Abstract:Cooperatives are membership-based economic entities that play a vital role in driving the growth of the microeconomic sector and improving member welfare through the principles of economic democracy. The sustainability of…
f cooperative performance heavily depends on effective financial management, particularly in maximizing the utilization of cash, receivables, and assets to enhance profitability. This study aims to examine the influence of cash turnover, receivables turnover, and total asset turnover on the profitability of cooperatives, as measured by Return on Assets (ROA) as a financial performance indicator. The research employs a quantitative approach using multiple linear regression analysis, based on secondary data from cooperative financial statements covering the period from 2019 to 2024. The analysis results show that both simultaneously and partially, the three independent variables have a positive and significant effect on profitability. Cash turnover and total asset turnover are the primary determinants in improving ROA, reflecting the importance of efficiency in managing liquidity and productive assets. Meanwhile, although receivables turnover is also significant, it requires strict supervision in the implementation of credit policies to avoid an increase in non-performing receivables. These findings contribute empirical evidence to the literature on cooperative financial management and offer practical implications for cooperative managers in designing financial resource management strategies aimed at improving performance and business sustainability. Therefore, optimizing the management of cash, receivables, and assets should be a strategic priority within cooperative financial systems to withstand increasingly complex and competitive economic dynamics.
Abstract:The rapid development of globalization compels companies to enhance the quality of their products and services to compete in the market. The primary goal of companies is to maximize corporate value, which reflects the well-being…
ll-being of shareholders and attracts investors’ interest. Corporate value is often gauged by the stock price in the capital market, making it crucial for companies to plan sound financial strategies. This research focuses on the banking sector listed on the Indonesia Stock Exchange (IDX) from 2021 to 2023, evaluating the influence of investment policy, dividend policy, and profitability on corporate value. The study employs a descriptive quantitative method using secondary data from the companies’ financial reports. Multiple linear regression analysis is used to assess the relationships between these variables. The results indicate that investment policy and profitability have a positive but not significant effect on corporate value, while dividend policy has a significant positive impact. Corporate value is also affected by stock price fluctuations, which are often inconsistent. These findings affirm that dividend policy is a crucial factor in enhancing corporate value, while investment policy and profitability, although important, do not have a significant impact within the study period. Overall, these independent variables collectively have a significant influence on corporate value in the banking sector on the IDX. This research provides insights for company management in formulating effective strategies to increase corporate value.
Abstract:This research was conducted in the Food and Beverage sector companies listed on the Indonesia Stock Exchange during the period 2017-2021 with the title "Analysis of Activity, Liquidity, and Solvency on Profitability in Food…
ood and Beverage Companies Listed on the Indonesia Stock Exchange (IDX) Period 2017-2021." The data used in this study is quantitative data from secondary sources. The sample was selected using purposive sampling based on specific criteria, with 27 companies selected as samples, making a total of 135 companies studied from the period 2017-2021. The research technique used was multiple linear regression analysis.Partially, the findings of this research state that: 1) Activity has a positive and significant effect on profitability, indicated by a significant value of 0.052 ≤ 0.05 and a t-value of 1.963 > 1.65648. 2) Liquidity has a positive and significant effect on profitability, with a significant value of 0.044 ≤ 0.05 and a t-value of 2.038 > 1.65648. 3) Solvency has a positive and significant effect on profitability, with a significant value of 0.000 ≤ 0.05 and a t-value of 18.944 > 1.65648. 4) Simultaneously, activity, liquidity, and solvency have a positive and significant effect on profitability, as indicated by a significant value of 0.000 < 0.05 and an F-value of 147.949 > 3.07. The determination test shows that 76.7% of the variations in activity, liquidity, and solvency affect profitability, while 23.3% (100% - 76.7%) is influenced by other factors beyond the independent variables studied in food and beverage companies listed on the IDX from 2017 to 2021.
Abstract:This research purpose to determine the financial performance of PT Indofood Sukses Makmur, Tbk in 2018-2022 period using financial ratio analysis. The basis for assessing and achieving a company is through financial analysis…
ysis so that the company can control its financial condition and create a company framework. In assessing the job prospects of a company in the past and future and assessing the achievements of a company, financial ratio analysis is used which includes liquidity ratios (current ratio), solvency ratios (debt to asset ratio), activity ratios (total asset turnover), profitability ratio (return on equity) and market ratio (earnings per share). This research is descriptive research which is studied quantitatively. The population of the research is all financial reports of PT. Indofood Sukses Makmur, Tbk is listed on the IDX in 2018-2022 period. The sample for this research is the financial position report and comprehensive income statement in 2018-2022 period. Data collection was carried out using documentation techniques. The results of this research found that the overall financial performance of PT. Indofood Sukses Makmur, Tbk in 2018-2022 period based on analysis of liquidity ratios and solvency ratios is in fairly good condition. Meanwhile, profitability ratios and market ratios are in good condition. However, regarding the activity ratio, the condition of PT. Indofood Sukses Makmur, Tbk is still not efficient so it can be said to be not good. This is due to an increase in sales and total assets during the 2018-2022 period. Based on the results of calculations and analysis of financial ratios, it can be concluded that the financial performance of PT. Indofood Sukses Makmur, Tbk in 2018-2022 period experiences growth in various aspects and profitability can increase, making the company profitable.
