Gudang Garam Tbk Research Articles

PENGARUH RASIO PROFITABILITAS DAN RASIO AKTIVITAS TERHADAP PERTUMBUHAN LABA PADA PT GUDANG GARAM TBK PERIODE TAHUN 2013-2022

This research aims to determine the effect of the Profitability Ratio proxied by Net Profit Margin and the Activity Ratio proxied by Total Asset Turnover on PT Gudang Garam Tbk's Profit Growth, both partially and simultaneously. The population chosen was the financial report of PT Gudang Garam Tbk, with the sample used being the financial position report and profit and loss report for the 2013-2022 period. This research uses a quantitative approach and documentation data collection techniques. The analytical methods used are Multiple Linear Regression Analysis. Based on partial research results using the t test, it was concluded that Net Profit Margin had a significant effect on Profit Growth with a significance value of 0.001 < 0.05. Meanwhile, Total Asset Turnover has no significant effect on Profit Growth with a significance value of 0.413 > 0.05. Simultaneous test results (F test) show that Net Profit Margin and Total Asset Turnover together have a significant effect on Profit Growth with a significance value of 0.001 < 0.05 with an F_count value of 21.160 > F_table 4.74.

The Influence of Cash Position (CP) and Price Earning Ratio (PER) on Stock Prices at PT. Gudang Garam Tbk Listed on the Indonesia Stock Exchange (IDX) for the 2018-2022 Period

The purpose of this study is to determine how stock prices are affected by Cash Position (CP) and Price Earning Ratio (PER). Associative quantitative research method. The data used in this study are secondary data from the financial statements of PT Gudang Garam Tbk. The purposive sampling method is used to collect samples. Construction and methods for analyzing data, classical assumption tests. Data are processed using Microsoft Excel and SPSS 26 programs. Panel data regression analysis, determination coefficient, and significance test of influence with t-test and F-test were carried out. The results of the analysis show that the correlation value of cash position to stock prices of -0.479 is included in the moderate category with a negative correlation direction. In addition, there is a correlation value between price earning ratio and stock price of 0.199. This value is included in the weak category with a positive correlation direction. The results of the study show that the price earning ratio variable does not affect stock prices, but cash position significantly affects stock prices. The results of the significance test of influence with the F test show that cash position and price earning ratio simultaneously have a large positive impact on stock prices. The analysis of the coefficient of determination (KD) that has been carried out shows that the independent variables, namely cash position and price earning ratio, have an influence of 32.5% on the dependent variable, namely stock price. Other variables not studied by the author contribute 67.5% of the remaining influence

Pengaruh Kebijakan Dividen Terhadap Kinerja Keuangan pada PT. Gudang Garam TB

Multinational companies in Indonesia, such as PT Gudang Garam Tbk, with complex financial statements, are interesting subjects for study. The company's capital ownership has increased annually, but this growth has not been accompanied by an increase in profits. The analysis is based on the financial statements of PT Gudang Garam Tbk for the period 2018-2022, using simple regression analysis. In this analysis, the dividend payout ratio, Return On Investment, and Return On Equity are considered as independent variables (x), while financial performance is the dependent variable (y). The study results show an increase in the dividend policy, but a decrease in ROI and ROE. Furthermore, the statistical analysis reveals that the dividend policy has a positive effect on financial performance, while ROI and ROE have a negative impact on financial performance. The findings indicate that the low profit growth is not due to high or low capital, but is instead caused by the return on investment (ROI) and return on capital (ROE) in the form of profit sharing. Hence, it is the return process that leads to declining or low profits.

Pengaruh Gross Profit Margin (GPM) terhadap Harga Saham PT Gudang Garam TBK

This research aims to determine whether there is an influence of Gross Profit Margin (GPM) on the share price of PT Gudang Garam TBK. The research method used is associative research. The population used in this research is the entire financial report of PT. Gudang Garam Tbk has been listed on the Indonesia Stock Exchange (BEI) for 32 years, from 1990 to 2022. The sample in this research is all of the financial reports of PT. Gudang Garam Tbk. For the 10 year period 2013-2022. The sampling technique used was purposive sampling. The data analysis technique used is simple linear regression analysis and T test with the help of the SPSS Statistics v22 for Windows program. The results of this research show that Gross Profit Margin (GTM) has no effect on share prices at PT. Gudang Garam Tbk.

Comparative Analysis of The Cost of Laying Red Bricks on Building Works

Technological development continues to fulfill people's needs for work comfort. A non-structural work that has an important role in building construction projects, such as labor productivity of red brick wall installation work. This research was conducted to analyze the comparison of the average labor coefficient and labor requirements in the field with SNI 2022, as well as comparing labor wages in the field with SSHBJ. This research was conducted by conducting unstructured interviews with the site manager, to obtain primary data on the construction project of the PT Gudang Garam Tbk, cigarette depot building. This research uses quantitative methods. From the results of this analysis, the average value of the foreman's labor coefficient in the field is 0.0141: 1.0150 OH SNI, head mason in the field 0.0205: 0.0100 OH SNI, mason in the field 0.0100: 0.0100 OH SNI, helper mason in the field 0.1215: 0.3000 OH SNI. The following are the results of the comparison of the average labor requirements of foremen in the field 1: 1 OH SNI, head masons in the field 2: 1 OH SNI, mason in the field 10: 9 OH SNI, mason helper in the field 11: 28 OH SNI. Where the average wage of labor in the field is compared with SSHBJ, where for the foreman's labor in the field Rp 288,066.67: 178,500.00 SSHBJ, head mason in the field Rp 141,646.15: 245,323.08 SSHBJ, masons in the field Rp 1,635,361.54:1,260,000.00 SSHBJ, mason helper Rp 4,359,871.79: 1.120.512,82 SSHBJ.

