Article Per Year (5 Year)
p-Index From 2021 - 2026
2.57
P-Index
This Author published in this journals
All Journal RJABM (Research Journal of Accounting and Business Management) Penentuan harga obligasi dan teori tingkat bunga EAJ (ECONOMICS AND ACCOUNTING JOURNAL) EDUKA : Jurnal Pendidikan, Hukum, Dan Bisnis Journal of Research in Business, Economics, and Education DEDIKASI PKM Rudence: Rural Development for Economic Resilience Jurnal Abdi Masyarakat Humanis Jurnal Publikasi Ilmu Manajemen Jurnal Manajemen Riset Inovasi Jurnal Pemimpin Bisnis Inovatif Economic, Management, Business and Accountancy International Journal (EMBAIJ)
Rudi Sanjaya
Universitas Pamulang
Aerospace Engineering Agriculture, Biological Sciences & Forestry Humanities Automotive Engineering Chemical Engineering, Chemistry & Bioengineering Decision Sciences, Operations Research & Management Economics, Econometrics & Finance Social Sciences

Published : 23 Documents Claim Missing Document
Claim Missing Document
Check
Articles

Found 23 Documents
Search

 1   2   3 
Analisis Restrukturisasi Perusahaan dalam Meningkatkan Kinerja Keuangan pada PT Waskita Karya (Persero) TBK Periode 2022-2025 Della Lesya Oktavianti; Dinda Kanaya; Rudi Sanjaya; Nadia Maulida; Nifaeri Permata Hia; Sindy Mirela
Jurnal Publikasi Ilmu Manajemen Vol. 5 No. 2 (2026): Juni: Jurnal Publikasi Ilmu Manajemen
Publisher : Lembaga Pengembangan Kinerja Dosen

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.55606/jupiman.v5i2.6378

Abstract

This study aims to analyze the effectiveness of financial and operational restructuring in improving the financial performance of PT Waskita Karya (Persero) Tbk during the 2022–2025 period. The study uses a quantitative descriptive method utilizing secondary data sourced from audited consolidated financial statements, annual reports, and the company's investor relations publications. The analysis was conducted using financial ratios including the Current Ratio (CR), Debt to Equity Ratio (DER), Return on Assets (ROA), Return on Equity (ROE), and Gross Profit Margin (GPM). The research results show that the restructuring program, implemented through the Rp26.3 trillion Master Restructuring Agreement (MRA) and the Rp5.3 trillion Working Capital Guarantee Loan (KMKP) restructuring, successfully reduced the company's total liabilities from Rp83.99 trillion in 2022 to Rp67.06 trillion in 2025. Furthermore, operational efficiency increased Gross Profit Margin from 5.60% in 2023 to 17.92% in 2025. However, the company still experienced profitability pressures, as evidenced by persistent negative ROA and ROE and a decline in the Current Ratio to 0.51 in 2025. The research findings indicate that the restructuring has had a positive impact on improving the financial structure and operational efficiency, but has not yet resulted in a full recovery in profitability. Therefore, successful restructuring requires support from increased operating income, strengthened cash flow, and sustained control of financial expenses.
Analisis Potensi Finansial Distress pada Perusahaan FMCG Pasca Seruan Boikot Menggunakan Metode Altman Z-Score : Studi Kasus Pada PT Unilever Indonesia Tbk Hertina Mardhiyyati; Rudi Sanjaya
Jurnal Manajemen Riset Inovasi Vol. 4 No. 4 (2026): Jurnal Manajemen Riset Inovasi
Publisher : Lembaga Pengembangan Kinerja Dosen

