p-Index From 2021 - 2026
10.273
P-Index
This Author published in this journals
All Journal Jurnal Ekonomi Pembangunan: Kajian Masalah Ekonomi dan Pembangunan Benefit: Jurnal Manajemen dan Bisnis Jurnal Ilmiah Mahasiswa Ekonomi Manajemen Riset Akuntansi dan Keuangan Indonesia Jurnal Mirai Management International Journal of Applied Sciences in Tourism and Events SEIKO : Journal of Management & Business CARADDE: Jurnal Pengabdian Kepada Masyarakat JURNAL PENDIDIKAN TAMBUSAI YUME : Journal of Management MANAJEMEN DEWANTARA JURNAL LENTERA BISNIS Jurnal Manajemen Dirgantara Jurnal Ilmiah Edunomika (JIE) Community Engagement and Emergence Journal (CEEJ) Management Studies and Entrepreneurship Journal (MSEJ) Jurnal Ilmiah Manajemen Kesatuan Journal of Classroom Action Research Jurnal Pesut : Pengabdian untuk Kesejahteraan Umat Economics and Digital Business Review El-Mujtama: Jurnal Pengabdian Masyarakat Jurnal Bina Bangsa Ekonomika Abdi Psikonomi International Journal of Management Science and Information Technology (IJMSIT) COMSERVA: Jurnal Penelitian dan Pengabdian Masyarakat Cakrawala: Jurnal Studi Islam Economic Reviews Journal Journal of Applied Management Research IQTISHADequity jurnal MANAJEMEN Urecol Journal. Part B: Economics and Business Prosiding University Research Colloquium Jurnal Ilmiah MEA (Manajemen, Ekonomi, dan Akuntansi) PERMANA : Jurnal Perpajakan, Manajemen, dan Akuntansi Innovative: Journal Of Social Science Research Al-Kharaj: Jurnal Ekonomi, Keuangan & Bisnis Syariah El-Mal: Jurnal Kajian Ekonomi & Bisnis Islam El-Mujtama: Jurnal Pengabdian Masyarakat JER Hirarki : Jurnal Ilmiah Manajemen dan Bisnis Journal of Ekonomics, Finance, and Management Studies CARONG: Jurnal Pendidikan, Sosial dan Humaniora Ekopedia: Jurnal Ilmiah Ekonomi
Claim Missing Document
Check
Articles

Found 2 Documents
Search
Journal : Journal of Applied Management Research

Comparative Analysis Of Financial Performance Before And After The Acquisition Of The PT. Fajar Surya Wisesa Tbk Saputro, Ricki Eko; Murwanti, Sri
Journal of Applied Management Research Vol 4, No 1 (2024)
Publisher : The Graduate School of Sahid University

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.36441/jamr.v4i1.2097

Abstract

In business, expansion is an action taken to widen one's business or extend influence. One strategy for expansion is through acquisition. This strategy was employed by Siam Cement Group (SCG) from Thailand, which officially acquired 55% of the shares of PT. Fajar Surya Wisesa. Based on this, an analysis is needed to determine whether there are differences in financial performance. The method used is quantitative, utilizing six financial ratios as indicators: ROA, ROE, NPM, TATO, CR, and DER. Data was collected from PT. Fajar Surya Wisesa's financial reports during the period before acquisition from the first quarter of 2015 to the third quarter of 2019, as well as the period after acquisition from the fourth quarter of 2019 to the third quarter of 2023. The analysis method involves normality testing and non-parametric Wilcoxon test. The final analysis indicates that the ROA, ROE, NPM, and CR ratios experienced differences after acquisition, while TATO and DER ratios did not show significant differences. Therefore, it can be interpreted that the acquisition strategy carried out by Siam Cement Group (SCG) on PT. Fajar Surya Wisesa is quite effective.
Comparative Analysis Of Financial Performance Before And After The Acquisition Of The PT. Fajar Surya Wisesa Tbk Saputro, Ricki Eko; Murwanti, Sri
Journal of Applied Management Research Vol. 4 No. 1 (2024)
Publisher : The Graduate School of Sahid University

