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ANALISIS PERPUTARAN PIUTANG PADA PT WOM (WAHANA OTTOMITRA MULIARTHA) tbk FINANCE DI BLITAR Gandung Fitra Pambudi; Ronny Malavia Mardani; Budi Wahono
E-JRM : Elektronik Jurnal Riset Manajemen eJrm Vol. 8 No. 20 Agustus 2019
Publisher : UNIVERSITAS ISLAM MALANG

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Abstract

 This study aims to analyze how much the level of accounts receivable turnover at PT WOM (Wahana Ottomitra Multiartha) Finance Division Blitar in the period April - June 2019. The method of data collection in this study uses library research and field research . This type of research is quantitative descriptive, namely the results of this study are numerical data (numbers), after which it is processed and analyzed for conclusions.The analytical method used for testing accounts receivable in this study uses the receivable turn over (RTO) method, which aims to measure the liquidity and activity of the company's receivables. Average collection period (ACP), which aims to measure the average collection time for sales. The arrears ratio, which aims to find out how much the receivables are due and not yet collected from the number of credit sales made. Billing ratio, which aims to find out how much receivables are collected from the total receivables owned by the company.The results of this study indicate that the accounts receivable turnover rate of PT WOM (Wahana Ottomitra Multiartha) Finance Division of Blitar in April amounted to 15.3 times, May 13.7 times and June 13.1 times which is very good can still be in the set average. that is 15 times, so billing by the company is considered good and successful. The average collection of accounts receivable from the company in April was 24 days, May 26 days and June as many as 28 days. The collection period of this company's receivables is quite good, which is less than the company's average of 48 days, so it can be said that the company is very capable of handling billing on time even before maturity. The arrears ratio of companies experienced ups and downs which in April amounted to 14%, May 15% and June only 10%. Where the highest arrears are found in May which can harm the company because the funds should be able to turn back in fixed cash that is embedded in accounts receivable. The cause of the arrears in May was due to the fact that the month coincided with the month of Ramadan and Idul Fitri as well as the number of National holidays and leave for the month. The billing ratio experienced instability which in April was 86%, May 85% and June 90%. Actually the company is able to collect accounts receivable well, it would be good in certain months the company must find a solution so as not to decrease the billing ratio and have to find solutions and ideas so that the following month the billing ratio increases.Keywords: Receivable Turn Over (RTO), Average Collection Period (ACP), Arrears Ratio, Billing Ratio.
Determinan Struktur Modal Terhadap Nilai Perusahaan (Studi Kasus Pada Perusahaan Manufaktur yang terdaftar di Bursa Efek Indonesia Sub Sektor Makanan dan Minuman) Diajeng Kusuma Wardani; Ronny Malavia Mardani; Achmad Agus Priyono
E-JRM : Elektronik Jurnal Riset Manajemen eJrm Vol. 09 No. 08 Februari 2020
Publisher : UNIVERSITAS ISLAM MALANG

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AbstractThis study aims to determine the direct effect of liquidity, profitability, company size on firm value. Knowing the direct effect of liquidity, profitability, company size on capital structure. Knowing the indirect effect of liquidity, profitability, company size on firm value through capital structure as an intervening variable on Manufacturing companies listed on the Indonesia Stock Exchange Food and Beverage sub-sector. The population of this study is 26 food and beverage companies that have been listed on the IDX. While the samples in this study were 19 companies.The results showed that liquidity had no significant effect on firm value. Profitability has a significant effect on firm value. While the size of the company has a significant effect on firm value. Liquidity has a significant influence on capital structure. Profitability has no significant effect on capital structure. The size of the company has no significant effect on capital structure. Capital structure has no significant effect on firm value. Determinant of capital structure on firm value in Manufacturing companies listed on the Indonesia Stock Exchange Food and Beverage sub-sector is liquidity while profitability and firm size are not determinants of capital structure in Manufacturing companies listed on the Indonesia Stock Exchange in Food and Beverage sub-sector in 2016-2018.Keywords: liquidity, profitability, company size, capital structure, company value.
PENGUJIAN FAMA FRENCH THREE FACTOR MODEL’S DALAM MEMPENGARUHI RETURN SAHAM STUDI KASUS PADA SAHAM LQ-45 YANG TERDAFTAR DI BURSA EFEK INDONESIA (BEI) TAHUN 2015-2016 Nur Mahfudh Febriansyah; Ronny Malavia Mardani; Ahmad Agus Priyono
E-JRM : Elektronik Jurnal Riset Manajemen eJrm Vol. 7 No. 14 Agustus 2018
Publisher : UNIVERSITAS ISLAM MALANG

