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The Influence Of Cash Conversion Cycle Toward Bankruptcy Risk Using Altman Z-Score Andoko; Santana, Sindy
Jurnal Akuntansi, Manajemen dan Ilmu Ekonomi (Jasmien) Vol. 5 No. 02 (2025): Jurnal Akuntansi, Manajemen dan Ilmu Ekonomi (Jasmien) : Desember-Febuari
Publisher : Cattleya Darmaya Fortuna

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.54209/jasmien.v5i02.1035

Abstract

This study investigates the impact of the cash conversion cycle (CCC) on bankruptcy risk in manufacturing companies listed on the Indonesia Stock Exchange (BEI) from 2019 to 2023, using Altman Z-Score as a measure of bankruptcy risk. The sample, selected through purposive sampling, includes 231 observations from companies meeting specific criteria. Multiple linear regression analysis is employed, with CCC as the main independent variable and control variables including current ratio (CR), return on assets (ROA), company size (SIZE), and debt-to-equity ratio (DER). Classical assumption tests ensure the reliability of the regression model. The findings indicate that CCC significantly affects bankruptcy risk, suggesting that effective CCC management can reduce bankruptcy likelihood. ROA, SIZE, and DER also significantly influence bankruptcy risk, while CR shows no effect. This research highlights the importance of optimizing CCC through improved inventory and receivables management to maintain financial stability. CCC is also a valuable indicator for investors in assessing a company’s financial health. Future studies should explore additional variables and adopt alternative analytical methods to enhance insights.
Design Extractor Machine Untuk Meningkatkan Kualitas Dan Kuantitas Produksi Syrup Nira Tebu Sebagai Pemanis Pengganti Gula Pasir Rina Rifqie Mariana; Gunawan, Aditia Gustiana; Nada Itorul Umam; Andoko; Yoto
CARADDE: Jurnal Pengabdian Kepada Masyarakat Vol. 7 No. 3 (2025): April
Publisher : Ilin Institute

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.31960/caradde.v7i3.2602

Abstract

This community service activity is an implementation of the 2022 research findings, which revealed that sugarcane sap, as a raw material for granulated sugar, contains antioxidants beneficial for health. Various sugarcane sap-based products have been introduced to the community, particularly to SMEs and sugarcane farmers in Pagelaran Village. The community’s response has been very positive, as sugarcane is a local commodity in the village. However, a challenge faced in the 2023 community service project was the unavailability of a sugarcane sap extractor, forcing them to buy sugarcane sap from outside the village. This approach was inefficient, and the sap easily spoiled due to microbial activity, leading to the breakdown of sucrose into reducing sugars and other compounds. To address this, the team designed and built a sugarcane sap extractor machine and provided training on making flavored sugarcane syrup. The event took place on September 19, 2024, with 28 participants from SMEs and farmers’ groups, along with 7 village officials. The participants were taught how to use the extractor, how to make sugarcane syrup, the benefits of the syrup, product branding, and basic bookkeeping. At the end of the session, the machine was handed over to the village head to be donated to the SMEs as capital for producing functional drinks from sugarcane sap. The participants responded positively, and the SMEs committed to expanding their business by offering functional drinks made from sugarcane sap, including sugarcane syrup in various flavors.
The Investigation of the Impact of Good Corporate Governance on the Value of Manufacturing Companies Listed on the IDX Ciptawan, Ciptawan; Andoko; Putra, Ali Syah; Yenni; Arifin
Indonesian Journal Economic Review (IJER) Vol. 5 No. 2 (2025): October
Publisher : Divisi Riset, Lembaga Mitra Solusi Teknologi Informasi (L-MSTI)

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.59431/ijer.v5i2.571

Abstract

This study aims to determine the effect of good corporate governance on company value (a study of manufacturing companies listed on the IDX in 2022-2024). The selection of this study used purposive sampling, so that the number of samples used was 41 companies from a population of 144 companies. In this study, the results of the analysis were carried out to draw conclusions about the effect of good corporate governance on company value (a study of manufacturing companies listed on the IDX in 2022-2024). Data processing using Eviews 12. The results of the study show that managerial ownership affects company value in Manufacturing Companies on the IDX in 2022-2024. Institutional ownership affects company value in Manufacturing Companies on the IDX in 2022-2024.
LAPORAN ARUS KAS UNTUK PENINGKATAN KINERJA PERUSAHAAN Andoko
Jurnal Mahkota Bisnis (Makbis) Vol 3 No 1 (2024): Jurnal Mahkota Bisnis (Makbis)
Publisher : MTU PRESS

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

Abstract

The purpose of this study is to determine how Tbk's financial performance is calculated using a cash flow statement. Field research, which involves observation, interviews, and library research involving the study of relevant literature, is the methodology employed in this study. Descriptive analysis, which explains the cash flow ratio as the foundation for the evaluation of financial performance, is the method used in this study. The study's findings demonstrate that, overall, the company's cash flow operating ratios are fairly good for each cash flow ratio, with the exception of the cash flow to total debt ratio, which has a low enough ratio to suggest that the company will not be able to pay off its debt with cash flow from operations.
CORPORATE SOCIAL RESPONSIBILITY UNTUK MENINGKATKAN NILAI PERUSAHAAN Andoko
Jurnal Mahkota Bisnis (Makbis) Vol 3 No 2 (2024): Jurnal Mahkota Bisnis (Makbis)
Publisher : MTU PRESS

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.59929/mm.v3i2.63

Abstract

The concepts of Corporate Social Responsibility (CSR) and Environmental, Social, and Governance (ESG) have gained significant prominence in recent years. Historically, the primary focus in business management was the company's financial performance. However, with the growing emphasis on mitigating climate change, generating profits for investors is no longer the sole consideration in business management. More investment metrics are now giving attention to environmental protection, social responsibility, corporate governance, and other aspects that promote coexistence and shared prosperity. CSR is a broad concept of sustainability, whereas ESG represents the approach to implementing CSR principles. Therefore, sustainable management is the overarching goal that businesses should aim for. Today, many companies prioritize CSR in shaping their corporate policies. Engaging in CSR activities is undoubtedly beneficial for enhancing a company’s image, but it also has inevitable effects on resource allocation. Therefore, it is important to assess the benefits and costs of CSR activities, particularly their impact on a company's financial performance.