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All Journal Jurnal Ilmiah Satyagraha Agency Journal of Management and Business Sinergi : Jurnal Ilmiah Multidisiplin MUQADDIMAH: Jurnal Ekonomi, Manajemen, Akuntansi dan Bisnis
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Aerospace Engineering Humanities Biochemistry, Genetics & Molecular Biology Economics, Econometrics & Finance Education Environmental Science Health Professions Immunology & microbiology Physics Social Sciences

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Analisis Perbandingan Kinerja Keuangan pada PT Mayora Indah Tbk dengan PT Garudafood Putra Putri Jaya Tbk Nursinah; Wulandari; Alwi
MUQADDIMAH: Jurnal Ekonomi, Manajemen, Akuntansi dan Bisnis Vol. 3 No. 4 (2025): Jurnal Ekonomi, Manajemen, Akuntansi dan Bisnis
Publisher : LP3M INSTITUT KH YAZID KARIMULLAH

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.59246/muqaddimah.v3i4.1661

Abstract

This study aims to analyze and compare the financial performance of PT Mayora Indah Tbk and PT Garudafood Putra Putri Jaya Tbk for the period 2019–2024 based on profitability and solvency ratios. The research employs a quantitative approach with a comparative method. Secondary data were obtained from the annual financial statements of both companies and analyzed using SPSS version 26.0. The examined ratios include Return on Assets (ROA), Return on Equity (ROE), Debt to Asset Ratio (DAR), and Debt to Equity Ratio (DER). The results reveal a significant difference in ROA, where PT Mayora Indah Tbk has a higher average ROA compared to PT Garudafood, indicating better asset management efficiency by Mayora. No significant difference is found in ROE, suggesting that both companies have relatively similar capabilities in utilizing equity to generate profits. However, significant differences are identified in DAR and DER, with PT Garudafood showing a higher reliance on debt financing than PT Mayora. Overall, PT Mayora Indah Tbk demonstrates more stable and efficient financial performance, while PT Garudafood needs to enhance asset management effectiveness and reduce dependency on debt. The findings of this study are expected to provide valuable insights for investors and company management in formulating appropriate financial strategies.
Analisis Pengaruh Debt To Equity Ratio Terhadap Pertumbuhan Laba Pada PT. Gudang Garam Tbk Muhammad Shoalihin; M. Rimawan; Alwi
Sinergi : Jurnal Ilmiah Multidisiplin Vol. 2 No. 7 (2026): Sinergi: Jurnal Ilmiah Multidisiplin
Publisher : PT. AHLAL PUBLISHER NUSANTARA

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.66914/5y2r5h30

Abstract

The purpose of this study is to determine and describe the effect of the debt to equity ratio (DER) on profit growth at PT. Gudang Garam Tbk. for the period 2015-2024. The research method used is quantitative. The type of research used is associative research. This study is explanatory. The sample was taken using a purposive sampling method, consisting of the income statement of PT. Gudang Garam Tbk. for the period 2015-2024. The results indicate that the DER variable has no significant effect on profit growth. This is proven to be significant = 0.149 > 0.05. Therefore, when the DER increases, it has no significant effect on profit growth. The simple regression analysis for this study is Y = -1.176 + 2.415 X. The determination test then yields a correlation value (R) of 0.241 or 24.1%, indicating that the dependent and independent variables are positive. This means that if the DER increases, profit growth will also increase. The coefficient of determination (adjusted R2) can provide an influence of DER on the dependent variable (profit growth) which is indicated by R2, which is 0.146. Keywords: Analysis, Effect, Debt to Equity Ratio, Profit Growth.   Abstrak Tujuan dari penelitian ini adalah untuk mengetahui dan mendeskripsikanpengaruh rasio debt to equity (DER) terhadap pertumbuhan laba pada PT. Gudang Garam Tbk. Periode 2015-2024. Metode penelitian yang digunakan adalah kuantitatif. Jenis penelitian yang digunakan adalah penelitian asosiatif. Penelitian ini bersifat eksplanatori. Sampel diambil dengan metode purposive sampling berupa laporan laba rugi PT. Gudang Garam Tbk. Selama periode 2015-2024. Hasil tersebut menunjukan bahwa variabel DER tidak berpengaruh signifikan terhadap pertumbuhan laba. Ini terbukti signifikan = 0.149 > 0.05. Jadi ketika DER naik, itu tidak berpengaruh signifikan pada pertumbuhan laba. Analisis regresi sederhana untuk penelitian ini  Y = -1,176 + 2,415 X. kemudian uji determinasi memberikan nilai korelasi (R) sebesar 0,241 atau 24,1% yang menunjukan bahwa variabel dependen dan variabel independen berkorelasi positif, artinya jika DER meningkat  maka pertumbuhan laba juga akan meningkat. Nilai koefisien determinasi (adjusted R2) dapat memberikan pengaruh DER terhadap variabel dependen (pertumbuhan laba) yang ditunjukan dengan R2 yaitu sebesar 0,146. Kata Kunci: Analisis, Pengaruh, Debt To Equity Ratio, Pertumbuhan Laba.
Analysis of Debt to Equity Ratio (DER) and Earning Per Share (EPS) on Stock Prices at PT Smartfren Telecom Tbk Miftahul Jannah; Alwi
Journal AGENCY Vol. 5 No. 1 (2025): January 2025
Publisher : Pustaka Digital Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.54065/agency.5.1.2025.470

Abstract

This study investigates the impact of the Debt to Equity Ratio (DER) and Earnings Per Share (EPS) on the stock prices of PT Smartfren Telecom Tbk, a major telecommunication company in Indonesia. Employing a quantitative associative approach, the study utilizes secondary data from the company’s audited financial reports spanning 2012 to 2024. Multiple linear regression analysis is applied to determine the influence of DER and EPS on stock price movements. The results reveal that neither DER nor EPS has a statistically significant partial effect on stock prices. Moreover, the variables jointly exhibit no significant simultaneous impact. These findings suggest that investors may not rely solely on DER and EPS when evaluating investment opportunities in PT Smartfren Telecom Tbk. The study recommends future research to include additional financial indicators such as Debt to Asset Ratio, Net Profit Margin, and Price to Earnings Ratio to improve model explanatory power. Insights from this study contribute to a deeper understanding of how traditional financial ratios influence investor decision-making within Indonesia’s telecommunication sector.
PENGARUH RESIKO KREDIT TERHADAP PROFITABILITAS PADA PT. BANK NEGARA INDONESIA (Persero) Tbk. Hairul Imam; Aliah Pratiwi; Alwi
Jurnal Ilmiah Satyagraha Vol. 8 No. 1 (2025): Jurnal Ilmiah Satyagraha
Publisher : Universitas Mahendradatta

Show Abstract | Download Original | Original Source | Check in Google Scholar

Abstract

This research aims to determine the effect of credit risk on profitabilityat PT. Bank Negara Indonesia TBK. The instrument for this research is using thebalance sheet and profit and loss report at PT. Bank Negara Indonesia TBK from2014-2023. Meanwhile, the sampling technique used is purposive sampling, thecriteria are based on the availability of up-to-date data and research variabledata to be used. The data in this research was processed using SPSS. Thehypothesis testing method uses a significance level of 5%. The research resultsshow that Non-Performing Loans (NPL) have a significant effect on PT's ReturnOn Equity (ROE). Bank Negara Indonesia Tbk.
Co-Authors Aliah Pratiwi Hairul Imam M. Rimawan Miftahul Jannah Muhammad Shoalihin Nursinah Wulandari