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ABSTRACT The purpose of this study was to examine the Fama French Three Factor Model’s that is market return, firm size, and book to market ratio on stock return’s on the companies belonging to the group LQ-45. The population in this study are all companies belonging to the group LQ-45 from 2015-2016 year, totaling 51 companies. The sample used as many as 51 sample’s and which meet the requirements of as many as 40 companies. The sampling technique in this study by using purposive sampling technique, while the method of data analysis in this study using multiple linier regression analysis. Results from this study provide empirical evidence that the market return, firm size, and book to market ratio have a significant effect on stock returns. Market return have a positive and significant effect on stock returns. Firm size have a positive but not significant effect on stock returns. Book to market ratio have a positive but not significant effect on stock returns.       Keywords: firm size, book to market ratio, returns
ANALISIS PENGARUH KINERJA KEUANGAN TERHADAP KEMAMPUAN ZAKAT PADA BANK SYARIAH (Studi Kasus Pada Bank Syariah Tahun 2012-2015) Siti Masula; Ronny Malavia Mardani; Budi Wahono
E-JRM : Elektronik Jurnal Riset Manajemen Jurnal Ilmiah Riset Manajemen (EJRM) Vol 6. No. 1 Juni 2017
Publisher : UNIVERSITAS ISLAM MALANG

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ABSTRACTThis research aims to determine the effect of the financial performance ofthe ability of zakat. Population in this research were syariah banking companywhich listed in Bank Indonesia (BI) period 2012-2015. The sample in thisresearch were fiveteen companies using purposive sampling method. The analysisusing multiplelinear regression analysis technique, quality data test, andhypothesis test. Data processing use IBM SPSS (Statistical Product and ServiceSolution) program, Statistic 24 version. The results in this research showed thatfinancial performance (ROE, CR and DER) to effect of the ability of zakat. Theresults of regression showed that Adjusted R Square of 0,227, the meant the effectindependent variable of dependent variable was 22,7% and 77,3% was effect byother variables that not included in the this research.Key Words—Financial Performance, Zakat, ROE, CR, DER
PERBANDINGAN PENERAPAN MODEL CAPITAL ASSET PRICING MODEL (CAPM) DAN ARBITRAGE PRICING THEORY (APT) DALAM MEMPREDIKSI RETURN SAHAM (STUDI PADA PERUSAHAAN SEKTOR INDUSTRI BARANG KONSUMSI YANG TERDAFTAR DI BEI PERIODE 2016-2017) Deasy Dwi Komaini; Ronny Malavia Mardani; Budi Wahono
E-JRM : Elektronik Jurnal Riset Manajemen eJrm Vol. 8 No. 18 Agustus 2019
Publisher : UNIVERSITAS ISLAM MALANG

