Economic Rentability Research Articles

Revisiting Banks' Performance After the Digitalization Acceleration: The Case of Conventional Banking Industry in Indonesia

Otoritas Jasa Keuangan (OJK) facilitates digital banking acceleration by establishing regulations related to digital banking. After its implementation, banking performance in general has increased, but some banks experienced discrepancies. This study aims to analyze the comparison of banks’ fund composition, operational efficiency, and economic rentability before and during the acceleration. This research uses the comparative tests by the Wilcoxon Signed Rank Test and Paired Sample T-Test based on the existing data of nine banks listed on the Indonesia Stock Exchange (IDX) main board. The result indicates that there were significant differences in banks’ Current Account Saving Account composition, operational efficiency, and economic rentability variables. In contrast, banks’ Time Deposit composition variables did not experience significant differences before and after digitalization acceleration. This study was conducted based on the data from IDX main board banks that have provided online account opening features and experienced a decline in one of the fund composition, operational efficiency, and economic rentability performance.

THE INFLUENCE OF CASH TURNOVER, RECEIVABLES TURNOVER AND INVENTORY TURNOVER ON THE ECONOMIC PROFITABILITY OF REGISTERED PHARMACEUTICAL COMPANIES ON THE INDONESIAN STOCK EXCHANGE PERIOD 2017-2021

This study examines the effect of cash turnover, receivable turnover, and inventory turnover on the economic rentability of pharmaceutical companies listed on the Indonesia Stock Exchange during 2017-2021. This study uses secondary data, and the samples are 8 pharmaceutical companies listed on the Indonesia Stock Exchange during 2017-2021. The sampling technique used purposive sampling technique. The data analysis method used is the panel data regression analysis method. The results indicate that cash turnover negative and no significantly affects economic rentability, receivable turnover negative and significantly affect economic rentability, and inventory turnover positively and significantly affecnteconomic rentabilityof pharmaceutical companies listed on the Indonesia Stock Exchange for 2017-2021.

PENGARUH TINGKAT EFEKTIVITAS PERPUTARAN KAS, PIUTANG, DAN MODAL KERJA TERHADAP RENTABILITAS EKONOMI PADA KOPERASI PEDAGANG PASAR GROGOLAN BARU (KOPPASGOBA) PERIODE 2016-2020

This study aims to test and analyze the effect of effectiveness of cash turnover, receivables,and working capital on economic rentability in the New Grogolan Market Traders Cooperative of Pekalongan City from 2016 to 2020. The method used in this study was quantitative research method with documentation techniques and analyzed used multiple linear regression analysis. The results of this study showed (1) the effectiveness of cash turnover has no significant effect on economic rentability, (2) the effectiveness of receivables turnover has no significant effect on economic rentability, (3) the effectiveness of working capital turnover has a positive and significant effect on economic rentability, and (4) there is a positive and significant effect on the effectiveness of cash turnover, receivables, and working capital together on economic rentability.
 Keywords: Turnover of cash, turnover of receivables, turnover of working capital, and economic rentability.

Pengaruh Perputaran Kas, Perputaran Piutang Dan Perputaran Modal Kerja Terhadap Rentabilitas Pada PT Wijaya Karya

Economic rentability is the achievement achieved by a company expressed in percentage terms, after being compared between the results obtained with the capital used. In addition to increasing economic rentability, there are still other factors that are no less important to pay attention to companies in assessing the level of efficiency of the company, among others, judging from the rate of cash turnover, receivable turnover and working capital turnover. This research aims to find out the effect of cash turnover, receivable turnover and working capital turnover on economic rentability both partially and simultaneously on PT. Wijaya Karya (Persero) Tbk. The research method used by researchers is descriptive quantitative by using data from financial statements of PT. Wijaya Karya (Persero) Tbk. Based on the results of research conducted it can be known that partially variable cash turnover and working capital turnover do not have a significant effect on economic rentability, and partial receivable turnover has a significant effect on economic rentability. Simultaneously variable cash turnover, receivable turnover and working capital turnover have a significant effect on economic rentability.

