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All Journal Jurnal Ilmiah Edunomika (JIE) Community Development Journal: Jurnal Pengabdian Masyarakat Balance : Jurnal Akuntansi dan Manajemen Innovative: Journal Of Social Science Research Dharma Ekonomi Jurnal Ekonomi, Manajemen, Akuntansi Global Economics: International Journal of Economic, Social and Development Sciences
Fricy O. Rumintjap
Akademi Bisnis Dan Keuangan Primaniyarta
Humanities Computer Science & IT Decision Sciences, Operations Research & Management Economics, Econometrics & Finance Education Health Professions Law, Crime, Criminology & Criminal Justice Public Health Social Sciences Other

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The Effect of Gross Profit to Predict Operating Cash Flow at PT. Unilever Indonesia TBK Anita Nisa Kambey; Gebriany Pirade Wenur; Michelle Eliza; Prisca Patricia Liem; Fricy O. Rumintjap
Dharma Ekonomi Vol. 31 No. 2 (2024): DHARMA EKONOMI
Publisher : sekolah Tinggi Ilmu Ekonomi Dharmaputra Semarang

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.59725/de.v31i2.160

Abstract

This study aims to analyze the effect of gross profit on the prediction of operating cash flow at PT. Unilever Indonesia. Gross profit is calculated as the difference between revenue and cost of goods sold, including cash and credit sales, indicating the potential cash inflows expected from customers in the future. The study uses a quantitative method with secondary data obtained from PT. Unilever Indonesia's official website. The results show gross profit significantly impacts the company's operating cash flow prediction. Over the last five years, PT. Unilever Indonesia’s gross profit has increased by an average of 2% per year since 2019. Meanwhile, operating cash flow, calculated from customer receipts and various operational payments, shows fluctuations, with a 3% increase in 2019 and 2021 but only a 1% increase in 2022-2023. This decrease is due to differences in the payment of remuneration to directors and employees, which affects cash flow. These findings highlight the importance of gross profit in predicting operating cash flow in the future.
The Influence of Financial Ratios on Stock Returns: Evidence from the Indonesia Stock Exchange Danang, Surya; Rumintjap, Fricy O
Balance : Jurnal Akuntansi dan Manajemen Vol. 4 No. 1 (2025): April 2025
Publisher : Lembaga Riset Ilmiah

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.59086/jam.v4i1.668

Abstract

Penelitian ini bertujuan untuk menganalisis pengaruh Return on Equity (ROE), Current Ratio (CR), Earnings Per Share (EPS), dan Debt to Equity Ratio (DER) terhadap kinerja saham perusahaan sektor pertambangan yang terdaftar di Bursa Efek Indonesia (BEI) pada periode 2019–2024. Fluktuasi signifikan dalam harga saham sektor pertambangan selama periode tersebut menunjukkan pentingnya faktor fundamental dalam menentukan pergerakan saham. Studi ini menggunakan pendekatan verifikatif dengan populasi sebanyak 74 perusahaan, dan melalui teknik purposive sampling diperoleh 49 perusahaan yang memenuhi kriteria. Data sekunder dikumpulkan dari laporan keuangan yang dipublikasikan di situs resmi BEI, dan dianalisis menggunakan metode regresi data panel dengan perangkat lunak EViews versi 14. Hasil penelitian menunjukkan bahwa ROE, CR, dan EPS berpengaruh positif dan signifikan terhadap kinerja saham, sementara DER berpengaruh negatif dan signifikan. Temuan ini memperkuat peran indikator fundamental dalam memprediksi kinerja saham sektor pertambangan di Indonesia. Penelitian ini diharapkan dapat memberikan kontribusi bagi investor, manajer keuangan, dan pembuat kebijakan dalam pengambilan keputusan strategis di pasar modal.   This study aims to analyze the effect of Return on Equity (ROE), Current Ratio (CR), Earnings Per Share (EPS), and Debt to Equity Ratio (DER) on the stock performance of mining sector companies listed on the Indonesia Stock Exchange (IDX) in the 2019-2024 period. Significant fluctuations in mining sector stock prices during the period indicate the importance of fundamental factors in determining stock movements. This study uses a verification approach with a population of 74 companies, and through purposive sampling technique, 49 companies that meet the criteria are obtained. Secondary data were collected from financial reports published on the official IDX website, and analyzed using the panel data regression method with EViews software version 14. The results showed that ROE, CR, and EPS had a positive and significant effect on stock performance, while DER had a negative and significant effect. These findings strengthen the role of fundamental indicators in predicting the performance of mining sector stocks in Indonesia. This research is expected to contribute to investors, financial managers, and policy makers in making strategic decisions in the capital market.  
Fuzzy Simple Additive Weighting Method in Determining Single Tuition Fees for Prospective New Students at Manado State University Mangelep, Navel Oktaviandy; Mahniar, Ade; Amu, Irfan; Rumintjap, Fricy O.
Innovative: Journal Of Social Science Research Vol. 4 No. 3 (2024): Innovative: Journal Of Social Science Research
Publisher : Universitas Pahlawan Tuanku Tambusai

