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Pengaruh Current Ratio, Debt to Equity Ratio dan Total Asset Turnover Terhadap Return on Asset pada Perusahaan Sub Sektor Pulp & Paper yang Terdaftar di Bursa Efek Indonesia Periode 2016-2023 Rini Anggereni; Asnahwati Asnahwati
Jurnal Ilmu Manajemen METHONOMIX Vol 8 No 2 (2025): Jurnal Ilmu Manajemen METHONOMIX
Publisher : Universitas Methodist Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.46880/mtx.Vol8No2.pp90-100

Abstract

Penelitian ini bertujuan untuk menganalisis pengaruh Current Ratio (CR), Debt to Equity Ratio (DER), dan Total Asset Turnover (TATO) terhadap Return On Asset (ROA) pada perusahaan sub sektor Pulp & Paper yang terdaftar di Bursa Efek Indonesia periode 2016–2023. Penelitian ini menggunakan pendekatan kuantitatif dengan metode deskriptif asosiatif dan data sekunder dari laporan keuangan tahunan perusahaan. Populasi dari penelitian ini adalah seluruh perusahaan sub sektor Pulp&Paper yang terdaftar di Bursa Efek Indonesia berjumlah 9 perusahaan dan 4 perusahaan dijadikan sampel dengan teknik purposive sampling. Analisis data dilakukan dengan regresi linier berganda, uji t, dan uji f. Hasil penelitian menunjukkan bahwa secara parsial CR, DER, dan TATO tidak berpengaruh signifikan terhadap ROA. Namun secara simultan ketiga variabel tersebut berpengaruh signifikan terhadap ROA dengan nilai Fhitung 3,152 > Ftabel 2,947 dan signifikansi 0,040 < 0,05. Koefisien korelasi (R) sebesar 0,502 menunjukkan hubungan yang cukup erat antara variabel independen dengan variabel dependen, sedangkan Adjusted R² sebesar 0,172 menunjukkan bahwa 17,2% proporsi variasi ROA dijelaskan oleh CR, DER, dan TATO. Penelitian ini memberikan gambaran bahwa banyak faktor lain yang mempengaruhi Return On Asset yang belum teridentifikasi atau dimasukkan dalam model yang bisa ditambahkan oleh peneliti selanjutnya.
Peran Literasi Keuangan, Perencanaan Keuangan dan Gaya Hidup dalam Meningkatkan Pengelolaan Keuangan Karyawan SPBU Singapore Amelia Ananda; Asnahwati Asnahwati
Jurnal Ilmu Manajemen METHONOMIX Vol 8 No 2 (2025): Jurnal Ilmu Manajemen METHONOMIX
Publisher : Universitas Methodist Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.46880/mtx.Vol8No2.pp119-132

Abstract

This study aims to analyze the influence of financial literacy, financial planning, and lifestyle on the financial management of employees at the Singapore Station gas station. This study uses an associative quantitative approach. Primary data were obtained by questionnaire. The population of this study was all 50 employees of the Singapore Station Belawan gas station, all of whom were sampled using census techniques. Data analysis used multiple linear regression. Hypothesis testing consisted of t-test and f-test. The results showed that financial literacy partially influenced the financial management of employees at the Singapore Station gas station, while financial planning and lifestyle partially did not influence the financial management of employees at the Singapore Station gas station. However, simultaneously, financial literacy, financial planning, and lifestyle influenced the financial management of employees at the Singapore Station gas station. with a calculated f value of 712.733 > f table 2.81 at a significance level of 0.000 <0.05. The correlation coefficient (R) of 0.989 indicates a strong relationship between financial literacy, financial planning and lifestyle (independent variables) with financial management (dependent variable), while the Adjusted R² of 0.978 indicates that 97.8% of the proportion of financial management variations is explained by financial literacy, financial planning and lifestyle. This indicates that the regression model is very good at explaining the relationship between the independent and dependent variables with only 2.2% of the variation that cannot be explained by the model.
Faktor Keuangan Sebagai Penentu Nilai Perusahaan: Studi Empiris Pada Sektor Makanan dan Minuman di Bursa Efek Indonesia Ruwaida Ruwaida; Asnahwati Asnahwati
Jurnal Ilmu Manajemen METHONOMIX Vol 8 No 2 (2025): Jurnal Ilmu Manajemen METHONOMIX
Publisher : Universitas Methodist Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.46880/mtx.Vol8No2.pp133-154