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ABSTRACTThis study is to determination the difference in accuracy between the CAPM and APT models in predicting stock returns in the company. This type of research uses a quantitative approach using descriptive comparative methods. The data used is secondary data, obtained by documentation techniques, namely by searching and collecting annual report data and shares obtained from the website. The population that is the object of this research is the Consumer Goods Industry Sector Company listed on the Indonesia Stock Exchange in the period 2016-2017, which is as many as 42 companies. The sample selection used purposive sampling technique, so that 37 companies were obtained.The data analysis technique in this study uses the CAPM (Capital Asset Pricing Model), APT (Arbitrage Pricing Theory), and MAD (Mean Absolute Deviation) models. Measuring tool used to measure accuracy in predicting these stocks by looking for actual Returns, Return Market, Beta values (Risk), Expected Return, and comparing them with MAD (Mean Absolute Deviation)The results of data analysis show that: Based on the calculations of MADCAPM and MADAPT, that the CAPM method is better and more accurate than the APT model in predicting the return of shares of the Industrial Consumer Goods Industry Sector.Keywords : CAPM,APT, Return Actual, Expected Return, Saham, MAD
PENGARUH EARNING PER SHARE (EPS), RETURN ON EQUITY (ROE), PRICE EARNING RATIO (PER) TERHADAP RETURN SAHAM PERUSAHAAN YANG GO PUBLIC DI BEI (Studi Empiris pada Perusahaan Industri Barang Konsumsi Yang Go Public di BEI Periode 2014-2015) Permata Irmin Seriyarini; Ronny Malavia Mardani; Afi Rachmat Slamet
E-JRM : Elektronik Jurnal Riset Manajemen Vol 6, No 01 (2017): Jurnal Ilmiah Riset Manajemen (eJRM)
Publisher : UNIVERSITAS ISLAM MALANG

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This research is aimed to know the influence of Return on Equity (ROE), Earning per Share (EPS), Price Earning Ratio (PER) on stock returns. The population in this research are all the Consumer Goods Industry Companies that Go Public in Indonesian Stock Exchange 2014 to 2015 period. The sampling in this research is using purposive sampling technique with 35 companies. Techniques of analysis in this research using multiple linear regression to obtain a comprehensive picture of the relationship between variables. The results showed that Earning per Share (EPS) has positive effect but not significant on stock return of Consumer Goods Industry Companies that go public in IDX period 2014 to 2015 with regression coefficient 0,569 and the value of significant 0,00016. While Return On Equity (ROE) has positive effect and significant on stock returns with regression coefficient 1,52752 and the significant value 0,014. And then, Price Earning Ratio (PER) has negative effect and not significant on stock returns with regression coefficient -0,00333 and a significance value 0,296. The results showed Adjusted R2 of 17,3% that the contribution of EPS, ROE and PER to stock return is 17,3%.
ANALISIS PENGARUH PROFITABILITAS, LEVERAGE, DAN UKURAN PERUSAHAAN TERHADAP NILAI PERUSAHAAN (Studi Pada Perusahaan Pertambangan Yang Terdaftar Di Bursa Efek Indonesia Tahun 2012- 2015) Hendra Bagus Yulipratama; Ronny Malavia Mardani
E-JRM : Elektronik Jurnal Riset Manajemen e-Jrm Vol. 07 No. 01 Februari 2018
Publisher : UNIVERSITAS ISLAM MALANG

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ABSTRACT The purpose of this research is to know the Influence of Profitability, Leverage, Company Size To Company Value. The sample in this research is a mining company listed on the Indonesia Stock Exchange listed on the stock exchanges of Indonesia 2012-2015 purposive sampling. Technique of data analysis in this research use multiple regression analysis. Dependent variable in this research is firm value and independent variable is profitability, leverage, and company size The result of research show that profitability and leverage have an effect on company value, while firm size does not have an effect on company value. For further research is expected to add to the category of the company used as sample research, and add other variables that may affect the value of the company. Keywords : Profitability, Leverage, Company Size, Corporate Value.
ANALISIS COMMON SIZE STATEMENT DAN RASIO KEUANGAN UNTUK MENILAI KINERJA KEUANGAN SEKTOR INDUSTRI ROKOK YANG TERCATAT DI BEI (PERIODE TAHUN 2015-2017) Nihayah Saefil Ikhsan; ronny Malavia Mardani; Budi Wahono
E-JRM : Elektronik Jurnal Riset Manajemen e-Jrm Vol. 08. No. 02. Februari 2019
Publisher : UNIVERSITAS ISLAM MALANG

