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The Influence of Generation Z’s Social Media Activity in Jambi City on Stock Market Trends: A Statistical Analysis Fatan Heti Anggraini; Sri Wahyu Ningsih; Muetia Apriliani; Akmalun Nisa; Feby Lestari; Herry Mulyono; Yossinomita Yossinomita
Scholars Vol. 3 No. 2 (2025): SCHOLARS: Jurnal Sosial Humaniora dan Pendidikan
Publisher : P3M POLITEKNIK NEGERI AMBON

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.31959/js.v3i2.3415

Abstract

Generation Z plays a pivotal role in shaping contemporary trends, including those in the stock market. In the digital era, social media serves as a dominant medium for this demographic to access, discuss, and disseminate investment-related information. This study examines the influence of Generation Z in Jambi City on stock market trends through a statistical analysis of social media activities. Data were obtained from interactions on Instagram, YouTube, Twitter/X, Discord, TikTok, and Telegram, integrated with corresponding stock market indicators. The analysis employed classical assumption tests to assess the relationship between the intensity of Generation Z’s social media engagement and stock market fluctuations. The study also investigates the extent to which online sentiment, discussion frequency, and platform-specific engagement correlate with short-term market volatility. By bridging behavioral finance and digital communication analysis, the research aims to contribute to a deeper understanding of how technologically adept young investors influence capital market dynamics. The findings are expected to offer valuable implications for policymakers, financial educators, and market practitioners in adapting strategies to the evolving digital investment landscape. Keywords: Generation Z, Social Media, Stock Market Trends, Digital Investment Behavior, Behavioral Finance.
Financial Performance Analysis Using the CAMEL Method at PT Bank Mandiri (Persero) Tbk for the 2015–2025 Period Ahmad Tasyrik Jumaldi; Ariandi Ramadan; Kurnia Hadhinata; Raka Akhmad Rizq; Andi Riskiya Putri; Ilham Akbar; Febrian Ananda; Yossinomita Yossinomita
Jurnal Administrasi Terapan Vol. 5 No. 2 (2026): Jurnal Administrasi Terapan
Publisher : P3M Politeknik Negeri Ambon

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.31959/jat.v5i2.3946

Abstract

This research aims to analyze the financial performance of PT Bank Mandiri (Persero) Tbk for the 2015–2025 period using the CAMEL method, which includes the aspects of Capital, Asset, Management, Earning, and Liquidity. This research is important because banks have a strategic role as financial intermediary institutions, so their soundness needs to be assessed comprehensively, not only from the profit side, but also from the aspects of capital, asset quality, management efficiency, profitability, and liquidity. This research uses a quantitative descriptive approach with secondary data obtained from annual reports, audited financial statements, and the results of Bank Mandiri’s financial ratio processing. The ratios used include CAR for the capital aspect, CEAR for asset quality, NPM for the management aspect, ROA and OEOI for profitability, and LDR for liquidity. The results show that Bank Mandiri’s CAMEL score during the 2015–2025 period was in the range of 87,23 to 93,40, with an average of 90,48. All observation years received a healthy rating. These findings indicate that Bank Mandiri was able to maintain capital adequacy, improve productive asset quality, maintain profitability, and manage liquidity relatively stably despite facing economic pressure, especially during the pandemic period and the economic recovery period. Thus, Bank Mandiri’s financial performance during the research period can be assessed as being in a healthy and sustainable condition. Keywords: Financial Performance, Bank Mandiri, CAR, ROA, OEOI, LDR, NPM, CAMEL
A Comparative Analysis of Financial Resilience in State-Owned Enterprises in the Construction Sector: A Case Study of PT Hutama Karya, PT Adhi Karya, and PT. Waskita Karya (2022-2024) Ramadhan Hibatur Rahman; Desgha Lavia Miranda; Destri Hamidah; Hanasya Putri Hanafi.HS; Novia Ardhana; Karin Angelika Putri; Yossinomita Yossinomita
Jurnal Administrasi Terapan Vol. 5 No. 2 (2026): Jurnal Administrasi Terapan
Publisher : P3M Politeknik Negeri Ambon

