Financial Ratio Analysis Research Articles

Keragaan dan Analisis Rasio Keuangan Usaha Penjualan Kedelai (Studi Kasus pada PT. Sari Eco di Desa Gudang Kecamatan Tanjungsari Kabupaten Sumedang Jawa Barat)

This study aims to determine the performance of soybean sales at PT. Sari Eco and know the company's financial performance seen from the liquidity ratio, solvency ratio, profitability ratio and activity ratio. This research uses a case study method through a quantitative descriptive approach. The result of this research is PT. Sari Eco is a company engaged in the supply of food ingredients that has sold a lot of soybeans to various tofu and tempeh craftsmen in Sumedang Regency. The company was founded in 2000 with the founder Mr. Ace as owner. With the support of the potential of soybeans which are often used in making processed tofu and tempeh in Sumedang Regency, PT. Sari Eco has won a lot of trust from tofu companies and is always ready to partner with other companies. Based on the results of research for financial performance assessment using financial ratio analysis, namely the analysis of liquidity ratios, solvency ratios, profitability ratios and activity ratios at the company PT. Sari Eco. The company's financial performance of PT. Sari Eco is not healthy which is decreasing every month. The company is having difficulty selling its products due to the Covid-19 pandemic and the rising soybean prices. This must be considered so that the users of the company's assets experience improvements every month.

ANALISIS RASIO KEUANGAN ANGGARAN PENDAPATAN DAN BELANJA DAERAH (APBD) PROVINSI JATIM UNTUK MENILAI KINERJA KEUANGAN PEMERINTAH PROVINSI JATIM TAHUN ANGGARAN 2018-2022

Analysis of financial statements, namely breaking down the records in the financial statements that are part of the basic information and examining important or related relationships using quantitative and non-quantitative data for the purpose of obtaining financial data that is considered important in decision-making, The purpose of this study is to be able to evaluate the financial performance of the East Java Provincial Government using an analysis of the regional budget reports for 2018–2022. This type of research is descriptive-qualitative with a case study approach. The information processed is a report on the implementation of the East Java Provincial Government's budget for the 2018-2022 fiscal year obtained from an online publication published on the official website https://djpk.kemenkeu.go.id/. This 53.807% is based on the East Java Provincial Government's LRA data processing for the 2018–2022 fiscal year. The analysis used in the analysis of regional economic indicators is financial ratio analysis, which calculates the degree of independence, the degree of fiscal decentralization, the efficiency ratio, the ratio of effectiveness, and the regional financial capability. The analysis used to analyze regional financial capacity is the calculation of the share and growth rate as well as a map of the capacity of the regional economy. Based on the calculations and analysis of regional economic indicators, it can be concluded that the relationship model for the degree of regional autonomy in Manado City is a better criterion. The level of decentralization of financial activities is still ongoing, but the efficiency ratio is very effective. Based on regional financial capabilities, it can be concluded that the economic situation of East Java Province is still not ideal. Based on market share and growth calculations, the position of East Java Province is in the second quadrant, and the profitability of the East Java province's economy is relatively high.

A STUDY ON THE EVALUATION OF FINANCIAL PERFORMANCE OF POST- MERGER AND PRE-MERGER OF CANARA BANK USING EAGLE AND CAMEL MODEL

A STUDY ON THE EVALUATION OF FINANCIAL PERFORMANCE OF POST- MERGER AND PRE-MERGER OF CANARA BANK USING EAGLE AND CAMEL MODEL