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.31004/innovative.v4i3.11051

Abstract

Permasalahan untuk menentukan uang kuliah tunggal (UKT) bagi calon mahasiswa baru membutuhkan analisis yang mendalam dan membutuhkan waktu yang lama. Hal ini dikarenakan ada beberapa kriteria kualitatif dan kuantitatif yang menjadi dasar pengambilan keputusan. Permasalahan ini dapat diselesaikan dengan memanfaatkan logika Fuzzy terlebih khusus dengan metode Simple Additive Waighting (SAW). Oleh karena itu, studi ini berfokus pada pengembangan logika fuzzy menggunakan aplikasi SAW untuk menentukan UKT calon mahasiswa baru di Universitas Negeri Manado. Fokus dari studi ini adalah mencari bobot untuk beberapa atribut yang menjadi dasar untuk menentukan klasifikasi calon mahasiswa baru, sehingga dapat menentukan kelompok penerima UKT. Hasil studi ini dapat menjadi rujukan untuk diterapkan pada institusi lain dengan kriteria yang sama.
IMPROVING THE QUALITY OF RESEARCH AND PUBLICATIONS IN SCOPUS JOURNALS FOR LECTURERS AND STUDENTS Navel Oktaviandy Mangelep; Runtu, Patricia V.; Rumintjap, Fricy O.; Tarusu, Deysti T.; Kambey, Anita Nisa
Community Development Journal : Jurnal Pengabdian Masyarakat Vol. 6 No. 1 (2025): Volume 6 No. 1 Tahun 2025
Publisher : Universitas Pahlawan Tuanku Tambusai

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.31004/cdj.v6i1.41164

Abstract

The community service activity with the title "Improving the Quality of Research and Publication in the Scopus Journal for Lecturers and Students" aims to improve the ability of lecturers and students to produce quality scientific works, especially for publication in Scopus-indexed international journals. In today's academic context, publication in international journals is becoming increasingly important, so appropriate support is needed to overcome various challenges faced in the research and writing process of articles. The method applied in this program is a collaborative approach, which includes interactive workshops and direct mentoring by lecturers. Presentation sessions were also organized to share research findings, providing opportunities for participants to learn from each other. The results of this activity showed a significant increase in participants' understanding of research techniques and how to write good scientific articles. In addition, the program has successfully formed collaborative groups between students and lecturers, which creates high motivation to continue research. The evaluation of participants showed satisfaction with the implementation of the program and expectations to continue similar activities in the future. This activity concludes that the mentoring program not only improves the quality of research but also creates a positive research culture in the academic environment. This is very important for the development of science and the reputation of higher education institutions.
BEHAVIOR OF ACCESSING ARTIFICIAL INTELLIGENCE (AI) CONTENT IN INDONESIA: DESCRIPTIVE ANALYSIS BASED ON APJII 2025 SECONDARY DATA Djuuna, Meykel; Fricy Rumintjap; Benhard Lanto
JURNAL ILMIAH EDUNOMIKA Vol. 10 No. 1 (2026): EDUNOMIKA
Publisher : ITB AAS Indonesia Surakarta

