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All Journal Interdisciplinary Social Studies Journal of Social Science Jurnal Ekonomi, Teknologi dan Bisnis
Erwin Budianto
Universitas Swadaya Gunung Jati, Cirebon
Astronomy Economics, Econometrics & Finance Engineering Environmental Science Industrial & Manufacturing Engineering Languange, Linguistic, Communication & Media Mechanical Engineering Public Health Social Sciences

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The Effect Of Roa, Cr, And Der On Stock Prices In The Food And Beverage Sector Listed On The Indonesian Stock Exchange (Bei) In 2018-2022 Boby Nata Kusuma; Mohamad Iqbal Syafeiq; Rupi’ah Rupi’ah; Erwin Budianto
Journal Of Social Science (JoSS) Vol 3 No 6 (2024): JOSS : Journal of Social Science
Publisher : Al-Makki Publisher

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.57185/joss.v3i6.295

Abstract

The purpose of this study is to ascertain how the food and beverage industry companies listed on the Indonesia Stock Exchange (IDX) are affected by return on assets, debt-to-equity ratios, and current ratios. The Multiple Linear Regression technique and Purposive Sampling of 23 companies over a 5-year research period are applied to secondary data. The SPSS software, version 29, was used to conduct this investigation. They discovered that stock prices are negatively impacted by ROA and CR but not by DER. Then, stock prices are simultaneously impacted by CR, DER, and ROA.
Analysis of Financial Performance Based on Financial Ratios at PT. Garuda Indonesia TBK Listed on the IDX in 2021-2023 Dinda Arnelia Suryani; Heleun Auliasari; Erwin Budianto
Interdisciplinary Social Studies Vol. 4 No. 3 (2025): Regular Issue: April-June 2025
Publisher : International Journal Labs

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.55324/iss.v4i3.843

Abstract

PT Garuda Indonesia Tbk, Indonesia’s national airline, has experienced prolonged financial distress caused by operational inefficiencies, debt mismanagement, and the significant impact of the COVID-19 pandemic. Despite its strategic role in national connectivity and global reputation, Garuda continues to struggle in maintaining liquidity, solvency, profitability, and asset efficiency. This study aims to assess the company’s financial performance during the 2021–2023 period using key financial ratios. A descriptive quantitative method was employed, analyzing secondary data from the company’s official financial statements. The assessment covered four key ratios: liquidity (quick ratio and operating cash flow ratio), solvency (debt-to-asset and cash flow-to-debt), profitability (return on assets and net profit margin), and activity (total and fixed asset turnover). Results indicate slight improvements in liquidity and solvency, but performance remains below standard benchmarks. Profitability was volatile, with a significant recovery in 2022 followed by a decline in 2023. Asset efficiency remained weak throughout the period. These findings reveal Garuda’s unstable financial condition and the urgency for strategic restructuring. The study highlights the need for improved asset utilization, sustainable cost management, and continued financial monitoring to support recovery. Future research may explore qualitative factors like management strategies and industry dynamics.
Analysis Of Determinants Of Firm Value In Property And Real Estate Companies Listed On The Bei In 2019-2022 Habibah Nurmala Sari; Ratnawati Khaeruni; Erwin Budianto
Jurnal Ekonomi Teknologi dan Bisnis (JETBIS) Vol. 3 No. 3 (2024): Jurnal Ekonomi, Teknologi dan Bisnis
Publisher : Al-Makki Publisher

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.57185/jetbis.v3i3.93

Abstract

This study aims to analyze and determine the effect of profitability as measured by return on assets, solvency as measured by debt to equity ratio to company value measured by price book value. This research uses quantitative methods with secondary data sources in the form of the company's annual financial statements. The population of this study is property and real estate companies listed on the Indonesia Stock Exchange (IDX) for the 2019-2022 period. The sampling technique used purposive sampling, and a sample of 37 companies was obtained. The data analysis technique uses multiple linear regression with the SPSS 25 program. The results showed that the return on assets and debt-to-equity ratio had no effect on the value of the company.
Co-Authors Boby Nata Kusuma Dinda Arnelia Suryani Habibah Nurmala Sari Heleun Auliasari Mohamad Iqbal Syafeiq Ratnawati Khaeruni Rupi’ah Rupi’ah