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All Journal Kompartemen : Jurnal Ilmiah Akuntansi INVENTORY: JURNAL AKUNTANSI Media Mahardhika Equilibrium: Jurnal Ekonomi-Manajemen-Akuntansi Jurnal Akuntansi Indonesian Journal of Cultural and Community Development Indonesian Journal of Law and Economics Review Journal of Islamic and Muhammadiyah Studies IJBLPS Journal of Economics and Economic Policy Academia Open
Nurasik Nurasik
Universitas Muhammadiyah Sidoarjo
Religion Humanities Decision Sciences, Operations Research & Management Economics, Econometrics & Finance Education Languange, Linguistic, Communication & Media Law, Crime, Criminology & Criminal Justice Medicine & Pharmacology Public Health Social Sciences

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Effect of Current Ratio, Debt To Equity Ratio, Inventory Turnover and Capital Structure on Profitability: Pengaruh Current Ratio, Debt To Equity Ratio, Inventory Turnover dan Struktur Modal Terhadap Profitabilitas Desy Fithry Aryanti; Nurasik Nurasik
Academia Open Vol. 5 (2021): December
Publisher : Universitas Muhammadiyah Sidoarjo

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.21070/acopen.5.2021.2525

Abstract

The rapid need for telecommunications today is the demand for companies to be able to be innovative in their competition to generate maximum profits, in this research the aim is to find out whether profitability can be influenced by the Current Ratio, Debt To Equity Ratio, Inventory Turnover and Capital Structure in the IDX telecommunications company sector. From 2013 to 2019. The population was taken from the telecommunications sector on the IDX during 2013-2019. The overall sample of telecommunications companies on the IDX was 5 companies, so that the total financial statements observed were 35 financial statements for a period of 7 years. The method used is quantitative using the SPSS V 25 application, with a set of test tools used to test the predetermined hypothesis. In testing the hypothesis, the first revealed that profitability can be influenced by Current ratio, secondly profitability can be influenced by Debt to equity ratio, thirdly profitability cannot be influenced by Inventory Turnover, fourthly profitability cannot be influenced by Capital Structure.
Profitability, Liquidity, and Capital Structure: An Analysis of Food and Beverage Companies in Indonesia: Profitabilitas, Likuiditas, dan Struktur Modal: Analisis Perusahaan Makanan dan Minuman di Indonesia Wahyu Dwi Pangestining Tiyas; Nurasik Nurasik
Academia Open Vol. 7 (2022): December
Publisher : Universitas Muhammadiyah Sidoarjo

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.21070/acopen.7.2022.2759

Abstract

This study aims to examine the relationship between profitability, liquidity, and capital structure in the food and beverage sub-sector listed on the Indonesia Stock Exchange from 2017 to 2019. Through quantitative analysis, a purposive sample of 12 companies was selected, and data from annual reports were collected. The study utilized the IBM SPSS Statistics 25 program to analyze the data. The findings reveal that profitability has a positive but insignificant impact on capital structure, while liquidity demonstrates a positive and significant effect on capital structure. These results highlight the importance of managing liquidity effectively and optimizing operations to maintain favorable capital structure decisions. The implications of this study contribute to the understanding of financial management strategies within the food and beverage industry, aiding companies in making informed decisions to enhance profitability and meet short-term obligations. Highlights: Profitability and Liquidity: The study examines the relationship between profitability and liquidity in the context of capital structure decisions in food and beverage companies in Indonesia. Impact on Capital Structure: The analysis reveals the influence of profitability and liquidity on the capital structure of the selected companies, providing insights into the financial management strategies within the industry. Implications for Decision Making: The findings emphasize the significance of effectively managing liquidity and optimizing operations to maintain a favorable capital structure, aiding companies in maximizing profits and meeting short-term obligations. Keywords: Profitability, Liquidity, Capital Structure, Food and Beverage Companies, Indonesia.
Stock Prices and Financial Indicators in the Food and Beverage Industry: Harga Saham dan Indikator Keuangan di Industri Makanan dan Minuman Purdiyani Purdiyani; Nurasik Nurasik
Academia Open Vol. 7 (2022): December
Publisher : Universitas Muhammadiyah Sidoarjo