Variabel Fundamental yang Mempengaruhi Struktur Keuangan dan Implikasinya terhadap Rentabilitas Ekonomi

Fundamental variables in this research are shown in the level of sales growth, asset structure, company size and retained earnings. The purpose of this study was to determine the effect of sales growth rate, asset structure, firm size and retained earnings on financial structure. In addition, the purpose of this study is to examine how these variables affect economic rentability. The population in this study is the Food and Beverage Industry Sub-sector listed on the Indonesia Stock Exchange for the 2016-2020 period as many as 15 companies. The sampling technique is using purposive sampling which is a technique in sampling with certain considerations. The sampling technique is carried out proportionally sampling with the type of Judgment Sampling. Data collection technique used is documentation technique with polling data type. The number of samples in this study were 11 companies, the data used in the form of financial statements of the Food and Beverage Industry Subsector obtained from the Indonesia Stock Exchange. The results showed that sales growth and retained earnings had a positive effect on financial structure, while asset structure and firm size had a negative effect. The results of research on economic rentability, sales growth variables and retained earnings also have a positive effect, while asset structure and firm size have a negative effect. So the findings of this study can be concluded that the growth rate of sales, retained earnings can improve the financial structure and economic rentability of the company.

Added value rentability of tofu agroindustry business in North Lombok Regency

The measurement of company performance usually uses the analysis of Return on Investment (Rol), Return in Earning (RoE), Business Rentability (Ru) and Economic Rentability (Re) to assess the level of profit against capital, which means the extent to which business activities have a positive impact on capital owners, but it has not yet described the impact on human resources. The solution offered is the measurement of the company’s performance using Value Added Rentabilty (Rnt), so that the impact on the welfare of business actors can be known. Data was collected from all tofu agro-industry business units in North Lombok Regency. Data collection is done by using a survey method based on a list of questions. The survey was conducted 2 (two) times before and after the earthquake, namely in June 2018 and June 2019 for 24 respondents of business owners. The results showed that Value Added Rentabilty (Rnt) before earthquake in 2018 was 216.82% and post-earthquake in 2019 was 316.81%, meaning that the income obtained by capital owners from profits and labor wages was greater after the earthquake than before the earthquake for one IDR use of capital.

Pengaruh Efisiensi Modal Kerja Terhadap Rentabilitas Ekonomi Pada Koperasi Telatang Mandiri Kecamatan Merapi Barat Kabupaten Lahat

Telatang Mandiri Cooperative West Merapi Lahat Regency is one of the new cooperatives. In maintaining its business for the welfare of its members, Telatang Mandiri Cooperative West Merapi Lahat Regency has economic rentability problem, where the ratio of economic profitability from 2011 to 2015 always decreases. One of the cause is the inefficient of working capital management. Therefore, the research was conducted with the aim to find out how the effect of working capital efficiency on the achievement of economic profitability in the Cooperative Telatang Mandiri West Merapi Lahat regency. The research method used in this research is simple linear regression analysis. Sources of data used in this study are the financial statements recorded by the Telatang Mandiri Cooperative West Merapi Lahat Regency period 2011-2015. Based on the research results obtained regression equation Y = 0,008 + 0,919X + e. The correlation coefficient obtained r = 0.977 which has a very strong relationship, this is supported by the analysis of coefficient of determination of 95.4% and the rest of 4.6% influenced by other factors. Also supported by t test obtained t calculate 7,861> t table 2,353 which mean working capital efficiency have an effect on signifikan to economic profitability. Based on the research, it can be concluded that there is a positive and significant effect of working capital efficiency on economic profitability in Telatang Mandiri Cooperative West Merapi Lahat Regency.

Analisis Efektivitas Modal Kerja Terhadap Rentabilitas Perusahaan (Studi Kasus Pada Perusahaan Koperasi KPRI Kanca Winaya, Kecamatan Klari Kabupaten Karawang

