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THE RELATIONSHIP OF CREDIT CHARACTERITICS AND COAL PRICE WITH REPAYMENT CAPACITY: CASE STUDY OF A HEAVY EQUIPMENT LEASING COMPANY Subekti, Hanifa Endru; Faturohman, Taufik
Journal of Business and Management Vol 6, No 3 (2017)
Publisher : Journal of Business and Management

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Abstract

Abstract. Deputy of OJK also said that in 2015, heavy equipment leasing company has the highest level of non-performing financing (NPF) compared to other leasing with 4.34%. This research has an aim to find the determinants of NPF in a heavy-equipment leasing company. The method used is multi-linear regression and logistic regression. This research used two methods because the dependent variable could be interpreted using two ways, continuous variables and binary. The independent variables used are amount of financing, amount of security deposit, effective rate, tenor, percentage of financing, age of contract and coal price. For the dependent variable used is the NPF status itself drawn from the lessee’s maximum overdue days. The result for multi-linear regression shows amount of financing, tenor, percentage of financing and coal price have positive relationship with NPF. Also, age of contract has negative relationship with NPF. Logistic regression result shows that percentage of financing and tenor have positive relationship with NPF and age of contract has negative relationship with NPF. The result of this research aim to help the company in risk-profiling their lessee, also help the future research to broaden the research subject for this type of research. Keywords: determinants, heavy-equipment, leasing, NPF, repayment capacity
Analisa Tekno-Ekonomi Perencanaan Teknologi Long Term Evolution (LTE) di Kota Tasikmalaya Hesti Susilawati; Widhiatmoko H.P.; Taufik Faturohman
Jurnal Rekayasa Elektrika Vol 9, No 4 (2011)
Publisher : Universitas Syiah Kuala

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Abstract

Kebutuhan komunikasi berbasis data terus meningkat. Seperti sekarang banyak gadget canggih, namun tanpa jaringan internet yang baik hanya akan berfungsi seperti ponsel biasa. Lemahnya dukungan berujung pada kelambatan dan sekali lagi vendor jaringan mencoba memberikan solusi kepada para operator. Kali ini harapan baru dengan teknologi Long Term Evolution (LTE), sebuah teknologi seluler generasi keempat (4G). Pada kesempatan ini dilakukan analisa perencanaan teknologi LTE di Kota Tasikmalaya sebagai bahan pertimbangan dalam perencanaan untuk operator yang akan membangun jaringan LTE. Hasil perhitungan menunjukan bahwa nilai spesifikasi jaringan yang direncanakan untuk luas sel dan jarak jangkauan eNode B. Untuk mencakup seluruh Kota Tasikmalaya diperlukan 21 buah eNode B, dan juga diperhitungkan analisa ekonomi berdasarkan data yang ada di lapangan berupa jumlah penduduk Kota Tasikmalaya untuk mengetahui kelayakan investasi suatu perencanaan. Dan berdasarkan perhitungan NPV diketahui bahwa perencanaan teknologi LTE adalah layak untuk dilakukan.
Penilaian Untuk Akuisisi Sekolah Dasar: Evaluasi Kelayakan Finansial Di Sektor Pendidikan Syauqi, Shidqi; Faturohman, Taufik
Jurnal Mirai Management Vol 9, No 2 (2024)
Publisher : STIE AMKOP

