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The Impact of Dividend Payout Ratio, Leverage, and Profitability on Cash Holdings of Retail Companies Listed on the IDX from 2017 to 2023 Rohmayati, Nita Selvia; Maghfiroh, Siti
Majapahit Journal of Islamic Finance and Management Vol. 5 No. 3 (2025): Islamic Finance and Management
Publisher : Department of Sharia Economics Institut Pesantren KH. Abdul Chalim Mojokerto

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.31538/mjifm.v5i3.597

Abstract

The purpose of this study is to examine the simultaneous and partial effects of profitability, leverage, and dividend payout ratio on cash holdings in retailing companies that are listed on the Indonesia Stock Exchange between 2017 and 2023. This study employs a quantitative approach, using a purposive sampling strategy to select 12 organizations from a population of 43 companies. Descriptive statistics, multiple linear regression analysis, traditional assumption testing, and hypothesis testing were used in this study's data analysis. The study's findings concurrently demonstrate how cash holdings are impacted by the variables of profitability, leverage, and dividend payout ratio. According to the study's findings, retail businesses should concentrate on managing debt as best they can since it has been shown to impact their cash holdings. As a result, the business can maintain stable cash holdings.
The Impact of Dividend Payout Ratio, Leverage, and Profitability on Cash Holdings of Retail Companies Listed on the IDX from 2017 to 2023 Rohmayati, Nita Selvia; Maghfiroh, Siti
Majapahit Journal of Islamic Finance and Management Vol. 5 No. 3 (2025): Islamic Finance and Management
Publisher : Department of Sharia Economics Institut Pesantren KH. Abdul Chalim Mojokerto

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.31538/mjifm.v5i3.597

Abstract

The purpose of this study is to examine the simultaneous and partial effects of profitability, leverage, and dividend payout ratio on cash holdings in retailing companies that are listed on the Indonesia Stock Exchange between 2017 and 2023. This study employs a quantitative approach, using a purposive sampling strategy to select 12 organizations from a population of 43 companies. Descriptive statistics, multiple linear regression analysis, traditional assumption testing, and hypothesis testing were used in this study's data analysis. The study's findings concurrently demonstrate how cash holdings are impacted by the variables of profitability, leverage, and dividend payout ratio. According to the study's findings, retail businesses should concentrate on managing debt as best they can since it has been shown to impact their cash holdings. As a result, the business can maintain stable cash holdings.
IoT and Solar Powered Storage System for Agricultural Product Quality Enhancement Suhra, Aminatus; Rohmayati, Nita Selvia; Junaidi, Imam; Sari, Cindy Yulia Kartika
Research Horizon Vol. 5 No. 5 (2025): Research Horizon - October 2025
Publisher : LifeSciFi

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.54518/rh.5.5.2025.815

Abstract

Postharvest losses remain a critical issue for corn farmers in Sumenep Regency, particularly in Lenteng Timur Village, where traditional storage methods fail to maintain product quality. This study aimed to design and develop an Internet of Things (IoT)-based agricultural storage system powered by renewable energy to enhance product quality, extend shelf life, and reduce farmer losses. The research employed a Research and Development (R&D) approach adapted from the Borg and Gall model, limited to six stages: problem identification, planning, prototype development, preliminary testing, revision, and main field testing. The system integrates DHT22 and MQ-135 sensors with an ESP32 microcontroller and a 200–300 Wp solar photovoltaic system. Field trials demonstrated that the IoT monitoring application provided real-time temperature, humidity, and gas concentration data with <2% deviation. The solar energy system generated 0.8–1.0 kWh/day, sufficient for continuous operation. Corn stored for 30 days in the IoT system exhibited 2.8% weight loss and 13–14% moisture content, compared to 7.4% weight loss and 16–18% moisture in traditional storage. User evaluation indicated high acceptance, with 90% of farmers reporting easier monitoring and 80% finding the system easy to use. These results suggest that integrating IoT and renewable energy in storage systems can effectively reduce postharvest losses, maintain crop quality, and promote sustainable agricultural practices. Further refinements are needed to enhance user-friendliness and backup energy capacity for broader implementation.