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Analisis Kinerja Keuangan Perusahaan Umum Daerah (PERUMDA) Air minum di Provinsi Sumatera Utara fadila, Rifka; Sari, Anggun; Regina, Regina; husna, nur; Erwinsyah, Erwinsyah
As-Syirkah: Islamic Economic & Financial Journal Vol. 4 No. 4 (2025): As-Syirkah: Islamic Economic & Financial Journal 
Publisher : Ikatan Da'i Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.56672/

Abstract

This study aims to analyze the influence of the Operational Ratio, Cash Ratio, Collection Effectiveness, and Solvency on the Return on Equity (ROE) of Regional Water Supply Companies (PERUMDA Air Minum) in North Sumatra Province. The research employed a quantitative approach using multiple linear regression analysis via SPSS software. Data were obtained from audited financial statements of PERUMDA Air Minum companies. The results show that all independent variables simultaneously have a significant effect on ROE, with an F-value of 7.830 and a significance level of < 0.001. Partially, the Operational Ratio has a significant negative effect, while Collection Effectiveness has a significant positive effect on ROE. The Cash Ratio was found to be insignificant. The coefficient of determination (R²) of 0.380 indicates that 38% of ROE variation is explained by the independent variables. After removing outliers through the boxplot test, the regression model satisfied classical assumption tests and showed normally distributed data. This research contributes empirical evidence emphasizing the importance of operational efficiency and collection performance in improving the financial outcomes of regional enterprises. The findings provide valuable insights for management in developing effective financial strategies while ensuring sustainable public service.
Co-Authors A.A. Ketut Agung Cahyawan W Abd. Rahim Abdul Rajab Ahmad Faqhruddin Abdur-Rabb Aisyah Aisyah Aktavera, Beni Algantya, Vylda Yuni Alvina, Jesslyn Alysia, Jessica Amalia Dwi, Amalia Dwi Andari, Syabila Poppi Andi Muhammad Adriansyah Sam Andre, Lesis Andreas, Aan Andryanus, Andryanus Anwar, Yelfi Arie Budiawan Arifin Arifin Armanto, Armanto Aryani Aryani Asep Nuryadin Aslam, Annisa Paramaswary Atmaja, Theodore Alexander Ayu Kartini Parawansa Barata, Alvin Basalamah, Muhammad Syafii A. Basri Bado Basri Bado, Basri Budiman Rusli Callista, Callista Candradewini Candradewini, Candradewini Choirunnisa, Any Citra Ayni Kamaruddin Daulay, Nelly Khairaini Derek, Vandrektus Dewantara, Jason Dewi, Kardiana Purnama Diah Retno Dwi Hastuti Diajeng Para Mitha Dian Anggraeni Dias Septiana Sari Dindin Abdul Muiz Lidinillah Dwi Astuti Dwi Budi Santoso Dwi Riyanti Elmayati, Elmayati Endang Susilawati Eni Rosnija Erwinsyah Erwinsyah Eusabinus Bunau Eva Merryanti Fadila, Rifka Febrianto, Hary Fikri, Muhammad Sayid Ali Fitria, Arie Gatot Sutapa Yuliana Gres, Etna Hakim, Mohamad Zulman Hamid Darmadi, Hamid Herman, Mulyati Hermawan, Bayu Hermawan, Melyawati Hidajat, Inneke Jane Hidayat, Asep Toyib Husna, Nur Ida Ayu Putu Sri Widnyani Ikhsannudin, Ikhsannudin Ikhsanudin Ikhsanudin Ikramullah, Nazwa Ilma Wulansari Hasdiansa ilyas, annisa aulia putri Intan, Bunga Irwandi Irwandi Irwandi Irwandi Irwandi Istiqomah, Fajriatul Iwan Supardi J, Ghea Witha Valenthy Jamil, Muh. Julianti Julianti, Julianti Kalbarinda, Yesi Kalebo, Lut Gardania Pama Kalla, Rastina Kamal, Syamsul Kamaruddin, Citra Ayni Khairani, Mustika Kurniadi, Putra Kurniawan, Nasri Kurniawati Kurniawati Laekkeng, Mursalim Laksono Trisnantoro Lingga Wijaya, Harma Oktafia Lopulalan, Anastasya Anjeli Lorettha Wijaya Luwandi Suhartono M. Iqbal Liayong Pratama Matthew, Franklind Mellinio, Stephano Trie Merryanti, Eva Miliana, Arman Putra Mirani, Anis Muhamad Parhan Mustika Sari, Ayu Mutiara Pratiwi Putri Nawawi, Yosephine Fransiska Neti Sunarti Nugraha , Rahmat Nurul Prima Nugraha, Bayu Dwiyanto Nurhayati Nurhayati Nurriqli, Arifia Oktaviyani, Sherli Osronita, Osronita Paramitha Jaya, Ni Made Ayu Nadia Permatasari, Nurfebby Pratiwi, Irma Pratiwi, Wenny Rabb, Ahmad Faqhruddin Abdur Rachellia, Rachellia Rahim, Abd Rahmadani, Nur Fitri Rahmaniar, Salwani Ratih Kurniasari Ratih Purnamasari, Ratih Rayu, Rayu Rika, Prisilla Rudi Kurniawan Said Hasan Samara, Aldi Samsir, Andi Saputra, Triyono Sari, Anggun Sari, Wisdalia Maya Sembiring, Rinawati Setiawati, Sari Shadry Andriani Sijoen, Alya Elita Silvy Widya Rahmi Sinring, Bahar Sinta Dewi, Risda Sirait, Ria valentina Siti Nurhayati sobri, ahmad Sri Astuty Stella, Maureen Miracle Sudarsono Sumarni Sumarni Surahman, Dziki Dzikrivan Surmiyati Surmiyati Surya, Steven Philip Suryani, Florentina Sutapa Yuliana, Yohanes Gatot Sutapa, Y. Gatot Sutapa, Yohanes Gatot Sutapa, Yohannes Gatot Syam, Riska SYAMSU ALAM Syarif Husin Syarifah Aminah Syifa Alifia Indriani Tama, Gerhard Wira Tandarto, Kevin Tando, Herwindo Tarissa, Tarissa Tengku Riza Zarzani N Tifani, Tifani Tiktiek Kurniawati urai salam Utami, Eva Yuniarti Utami, Nurul Puteri Utomo, Abet Yudho Valentina, Anny Veronika Heni Wardah Wardah Warnida, Lisda Widjaja, Maureen Widyati, Widyati Wikanto, Jessica Rosemary Y. Gatot Sutapa Yanti Sri Rejeki Yofie Aldo Aditya Yuli Mardi, Yuli Yuliana, Yohanes Gatot Sutapa Yuliana, Yohanes Gatot Sutapa Yunisa Astiarani Yunita, Ita Zaskia, Rika Zita Arieselia