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Unraveling the Impact of Covid-19: Financial Distress and Resilience in Indonesian Retail Giants I Ketut Mangku; Andika; Nadia; Melli Agustiani
International Journal of Economics (IJEC) Vol. 3 No. 1 (2024): January-June
Publisher : PT Inovasi Pratama Internasional

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.55299/ijec.v3i1.491

This study aimed to analyze whether PT. Matahari Department Store Tbk, PT. Hero Supermarket Tbk, PT. MAP Active Adiperkasa Tbk, and PT. Erajaya Swasembada Tbk experienced financial distress during the period of 2019-2021. The objective was to identify if any of these companies faced financial difficulties and, if so, determine the main variables that caused their financial problems. A sample of four companies from the Supermarket & Convenience Store, Clothing & Textile Retail, and Electronic Retail sub-industries was chosen using purposive sampling. The data analysis used the Altman Z-score (multiple discriminant analysis) method. The results revealed that two companies, PT. Hero Supermarket Tbk in 2019 and 2020, with Z-scores of 2.9510 and 2.5147, respectively, and PT. Matahari Department Store Tbk in 2020-2021, with Z-scores of 2.1954 and 2.6608, fell within the gray area. The gray area indicates that these companies were at risk of financial distress. Among these two companies, PT. Hero Supermarket Tbk faced financial distress in 2021, as indicated by a Z-score of 0.9288. On the other hand, the analysis indicated that two companies, PT. MAP Active Adiperkasa Tbk and PT. Erajaya Swasembada Tbk, remained in a healthy and safe financial condition throughout the three-year period, as their Z-scores were greater than 2.88. In conclusion, the study highlights the importance of financial health analysis for companies operating in the Supermarket & Convenience Store, Clothing & Textile Retail, and Electronic Retail industries. The Altman Z-score proved to be a valuable tool in identifying financial distress risks and assisting decision-makers and stakeholders in making informed and proactive strategies to mitigate potential financial difficulties.

STRATEGI PENTING DALAM MENCEGAH ANEMIA: PENYULUHAN KESEHATAN UNTUK KEHIDUPAN YANG LEBIH SEHAT PADA REMAJA PUTRI DI KELURAHAN KARANGWARU, KECAMATAN TEGALREJO, YOGYAKARTA Jeffry Andhika Putra; Kusmaryati Dwi Rahayu; Widya Kartika; I Ketut Mangku
J-ABDI: Jurnal Pengabdian kepada Masyarakat Vol. 3 No. 11: April 2024
Publisher : Bajang Institute

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.53625/jabdi.v3i11.7625

Anemia is a micronutrient problem that occurs throughout the world, especially in developing countries, where it is estimated to occur in 30% of the world's population. As a result of a lack of hemoglobin levels, it causes symptoms of lethargy, fatigue and fatigue quickly when carrying out activities which will have an impact on decreased concentration and learning achievement, and in the long term will have an impact on the quality of human resources, where young women are the future generation of the nation who will later supports determining the next generation. The results of basic health research in 2013 showed that anemia in adolescent girls increased to 48.9% in 2018. The aim of this community service is to provide information to adolescent girls about anemia and the importance of consuming blood supplement tablets. The methods used in this community service are lectures, question and answer discussions. This community service was carried out on November 23 2020, starting at 10.00 WIB until 12.00 WIB, at RW 4 Hall with a total of 40 participants. The result of this community service was an increase in young women's knowledge about anemia and the benefits of consuming blood supplement tablets

Unraveling the Impact of Covid-19: Financial Distress and Resilience in Indonesian Retail Giants I Ketut Mangku; Andika; Nadia; Melli Agustiani
International Journal of Economics (IJEC) Vol. 3 No. 1 (2024): January-June
Publisher : PT Inovasi Pratama Internasional

