Articles
Working Capital Activities of Multinational Companies at McDonald's Company
Kiki Farida Ferine;
Artunov Nofal;
Rico Nur Ilham
International Journal of Economics, Management and Accounting (IJEMA) Vol. 1 No. 1 (2023)
Publisher : Lafadz Jaya Publisher
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DOI: 10.47353/ijema.v1i1.27
Working capital management is a branch of financial management that manages the working capital of a company to achieve optimal value. The purpose of holding working capital management is to produce the welfare of shareholders through obtaining optimal profits. The aim is to meet the company's liquidity, liability and supply needs for consumers. McDonald's is a fast-food restaurant that is still needed by the people of Indonesia and abroad. PT Rekso Nasional Food or better known as McDonald's Indonesia is a publicly traded fast food company with branches in Jakarta, Indonesia. The company was founded on February 23, 1991. This company is the only McDonald's franchisee in Indonesia. The entry of McDonald's or other large companies into Indonesia can have a complex impact on local companies. It is important for local companies to continue to adapt and innovate in the face of competition from international companies such as McDonald's.
DETERMINANTS OF FINANCIAL PERFORMANCE IN MANUFACTURING FIRMS: THE ROLE OF CAPITAL STRUCTURE, LIQUIDITY, AND FIRM SIZE
Mangasi Sinurat;
Nursaimatussaddiya;
Rico Nur Ilham;
Frengki Putra Ramansyah
International Conference on Health Science, Green Economics, Educational Review and Technology Vol. 7 No. 2 (2025): 10th IHERT (2025): IHERT (2025) SECOND ISSUE: International Conference on Healt
Publisher : Universitas Efarina
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Purpose – This study examines the effect of capital structure, liquidity, and firm size on financial performance. This topic is important because financial performance reflects a company’s ability to generate profits and sustain its operations, while internal financial factors such as debt policy, liquidity position, and firm scale play a crucial role in determining that performance. Design/methodology/approach – This research employs a quantitative approach using secondary data derived from companies’ financial statements. The analysis is conducted using multiple regression, with hypothesis testing through t-tests to assess partial effects and F-tests to evaluate simultaneous effects of the independent variables on financial performance. Findings/Results – The results show that capital structure has a negative and significant effect on financial performance, while liquidity and firm size have positive and significant effects. These findings indicate that lower reliance on debt and stronger liquidity positions contribute to improved profitability, and larger firms tend to perform better financially. Originality/Value – This study highlights the importance of balancing debt usage, maintaining liquidity, and leveraging firm size to enhance financial performance. The findings provide practical implications for managers in making financial decisions and contribute to the existing literature by offering empirical evidence on the combined effects of these key financial factors.
Effect of World Oil Prices on Cryptocurrency Return
Mohd. Heikal;
Maulana Majied Sumatrani Saragih;
Rico Nur Ilham;
Muammar Khaddafi;
Rusydi Rusydi
Journal of Accounting Research, Utility Finance and Digital Assets Vol. 1 No. 1 (2022): July
Publisher : PT. Radja Intercontinental Publishing
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DOI: 10.54443/jaruda.v1i1.9
This study aims to determine the effect ofWorld Oil Priceseffect on Return Cryptocurrency. The researcher uses a descriptive quantitative approach. Replication research is the repetition of the basic experiment. The analytical method used is multiple linear regression model. As for the results of this study, the variable World Oil Price (X) can explain the Return Cryptocurrency variable (Y) of 27.9%.variableWorld Oil Prices(X) significant effectagainst the Return Cryptocurrency variable (Y). Oil price fluctuations on the world market have an effect on Cryptocurrency Return. In this study, it is found that fluctuations in oil prices in the world market have a positive impact on Cryptocurrency Return. That is, the increase in oil prices encourages the rise of Cryptocurrencies. Researchers suggest to pay more attention to world oil prices first before other commodities, because the impact of world oil prices is very large on commodity prices worldwide. So, for example, a decline in world oil prices can affect Cryptocurrency Return.