Abstract:Abstract: Semangat Store, a rapidly growing retail store in Kisaran, faces challenges in inventory management due to its manual system. Ordering is done by contacting suppliers individually, and sales data is recorded conventionally…
nventionally in a general ledger. As a result, the store often experiences overstock, which increases storage costs and the risk of damaged goods, or stockouts that can disappoint customers. To address these issues, this study aims to implement an integrated, web-based Supply Chain Management (SCM) system. This system is designed to accurately record inventory, manage demand, place orders in a timely manner, and support fast, data-driven decision-making. The system was built using the PHP programming language and a MySQL database. The implementation results show that the proposed SCM system is able to improve operational efficiency and inventory management accuracy at Semangat Store. Store owners can monitor sales and order reports directly, and the system provides notifications when inventory reaches the minimum limit. Thus, Semangat Store can reduce the risk of overstocking or understocking, increase profitability, and simplify the restocking process with suppliers through a more structured system.
Keywords: supply chain management (scm); stock management; information systems; semangat store
Abstrak: Toko Semangat, sebuah toko ritel yang berkembang pesat di Kisaran, menghadapi tantangan dalam pengelolaan stok barang karena masih menggunakan sistem manual. Proses pemesanan barang dilakukan dengan menghubungi pemasok satu per satu, dan pencatatan data penjualan masih dilakukan secara konvensional di buku besar. Akibatnya, toko sering mengalami kelebihan stok (over stock) yang meningkatkan biaya penyimpanan dan risiko kerusakan barang, atau kekurangan stok yang dapat mengecewakan pelanggan. Untuk mengatasi masalah ini, penelitian ini bertujuan untuk mengimplementasikan sistem Supply Chain Management (SCM) yang terintegrasi dan berbasis web. Sistem ini dirancang untuk mencatat stok barang secara akurat, mengelola permintaan, melakukan pemesanan secara tepat waktu, serta mendukung pengambilan keputusan yang cepat dan berbasis data. Sistem ini dibangun menggunakan bahasa pemrograman PHP dan database MySQL. Hasil dari implementasi menunjukkan bahwa sistem SCM yang diusulkan mampu meningkatkan efisiensi operasional dan akurasi pengelolaan stok barang di Toko Semangat. Pemilik toko dapat memantau laporan penjualan dan pemesanan secara langsung, dan sistem memberikan notifikasi jika stok barang mencapai batas minimum. Dengan demikian, Toko Semangat dapat mengurangi risiko kelebihan atau kekurangan stok, meningkatkan profitabilitas, dan mempermudah proses restock dengan pemasok melalui sistem yang lebih terstruktur.
Kata kunci: supply chain management (scm); pengelolaan stok; sistem informasi; toko semangat
Abstract:Abstract: Gallery Parfume Shop is a business engaged in cosmetics located on Jalan Merdeka, Simpang Empat, Kec. Tanjung Tiram, Kab. Batu Bara, North Sumatra. In the procedures and management of sales management at Gallery…
y Parfume is still done manually, the reports are still recorded in notes the impact of this is that Gallery Parfume has difficulty in evaluating their sales performance, identifying market trends, and planning effective sales strategies and also difficulty building loyalty. Therefore, a system is needed, by implementing E-CRM at Gallery Parfume can get new customers, improve customer relationships, and retain customers, which will ultimately create customer loyalty and to measure the increase in profitability resulting from the use of E-CRM into a web-based application so that it will later facilitate increasing sales, customer loyalty, and saving operational costs. The method used to collect and analyze this research data is a qualitative method. It is expected that through this web application it can also build a database to make it easier for Gallery Parfume to search for data and reports.