Analisis Rasio Keuangan Untuk Menilai Kinerja Keuangan Perusahaan

This study aims to determine the financial performance of PT Indofood Sukses Makmur Tbk for the 2020–2022 period based on financial ratio analysis. PT Indofood Sukses Makmur Tbk's financial performance can be measured using financial ratios consisting of Liquidity, Solvency, activity, and Profitability Ratios. The data analysis technique used in this study is a quantitative descriptive analysis technique, and the data used is secondary data in the form of the financial reports of PT Indofood Sukses Makmur Tbk for the 2020–2022 period obtained from the Official Website of the Indonesia Stock Exchange (IDX). The results showed that the liquidity ratio was relatively good, which could be seen from the value of the company's current ratio, quick ratio, and cash ratio. Even though the cash ratio value of PT Indofood Sukses Makmur Tbk is below 100% or 1, However, the value of the Current ratio, Quick ratio, and Cash Ratio of PT Indofood Sukses Makmur Tbk is so optimistic that it will increase every year. The solvevability Ratio of PT Indofood Sukses Makmur Tbk is classified as good because the debt-to-asset ratio (DAR) and debt-to-equity ratio (DER) values are optimistic that they will decrease, even though the DER value in 2020 and 2021 is above 100% or 1. PT Indofood's Activity Ratio Sukses Makmur Tbk is classified as good, as can be seen from the values of the Inventory Turnover Ratio, Fixed Asset Turnover Ratio, Total Asset Turnover Ratio, and Receivable Turnover Ratio, which have increased from 2020 to 2022. Although in 2022 the Inventory Turnover Ratio value will decrease due to excess inventory purchases, PT Indofood Sukses Makmur Tbk's Profitability Ratio is in a bad position, as can be seen from the proportions of PT Indofood Sukses Makmur Tbk's Net Profit Margin Ratio, Gross Profit Margin Ratio, Return on Assets (ROA), and Return on Equity (ROE) from 2021–2022, which experienced a significant decline. The percentage of impairment in 2021–2022 beats the proportion of increase in the ratio from 2020–2021.

Legal Aspects in Religional Financial Management Case Study on the Surabaya City Covernment Budget

Economic development aims to enhance capabilities and freedom of choice, relying significantly on government spending. The local government's financial administration, as shown by the Regional Budget (APBD), reflects its capacity to fund governance, development, and social services. Financial ratios analysis is employed to assess the local government's performance. Regional autonomy laws empower regional authorities to provide transparent, participatory, and accountable services to the community. This study evaluates the efficiency of regional revenue realization using a descriptive juridical approach, focusing on the legal aspects of financial management in Surabaya City's local government budget.

ANALISIS LAPORAN KEUANGAN TERHADAP PENILAIAN KINERJA KEUANGAN PT TRANS MULTI CARGO KOTA BATAM

This study aims to determine the company's financial performance as assessed by financial ratio analysis at PT. Trans Multi Cargo from 2018 to 2021. The data analysis method used is a quantitative descriptive method using measurements of liquidity ratios, solvency, activity and profitability. based on the results of research on the liquidity ratio in the 2018-2021 period it can be said that it is not good because the company has difficulty paying off current liabilities using current assets owned by the company. Based on solvency in the 2018-2021 period, it is quite good where it has increased every year, this is due to low corporate spending originating from loans. Based on activities in the 2018-2021 period, it is quite good where every year there is an increase in this situation. This situation must be maintained so that the use of company assets is more effective and efficient. Meanwhile, based on profitability in the 2018-2021 period, this shows an increase in profits or profits generated in the company.

MERGERS AND ACQUISITIONS. AN EVALUATION ANALYSIS OF BANKRUPTCY PRE AND POST OF BOTH EVENTS. EVIDENCE FROM GREECE

The banking sector is one of the most important sectors in economy of the world and occupies a prominent position in the development. The banking system in Greece is regulated by the European Central Bank (ECB) and is composed of various types of banks, including systemic commercial banks, non systemic commercial banks and cooperative banks. The purpose of this study is to study the case of the reduction or not of the occurrence of bank bankruptcy after the acquisition they made of banks with financial difficulties. For this purpose, we study the possible bankruptcy of the acquired banks before their acquisition, as well as the possible bankruptcy of the acquiring banks before and after the acquisition. There are several models for predicting bankruptcy, including financial ratio analysis Z-score model, Zeta model, financial soundness model and other models. In this study to predict bankruptcy for banks we use the Zeta model for banks. This model is one of the commonly used in the international scientific community. The time period of the study is defined after the beginning of the global financial crisis in the year of 2008 and before the pandemic. This global financial crisis as known invaded Greece mainly in year 2010 an the pandemic started at the end of year 2019. The examined time period concerns both a short-term and a long-term period of time for the most rational drawing of conclusions. This specific study is based on the analysis of two of the most characteristic cases involving Greek banks involved in takeovers. One case concerns Greek cooperative banks and the other one concerns Greek systemic banks.
 Keywords: Cooperative Banks, Mergers & Acquisitions, Cash Flows Ratio, Profitability, Insolvency.
 JEL Classifications: G21, G33, G34