This study aims to determine the financial performance of the aspect of working capital effectiveness on corporate rentability on KPRI KancaWinaya Cooperative. The method used in this research, is survey method (explanatory) with descriptive approach (condition variable) and verifikatif (influence variable). That is the research that tries to tell the existing problem solving based on the data, present the data, analyze and interpret it. To achieve the objectives of the study, an analysis of the working capital (net working capital), working capital report has been calculated along with current ratio calculation and net working capital ratio to measure short-term financial health, and evaluate the result of source analysis and capital use work in that period. Then, to know how big the contribution of working capital (qualitative concept), or net working capital as independent variable to rentability of company calculated by using formula of calculation of simple correlation coefficient. The results showed that the development / addition of working capital KPRI Kanca Winaya company in the period of 2012 to 2016, continues to increase. Similarly, the development of profitability of the company from 2012 to 2016 has increased and pluktuatif decline. Current ratio and net working capital ratio shows that the management of fund flows (source and use of funds) is not effective or not in accordance with the basic concept of fund flow management. While the results of correlation coefficient calculation shows the value of correlation coefficient T of 0.47. Where the value of correlation coefficient T = 0.47 is in position> 0 (greater than zero); meaning there has been a positive linear relationship. That is the greater the value of variable X (independent / working capital), then the greater the value of variable Y (dependent / economic rentability). Or the smaller the value of variable X, the smaller the value of variable Y.

Pengaruh Tingkat Persediaan Terhadap Rentabilitas Ekonomi Pada PT Sepatu Bata, Tbk

This study examines the effect of inventory levels on economic rentability at PT Sepatu Bata Tbk. Referring to two variables, namely economic rentability as the dependent variable / dependent variable (x) and inventory level as independent variables / independent variables (y). The purpose of this research is to find out whether or not there is a positive and significant influence between inventory level rotation, economic profitability at PT Sepatu Bata Tbk, and to find out how much influence the inventory level has on economic rentability. The research method used in carrying out this research is an associative research method which aims to determine the influence of the two variables studied. This study uses simple linear regression data analysis techniques, while for the hypothesis test statistical tests are carried out with the T test. For the regression equation obtained is Y = 18.72 - 0.23X. This study concludes that the inventory does not significantly influence the economic rentability of PT Sepatu Bata Tbk. These results can be seen from tcount of -1.585 and ttable of 2.015, which means that tcount is smaller than ttable. While the influence of inventory variables on economic rentability is 33.4% while the remaining 66.6% is influenced by other variables outside of this study. Keywords: Inventory, economic rentability, profitability.

Antecedent financial performance of Baitul Mal wat Tamwil (BMT): Study in BMT Binama Semarang

<p><strong>Purpose</strong> - BMT is established as an Islamic micro-finance which gives the loans to the middle-low society. A good financial performance describes a good BMT condition to distribute their own loans. This research is a case study of BMT Binama Semarang City during 2009-2013.</p><p><strong>Method</strong> - The kind of data used are secondary data, monthly financial reports for balance statement, profit and loss, and collectability. The instrument of financial performance was measured based on stable, stable–enough, less-stable, and unstable quality using the variables of capitalizing structure, productive asset quality, liquidity, cost efficiency, capitalizing efficiency, economic rentability, and self-capital rentability. The data were analyzed by using multiple linear regression analyses.</p><p><strong>Result</strong> - The research found that financial performance of BMT in 5 years was stable-enough, caused by losing condition on 2010. The result of multiple linear regression showed that there were only two independent variables which had significant affect, they are: cost efficiency and economic rentability. Economic rentability gives more significant role in financial performance of BMT.</p><p><strong>Implication</strong> - The results showed that the financial performance of BMT Binama Semarang City was quite healthy. This quite healthy condition can be raised to be healthy through efforts to focus improvements on variables that show low scoring, namely cost efficiency and economic profitability.</p><p><strong>Originality</strong> - This study focuses on the financial performance of BMT Binama Semarang City.</p>

ANALISIS KOMPARASI KINERJA KEUANGAN KOPERASI SIMPAN PINJAM DENGAN KOPERASI SIMPAN PINJAM DAN PEMBIAYAAN SYARI’AH DI DAERAH ISTIMEWA YOGYAKARTA PERIODE 2013-2017

