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PENGARUH RETURN ON ASSET DAN EARNING PER SHARE TERHADAP HARGA SAHAM PADA PT BANK CENTRAL ASIA TBK Dessy Safitri; Achmad Ludvy
Journal of Research and Publication Innovation Vol 2 No 4 (2024): OCTOBER
Publisher : Journal of Research and Publication Innovation

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Abstract

This study aims to examine the impact of Return On Asset and Earning Per Share on the stock price of PT Bank Central Asia Tbk from 2013 to 2022. The research employs a quantitative descriptive method. The findings reveal that Return On Asset has a negative and significant partial effect on the stock price of PT Bank Central Asia Tbk, as indicated by t-value of -1.739 < t-table 2.365, accepting H0 and rejecting Ha, with a significance level of 0.126 > 0.05. Earning Per Share shows a positive and significant partial effect on the stock price of PT Bank Central Asia Tbk, with t-value of 8.093 > t-table 2.365, accepting H0 and rejecting Ha, with a significance level of 0.000 > 0.05. Simultaneously, Return On Asset and Earning Per Share have a significant impact on the stock price of PT Bank Central Asia Tbk, with F-value of 32.798 < F-table 19.4 and a significance level of 0.000 < 0.05, contributing 90.4% to the model.
IMPLEMENTASI KEUANGAN SYARIAH DALAM KOPERASI: SOLUSI INOVATIF BAGI KOPERASI PEMBERDAYAAN EKONOMI UMMAT DAARUT TAUHID Achmad Ludvy; Arif Hidayat; Muhamad Badru Zaman
Abdi Jurnal Publikasi Vol. 3 No. 6 (2025): Juni
Publisher : Abdi Jurnal Publikasi

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Abstract

Cooperatives play a strategic role in strengthening the people's economy, especially when run based on sharia principles that prioritize justice, transparency, and blessings. This community service activity aimed to provide education and assistance in implementing a sharia financial system at the Daarut Tauhid Community Economic Empowerment Cooperative, held on April 19–20, 2025. The activity methods included counseling, training, simulations, and the development of a draft SOP for sharia finance. The results of the activity demonstrated a significant increase in the understanding of cooperative administrators and members regarding sharia financial concepts and practices, including basic skills in recording sharia transactions and a commitment to institutional transformation. This activity confirmed that with a contextual educational approach, community-based cooperatives have the potential to transform into superior and sustainable sharia microfinance institutions. Follow-up efforts in the form of further training, SOP refinement, and system digitization are needed to ensure the comprehensive and effective implementation of sharia finance.
PENGARUH CURRENT RATIO DAN TOTAL ASSET TURNOVER TERHADAP RETURN ON ASSET PADA PT PAN BROTHERS TBK PERIODE 2012-2022 Dwi lestari; Achmad Ludvy
Journal of Research and Publication Innovation Vol 3 No 3 (2025): JULY
Publisher : Journal of Research and Publication Innovation

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Abstract

The purpose of this study is to determine the effect of Current Ratio (CR) and Total Asset Turnover (TATO) on Return On Assets (ROA) at PT Pan Brothers Tbk for the period 2012-2022. This type of research is quantitative descriptive with the analysis method used with descriptive statistics, classical assumption tests, hypothesis tests (t-test and F-test) and determination coefficient tests (R^2) with a significance level of 0.05 (5%) and the sources used are secondary data. The results of this study indicate that the Current Ratio (CR) on Return On Assets (ROA) has a negative and significant effect, this is evidenced by the results of data processing from the t_count value -2.351 < t_table 2.306 and a significant value of 0.047 < 0.05. Total Asset Turnover (TATO) has a significant effect on Return On Asset (ROA), this is evidenced by the results of data processing from the t_count value of 2.483> 2.306 and a significant value of 0.038> 0.05. Simultaneous testing shows that Current Ratio (CR) and Total Asset Turnover (TATO) simultaneously have a significant effect on Return On Asset (ROA), this is evidenced by the results of data processing of these values, this is evidenced by the results of data processing F_count 8.182> F_table 3.11 with a significant value of 0.012 <0.05. Then the variables Current Ratio (CR) and Total Asset Turnover (TATO) contribute 67.2% to Return On Asset (ROA). Meanwhile, the remaining 42.3% is influenced by other factors not explained in this study.
Pengaruh Leverage dan Rasio Aktivitas terhadap Profitabilitas PT ABC Indonesia Tbk Periode 2014-2025 Fifi Maharani; Achmad Ludvy
Journal Economic Excellence Ibnu Sina Vol. 3 No. 3 (2025): September : Journal Economic Excellence Ibnu Sina
Publisher : STIKes Ibnu Sina Ajibarang

