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All Journal Journal of Research and Publication Innovation Jurnal Ilmiah Ekonomi dan Manajemen JURNAL RUMPUN MANAJEMEN DAN EKONOMI Jurnal Intelek Dan Cendikiawan Nusantara Jurnal Intelek Insan Cendikia
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PENGARUH CURRENT RATIO (CR), RETURN ON ASSET (ROA), DAN PRICE EARNINGS RATIO (PER) TERHADAP HARGA SAHAM PT BUMI SERPONG DAMAI Tbk PERIODE 2013-2022 Daffa Earin Alghazali; Hasudungan Pangaribuan
Journal of Research and Publication Innovation Vol 3 No 1 (2025): JANUARI
Publisher : Journal of Research and Publication Innovation

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Abstract

The aim of this research is to determine the influence of the Current Ratio, Return On Assets, and Price Earnings Ratio on the share price of PT Bumi Serpong Dami tbk for the 2013-2022 period. This research was conducted with historical data using a time series design. This research uses a descriptive and quantitative approach with classical assumption testing methods, hypothesis testing, t tests, F tests, and data analysis techniques using multiple linear regression. The results of this research are that the Current Ratio partially has a significant effect on stock prices according to the value tcount > ttable or (3.021 > 2.36462). This is also reinforced by the value ρvalue < Sig. 0.050 or (0.023 < 0.050), the t value is positive, so it can be interpreted that the Current Ratio has a positive and significant effect on changes in stock prices. Partial Return on Assets does not have a significant effect on share prices according to the value of tcount < ttable or (0.332 < 2.36462). This is also reinforced by the value ρvalue > Sig. 0.050 or (0.751 > 0.050), the t value is positive, so it can be interpreted that Return On Assets has no significant effect on changes in stock prices. The Price Earnings Ratio partially has no significant effect on stock prices according to the value of tcount < ttable or (1.307 < 2.36462). This is also reinforced by the value ρvalue > Sig. 0.050 or (0.239 > 0.050) is a positive t value, so it can be interpreted that the Price Earnings Ratio has no significant effect on changes in stock prices. Simultaneously the Current Ratio, Return on Assets and Price Earnings Ratio partially have no significant influence on share prices according to the Fcount <Ftable or (5.644 < 4.350), this is also confirmed by ρvalue < Sig. 0.050 or (0.035 < 0.050), the Fcount value is positive, so it can be interpreted that the Current Ratio, Return on Assets and Price Earnings Ratio have a positive and significant effect on changes in stock prices.
PENGARUH TOTAL ASSET TURNOVER DAN DEBT TO EQUITY RATIO TERHADAP RETURN ON ASSET PADA PT MERCK, TBK. PERIODE 2014- 2023 Shita Aulia Lutfiah Wardany; Hasudungan Pangaribuan
Jurnal Intelek Insan Cendikia Vol. 2 No. 8 (2025): AGUSTUS 2025
Publisher : PT. Intelek Cendikiawan Nusantara

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Abstract

Penelitian ini dilakukan dengan tujuan untuk mengetahui pengaruh Total Asset Turnover dan Debt to Equity Ratio terhadap Return On Asset pada PT Merck Tbk, sebuah perusahaan yang bergerak di bidang farmasi dan terdaftar di Bursa Efek Indonesia (BEI) selama periode 2014–2023. Metode penelitian yang digunakan adalah metode kuantitatif dengan menggunakan data sekunder berupa laporan keuangan tahunan perusahaan. Metode analisis yang digunakan adalah analisis deskriptif, uji asumsi klasik, koefisien korelasi, koefisien determinasi, analisis regresi linear berganda dan uji hipotesis dengan uji t dan uji F menggunakan SPSS versi 26. Hasil penelitian secara parsial menunjukkan Total Asset Turnover memiliki nilai thitung > ttabel (1,522 > 2,3646) dan nilai signifikansi sebesar (0,172 > 0,05) artinya Total Asset Turnover tidak berpengaruh secara signifikan terhadap Return On Asset. Secara parsial Debt to Equity Ratio menunjukkan hasil thitung < ttabel (4,834 > 2,3646) dan nilai signifikansi sebesar (0,002 < 0,05) yang menyatakan bahwa secara parsial membuktikan bahwa Debt to Equity Ratio berpengaruh positif dan signifikan terhadap Return On Asset. Sedangkan berdasarkan uji simultan menunjukkan hasil nilai fhitung > ftabel (15,772 > 4,46) dengan tingkat signifikansi sebesar (0,003 < 0,05), yang menunjukkan bahwa Total Asset Turnover dan Debt to Equity Ratio secara simultan berpengaruh signifikan terhadap Return On Asset pada PT Merck Tbk
Analisis Financial Distress Menggunakan Metode Altman Z-Score Untuk Memprediksi Kebangkrutan Pada Sektor Infrastructures Yang Terdaftar Di Bursa Efek Indonesia (BEI) Periode 2019-2024 Kezia Khairani; Hasudungan Pangaribuan
JURNAL RUMPUN MANAJEMEN DAN EKONOMI Vol. 3 No. 2 (2026): Maret
Publisher : CV. KAMPUS AKADEMIK PUBLISHING

