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Analisis Kinerja Keuangan Perusahaan pada Sektor Transportasi dan Logistik yang Terdaftar di Bei Periode 2019-2023 Firah Nur Rizky Said; Muhammad Ichwan Musa; Anwar Anwar; Andi Mustika Amin; Annisa Paramaswary Aslam
Trending: Jurnal Manajemen dan Ekonomi Vol. 3 No. 2 (2025): Trending: Jurnal Manajemen dan Ekonomi
Publisher : Universitas 45 Surabaya

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.30640/trending.v3i2.3916

Abstract

This study aims to analyze the financial performance of companies in the transportation and logistics sector listed on the Indonesia Stock Exchange (IDX) during the 2019-2023 period using the DuPont Analysis method. This approach involves the use of financial ratios such as Net Profit Margin (NPM), Total Asset Turnover (TATO), Return on Assets (ROA), Return on Equity (ROE), and Price to Earnings Ratio (PER) to evaluate profitability, asset utilization efficiency, and company equity performance. The data used was obtained from the companies' annual financial reports, the IDX website, as well as supporting data from the Central Statistics Agency (BPS) and other relevant sources. The research results show that the average NPM, ROA, and ROE of companies in the transportation and logistics sector are above industry standards, reflecting strong profitability performance. However, the TATO is below industry standards, indicating the need for improvements in asset utilization efficiency. Additionally, the high average PER reflects positive market expectations regarding the sector's growth in the future.
Pengaruh Pertumbuhan Aset dan Struktur Modal terhadap Profitabilitas Perusahaan: Studi pada Perusahaan Sektor Food and Beverage yang Terdaftar di Bursa Efek Indonesia Periode 2018-2022 Arshi Naisya Wahyuni; Anwar Anwar; Andi Mustika Amin; Nurman Nurman; Annisa Paramaswary Aslam
Jurnal Manajemen Kewirausahaan dan Teknologi Vol. 2 No. 2 (2025): Juni : Jurnal Manajemen Kewirausahaan dan Teknologi
Publisher : Asosiasi Riset Ilmu Manajemen Kewirausahaan dan Bisnis Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.61132/jumaket.v2i2.568

Abstract

This study aims to determine the effect of asset growth and capital structure on profitability in Food and Beverage sub-sector manufacturing companies listed on the Indonesia Stock Exchange for the 2018-2022 period. The data collection method used is secondary data from financial reports of Food and Beverage sub-sector companies listed on the Indonesia Stock Exchange. The population in this study was 43 companies and 16 samples were obtained using purposive sampling. The results of this study partially 1. Asset growth has a positive and insignificant effect on profitability. This is supported by the company PT Tri Banyan Tbk which experienced a decline in asset growth for 5 consecutive years. 2. Capital structure has a negative and significant effect on profitability. This shows that if the capital structure of a Food and Beverage company increases, profitability will decrease and vice versa. 3. Simultaneously, Asset growth and capital structure have a significant effect on profitability. This shows that if asset growth and capital structure increase or decrease, it will affect profitability in Food and Beverage companies.
Pemulihan Industri Pariwisata di Kota Makassar Pasca Pandemi COVID-19 Regina; Irwandi; Annisa Paramaswary Aslam; Basalamah, Muhammad Syafi'i A.
Paradoks : Jurnal Ilmu Ekonomi Vol. 8 No. 3 (2025): May - July
Publisher : Fakultas Ekonomi, Universitas Muslim Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.57178/paradoks.v8i3.1232

Abstract

This research employs a literature study method focused on the revitalization of the tourism industry in Makassar during the Covid-19 pandemic. The data used are derived from nationally and internationally recognized sources. The study was conducted through manual research, utilizing data collected from Google Scholar and Mendeley to address information gaps related to the challenges faced by the tourism sector before and after the pandemic. The impact of Covid-19 on the population of Makassar City is evident in the significant decline in both international and domestic travel. The number of tourist visits—both domestic and foreign—decreased substantially. A crucial first step in improving employment conditions in the tourism sector is addressing issues in the transportation sector, including the availability of lodging and food services. The Covid-19 pandemic severely disrupted the national economy. Tourism, which plays an essential role in human life as a means to relieve stress and fatigue from work, was among the most affected sectors. Various economic analyses have shown that tourism was one of the hardest-hit industries. While tourism has the potential to support the broader community economy, the overall economic downturn has negatively impacted the tourism sector at both macro and micro levels.
Pengaruh Profitabilitas dan Kebijakan Dividen terhadap Nilai Perusahaan pada Sektor Perbankan di Bursa Efek Indonesia Rezky Nurul Amaliah; Nurman Nurman; Annisa Paramaswary Aslam; Anwar Anwar; Abdul Rahman
JUMBIWIRA : Jurnal Manajemen Bisnis Kewirausahaan Vol. 4 No. 3 (2025): Desember : Jurnal Manajemen Bisnis Kewirausahaan
Publisher : BADAN PENERBIT STIEPARI PRESS