Abstract

Persepsi investor terhadap kinerja keuangan suatu entitas bisa dicerminkan oleh harga saham Perusahaan tersebut. Tinnginya harga saham menunjukkan nilai Perusahaan yang tinggi. Semakin meningkat harga saham maka akan semakin meningkat juga tingkat kesejahteraan para pemegang saham. Namun perlu diketahui bahwa harga saham dapat berfluktuasi disebabkan oleh berbagai faktor. Hal ini terjadi juga pada saham perusahaan sub sektor makanan & minuman yang ada di Bursa Efek Indonesia (BEI) periode 2020-2024 yakni harga sahamnya berfluktuasi. Tujuan dari penelitian ini adalah untuk mengetahui pengaruh likuiditas, struktur modal, dan ukuran perusahaan terhadap nilai perusahaan sub sektor makanan & minuman yang ada di BEI tahun 2020-2024. Populasi dalam penelitian ini yaitu seluruh perusahaan sub sektor makanan dan minuman yang terdaftar di BEI tahun 2020-2024 yang berjumlah 49 perusahaan dan 8 perusahaan di antaranya dijadikan sampel dengan menggunakan teknik purposive sampling yakni menggunakan berbagai kriteria tertentu. Penelitian ini menggunakan jenis penelitian kuantitatif kausal (sebab dan akibat). Analisis data dilakukan dengan menggunakan metode regresi linear berganda yang diolah melalui perangkat lunak SPSS versi 25. Hasil penelitian menunjukkan bahwa secara parsial, likuiditas dan ukuran perusahaan berpengaruh signifikan terhadap nilai perusahaan. Namun sebaliknya struktur modal tidak berpengaruh signifikan terhadap nilai perusahaan. Selanjutnya secara simultan, likuiditas, struktur modal dan ukuran perusahaan berpengaruh signifikan terhadap nilai perusahaan sub sektor makanan & minuman yang terdaftar di BEI tahun 2020-2024. Hasil ini juga menyiratkan bahwa 9,9% variasi nilai perusahaan dipengaruhi oleh faktor-faktor lain di luar variabel yang diteliti (likuiditas, struktur modal, dan ukuran perusahaan) yang tidak dimasukkan dalam model ini. Oleh karena itu, disarankan agar penelitian selanjutnya dapat mengidentifikasi dan menambah variabel lain tersebut untuk menghasilkan model yang lebih komprehensif.
PENGARUH CASH RATIO, DEBT TO ASSET RATIO DAN RETURN ON ASSETS TERHADAP HARGA SAHAM PERUSAHAAN SEKTOR MAKANAN DAN MINUMAN YANG TERDAFTAR DI BEI TAHUN 2020–2024 Indri Syahputri Saragih; Asnahwati Asnahwati; M. Rizky Wijaya; Aisyah Azhar Adam
Journal Economic Management and Business Vol 5, No 1 (2026)
Publisher : Universitas Dharmawangsa