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.29040/jie.v10i1.19034

Abstract

This study aims to describe Indonesian internet users' behavior in accessing Artificial Intelligence (AI) content, using secondary data from the 2025 Indonesian Internet Profile Survey conducted by the Indonesian Internet Service Providers Association (APJII). The research adopts a descriptive design, without hypothesis testing or inferential statistics. Data are taken as reported by APJII in the form of percentages and charts, then interpreted through descriptive–narrative analysis. The results indicate a clear gap between high national internet penetration and relatively low AI adoption; only a minority of respondents report using AI, while the majority have not yet engaged with it. Among AI users, educational purposes represent the most common use, followed by entertainment, whereas virtual assistant and productivity functions remain limited. For non-users, the main reasons are not knowing what AI is, not knowing how to use it, and perceiving no need for AI. AI usage is also concentrated among younger generations, particularly Generation Z. The novelty of this study lies in constructing a national descriptive map of AI content access behavior based on APJII’s 2025 AI module, and interpreting it within the framework of digital consumer behavior and AI literacy.
ANALYSIS OF ONLINE LOAN PENETRATION AND CONSUMER BEHAVIOR IN INDONESIA Jusuf, Sabrun; Meykel Djuuna; Fricy Rumintjap
JURNAL ILMIAH EDUNOMIKA Vol. 10 No. 1 (2026): EDUNOMIKA
Publisher : ITB AAS Indonesia Surakarta

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.29040/jie.v10i1.19417

Abstract

The development of financial technology (fintech) has driven the emergence of online lending services as an integral part of Indonesia’s digital financial ecosystem. While these services have the potential to expand financial inclusion, understanding of their penetration levels and consumer behavior patterns remains limited, particularly based on nationally scaled data. This study aims to analyze the penetration of online lending usage and consumer behavior in Indonesia based on generational groups, household expenditure levels, and primary reasons for usage. This research adopts a descriptive quantitative approach by utilizing secondary data from the 2025 Survey on Internet Penetration and User Behavior in Indonesia conducted by the Indonesian Internet Service Providers Association (APJII). The analysis is based on official percentage tables and infographics covering online lending usage status, user distribution by generation and expenditure level, as well as the motivations for using online lending services. The results indicate that the penetration rate of online lending in Indonesia remains relatively low, at approximately 8.21% of internet users. However, usage is concentrated within specific segments, particularly Generation Z and Millennials, as well as households with low to middle expenditure levels. Online lending is utilized for various purposes, with the main motivations including installment-based purchases without credit cards, fulfillment of urgent needs, and financing daily necessities, accompanied by factors such as promotional incentives, ease of process, and lifestyle considerations. These findings suggest that online lending functions, both as a consumption financing instrument and a short-term liquidity buffer. Overall, this study indicates that the primary users of online lending services are digitally adopt groups who simultaneously exhibit higher levels of financial vulnerability. These findings underscore the importance of strengthening targeted digital financial literacy initiatives and consumer protection measures in the development of the online lending ecosystem. This research is expected to serve as a foundation for policymaking and further studies that are more sensitive to generational dynamics and household expenditure structures within the context of Indonesia’s digital finance landscape.
Effects of Climate-Related Financial Risk on Foreign Direct Investment and Economic Stability in Developing Countries Fricy Rumintjap; Eko Sudarmanto; Arvy N. Osma
Global Economics: International Journal of Economic, Social and Development Sciences Vol. 1 No. 3 (2024): September: Global Economics - International Journal of Economic, Social and Dev
Publisher : International Forum of Researchers and Lecturers

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.70062/globaleconomics.v1i3.391

Abstract

Climate change is increasingly recognized as a significant financial risk factor, particularly in developing countries where financial systems are often less resilient to environmental shocks. This study explores the relationship between climate-related financial risks, Foreign Direct Investment (FDI), and economic stability in developing nations. It highlights how both physical risks, such as extreme weather events (e.g., floods and droughts), and transition risks, including regulatory changes and shifts toward a low-carbon economy, deter FDI and contribute to economic volatility. The findings show that developing countries, which are more vulnerable to these risks, experience reduced FDI inflows due to the increased costs of adaptation and the potential for operational disruptions. Additionally, the study finds that countries with weaker financial institutions and governance structures are more susceptible to the economic instability induced by climate risks. The analysis suggests that climate risk mitigation strategies, such as strengthening financial sectors, improving governance, and implementing effective climate policies, can help reduce these risks and create a more stable investment environment. The research also identifies gaps in the literature, particularly the combined effect of climate risks and financial instability on FDI, which warrants further exploration. The study calls for more comprehensive research, particularly focusing on regional case studies and sector-specific impacts, to guide policymakers in fostering a climate-resilient economic environment that attracts sustainable foreign investment.
IMPLEMENTATION OF ONLINE IMPULSIVE PURCHASING WITH DIGITAL PAYMENT METHODS AS A MODERATOR IN NORTH SULAWESI Najwa Bachdar; Meykel Djuuna; Fricy Rumintjap
JURNAL ILMIAH EDUNOMIKA Vol. 10 No. 1 (2026): EDUNOMIKA
Publisher : ITB AAS Indonesia Surakarta