Keywords: consumers; e-crm; stores
Abstrak: Toko Gallery Parfume merupakan usaha yang bergerak dibidang kosmetik yang berada dijalan Merdeka, Simpang Empat, Kec. Tanjung Tiram, Kab. Batu Bara, Sumatera Utara. Dalam prosedur dan manajemen pengelolaan penjualan di Gallery Parfume masih dilakukan secara manual, laporan nya masih tercatat di notes dampak dari hal tersebut gallery Parfume kesulitan dalam mengevaluasi kinerja penjualan mereka, mengidentifikasi tren pasar, dan merencanakan strategi penjualan yang efektif juga kesulitan membangun loyalitas. Maka dengan hal itu diperlukan sebuah sistem, dengan menerapkan E-CRM di Gallery Parfume dapat memperoleh pelanggan baru, meningkatkan hubungan dengan pelanggan, dan mempertahankan pelanggan, yang pada akhirnya akan terciptanya loyalitas pelanggan dan untuk mengukur peningkatan profitabilitas yang dihasilkan dari penggunaan E-CRM kedalam bentuk aplikasi berbasis web agar nantinya memudahkan dalam peningkatan penjualan, loyalitas pelanggan, dan penghematan biaya operasional. Metode yang digunakan untuk mengumpulkan dan menganalisis data penelitian ini dengan metode kualitatif. Diharapankan melalui aplikasi web ini juga dapat membangun database guna memudahkan Gallery Parfume dalam mencari data dan laporan.
Kata Kunci: e-crm; konsumen; toko
Abstract:Tax avoidance represents a strategic maneuver by taxpayers to minimize their tax burden by capitalizing on the intricacies of tax legislation. This complex phenomenon encompasses a range of tactics, including leveraging…
exemptions, deductions, tax incentives, non-taxable income, deferring tax liabilities, and, regrettably, engaging in unethical practices such as bribery and forgery. This study seeks to unravel the intricate relationships between profitability, solvency, capital intensity, and company size regarding tax avoidance within the manufacturing sector, specifically targeting food and beverage firms listed on the Indonesia Stock Exchange from 2017 to 2022. Employing the Cash Effective Tax Rate (CETR) as a proxy for tax avoidance, we meticulously selected a sample of 70 companies through purposive sampling based on rigorous criteria. Our analysis, conducted via multiple linear regression using SPSS 25, reveals compelling insights: profitability, solvency, and capital intensity significantly bolster tax avoidance strategies, while larger company size appears to dampen these efforts. Collectively, these factors create a multifaceted influence on tax avoidance behaviors, highlighting the intricate dynamics at play within the corporate landscape.
Abstract:This study aims to investigate the dynamics of tax avoidance in energy sector companies listed on the Indonesia Stock Exchange during the 2018 to 2022 period, with a focus on the influence of profitability, company size,…
earnings management, and sales growth. Using a quantitative method, hypothesis testing was conducted based on secondary data collected from the financial statements of energy companies. Through a purposive sampling approach, the analysis included 20 companies, resulting in a dataset consisting of 73 observations. The analysis revealed several interesting findings: profitability did not show a significant effect on tax avoidance, while company size was found to have a significantly positive impact. Meanwhile, earnings management did not significantly contribute to tax avoidance, and sales growth demonstrated a significantly negative relationship with tax avoidance. These findings enrich the understanding of the factors influencing tax strategies in Indonesia's energy
Abstract:This study investigates the impact of liquidity, solvency, and working capital turnover on profitability among manufacturing companies in the consumer goods sector for the 2019-2022 period. The research utilized a sample…
of 50 companies based on financial reports from IDX. Using purposive sampling with specific criteria, the final sample included 108 companies. The data was analyzed using multiple linear regression, processed with SPSS 25, following classic assumption tests for normality, multicollinearity, autocorrelation, and heteroscedasticity. The analysis reveals that liquidity and working capital turnover do not significantly affect profitability, while solvency significantly impacts profitability. Overall, liquidity, solvency, and working capital turnover together significantly affect profitability.
Abstract:This study investigates how capital structure and profitability influence the value of PT Astra Agro Lestari Tbk. It employs a quantitative approach using numerical data, specifically analyzing the company's financial reports…
ports from 2012 to 2021. The findings indicate that capital structure significantly affects the company's value, with a T-test result showing a calculated value of 5.686, which exceeds the t-table value of 1.89458, and a significance level of 0.031 (less than 0.05). Profitability also has a significant impact, with a calculated value of 5.686 surpassing the t-table value of 1.89458 and a significance level of 0.001 (less than 0.05). This suggests that both capital structure and profitability individually affect the company's value. Additionally, when considered together, capital structure and profitability have a combined significant impact on firm value, with a significance level of 0.002 (less than 0.05) and a calculated F-value of 17.413, which is greater than the F-table value of 4.74. This confirms that both factors together significantly influence the company's value