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All Journal Majalah Ilmiah Bijak NERACA : JURNAL AKUNTANSI TERAPAN Economicus: Jurnal Ekonomi dan Manajemen Abiwara : Jurnal Vokasi Administrasi Bisnis
Heru Satria Rukmana
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Humanities Economics, Econometrics & Finance Social Sciences Other

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ANALISIS KINERJA KEUANGAN PT GARUDA METALINDO TBK MENGGUNAKAN METODE ECONOMIC VALUE ADDED PERIODE 2016 - 2019 Rukmana, Heru Satria; Hulwah, Mutiara
Economicus Vol. 16 No. 1 (2022): JUNI
Publisher : Sekolah Tinggi Ilmu Ekonomi Dewantara

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.47860/economicus.v16i1.280

Abstract

Based on the results of the study, it can be concluded that the financial performance of PT Garuda Metalindo Tbk for the period 2016 to 2019 which was analyzed by using the Economic Value added (EVA) method or value economic added as a whole results in a negative value that means that the company's financial performance is in an unhealthy state. In accordance with what has been determined if EVA < 0, performance The company's finances can be said to be not good because the company failed to increase economic value added. Financial performance at PT. Garuda Metalindo Tbk produced in 2016 until 2019 can be said to be negative (Eva < 0), because it shows that there is no economic value added process (NITAMI) for the company. The negative EVA value condition (EVA < 0 ), the company's financial performance is said to be unhealthy because the company cannot provide added value. In this case employees cannot get bonuses, only permanent creditors earn interest and share owners do not get a return commensurate with what was planted.
PENGARUH RASIO KEUANGAN TERHADAP NILAI PERUSAHAAN (Pada Perusahaan Sektor Makanan dan Minuman Yang Terdaftar di Bursa Efek Indonesia Periode 2015-2020) Satria Rukmana, Heru; ., Muhlis; Zakaria Hamzah, Zeze; Apriyanti, Annisa
Economicus Vol. 16 No. 2 (2022): DESEMBER
Publisher : Sekolah Tinggi Ilmu Ekonomi Dewantara

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.47860/economicus.v16i2.298

Abstract

This research was conducted to determine the effect of financial ratios on firm value. The variables in this study consisted of independent variables, namely the current ratio, debt to equity ratio, return on assets, and total asset turnover, while the dependent variable was the value of the food and beverage sector companies listed on the Indonesia Stock Exchange. The population in this study were all food and beverage sector companies listed on the Indonesia Stock Exchange during the 2015-2020 period. The sample selection used purposive sampling technique. The number of samples obtained as many as 10 companies. The data were analyzed by multiple linear regression method. The results of this study are the disclosure of the effect of current assets, debt to equity ratio, return on assets, and total asset turnover on firm value. significance 0.386 so that Ha1 is rejected; the variable debt to equity ratio (DER) has a positive and significant effect on firm value, as evidenced by the t-count result of 10,427 and a significance of significant effect on firm value, as evidenced by the t-count result of 2.782 with a significance of 0.007 so that Ha2 is accepted; the return on assets (ROA) variable has a positive and 0.000 so that Ha3 is accepted; The total asset turnover variable has a negative and significant effect as evidenced by the t-count result -2.091 with a significance of 0.041 so that Ha4 is rejected.
ANALISIS KINERJA KEUANGAN PT ASURANSI BINA DANA ARTA (ABDA) TBK SEBELUM, MASA TRANSISI, DAN SETELAH ADANYA BPJS KESEHATAN PERIODE 2010-2019 Zakaria Hamzah, Zeze; Osta Nababan, Benny; Satria Rukmana, Heru; Nur Fatimah, Siti
Economicus Vol. 16 No. 2 (2022): DESEMBER
Publisher : Sekolah Tinggi Ilmu Ekonomi Dewantara