Financial Performance Analysis to Assess the Financial Performance of Sharia Cooperative Arifin Achmad Hospital Pekanbaru Riau

Research on the financial performance of cooperatives needs to be carried out in order to measure the success of cooperatives in generating profits, and to see the growth and development of these cooperatives. To evaluate the financial performance of cooperatives, the Indonesian government has made provisions for assessing ratios, which are contained in the Minister of Cooperatives and SMEs No.14/Per/M.KUKM/XII/2009. The purpose of this research is to see whether the Financial Performance of Sharia Cooperatives at RSUD Arifin Achmad Pekanbaru Riau has been effective in terms of financial ratio analysis based on the Regulation of the Minister of Cooperatives and SMEs of the Republic of Indonesia No. 14/Per/M.KUKM/XII/2009. The research method used is the quantitative method, while the results of the study are that there is a decrease in the total score of the overall score of the aspect ratio assessment each year. in the range of values between 40 ≤ x 60, it means that it is considered unhealthy. In 2018, if you look at the total score of the health assessment results of the Sharia Cooperative Arifin Achmad Pekanbaru Riau Hospital in 2018, it was 43.25, in the range of values between 40 ≤ x 60, means the criteria are not healthy. In 2019, if you look at the total score of the results of the health assessment of the Sharia Cooperative, Arifin Achmad Pekanbaru Riau Hospital in 2019, it was 41, in the range of values between 40 ≤ x 60, which means that it is considered unhealthy. Until 2020 and 2021 the health assessment of the Sharia Cooperative at Arifin Achmad Pekanbaru Hospital, Riau, continues to experience a decline from the previous year in the position of the criteria for being unhealthy to unhealthy. This can be seen from the total score obtained, in 2020 it was only 37.55 and 37.45 for 2021.

Complementing family firm and managerial views of doing business through management accounting tools

Contributions to the family firm literature have given attention to different challenges that family firms have to face in their life cycle when organisational complexity increases and managerial processes are required. This paper investigates how management accounting (MA) tools enable family and managerial views of doing business to complement each other during the professionalisation process. In particular, the paper discusses a longitudinal case study on a family firm’s professionalisation, when an external advisor introduced financial ratio analysis and contribution margin reports. The case evidence shows that MA tools, by facilitating communication amongst family firm members and the external advisor, favours the complementing between family firm and managerial views of doing business during the professionalisation process. When simultaneously trusting family firm and managerial views of doing business, family firm members had the chance to interpret business facts differently, discovering new business opportunities. The paper contributes to the family business literature examining the professionalisation process through the pragmatic constructivist (PC) perspective that analyses the main traits of family firm and managerial views of doing business, stressing the relevance of values in interpreting business facts and in identifying factual possibilities. On this issue, the PC perspective is useful in understanding the role of MA tools as a communication basis for enabling the complementing of different views of doing business during the professionalisation process.