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.46576/jfeb.v5i1.8816

Abstract

Penelitian ini bertujuan untuk menganalisis pengaruh Cash Ratio, Debt to Asset Ratio (DAR), dan Return on Assets (ROA) terhadap Harga Saham pada perusahaan subsektor makanan dan minuman yang terdaftar di Bursa Efek Indonesia periode 2020–2024. Metode penelitian menggunakan analisis regresi linear berganda dengan uji t, uji F, dan koefisien determinasi. Hasil penelitian menunjukkan bahwa secara parsial Cash Ratio tidak berpengaruh signifikan terhadap Harga Saham dengan nilai signifikansi 0,758, DAR sebesar 0,091, dan ROA sebesar 0,939. Secara simultan, Cash Ratio, DAR, dan ROA juga tidak berpengaruh signifikan terhadap Harga Saham dengan nilai signifikansi 0,141 dan F hitung 1,935 < F tabel 2,87. Nilai koefisien determinasi sebesar 13,9% menunjukkan bahwa Harga Saham lebih dipengaruhi oleh faktor lain di luar penelitian, seperti kondisi ekonomi makro, suku bunga, inflasi, dan sentimen pasar.
Akselerasi UMKM Lokal: Strategi Digitalisasi Pemasaran dan Penguatan Branding di Kelurahan Pinang Mancung Bobby Hartanto; Rapat Piter Sony Hutauruk; Benhart Nainggolan; Christin Natalia Sianipar; Tina Herianty Masitah; Asnahwati Asnahwati; Benny Ardianto Sinaga; Sofia Purnama Simanjuntak; Ella Astri Dayanti
Community Service Progress Vol. 5 No. 1 (2026): Community Services Progress Edisi Juni 2026
Publisher : STIE Bina Karya

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.70021/csp.v5i1.335

Abstract

Pinang Mancung Village, Tebing Tinggi City, has significant agricultural potential, which supports the growth of various local Micro, Small, and Medium Enterprises (MSMEs) such as Roti Kacang Doa Ibu, Kerupuk Tempe AAY, and Keripik Singkong Aira. Despite having quality products, MSMEs face classic challenges in the form of a lack of understanding of modern marketing, financial management, and weak product branding. Many business actors do not even have a basic visual identity such as a banner or logo. This Community Service Program (KKN) aims to empower and develop the quality of MSMEs through two main strategies: strengthening physical branding and initiating digital marketing. The implementation method used is participatory mentoring, which includes MSME mapping surveys, socialization, and direct execution. The results of this community service activity are: (1) Provision of branding assets in the form of new banners for MSMEs Roti Kacang Doa Ibu and Kerupuk Tempe AAY, as well as the creation of a logo for MSME Dara Frozen Food; (2) Initiating digital marketing through the Facebook platform; (3) Creation of supporting facilities at the sub-district office, including a reflexology path, a Toga garden, and a "Cultivate the 7K" sign. This program has successfully increased the visibility and professional image of MSMEs and provided business owners with an initial understanding of the importance of online marketing.
Analisis Pengaruh Media Sosial Dalam Strategi Pemasaran Produk Usaha Mikro Kecil dan Menengah (UMKM) di Kota Tebing Tinggi Asnahwati Asnahwati; Benny Erickson Hamonangan Hutajulu; Tara Bunga Simanungkalit
Economic Development Progress Vol. 4 No. 2 (2025): Economic Development Progress Edisi Desember 2025
Publisher : Sekolah Tinggi Ilmu Ekonomi Bina karya

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.70021/edp.v4i2.280

Abstract

This study aims to analyze the influence of social media usage on the effectiveness of MSME marketing strategies in Tebing Tinggi City, as well as to identify the obstacles faced by business actors and the forms of support needed to ensure optimal and sustainable use of social media. The research approach used was a qualitative case study design. Data were collected through in-depth interviews, observation, and documentation of MSME actors who actively use social media. Data analysis was conducted using the Miles and Huberman model through the stages of data reduction, data presentation, and conclusion drawing, with data validity strengthened through source triangulation and member checking. The results show that social media has become a primary promotional tool for MSMEs due to its ease of use, low cost, and broad market reach. Consistent use of social media has been shown to increase the effectiveness of marketing strategies, particularly in strengthening brand identity, increasing visibility, expanding market segmentation, and building interactive relationships with consumers.
PENGARUH ENVIROMENTAL, SOCIAL, GOVERNANCE (ESG) TERHADAP NILAI PERUSAHAAN SEKTOR PERTAMBANGAN YANG TERDAFTAR DI BEI TAHUN 2019-2023 Mhd Nanda Prayoga; Asnahwati Asnahwati
JURNAL EKONOMI BISNIS DAN MANAJEMEN (EKO-BISMA) Vol 4 No 2 (2025): JURNAL EKONOMI BISNIS DAN MANAJEMEN (EKO-BISMA)
Publisher : PUBLISHER ABISATYA DINAMIKA ISWARA PUBLISHING