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.55606/mri.v4i4.10558

Abstract

This study aims to analyze the potential for financial distress at PT Unilever Indonesia Tbk during the 2023–2025 period using the Altman Z-Score method and to examine the company’s financial condition following the boycott campaign against Fast Moving Consumer Goods (FMCG) products affiliated with multinational companies. The boycott campaign intensified following the issuance of Indonesian Ulema Council (Majelis Ulama Indonesia/MUI) Fatwa Number 83 of 2023 concerning the Law on Supporting the Palestinian Struggle. PT Unilever Indonesia Tbk became associated with the boycott campaign due to its ownership structure, in which the majority of its shares are held by Unilever Indonesia Holding B.V., a company within the Unilever PLC group. This study employed a quantitative descriptive research method using secondary data obtained from the annual financial statements of PT Unilever Indonesia Tbk for the 2023–2025 period, sourced from the company’s official website and the Indonesia Stock Exchange. The results show that PT Unilever Indonesia Tbk remained in the Safe Zone throughout the study period, with Z-Score values of 9.550 in 2023, 5.884 in 2024, and 6.281 in 2025. These results indicate that the company did not experience financial distress during the period under study. Nevertheless, several financial indicators, including Net Working Capital to Total Assets, Retained Earnings to Total Assets, Earnings Before Interest and Taxes to Total Assets, and Sales to Total Assets, experienced fluctuations and generally showed a decline. Net sales and net profit also decreased during the period, which may indicate financial pressure following the boycott campaign. Despite these conditions, the Market Value of Equity to Total Liabilities ratio remained relatively high and contributed substantially to the company’s overall Z-Score. The findings imply that although the company experienced a decline in several financial performance indicators, its overall financial condition remained relatively strong and was sufficient to keep the company within the Safe Zone during 2023–2025
Analisis Laporan Arus Kas, Operasi, Investasi, dan Pendanaan pada PT Pertamina (Persero) Tbk Periode 2016–2024 Galih Wiguna; M. Hafiz Sayidil; Rudi Sanjaya; Pinkan Febriana M.
Jurnal Pemimpin Bisnis Inovatif Vol. 4 No. 3 (2026): Juli : Jurnal Pemimpin Bisnis Inovatif
Publisher : Asosiasi Riset Ilmu Manajemen dan Bisnis Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.61132/jpbi.v3i3.1377

Abstract

This study aims to analyze the financial performance of PT Pertamina (Persero) through cash flow statements covering operating, investing, and financing activities during the 2016–2024 period. The study employs a quantitative descriptive method with a financial statement analysis approach using secondary data obtained from the company’s annual reports. The analysis focuses on cash flow patterns and cash flow ratios to evaluate the company’s liquidity, investment policy, and funding strategy. The results indicate that operating cash flow fluctuated throughout the observation period but consistently became the primary contributor to maintaining the company’s liquidity and operational sustainability. Investing cash flow showed consistently negative values, reflecting the company’s commitment to long-term asset expansion and business development. Meanwhile, financing cash flow experienced significant fluctuations, indicating the company’s dynamic strategy in fulfilling funding requirements through debt and equity instruments. Furthermore, the cash flow ratio analysis revealed that three financial ratios were categorized as good, while two ratios were considered less optimal. Overall, the company demonstrated a relatively healthy financial performance supported by positive operating cash flow patterns, despite still facing challenges in managing investment efficiency and financing structure. These findings indicate that PT Pertamina (Persero) has maintained stable financial fundamentals and sustainable cash flow management during the research period.
Co-Authors Agung Cahya Dwiyanto Agustina Mogi Alvito Dianokta Amanda Faruk Arahman Anardia Destiyana Ayunda Paramesywari Della Lesya Oktavianti Didi Sunardi Dinda Apresya Dinda Kanaya Fikron Al Choir Galang Romadon Galih Wiguna Hertina Mardhiyyati Ina Nurhidayah Kiki Anggar Wati Krida Puji Rahayu Lativa Lativa Lativa Lativa Lativa Lora Maharani M. Hafiz Sayidil Muhamad Restu Wijaya Nadia Maulida Nazar Restu Anugrah Nifaeri Permata Hia Niken Ayu Azizah Nurmono Nurmono Nurulita Syafrida Pinkan Febriana M. Rafly Satrio Rasya Ramadhan Ravenna Zahra Ridwan Ardiansyah Sindy Mirela Siti Nur’aidawati Sulistiyani Sulistiyani Sulistiyani Sutiman Sutiman Syarifah Ida Farida Widia Rahmawati