scholarly journals Liquidity of enterprises and entrepreneurs of the Sector I: Accommodation and Food Services in the Republic of Serbia

2021 ◽  
pp. 5-14
Author(s):  
Marko Milašinović ◽  
Snežana Knežević ◽  
Aleksandra Mitrović
Keyword(s):  
Financial Statements ◽  
Food Services ◽  
Working Capital ◽  
Current Ratio ◽  
The Republic ◽  
Summary Data

The aim of this paper is to determine the level and movement of liquidity of enterprises and entrepreneurs of Sector I-Accommodation and Food Services in the Republic of Serbia in the period from 2013 to 2020. For the purposes of the research, summary data on the operations of enterprises and entrepreneurs operating within the observed sector were used, which are compiled and published by the Business Registers Agency in the form of the Financial Statements Annual Bulletin. In this paper, liquidity is measured by the current ratio, the quick ratio, the cash ratio and the net working capital. It was found that, with the fluctuations present during the observed period, both enterprises and entrepreneurs are characterized by a low value of liquidity indicators, ie the values of these indicators are below the limit. Also, the research shows that the value of the used liquidity indicators is, to a large extent, at a slightly higher level among entrepreneurs compared to enterprises.

scholarly journals ANALISIS PENGARUH EFISIENSI MODAL KERJA, LIKUIDITAS DAN SOLVABILITAS TERHADAP PROFITABILITAS PADA PERUSAHAAN INDUSTRI BARANG KONSUMSI YANG TERDAFTAR DI BURSA EFEK INDONESIA (BEI) PERIODE 2011 -2014

2016 ◽  
Vol 1 (1) ◽  
Author(s):  
Erwin Dyah A. ◽  
Umi Kholifah
Keyword(s):  
Consumer Goods ◽  
Return On Investment ◽  
Stock Exchange ◽  
Financial Statements ◽  
Working Capital ◽  
Current Ratio ◽  
Significance Level ◽  
Equity Ratio ◽  
Capital Efficiency ◽  
Level Of Significance

Research on the influence of the efficiency of working capital, liquidity and solvency to profitability on industrial consumer goods intends to analyze effect to working capital efficiency, liquidity and solvency to profitability on industrial consumer goods. The research data acquired of financial statements (secondary) and processed using SPSS 22.0 program. Objects of this research were industrial consumer goods companies listed on the Indonesian Stock Exchange (ISE) in the period 2011 to 2014 with sample of as many as 16 companies. The results of research to point out that : (1) Partially only variable working capital turnover (WCT) and the current ratio (CR) which has a significant influence on the return on investment (ROI) while the variable debt to equity ratio (DER) was not proven significant effect on return on investment (ROI), it is confirmed from the results of t-test showed significance level obtained from variable working capital turnover (WCT) and the current ratio (CR) is smaller than the standard used is 0% and 3,3% from 5% whereas the level of significance of variable debt to equity ratio (DER) is greater than the standard used is 23,7% of 5%. (2) simultaneously, working capital turnover (WCT), current ratio (CR) and debt to equity ratio (DER) on return on investment (ROI) have a positive and significant effect on return on investment (ROI), which is evident from the results of the f-test showed significance level obtained is smaller than the standard used is 0% from 5%. (3) Variable working capital turnover (WCT) has a dominant influence on the return on investment (ROI) with a correlation obtained by 25,71%.Keywords : working capital efficiency (WCT), liquidity (CR), solvency (DER), profitability (ROI), industrial consumer goods companies.

scholarly journals Modelling of growth factors of coffee processing companies

2021 ◽  
Vol 68 (2) ◽  
pp. 435-448
Author(s):  
Daniela Nuševa ◽  
Stojanka Dakić ◽  
Dejan Jakšić ◽  
Kristina Mijić ◽  
Dušan Saković
Keyword(s):  
Growth Factors ◽  
Firm Growth ◽  
Financial Statements ◽  
Return On Assets ◽  
Current Ratio ◽  
Empirical Examination ◽  
Explanatory Variables ◽  
Positive Growth Rate ◽  
The Republic ◽  
Revenue Cycle

