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MARKET VALUE ADDED (MVA), FINANCIAL RATIOS AND VALUE OF MANUFACTURING COMPANIES IN THE AUTOMOTIVE AND COMPONENT SUB-SECTORS Agustin, Riska; Rochmawati, Reni
Journal of Management Small and Medium Enterprises (SMEs) Vol 18 No 1 (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.v18i1.20717

Abstract

In the competitive automotive sector, understanding the factors that influence investor valuation is essential. This study examines how Market Value Added (MVA) and Return on Assets (ROA) affect firm value, measured by Tobin's Q ratio, in manufacturing companies within the automotive sector from 2021 to 2023. A quantitative methodology with an associative approach was applied, analyzing the financial statements of 11 companies listed on the Indonesia Stock Exchange. The findings reveal two key points: (1) MVA does not impact firm value, while (2) ROA significantly influences firm value in this sector. These results underscore the importance of efficient asset management for enhancing profitability and shareholder value. The study clarifies the relationship between MVA, ROA, and firm value, offering valuable insights for stakeholders. Ultimately, while MVA may not be a decisive factor, a strong ROA can significantly affect market perception and a company's financial success. Keywords: Market Value Added; Return On Assets; Tobin’s Q
ANALISIS MANAJEMEN RISIKO DALAM PENGELOLAAN PIUTANG SEBAGAI UPAYA UNTUK MEMINIMALISIR JUMLAH TUNGGAKAN PADA PT PLN (PERSERO) ULP TANDES Rochmawati, Reni; Sinorowenti, Adelia Ayu; Milad, Mohammad Khusnu
Growth Vol 23 No 1 (2025): MEI
Publisher : Relawan Jurnal Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.36841/growth-journal.v23i1.6338

Abstract

Accounts receivable arrears are one of the problems that can disrupt the company's cash flow and financial performance, including at PT PLN (Persero) ULP Tandes. This study aims to analyze the application of risk management in managing receivables as an effort to minimize the amount of arrears of receivables at PT PLN (Persero) ULP Tandes. The method used is descriptive qualitative with data collection techniques through interviews, observation, and documentation. This research uses the COSO framework which consists of five main components, namely the control environment, risk assessment, control activities, information and communication, and monitoring. The results show that the majority of arrears come from household customers who have low payment awareness. PLN implements a receivables management strategy through sending invoices, WhatsApp Blast, MCB disconnection, and installation demolition. In addition, the use of ITO and EIS information systems supports the effectiveness of monitoring and controlling receivables. The implementation of COSO-based risk management is proven to be able to help companies minimize the risk of arrears and maintain the stability of operational cash flow.
Pelestarian Tradisi Bersih Desa di Tengah Perubahan Sosial dan Modernisasi di Desa Ploso Rochmawati, Reni; Trisnayana, Wahida Emisa; Al Bayani, Raden Syaifudin
YASIN Vol 5 No 5 (2025): OKTOBER
Publisher : Lembaga Yasin AlSys

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.58578/yasin.v5i5.6982

Abstract

The Bersih Desa tradition is a form of cultural heritage that continues to be preserved by the community of Ploso Village, Ngawi Regency, as an expression of gratitude and respect toward ancestors. However, amid the rapid currents of modernization, this tradition faces serious challenges, particularly the declining participation of younger generations. This study aims to examine the implementation, socio-spiritual meaning, and preservation challenges of the Bersih Desa tradition in the context of social change. A descriptive qualitative method was employed, with data collected through participatory observation, in-depth interviews, and documentation. Analysis was conducted interactively using triangulation techniques to ensure data validity. The findings show that although the tradition is still regularly performed and holds significant spiritual and social value, there is a shift in perception among the youth, who tend to view it as less relevant. These findings highlight the need for educational and collaborative approaches to engage younger generations, ensuring the tradition’s adaptive preservation. This study contributes to the strengthening of local cultural discourse and recommends the integration of local wisdom values into educational programs and community activities to sustain the tradition amid evolving social dynamics.
Stabilisasi Tanah Lanau Dengan Abu Tongkol Jagung Sebagai Lapis Pondasi Jalan Irianto, Irianto; Rochmawati, Reni; Sitorus, Pangeran Holong
Jurnal Teknik AMATA Vol. 4 No. 2 (2023)
Publisher : Politeknik Amamapare

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.55334/jtam.v4i2.151

Abstract

Lokasi pengambilan sampel pada penelitian ini diamabil pada Jl. Hanurata KM 09, Kelurahan Holtekamp, Kecamatan Muara Tami, Kota Jayapura Provinsi Papua ini memiliki tanah dasar yang buruk, hal ini akan menyebabkan kerusakan pada struktur yang akan dibangun diatas tanah tersebut. Untuk mencegah hal itu, maka dilakukan perbaikan tanah dasar menggunakan abu tongkol jagung dengan tujuan dapat meningkatkan daya dukung tanah tersebut. Penelitian ini bertujuan untuk mengetahui pengaruh penambahan abu tongkol jagung terhadap nilai indeks plastisitas dan pengaruh nilai UCS tanah. Pada penelitian ini untuk mengetahui pengaruh penambahan abu tongkol jagung terhadap nilai IP menggunakan kadar 5%;10%;15% dan 20% (ATJ). Berdasarkan penelitian yang telah dilakukan, diperoleh nilai indeks plastisitas tanah asli 26.49%. Setelah distabilisasi dengan variasi kadar abu tongkol jagung nilai indeks plastisitas tanah menurun menjadi 13.69%; 10.51%; 9.90% dan 9.04%. Untuk pengujian UCS didapatkan tanah asli memiliki nilai yaitu, 14.29 Kg/cm2 setelah distabilisasi menggunakan kadar 8%(SA) dengan variasi kadar 15% dan 20% (ATJ) didapatkan nilai kuat tekan bebas sebesar 23.52 Kg/cm2 dan 24.08 Kg/cm2. Dapat disimpulkan bahwa abu tongkol jagung memenuhi syarat sebagai bahan stabilisasi untuk menurunkan nilai IP yang tinggi dan penambahan semen (SA) dan Abu Tongkol Jagung (ATJ) mempengaruhi nilai kuat tekan bebas tanah.