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.21070/acopen.7.2022.3442

Abstract

This study investigates the influence of key financial indicators, namely Earnings Per Share (EPS), Debt to Equity Ratio (DER), and Price Earning Ratio (PER), on stock prices within the Food and Beverage industry listed on the Indonesia Stock Exchange (IDX) from 2016 to 2019. The research population comprised all Food and Beverage companies listed on the IDX during the specified period. By employing a partial t test analysis using SPSS version 25, a sample of 68 Consumer Goods Industry sector companies was selected, consisting of 17 Food and Beverage sector companies. The findings reveal that EPS significantly affects stock prices in Food and Beverage companies on the IDX. Conversely, DER does not demonstrate a significant impact, whereas PER exhibits a significant influence on stock prices. These results shed light on the financial factors that drive stock prices in the Food and Beverage industry and provide valuable insights for investors, practitioners, and policymakers alike. Highlights: Earnings Per Share (EPS) significantly influences stock prices in the Food and Beverage industry. Debt to Equity Ratio (DER) does not have a significant impact on stock prices in the sector. Price Earning Ratio (PER) exhibits a significant effect on stock prices in Food and Beverage companies. Keywords: Earnings Per Share, Debt to Equity Ratio, Price Earning Ratio, Stock Prices, Food and Beverage Industry.
Profitability, Liquidity, and Leverage: Exploring Financial Distress in the Mining Sector: Dampak Profitabilitas, Likuiditas, dan Leverage terhadap Kesulitan Keuangan pada Perusahaan Sektor Pertambangan Rosita Umamah; Nurasik Nurasik
Academia Open Vol. 8 No. 1 (2023): June
Publisher : Universitas Muhammadiyah Sidoarjo

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.21070/acopen.8.2023.3677

Abstract

In the era of the Industrial Revolution 4.0, the competitive landscape among companies is intensifying, necessitating effective business strategies to avoid bankruptcy. This research examines the impact of profitability, liquidity, and leverage on financial distress in mining sector companies listed on the IDX from 2018 to 2020. Using a quantitative approach, the study analyzes data from a population of 41 mining sector companies. The findings reveal that profitability and liquidity, measured through ratios, do not significantly affect financial distress. However, leverage has a significant influence on financial distress. These results provide valuable insights for mining companies in formulating business strategies and managing financial risk to mitigate the potential for distress. The research contributes to the literature on financial distress in the context of the mining sector, addressing the challenges of increased competition and the need for sustainable company performance. Highlights: Determinants of financial distress: Investigating the impact of profitability, liquidity, and leverage on the occurrence of financial distress in mining sector companies. Empirical analysis: Analyzing the relationship between these variables and financial distress using quantitative research methods and ratios. Implications for mining sector companies: Providing insights for companies in the mining sector to better manage their profitability, liquidity, and leverage in order to mitigate the risk of financial distress and maintain sustainable performance. Keywords: profitability, liquidity, leverage, financial distress, mining sector
Total Assets and Audit Opinion: Impact on Audit Delay in Food and Beverage Manufacturing: Pengaruh Total Aset dan Opini Audit terhadap Penundaan Audit pada Perusahaan Manufaktur Subsektor Makanan dan Minuman: Bukti dari Bursa Efek Indonesia Akhmad Zain Muzauwas; Nurasik Nurasik
Academia Open Vol. 8 No. 1 (2023): June
Publisher : Universitas Muhammadiyah Sidoarjo

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.21070/acopen.8.2023.3826

Abstract

This research aims to investigate the effect of Total Assets, Profitability, Solvency, and Audit Opinion on Audit Delay in the Food and Beverage Sub-Sector Manufacturing Companies listed on the Indonesia Stock Exchange during the period of 2018-2020. The study utilized secondary data from financial statements and annual reports obtained from the website of Bursa Efek Indonesia. The sample comprised 24 purposively selected companies, representing a three-year observation period. Descriptive statistical analysis, classic assumption tests, t-tests, and multiple regression analysis using SPSS version 20 software were conducted for data analysis. The findings reveal that Total Assets and Audit Opinion exerted a significant negative influence on audit delay. However, Profitability and Solvency were found to have no significant effect on audit delay. These results contribute to the understanding of factors affecting audit delay in the food and beverage manufacturing sector and have implications for auditors, regulators, and researchers in the field of financial auditing. Highlights: The study examines the impact of Total Assets and Audit Opinion on Audit Delay in the Food and Beverage Manufacturing companies listed on the Indonesia Stock Exchange. Findings reveal that Total Assets and Audit Opinion have a significant negative effect on Audit Delay. This research contributes to understanding the factors influencing Audit Delay in the food and beverage manufacturing sector and has implications for auditors, regulators, and researchers in the field of financial auditing. Keywords: Total Assets, Audit Opinion, Audit Delay, Food and Beverage Manufacturing, Indonesia Stock Exchange.
Ineffective HR Practices Hamper Performance in Indonesian Hospitals: Praktik SDM yang Tidak Efektif Menghambat Kinerja Rumah Sakit di Indonesia Dwi Tantri Widiya Sari; Nurasik Nurasik
Academia Open Vol. 9 No. 1 (2024): June
Publisher : Universitas Muhammadiyah Sidoarjo