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.31959/jat.v5i2.3947

Abstract

This study aims to compare the financial structures including assets, liabilities, and equity of three major state-owned construction enterprises (SOE) in Indonesia: PT Hutama Karya (Persero), PT Adhi Karya (Persero) Tbk, and PT Waskita Karya (Persero) Tbk, over the 2022-2024 period. The research methodology employs a quantitative descriptive-comparative approach using secondary data in the form of audited consolidated financial statements. The sampling technique used was purposive sampling, while data analysis involved vertical analysis to evaluate the composition of the structure, horizontal analysis to identify year-on-year (YoY) trends, and the calculation of the Debt-to-Equity Ratio (DER). The research findings indicate the dominance of PT Hutama Karya’s assets, which reached Rp196.0 trillion in 2024 with non-current assets accounting for 71.20%, reflecting a long-term investment orientation in the infrastructure sector. Conversely, PT Adhi Karya exhibits significant liquidity vulnerability due to the dominance of short-term liabilities, which reached approximately 79%. PT Waskita Karya experienced substantial equity erosion of 51% in 2024, triggered by accumulated losses of Rp1.23 trillion. In terms of leverage, PT Hutama Karya recorded the lowest Debt-to-Equity Ratio (DER) of 0.42x thanks to support from State Capital Injection (PMN), while PT Adhi Karya and PT Waskita Karya exhibited high financial risk profiles with DERs above the 2.0x threshold. This study concludes that there are significant differences in funding strategies and financial health among the three entities, where government support through the PMN instrument is the key differentiating factor in strengthening the companies’ capital structures. Keywords: Comparative Analysis, State-Owned Construction Enterprises, Debt-to-Equity Ratio (DER), Financial Statements, Financial Structure
Financial Performance Analysis Using the EVA Method at PT Indofood CBP Sukses Makmur Tbk for the 2021-2025 Period Rhaisya Adellia; Almas Zaskia Nurlilahi; Tiara Eka Putri; Aura Septi Safana; Saharani Isabella; Aulia Elvira; Mutiara Zahwa; Yossinomita Yossinomita
Jurnal Administrasi Terapan Vol. 5 No. 2 (2026): Jurnal Administrasi Terapan
Publisher : P3M Politeknik Negeri Ambon

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.31959/jat.v5i2.3948

Abstract

This study aims to analyze the financial performance of PT Indofood CBP Sukses Makmur Tbk for the 2021-2025 period using the Economic Value Added (EVA) method. This study uses a descriptive quantitative approach with secondary data obtained from the company's annual reports. The analysis was conducted through the calculation of Tax Rate, Net Operating Profit After Tax (NOPAT), Invested Capital, Weighted Average Cost of Capital (WACC), Capital Charge, and EVA. The results show that ICBP's EVA was negative in 2021 by Rp90.3 billion, then positive in 2022 by Rp2,816.1 billion, in 2023 by Rp679.2 billion, in 2024 by Rp2,053.6 billion, and in 2025 by Rp612.4 billion. These findings indicate that ICBP was able to create economic value in four of the five years studied. However, EVA fluctuations indicate that increases in operating profit need to be balanced with capital cost control so that economic value creation can be sustained. Keywords: Financial Performance, Capital Charge, EVA, WACC, ICBP
Analysis of Financial Performance Based on Economic Value Added at PT Ultrajaya Milk Industry & Trading Company Tbk Vinsensius Kenzie Aldo Baswara; Nazwa Yuwandira Putri; Siti Rahmah; Fharda Nur Khasanah; Nabila Ammarah Dani; Ma'isyatur Rodhiyah; Yossinomita Yossinomita
Jurnal Administrasi Terapan Vol. 5 No. 2 (2026): Jurnal Administrasi Terapan
Publisher : P3M Politeknik Negeri Ambon