The Effect Of Hotel Tax Collection, Restaurant Tax And Entertainment Tax On The Original Regional Density In Medan City
Muhammad Fahmi Hilfandi;
Rico Nur Ilham;
Marzuki Marzuki;
Jummaini Jummaini;
Rusydi Rusydi
Journal of Accounting Research, Utility Finance and Digital Assets Vol. 1 No. 1 (2022): July
Publisher : PT. Radja Intercontinental Publishing
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DOI: 10.54443/jaruda.v1i1.10
This study aims to examine the effect of hotel tax collection, restaurant tax and entertainment tax on the original regional density in Medan City. This study used time series data for 2016-2020 obtained from the Medan City Regional Tax and Levy Management Agency. The data analysis method used is the multiple linear regression method with the help of SPSS 25. The results of the study partially showed that the Hotel Tax had a positive and significant effect on Regional Original Income in Medan City, Restaurant Tax had a positive and significant effect on Regional Original Income in Medan City, and Entertainment Tax showed results of negative and insignificant effects on Regional Original Income in Medan City. Simultaneously, the simultaneous results of the variables hotel tax, restaurant tax, and entertainment tax have a positive and significant effect on the original regional income in Medan city.
FINANCIAL RATIO ANALYSIS AND COMMON SIZE TO ASSESS FINANCIAL PERFORMANCE AT PT ASTRA AGRO LESTARI TBK AND ITS SUBSIDIARIES
Rista Sihombing;
Mark G. Maffett;
Rico Nur Ilham
Journal of Accounting Research, Utility Finance and Digital Assets Vol. 1 No. 2 (2022): October
Publisher : PT. Radja Intercontinental Publishing
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DOI: 10.54443/jaruda.v1i2.24
From the financial statements can find out how the financial performance of the company. Financial ratio analysis and common size analysis can produce useful conclusions. This study aims to determine the financial performance of PT. Astra Agro Lestari Tbk (PT. AALI) which refers to the balance sheet and income statement for 2020-2022 using financial ratios and the common size method. The research method applied in this research is using descriptive research with a quantitative approach. The results of the research conducted showed that the performance of PT. Astra Agro Lestari Tbk in covering its current liabilities with current assets can still be said to be quite good. From the Gross Profit Margin ratio of PT. AALI Tbk experienced a fairly large increase, namely 4.09%. From the results of the calculation of the common size method at PT. AALI Tbk which is listed on the Indonesian stock exchange in 2020-2021, shows that it allocates more of its funds to fixed assets. In using its capital PT. AALI Tbk uses its equity more than liabilities. There is an increase of 3.75% in the common size of the company, which explains that the company is getting better in terms of profitability.
ANALYSIS OF COMMON SIZE PROFIT AND LOSS STATEMENTS PT. SIANTAR TOP PERIOD 2020-2021
Muhammad Zahrul Fuadi;
Jorgeo O. Brusa;
Rico Nur Ilham;
Irada Sinta
Journal of Accounting Research, Utility Finance and Digital Assets Vol. 1 No. 2 (2022): October
Publisher : PT. Radja Intercontinental Publishing
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DOI: 10.54443/jaruda.v1i2.25
Financial statements are the end result of the accounting cycle that is used as a tool to find out how the company is performing and can also be used as a reference for decision making. This study aims to determine the financial performance of PT. Siantar Top, Tbk, which refers to the income statement for the year 2020-2021 using the common size analysis method. This research is a descriptive type of research with a quantitative approach. The results showed that there was a drastic increase and decrease in several posts. Some of the reasons are that during 2020-2021 the world was hit by a pandemic so that it had an impact on the company's performance. Although the profit in 2021 was not better than 2020, the company was able to reach its expected target. This shows that the company's ability to sell is still quite good.
ANALYSIS COMMON SIZE FOR ASSESSING FINANCES AT PT. AIR ASIA INDONESIA TBK
Lala Merlita;
Ian Wooton;
Rico Nur Ilham;
Irada Sinta
Journal of Accounting Research, Utility Finance and Digital Assets Vol. 1 No. 2 (2022): October
Publisher : PT. Radja Intercontinental Publishing
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DOI: 10.54443/jaruda.v1i2.26
This study aims to examine the assessing finances from 2019 to 2020, recording revenues fell and liabilities increased due to the implementation of PSAK 73 which requires every asset to be included in a liability account. The sample in this study is the aviation sub-sector companies listed on the Indonesia Stock Exchange for the 2019-2020 period. Based on data from analysis of income statement financial statements using the common size method in 2019 and 2020, it can be concluded that the company's performance and finances were in a declining condition when the Covid-19 virus was increasing.In the disclosure of information, management stated that the contribution of income from operational activities that stopped or experienced restrictions to last year's total revenue was due to Business Profit (Loss) in which the efficiency program had been carried out by reducing operating expenses, but a significant decrease in operating income due to the impact of the Covid-19 pandemic causing the Company to record an operating loss of IDR 2.80 trillion in 2020 after the previous year it posted an operating profit of IDR 113.94 million.