RISK SHARING BETWEEN UNRESTRICTED-INVESTMENT-ACCOUNT-HOLDERS AND SHAREHOLDERS OF ISLAMIC BANKS: IMPLICATIONS ON STABILITY AND RESILIENCE

The allocation of profit and loss to the unrestricted investment account holders (URIAHs) is a fundamental principle of Islamic banking where both the URIAHs and the Shareholders participate in funds mobilization through a risk-sharing arrangement. The study investigates the risk adjusted return received by both the unrestricted investment account holders and shareholders as well as the level of risk sharing between them for Islamic banks in Nigeria, Sudan, Bahrain and Qatar using financial ratio analysis, difference in mean t-test and Var-at-Risk (VaR) methodologies. The paper concludes that, contrary to the findings of many previous studies, the unrestricted investment account holders receive lower risk adjusted returns than the Shareholders do and at a higher risk in some of these countries and also the Central Banks impose a risk sharing value (the alpha factor) which is always different from the actual computed value of the risk sharing parameter for the banks and these are the likely potential sources of instability in the Islamic banks of these countries.

Comparison of Financial Performance with Financial Ratio Analysis of Telecommunication Services Companies Listed on the Indonesian Stock Exchange 2019-2022

The research was conducted to determine the comparison of financial performance with financial ratio analysis. The population of telecommunication service companies listed on the IDX 2019-2022 is 13 companies. And the company sample is 8 companies. Descriptive quantitative method. The research results of the Telecommunications Services Company are in good condition in terms of liquidity ratios. The financial performance of solvency in good condition from debt to asset ratio and debt to equity ratio is PT Lck Global Kedaton. Receivables Turnover and Total Assets Turnover are PT Smartfren Telecom Tbk and PT Jasnita Telekomindo Tbk in good condition in terms of activity. Profitability, seen from net profit margin, return on assets and return on equity, is that PT Telkom Indonesia is in good condition.

Analysis of the Use of Accounting Information and Non-Accounting Information in Supporting the Decision-Making Process of Lending by PT Bank Suluto, Calaca Branch

In minimizing the risk of non-performing loans, banks need to conduct credit analysis to assess a credit application that contains various information, namely accounting information and non-accounting information. SulutGo Bank, Calaca Branch. The method used in this study is a qualitative method that is descriptive and the data obtained through interviews and documentation. The results of the study show that (1) accounting information is taken into consideration in the credit decision-making process at PT. Bank SulutGo Calaca Branch which is based on the use of financial ratio analysis related to credit (2) Non-accounting information is taken into consideration in the credit decision-making process at PT. Bank SulutGo Calaca Branch which refers to the 5c principle.

Financial Performance Analysis of PT XYZ and Compliance Of Financial Loan Covenant Toward Debt Repayment Capability

In 2022, PT XYZ faced a decline in net sales of -16.42%. At the same time, Indonesia's furniture industry also faced a decline in export value. This research analyses PT XYZ's financial performance from 2018 to 2022, specifically regarding its debt repayment capability. Financial ratios from several aspects, such as profitability, liquidity, activity, and solvency ratios, will be generated to reflect the firm's performance and trend in the past five years. Other than evaluating the firm's financial ratios, this research will also evaluate the firm's compliance with financial loan covenants in existing bank loans and bond issuance. From the financial ratio analysis, the firm's performance plummeted in 2022, mainly due to the decline in sales experienced by PT XYZ. There may be some issues regarding the firm's liquidity performance. However, it can be seen from the solvency ratios such as DSCR and Interest Coverage Ratio that the firm can still meet its obligations in paying its debt interest and principal payments. Compliance with financial loan covenants indicates a covenant breach in the debt-to-EBITDA ratio, which is applied as a financial loan covenant by Bank DEF and Bank JKL. However, the firm can still pay its debt principal and even pay off the credit facilities. The research found that the decline in sales faced by the firm significantly impacted the firm's weakened financial performance in 2022. Regarding compliance with financial loan covenants from bank loans and bond issuance, the covenant breach does not affect the firm's capability in debt repayments.