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.31959/jat.v5i2.3949

Abstract

This study aims to analyze the financial performance of PT Ultrajaya Milk Industry & Trading Company Tbk using the Economic Value Added (EVA) method during the 2015-2025 period. This study uses a quantitative descriptive approach with secondary data obtained from the company's annual financial statements. The analysis technique was carried out through calculations of the effective tax rate, Net Operating Profit After Tax (NOPAT), Invested Capital, Weighted Average Cost of Capital (WACC), Capital Charge, and Economic Value Added. The results show that all EVA values during the 2015-2025 period were positive. The lowest EVA value occurred in 2015 at 291,705 billion Rupiah , while the highest EVA value occurred in 2025 at 753,870 billion Rupiah . These findings indicate that the company is able to generate operating profit after tax that exceeds the cost of capital used. Thus, PT Ultrajaya Milk Industry & Trading Company Tbk can be assessed as capable of consistently creating economic value added for shareholders during the research period. Keywords: Economic Value Added; Financial Performance; NOPAT; WACC; Capital Charge
Financial Performance Analysis Based on Economic Value Added at PT. Pertamina Hulu Energi Sonia Aprilia; Sandra Adelia; Harmoni Delarossa; Addya Nafisa; Tria Oktavina; Aulia Devita Ramadhan; Faisa Putra; Yossinomita Yossinomita
Jurnal Administrasi Terapan Vol. 5 No. 2 (2026): Jurnal Administrasi Terapan
Publisher : P3M Politeknik Negeri Ambon

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.31959/jat.v5i2.3950

Abstract

This study aims to analyze the financial performance of PT Pertamina Hulu Energi using the Economic Value Added (EVA) method during the 2020-2024 period. This study uses a quantitative descriptive approach with secondary data obtained from the company's annual reports and the corrected EVA calculation workbook. The analysis technique was carried out through calculations of the effective tax rate, Net Operating Profit After Tax (NOPAT), Invested Capital, Weighted Average Cost of Capital (WACC), Capital Charge, and Economic Value Added. The results show that EVA in 2020 was in a negative condition of USD -68,14 million, while EVA in 2021-2024 was in a positive condition. The highest EVA occurred in 2022 at USD 3.205,76 million. These findings indicate that PHE was able to create economic value added after 2020 because the NOPAT generated exceeded the cost of capital used. Keywords: Financial Performance; Capital Charge; EVA; NOPAT; WACC;
An Analysis of The Factors Influencing Customer Satisfaction at Alfamart Minimarkets In The City of Jambi Amanda Aurelya Putri Rudyan; Hafiati Pracita Sari; Shivani Nayla Putri; Dini Suci Dwi Angraini; Tiara Nur Aulia Azhari; Nayla Felisa Maharani; Yossinomita Yossinomita
Jurnal Administrasi Terapan Vol. 5 No. 2 (2026): Jurnal Administrasi Terapan
Publisher : P3M Politeknik Negeri Ambon

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.31959/jat.v5i2.3951

Abstract

Customer satisfaction at one of the largest retail chains in Indonesia, Alfamart, is the subject of this study. The main issue in this research is how customer satisfaction is influenced by service, price, accessibility, product completeness, and store cleanliness. The research method is a survey distributed to 107 Alfamart customers who have shopped at the store. The results show that price and service have a significant impact on customer satisfaction, while factors such as accessibility, product completeness, and cleanliness also play a role, although to a lesser extent. The implication of these findings is the importance for Alfamart to continuously improve the quality of service and pricing, as well as ensure cleanliness and product completeness in the store to maintain customer loyalty. This study contributes to the development of business strategies in the retail industry, particularly for companies operating in the supermarket sector.
Financial Perfomance Analysis using The Economic Value Added (EVA) Method at PT. Bank Central Asia Tbk for the period 2021-2025 Sarmilah Puspita; Melly Agustina Lastuti; Nayla Anindi Irawan; Zalfa Zahira Azzahra; Dion Julino; Riska Dwi Utari; Yossinomita Yossinomita
Jurnal Administrasi Terapan Vol. 5 No. 2 (2026): Jurnal Administrasi Terapan
Publisher : P3M Politeknik Negeri Ambon