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.37531/mirai.v9i2.7146

Abstract

ABSTRAK YAB Foundation sedang mempertimbangkan akuisisi sebuah sekolah dasar swasta di Bandung sebagai bagian dari ekspansi strategis di sektor pendidikan. Akuisisi ini bertujuan untuk mendukung misi YAB dalam menyediakan pendidikan berkualitas tinggi dan mendukung pengembangan pendidikan regional. Tesis ini secara komprehensif mengevaluasi kelayakan finansial dari usulan akuisisi ini, memberikan wawasan penting bagi pengambil keputusan untuk menilai kelayakan investasi. Analisis keuangan menggunakan metode aliran kas terdiskonto (Discounted Cash Flow), dengan memanfaatkan tingkat diskonto sebesar 11,33% untuk menghitung nilai saat ini (Net Present Value) dan tingkat pengembalian internal (Internal Rate of Return). Investasi awal yang diperlukan untuk akuisisi ini adalah sebesar Rp 22.500.000.000. Hasil analisis keuangan menunjukkan nilai saat ini negatif sebesar Rp -5.059.749.78 dan tingkat pengembalian internal sebesar 6,88%. Temuan ini menunjukkan bahwa akuisisi mungkin tidak layak secara finansial berdasarkan asumsi saat ini. Nilai saat ini yang negatif mengindikasikan bahwa arus kas yang diharapkan tidak cukup untuk menutupi investasi awal dan biaya terkait. Tingkat pengembalian internal yang lebih rendah dari tingkat diskonto menunjukkan bahwa tingkat pengembalian investasi tidak memenuhi persyaratan minimum. Oleh karena itu, YAB Foundation perlu mempertimbangkan negosiasi ulang harga akuisisi dan penerapan langkah-langkah efisiensi biaya untuk meningkatkan kelayakan finansial. Peningkatan jumlah siswa dan optimalisasi tarif biaya sekolah juga dapat membantu meningkatkan pendapatan dan mengurangi risiko keuangan. Analisis ini memberikan dasar yang kuat bagi YAB Foundation dalam membuat keputusan strategis yang tepat terkait investasi ini. Keywords: Kelayakan Finansial, Sekolah Dasar, Valuasi Akuisisi, Aliran Kas Terdiskonto, Investasi Pendidikan
Penilaian Untuk Akuisisi Rumah Sakit: Evaluasi Kelayakan Finansial Di Sektor Kesehatan Yogantara, Satya Elang; Faturohman, Taufik
Jurnal Mirai Management Vol 9, No 2 (2024)
Publisher : STIE AMKOP

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.37531/mirai.v9i2.7145

Abstract

PT SMI berencana mengakuisisi sebuah rumah sakit di Bandar Lampung sebagai bagian dari ekspansi strategis di sektor kesehatan. Akuisisi ini bertujuan untuk mendukung misi PT SMI dalam menyediakan layanan kesehatan berkualitas tinggi dan meningkatkan infrastruktur kesehatan regional. Penelitian ini mengevaluasi kelayakan finansial dari rencana akuisisi ini secara menyeluruh, memberikan wawasan penting bagi pengambil keputusan untuk menilai kelayakan investasi. Analisis keuangan dilakukan menggunakan metode Diskonto Arus Kas (DCF), dengan tingkat diskonto sebesar 12% untuk menghitung Nilai Kini Bersih (/NPV) dan Tingkat Pengembalian Internal (IRR). Investasi awal yang dibutuhkan untuk akuisisi ini adalah Rp 55.680.178.000. Hasil analisis menunjukkan NPV sebesar Rp 7.300.351 dan IRR sebesar 14.40%. Hasil ini mengindikasikan bahwa akuisisi ini layak secara finansial berdasarkan asumsi yang digunakan. NPV yang positif menunjukkan bahwa arus kas yang diharapkan cukup untuk menutupi investasi awal dan biaya terkait, sementara IRR yang lebih tinggi dari tingkat diskonto menunjukkan bahwa tingkat pengembalian investasi memenuhi syarat minimum. Analisis sensitivitas mengidentifikasi dua belas faktor kritis yang mempengaruhi valuasi, termasuk Tingkat Hunian Tempat Tidur (BOR), Lama Tinggal (LOS), volume pasien, kenaikan tarif, biaya akuisisi, belanja modal, biaya pendapatan, biaya operasional, dan Biaya Modal Rata-Rata Tertimbang (WACC). Berdasarkan temuan ini, beberapa rekomendasi diajukan untuk meningkatkan valuasi rumah sakit dan memastikan keberhasilan jangka panjang. Rekomendasi ini mencakup optimalisasi efisiensi operasional, peningkatan manajemen keuangan, perluasan dan diversifikasi layanan, penguatan posisi pasar, pembudayaan perbaikan berkelanjutan, penerapan praktik berkelanjutan, pemanfaatan kemitraan strategis, fokus pada perawatan yang berpusat pada pasien, dan pemantauan perubahan regulasi. Dengan mengatasi faktor-faktor ini dan menerapkan strategi yang direkomendasikan, PT SMI dapat mengoptimalkan hasil finansial dan strategis dari akuisisi rumah sakit ini, memastikan keberlanjutan dan kesuksesan di industri kesehatan yang kompetitif. Keywords: Kelayakan Finansial, Rumah Sakit, Valuasi Akuisisi, Aliran Kas Terdiskonto, Investasi Kesehatan
Proposed Methodology For Indonesian State-Owned Enterprises To Conduct Corporate Spin-Off Adrian Pasca; Dermawan Wibisono; Ima Fatima; Taufik Faturohman; Herry Hudrasyah; Alpha Pudjono
EKOMBIS REVIEW: Jurnal Ilmiah Ekonomi dan Bisnis Vol 12 No 3 (2024): Juli
Publisher : UNIVED Press