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.56910/jumbiwira.v4i3.3179

Abstract

This study aims to analyze the effect of profitability, measured by Return on Equity (ROE), and dividend policy, measured by Dividend Payout Ratio (DPR), on company value, measured by Price to Book Value (PBV), in the banking sector listed on the Indonesia Stock Exchange (IDX) for the period 2020–2024. This study also examines the partial and simultaneous effects of these two variables to provide a more comprehensive picture of the factors that determine company value. This study uses a quantitative approach with an associative research design. Secondary data were obtained from the annual financial reports of 15 banking companies listed on the IDX during the research period. Data analysis was performed using panel data regression with the assistance of EViews 2012 software. The statistical tests used included the t-test, F-test, and coefficient of determination (R²). The results showed that profitability (ROE) had a negative and significant effect on company value (PBV), while dividend policy (DPR) had a positive but insignificant effect. However, simultaneously ROE and DPR have a significant effect on PBV even though their contribution is relatively small. This finding indicates that investors pay more attention to profitability as the main indicator in assessing company performance, while dividend policy has not been fully able to influence market perception of the value of banking companies in Indonesia. The conclusion of this study is that profitability is an important factor in determining company value in the banking sector, while dividend policy still requires a stronger signal to influence investor perceptions. The results of this study have implications for company management in formulating effective dividend strategies and for investors in making more appropriate investment decisions in the capital market.
Pengaruh Rasio Keuangan terhadap Perubahan Laba pada Perusahaan Telekomunikasi yang Terdaftar di Bei Tahun 2019-2023 Rahmiani Rahmiani; Sitti Hasbiah; Andi Mustika Amin; Nurman Nurman; Annisa Paramaswary Aslam
Maeswara : Jurnal Riset Ilmu Manajemen dan Kewirausahaan Vol. 3 No. 5 (2025): OKTOBER : Maeswara : Jurnal Riset Ilmu Manajemen dan Kewirausahaan
Publisher : Asosiasi Riset Ilmu Manajemen Kewirausahaan dan Bisnis Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.61132/maeswara.v3i5.2232

Abstract

This study aimed to determine and analyze the influence of financial ratios on profit changes in telecommunications companies listed on the Indonesia Stock Exchange (IDX) during the 2019–2023 period. The financial ratios used in this study encompass four main groups: liquidity ratios, solvency ratios, activity ratios, and profitability ratios. This study employed a quantitative approach with an associative nature because it attempted to examine the relationship and influence between these financial variables on profit changes. The population in this study comprised all telecommunications companies listed on the IDX, while the sample selection was conducted using a purposive sampling technique with specific criteria, resulting in 15 eligible companies. The research data were then analyzed using panel data regression using EViews 12 software, with the best model selected being the Random Effect Model (REM). The results showed that simultaneously, liquidity, solvency, activity, and profitability ratios significantly influenced profit changes, thus concluding that the company's overall financial performance plays a significant role in determining the dynamics of profit generated. However, partial test results showed that the influence of each ratio was different. The solvency ratio has a significant negative effect on profit changes, indicating that the higher a company's debt level, the greater the risk of profit decline. Conversely, the profitability ratio has a significant positive effect, confirming that a company's ability to generate net profit is a major factor in increasing profit changes. Meanwhile, the liquidity ratio and activity ratio were not shown to have a significant effect on profit changes, indicating that short-term liquidity and operational efficiency are not sufficient to be the primary determinants in driving profit changes in the telecommunications sector.  
Perencanaan dan Kinerja Keuangan Badan Pengelolaan Keuangan Daerah (BPKD) Kabupaten Gowa Muliati Muliati; Zainal Ruma; Anwar Anwar; Hety Budiyanti; Annisa Paramaswary Aslam
Journal of Management and Social Sciences Vol. 3 No. 3 (2024): August : Journal of Management and Social Sciences
Publisher : Sekolah Tinggi Ilmu Administrasi Yappi Makassar Jl. Sumba no 46, Kota Makassar, Sulawesi Selatan