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.31959/jat.v5i2.3955

Abstract

This study aims to analyze the financial performance of PT. Bank Central Asia Tbk during the 2021-2025 period using the Economic Value Added (EVA) method. Financial performance is generally measured using financial ratios: however, these indicators are often considered insufficient to reflect the company's actual condition and overall management performance. Therefore, an alternative approach such as EVA is necessary, as this method provides a more accurate measure of performance by assessing the economic value created by the company. This study employs a descriptive method with a qualitative approach. The data used consist of secondary data in the from of PT. Bank Central Asia Tbk's annual financial reports from 2021 to 2025, collected through documentation techniques. The analysis involves calculating and evaluating the EVA value for each year. The result of study indicates that PT. Bank Central Asia Tbk consistently recorded negative EVA (EVA<0) through the study period. This indicates that the company has not been able to generate economic value added, as the profits earned were not yet sufficient to cover its operational and capital cost. Therefore, it can be concluded that the financial performance of PT. Bank Central Asia Tbk during the 2021-2025 period, when measured using the EVA method, has not been optimal, although it shows an improving trend as the negative EVA values decreased year over year.
Financial Performance Evaluation Using the EVA Method Approach at PT. Indosat Tbk. (2020-2025 Period) Dinda Tiara Putri; Raysia Nurazizah Prihastiwi; Chindo Miftahulrizky; Intan Kusumawati; Rendi Irawan Saputra; Vidya Klara Desvina; Yossinomita Yossinomita
Jurnal Administrasi Terapan Vol. 5 No. 2 (2026): Jurnal Administrasi Terapan
Publisher : P3M Politeknik Negeri Ambon

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.31959/jat.v5i2.3957

Abstract

This study aims to evaluate the financial performance of PT Indosat Tbk using the Economic Value Added (EVA) approach during 2020-2025. The research applies a quantitative descriptive method based on documentation of the company's financial statements. The analysis includes Net Operating Profit After Tax (NOPAT), Invested Capital (IC), Weighted Average Cost of Capital (WACC), Capital Charges (CC), and EVA. The results show that PT Indosat Tbk generated positive EVA in every year observed. EVA amounted to IDR 876.76 billion in 2020, increased to IDR 4,201.99 billion in 2021, decreased to IDR 2,589,26 billion in 2022, IDR 2,366.85 billion in 2023, and IDR 2,091.86 billion in 2024, before rising again to IDR 2,658.38 billion in 2025. These findings indicate that the company's net operating profit after tax exceeded its capital charges, thereby creating economic value for shareholders despite the higher invested capital following the merger. Keywords: EVA; WACC; Financial Performance; Capital Charges; PT Indosat Tbk.
Financial Analysis of PT. Unilever Indonesia Tbk Using The Economic Value Added (EVA) Method for The Period 2020–2025 Novi Anggraini; Faizah Nabila; Putri Guslia; Agustina Wulandari; Nurul Depty Anggraini; Hasan Subaidi; Yossinomita Yossinomita
Jurnal Administrasi Terapan Vol. 5 No. 2 (2026): Jurnal Administrasi Terapan
Publisher : P3M Politeknik Negeri Ambon