The purpose of this study is: to test whether there are differences in financial performance between Savings and Loans Cooperatives and Sharia Financing(KSPPS) and Conventional Savings and Loans Cooperatives (KSP) by comparing 5 (five) variables, namely: Liquidity, Solvency, Economic Rentability,Asset Growth , and Member Growth. This study uses secondary data with a total of 10 (ten) Cooperatives with details of 5 (five) Savings and Loan Cooperatives and Shari’ah Financing (KSPPS) and Conventional Savings and Loans Cooperatives (KSP) of 5 (five) with observation periods between 2013 - 2017. The statistical analysis method used is the two average differences used to test the difference in performance of the two data groups with 5 (variables) measured. The results showed that the variable Liquidity, Solvabolity, Asset Growth, and Member Growth there was no difference in performance between Savings and Loans Cooperatives and Sharia Financing (KSPPS) with Conventional Savings and Loans Cooperatives (KSP). While the Economic Rentability variable shows a difference, namely KSPSS has better performance than KSP. The limitations of this study are the shorter observation time and the small number of samples. While suggestions can be given for future research is that more research samples can be added, research variables can also be added and the research area can be expanded.

ANALISIS KOMPARASI KINERJA KEUANGAN KOPERASI SIMPAN PINJAM DENGAN KOPERASI SIMPAN PINJAM DAN PEMBIAYAAN SYARI’AH DI DAERAH ISTIMEWA YOGYAKARTA PERIODE 2013-2017

The purpose of this study is: to test whether there are differences in financial performance between Savings and Loans Cooperatives and Sharia Financing (KSPPS) and Conventional Savings and Loans Cooperatives (KSP) by comparing 5 (five) variables, namely: Liquidity, Solvency, Economic Rentability, Asset Growth , and Member Growth. This study uses secondary data with a total of 10 (ten) Cooperatives with details of 5 (five) Savings and Loan Cooperatives and Shari’ah Financing (KSPPS) and Conventional Savings and Loans Cooperatives (KSP) of 5 (five) with observation periods between 2013 - 2017. The statistical analysis method used is the two average differences used to test the difference in performance of the two data groups with 5 (variables) measured. The results showed that the variable Liquidity, Solvabolity, Asset Growth, and Member Growth there was no difference in performance between Savings and Loans Cooperatives and Sharia Financing (KSPPS) with Conventional Savings and Loans Cooperatives (KSP). While the Economic Rentability variable shows a difference, namely KSPSS has better performance than KSP. The limitations of this study are the shorter observation time and the small number of samples. While suggestions can be given for future research is that more research samples can be added, research variables can also be added and the research area can be expanded.

ANALISIS KINERJA KEUANGAN KOPERASI PEGAWAI NEGERI (KPN) MU’AMALAT KANTOR KEMENTERIAN AGAMA KOTA MAKASSAR

This study aims to find out how the financial performance of civil service coorperatives (KPN) Mu’amalat the ministry of the city of Makassar. The analytical method used is descriptive quantitative analiysis method by using data collection technique that is research of library and field research consisting of method of documentation and interview method.From the results of research conducted on civil service cooperatives (KPN) Mu’amalat. Regarding the financial performance assessed from the liquidity ratio based on current ratio analysis shows very good figures, while the cash ratio shows poor results. The rentability ratio based on the analysis of economic rentability generated shows good figures, while the capital rentability analysis itself shows poor results. Further on the solvency ratio based on the analysis of debt to asset ratio and long term debt to equity ratio produced respectively indicate the numbers with very good criteria.

Analisis Efektivitas Pengendalian Biaya, Perputaran Modal Kerja, dan Rentabilitas Ekonomi Menggunakan Regresi Data Panel

Economic Rentability depend on the factor of the efficiency of cost control and working capital turnover (Khoyri, 2014; Vidiyastutik, 2013). This paper investigatesthe impact of cost control effectiveness and working capital turnover on Economic Rentability. The type of data used was quantitative data taken from the company's annual financial statements. Using panel data for 14companiesthat is all manufacturing companies of metal sub sector and the like that listed on Indonesia Stock Exchange and the observation period from 2012to 2016, we tested the relationships between the efficiency of cost control and working capital turnover by building panel model. The sampling technique used is purposive sampling. Meanwhile, the statistical method used is multiple linear regression analysis. Our findings showed that the efficiency of cost control does not have a significant effect on Economic Rentability. The results of this paperis indicated by the significance value of the efficiency of cost control greater than alpha (0.869> 0.05). This study also reveals that Working Capital Turnover has a significant effect on Economic Profitability. The statistical test shows that the significance value of Working Capital Turnover is smaller than alpha (0.000 <0.05).

