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FINANCIAL ANALYSIS OF TOURISM, RESTAURANT, HOTEL COMPANIES: PRE- PANDEMIC AND COVID-19PANDEMIC PERIOD Febiyanti, Angel; Hastuti, Rini Tri
International Journal of Application on Economics and Business Vol. 2 No. 3 (2024): Agustus 2024
Publisher : Graduate Program of Universitas Tarumanagara

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.24912/ijaeb.v2i3.318-326

Abstract

This research aims to evaluate the differences in the financial condition of companies in the hotel, restaurant and tourism sub-sectors listed on the Indonesia Stock Exchange during the pre-pandemic period (2018-2019) and in the midst of the Covid-19 pandemic (2020-2021). Using three financial indicators (liquidity, profitability, and solvency), the research involved 120 samples from 10 companies using purposive sampling. Through a quantitative approach and data analysis using Microsoft Excel and SPSS 26 with paired sample t-test, the research findings indicate variability in financial performance, measured through the Current Ratio (CR), Return on Assets (ROA), and Debt to Equity Ratio (DER), between the pre-pandemic and Covid-19 pandemic periods. The implication is to provide in-depth understanding and crucial insights for business practitioners and stakeholders in maintaining the corporatefinances through financial ratio analysis, especially in facing unpredictable economic dynamics.
PERFORMANCE ASSESSMENT OF THE FINANCIAL SECTOR IN THE HEALTH INDUSTRY ON THE INDONESIA STOCK EXCHANGE BEFORE AND DURING THE PANDEMIC Tanahashi, Ai; Hastuti, Rini Tri
International Journal of Application on Economics and Business Vol. 2 No. 3 (2024): Agustus 2024
Publisher : Graduate Program of Universitas Tarumanagara

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.24912/ijaeb.v2i3.249-260

Abstract

The effect following the Corona virus pandemic on the global economy was very large with the International Monetary Fund estimating a contraction of the global economy of 4.4% in 2020 which would result in a very large recession after the second world war. With this continuation, Indonesia's economic growth contracted by 2.07% in 2020 and is expected to improve gradually in 2021. The level of profitability can be determined by analyzing financial reports which are defined as a means of systematically conveying financial position and performance which is composed of a corporate whose aim is to receive notifications in the form of useful information for stakeholders to make decisions related to the economy. The purpose of this research is to determine the financial performance analysis before and during the Corona virus pandemic in healthcare companies listed on the Indonesia Stock Exchange from 2018 to 2021. The method used in this research is purposive sampling, and with this method, 17 companies that meet the specified criteria were identified. As a result, 68 data points were obtained as the research sample. Then, this study employs the paired sample t-test method to analyze the data. The research findings indicate differences in profitability and activity before and during the Corona virus pandemic, while liquidity and leverage remain unchanged.
ANTIOXIDANT ACTIVITY TEST OF A FUNCTIONAL DRINK MIXED FROM MORINGA LEAVES DECOCTION EXTRACT (Moringa oleifera) AND GARLIC DECOCTION EXTRACT (Allium sativum) USING THE DPPH METHOD Rusita, Youstiana Dwi; Hastuti, Rini Tri
Jurnal Jamu Kusuma Vol. 4 No. 2 (2024): JURNAL JAMU KUSUMA
Publisher : Poltekkes Kemenkes Surakarta

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.37341/jurnaljamukusuma.v4i2.117

Abstract

Antioxidants are essential to increase endurance and maintain the immune system to prevent the entry of various diseases. Antioxidants are found in many fruits and vegetables, one of which is moringa and garlic. Moringa leaves and garlic have properties as a source of antioxidants and can increase the body's immune system so that it can be processed into functional drinks. The manufacture of functional drinks MOSA (Moringa oleifera (Leaves) & Allium sativum (Garlic)) uses the flavor of palm sugar, which is known to have antioxidant activity. The purpose of this study was to determine the pH and antioxidant activity of functional beverages MOSA. In this study, pH testing used a pH meter, and antioxidant activity testing used a UV-Vis spectrophotometer with the DPPH method. The maximum wavelength of the control solution obtained is 518 nm, with an absorbance of 0.786. The results showed that the average pH was 6.574, and the IC50 was 45.931. The low pH in MOSA functional drinks is low acidic and has very strong antioxidant activity. The low pH value of MOSA functional beverage meets the quality requirements after MOSA is dissolved with water so that it has the potential to be a functional drink.
PERFORMANCE OF FOOD AND BEVERAGE COMPANIES BEFORE AND DURING THE CORONA VIRUS PANDEMIC Hastuti, Rini Tri; Andrew, Richard; Cahyani, Felita
International Journal of Application on Economics and Business Vol. 2 No. 4 (2024): November 2024
Publisher : Graduate Program of Universitas Tarumanagara