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.31959/jat.v5i2.3958

Abstract

This study aims to analyze the financial performance of PT Unilever Indonesia Tbk during the 2020–2025 period using the Economic Value Added (EVA) method. The EVA method measures a company's ability to create economic value after accounting for the total cost of capital employed. This study employs a quantitative descriptive approach using secondary data obtained from the company’s annual financial reports published on the Indonesia Stock Exchange. The analysis was conducted by calculating the main components of EVA, namely Net Operating Profit After Tax (NOPAT), Invested Capital (IC), Weighted Average Cost of Capital (WACC), Capital Charges (CC), and Economic Value Added (EVA). The results of the study indicate that PT Unilever Indonesia Tbk successfully generated positive EVA values during the 2020–2025 period. All EVA values were above zero (EVA > 0), indicating that the company was able to create economic value added and meet the expectations of shareholders and creditors. However, EVA showed a declining trend throughout the observation period due to decreasing operating profit and changes in capital costs. This study concludes that PT Unilever Indonesia Tbk has demonstrated sound financial performance during the study period and has been able to manage its capital effectively in creating economic value. Keywords: Financial Performance, Unilever, EVA, WACC, NOPAT
Co-Authors Abdul Rahim Addya Nafisa Adilah, Alifah Agnes Clarissa Agustina Wulandari Ahmad Hussaein Ahmad Tasyrik Jumaldi Akmalun Nisa Akwan Sunoto Almas Zaskia Nurlilahi Alvaro, Rakan Amanda Aurelya Putri Rudyan Amilia Difa S. Putri Ananda Dstari, Dwi Andi Nurul Izzah Andi Riskiya Putri Andreas Nathanael Andrianti, Ari Ariandi Ramadan Aryani, Lies Asyep Syaefudin Audy Sri Hapsari Aulia Devita Ramadhan Aulia Elvira Aura Septi Safana Ayu Feranika Azzahra, Ratumas Fadillah Bagus Irawan Bagus Irmawan Beni Purnama Besse Zulfa Sya’diyah Calvin Yang Candra Candra Carin Anjani Caroline Caroline Chandra Dinata, Anglelika Chindo Miftahulrizky Cindy Malim Della Tri Andini Delvina Colen Henata Desgha Lavia Miranda Desi Yulistiani Destri Hamidah Destri Hamidah Desy Ratna Wijaya Devi, Tiara Synta Dian Fitri Anasari Diana Diana Dinda Tiara Putri Dini Suci Dwi Angraini Dion Julino Dodo Zaenal Abidin Dwi Nur Khasanah Dyesty Salsazillaa Eddy Suratno Effiyaldi Effiyaldi Effiyaldi Effiyaldi Einike Jesika Triana Eni Rohaini Eni Rohaini Erick Morales Erna Stelawati Fadhillah, Yosi Fadillah, Yosi Fahdillah, Yosi Faisa Putra Faizah Nabila Fatan Heti Anggraini Febby Nanda Utami Febrian Ananda Feby Lestari Felix Chandra Dinata Feranika, Ayu Ferdy Danuarta Fharda Nur Khasanah Fikih Fikih Fitria, Syarabila Dwi FRIYANI, RITA Grace Clarissa Angel Gunardi Hafiati Pracita Sari Hanan Laras Sabrina Hanasya Putri Hanafi Hanasya Putri Hanafi.HS Hansen Wijaya Harmoni Delarossa Haryadi - Haryanti, Putri Hasan Subaidi Hati, Ilok Nyen Ratu Annisa Curah Herry Mulyono Herry Mulyono Ikrima Khairunnisa Ilham