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.47860/economicus.v16i2.301

Abstract

ABSTRACT This study aims to determine whether there are differences in the financial performance of the company PT Asuransi Bina Dana Arta (ABDA) before (2010-2013 period), during the transition period (2014-2015 period), and after (2016-2019 period) the implementation of BPJS Kesehatan. The analysis technique used is Financial Ratio Analysis and Trend Analysis. This study uses a type of comparative research with a quantitative approach, using data collection techniques through documentation and literature study. The location of this research is by means of a desk study using data published on the Indonesia Stock Exchange (IDX) through www.idx.co.id, the company's official website www.abdainsurance.co.id and www.bpjs-kesehatan.go.id. While the time of this research starts from February 2021 to October 2021. The results showed that PT Asuransi Bina Dana Arta (ABDA) Tbk when viewed from the analysis of Liquidity showed a stable condition, Solvency improved, but from the analysis of Activity and Profitability showed a decrease. So it can be concluded that the trend that occurred after the BPJS Health showed a trend line that experienced more decline. To improve and maintain its existence, PT Asuransi Bina Dana Arta (ABDA) Tbk can provide benefits in the form of more facilities to its participants that cannot be obtained from BPJS Health, or collaborate with BPJS Health to implement the COB (Coordination Of Benefit) principle.
ANALISIS ABNORMAL RETURN SAHAM SEBELUM DAN SESUDAH PENGUMUMAN COVID-19 DI INDONESIA Zakaria Hamzah, Zeze; Dyanti Sitinjak, Monica; Osta Nababan, Benny; Satria Rukmana, Heru
Economicus Vol. 17 No. 1 (2023): JUNI
Publisher : Sekolah Tinggi Ilmu Ekonomi Dewantara

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.47860/economicus.v17i1.325

Abstract

This study aims to determine and analyze whether there is a difference in the average abnormal return before and after the announcement of the Covid-19 virus was first confirmed in Indonesia, to find out and analyze whether there is a difference in the average security return variability before and after the announcement of the Covid-19 virus. First confirmed in Indonesia and to find out and analyze whether there is a difference in the average trading volume activity before and after the announcement of the first confirmed Covid-19 virus in Indonesia. The type of research used in this research is quantitative research. The sample used for this study was four non-Islamic state-owned banks. The results of this study indicate that there is no difference in abnormal returns between before and after the event of the First Confirmed Covid-19 Announcement in Indonesia, there is a difference in Security Return Variability (SRV) between before and after the occasion of the First Confirmed Covid-19 Announcement in Indonesia, and there is no the difference in Trade Volume Activity (TVA) between before and after the First Confirmed Covid-19 Announcement event in Indonesia.
ANALISIS FINANCIAL DISTRESS MENGGUNAKAN MODEL ALTMAN Z -SCORE DAN SPRINGATE PT BINAKARYA JAYA ABADI, Tbk PERIODE 2016-2020 Siana Ria; Muhlis Muhlis; Heru Satria Rukmana; Fitriyani Fitriyani
Economicus : Jurnal Ekonomi dan Manajemen Vol. 14 No. 1 (2023): Desember: Economicus : Jurnal Ekonomi dan Manajemen
Publisher : Institut Teknologi dan Bisnis Dewantara

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.47860/economicus.v14i1.32

Abstract

This research is about financial distress analysis using the Altman Z Score and Springate models to predict financial distress in property companies, especially PT Binakarya Jaya Abadi, Tbk for the 2016-2020 period. The results of this analysis are two results obtained from the Altman Z model Score and Springate. The results of the prediction of financial distress are for the Altman Z-Score model in 2016 to obtain a ratio of 2.7470 indicating a prediction of not going bankrupt, in 2017 obtaining a ratio of 3.8066 indicating a prediction of not going bankrupt, in 2018 obtaining a ratio of 3.5711 indicating prediction of not going bankrupt, in 2019 obtaining a ratio of 3.2854 indicating a prediction of not going bankrupt and in 2020 obtaining a ratio of 0.6885 indicating a prediction of bankruptcy. Whereas for the Springate model in 2016 it obtained a ratio of 0.3999 indicating a prediction of bankruptcy, in 2017 it obtained a ratio of 0.5862 indicating a prediction of bankruptcy, in 2018 it obtained a ratio of 0.5526 indicating a prediction of bankruptcy, in 2019 it obtained a ratio of 0 .4408 indicates a prediction of bankruptcy and in 2020 obtains a ratio of 0.0292 indicating a prediction of bankruptcy.
ANALISIS ABNORMAL RETURN SAHAM SEBELUM DAN SESUDAH PENGUMUMAN COVID-19 DI INDONESIA Zeze Zakaria Hamzah; Benny Osta Nababan; Heru Satria Rukmana; Monica Dyanti Sitinjak
Economicus : Jurnal Ekonomi dan Manajemen Vol. 13 No. 2 (2023): Juni: Economicus : Jurnal Ekonomi dan Manajemen
Publisher : Institut Teknologi dan Bisnis Dewantara