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.55606/jimas.v3i3.1468

Abstract

This research aims to find out the planning of the Gowa Regency Regional Revenue and Expenditure Budget Report (APBD) in 2024 and 2025 using the least squares trend technique and wants to know how well the Gowa Regency Regional Financial Management Agency (BPKD) Financial Performance will be in 2024 and 2025 the future will be based on the regional financial independence ratio, the degree of decentralization ratio and the growth ratio. The type of research used is descriptive quantitative. The data processed is the Regional Revenue and Expenditure Budget Realization Report for 2020 to 2022. The data collection technique used in this research is documentation techniques. The data analysis technique is forecasting using the Trend least square formulation and the regional financial independence ratio, the degree of decentralization ratio and the growth ratio. The results of the research show that the projected regional income and expenditure budget (APBD) report for Gowa Regency in 2024 and 2025 will experience a deficit of IDR. (114,637,699,688.89) and Rp. (166,991,785,688.33). Meanwhile, the financial performance of the Gowa Regency Regional Financial Management Agency (BPKD) in 2024 and 2025 is poor, seen from the results of calculating the regional financial independence ratio, it is classified as very low and in the relationship pattern (Instructive) category, with details: in 2024 it is 19% and in 2025 will be 20%, then the decentralization degree ratio is classified as low, with details: in 2024 it will be 16% and 2025 it will be 17%, and the growth ratio is relatively low, with details: in 2024 it will be 5% and in 2025 it will be 4%.
Pengaruh Likuiditas dan Profitabilitas terhadap Keputusan Investasi pada Bank Umum Syariah yang Terdaftar di Bursa Efek Indonesia Periode 2021–2025 Andi Muhammad Hanif; Muhammad Ichwan Musa; Andi Mustika Amin; Anwar Anwar; Annisa Paramaswary Aslam
Jurnal Riset Rumpun Ilmu Sosial, Politik dan Humaniora Vol. 5 No. 1 (2026): JURRISH: Jurnal Riset Rumpun Ilmu Sosial, Politik dan Humaniora
Publisher : Pusat Riset dan Inovasi Nasional

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.55606/jurrish.v5i1.6888

Abstract

The rapid development of Islamic banking in Indonesia faces significant challenges in maintaining liquidity and profitability amidst dynamic capital market conditions. The urgency of this study arises from the need to examine whether traditional financial ratios, such as the Financing to Deposit Ratio (FDR) and Return on Equity (ROE), play a decisive role in influencing investment decisions, which are proxied by the Price to Earning Ratio (PER). The main objective of this research is to empirically test the effect of liquidity and profitability, both partially and simultaneously, on investment decisions in Islamic commercial banks listed on the Indonesia Stock Exchange during the 2021–2025 period. This study adopts an associative design with a quantitative approach, utilizing secondary data from financial reports obtained from the IDX, and analyzed using multiple linear regression on 68 observation samples. The findings reveal that neither liquidity nor profitability significantly influence investment decisions, either partially or simultaneously. These results suggest that investors in the Islamic banking sector tend to prioritize non-financial factors such as sharia compliance, governance, macroeconomic conditions, and ESG trends, rather than conventional financial indicators. In conclusion, this research extends the understanding of the limitations of Signaling Theory in the sharia context and recommends the development of a more holistic investment evaluation model. Future studies are encouraged to incorporate non-financial variables for a more comprehensive analysis.
Pengaruh Pengelolaan Modal Kerja dan Struktur Modal terhadap Profitabilitas pada Perusahaan Kosmetik dan Perawatan Tubuh yang Terdaftar di BEI Tahun 2020-2024 Astika Jabir; M.Ikhwan Maulana Haeruddin; Annisa Paramaswary Aslam; Anwar, Anwar; Nurman, Nurman
Trending: Jurnal Manajemen dan Ekonomi Vol. 4 No. 1 (2026): Januari : Trending: Jurnal Manajemen dan Ekonomi
Publisher : Universitas 45 Surabaya

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.30640/trending.v4i1.5608

Abstract

This study aims to analyze the influence of working capital management and capital structure on profitability in cosmetic and personal care manufacturing companies listed on the Indonesia Stock Exchange (IDX) for the period 2020–2024. This research employs a quantitative approach using multiple panel data regression, in which the data utilized are secondary data obtained from the annual financial statements of six companies during the study period. The independent variables consist of working capital management proxied by the Current Ratio (CR) and capital structure proxied by the Debt to Equity Ratio (DER), while the dependent variable is profitability measured using Return on Assets (ROA). The results indicate that working capital management has an insignificant effect on profitability, whereas capital structure has a positive and significant effect on profitability. Simultaneously, both independent variables significantly influence profitability, suggesting that capital structure plays a more dominant role compared to working capital management in increasing the company’s ability to generate profits during the observed period.
PENGARUH VOLUME PERDAGANGAN DAN KAPITALISASI PASAR TERHADAP VOLATILITAS HARGA PADA CRYPTOCURRENCY Tamara Audry Anandika Syahrir; Tenri Sayu Puspitaningsih Dipoatmodjo; Andi Mustika Amin; Anwar, Anwar; Annisa Paramaswary Aslam
Juremi: Jurnal Riset Ekonomi Vol. 5 No. 3 (2025): Nopember 2025
Publisher : Bajang Institute