In this paper, the growth factors of coffee processing companies in the Republic of Serbia were analyzed by panel data technique. The growth was measured by changes in sales, while as explanatory variables were defined the following: export, size, capital turnover, revenue cycle, current ratio (liquidity ratio), debt ratio and return on assets. The empirical examination was conducted on the basis of 160 observations of financial statements of companies in coffee market. The results show that coffee processing companies in the Republic of Serbia have an average positive growth rate (1.08) during period 2015-2018. Growth of coffee processing companies is significant negatively related to size, revenue cycle and current ratio. On the other side, profitability measured as return on assets has positive significant impact on firm growth. The results show the performances of coffee processing companies during period 2015-2018 and the profile of growth factors as a prerequisite for company's development. This information can be useful for the large number of internal and external users of financial statements in the process of decision making.

scholarly journals Analisis Rasio Keuangan Sebagai Tolok Ukur Kinerja Keuangan Badan Usaha Milik Desa (Bumdes) Arum Dalu Ngabar

2018 ◽  
Vol 1 (2) ◽  
Author(s):  
Govindha Zahra Maharyani ◽  
Dwiati Marsiwi ◽  
Titin Eka Ardiana
Keyword(s):  
Financial Performance ◽  
Financial Statements ◽  
Profit Margin ◽  
Return On Assets ◽  
Current Ratio ◽  
Return On Equity ◽  
Average Value ◽  
Net Profit ◽  
Equity Ratio ◽  
The Republic

BUMDes is a new line of business that is being promoted by the Government of the Republic of Indonesia. Establishment of BUMDes is intended to realize the Autonomous Village program. This study aims to determine the financial performance of BUMDes Arum Dalu Ngabar from 2015 to 2018. The assessment indicators are using Current Ratio, Debt to Equity Ratio, Return on Equity, Total Assets Turn Over, Net Profit Margin, and Return on Assets. The population in this study is all financial statements belonging to BUMDes Arum Dalu in 2015-2018. The sample used is the Arum Dalu BUMDes financial statements in 2015-2018. The data used are secondary data and data collection techniques by obtaining documents through other people. The data analysis technique in this study is the analysis of financial ratios. This study shows the results that the current ratio assessment is categorized Very Poor, with an average value of 2.492%. Debt to equity ratio is categorized Very Good, with an average value of 2.54%. Return on Equity is categorized as Fair, with an average value of 10.8%. Total assets turnover is categorized as Very Poor, with an average value of 0.19 times. Net profit margin in 2015-2018 is categorized Very Good with an average value of 51.5% and Return on assets is also categorized Very Good, with an average value of 10.5%. Based from the evaluation indicators of the Republic of Indonesia State Minister for Cooperatives, Small and Medium Enterprises Number. 06 / Per / M.KUKM / V / 2006 as a whole, the financial performance of BUMDes Arum Dalu is in the Fair category. Thus, the financial performance of BUMDes Arum Dalu really needs to be improved.

scholarly journals Pengaruh Working Capital Turn Over Ratio Dan Current Ratio Terhadap Profitabilitas (Studi Kasus Pada PT. Gudang Garam Tbk Di Bursa Efek Periode 2011 – 2018)

2020 ◽  
Vol 1 (1) ◽  
pp. 23-29
Author(s):  
Minsyah Fuadi ◽  
Ahmadi Aidi
Keyword(s):  
Opposite Effect ◽  
Stock Exchange ◽  
Financial Statements ◽  
T Test ◽  
Working Capital ◽  
Current Ratio ◽  
Turn Over

The purpose of the research is to examine the influence of Working Capital Turn Over Ratio and Current Ratio on Profitability by using a measure of Return In Investment. Sampling from this study was taken from the financial statements of PT. Gudang Garam Tbk in the 2011-2018 period from the Indonesia Stock Exchange and data processed using the SPSS version 24 programs.The results of this study indicate that Working Capital Turn Over Ratio has a positive and significant effect on Return In Investments based on the results of the t test obtained Working Capital Turn Over Ratio has a tcount of 6.240 greater than the value of t-table which is 2.051. While the Current Ratio has a negative and opposite effect on the Return In Investment, with a t-count of -3,395 greater than the value of t-table that is 2,051. As the simultaneous Working Capital Turn Over and Current Ratio has an effect on Return In Investments with a significant 0,000 smaller than alpha (α) = 0.05.

scholarly journals Financial Position Analysis of Livestock Producers in the Republic of Srpska