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.47860/economicus.v13i2.44

Abstract

This study aims to determine and analyze whether there is a difference in the average abnormal return before and after the announcement of the Covid-19 virus was first confirmed in Indonesia, to find out and analyze whether there is a difference in the average security return variability before and after the announcement of the Covid-19 virus. First confirmed in Indonesia and to find out and analyze whether there is a difference in the average trading volume activity before and after the announcement of the first confirmed Covid-19 virus in Indonesia. The type of research used in this research is quantitative research. The sample used for this study was four non-Islamic state-owned banks. The results of this study indicate that there is no difference in abnormal returns between before and after the event of the First Confirmed Covid-19 Announcement in Indonesia, there is a difference in Security Return Variability (SRV) between before and after the occasion of the First Confirmed Covid-19 Announcement in Indonesia, and there is no the difference in Trade Volume Activity (TVA) between before and after the First Confirmed Covid-19 Announcement event in Indonesia.
ANALISIS KINERJA KEUANGAN PT GARUDA METALINDO TBK MENGGUNAKAN METODE ECONOMIC VALUE ADDED PERIODE 2016 - 2019 Heru Satria Rukmana; Mutiara Hulwah
Economicus : Jurnal Ekonomi dan Manajemen Vol. 12 No. 2 (2022): Juni: Economicus : Jurnal Ekonomi dan Manajemen
Publisher : Institut Teknologi dan Bisnis Dewantara

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.47860/economicus.v12i2.46

Abstract

Based on the results of the study, it can be concluded that the financial performance of PT Garuda Metalindo Tbk for the period 2016 to 2019 which was analyzed by using the Economic Value added (EVA) method or value economic added as a whole results in a negative value that means that the company's financial performance is in an unhealthy state. In accordance with what has been determined if EVA < 0, performance The company's finances can be said to be not good because the company failed to increase economic value added. Financial performance at PT. Garuda Metalindo Tbk produced in 2016 until 2019 can be said to be negative (Eva < 0), because it shows that there is no economic value added process (NITAMI) for the company. The negative EVA value condition (EVA < 0 ), the company's financial performance is said to be unhealthy because the company cannot provide added value. In this case employees cannot get bonuses, only permanent creditors earn interest and share owners do not get a return commensurate with what was planted.
PENGARUH RASIO KEUANGAN TERHADAP NILAI PERUSAHAAN: (Pada Perusahaan Sektor Makanan dan Minuman Yang Terdaftar di Bursa Efek Indonesia Periode 2015-2020) Heru Satria Rukmana; Muhlis Muhlis; Zeze Zakaria Hamzah; Annisa Apriyanti
Economicus : Jurnal Ekonomi dan Manajemen Vol. 13 No. 1 (2022): Desember: Economicus : Jurnal Ekonomi dan Manajemen
Publisher : Institut Teknologi dan Bisnis Dewantara

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.47860/economicus.v13i1.57

Abstract

This research was conducted to determine the effect of financial ratios on firm value. The variables in this study consisted of independent variables, namely the current ratio, debt to equity ratio, return on assets, and total asset turnover, while the dependent variable was the value of the food and beverage sector companies listed on the Indonesia Stock Exchange. The population in this study were all food and beverage sector companies listed on the Indonesia Stock Exchange during the 2015-2020 period. The sample selection used purposive sampling technique. The number of samples obtained as many as 10 companies. The data were analyzed by multiple linear regression method. The results of this study are the disclosure of the effect of current assets, debt to equity ratio, return on assets, and total asset turnover on firm value. significance 0.386 so that Ha1 is rejected; the variable debt to equity ratio (DER) has a positive and significant effect on firm value, as evidenced by the t-count result of 10,427 and a significance of significant effect on firm value, as evidenced by the t-count result of 2.782 with a significance of 0.007 so that Ha2 is accepted; the return on assets (ROA) variable has a positive and 0.000 so that Ha3 is accepted; The total asset turnover variable has a negative and significant effect as evidenced by the t-count result -2.091 with a significance of 0.041 so that Ha4 is rejected.
ANALISIS KINERJA KEUANGAN PT ASURANSI BINA DANA ARTA (ABDA) TBK SEBELUM, MASA TRANSISI, DAN SETELAH ADANYA BPJS KESEHATAN PERIODE 2010-2019 Zeze Zakaria Hamzah; Benny Osta Nababan; Heru Satria Rukmana; Siti Nur Fatimah
Economicus : Jurnal Ekonomi dan Manajemen Vol. 13 No. 1 (2022): Desember: Economicus : Jurnal Ekonomi dan Manajemen
Publisher : Institut Teknologi dan Bisnis Dewantara

