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All Journal Sosiohumaniora Journal of Business and Management EKOMBIS REVIEW: Jurnal Ilmiah Ekonomi dan Bisnis Jurnal Mirai Management Widya Cipta : Jurnal Sekretari dan Manajemen Journal of Innovation, Business and Entrepreneurship Jurnal Social Library Journal of Social Science IIJSE Journal Integration of Management Studies
Asep Darmansyah
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Arts Humanities Decision Sciences, Operations Research & Management Economics, Econometrics & Finance Education Energy Languange, Linguistic, Communication & Media Law, Crime, Criminology & Criminal Justice Social Sciences Other

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Financial Performance Thorugh Covid 19 Pandemic and Current Stock Valuation of PT Kino Indonesia Tbk Harijanto, Steven Mikael; Darmansyah, Asep
JURNAL SOCIAL LIBRARY Vol 4, No 3 (2024): JURNAL SOCIAL LIBRARY NOVEMBER
Publisher : Granada El-Fath

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.51849/sl.v4i3.403

Abstract

This study examines the financial performance and stock valuation of PT Kino Indonesia Tbk during the COVID-19 pandemic, focusing on evaluating financial health and intrinsic stock value. The research applies financial ratio analysis, Discounted Cash Flow (DCF), and relative valuation methods. Key variables include liquidity, profitability, solvency, and activity ratios, analyzed from financial reports between 2020 and 2023 using a purposive sampling method. The DCF method estimates the intrinsic stock value, while relative valuation compares PT Kino to other companies in the FMCG sector. Results indicate significant financial challenges during the pandemic, particularly in declining profitability ratios, with signs of recovery by 2023. The intrinsic valuation shows the stock may be undervalued in optimistic scenarios, suggesting potential growth. This study offers insights for investors and company management to enhance financial strategies and decision-making in navigating economic disruptions.
A Comparative Analysis PT Mitra Adiperkasa, Tbk of the Pandemic's Impact on Similar Businesses in the Retail Sector Ali, Kresnanda; Darmansyah, Asep
Widya Cipta: Jurnal Sekretari dan Manajemen Vol 9, No 1 (2025): March
Publisher : Universitas Bina Sarana Informatika

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.31294/widyacipta.v9i1.21758

Abstract

The primary objective of this study is to analyze how the pandemic has affected key financial indicators, including liquidity, solvency, profitability, and activity ratios of PT Mitra Adiperkasa Tbk. The research utilizes quantitative methods, employing ratio analysis, vertical analysis, and horizontal analysis as comprehensive assessment tools. Furthermore, a comparative analysis with PT Mega Perintis Tbk is conducted to measure the extent of pandemic effects on similar businesses in the retail sector. The findings of the study reveal a dynamic financial journey characterized by growth, challenges, and recovery. Prior to the pandemic, PT Mitra Adiperkasa experienced positive growth in sales revenue and total assets, but faced difficulties in key financial metrics. The pandemic resulted in a decline in sales revenue, total equity, and net income, presenting significant profitability challenges. However, the company demonstrated resilience and adaptability, bouncing back with increased sales revenue, total assets, and net income in the post-pandemic period. The findings have practical implications for companies seeking strategies to enhance financial stability and operational efficiency amidst ongoing challenges.
The Effect Of Profitability, Solvability, And Liquidity On Stock Prices Before And During The Covid-19 Pandemic Dc, Achmad Furqaan; Darmansyah, Asep
Journal Of Social Science (JoSS) Vol 2 No 10 (2023): JOSS : Journal of Social Science
Publisher : Al-Makki Publisher

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.57185/joss.v2i10.153

Abstract

This research aims to determine the effect of profitability, solvency, and liquidity on stock prices. Profitability in this research is proxied by the return on assets (ROA) and return on equity (ROE) ratio, solvency is proxied by the debt to asset ratio (DAR) and debt to equity ratio (DER), and liquidity is proxied by the cash ratio (CR), quick ratio (QR) and cash ratio. The type of research used in this research is quantitative research using multiple linear regression analysis and the Wilcoxon Signed Ranks Test. The results of this research show that return on assets does not affect stock prices before and during the Covid-19 pandemic. return on equity influences stock prices before and during the Covid-19 pandemic. The debt-to-asset ratio does not affect stock prices before and during the Covid-19 pandemic. Debt to Equity Ratio influences stock prices before and during the Covid-19 pandemic. The current ratio influences share prices before and during the Covid-19 pandemic. The quick ratio did not affect stock prices before and during the COVID-19 pandemic. The cash ratio did not affect share prices before and during the Covid-19 pandemic. Return on Assets (ROA), Return on Equity (ROE), Debt to Asset Ratio (DAR), Debt to Equity Ratio (DER), Cash Ratio (CR), Quick Ratio (QR), and Cash Ratio together affect stock prices before and during the covid-19 pandemic.
Optimizing Coal Reserves at Pit Muara Tiga Besar Utara (MTBU) PT Bukit Asam to Increase Production in 2025 Faiz, Ahmad Naufal; Darmansyah, Asep
Indonesian Interdisciplinary Journal of Sharia Economics (IIJSE) Vol 8 No 3 (2025): Sharia Economics
Publisher : Universitas KH. Abdul Chalim Mojokerto

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.31538/iijse.v8i3.7702

Abstract

The mining sector plays a vital role in meeting energy needs and contributing to national export revenues. PT Bukit Asam is a key player in the coal supply chain. One of the primary challenges the company faces is the discrepancy between its internal work plan and budget and the government-approved annual work plan and budget for 2025. This research focuses on determining the most effective strategy to boost coal production in one of its major sites, the Muara Tiga Besar Utara (MTBU) pit. The strategic analysis began with the use of PESTEL and VRIO frameworks to evaluate external and internal conditions. Based on this evaluation, two strategic alternatives were developed. A cost-benefit analysis was then used to determine the most suitable option. The results indicate that Alternative 2 optimization of the central pit area is more financially viable, outperforming the other option in key financial indicators such as Net Operating Profit Margin (NOPM), Return on Investment (ROI), and Break-Even Point (BEP). Further evaluation through sensitivity analysis revealed that fluctuations in coal prices and changes in operating costs significantly affect Net Operating Cash Flow (NOCF). The implementation of the chosen strategy is divided into several phases: initial preparation, production optimization, and monitoring and evaluation. Risk mitigation measures include ensuring equipment availability, implementing real-time cost tracking, and managing exposure to price volatility.
Co-Authors Afgani, Kurnia Fajar Ali, Kresnanda Anggoro, Yudo Astari, Airen Widhia Athira Azalika Ayu, Athira Azalika Ayudiatri, Safira Cintya Nindy Nofita Dc, Achmad Furqaan Faiz, Ahmad Naufal Fernady, Dhegatala Fitrianda, Saldy Gilang Perdana Putra, Gilang Perdana Halim, Robbyson Hamidah - Hamidah Hamidah Harijanto, Steven Mikael Harisman, Taufik Indrayana, Gun Gun Maruszama, Mahfidarwan Akbar Purbayati, Radia Raden Aswin Rahadi Sigalingging, Mega Setia Mawarni Siti Herni Rochana Wawan Gunawan Wawan Gunawan