Show Abstract | Download Original | Original Source | Check in Google Scholar

Abstract

This research aims to examine the impact of trading volume and market capitalization on price volatility in the cryptocurrency market, while also identifying the direction and significance of each variable's influence. The study employs a quantitative methodology. Data were obtained through documentation of monthly historical cryptocurrency records. The sample comprises the five leading cryptocurrencies ranked by market capitalization: Bitcoin, Ethereum, Ripple, Tether, and Binance Coin. Data analysis utilized panel regression techniques to investigate the effect of independent variables (trading volume and market capitalization) on the dependent variable (price volatility). The findings reveal that trading volume demonstrates a positive and significant effect on cryptocurrency price volatility, suggesting that increased trading activity escalates price fluctuations. In contrast, market capitalization exhibits a negative and significant effect on price volatility, indicating that assets with larger market capitalization experience lower price volatility
PENGARUH CURRENT RATIO DAN DEBT TO EQUITY RATIO TERHADAP NET PROFIT MARGIN PADA PERUSAHAAN ASURANSI YANG TERDAFTAR DI BURSA EFEK INDONESIA PERIODE 2020-2024 Zahratul Afiqah; Nurul Fadilah Aswar; Annisa Paramaswary Aslam; Anwar Ramli; Nurman, Nurman
Juremi: Jurnal Riset Ekonomi Vol. 5 No. 3 (2025): Nopember 2025
Publisher : Bajang Institute

Show Abstract | Download Original | Original Source | Check in Google Scholar

Abstract

Penelitian ini bertujuan untuk menganalisis dan menguji pengaruh Current Ratio serta Debt to Equity Ratio terhadap Net Profit Margin pada perusahaan asuransi yang tercatat di Bursa Efek Indonesia selama periode 2020–2024. Kajian ini secara khusus menilai sejauh mana tingkat likuiditas, yang diproksikan melalui Current Ratio (CR), dan struktur modal, yang diukur dengan Debt to Equity Ratio (DER), memengaruhi tingkat profitabilitas perusahaan asuransi. Evaluasi dilakukan baik secara parsial maupun simultan. Penelitian ini menggunakan pendekatan kuantitatif dengan desain penelitian asosiatif. Data yang digunakan bersifat sekunder, diperoleh dari laporan keuangan tahunan perusahaan asuransi yang terdaftar di Bursa Efek Indonesia selama periode pengamatan 2020–2024. Penentuan sampel dilakukan melalui teknik purposive sampling, yaitu pemilihan sampel berdasarkan kriteria tertentu agar sesuai dengan tujuan penelitian. Metode analisis yang diterapkan adalah regresi data panel dengan tiga pendekatan, yaitu Common Effect Model (CEM), Fixed Effect Model (FEM), dan Random Effect Model (REM). Pemilihan model terbaik dilakukan melalui uji Chow, uji Hausman, dan uji Lagrange Multiplier (LM). Hasil penelitian menunjukkan bahwa Current Ratio (CR) berpengaruh positif dan signifikan terhadap Net Profit Margin (NPM). Hal ini mengindikasikan bahwa tingkat likuiditas yang lebih tinggi dapat meningkatkan kemampuan perusahaan dalam menghasilkan laba bersih. Sebaliknya, Debt to Equity Ratio (DER) berpengaruh negatif namun tidak signifikan terhadap Net Profit Margin (NPM). Penelitian ini menunjukkan bahwa peningkatan penggunaan utang cenderung diikuti oleh penurunan profitabilitas, meskipun pengaruh tersebut belum terbukti kuat secara statistik sehingga utang belum menjadi faktor penentu utama laba perusahaan asuransi. Secara simultan, Current Ratio dan Debt to Equity Ratio berpengaruh signifikan terhadap Net Profit Margin (NPM). Dengan demikian, kombinasi pengelolaan kas dan struktur pendanaan yang efisien dapat meningkatkan kinerja profitabilitas perusahaan asuransi di Indonesia