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.21070/acopen.9.2024.8049

Abstract

Jasem Sidoarjo General Hospital in East Java strives to provide high-quality healthcare, but its human resource management (HRM) faces significant challenges. This study examines the role of HR managers in improving hospital performance and human resource development using a descriptive qualitative method. Findings reveal that HR planning is fragmented and not aligned with organizational needs, and the selection process is inefficient due to reliance on internal referrals. Training is limited to permanent staff, and compensation fails to motivate employees adequately. Recommendations include adopting a centralized HR planning approach, implementing objective selection processes, and expanding training opportunities for all staff to enhance HRM and overall hospital performance. Highlight: HR planning is fragmented and lacks alignment with hospital needs. Employee selection relies on internal referrals, reducing efficiency. Training and compensation policies need to be more inclusive and motivating. Keywoard: Human Resource Management, Hospital Performance, Staff Development, Qualitative Research, East Java
Key Financial Metrics Drive Company Value in Indonesia's Retail Sector: Metrik Keuangan Utama Mendorong Nilai Perusahaan di Sektor Ritel Indonesia Sintya Andriani Fauzi; Nurasik Nurasik
Academia Open Vol. 9 No. 1 (2024): June
Publisher : Universitas Muhammadiyah Sidoarjo

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.21070/acopen.9.2024.8243

Abstract

This study investigates the influence of key financial metrics on the value of retail companies in the Indonesian service industry from 2019-2020. Using multiple linear regression analysis on data from 18 companies, the research finds that Total Asset Turnover, Net Profit Margin, and Equity Multiplier positively impact company value, while Return on Investment and Return on Equity do not. These findings suggest that improving asset utilization, profitability margins, and equity leverage can enhance company value, providing valuable insights for company management and investors. Highlights: 1. Total Asset Turnover, Net Profit Margin, and Equity Multiplier increase company value.2. Return on Investment and Return on Equity don't significantly affect value.3. Improve asset utilization, profitability margins, and equity leverage to enhance value. Keywords: Company value, financial metrics, retail industry, asset turnover, profitability
Macro-Factors' Impact on Stock Returns: Insights from Exchange-Diversified Shares: Dampak Faktor Makro terhadap Return Saham: Wawasan dari Saham yang Terdiversifikasi di Bursa Mochamad Rizal Yulianto; Dafita Wahyu Mekarsari; Heri Widodo; Nurasik Nurasik; Bayu Hari Prasojo
Academia Open Vol. 8 No. 2 (2023): December
Publisher : Universitas Muhammadiyah Sidoarjo

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.21070/acopen.9.2024.8248

Abstract

This study investigates the impact of fundamental and macroeconomic factors on diversified stock returns, crucial for investment decisions. Employing purposive sampling, key analysis methods included coefficient of determination (R2), multiple regression, paired t-tests, and classic assumption tests. Results reveal that inflation, market price, profitability, and leverage insignificantly affect share prices, challenging conventional assumptions. These findings underscore the need for a reevaluation of factors influencing stock returns, prompting a rethinking of investment strategies and risk assessment in global markets. Highlights : Methodological Rigor: Utilized purposive sampling and robust statistical techniques like regression and t-tests to analyze the impact of diverse factors on stock returns. Challenging Conventional Wisdom: Findings contradict traditional assumptions about the influence of inflation, market price, profitability, and leverage on share prices. Implications for Investment Strategy: Emphasizes the necessity for a paradigm shift in investment strategies, urging a reassessment of risk evaluation and decision-making processes in global markets. Keywords : Stock returns, Fundamental factors, Macroeconomic factors, Investment decisions, Risk assessment
Co-Authors Abidah Garizah Bardina Adelia Asma Akhmad Zain Muzauwas Andi Purdiansyah Anugerah Ab’du Rasyid Bayu Hari Prasojo Bernika Ivanda Zulfi Lestari Dafita Wahyu Mekarsari Desy Fithry Aryanti Dina Rofita Dwi Tantri Widiya Sari Eka Hasanah Ariyati Endah Hermawan Budianti Endra Wahyu Ningdiyah Eny Maryanti Faradisha Windy Rosita Fitiyan Izza Noor Abidin Fitiyan Izzah Noor Abidin Fitri Wulandari Hadiah Fitriyah Helena Kournikova Heri Widodo Hilda Melinda Imelda Dian Rahmawati Inggit Faridatus Sholikah Julia Vivi Maulidah Miftakhul Jannah Mochamad Rizal Yulianto Nisfu Nur Fadilah Purdiyani Purdiyani Rosita Umamah Santi Rahma Dewi Sartika Sartika Sarwenda Biduri Sigit Hermawan Sintya Andriani Fauzi Wahyu Dwi Pangestining Tiyas Widya Safitri Wiwit Hariyanto