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ABSTRACTThe aim of this study was to analyze and to describe the common size and financial ratio analysis of financial performance of cigarette companies listed on the Indonesia Stock Exchange. Population in this study. The population in this study were cigarette companies listed on the IDX for the period 31 December from 2015-2017. This research technique uses judgment sampling because the sample used in this study with the criteria of the company provides complete financial statements for the period 31 December from 2015-2017. The source of this research data is in the form of annual data contained in the financial statements of cigarette industry companies for the period 2015-2017 obtained from the official website of the Indonesia Stock Exchange www.idx.co.id The analytical method used in this study is descriptive with a quantitative approach in the form of.The results of the study show that: Common Size Balance analysis which has not much different analysis results is PT. Gudang Garam Tbk and PT. Wismilak Inti Makmur Tbk. For Analysis of Common Size Profit and Loss shows that PT. Gudang Garam Tbk, a company that dominates more than the other three companies. While financial ratio analysis (1) Liquidity in all four companies is dominated by PT. Wismilak Inti Makmur Tbk which (2) Profitability is dominated by PT. Gudang Garam Tbk where it has fluctuations with increasing returns (3) Activities at the results of this ratio are dominated by PT. Gudang Garam Tbk which is more stable and more effective, (4) Solvability from the results of the study shows that the performance of PT Gudang Garam Tbk is better.Keywords: Common Size Analysis, Financial Ratio and Financial Performance
PENGARUH STRUKTUR MODAL, PROFITABILITAS, DAN UKURAN PERUSAHAAN TERHADAP NILAI PERUSAHAAN (Studi Kasus Pada Perusahaan Perbankan Yang Terdaftar Di Bursa Efek Indonesia Pada Tahun 2015-2017) Noer Fadhilah Rahman; Ronny Malavia Mardani; Budi Wahono
E-JRM : Elektronik Jurnal Riset Manajemen eJrm Vol. 08 No. 05 Agustus 2019
Publisher : UNIVERSITAS ISLAM MALANG

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ABSTRACTThis study aims to find out and analyze how the influence of capital structure, profitability, and firm size on the value of banking companies listed on the Indonesian stock exchange in 2015-2017, simultaneously and partially. The population in this study is from data obtained from the financial statements of the Indonesia Stock Exchange as many as 43 companies. And the sampling technique in this study is the purposive sampling technique, with 25 sample data obtained. The analysis was carried out using quantitative descriptive analysis.The results of this study indicate that the capital structure does not have a significant negative effect on the value of banking companies, profitability has a significant positive effect on firm value, and firm size has a significant negative effect on firm value. Based on the results of the research obtained, it is recommended for companies to be able to improve the company's financial performance. And from the results of this study has a contribution in order to maximize company value and add insight into the factors that influence the decision to invest.Keywords: Capital structure, profitability, company size and company value
Pengaruh Pengumuman Right Issue Terhadap Abnormal Return Dan Volume Perdagangan Saham (Studi Kasus Pada Perusahaan Asuransi yang Terdaftar di Bursa Efek Indonesia Periode 2011-2015) Moch Kukuh Widyatmoko; Ronny Malavia Mardani; Agus Salim
E-JRM : Elektronik Jurnal Riset Manajemen ejrm Vol. 7 No. 4 Agustus 2018
Publisher : UNIVERSITAS ISLAM MALANG