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.29040/jie.v10i1.19585

Abstract

This study aims to analyze the influence of digital promotion and local culture on digital impulsive buying, with digital payment methods as a moderating variable. This study uses the Partial Least Squares Structural Equation Modeling (PLS-SEM) approach with primary data collected from e-commerce users in North Sulawesi, Indonesia. The results show that digital promotion has the most significant influence on impulsive purchasing behavior, followed by local culture, which also contributes positively. However, digital payment methods do not significantly moderate the relationship between the variables studied. These findings highlight that personalized digital promotion strategies and the integration of local cultural values effectively increase consumers' emotional engagement in online purchases. This study provides practical implications for e-commerce players, digital MSMEs, and fintech developers to strengthen digital promotion strategies and financial literacy throughout Eastern Indonesia. Keywords: Digital promotion, local culture, digital payment methods, impulsive buying, e-commerce
Peran Kredit UMKM Dalam Mendorong Pertumbuhan Ekonomi Daerah Di Provinsi Sulawesi Utara Imam Santoso; Fricy Rumintjap
EKOMA : Jurnal Ekonomi, Manajemen, Akuntansi Vol. 5 No. 4: Mei 2026
Publisher : CV. Ulil Albab Corp

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.56799/ekoma.v5i4.16147

Abstract

Penelitian ini bertujuan untuk menganalisis peran kredit Usaha Mikro, Kecil, dan Menengah (UMKM) dalam mendorong pertumbuhan ekonomi daerah di Provinsi Sulawesi Utara. Pendekatan penelitian yang digunakan adalah kualitatif dengan desain studi kepustakaan melalui pemanfaatan data sekunder dan dokumen resmi, khususnya laporan perekonomian regional dan statistik pembiayaan yang diterbitkan oleh Bank Indonesia. Teknik analisis data dilakukan menggunakan analisis isi yang mencakup tahapan klasifikasi, reduksi, interpretasi, dan sintesis data. Hasil penelitian menunjukkan bahwa perekonomian Sulawesi Utara pada triwulan III tahun 2025 tumbuh sebesar 5,39 persen (yoy), meskipun mengalami perlambatan dibandingkan triwulan sebelumnya yang tumbuh 5,64% (yoy), namun tetap berada di atas pertumbuhan ekonomi nasional yang tumbuh 5,04% (yoy). Perlambatan pertumbuhan ekonomi terutama dipengaruhi oleh melemahnya kinerja sektor pertanian, perdagangan, dan industri pengolahan, serta perlambatan konsumsi rumah tangga. Di sisi lain, perkembangan kredit UMKM pada triwulan III 2025 menunjukkan pertumbuhan yang melambat sebesar 0,69% (yoy) jauh lebih rendah dibandingkan triwulan sebelumnya yang tumbuh sebesar 2,84% (yoy), dan disertai peningkatan rasio kredit bermasalah. Temuan ini mengindikasikan bahwa efektivitas kredit UMKM dalam mendorong pertumbuhan ekonomi daerah masih menghadapi tantangan, khususnya dari sisi kualitas pembiayaan dan keberlanjutan usaha UMKM.
Co-Authors AMU, IRFAN Anita Nisa Kambey Arvy N. Osma Benhard Lanto Gebriany Pirade Wenur IMAM SANTOSO Jusuf, Sabrun Mahniar, Ade Meykel Djuuna Meykel Djuuna Michelle Eliza Najwa Bachdar Navel Oktaviandy Mangelep Patricia V. J. Runtu Prisca Patricia Liem Sudarmanto, Eko Surya Danang Tarusu, Deysti T.