2019 ◽  
Vol 20 (1) ◽  
pp. 13
Author(s):  
Tamara Stojanović ◽  
Ljiljana Drinić
Keyword(s):  
Structural Analysis ◽  
Trend Analysis ◽  
Financial Statements ◽  
Descriptive Statistics ◽  
Financial Data ◽  
Financial Indicators ◽  
Livestock Industry ◽  
Current Ratio ◽  
Financial Position ◽  
The Republic

Our research focuses on the most important indicators of the livestock producers' financial position calculated from the available financial statements. The analysis cover financial data of approximately 85 livestock producers and 315 agricultural companies for the six year period (2010-2015) and is based on the scientific and research methods such as: trend analysis, compilation and comparison, structural analysis, descriptive statistics, calculation of financial indicators and method of inference. The analysis results show that the financial position of livestock production companies in the Republic of Srpska is not acceptable. This means that the livestock industry does not meet the requirements of liquidity (current ratio and quick ratio are below the criteria and the industry average), level of indebtedness (high and above the industry average), interest coverage (negative in average) and solvency level (below the criteria and industry average). Such results indicate that the livestock industry has serious financial problems and needs both internal and systemic measures in order to become more efficient and therefore more profitable and financially sustainable.

PENGARUH KINERJA KEUANGAN TERHADAP HARGA SAHAM PADA PERUSAHAAN SEKTOR JAKARTA ISLAMIC INDEX YANG TERDAFTAR DI BURSA EFEK INDONESIA

2019 ◽  
Vol 16 (4) ◽  
pp. 516-528
Author(s):  
Abdullah Abdullah
Keyword(s):  
Stock Prices ◽  
Stock Exchange ◽  
Financial Statements ◽  
Working Capital ◽  
Current Ratio ◽  
Return On Equity ◽  
Share Prices ◽  
Equity Ratio ◽  
Influential Variable ◽  
Observation Period

ABDULLAH, 2019. Effect of Financial Performance on Stock Prices on the Jakarta Islamic Index Sector Companies listed on the Indonesia Stock Exchange in 2016-2019. This study aims to determine the effect of Current Ratio, Debt to Equity Ratio, Return On Equity, and Working Capital Turnover partially, as well as simultaneously on the Stock Prices of the Jakarta Islamic Index Sector Companies listed on the Indonesia Stock Exchange in 2016-2019. The population in this study is the Jakarta Islamic Index Sector Companies listed on the Indonesian stock exchange as many as 30 companies. The sample of this study was 10 (ten) companies selected based on criteria, namely: Jakarta Islamic Index Sector Companies listed on the Indonesia Stock Exchange Period 2016-2019; Publish audited financial statements; Having profit; and have distributed cash dividends during the observation period. The results of this study indicate that the Current Ratio (X1) Debt to Equity Ratio (X2) and Working Capital Turnover (X4) partially have no significant effect. Whereas Return On Equity (X3) has a positive and significant effect on stock prices on the Jakarta Islamic Index Sector Companies listed on the Indonesia Stock Exchange Period 2016-2019. Simultaneously Current Ratio (X1), Debt to Equity Ratio (X2), Return On Equity (X3), and Working Capital Turnover (X4) have a positive and significant effect on the Share Prices of Jakarta Islamic Index Companies in the Indonesia Stock Exchange Period 2016-2019. The dominant influential variable is Return On Equity (X3).   ABDULLAH, 2019. Pengaruh Kinerja Keuangan Terhadap Harga Saham pada Perusahaan Sektor Jakarta Islamic Index yang terdaftar di Bursa Efek Indonesia Tahun 2016-2019. Penelitian ini bertujuan untuk mengetahui pengaruh Current Ratio, Debt to Equity Ratio, Return On Equity, dan Working Capital Turnover secara parsial, maupun simultan terhadap Harga Saham pada Perusahaan Sektor Jakarta Islamic Index yang terdaftar di Bursa Efek Indonesia Tahun 2016-2019. Populasi dalam penelitian ini adalah Perusahaan Sektor Jakarta Islamic Index yang terdaftar di bursa efek Indonesia sebanyak 30 perusahaan. Sampel penelitian ini adalah 10 (sepuluh) perusahaan yang dipilih berdasarkan criteria yaitu: Perusahaan Sektor Jakarta Islamic Index yang terdaftar di Bursa Efek Indonesia Periode 2016-2019; Menerbitkan laporan keuangan yang telah diaudit; Memiliki keuntungan (profit); dan pernah membagikan Cash Deviden selama periode pengamatan. Hasil penelitian ini menunjukkan bahwa Current Ratio (X1) Debt to Equity Ratio (X2) dan Working Capital Turnover (X4) secara parsial tidak berpengaruh signifikan. Sedangkan Return On Equity (X3) berpengaruh positif dan signifikan terhadap harga saham pada Perusahaan Sektor Jakarta Islamic Index yang terdaftar di Bursa Efek Indonesia Periode 2016-2019. Secara Simultan Current Ratio (X1), Debt to Equity Ratio (X2), Return On Equity (X3), dan Working Capital Turnover (X4) berpengaruh Positif dan Signifikan terhadap Harga Saham pada Perusahaan Sektor Jakarta Islamic Index yang terdaftar di Bursa Efek Indonesia Periode 2016-2019. Variabel yang berpengaruh dominan adalah Return On Equity (X3).