ANALYSIS OF COMMON SIZE PT. SEMEN INDONESIA (PERSERO) Tbk
Suci Puji Suryani;
John Zysman;
Chairil Akhyar;
Irada Sinta;
Rico Nur Ilham
Journal of Accounting Research, Utility Finance and Digital Assets Vol. 1 No. 3 (2023): January
Publisher : PT. Radja Intercontinental Publishing
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DOI: 10.54443/jaruda.v1i3.27
The Indonesian economy has experienced growth or decline due to several things, one of which is by State-Owned Enterprises. Financial statements can provide useful information as a tool to understand the financial performance of a company. The purpose of this study is to analyze the financial performance of PT Semen Indonesia (Persero) Tbk which is listed on the Indonesia Stock Exchange from 2019 to 2021 in terms of financial statements with total assets or liabilities presented in the balance sheet and income statement using common size analysis. The results of quantitative descriptive research using processed secondary data indicate that the company is still relatively healthy and the company's financial performance on the balance sheet is in a fairly good condition. However, the financial performance on the income statement shows that the marketing strategy is less effective in terms of increasing revenue and has not been able to provide long-term profitability.
ANALYSIS OF COMMON SIZE ON BSI (BANK SYARIAH INDONESIA) IN 2020-2021
Harley Agustian;
Rico Nur Ilham;
Irada Sinta;
Bob Feinberg
Journal of Accounting Research, Utility Finance and Digital Assets Vol. 1 No. 3 (2023): January
Publisher : PT. Radja Intercontinental Publishing
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DOI: 10.54443/jaruda.v1i3.28
This research is motivated by the condition of the financial performance of Bank Indonesia Syariah. In the 2020 balance sheet financial statements, there is an increase, as well as in 2021, again experiencing an increase of 265 billion rupiah. This study measures financial performance with common size analysis. This research is a type of quantitative research. The research in this paper is focused on common size analysis at Bank Indonesia Syariah in 2020-2021. The theoretical approach that the researcher uses is: descriptive-analysis, the financial statements of Bank Indonesia Syariah can be analyzed using common size analysis. The results of this study are common size analysis at Bank Indonesia Syariah in 2020-2021. On the balance sheet: assets have increased. While on the income statement, revenue has increased, and the expense account has decreased. In the balance sheet, there was an increase in assets from 239.581 billion in 2020 to 265.289 billion in 2021. The increase in assets occurred in accounts receivable, marketable securities and cash, as well as other assets. Likewise in the income statement, there is an increase in profit from 2.187 billion in 2020 to 3.028 billion in 2021.
ANALYSIS OF CAPITAL AND CREDIT ASSISTANCE FOR MICRO-BUSINESS GROUPS BY THE SHARIA EMPLOYEE COOPERATIVE OFFICE OF PT. ISKANDAR MUDA FERTILIZER LHOKSEUMAWE CITY
Fadilla Putri Siregar;
Mita Darmayanti;
Bambang Arjuna Putra;
Aziz Nurrzai;
Rico Nur Ilham
Journal of Accounting Research, Utility Finance and Digital Assets Vol. 1 No. 3 (2023): January
Publisher : PT. Radja Intercontinental Publishing
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DOI: 10.54443/jaruda.v1i3.38
This study aims to analyze loan capital and business volume against residual business results (SHU) with total assets as a moderating variable in the Sharia Employee Cooperative of PT pupuk Iskandar Muda Kota Lhokseumawe. Research Approach using quantitative methods. Quantitative research is a systematic scientific research of parts and phenomena and their relationships. T Type of research uses a type of associative research, which is research carried out to determine the relationship between two or more variables and from the results of this study can be used to build a theory that serves to explain or control a symptom. In taking a sample, the researcher has the criteria used, namely a sample of borrowed capital, business volume, a sample of the remaining business results and a sample of total assets. In this case, the sample used is for the year ended December 31, 2021. The data collection techniques are as follows: 1) Documentation Method, 2) Interview Method. In this interview technique, there is a process of interaction, discussion and presentation. Data analysis techniques are in the form of multiple linear regression analysis (Multiple Linear Regretion Analysis). The results of his research showed that Borrowed capital has an insignificant effect on the Remaining Business Results (SHU) of the Lhokseumawe City "SHARIA EMPLOYEES" cooperative. Business volume has a significant effect on the Remaining Business Results (SHU) of the "SHARIA EMPLOYEES" cooperative in Lhokseumawe city. Total assets can strengthen the effect of borrowed capital on the remainder