Abstract:Penelitian ini bertujuan untuk menganalisis pengaruh Current Ratio (CR) dan Total Asset Turnover (TATO) terhadap Return on Asset (ROA) secara parsial maupun simultan pada perusahaan sub sektor tekstil dan garmen yang terdaftar…
daftar di Bursa Efek Indonesia (BEI) periode 2020–2024. Kesenjangan penelitian (gap) yang mendasari kajian ini adalah belum konsistennya hasil penelitian terdahulu mengenai hubungan antara likuiditas, efisiensi penggunaan aset, dan profitabilitas, serta masih terbatasnya penelitian yang berfokus pada subsektor tekstil dan garmen. Penelitian ini menggunakan pendekatan kuantitatif deskriptif dengan data sekunder berupa laporan keuangan enam perusahaan sampel yang dipilih melalui purposive sampling, sehingga diperoleh 30 data observasi. Data dianalisis menggunakan regresi linear berganda, uji asumsi klasik, uji t, uji F, dan uji koefisien determinasi dengan bantuan SPSS 25. Hasil penelitian menunjukkan bahwa Current Ratio tidak berpengaruh signifikan terhadap Return on Asset, sedangkan Total Asset Turnover berpengaruh positif dan signifikan terhadap Return on Asset. Secara simultan, Current Ratio dan Total Asset Turnover berpengaruh signifikan terhadap Return on Asset dengan kontribusi sebesar 32,2%. Temuan ini menunjukkan bahwa efisiensi penggunaan aset memiliki peran yang lebih menentukan dibandingkan likuiditas jangka pendek dalam menentukan profitabilitas perusahaan tekstil dan garmen..
Abstract:Companies listed in the Jakarta Islamic Index 70 (JII70) provide a unique research context because they operate within an Islamic capital market framework that applies sharia screening criteria and financial requirements.…
. Despite being guided by the same sharia principles and regulatory environment, JII70 companies still show variations in financial performance. Although previous research has examined the factors that affect financial performance, empirical evidence regarding the influence of efficiency, market ratios, liquidity, and leverage still shows inconsistent results, particularly in companies that comply with sharia principles. Therefore, this study aims to analyze the influence of efficiency, market ratio, liquidity, and leverage on the financial performance of companies listed on JII70 by using Return on Assets (ROA) as a performance indicator. This study uses a quantitative approach by utilizing secondary data obtained from the annual reports of 57 non-financial companies during the period 2021–2025, resulting in 285 company-year observations. Panel data regression analysis was performed using the Fixed Effects model with Driscoll–Kraay error standard to overcome the problems of heteroscedasticity and autocorrelation. The results show that efficiency measured by Total Asset Turnover (TATO) and market ratio measured by Price-to-Book Value (PBV) have a positive and significant effect on financial performance. Meanwhile, liquidity measured by Current Ratio (CR) and leverage measured by Debt-to-Asset Ratio (DAR) have a positive but not statistically significant effect on financial performance. The findings of this study support the Signaling Theory by showing that efficiency and market ratio provide stronger signals regarding company quality and financial performance in the context of the Islamic capital market in Indonesia. These findings provide practical implications for managers in improving company performance as well as for investors in making more informed investment decisions
Abstract:This study aims to examine the effect of intellectual capital on the financial performance of banking companies listed on the Indonesia Stock Exchange (IDX) during the 2022–2024 period. Intellectual capital is measured using…
using the Value Added Intellectual Coefficient (VAIC) model, which consists of Value Added Capital Employed (VACA), Value Added Human Capital (VAHU), and Structural Capital Value Added (STVA), while financial performance is proxied by Return on Assets (ROA). This study employs a quantitative approach using secondary data obtained from the annual reports and financial statements of 40 banking companies, resulting in 120 observations. Panel data regression analysis is used, with the Fixed Effect Model (FEM) selected based on the results of the Chow test and Hausman test. The results indicate that VACA has no significant effect on ROA, whereas VAHU and STVA have a positive and significant effect on ROA. In addition, VACA, VAHU, and STVA simultaneously affect financial performance. These findings suggest that human capital and structural capital efficiency are more closely associated with financial performance than capital employed efficiency. The study provides empirical evidence regarding the role of intellectual capital in supporting the financial performance of banking companies
Abstract:Muaro Sentajo possesses the potential to be developed as a production hub for native orchid species due to its location within the natural habitat of orchid species in Kuantan Singingi Regency, directly bordering the Sentajo…
tajo Raya protected forest. Furthermore, the village has an underutilized female labor potential, organized within the Family Welfare Movement (Pemberdayaan dan Kesejahteraan Keluarga / PKK) as the foundational collective for rural women in Muaro Sentajo. This initiative aims to provide knowledge on native orchid species, cultivation techniques, integrated systems with stingless bees (kelulut), and digital marketing. The program implemented a Participatory Action Research (PAR) approach, consisting of asset mapping, practical cultivation workshops, e-commerce platform development, and four months of intensive mentoring. This empowerment program successfully established an active orchid breeding group managing more than 15 native orchid species. Additionally, 83.66% of the participants demonstrated proficiency in operating digital marketing channels (Instagram and Shopee), resulting in the first independent commercial sales of local orchid products. The integration of local ecological assets with modern digital marketing proved effective in enhancing the economic independence of rural women and promoting sustainable community development.