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.37676/ekombis.v12i3.5509

Abstract

This research addresses the absence of a formal framework for compliance with corporate spin-offs within Indonesian state-owned enterprises (SOEs). Focusing on a real issue within a state-owned aviation company, the study proposes a comprehensive methodology for SOEs to navigate spin-offs, ensuring adherence to regulatory requirements. By collecting and interpreting relevant regulations and conducting interviews where guidelines are unclear, the research establishes detailed flowcharts outlining the step-by-step procedure. The suggested solution involves following these flowcharts, considering five critical aspects, including government regulation and business law, to successfully implement spin-offs. It is important to note that the proposed methodology is specific to Indonesian state-owned enterprises and is based on government regulations as of November 2023. Users should adapt the methodology in case of regulatory amendments or new compliance-related issues. The research, however, focuses solely on the steps leading to the commencement of new entity operations and does not extend beyond this phase.
Financial Satisfaction, Life Satisfaction and Psychological in Different Demographic Characteristics Hidayat, Aisyah Indriaeni; Faturohman, Taufik
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.v4i3.380

Abstract

Examining the relationship between demographic factors and financial satisfaction, life satisfaction, and psychological factors is crucial in an increasingly complex financial landscape. An optimistic outlook on financial status leads to higher life satisfaction, suggesting that financial stability enhances overall satisfaction and happiness. The research investigates how sociodemographic traits influence subjective well-being, particularly focusing on financial satisfaction, psychological well-being, and life satisfaction. The method utilized in this study is descriptive statistical analysis. Data collection is conducted through surveys, with 210 total respondents. The findings highlight the complex relationship between sociodemographic characteristics and subjective well-being, indicating that shifting social norms significantly influence how people view their work situation and overall happiness.
Financial Satisfaction and Psychological in Different Demographic Characteristics Fahmi, Ranip; Faturohman, Taufik
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.v4i3.382

Abstract

This study analyzes Subjective Well-Being (SWB), comprising Financial Satisfaction and Psychological Well-Being, among productive young adults aged 18–35 in Indonesia. It evaluates the influence of demographic factors such as gender, age, employment status, education level, income, and expenses on SWB. Data were collected through an online questionnaire using a six-point Likert scale, with 344 valid responses from a total of 347 respondents. The findings reveal that males have higher SWB compared to females. Respondents aged 26–35 reported the highest financial satisfaction, while those aged 18–25 showed the best psychological well-being. Full-time workers and individuals with higher education levels reported the highest SWB. Additionally, incomes exceeding IDR 10,000,000 and controlled expenses positively contributed to SWB. This study recommends financial literacy programs and accessible mental health services to reduce financial stress and improve the well-being of Indonesia's young adults.
Capital Budgeting Analysis of Door-to-Port Container Train Transport from Gedebage Container Terminal to JICT Port Project Hartasantoso, Fakhrul; Faturohman, Taufik
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.v4i3.383