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.24912/ijaeb.v2i4.702-710

Abstract

The spread of Corona virus is happening so fast in almost all countries in the world, including Indonesia. The effect of this pandemic is felt by several industrial sectors, including companies that run their businesses in the food and beverage sector. The purpose of this study is to test and analyze the differences in the performance or financial performance of food and beverage companies listed on the Indonesia Stock Exchange before and during the Corona virus outbreak when viewed from net profit margin (NPM), debt to asset ratio (DAR), total asset turnover (TATO), and current ratio (CR). The purposive sampling method is applied in the sample selection process. The samples processed in this study were from 8 companies. This study uses secondary data in the form of financial statement data for food and beverage companies from 2018 to 2021. The data is divided into two periods, namely 2018 to 2019 for the period before the Corona virus pandemic, and 2020 to 2021 as the period during the Corona virus pandemic. Hypothesis testing uses a paired sample t-test, and the data is processed with the help of IBM SPSS Version 26 software. The results revealed that there were differences in NPM and TATO before and during the Corona virus pandemic, and there were no differences in DAR and CR before and during the Corona virus pandemic.
COMPARISON OF TRANSPORTATION COMPANY PERFORMANCES: PRE AND DURING CORONA VIRUS PANDEMIC Pawitraj, Pingky; Hastuti, Rini Tri
International Journal of Application on Economics and Business Vol. 2 No. 4 (2024): November 2024
Publisher : Graduate Program of Universitas Tarumanagara

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.24912/ijaeb.v2i4.743-750

Abstract

The effect of the Corona virus pandemic on the global economy is very large with the International Monetary Fund (IMF) estimating a global economic contraction in 2020 will result in a very large recession after the second world war. With this continuation, Indonesia's economic growth experienced a contraction of 2.07% in 2020 and is expected to improve gradually in 2021. The transportation sector is the industrial sector that was most significantly effected during the pandemic. This sector is one of the industrial sectors that collapsed due to the Corona virus pandemic, where corporate performance experienced a serious effect. Financial performance measures the level of success of a corporate. This research examines differences in the financial performance of transportation companies during the Corona virus pandemic and compares it with the period before the pandemic.The research used data from 2018-2021, with a total number of 132 samples from 11 companies that met the criteria of purposive sampling. Current Ratio, Return on Assets, and Debt to Assets Ratio are proxies in this research where Microsoft Excel and SPSS version 27 were used as data processing tools. Descriptive statistics was the first step, continued by classical assumption test in the form of normality test, and ended with hypothesis testing using the Paired Sample t-test. The research results show no differences in Current Ratio, differences in Return on Assets, and no differences in Debt to Assets Ratio. The implication of this research is to provide insights for companies to plan strategies and reduce risks.
PENGARUH PROFITABILITAS DAN LIKUIDITAS TERHADAP HARGA SAHAM PERUSAHAAN SEKTOR HEALTHCARE Halim, Jeanne Natalia; Hastuti, Rini Tri
Jurnal Paradigma Akuntansi Vol. 7 No. 1 (2025): Januari 2025
Publisher : Fakultas Ekonomi, Universitas Tarumanagara

