Faninda, Sandra
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Magic Formula: Can It Be Used to Identify 'Winning Stocks' in the Indonesian Stock Exchange? Michael, Michael; Sasmitapura, Angga; Faninda, Sandra; Fransisca, Elza; Setiawan, Amelia
International Journal of Pertapsi Vol. 2 No. 2 (2024): August 2024
Publisher : Pertapsi-Indonesia collaborated with Petra Christian University

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.9744/ijp.2.2.79-87

Abstract

Magic Formula, developed by Joel Greenblatt, offers a simplified investment model that can be used by individuals without extensive financial literacy. This model uses two key metrics: return on capital and earnings yield, to identify potentially profitable stocks. This study tests the effectiveness of the Magic Formula using data from companies listed on the Indonesia Stock Exchange over the past ten years (2011-2021). The results indicate that the Magic Formula yields an average annual return of 39.81%, significantly outperforming the market return, which stands at 6.16%.
Evaluation Operational Activities and Financial Statements of The Papua Pastoral Grocery Store: Evaluasi Kegiatan Operasional dan Laporan Keuangan Kios Pastoral Papua Rahayu, Puji; Sutomo, Felisia; Faninda, Sandra; Mardiana, Mardiana; Kurnia, Tanto; Setiawan, Graciella Angelica
Dinamisia : Jurnal Pengabdian Kepada Masyarakat Vol. 9 No. 4 (2025): Dinamisia: Jurnal Pengabdian Kepada Masyarakat
Publisher : Universitas Lancang Kuning

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.31849/bfv95b60

Abstract

Financial statements are structured representations that reflect business performance. The partner of this service activity, Papua Pastoral Grocery Store, faces various recording problems that are not in accordance with SAK EMKM, including recording inventory, fixed assets, debt, and profit and loss. This activity aims to increase partner capacity through training and mentoring, preparing Standar Operating Procedure, revising financial statement, compiling accurate manual books, compiling basic accounting pocketbooks. The result show an increase in partners understanding of basic financial accounting by 90%, progress in the application of record keeping in accordance with SAK EMKM, and improved operational efficiency through the application of new standard operation procedures. This program supports MSMEs in remote areas to be more financially independent.