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Analysis of Liquidity, Solvency, and Profitability Ratio to Assess the Financial Performance of PT Hamparan Estate Management in 2018-2020 Purnaningtyas, Kurnia Cahya; Utami, Hadiahti -; Zaenuddin, Achmad -
JOBS (Jurnal Of Business Studies) Vol. 9 No. 1 (2023): April 2023
Publisher : Politeknik Negeri Semarang

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.32497/jobs.v9i1.4817

Abstract

Company financial performance assessment is one way for companies to evaluate both financially and company management. This is very important for the sustainability of the company in the future.   Good performance is not only seen from how high the company generates profit but also from the company's ability to fulfill its obligations both short and long term. The object of this research is PT Hamparan Estate Management. This research aims to analyze the financial performance of PT Hamparan Estate Management in 2018-2020. The analytical method used is financial ratio analysis which includes liquidity ratio (current ratio & quick ratio), solvency ratio (debt to asset ratio & debt to equity ratio), and profitability ratio (ROA & ROE). The type of data used is secondary data in the form of company financial statements for 2018-2020. The results of the analysis of the company's financial performance during 2018-2020 in terms of the liquidity and solvency ratios showed good performance and tended to fluctuate from year to year, but in terms of the profitability ratios showed that the company's performance was not good and tended to decline every year. The health level of the company in terms of liquidity during 2018-2020 shows a liquid state. In terms of solvency, the company shows a solvable situation during 2018-2020. In terms of profitability during 2018-2020, it shows an unhealthy situation
Analyzing the Relationship Between Capital Structure, Profitability, and Their Impact on Company Value in Consumer Goods Subsector Manufacturing Companies Listed on the Asean Stock Exchange Laksono, Febri Suryo; Paniya, Paniya -; Zaenuddin, Achmad -
JOBS (Jurnal Of Business Studies) Vol. 10 No. 1 (2024): Oktober 2024
Publisher : Politeknik Negeri Semarang

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.32497/jobs.v10i1.6223

Abstract

This study investigates the impact of capital structure and profitability on the company value of consumer goods subsector manufacturing companies listed on the ASEAN Stock Exchange from 2019 to 2022. The primary objective is to determine how these financial metrics influence the valuation of firms in a highly competitive and dynamic market. Utilizing panel data analysis, this research analyzes 168 companies selected through purposive sampling based on specific criteria, including consistent financial performance and market capitalization. Descriptive statistics reveal significant variation in capital structures, with an average debt-to-equity ratio (DER) of 3.503 and profitability, measured by return on equity (ROE), averaging 1.253. The common effect, fixed effect, and random effect models were evaluated, with the random effect model deemed most appropriate based on Hausman and Breusch-Pagan tests. The regression analysis shows that both DER and ROE positively and significantly impact company value, as indicated by the price-to-book ratio (PBV). The findings underscore the importance of strategic financial decision-making in enhancing firm value. Higher DER suggests effective leverage use, while increased ROE indicates efficient management and strong financial performance, both contributing to higher firm valuations. This study contributes to the academic understanding of corporate finance within the ASEAN consumer goods sector and provides practical insights for managers, investors, and policymakers to optimize financial strategies and enhance competitiveness.
Influence of Service Quality on Student Satisfaction in Online Learning at the Polines Business Administration Department Riyanto, Makmun -; Taviyastuti, Taviyastuti -; Suroija, Noor -; Zaenuddin, Achmad -
Admisi dan Bisnis Vol. 24 No. 3 (2023): OKTOBER 2023
Publisher : Politeknik Negeri Semarang

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.32497/ab.v24i3.5331

Abstract

Online learning is a solution that is widely used in Indonesia during the Covid 19 pandemic at all levels/levels of education. Online learning is the main method chosen so that the learning process continues and the transfer of knowledge from teachers to students continues. Even though the application facilities used have varied, it does not mean that all learning processes are going well and satisfying students. Therefore, this research was conducted to find out whether the quality of online learning services in Business Administration   majors has satisfied students. This is important to know as an effort to evaluate and improve if there is something that needs to be fixed and also if in the future an online learning process is carried out again. The results of quantitative analysis based on the regression value of each variable shows a positive effect. The first has the greatest influence on student satisfaction is the Empathy variable (X6) which is equal to 0.691, then the Assurance variable (X5) is 0.643, the Ease of use variable (X2) is 0.372, the Responsiveness variable (X4) is 0.340, the Responsiveness variable (X3) is 0.270, and the last is the Website design variable (X1) of 0.047. However, based on the t test, there were only 3 variables that had a significant effect on student satisfaction in online learning during the Covid 19 pandemic, namely the Ease of use variable (X2), the Assurance variable (X5), and the Empathy variable (X6). Judging from the Adjusted R2 value, it is obtained a number of 0.610, which means 61% of the variance of student satisfaction in online learning for the Business Administration     Department is explained by the variance of the variables Website design, Easy of use, Reliability, Responsiveness, Assurance, and Empathy, while the rest (100% - 61% = 39%) is explained/influenced by other factors not examined in this study
Influence of Service Prices and Rupiah Exchange Rates on FOB Export Volume in PT Samudera Perdana Selaras (2017-2022) Ady Pamungkas, Rico Arizki; Salsiyah, Sri Marhaeni; Zaenuddin, Achmad -
Admisi dan Bisnis Vol. 25 No. 1 (2024): PEBRUARI 2024
Publisher : Politeknik Negeri Semarang

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.32497/ab.v25i1.5678

Abstract

PT Samudera Perdana Selaras was founded by Rory Riyanto as a Limited Liability Company in 2004, operating in the field of transportation and shipping services (Integrated Global Logistic). Research was conducted to analyze the effects of service prices and the exchange rate of the Indonesian Rupiah, both individually and simultaneously, on the volume of exports free on board. Data was collected through observation mechanisms carried out at PT Samudera Perdana Selaras, as well as secondary data taken from the Central Statistics Agency (Badan Pusat Statistika). The results of the research analysis show that the hypothesis testing, either simultaneously using 40ft and 20ft containers, indicates that all independent variables, namely service prices and the exchange rate of the Rupiah, significantly influence the volume of exports free on board at PT Samudera Perdana Selaras. Meanwhile, in the partial t-test, there is significance between each independent variable and the dependent variable. The service price variable has a negative and significant influence, whereas the exchange rate of the Rupiah variable has a positive and significant influence on the volume of exports free on board, both in the 20ft and 40ft containers. Given the significant contribution of service prices to the volume of exports free on board, PT Samudera Perdana Selaras needs to pay attention to setting the offered service prices to customers (Exporters), thus potentially increasing the volume of exports free on board over time