MERGERS AND ACQUISITIONS: A PRE AND POST FINANCIAL RATIO ANALYSIS EVALUATION. EVIDENCE FROM GREECE

The mergers and acquisitions are a modern phenomenon in the financial sector. Like every business, so are the Banks looking for opportunities and ways to become more competitive to cope with the changes in the market. In this article we examine the profitability, liquidity and operational financial ratios in a pre and post acquisition case study from the Greek Banking System. From the analysis of those ratios we try to find out if there is an improvement of them when the bidder bank takeovers a "bad" target bank, and if any improvement how many years after the acquisition observed. The case of a pre and post acquisition of Emporiki Bank of Greece by Alpha Bank of Greece is a representative case study for describing what happened in Greece during the before and after the financial crisis. For examine this case study we use financial analysis evaluation with the most significant financial ratios of the involved int acquisition Greek banks. The evaluation of the acquisition is made with the use of balance sheets and the financial reports of the banks pre and post the acquisition took place. The research is based on the use of liquidity profitability and operational ratios and so the performance of the involved banks is presented and analyzed before and after the acquisition. Presenting and analyzing the performance of the two involved in acquisition banks, with the help of financial data will lead to conclusions about whether the acquiring bank has achieved its objectives. Of course these objectives were the improvement of profitability liquidity and operation profit of the bidder Alpha Bank
 Keywords: Banks, Mergers & Acquisitions, Financial Ratio Analysis, Liquidity Profitability.
 JEL Classification: G21, G33, G34

Analisis Rasio Keuangan PT. Bank Central Asia Tbk

The purpose of this study is to determine the liquidity ratio at PT. Bank Central Asia for the 2018–2022 period, the solvency ratio at PT. Bank Central Asia for the 2018–2022 period, and financial ratios at PT. Bank Central Asia based on analysis of liquidity and solvency ratios for the 2018–2022 period. The method of this research is a qualitative method. The results of this discussion are the analysis of financial ratios at Bank Central Asia Tbk in 2018–2022 which are summarized as follows. The conclusions reached are: Using the indicators Quick Ratio, Banking Ratio, Loan to Assets Ratio, and Loan to Deposit Ratio reveals financial conditions that tend to change from time to time, with the result that the amount of the loan given is less than the amount of cash deposited by depositor. Solvability ratio analysis conducted by Bank Central Asia Tbk for the 2018–2022 period shows that the Primary Ratio and Capital Adequacy Ratio indicators tend to decrease, making it difficult for banks to manage losses that occur during each period. It can be concluded from all the analyzes of the Liquidity Ratio and Solvency Ratio that have been carried out that the analysis of the financial performance of PT Bank Central Asia for the 2018-2022 period has experienced a significant increase
 Keywords: Liquidity, Solvency, Ratio

ANALISIS PROFITABILITAS USAHA PADA DERMAGA UMUM DI MUARA BADAK

The birth of several small businesses as well as large businesses in the Muara Badak District, especially in the field of transportation services, has provided evidence that economic development in the Muara Badak District is increasingly advanced. The evidence can be seen with the variety of types of businesses that began to develop, one of which is the Public Docksin Muara Badak, which is one of the crossing businesses with a tariff of Rp. 2,000 per person at Pangempang Road Rt 05. No 28. Muara Badak Distric. The main objective of this study is to find out and assess the financial performance of Orange Pier which is reviewed using profitability ratios in 2017 and 2018. The analytical tool used in this study is a financial ratio analysis tool as a basis for measuring profitability ratios for analysis results. Profit Margin is the company's ability to generate profits compared to sales achieved. From the results of the calculation of profit margins in 2017 showed 57.37% and 2018 showed 62.88% of the difference in increase achieved 5.51% from 2017. Turnover of Operating assets shows the company's ability with all the capital in it to generate profits. This ratio is calculated by comparing earnings before interest and taxes with total assets. This ratio is used to measure the ability to generate net income based on the level of assets. From the results of calculations in 2017 showed 71.02% and 2018 showed 75.30% difference experienced an increase in 2018 was 4.28%. Return On Investment (ROI) is used to determine the effectiveness of the company in utilizing funds from the company. From the calculation results obtained ROI increased in 2018 by 6.60% from the results of 2017 showing 40.74 and 2018 showing 47.34%.