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.47860/economicus.v13i1.61

Abstract

This study aims to determine whether there are differences in the financial performance of the company PT Asuransi Bina Dana Arta (ABDA) before (2010-2013 period), during the transition period (2014-2015 period), and after (2016-2019 period) the implementation of BPJS Kesehatan. The analysis technique used is Financial Ratio Analysis and Trend Analysis. This study uses a type of comparative research with a quantitative approach, using data collection techniques through documentation and literature study. The location of this research is by means of a desk study using data published on the Indonesia Stock Exchange (IDX) through www.idx.co.id, the company's official website www.abdainsurance.co.id and www.bpjs-kesehatan.go.id. While the time of this research starts from February 2021 to October 2021. The results showed that PT Asuransi Bina Dana Arta (ABDA) Tbk when viewed from the analysis of Liquidity showed a stable condition, Solvency improved, but from the analysis of Activity and Profitability showed a decrease. So it can be concluded that the trend that occurred after the BPJS Health showed a trend line that experienced more decline. To improve and maintain its existence, PT Asuransi Bina Dana Arta (ABDA) Tbk can provide benefits in the form of more facilities to its participants that cannot be obtained from BPJS Health, or collaborate with BPJS Health to implement the COB (Coordination Of Benefit) principle.
ANALISIS RASIO LIKUIDITAS, SOLVABILITAS, AKTIVITAS DAN PROFITABILITAS UNTUK MENILAI KINERJA KEUANGAN PT MARTINA BERTO TBK PERIODE 2014-2018 Heru Satria Rukmana; Linda Mariana
Economicus : Jurnal Ekonomi dan Manajemen Vol. 11 No. 2 (2021): Juni: Economicus : Jurnal Ekonomi dan Manajemen
Publisher : Institut Teknologi dan Bisnis Dewantara

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.47860/economicus.v11i2.73

Abstract

The results of this study show that the liquidity ratio consisting of current ratio in 2014 was above the industry average and in 2015-2018 was below the industry average, the quick ratio in 2014-2016 was above the industry average and in 2017-2018 was below the industry average, the cash ratio in 2014 was above the industry average and in 2015-2018 was below the industry average. The solvency ratio consisting of debt to asset ratio in 2014 was below the industry average and in 2015-2018 was above the industry average, the debt to equity ratio in 2014 was below the industry average and in 2015-2018 was above the industry average. The ratio of activities consisting of receivable turn over in 2014-2018 is below the industry average, inventory turn over in 2014-2017 was above the industry average and in 2018 was below the industry average, fixed asset turn over in 2014-2018 was below the industry average, fixed asset turn over in 2014-2018 was above the industry average , the total asset turn over in 2014-2018 was below the industry average. The profitability ratio consisting of return on assets in 2014-2018 is below the industry average, return on equity in 2014-2018 is below the industry average and net profit margin in 2014-2018 is below the industry average.
Co-Authors ., Muhlis Alfian Maliki Annisa Apriyanti Apriyanti, Annisa Benny Osta Nababan Dyanti Sitinjak, Monica Esa Mardiyani, Rosi Eva Patimah Fitriyani Fitriyani Fitriyani Hulwah, Mutiara Ikhbal Saputra, Muhamad Linda Mariana Linda Mariana Linda Mariana, Linda Mardiyani, Rosi Esa Monica Dyanti Sitinjak Muchammad Hamdani Muhlis Muhlis Muhlis Mutiara Hulwah Nur Fatimah, Siti Patimah, Eva Rosi Esa Mardiyani Siana Ria Siti Nur Fatimah Zakaria Hamzah, Zeze Zeze Zakaria Hamzah