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.58268/eb.v4i2.218

Abstract

This study aims to analyze the effect of Environmental, Social, and Governance (ESG) disclosure on the firm value of mining sector companies listed on the Indonesia Stock Exchange (BEI) during the 2019–2023 period. The independent variables consist of environmental disclosure, social disclosure, and governance disclosure, while the dependent variable is firm value, proxied by the Price to Book Value (PBV). This research employs a quantitative approach using multiple linear regression analysis. Secondary data were obtained from annual reports and sustainability reports of 10 mining companies selected through purposive sampling. The results show that partially, environmental disclosure has no significant effect on firm value, social disclosure has a positive but insignificant effect, while governance disclosure has a positive and significant effect on firm value. Simultaneously, the three ESG variables have a significant effect on firm value. These findings highlight the importance of good corporate governance practices as a key factor in enhancing investor confidence and firm value, while environmental and social disclosures need quality improvement to provide greater impact. This study is expected to serve as a reference for company management, investors, and academics in decision-making related to ESG implementation to enhance firm value.
ANALISIS RASIO KEUANGAN DALAM MENILAI KINERJA KEUANGAN PERUSAHAAN PT INDUSTRI JAMU DAN FARMASI SIDOMUNCUL TBK Rizqa Ananda; Asnahwati Asnahwati
JURNAL EKONOMI BISNIS DAN MANAJEMEN (EKO-BISMA) Vol 4 No 2 (2025): JURNAL EKONOMI BISNIS DAN MANAJEMEN (EKO-BISMA)
Publisher : PUBLISHER ABISATYA DINAMIKA ISWARA PUBLISHING

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.58268/eb.v4i2.219

Abstract

This study aims to analyze the financial performance of PT. Industri Jamu dan Farmasi Sidomuncul Tbk for the period 2017–2024 using financial ratio analysis, including profitability, liquidity, and solvency ratios. The analysis was conducted to assess the company’s ability to generate profits, meet short-term obligations, and maintain a sound capital structure amid competition in Indonesia’s herbal and pharmaceutical industry. The research method employed is descriptive quantitative, using secondary data obtained from the company’s annual financial statements. The analysis focused on Net Profit Margin (NPM), Return on Equity (ROE), Return on Investment (ROI), Current Ratio, Quick Ratio, Cash Ratio, Total Debt to Asset Ratio (DAR), and Total Debt to Equity Ratio (DER), which were then compared to industry standards as benchmarks. The results indicate that the average NPM of 26.92% is above the industry standard (20%), reflecting good profitability performance. However, ROE and ROI, at 28.2% and 24.52% respectively, remain below the industry standards (40% and 30%), highlighting the need to improve capital and asset utilization. In terms of liquidity, the Current Ratio of 473.6%, Quick Ratio of 383.8%, and Cash Ratio of 225.62% demonstrate very strong liquidity compared to industry benchmarks. Meanwhile, solvency ratios show a healthy condition, with an average DAR of 13.0% and DER of 15.0%, both far below industry thresholds. Overall, PT. Industri Jamu dan Farmasi Sidomuncul Tbk exhibits strong financial performance in terms of liquidity and solvency, although the effectiveness of capital and asset management in generating profits still requires optimization to achieve a more balanced performance.
Penilaian Fundamental dalam Pengambilan Keputusan Investasi pada Saham Pertambangan Batubara di Indonesia: Studi Komparatif pada Saham BUMI dan DEWA Asnahwati Asnahwati; Maretta Selvana Siburian; Jeli Nata Liyas; Khansa Khalisah
Jurnal Ilmiah METHONOMI Vol. 12 No. 1 (2026): Jurnal Ilmiah METHONOMI
Publisher : Universitas Methodist Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.46880/methonomi.Vol12No1.pp63-74