Abstract:Keterbatasan pemanfaatan lahan pekarangan di Desa Kubu I yang didominasi kawasan kelapa sawit mendorong dilaksanakannya program pengabdian masyarakat berbasis Tanaman Obat Keluarga (TOGA). Program ini bertujuan mengoptimalkan…
alkan potensi pekarangan produktif sebagai sarana edukasi kesehatan dan pemenuhan kebutuhan obat tradisional keluarga. Metode pelaksanaan menerapkan pendekatan Asset-Based Community Development (ABCD) melalui survei potensi, konsolidasi bibit warga secara swadaya, gotong royong pembersihan lahan, hingga sosialisasi interaktif berbasis experiential learning di SDN 004 Desa Kubu I. Hasil kegiatan menunjukkan keberhasilan pembangunan Taman Apotek Hidup Percontohan sebagai laboratorium hidup yang dimanfaatkan sebagai media pembelajaran dan praktik langsung. Keberadaan kebun contoh ini terbukti meningkatkan pengetahuan siswa dan warga sekolah mengenai pemanfaatan tanaman herbal, sekaligus memicu antusiasme masyarakat untuk mereplikasi gerakan penanaman TOGA di pekarangan rumah masing-masing. Kesimpulannya, sinergi partisipatif ini secara efektif mewujudkan kemandirian kesehatan berbasis kearifan lokal serta mendukung pencapaian Sustainable Development Goals (SDGs) 3, 15, dan 17 secara berkelanjutan.
Abstract:Masjid tidak hanya berfungsi sebagai tempat ibadah, tetapi juga sebagai pusat pembinaan sosial, pendidikan, dan pemberdayaan masyarakat. Pengabdian masyarakat melalui Kuliah Kerja Nyata (KKN) di Masjid Al-Masyithoh yang…
berlokasi di Gang Rambutan IV No. 69, Kelurahan Lingkar Timur, Kecamatan Singaran Pati, Kota Bengkulu bertujuan mengoptimalkan fungsi masjid sebagai pusat pembelajaran keagamaan dan pemberdayaan masyarakat. Program dilaksanakan selama 40 hari, mulai 6 Mei hingga 16 Juni 2026 dengan menggunakan pendekatan Asset Based Community Development (ABCD) melalui tahapan Discovery, Dream, Design, dan Destiny. Program yang dilaksanakan meliputi pembelajaran Al-Qur'an dan Iqra', pelatihan adzan, pengajaran doa harian, adzan rutin, kebersihan masjid, pemberdayaan remaja masjid melalui kegiatan olahraga badminton, kajian subuh, aktivasi media sosial masjid, kegiatan nonton Bersama, dan diskusi anti-bullying, serta kepanitiaan pelaksanaan qurban. Hasil kegiatan menunjukkan peningkatan partisipasi anak-anak dan remaja dalam kegiatan keagamaan, meningkatnya kesadaran masyarakat terhadap fungsi sosial masjid, serta terbentuknya media dakwah digital yang mendukung penyebaran informasi keagamaan. Program ini memberikan dampak positif terhadap penguatan pendidikan Islam, pembentukan karakter generasi muda, dan peningkatan keterlibatan masyarakat dalam memakmurkan masjid. Dengan demikian, optimalisasi fungsi Masjid Al-Masyithoh melalui program KKN berhasil memperkuat peran masjid sebagai pusat pemberdayaan masyarakat berbasis keagamaan.