Akbar Ingriana, Alberta Intan Kusumawati Intan Nuraini Irfan Hassandi Irfan Hassandi Irfan Hassandi Irmawan, Bagus Isfiani, R.A Ivan Cristhian Jasper Imanuel Jessica Bestlimvya Yap Jimmy Fernando Johni Paul Karolus Pasaribu Johni Paul Karolus Pasaribu Joni Devitra, Joni Joselyn Eprilya Jovansah, Afif Juliana Juliana Julmi, Remalita Mantira Putri Junaida Junaida, Junaida Junaidi Junaidi Kadar, Melani Karin Angelika Putri Karin Angelika Putri Kartika, Yulia D Kartika, Yulia Dwi Kotali Kotali Krismonika Hidayat Kurnia Hadhinata La Chica Salsabila Bilqis Laras Sabrina, Hanan Laura Prasasti Laura Prasasti Leonardo Leonardo Leonita Leonita Leonnel Fridelon Nitung Lie, Jason Lielyani Saputri Louis Ma'isyatur Rodhiyah MARDIANA Mardiana R Mardiana R Mardiana R. Mardiana R. Mardiana R. Maria Rosario Ma’isyatur Rodhiyah Meisak, Despita Melani Kadar Melani Kadar Melly Agustina Lastuti Michael Dylan Michael Fransisico Lie Mira Gustiana Pangestu Molwen, Elsa Monica, Agnes Muetia Apriliani Muhammad Haris Saputra Mutiara Zahwa Nabila Amarah Dani Nabila Ammarah Dani Nadia Desfira Nael Venicho Irwan Saputra Najmi Nabila Nayla Anindi Irawan Nayla Felisa Maharani Nazwa Yuwandira Putri Neza Dwi Sandani Nia Rahayu Nia Rahayu Nicholas Fernando Nicholas Raymond Sentosa Nicky Aprillio Nofril, Nabila Cantika Novi Anggraini Novia Ardhana Novia Ardhana NOVITA EKASARI NURHADI Nurhayani dan Rosmeli Nurhayani Rosmeli Nurhayati Nurul Depty Anggraini Paskalina Widiastuti Ratnaningsih Patresia, Erin Permatasari, Devita Prasasti, Laura Putri Guslia Putri Haryanti Putri Indri Fitria Ningrum Putri Putri Qori Nur Hidayah R A Isfiani R, Mandasari R, Mardiana Rahman, Aldi Aulia Rahmi Dayanti Raka Akhmad Rizq Ramadhan Hibatur Rahman Ramadhan Hibatur Rahman Ramadhan, Raihan Fajri Raysia Nurazizah Prihastiwi Remalita Mantira Putri Julmi Rendi Irawan Saputra Ressy Allya Susanto Rhaisya Adellia Rhyan Araldo Richard Standley Rifat Prasetya Riska Dwi Utari Rista Aldilla Syafri Rista Aldilla Syafri ROBY SETIAWAN Rohaini, Eni Ronal Naibaho ronal naibaho Rosario, Maria Sabela, Istawa Dina Sabrina Angelina Saharani Isabella Saidin Nainggolan, Saidin Saifan Ali Fazila Sandi Cua Sandra Adelia Saputra, M Haris Sarmilah Puspita Selaras Winny Br Marpaung Septiani, Dhea Septiawan Syaputra , Alfito Setiawan Assegaff Sharipuddin Shivani Nayla Putri Siti Rahmah Sonia Aprilia Sri Wahyu Ningsih Stanley Huang Stevani Putri Anggraini Suratno, Eddy Syacila Andriana Syafina Marwina Syarabila Dwi Fitria Tamia, Brenda Aouren The, Felix Filbert Tiara Eka Putri Tiara Nur Aulia Azhari Tri Agustin, Aini Tri Dinanti Sukmawani Agus Putri Tria Oktavina Tunas Agung Jiwa Brata Usmayanti, Vivi Utami, Febby Nanda Victoria, Kareen Vidya Klara Desvina Vina Andiliana S Vincensius Aprian Mared Vinsensius Kenzie Aldo Baswara Violin Patricia Viony Septhelim Vivi Usmayanti Wafi, Akhdan Wahya Iffa Lubis Wahya Lubis Yaldi, Effiyaldi Yamir , Septi Novi Yonatan, Terence Adi Yosi Fahdillah yosi fahdillah Yulina, Putri Dea Yuni Zuliawati Zalfa Zahira Azzahra Zulfanetti Zulfanetti Zulfanetti, Zulfanetti