Abstract

This study aims to analyze and compare the Price-to-Earnings Ratio (PER) and Price-to-Book Value (PBV) of PT Bumi Resources Tbk (BUMI) and PT Darma Henwa Tbk (DEWA) stocks to inform investment decision-making. A quantitative approach utilizing a comparative method was employed. The study population consisted of all market ratio data (PBV and PER) contained in the published financial statements of PT Bumi Resources Tbk (BUMI) and PT Darma Henwa Tbk (DEWA). The sample comprised PBV and PER data from the 2020–2024 period, selected via purposive sampling based on the criterion of data completeness throughout the observation period. Secondary data—specifically financial statements and stock prices from 2020 to 2024—were used. Data analysis techniques included descriptive analysis, normality testing, and difference testing using either the independent sample t-test or the Mann-Whitney U test. The results indicate a significant difference in PER between BUMI and DEWA stocks; BUMI exhibited a lower and relatively more stable PER. Conversely, no significant difference was found regarding PBV, with both stocks tending to be undervalued. These findings suggest that PER is more relevant than PBV for investment decision-making. The study implies that BUMI stock is better suited for a value investing strategy, whereas DEWA is more appropriate for a speculative strategy.
PENGARUH KEBIJAKAN DIVIDEN, KEPUTUSAN INVESTASI, DAN STRUKTUR MODAL TERHADAP HARGA SAHAM PERBANKAN TAHUN 2020-2024 Widiana Syafitri; Asnahwati Asnahwati
JOURNAL OF SCIENCE AND SOCIAL RESEARCH Vol. 8 No. 4 (2025): November 2025
Publisher : Smart Education

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.54314/jssr.v8i4.4887

Abstract

Abstract: This research is motivated by the decline in stock prices in the banking sub-sector period 2020-2024. The purpose of this study is to determine the effect of dividend policy, investment decisions, and capital structure on stock prices, both partially and simultaneously. The method used is quantitative research with an associative approach. The research population consists of 47 banking sector companies listed on the Indonesia Stock Exchange (IDX), with a sample of 8 companies selected using purposive sampling based on specific criteria. The observation period covers five years, from 2020 to 2024. Data analysis is conducted using multiple linear regression with classical assumption tests, hypothesis testing, and the coefficient of determination test, assisted by SPSS 25.0 software. The results of the study indicate that dividend policy, investment decisions, and capital structure do not have a significant effect on stock prices, either partially or simultaneously. Keyword: Dividend Policy, Investment Decisions, Capital Structure, and Stock Price. Abstrak: Penelitian ini dilatarbelakangi oleh penurunan harga saham sub sektor Perbankan periode 2020-2024. Tujuan penelitian ini adalah untuk mengetahui pengaruh kebijakan dividen, keputusan investasi, dan struktur modal terhadap harga saham, baik secara parsial maupun simultan. Metode yang digunakan adalah penelitian kuantitatif dengan pendekatan asosiatif. Populasi penelitian mencakup 47 perusahaan sektor perbankan yang terdaftar di Bursa Efek Indonesia (BEI), dengan sampel sebanyak 8 perusahaan yang dipilih melalui teknik purposive sampling berdasarkan kriteria tertentu. Pengamatan dilakukan selama lima tahun, yaitu dari 2020 hingga 2024. Analisis data menggunakan regresi linier berganda dengan uji asumsi klasik, uji hipotesis, serta uji koefisien determinasi melalui bantuan perangkat lunak SPSS 25.0. Hasil penelitian menunjukkan bahwa kebijakan dividen, keputusan investasi, dan struktur modal tidak berpengaruh signifikan terhadap harga saham baik secara parsial maupun simultan.. Kata kunci: Kebijakan Dividen, Keputusan Investasi, Struktur Modal dan Harga Saham.