Abstract

This research aims to analyze the feasibility of the project for KAI. In this research, researchers used capital budgeting analysis and risk analysis. For the capital budgeting analysis, there are several parameters to be considered, namely Net Present Value (NPV), Internal Rate of Return (IRR), Payback Period and Profitability Index based on the calculation of free cash flow to the project. For the risk analysis, the author used sensitivity analysis and monte carlo simulation. In this research, researchers develops three scenarios based on different components such as: (1) percentage of Non-Contract IMO BMN, (2) Track Access Charge and (3) Price of Train Transport. Out of the three scenarios, the third scenario was the best scenario with the percentage of Non-Contract IMO BMN was 0%, track access charge was IDR 1/GT-Km and Price of Train Transport was IDR 4,700,000. Based on the calculation of discounted cash flow, the NPV was IDR 690 million, the IRR was 55%, Payback Period in 2.94 years and Profitability Index was 2.29. Based on the parameters, the project was defined feasible only if the condition in the third scenario met. There are several variables that influence the feasibility for the project, namely Price of Train Transport, percentage of Non-Contract IMO BMN, market growth and inflation rate.
Impact of Import Duties and PPh 22 Rates on Electronics and Telematics Industry Production Performance Adam, Muhammad Ibrahim; Faturohman, Taufik
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.v4i3.384

Abstract

In this study, the authors attempt to provide an analysis of the effects of import duty rates and PPh22 rates on the performance of the electronics and telecommunications industry in Indonesia by considering the years 2022 and 2023 as the main data. The study also aims to understand through statistical methods the effects of these fiscal policies on various parameters of industry performance with special reference to local production. The study shows that while the policy may strengthen domestic production, there are considerable challenges in the export growth sector. In addition, the greater fiscal burden makes Indonesian electronics and telecommunications products less competitive at the international market level. Meanwhile, direct export tariffs have arguably the least effect on exports compared to PPh22, but the combination of these two policies will affect raw material costs in aggregate, which in turn negatively affects the competitiveness of export products. This study underscores the importance for policymakers in balancing between the export tariff of PPh22 and other types of tariff acceleration for levying considerations for domestic production levels and binding competitiveness. Therefore, optimizing the management of this fiscal policy is deemed very necessary to be examined in order to boost sustainable growth for the electronics and telecommunications industry in Indonesia and the addition of local production capacity.
Impact of customer default on cash conversion cycle and net working capital in construction company Maesaroh, Maya; Faturohman, Taufik
International Journal of Financial, Accounting, and Management Vol. 6 No. 3 (2024): December
Publisher : Goodwood Publishing

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.35912/ijfam.v6i3.2120

Abstract

Purpose: This study aimed to determine the effect of customer default on the Cash Conversion Cycle and Net Working Capital in construction companies. Method: This study uses secondary data from companies’ financial reports to calculate the Cash Conversion Cycle, Net Working Capital, and Spearman's rho Correlation Test to determine the relationship between the two variables. Results: The results show that SOE customer default affects the condition of the Cash Conversion Cycle, especially in 2023, where the Cash Conversion Cycle value in Q123 (85 days) and Q223 (64 days), but the worst Cash Conversion Cycle results during the observation period are in Q122 (134 days). In Net Working Capital, there are only three periods with negative results: Q219 (-3.1B), Q319 (-461M), and Q421 (-4B), but not in 2023, because in 2023, the result is positive (or liquid). Spearman's rho Correlation Test shows that the relationship between the two variables is negatively correlated by -0.319, and the significance is 0.184, or the two variables are not significant. Limitations: This study was limited to construction companies in Bandung. The data taken from 2019 to Q3-2023 only focus on the influence of SOE customer defaults on the company's Cash Conversion Cycle and Net Working Capital.   Contribution: This study provides the best solution to the problem of customer default in the Cash Conversion Cycle and Net Working Capital in a construction company. If the solution is applied to the company, an implementation plan is created to fix the problem.