueb.v5i2.2908

Abstract

Delays in collecting receivables, accumulation of materials, and dependence on short-term loans can increase the risk of liquidity problems and reduce the profitability of construction companies, despite recording high revenues. This study aims to: (1) determine the effect of cash turnover on Return on Assets (ROA) at PT. Pilar Jaya Konstruksi; (2) analyze the effect of accounts receivable turnover on ROA; (3) examine the effect of inventory turnover on ROA; and (4) investigate the simultaneous effect of cash turnover, accounts receivable turnover, and inventory turnover on ROA. This research employs a quantitative approach with PT. Pilar Jaya Konstruksi, located in Tabalong Regency, South Kalimantan, as the research object. The study uses a total sampling technique, with secondary data consisting of 48 monthly financial reports, including balance sheets and income statements, covering the period from 2021 to 2025. Data were analyzed using descriptive statistics, classical assumption tests (normality, autocorrelation, multicollinearity, and heteroscedasticity), multiple linear regression analysis, t-tests, F-tests, and the coefficient of determination (Adjusted R Square). The results indicate that cash turnover has a significant effect on ROA (Sig. = 0.000 < 0.05). Accounts receivable turnover also significantly affects ROA (Sig. = 0.005 < 0.05), while inventory turnover shows a significant effect on ROA (Sig. = 0.000 < 0.05). Simultaneously, cash turnover, accounts receivable turnover, and inventory turnover significantly influence ROA. The Adjusted R Square value of 0.984 indicates that 98.4% of the variation in ROA can be explained by these three variables, while the remaining 1.6% is influenced by other factors outside the model.
Pengaruh CR dan DER Terhadap ROA Pada Perusahaan Perkebunan Kelapa Sawit ayu; Purboyo; Siti Mardah
Advantage: Journal of Management and Business Vol. 4 No. 1 (2026): June
Publisher : Apik Cahaya Ilmu

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.61971/advantage.v4i1.292

Abstract

Abstract Uncertain global market conditions that trigger fluctuations in palm oil commodity prices require the management of plantation companies listed on the Indonesia Stock Exchange (IDX) to be more careful in managing their financial ratios. This study aims to examine and analyze the effect of the Current Ratio (CR) and Debt to Equity Ratio (DER) on Return on Assets (ROA). This study uses a quantitative approach, with the population referring to all palm oil plantation companies listed on the IDX for the period 2022-2025. Sampling was conducted using purposive sampling, while hypothesis testing was conducted using multiple linear regression techniques using SPSS version 23. The results of this study conclude that the hypothesis test results state that partially the CR variable shows a negative direction and does not significantly affect ROA, partially the DER variable has a significant negative effect on ROA, while the CR and DER variables simultaneously have a significant effect on ROA. Companies should focus more on tightly controlling the debt portion and streamlining current assets to maintain stable profitability. Keywords: Current Ratio, Debt to Equity Ratio, Return on Assets, Palm Oil Plantations Abstract Ketidakpastian kondisi pasar global yang memicu fluktuasi harga komoditas kelapa sawit menuntut manajemen perusahaan perkebunan di bursa efek indonesia (BEI) untuk lebih berhati-hati dalam mengelola rasio keuangan mereka. Penelitian ini bertujuan untuk menguji dan menganalisis pengaruh Current Ratio (CR) dan Debt to Equity Ratio (DER) terhadap Return on Assets (ROA). Penelitian ini menggunakan pendekatan kuantitatif, populasi merujuk seluruh perusahaan perkebunan kelapa sawit di BEI periode 2022-2025. Pengambilan sampel menggunakan purposive sampling, sementara pengujian hipotesis diolah melalui teknik regresi linier berganda dengan aplikasi SPSS versi 23. Hasil penelitian ini menyimpulkan bahwa hasil uji hipotesis yang menyatakan secara persial variabel CR menunjukan arah negatif dan tidak berpengaruh signifikan ke ROA, secara persial variabel DER berpengaruh negatif signifikan ke ROA, sedangkan variabel CR dan DER secara simultan berpengaruh signifikan terhadap ROA. Perusahaan untuk lebih fokus pada pengendalian porsi hutang secara ketat serta mengefisiensikan aset lancar demi menjaga stabilitas profitabilitas. Keywords: Current Ratio, Debt to Equity Ratio, Return on Assets, Perkebunan Kelapa Sawit