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The Influence of Gross Profit Margin and Return on Assets on Stock Prices in Jakarta Islamic Index 70 (2020–2024) Prabowo, Bondan Estu; Vidada, Irwin Ananta
Golden Ratio of Finance Management Vol. 6 No. 1 (2026): October - March
Publisher : Manunggal Halim Jaya

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.52970/grfm.v6i1.1992

Abstract

During the period from 2020 to 2024, the stocks in the Jakarta Islamic Index 70 (JII70) traded on the Indonesia Stock Exchange exhibited price movements believed to be influenced by companies' financial health. This research investigates how Gross Profit Margin (GPM) and Return on Assets (ROA) affect stock prices. Using a quantitative method, this study relies on secondary data from financial statements and stock price history, and employs purposive sampling to select 38 companies, generating 190 data points. The analysis was conducted using SPSS version 27 and multiple linear regression. The results show that GPM has a statistically significant adverse effect on stock prices, as evidenced by a t-statistic value of -2.500, which is below the critical t-value of 1.97569, and a p-value of 0.013, which is less than 0.05. Conversely, ROA does not show a significant effect on stock prices, as indicated by a t-statistic value of 1.449, which is below the t-table value of 1.97569, and a p-value of 0.150, which is greater than 0.05. However, when considered together, GPM and ROA have a significant impact on stock prices, with an F-statistic of 3.404 (greater than the F-table value of 3.06) and a p-value of 0.036 (less than 0.05).
Financial Performance Analysis Using Economic Value Added (EVA) in Financial Technology Sector Companies in Indonesia for the 2022–2024 Period Suryani, Lilys; Vidada, Irwin Ananta
Jurnal Multidisiplin Sahombu Vol. 6 No. 02 (2026): Jurnal Multidisiplin Sahombu, 2026
Publisher : Sean Institute

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

Abstract

This study aims to analyze the financial performance of financial technology sector companies in Indonesia using the Economic Value Added (EVA) method during the 2022–2024 period. EVA is a value-based financial performance measurement that evaluates a company's ability to generate economic value after considering the cost of capital employed. The research focuses on three companies representing the financial technology ecosystem in Indonesia, namely PT Bank Jago Tbk, PT Bukalapak.com Tbk, and PT GoTo Gojek Tokopedia Tbk, which have different business characteristics and capital structures. The study adopts a descriptive quantitative approach by calculating EVA based on three main components: Net Operating Profit After Tax (NOPAT), Invested Capital, and Weighted Average Cost of Capital (WACC) obtained from the companies’ annual financial statements. EVA is then used to determine whether the companies are able to create value for investors after covering their capital costs. The results show that during the observation period, all three companies recorded negative EVA values, indicating that their operating profits after tax were not sufficient to cover the cost of capital. However, PT Bank Jago Tbk showed relatively smaller negative EVA compared to the other companies, while PT Bukalapak.com Tbk and PT GoTo Gojek Tokopedia Tbk experienced larger negative EVA due to negative NOPAT and higher capital costs. These findings suggest that EVA provides a more comprehensive evaluation of financial performance beyond accounting profits.
Analisis Kinerja Pegawai Dengan Metode 360 Degree Feedback Pada Dinas Pendidikan DKI Jakarta Lince br Sembiring; Irwin Ananta Vidada
Jurnal Ekonomi, Manajemen, Bisnis dan Akuntansi Review Vol. 5 No. 2 (2025): December
Publisher : Penerbit Jurnal Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.53697/emba.v5i2.2945

Abstract

Penelitian ini membahas tentang penilaian kinerja karyawan untuk meningkatkan keberhasilan organisasi. Dengan menggunakan metode 360 Degree Feedback. Metode ini bekerja dengan cara mengumpulkan penilaian yang berhubungan dengan kinerja karyawan yang berinteraksi secara langsung seperti atasan, rekan kerja, dan diri mereka sendiri. Singkatnya, pendekatan ini hanya berusaha mengumpulkan informasi dari berbagai sumber yang ada di tempat kerja. Dengan menguji 5 kriteria penilaian 360 Degree Feedback jika diterapkan di Dinas Pendidikan DKI Jakarta. Hasil yang diperoleh dalam penelitian ini menunjukkan bahwa penilaian kinerja keenam pegawai mendapatkan hasil akhir “Baik” dengan nilai tertinggi 8,6 untuk Pegawai 1. mereka mendapatkan evaluasi berupa “pemberian bonus dan pelatihan” atas kinerjanya