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.55299/ijec.v3i1.491

This study aimed to analyze whether PT. Matahari Department Store Tbk, PT. Hero Supermarket Tbk, PT. MAP Active Adiperkasa Tbk, and PT. Erajaya Swasembada Tbk experienced financial distress during the period of 2019-2021. The objective was to identify if any of these companies faced financial difficulties and, if so, determine the main variables that caused their financial problems. A sample of four companies from the Supermarket & Convenience Store, Clothing & Textile Retail, and Electronic Retail sub-industries was chosen using purposive sampling. The data analysis used the Altman Z-score (multiple discriminant analysis) method. The results revealed that two companies, PT. Hero Supermarket Tbk in 2019 and 2020, with Z-scores of 2.9510 and 2.5147, respectively, and PT. Matahari Department Store Tbk in 2020-2021, with Z-scores of 2.1954 and 2.6608, fell within the gray area. The gray area indicates that these companies were at risk of financial distress. Among these two companies, PT. Hero Supermarket Tbk faced financial distress in 2021, as indicated by a Z-score of 0.9288. On the other hand, the analysis indicated that two companies, PT. MAP Active Adiperkasa Tbk and PT. Erajaya Swasembada Tbk, remained in a healthy and safe financial condition throughout the three-year period, as their Z-scores were greater than 2.88. In conclusion, the study highlights the importance of financial health analysis for companies operating in the Supermarket & Convenience Store, Clothing & Textile Retail, and Electronic Retail industries. The Altman Z-score proved to be a valuable tool in identifying financial distress risks and assisting decision-makers and stakeholders in making informed and proactive strategies to mitigate potential financial difficulties.

The Influence and Contribution of Financial Performance to Firm Value: A Study on Manufacturing Companies Listed on the Indonesia Stock Exchange I Ketut Mangku; Andika, Andika; Della Nanda Luthfiana; Agustina Gabyanti Kleden
Journal of Accounting and Finance Management Vol. 4 No. 6 (2024): Journal of Accounting and Finance Management (January - February 2024)
Publisher : DINASTI RESEARCH

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.38035/jafm.v4i6.282

This research, titled “The Influence and Contribution of Financial Performance to Firm Value: A Study on Manufacturing Companies in the Indonesia Stock Exchange,” aims to assess the impact and contribution of financial performance on firm value. Financial performance is measured using Return on Assets, debt-to-assets ratio, Total Assets Turnover, and Dividend Payout Ratio, while firm value is proxied using price-to-book value. The sample is determined through purposive sampling, and multiple linear regression analysis is employed to examine the influence of financial performance variables on firm value. The research findings indicate that Return on Assets and Debt to Assets Ratio have a significant favorable influence. Meanwhile, Total Assets Turnover has a non-significant negative impact, and the Dividend Payout Ratio has a positive but non-significant effect on firm value. Approximately 6.9% of the variability in firm value can be explained by financial performance variables. Implications: The findings of this research provide insights for investors in making investment decisions and underscore the importance of understanding financial performance and its impact on firm value

Unraveling the Impact of Covid-19: Financial Distress and Resilience in Indonesian Retail Giants I Ketut Mangku; Andika, Andika; Nadia; Melli Agustiani
Dinasti International Journal of Economics, Finance & Accounting Vol. 4 No. 3 (2023): Dinasti International Journal of Economics, Finance & Accounting (July - August
Publisher : Dinasti Publisher

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.38035/dijefa.v4i3.1978

This study aims to analyze whether PT. Matahari Department Store Tbk, PT. Hero Supermarket Tbk, PT. MAP Active Adiperkasa Tbk, and PT. Erajaya Swasembada Tbk experienced financial distress during the 2019-2021 period. The sample of these four companies was selected using purposive sampling. Data analysis using the Altman Z-score method. It was found that two companies, PT. Hero Supermarket Tbk in 2019 and 2020, with Z-scores of 2.9510 and 2.5147, and PT. Matahari Department Store Tbk in 2020-2021 with Z-scores of 2.1954 and 2.6608 are in the gray area. Between the two companies, PT. Hero Supermarket Tbk is facing financial distress in 2021 with a Z-score of 0.9288. PT. MAP Active Adiperkasa Tbk and PT. Erajaya Swasembada Tbk, is in healthy financial condition, because their Z-score is greater than 2.88. In conclusion, this study is an important financial health analysis conducted for companies operating in the Supermarket & Convenience Store, Clothing & Textile Retail, and Electronic Retail industries. The Altman Z-score has proven to be a valuable tool in identifying the risk of financial distress

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