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Abstract “Right issue is an event that’s related to information’s publication as an announcement and can be used to observe the market reaction. Theoretically, the market reaction is measured by abnormal return and trading volume activity. This research used paired sample t-test to examine the effect of right issue’s announcement to the abnormal return and trading volume activity, using samples as much as 41 firms from 2009 to 2011. The observation period was 5 days before and 5 days after the announcement’s period. The result showed that the right issue’s announcement did not affect significantly to the abnormal return of firms, while affected significantly to the trading volume activity”.                Keyword: Abnormal Return, Right Issue, Trading Volume Activity
Co-Authors Abd. Wafi Abdul Majid Abdul Majid Abdullah Syakur Novianto Abidin, Zeinal ABS, M Khoirul Ach Taufiqur Rohman Achmad Agus Priyono Adnan Abdul Khobir Afi Rachmat Slamet Agus Salim Agus Salim Ahmad Rifai Ainun Ulumiah Nursa Aisyah Rokhma Aisyah, Widya Nur Al- mar’atus Sholikhah Aleria Irma Hatneny Alfian Budi Primanto Alif Adi Prasetyawan Alifia Nuraini Alitakupenda, Dwitaria Alvin Hidayatullah Amanah, Firnandya Amelia Monica Ningrum Amin, Muhammad Sirojuddin Aminatun Nasukha Aminatuz Zuhriyah Aminuyati Amiril Mustofa Ana Indriyani Ana Roikhatul Zannah Anak Agung Gede Sugianthara Anan, Nurun Nadiva Salsabila Andi Normaladewi Anggraeni, Dwi Adela Anggraini, Tasya Meylina Ari Anita Laelatul Khomsatun Any Tafriha Ferriyanti Aprilianto Aprilianto Aprillia Nur Choiriah Arini Fitria Mustapita Arsyianto, M. Tody Asih Masita Asmiyati Atapuka Auliyah Palupi Putri Indra Sari Ayu Trisnawati Ayu Yossita Candra Octaviana Ayu Yulita Putri Ayunani, Sabrina Azizah, Nur Rosyda Dhiya’ul Azizah, Umul Balqish, Alya Tamara Basalamah , Muhammad Ridwan Basalamah, Muhammad Ridwan Bastomi, Mohamad Bastomi, Mohammad Bayu, Juli Adriano Budi Wahono Celmia Celmia Chika Deva Ciptadi Cicik Marianti Citra Damayani Prayogiyanto Citra Nurul Hidayati Danang Laksono Deasy Dwi Komaini Deby Nofianti Pratiwi DEVI TRIANINGSIH Dewi Cahya Putri Dewi Nurhidayah Diah Wahyuning Tyas Diajeng Kusuma Wardani Dian Aulia Fitri Dian Savitri Dinda Nur Afifah Distha Anggrainingrum Dwi Agustina Ega Aditya Eka Indah Wahyu Eka Wahyu Ningrum Ekiq Arifaturini Elfina Rahmania Elysa Anggun Fradini Endah Setya Rahayu Erin Mastura Erindia Cember Eris Dianawati Esti Dewi Purwati Etty Saraswati Eva Susanti Eva Zulaikha Fahimatuz Zainul Laila Fahma Lintang Nabila Fahmi Faizal Izmy Fahrurrozi Rahman Fairoh Aida Qothrun Nada Fajjar Mustofa Farah Zairina Faris Fardani FATIMAH FATIMAH Fatimatuz Zahro Fatmawati, Yenni Diah Fatus All Anati Fauziyatul Uffah Fayi’ Hilmy Musyafiq Febbyola, Risa Febriani, Rezki Febi Filzah Gaissani Fina Hikmatul Insaniyah Fiona Putri Dyah Pancari Fita Dwi Hariyati Fitri Anggriani Fitriani, Nur Afika Gandung Fitra Pambudi Griselda Putri Vania Florence Hafidzul Ulum Halimah, Faridatul Hanik Latifah Helma Rizqikah Amir Hendra Bagus Yulipratama Himmatussuhra Himmatussuhra Ida Ardila Syafitri Rumain Ihza Manggara, Yusrik Iin Cahyaningsih Ike Nur Wahyuni Ike Wulandari Ilham Wahyudiarso Indah Handayani Indah Ramadhani Irma Lina Fadila