Claim Missing Document
Check
Articles

Found 23 Documents
Search

The Influence Of EPS, ROE, And NPM On Stock Returns In Food And Beverage Sub-Sector Companies Listed On The Indonesia Stock Exchange Lintang Dwi Wulandari; Burhanuddin; Hety Budiyanti; Nurman; Annisa Paramaswary Aslam
Journal of Studies in Academic, Humanities, Research, and Innovation Vol. 2 No. 2 (2025): December 2025
Publisher : Ponpes As-Salafiyyah Asy-Syafi'iyyah

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.71305/sahri.v2i2.1134

Abstract

The food and beverage sector is a strategic sector that has a significant contribution to driving Indonesia's economic growth. However, in the 2019–2024 period, this sector experienced pressure due to high food inflation, rising raw material costs, and weakening public purchasing power which affected stock return fluctuations. (2) This condition is the background to this study which aims to examine the effect of Earning Per Share (EPS), Return on Equity (ROE), and Net Profit Margin (NPM) on stock returns in food and beverage sub-sector companies listed on the Indonesia Stock Exchange (IDX). (3) This study uses a quantitative approach with a panel data regression analysis method processed using EViews 12 software, with a total sample of 18 companies during the 2019–2024 period. (4) The results of the analysis show that both partially and simultaneously, the EPS, ROE, and NPM variables do not have a significant effect on stock returns. This indicates that profitability performance has not been able to provide a positive signal for investors in assessing the potential for stock returns. (5) Thus, the results of this study do not support Signaling Theory and provide an indication that stock return movements in the food and beverage sub-sector are more influenced by external factors such as food inflation and macroeconomic conditions compared to the company's internal financial performance.
The Effect Of Perceived Usefulness, Perceived Ease Of Use, And Perceived Security On E-Wallet Usage Interest With Trust As An Intervening Variable (Case Study Of Makassar State University) Nabila Lutfiah Amiruddin; Muhammad Ichwan Musa; Hety Budiyanti
Journal of Studies in Academic, Humanities, Research, and Innovation Vol. 2 No. 2 (2025): December 2025
Publisher : Ponpes As-Salafiyyah Asy-Syafi'iyyah

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.71305/sahri.v2i2.1142

Abstract

This study examines the effect of perceived usefulness, perceived ease of use, and perceived security on students’ interest in using e-wallets, with trust functioning as an intervening variable. The research was conducted at Makassar State University using a quantitative causal approach. A total of 50 respondents were selected through purposive sampling, limited to students actively using e-wallets for at least the last six months. Data were analyzed using multiple linear regression with SPSS 30. Descriptive statistics show consistent perceptions among respondents, with perceived usefulness (Min = 25; Max = 40; SD = 3.608), perceived ease of use (Min = 23; Max = 40; SD = 3.678), and perceived security (Min = 24; Max = 40; SD = 3.645). Meanwhile, intention to use e-wallets shows higher variation (Min = 29; Max = 51; SD = 4.688). Regression results demonstrate that perceived usefulness (t = 4.244; B = 0.634; Sig. = 0.003), perceived ease of use (t = 5.421; B = 0.674; Sig. = 0.000), and perceived security (t = 5.954; B = 0.676; Sig. = 0.000) significantly influence usage interest. Perceived ease of use provides the strongest influence. The F-test (F = 80.533; Sig. = 0.000) further confirms that the overall model significantly predicts e-wallet usage intention. Additionally, trust acts as an intervening variable that strengthens the influence of perceived security on usage interest, indicating that higher trust enhances adoption behavior. The study concludes that improving usefulness, ease of use, and security along with building user trust is essential for increasing students’ e-wallet adoption.
Financial Performance Analysis At PT Indofood Sukses Makmur Tbk For The Period 2020-2024 Isra' Indriyani; Nurman; Hety Budiyanti
Journal of Studies in Academic, Humanities, Research, and Innovation Vol. 2 No. 2 (2025): December 2025
Publisher : Ponpes As-Salafiyyah Asy-Syafi'iyyah

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.71305/sahri.v2i2.1154

Abstract

This study analyzes the financial performance of PT Indofood Sukses Makmur Tbk during the period 2020-2024, a challenging era marked by the COVID-19 pandemic, inflation, exchange rate fluctuations, and dependency on commodity imports. The research objectives are to evaluate the company's overall financial health through comprehensive financial ratio analysis encompassing liquidity, solvency, activity, and profitability aspects, while integrating the influence of external macroeconomic factors on operational performance. This study employs a quantitative descriptive method with a case study approach, utilizing secondary data from annual financial reports and official sources including IDX, BI, and BPS. Financial ratio calculations are performed to evaluate year-to-year performance trends. The main findings reveal that PT Indofood demonstrated significant improvement across all financial dimensions: liquidity ratios increased from 1.37 to 2.15, indicating strong short-term debt servicing capability; solvency ratios improved with DAR declining from 0.51 to 0.46 and DER from 1.06 to 0.85, reflecting reduced dependency on external financing; profitability recovered with NPM reaching 7.5%, ROA 6.7%, and ROE 12.5% in 2024 after a temporary decline in 2022; and activity ratios remained stable with TATO ranging between 0.50-0.61 times, demonstrating efficient asset utilization. In conclusion, PT Indofood successfully navigated the pandemic challenges and volatile economic conditions through effective cost management, operational efficiency improvements, and prudent financial strategies, positioning the company for sustainable growth in the post-pandemic era.