scholarly journals The Effect of Liquidity and Working Capital Turnover on Profitability at PT. Sumber Cipta Multiniaga, South Jakarta

2019 ◽  
Vol 3 (1) ◽  
pp. 29
Author(s):  
Jasmani Jasmani
Keyword(s):  
Hypothesis Testing ◽  
Logical Consequence ◽  
Financial Statements ◽  
Analytical Tool ◽  
Working Capital ◽  
Return On Assets ◽  
Current Ratio ◽  
Survey Techniques ◽  
Regression Tests

The logical consequence of credit sales is the increase in trade receivables which in turn disrupts the company's liquidity.  This study aims to determine the effect between liquidity and working capital turnover on profitability at PT. Sumber Cipta Multiniaga. The method uses survey techniques and saturated sampling in the form of financial statements. The analytical tool used is descriptive and verification analysis with assumptions with statistical analysis in the form of regression tests, correlation coefficient tests, determination coefficient tests and hypothesis tests. The results of the current ratio study have a significant effect on the determination of 32.6%. Hypothesis testing obtained ρ value 0,000 <0.05. Working capital turnover has a significant effect on return on assets, with a determination of 29.6%. Hypothesis testing obtained ρ value 0,000 <0.05. The current ratio and Working capital turnover simultaneously have a significant effect on the return on assets with a determination of 49.2%. Hypothesis testing obtained ρ value 0,000 <0.05.

Factors That Influence Financial Performance

2019 ◽  
Vol 118 (5) ◽  
pp. 1-8
Author(s):  
Nursito ◽  
Yulianto Hadi ◽  
Dewi Puspaningtyas Faeni
Keyword(s):  
Financial Performance ◽  
Stock Exchange ◽  
Debt Ratio ◽  
Working Capital ◽  
Current Ratio ◽  
Feed Industry ◽  
Livestock Feed ◽  
Net Profit ◽  
Asset Turnover ◽  
Equity Ratio

This study aims to test empirically the factors that affect financial performance: current ratio, debt ratio, debt to equity ratio, total asset turnover, working capital turnover and net profit margin on return on investment in subsector of livestock feed industry listed in Indonesia Stock Exchange during the period 2006-2015.

A Study On Comparison About Working Capital Management Of State Bank Of India And Industrial Credit And Investement Corporation Of India

Think India ◽  
2019 ◽  
Vol 22 (2) ◽  
pp. 251-276
Author(s):  
S. DEVI ◽  
R.POORNIMA RANI
Keyword(s):  
Main Theme ◽  
Managerial Accounting ◽  
Capital Management ◽  
Working Capital ◽  
Current Ratio ◽  
Efficient Operation ◽  
Working Capital Management ◽  
Satisfactory Level ◽  
Current Asset

Working capital management refers to a company's managerial accounting strategy designed to monitor and utilize the two components of working capital, current assets and current liabilities, to ensure the most financially efficient operation of the company. The goal of working capital management is to manage the firm’s current asset and current liabilities in such a way that satisfactory level of working capital is maintained. A study on comparison in working capital management with State Bank of India and Industrial Credit and Investment Corporation of India is analyzed to know the liquidity and current ratio. The interaction between current asset and current liabilities is therefore is the main theme of the theory of working capital management.

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