Husna Putri Isa Agid Wibisana Ita Athia Izhatul Ulia Izzatin Nayli Jannah, Shofiratul Josi Eka Ariyani Kasprianti, Rista Puji Khalikussabir, Khalikussabir Khoirul Anam Khurrotun Nisa’ Krismala Fadrila Kuswatun Hasanah Lailatus Sofiah Laksono, Felicia Averina Laurensia Laras Noviyanti Larisa Dea Chatira Lestari, Siswi Muji Lika Handayani Liskan Kirana Lufi Khomsiatin Nulhaniya Lujeng Indra Prayugi Lukluatul Fadillah M Agus Salim M, Tiara Nur M. Agus Salim M. Fakhry Iskhaq M. Farchan Fuadi M. Hufron M. Khoirul Anwarodin Broto S M. Syaifudin Zuhri M. Umar Izzul Chaq Manis Syahedeh Mar’ah Qonitatillah Masriyani Masriyani Maulidya, Anisa Maya Dewi Suprobo Millaningtyas, Restu Mitra Kartini Moch Kukuh Widyatmoko Mochamad Yuhdi Atoillah Mochammad Handika Setiawan Moh Hairul Anam Moh Lutf Moh Sofiyanto Mohamad Fathanudin Abas Mohammad Arif Efendi Mohammad Faisol Efendi Mohammad Rizal Muallifa Muallifa Mudrikah Mudrikah Muhammad Adam Yusuf MUHAMMAD AGUS SALIM Muhlis Muhlis Mursalina Mursalina Nadirotul Hasanah Nanda Diah Ayu Nurmindasari Naning Adindah Putri Nela Rahayuni Neni Elfina Ngatiningsih, Tuti Khoiriyah Nifta Asfidza Alma Nihayah Saefil Ikhsan Nike Anggita Prima Nilna Izza Amalia Nindi Aulia Riadi Nindy Wulandari Ningrum, Niken Widya Nining Tsamratul Hasanah Nizam, Muhammad Sahrun Noer Fadhilah Rahman Nor Laili Roudotul Janah Nova Istiqomah Nova Suci Indrawati Nur Aniseh Nur Haslinda Nur Kamilah Nur Mahfudh Febriansyah Nuratul Amaliah Nurfarida Nurfarida Nurhidayah Nurhidayah Nurhidayah Nurhidayah Nurhidayah Nurul Afifah Fasbiyanti Nurul Khoirini Nuryanita Rusiah Oktaningrum, Indarti Indah Olla Fathimatuz Zahro Permata Irmin Seriyarini Pipit Larasati Pratista, Ilham Pratiwi, Cantika Puspa Puguh Roni Prastowo Putra, Arif Rahman Surya Putri Ayu Khoriah Putri Dinda Erika Rachman, Fahmia Nur Fitria Rahmawati Rahmawati Ramadhan, Tri Sugiarti Raras Nur Fitiah Ratna Tri Hardaningtyas, Ratna Tri Rawiyatul Hasana Reni Evaluki Rennia Sofi Dia Anugra Heni Rico Adi Suwardianto Rifa Ariana Ningtyas Rif’atul Himmah Rif’atul Inayati Rina Wulan Novianti Risa Dewi Yanti Aceh Risna Faulia Rita Lia Novita Rizalatul Isa Rizka Nur Fittriana Rizky Adhyvian Rohma, Hindun Miftakhur Rosmah Sholichah Rovita Tri Rezeki Safitri Safitri Saiful Anwari Salsabillah, Via Amelya Saraswati, Ety Sembiring, Rinawati Septi Ning Tyas Septia Anggi Saputri Shafaratin Nurul Hasanah Shela Karlina Devi Shilvie Damayanti Lestari Shofi Eka Khairunnisa Silvia Sahara Sindi Ristanti Sinta Mayyukha Sintia Ifadatul Aulia Fatra Sintia Novita Sari Siti Kusmawati Siti Masula Siti Nur Laelatul Rohmah Siti Sara Ilham Siti Suhaebah Siti Uswatun Khasanah SOFIYULLAH SOFIYULLAH Sovi Devianita Sari Sri Puspa Nurhayati Sulton Sholehuddin, Sulton SUTRA Aji NINGTYAS Teddy Kurnia Dwi Anggoro Kusumo D Therito Akbar Firmansyah Ubaid Choiri Ubaidullah Ubaidullah Uswatun Khusnah Vachriyanti, Asma’ul Noer Veni Rikusita Vika Septirini Viqi Hendro Fahtoni Vivi Noviyanti Wahdah Lutfiana Arinta Wahyudi Kurniawan Weni Afrilliansyah Winda Irawati Wiwin Rafida Wajapa Yahsyallah Yenniria Nurhaidah Yeritama, Risma Yogi Adetya Kurniawan Yudi Purnomo Yulitasari Mila Dewi Zahro, Handini Nur Chameli Atuz Zahrotun Nisa Zainul Fikri Zidan, Moh Izzad Kamal Zila Nurdila Hafidzah Zulkarnain Zulkarnain