Article Per Year (5 Year)
p-Index From 2021 - 2026
0.659
P-Index
This Author published in this journals
All Journal JEMMA | Journal of Economic, Management and Accounting BJRM (Bongaya Journal of Research in Management) Gemilang: Jurnal Manajemen dan Akuntansi
Arini Lestari Aris
Unknown Affiliation
Humanities Decision Sciences, Operations Research & Management Economics, Econometrics & Finance Education Industrial & Manufacturing Engineering

Published : 3 Documents Claim Missing Document
Claim Missing Document
Check
Articles

Found 3 Documents
Search

 1 
Pengaruh Pertumbuhan Aset, Ukuran Perusahaan, Nilai Tukar, dan Suku Bunga terhadap Nilai Perusahan pada Perusahaan Food & Beverage di Bursa Efek Indonesia Firna Dao; Rafiqah Asaff; Arini Lestari Aris; Suryati Syam; Mursida Mursida
JEMMA (Journal of Economic, Management and Accounting) Vol 5, No 1 (2022): Maret 2022
Publisher : Universitas Andi Djemma

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.35914/jemma.v5i1.1041

Abstract

This research aims to find out the effect of asset growth, company size, exchange rate and interest rates on company value (empirical study on food and beverage companies listed on the Indonesia Stock Exchange for the period 2017-2019). The growth of assets and the size of the company is an internal factor of the company, while the exchange rate and interest rates are external factors of the company. The population of this study amounted to 28 companies and the determination of samples using  purposive sampling  methods with predetermined criteria and produced 15 research samples. For the data analysis method used is multiple regression by looking at the F test, t and R² test. The results of this study showed that asset growth had no effect on the value of the company, the size of the company had no effect on the value of the company, the exchange rate had no effect on the value of the company.
Analisis Financial Distress Menggunakan Metode Altman Z-Score Pada PT Sepatu Bata Tbk Periode 2021-2023 Nadia Usman; Dirga Yunita, Beatriks; Nurul Falah Islami; Komang Tri Kusuma Ningsih; Rafiqah Asaff; Arini Lestari Aris
BJRM (Bongaya Journal For Research in Management) Vol. 7 No. 2 (2024): BJRM (Bongaya Journal of Research in Management)
Publisher : LPPM STIEM BONGAYA

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.37888/bjrm.v7i2.619

Abstract

PT Sepatu Bata Tbk is one of the companies listed on the IDX which is engaged in the footwear industry and produces various types of leather shoes and sandals. The company's finances began to deteriorate in 2020, and continues to this day. In its latest financial report, Bata posted losses for four consecutive years. The research objectives to be achieved in this study are to determine the analysis of the level of bankruptcy using the Altman Z-Score method at PT Sepatu Bata Tbk for the 2021-2023 period. The analysis technique used in this study is to use the Altman Z-Score model. in 2021 a Z-Score value of 2.55 was obtained. With an assessment criterion of 1.81 < 2.55 < 2.99, which means that PT Sepatu Bata Tbk is in the gray area category. From this study, it was found that in 2022, a Z-score value of 1.64 was obtained with an assessment criterion of 1.64 < 1.81, which means that PT Sepatu Bata Tbk is in the bankrupt category. While in 2023, a Z-score value of 0.48 was obtained with an assessment criterion of 0.48 < 1.81, which means that PT Sepatu Bata Tbk is in the bankrupt category. PT Sepatu Bata Tbk in 2021 has an X1 ratio of 0.1815. In 2022 the value of the X1 ratio of PT Sepatu Bata Tbk decreased, namely 0.0121. Then in 2023 the X1 ratio value decreased again, namely -0.0847. The decrease in the X1 ratio value of PT Sepatu Bata Tbk every year is caused by the unstable value of current assets, current debt, and total assets of PT Sepatu Bata Tbk. Ratio X3 of PT Sepatu Bata Tbk in 2021 has a value of -0.297. In 2022 the X3 ratio also has a value of -0.09. In 2023 the value of the X3 ratio of PT Sepatu Bata Tbk decreased, namely -0.27. The minus value in the X3 ratio of PT Sepatu Bata is because the company suffered losses in those 3 years. From the research it can be concluded that PT Sepatu Bata Tbk for the period 2021-2023 using the Altman Z-score model, the results obtained in 2021 PT Sepatu Bata Tbk is in a gray area, which means that the company is in an unhealthy financial condition and is not bankrupt either. Meanwhile, in 2022 and 2023 PT. Sepatu Bata Tbk is in bankrupt condition, which means that the company's financial condition is not healthy
Analisis Laporan Arus Kas sebagai Alat untuk Menilai Kinerja Keuangan Perusahaan PT Kimia Farma Tbk Periode 2022-2024 Natira Tuti Billing; Zhunita Pasampe; Yesi Resa Marana; Arini Lestari Aris; Rafiqah Asaf
GEMILANG: Jurnal Manajemen dan Akuntansi Vol. 5 No. 4 (2025): Oktober :Jurnal Manajemen dan Akuntansi
Publisher : BADAN PENERBIT STIEPARI PRESS

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.56910/gemilang.v5i4.3018

Abstract

This study aims to analyze the cash flow statement as an important tool in assessing the financial performance of PT Kimia Farma Tbk for the period 2022–2024. The cash flow statement, which consists of cash flows from operating, investing, and financing activities, provides an objective and comprehensive overview of the company's liquidity, solvency, and cash management efficiency. The analysis shows that during the study period, PT Kimia Farma Tbk experienced fluctuations in cash flow across these three activities. In 2022–2023, there was an increase in cash and cash equivalents, reflecting relatively good operational performance and efficient fund management. However, in 2023–2024, cash decreased again due to a combination of factors, including increased capital expenditures, payment of obligations, and decreased revenue from operating activities. These findings confirm that optimal cash management is key to maintaining smooth operations and supporting strategic decision-making. The cash flow statement is considered capable of providing more accurate information regarding actual financial performance than relying solely on the income statement. This is because net income does not always reflect the cash available to finance operational and investment activities. Thus, the cash flow statement can serve as a primary reference for management, investors, creditors, and other stakeholders in evaluating financial strength, detecting potential liquidity risks, and planning future financial strategies. This research is expected to contribute to the financial literature, particularly regarding the importance of cash flow statement analysis as a basis for evaluating company performance, while also providing input for similar companies to prioritize healthy and sustainable cash management.  
Co-Authors Dirga Yunita, Beatriks Firna Dao Komang Tri Kusuma Ningsih Mursida Mursida Nadia Usman Natira Tuti Billing Nurul Falah Islami Rafiqah Asaf Rafiqah Asaff Rafiqah Asaff Suryati Syam Yesi Resa Marana Zhunita Pasampe