Analisis Rasio Keuangan Untuk Menilai Kinerja Keuangan Perusahaan

This research aims to know the financial ratio analysis to assess the financial performance of the PT Argha Karya Prima Industry Tbk period 2017-2021 listed on the Indonesia Stock Exchange. (BEI). This research uses the type of descriptive analysis data with the calculation of data using quantitative methods. The data used is secondary data from the financial statements obtained from the company’s official website and the official website of Bursa Efek Indonesia. Data analysis techniques use financial ratio analysis: liquidity ratio, solvency ratio and profitability ratio. The results of the study that the liquidity ratio on PT Argha Karya Prima Industry Tbk if reviewed from current ratio, quick ratio and cash ratio is said to be not good because it is below industry standards. The revised solvency ratio of the company’s debt to assets ratio and debt-to-equity ratio is not in good condition because it is below industry standards. Revised activity ratio of receivable turnover, fixed asset turnover and total assets turnover of the company in an inefficient condition because it is below industry standards. In addition, inventory turnover results are in an efficient state because they are below industry standards. And the reviewed profitability ratio of return on assets, return on equity, return upon investment and net profit margin of the company is in good condition because it is above industry standards

Pharmaceutical State-Owned Enterprises Holding Formation Performance Assessment

Along with being a business focused on making a profit, State-Owned Enterprises (SOE) also have additional responsibilities to assist national economic progress and engage in accelerated development. There are many tactics that can be used to improve SOE performance, such as restructuring by creating a SOE holding. So that the management could operate as effectively as possible, several SOEs that were active in the same industry were reorganized into holding corporations. The goal of this study is to assess and examine the financial performance of SOE pharmaceutical firms using financial ratio analysis and SOE Financial Scoring of Healthiness level that include PT Bio Farma (BIOF), PT Kimia Farma (KAEF), PT Indofarma (INAF) and as Consolidation basis before and after restructuring through the establishment of a holding in 2017-2022. Calculations were also carried out employing the paired t-test statistical technique during the time prior to holding in 2017-2019 and after holding in 2020-2022 to determine significant differences. The findings show that the financial ratios of pharmaceutical SOEs during the period before and after the holding formation in 2017-2022 mostly are deteriorating and the healthiness level from healthy become less healthy. However, using paired t-test, the holding formation has no significant influence on financial performance profitability, leverage, or liquidity when it be analysed for each SOE. However, when viewed as a consolidation basis, the ROI before and after the holding configuration was significantly different.

Analysis of Financial Ratios to Measure Financial Performance in the Oil and Gas Industry Listed on the Indonesia Stock Exchange for the Period 2017-2021

This study aims to determine the financial performance of oil and gas companies listed on the IDX for the 2017-2021 period. This type of research is a descriptive qualitative research with secondary data, namely in the form of financial reports of oil and gas companies listed on the IDX obtained from the website www.idx.co.id with time series and cross sectional analysis. The samples used in this study are three oil and gas companies listed on the IDX for the 2017-2021 period, namely PT. Astrindo Nusantara Infrastructure Tbk, PT. Elnusa Tbk and PT. Main radiant interinsco Tbk with sampling technique using purposive sampling method. Analysis of the data used is the analysis of financial ratios. The results showed that in the ratio analysis of the overall company finances which became the object of research the company had a good performance.

Analysis of Financial Ratios of Thai National Football Shirt Production Companies

The purpose of this study was to analyze the financial status of the performance sports clothing industry. The sample group used a specific random method for the company that produces Thai national football team shirts. The tools used in the study were an analysis of financial ratios using secondary data from the annual financial statements of Thai national football shirt manufacturing companies from 2021 to 2022. The study found that the overall performance of the company was satisfactory, with the proportion of non-current assets significantly decreasing, equity increasing to a level that exceeds liabilities, and the ability to control selling and administrative expenses improving by leaps and bounds. The company's net profit has increased, the liquidity ratio has increased, the efficiency ratio for accounts receivable has decreased, the efficiency of inventory has improved, total assets and fixed assets have improved, and the debt service coverage ratio has also improved.