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.24912/jpa.v7i1.33120

Abstract

This research will provide an alternative in estimating the fair price of a stock, especially in the healthcare sector, by considering the effect of Return on Assets (ROA) and Current Ratio (CR). In this study, data will be used for the annual financial statements of companies from 2018 - 2021 that are listed on the Indonesian Stock Exchange and have already conducted an Initial Public Offering (IPO). The data used in this study are 60 data each for ROA, CR, and stock prices when the Financial Statements are released to the public. Company data selection method is non-probability sampling with purposive sampling technique. This data processing and testing technique uses Eviews-12. The conclusion of this research are that ROA and CR have a significant influence either partially or simultaneously on the stock prices of health sector companies. These results were obtained by researchers using multiple linear analysis methods.
PENGARUH PANDEMI COVID-19, VOLUME PERDAGANGAN SAHAM, DAN KAPITALISASI PASAR TERHADAP RETURN SAHAM Silvianto, Crystalice Stephanie; Hastuti, Rini Tri
Jurnal Paradigma Akuntansi Vol. 7 No. 2 (2025): April 2025
Publisher : Fakultas Ekonomi, Universitas Tarumanagara

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.24912/jpa.v7i2.33777

Abstract

This study was conducted with the aim of knowing and proving whether there is an influence of daily growth in positive Covid-19 confirmed cases, stock trading volume and market capitalization on stock returns contained in the LQ-45 index on the Indonesia Stock Exchange (IDX) starting from February 3, 2020 to January 31, 2022. In this study, it used a non-probability sampling method to determine the sample to be used. This study used 35 samples of companies that had been selected through the criteria specified in this study. In this study, collecting secondary data and the data that has been obtained will be processed using Microsoft Excel and also Eviews software version 10. The results of this study show that the growth of positive daily cases of Covid-19, trading volume and market capitalization negatively affects stock returns.
SOME FACTORS THAT INFLUENCE ON DEBT POLICY Wijaya, Tony; Hastuti, Rini Tri
International Journal of Application on Economics and Business Vol. 2 No. 2 (2024): May 2024
Publisher : Graduate Program of Universitas Tarumanagara

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.24912/ijaeb.v2i2.3358-3370

Abstract

A company is considered at risk if it has a large portion of debt in its capital structure, but conversely, if a company uses little or no debt at all, the company is considered unable to take advantage of additional external capital that can improve the company's operations. Based on these reasons, managers are required to be more careful in determining debt policies in their companies. Meanwhile, according to the trade of theory, the higher the debt, the higher the bankruptcy burden. Based on the general assumptions of the pecking order theory and trade of theory, the use of debt should be low. However, many companies still pay high debt. From these reasons, research on debt policy needs to be examined. This study aims to empirically prove the impact of company characteristics, asset structure, and profitability on debt policies in property and real estate companies listed on the Indonesia Stock Exchange (IDX) in 2019-2021. The data used in this study were 28 companies. The sample used was 84 sample data selected using purposive sampling method which were processed using EViews version 12. The result of this study indicates that all independent variables simultaneously have no significant impact on debt policy as shown by the results of the F test. The results of the T test explain that company characteristics have a negative and insignificant impact on debt policy, asset structure has a negative and insignificant impact on debt policy, and profitability has a positive and insignificant impact on debt policy.
ANALYSIS OF FINANCIAL PERFORMANCE PRE AND DURING THE CORONA VIRUS PANDEMIC OF BANKING COMPANIES Winata, Catherine Liusca; Hastuti, Rini Tri
International Journal of Application on Economics and Business Vol. 3 No. 1 (2025): February 2025
Publisher : Graduate Program of Universitas Tarumanagara

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.24912/ijaeb.v3i1.248-257

Abstract

The Corona virus pandemic has spread to several countries, one of which is Indonesia. The impact of the Corona virus pandemic has disrupted several industrial sectors, including banking, which is the driving force of a country's economy and economic growth in Indonesia has experienced a decline during the pandemic.The aim and purpose of this study is to evaluate and analyze the comparison of financial performance before and during the Corona outbreak in companies in the banking sector that have been listed as the Stock Exchange in Indonesia (IDX) from 2018 to 2021. The sample method used is purposive sampling according to predetermined criteria, with a total of 11 companies as samples. Proxies used to measure financial performance comparisons include Return on Assets, Operating Expenses to Operating Income, and Loan to Deposit Ratio. Hypothesis testing was performed using SPSS Statistics 25 software with a Paired Sample t-Test difference test. The results of the study stated that there was a difference between the period before and when the Corona virus took place in the ratio of financial performance measured using the proxy Return on Assets, Operating Expenses to Operating Income, and Loan to Deposit Ratio in banking sector companies listed on the IDX.
PANDEMIC COVID-19, STOCK TRADE VOLUME, AND MARKET CAPITALIZATION ON SHARE RETURN Hastuti, Rini Tri; Stephanie, Crystalice
International Journal of Application on Economics and Business Vol. 3 No. 1 (2025): February 2025
Publisher : Graduate Program of Universitas Tarumanagara