Pengaruh Perputaran Kas, Perputaran Piutang, Perputaran Persediaan Terhadap Rentabilitas Ekonomi Pada Perusahaan Otomotif Yang Go Public Di Bursa Efek Indonesia Periode 2013-2016

This study aims to determine the effect of cash turnover, receivables turnover, and inventory turnover on Economic Rentability on automotive companies that go public in Indonesia Stock Exchange period 2013-2016. This study uses quantitative data using secondary data in the form of annual financial statements with a sample of 8 companies. The test is classical assumption test, multiple linear regression test, coefficient of determination (R2), F test (simultaneous), and t test (partial). The results of this study showed multiple linear regression values are: Y = 0.498 - 0.087X1 + 0.009X2 - 0.154, X3 which means inventory turn over most Economic Rentability with coefficient (0.154). F test results (simultaneous) shows the value of Fcount 5.309> Ftable 2.93 with a significance of 0.005 which means the cash turnover, receivable turnover, and inventory turnover simultaneously affect the Economic Rentability. T test result (partial) cash turnover shows the value of t count 2.919> t table 2.04841 with significance of 0.007 which means cash turnover partially negatively affect Economic Rentability, turnover receivables show t count 1390 t table 2.04841 with significance of 0.018 which means partial turnover receivables negatively affect Economic Rentability. The result of coefficient of determination (R square) is 0363 or 36% that is Economic Rentability influenced by cash turnover, receivable turnover, inventory turnover rest influenced by other factors. Keywords : Cash Turnover, Receivable Turnover, Inventory Turnover, Economic Rentability

KONTRIBUSI DANA PIHAK KETIGA TERHADAP RENTABILITAS EKONOMIS (STUDI KASUS DI PT BANK MUAMALAT INDONESIA)

This research aims to figure out how significant is the effect of The Third Party Funds (the research focuses on the Deposit of Mudharabah, Mudharabah Savings, and the Wadi’ah Giro) towards Economical Profitability at PT. Bank Mu’amalat Indonesia (BMI). This research is a kind of a descriptive research through correlational regression method. It aims to figure out how significant is one or more than one variables may give the influence towards other variables. The result of this research shows that The Third Funds does not have any significant effect towards the Economical Profitability with the gained correlational value 31,4%. It goes without saying, 68,6% of Economical Profitability is influenced by other variables which are not identified in this research.Kata Kunci : Third Fund Party, Economic Rentability

COMPARATIVE ANALYSIS OF DIFFERENT FLOODING METHODS USED FOR RICE CULTIVATION AT THE STATE RICE FARM ''BOSHOD''

A field experiment was carried out at the State Rice Farm of Boshod in the Chimkent Region, the Republic of Kazakhstan, to compare and contrast the effects of four flooding methods on the production of the rice variety ‘’Uros-59’’. The flooding methods included: deep flooding (20cm) – Ao; shallow flooding (10-15cm) - A1; initial shallow flooding (10-15cm) with intermittent renewal of water -A2 and moistening the soil up to the tillering phase of the rice before flooding (15cm) -A3. The percent germination, biometric measurements, leaf surface area and yield levels of the rice plants grown under the different variants of flooding were taken; and the economic rentability of the different flooding methods for the rice production calculated. The deep flooding method-(Ao) showed the lowest (70%) seed germination rate. Generally, the variant A3 exhibited outstanding results with the highest percentage of seed germination (90 %) and comparatively good physiological growth of the rice variety “Uros-59. With the A3 variant the quantity of irrigation water used was about 2000 m3/Ha lower than the control (Ao). Variant A3 also registered relatively the highest yields (68.5centiner/Ha) and the most rentable method of irrigation (100 %). The variant A3 was, therefore, recommended for the State Rice Farm at Boshod.

A gestão integrada de resíduos sólidos urbanos - perspectiva ambiental e económico-energética

The importance of urban solid waste integrated systems is characterized by the several components of these systems, which are, basically, formed by physical, chemical and biological methods. This article, characterizes these methods and, which is also important, identifies the several and potential environmental impacts of those techniques. It's also extremely important to make a study of the economic rentability of those infrastructures and, also, characterize the quantitative energetic contributions of some components of these systems. This study was analysed and their results are presented in this article.