Abstract:This study aims to examine the effect of profitability, liquidity, and leverage on tax aggressiveness in health sector companies listed on the Indonesia Stock Exchange (IDX) for the period 2022–2025. Tax aggressiveness is…
is measured using the GAAP Effective Tax Rate (GAAP ETR), while profitability is proxied by Return on Assets (ROA), liquidity by the Current Ratio (CR), and leverage by the Debt to Equity Ratio (DER). A quantitative research method with descriptive and verificative approaches is employed. The population consists of 38 health sector companies, from which 11 companies are selected as samples through purposive sampling, yielding 44 firm-year observations. Data analysis is performed using panel data regression with the Fixed Effect Model (FEM) estimated through EViews 12. The results show that: (1) profitability does not significantly affect tax aggressiveness (prob. = 0.1023 > 0.05); (2) liquidity does not significantly affect tax aggressiveness (prob. = 0.4822 > 0.05); (3) leverage significantly affects tax aggressiveness (prob. = 0.0424 < 0.05); and (4) profitability, liquidity, and leverage simultaneously affect tax aggressiveness (prob. F-statistic = 0.0006 < 0.05), with an Adjusted R-squared of 0.48 or 48%. These findings suggest that debt financing structure plays a critical role in corporate tax planning decisions within the Indonesian health sector.
Abstract:This study aims to analyze the effect of Initial Public Offering (IPO) on Return on Assets (ROA) by considering Firm Size, Liquidity, Leverage, and Tangibility in companies listed on the Indonesia Stock Exchange (IDX). The…
he study adopts a quantitative explanatory research design using secondary data obtained from audited annual financial statements of companies that conducted IPOs during the observation period. The sample was selected using purposive sampling, while panel data were analyzed using the Fixed Effect Model (FEM) to examine the relationships among the variables. The findings indicate that IPO has a positive but insignificant effect on ROA, suggesting that additional capital raised through public offerings does not immediately improve corporate profitability. Firm Size and Leverage exhibit significant negative effects on ROA, indicating that larger firms may experience operational inefficiencies, while excessive debt increases financial burdens and reduces profitability. Conversely, Liquidity and Tangibility show positive but insignificant effects on ROA. Simultaneously, IPO, Firm Size, Liquidity, Leverage, and Tangibility significantly influence ROA, with the model explaining 59.11% of the variation in profitability. These findings imply that post-IPO financial performance depends not only on capital acquisition but also on effective asset utilization, prudent debt management, and efficient operational strategies. The study contributes to the literature on post-IPO corporate performance and provides practical insights for managers and investors in evaluating financial performance after public offerings
Abstract:This study aims to analyze the influence of Environmental (E), Social (S), and Governance (G) on corporate financial performance as measured by Return on Assets (ROA) and Return on Invested Capital (ROIC) in companies listed…
sted on the LQ45 index of the Indonesia Stock Exchange for the 2023-2025 period, with Company Size (SIZE) as a control variable. The study uses a quantitative method with secondary data obtained from annual reports and corporate sustainability reports. The sample was determined using a purposive sampling technique, resulting in 45 observations included in the LQ45 for the 2023-2025 period. Data analysis was performed using panel data regression with the help of EViews 13 software. The results show that Environmental has a positive and significant effect on ROA and ROIC, while Governance also has a positive and significant effect on both indicators. Conversely, Social does not have a significant effect on ROA or ROIC. The coefficient of determination value indicates that the model is able to explain variations in ROA by 29.7% and ROIC by 32.3%. These findings indicate that environmental practices and corporate governance play an important role in improving financial performance, while the implementation of social aspects has not had a significant impact during the study period.
Abstract:This study aims to analyze the compliance of regional fixed asset management at the Regional Finance and Asset Agency of South Sulawesi Province with the provisions of Minister of Home Affairs Regulation No. 19 of 2016,…
with a focus on motorized two-wheeled vehicles. The research method used is qualitative descriptive, with data collection techniques involving interviews and documentation. The data used consists of primary data from the interviews as well as secondary data in the form of asset management documents and related reports. The results of the study indicate that asset management has generally been carried out in accordance with applicable regulations and covers all stages of management. However, there are still challenges regarding supervision, reporting, and asset user compliance, as well as relatively complex administrative procedures. Therefore, it is necessary to optimize controls and streamline procedures to improve accountability in asset management