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.59841/excellence.v3i3.3244

Abstract

This study aims to analyze the effect of leverage measured by Debt to Asset Ratio (DAR) and activity ratio measured by Total Asset Turnover (TATO) on profitability measured by Return On Assets (ROA) at PT ABC Indonesia Tbk for the 2015–2024 period. The analysis is carried out both partially and simultaneously to provide an overview of the factors that affect the company's profitability. The type of research used is descriptive quantitative with secondary data obtained from the company's annual financial statements, in the form of balance sheet and income statements. Data analysis methods include t-test, f-test, and determination coefficient (R²). The results of the study show that partially, the Debt to Asset Ratio (DAR) does not have a significant effect on the Return On Assets (ROA). This indicates that the company's leverage level, in the form of a comparison of total debt to total assets, did not directly contribute to the level of profitability during the study period. Similarly, Total Asset Turnover (TATO) is also partially unaffected by ROA. These findings suggest that the effectiveness of a company in utilizing total assets to generate sales has not fully affected profitability. However, the results of the simultaneous test (F test) showed that DAR and TATO together had a significant effect on ROA. A determination coefficient value (R²) of 0.6037 or 60.37% indicates that the variation in the company's profitability can be explained by these two independent variables. Meanwhile, the remaining 39.63% was influenced by other factors outside the research model, such as operational efficiency, cost structure, marketing strategy, and external conditions of the retail industry. Thus, this study confirms the importance of comprehensively considering leverage and asset activity in managing a company's profitability, although the partial influence of each variable has not shown strong significance.
EFISIENSI PERTUMBUHAN LABA BERDASARKAN PERPUTARAN KAS, PERPUTARAN PIUTANG DAN PERPUTARAN PERSEDIAAN PADA PT MAYORA INDAH TBK PERIODE 2014-2023 Sabili, Jihad; Achmad Ludvy
JURNAL RUMPUN MANAJEMEN DAN EKONOMI Vol. 2 No. 5 (2025): September
Publisher : CV. KAMPUS AKADEMIK PUBLISHING

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.61722/jrme.v2i5.6464

Abstract

This study aims to analyse the efficiency of profit growth at PT Mayora Indah Tbk during the 2014-2023 period by reviewing three main indicators, namely cash turnover, accounts receivable turnover, and inventory turnover. The method used is quantitative research. The data used is secondary data in the form of financial statements of PT Mayora Indah Tbk for the period 2014-2023. The analysis method used is descriptive statistical test, frontier regress test, hypothesis testing with z test and chi wald test and efficiency test using Stata version 14. The results of the z value research 3.96 with a P>|z| value of 0.000 < 0.05 partially show that Cash Turnover has a significant effect on Profit Growth, z value -1. 95 with a P >|z| value of 0.051> 0.05 partially Accounts Receivable turnover has no significant effect on profit growth, zcount value -1.30 < ztabel 1.96 with a P >|z| value of 0.195 > 0.05 partially inventory turnover has no significant effect on profit growth. While the value of wald chi2 (3) = 15.76 with a prob value = 0.0013 <0.05 means that simultaneously Cash Turnover, Receivables Turnover and Inventory Turnover have a significant effect on Profit Growth Efficiency.