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Du Pont Analysis on the Financial Performance of PT Garuda Indonesia (Persero) Tbk Abdul Latif; Fatimah Fatimah; Pebiola Pebiola; Erna Apriani; Akfika Rizky Sabilla
JOURNAL ECONOMICS AND STRATEGY Vol 4 No 1 (2023): Januari - Juni 2023
Publisher : Fakultas Ekonomi Dan Bisnis Universitas Tjut Nyak Dhien

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.36490/jes.v4i1.750

Abstract

Investors, companies, and the public assessing the performance of the company certainly look at the information instruments provided by the company in the financial statements in assessing the company's financial performance. PT Garuda Indonesia (Persero) Tbk is one of the State-Owned Enterprises (BUMN) engaged in aviation services in Indonesia; the condition and performance of the company have certainly been highly monitored by the government and other stakeholders, especially since this company in recent years has always experienced losses in its business operations so that it often injects funds from the government. This study aims to analyze the company's financial performance with Du Pont analysis techniques such as total assets turnover, net profit margin, equity multiplier, and return on equity for the 2020-2022 period. The analysis method used in this research is a descriptive quantitative analysis of the company's financial ratios with Du Pont analysis. The results showed that the Total Assets Turnover ratio in 2020, 2021, and 2022 was still below the industry average and was in poor condition. The Net Profit Margin ratio in 2020 and 2021 is below the industry average, negative with poor conditions, and 2022 above the industry average with good conditions. The Return On Investment ratio in 2020 and 2021 experienced a negative ratio with a conclusion of poor condition; in 2022, it improved with a positive ratio in good condition. The Equity Multiplier ratio in 2020, 2021, and 2022 needs to be in better condition, below standard, and hostile. The Return On Equity ratio in 2020, 2021, and 2022 needs to be in better condition. Keywords: Financial Performance, Financial Statements, Financial Ratios
Factor Analysis of Minimum Wage and Labor Force Participation Rate on Unemployment Rate in Indonesia Erna Apriani; Dian Rachmawati Afandi; Indra Permana; Fachrial Banyu Asmoro; Akfika Rizky Sabilla
Riwayat: Educational Journal of History and Humanities Vol 8, No 2 (2025): April
Publisher : Universitas Syiah Kuala

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.24815/jr.v8i2.45311

Abstract

The increasingly massive unemployment rate is a very bad condition for the domestic economy; the role of the government is very important in minimizing unemployment. This condition is a very heavy burden for the community and the government; if it continues, it will continue to impact the decline in people's purchasing power. From this background, the purpose of this research is to analyze directly the minimum wage variable and the level of labor force participation in the unemployment rate, as well as the direct effect of the minimum wage on labor force participation, then the indirect effect of the minimum wage on the unemployment rate through the mediation of the level of labor force participation. The data analysis method used in the research is path analysis on the minimum wage variable, unemployment rate, and labor force participation rate as intervening variables. The results showed that the direct relationship between minimum wage and labor force participation rate had no effect. The direct relationship between minimum wage and unemployment rate had no effect. The direct relationship between the labor force participation rate and the unemployment rate had a positive effect. The indirect relationship between minimum wage and unemployment rate by the mediation dimension of labor force participation rate did not mediate the two.