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.36441/jamr.v4i1.2097

Abstract

In business, expansion is an action taken to widen one's business or extend influence. One strategy for expansion is through acquisition. This strategy was employed by Siam Cement Group (SCG) from Thailand, which officially acquired 55% of the shares of PT. Fajar Surya Wisesa. Based on this, an analysis is needed to determine whether there are differences in financial performance. The method used is quantitative, utilizing six financial ratios as indicators: ROA, ROE, NPM, TATO, CR, and DER. Data was collected from PT. Fajar Surya Wisesa's financial reports during the period before acquisition from the first quarter of 2015 to the third quarter of 2019, as well as the period after acquisition from the fourth quarter of 2019 to the third quarter of 2023. The analysis method involves normality testing and non-parametric Wilcoxon test. The final analysis indicates that the ROA, ROE, NPM, and CR ratios experienced differences after acquisition, while TATO and DER ratios did not show significant differences. Therefore, it can be interpreted that the acquisition strategy carried out by Siam Cement Group (SCG) on PT. Fajar Surya Wisesa is quite effective.
Co-Authors Adi Nugraha, Yoga Prasetya Aflit Nuryulia Aflit Nuryulia Praswati Ahmad Mardalis, Ahmad Ahmad Shilbi Sulton Alpiana Randoni Alwathony Putri, Reine Jinan Zada Kayana Amelia Jihan Ramadhani Anak Agung Istri Sri Wiadnyani Andhika Luthfi Ramadestian Aryudha Ramadhan Ardyanto Asmoro Nurhadi Panindias Asyqar, Adam Azanuddin Aulia Muji Setianingrum Bherta Ayuwati Brilindra Pandanwangi Brillian Nur Diansari Cahyani, Aysa Nur Cahyani, Mutiara Suci Chasanah, Laily Lathiful Christiana Riski Wira Putri Danis, Syamaidar Della Mafiana Devanya, Luvia Dewi Probowati Setyaningrum Dewi Rengganis, Eksa Dewita Puspawati Didit Purnomo Ditya Fajar Rizkizha Dwi Nopitasari Edy Purwo Saputro Edy Purwo Saputroi Erma Setiawati Esti Pratiwi, Risma Fadhilaah Rizki Nur Khofifah Fanny, Dhevan Muhammad Fathan Azhar Salafi Fauziyah, Elrica Devi Firmansyah, Satria Ramdhan Hanny Hafiar Helmia Khalifah Sina Hening Laksani Henri Dwi Wahyudi Henri Dwi Wahyudi, Henri Dwi Hetika Hetika Humaira, L'aisya Layyun Immanuel Abimanyu Ipung Kurniawan Yunianto Irmawati Irmawati Irmawati Irmawati Jamhari Jamhari Khofifah, Fadhilaah Rizki Nur Khoirul Umam Kirana Arya Risanti Krisna Adi Heryoga Kurniawan, Rendya Adi Kurniawan, Yogiek Indra Kusdiyanto Kusdiyanto Kusdiyanto Kusdiyanto, Kusdiyanto Kusdiyanto, K L'aisya Layyun Humaira Lafifah, Chandrika Nuril Laksani, Hening M Mabruroh M. Harun Rosyid Ridlo M. Sholahuddin Mabruroh Mabruroh Mabruroh, M Mabruroh, Mabruroh Mabrurok Mabrurok Mafiana , Della Mafiana, Della Meylda Anan Maulidya Moechammad Nasir Muhammad Bagus Alfirdaus Muhammad Sholahuddin Mulyono Mulyono Mulyono Mulyono Muslihah, Isnawati Mutiara Suci Cahyani Nahara, Alden Dhafi Nauril Ni’ma Nelly Purnama Sari Nia Sintiawati Nizarikhutama, Mohammad Bryan Nur Achmad Nur Diansari, Brillian Nursiam Pandanwangi, Brilindra Pingkan Viola Martiza Praswati, Aflit PRATAMA, RISKY Pravitasari, Indriati Suci Prilosadoso, Basnendar Herry Probowati Setyaningrum, Dewi Purnomo, Siddiq Purwo Saputro, Edy Putra Pradana, Bintang Putri Romadhony, Revanda Sabila Putri Sadila Putri Sadila Putri, Alika Fania Putri, Christiana Riski Wira Putri, Melly Syafika Rachmawati, Dyan Radjiky, Anetta Mutiara Rafiq Arkana Amir Rahmadani, Ritha Ratna Susanti Rendya Adi Kurniawan Retno Budi Astuti Retno Budi Astuti Rini Kuswati Ririh Sri Harjanti Risanti , Kirana Arya Saputro, Ricki Eko Saputro, Wahyu Ragil Sari, Nelly Purnama Setyaningrum, Dewi Probowati Sina, Helmia Khalifah Siti Aisyah Sri Padmantyo Stevany, Adelia Sulton, Ahmad Shilbi Syakila Eka Putrisari Sabarwo Syamsudin Syamsudin Victoriani, Mutiara Wafiatun Mukharomah Wahyu Ragil Saputro Waluyo Wibowo, Taufik Mukhti Wildan Drajat Wibowo Wulansari, Intan Mutiara Wuryaningsih Dwi Lestari Wuryaningsih Dwi Lestari, Wuryaningsih Dwi Yoga Prasetya Adi Nugraha Yulia, Hikma Dwi Zahra Titania Magenta Zhafira Salwa Taqyya Zulfa Irawati Zulfa Irawati, Zulfa Zulfikar Zulfikar