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.61722/jrme.v3i2.9058

Abstract

Abstract. This study aims to analyze the condition of financial distress and predict the potential bankruptcy of infrastructure sector companies listed on the Indonesia Stock Exchange (IDX) during the period 2019–2024. The analytical method used in this study is the Altman Z-Score method, which combines five financial ratios, namely Working Capital to Total Assets (WCTA), Retained Earnings to Total Assets (RETA), Earnings Before Interest and Taxes to Total Assets (EBITTA), Market Value of Equity to Total Liabilities (MVETL), and Sales to Total Assets (STA). This type of research is quantitative descriptive research using secondary data in the form of company annual financial reports. The research sample consists of five companies: IBST, WSKT, META, TGRA, and ADHI. The results of this study indicate that IBST, WSKT, TGRA, and ADHi have a Z value <1.8, meaning they are in the Distress Zone category, and META has a value of 1.8 <Z <2.99, meaning they are in the Grey Area category. This indicates that some infrastructure sector companies are in the distress zone category, while other companies are in the grey area condition. This finding indicates differences in the level of financial health between companies, so that financial distress analysis is important as a basis for decision making for management, investors, and creditors
Analisis Financial Distress Menggunakan Metode Altman Z-Score untuk Memprediksi Kebangkrutan pada Perusahaan Manufaktur Sub Sektor Farmasi Periode 2019–2024 Kurniawan Kurniawan; Hasudungan Pangaribuan
Jurnal Intelek Dan Cendikiawan Nusantara Vol. 3 No. 01 (2026): Februari - Maret 2026
Publisher : PT. Intelek Cendikiawan Nusantara

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Abstract

Penelitian ini bertujuan menganalisis kondisi financial distress dan memprediksi potensi kebangkrutan tiga perusahaan farmasi yang terdaftar di Bursa Efek Indonesia periode 2019–2024 menggunakan metode Altman Z-Score, yaitu PT Indofarma Tbk, PT Pyridam Farma Tbk, dan PT Phapros Tbk. Latar belakangnya adalah transformasi industri farmasi pasca-pandemi COVID-19 yang menyebabkan kontraksi permintaan dan tekanan finansial akibat kerugian bersih konsisten. Metode yang digunakan adalah pendekatan kuantitatif deskriptif dengan menghitung empat rasio keuangan: Working Capital to Total Assets (X1), Retained Earnings to Total Assets (X2), Earnings Before Interest and Tax to Total Assets (X3), serta Market Value of Equity to Book Value of Debt (X4), yang diintegrasikan dalam formula Z = 6,56(X1) + 3,26(X2) + 6,72(X3) + 1,05(X4). Hasil menunjukkan ketiga perusahaan mengalami penurunan kesehatan finansial hingga masuk Distress Zone pada 2024, ditandai krisis likuiditas, unprofitabilitas berkelanjutan, dan deteriorasi struktur permodalan sehingga memerlukan restrukturisasi komprehensif.
Pengaruh Biaya Produksi Dan Biaya Operasional Terhadap Peningkatan Laba PT Mayora Indah Tbk Tahun 2013-2024 Rizca Monica Prameswari; Hasudungan Pangaribuan
JURNAL ILMIAH EKONOMI DAN MANAJEMEN Vol. 4 No. 3 (2026): Maret
Publisher : CV. KAMPUS AKADEMIK PUBLISING

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.61722/jiem.v4i3.9125

Abstract

Abstract. The purpose of this study is to examine the effect of production costs and operating costs partially and simultaneously on the net profit of PT Mayora Indah Tbk. This research employs a quantitative method using secondary data in the form of the company’s annual financial statements for the period 2013–2024. Data analysis was conducted using multiple linear regression analysis, t-test, F-test, and coefficient of determination, after first performing classical assumption tests. The results of the study indicate that partially, production costs do not have a significant effect on net profit. This is evidenced by a significance value of 0.052 > 0.05 and a t-value of 2.238 < t-table of 2.262, indicating that the null hypothesis (H₀) is accepted and the alternative hypothesis (H₁) is rejected. Operating costs partially also do not have a significant effect on net profit, as shown by a significance value of 0.880 > 0.05 and a t-value of 0.156 < t-table of 2.262, indicating that the null hypothesis (H₀) is accepted and the alternative hypothesis (H₂) is rejected. However, simultaneously, production costs and operating costs have a significant effect on the net profit of PT Mayora Indah Tbk, as indicated by an F-value of 6.964 > F-table of 4.26 with a significance level of 0.015 < 0.05. Therefore, the null hypothesis (H₀) is rejected and the alternative hypothesis (H₃) is accepted. Thus, it can be concluded that although each variable does not have a significant effect partially, production costs and operating costs simultaneously provide a significant contribution to changes in the company’s net profit.
Co-Authors Daffa Earin Alghazali Kezia Khairani Kurniawan Kurniawan Rizca Monica Prameswari Shita Aulia Lutfiah Wardany