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.24912/ijaeb.v3i1.258-268

Abstract

Instruments in the capital market consist of stocks, mutual funds, bonds, derivative instruments, Exchange Traded Funds (ETF) and other securities. In investing, investors and potential investors must first understand the risk profile so that they can then decide which instruments are suitable for investing. Starting at the end of 2019 the world was shocked by a global epidemic. This outbreak is called Coronavirus Disease (Covid-19). Due to the significant increase in positive cases, Large-Scale Social Restrictions (PSBB) were implemented starting from April 10 2020 until April 23 2020. This condition has had an impact on the investment world, especially in the capital market. This impact is reflected in the fluctuations in the share price of the investment instrument. Other factors that can affect stock prices in the capital market, namely stock trading volume and market capitalization. This study was conducted with the aim of knowing and proving whether there is an influence of daily growth in positive Covid-19 confirmed cases, stock trading volume and market capitalization on stock returns contained in the LQ-45 index on the Indonesia Stock Exchange (IDX) starting from February 3, 2020 to January 31, 2022. In this study, it used a non-probability sampling method to determine the sample to be used. This study used 35 samples of companies that had been selected through the criteria specified in this study. In this study, collecting secondary data and the data that has been obtained will be processed using Microsoft Excel and also Eviews software version 10. The results of this study show that the growth of positive daily cases of Covid-19, trading volume and market capitalization negatively affects stock returns.
Co-Authors Abigail, Tanya Edwina Agatha, Monica Agnes Andrea Agus Trianto Angel Virgiani Fransiska Angelica Angelica Ardhiansyah3, Ardhiansyah ARDIANSYAH ARDIANSYAH Ari Pambudi Ashianti, Agnes Augustpaosa Nariman Augustpaosa Nariman Billy Christian Cahyani, Felita Chandra, Felisia Shendy Chang, Michelle Daniel Alexander Darma, Elisa Gunawan Dewi Susilowati Elisabeth Hansel Ezra Frederick Febiyanti, Angel Felinda Yoe Ferick Catello Ferry Fernando Ferry Fernando, Ferry Flolinda, Karin Gilbert Wibisono Halim, Jeanne Natalia Humaira, Labiqah Indahyani, Devita Noor Indri Kusuma Dewi, Indri Kusuma Insiyah Insiyah Jesslin Chandra Joan Ananda Kho, Christian Lestari, Adelia Lusiana Lusiana Lusiana Lusiana M Bintang Prajogi Maghfur, Afza Nuzhat Matthew, Christian Melita Mulyani Mulyani, Melita Mulyaningrum, Haryanti Katini Natasya Jusuf Nathalia Andriani Noverius, Nelson Nur Rachmat Octaviani, Dian P., M. Bintang Pawitraj, Pingky Prajogi, M Bintang Prajogi, M. Bintang Prajogi, Muhammad Bintang Rakhmayanti, Regia Desty Rasyid, Ardhiansyah Rasyid, Ardiansyah Richard Andrew Sefika, Salva Setiyono, Stefani Velisia Setyorini, Yuyun Setyorini Silvianto, Crystalice Stephanie Stephanie, Crystalice Subagiyo, Didik Suryaningsih, Anthik Fajar Tan, Richard Bryan Tanahashi, Ai Threevani, Julianty Tony Wijaya Tri Setyoningsih Triyana Utama, Louis Valeria, Ellen Vivian Huang Widjaja, Gracia Agatha Winata, Catherine Liusca Witarsa, Anthony Claudio Yordan P Youstiana Dwi Rusita Youstiana Dwi Rusita, Youstiana Dwi Yulianson, Willy