ANALISIS RASIO KEUANGAN MENGGUNAKAN TIME SERIES DAN CROSS SECTION UNTUK MENILAI KINERJA KEUANGAN PERUSAHAAN

The purpose of this study was to analyze the financial ratios of manufacturing companies listed on the IDX for the 2019-2023 period using financial ratio analysis, namely liquidity ratios, profitability ratios and activity ratios to assess the company's financial performance. The type of research used by researchers is descriptive quantitative using time series and cross sections, the data used in this research is secondary data, the results of the research show the average value of liquidity ratio PT. Gudang Garam Tbk. has the highest average current ratio and quick ratio values, while the highest average cash ratio is at PT. HM Sampoerna Tbk. The highest average value of activity ratio and profitability ratio of the three companies, namely PT. Gudang Garam Tbk. and PT. Bentoel International Investama Tbk. are PT. HM Sampoerna Tbk., this shows that the ability of PT. HM Sampoerna Tbk. more efficient in daily activities and the profits obtained within a period of 5 years (2019-2023) are more effective than PT. Gudang Garam Tbk and PT. Bentoel International Investama Tbk.

FINANCIAL PERFORMANCE BEFORE AND AFTER THE IMPLEMENTATION OF GOVERNMENT REGULATION NUMBER 109 OF 2012 AT PT. GUDANG GARAM Tbk. DANPT. HM SAMPOERNA Tbk.

The purpose of this research is to find out whether the Financial Performance of PT. Gudang Garam Tbk. and PT. HM Sampoerna Tbk. experienced a decline after the implementation of Government Regulation Number 109 of 2012. Data analysis used in this research used quantitative descriptive methods by comparing financial ratios consisting of liquidity, solvency, activity and profitability ratios. The research results show that the financial performance of PT. Gudang Garam Tbk. and PT. HM Sampoerna Tbk. tended to decline after the implementation of Government Regulation Number 109 of 2012.

Analisis Rasio Likuiditas dan Profitabilitas untuk Mengukur Kinerja Keuangan PT Gudang Garam Tbk Periode 2012-2022

This research aims to analyze the financial reports of PT Gudang Garam Tbk. Utilizing a quantitative research approach, the focus is on liquidity and profitability ratios. This study employs descriptive research, which is the process of gathering data and contrasting it with industry norms. Results of analysis and discussion of financial performance at PT Gudang Garam Tbk. measured using the liquidity ratio to financial performance consisting of the Current Ratio (CR) and Quick Ratio (QR) Cash Ratio (CSR) shows that the company's performance is not good in managing the company. The ratio of profitability to financial performance consisting of Return On Assets (ROA) is in the good category and Return On Equity (ROE) is in the poor category and Net Profit Margin shows it is in the good category.

Analisis Faktor yang Mempengaruhi Kinerja Keuangan PT Gudang Garam Tbk Tahun 2019-2022

This study aims to analyze the financial performance of PT Gudang Garam Tbk during the period from 2019 to 2022, with a focus on the company's financial statements. The evaluation is conducted by understanding the assets and liabilities of the company, especially current assets, non-current assets, and net exposure. The significant increase in cash and cash equivalents reflects efficient liquidity management, while fluctuations in trade receivables and inventory highlight operational challenges. Sustained investments in fixed assets signify a commitment to long-term growth, although fluctuations in trade payables and short-term liabilities demand caution. The consistently positive net exposure provides insight into potential growth and financial stability. However, the decrease in net exposure in 2021 indicates the impact of changing dynamics in the cigarette industry. In conclusion, a comprehensive understanding of financial statements is crucial for identifying opportunities and risks, providing a foundation for informed strategic decision-making. Additionally, this research emphasizes the importance of a deep understanding of factors influencing financial performance. Focus on liquidity, fixed asset investment, and net exposure management provides a complete picture of the company's dynamics. In facing the changing dynamics of the cigarette industry, the company needs to maintain a balance between long-term growth and financial risk management. The results of this research can serve as a valuable guide for the company's strategic decision-making in the future.

ANALISIS RASIO KEUANGAN UNTUK MENILAI KINERJA PRIODE 2019-2022 PADA PT GUDANG GARAM

PT Gudang Garam Tbk is a company engaged in the manufacturing industry. Many companies are of the same type, so companies must continue to compete and maintain their businesses. The company's financial statements are the main source for conveying its financial information and other information to parties who need it. This study analyzes financial ratios and assesses company performance. The type of data that the author uses is external secondary data obtained from the Indonesia Stock Exchange (IDX). The research objective is to provide an overview of the state of the company's financial statements and to compare industry averages. From the analysis of financial statements, it can be seen whether the company is in good condition or not by using financial ratios such as the liquidity ratio to determine the company's ability to meet its current liabilities, the solvency ratio to determine the company's assets financed by total debt, the profitability ratio to determine the company's ability to generate profit, and the activity ratio to determine the company's ability to manage its assets.

PEMODELAN ARIMA-GARCH UNTUK VOLATILIAS DAN VALUE AT RISK PADA SAHAM PT. GUDANG GARAM TBK

Investment is one of the development factors in economic activity, there are two basic things that investor must know before making investment decisions, namely: returns and risk. One of the statistical methods to calculate the maximum loss in investment is Value at Risk (VaR). this study aims to calculate VaR on the closing stock price data of Pt. Gudang Garam TBK for the daily period starting from 4 January 2021 to 30 December 2021. Log return data is model by ARIMA. The ARIMA model contains a heteroscedasticity effect so it is inadequate for modelling, one of the models that can overcome the heteroscedasticity problem is the ARCH-GARCH model. Forecasting the volatility of the data is done using the ARCH-GARCH model. The results show that the GARCH (1,1) is the best model for predicting volatility. Volatility is predicted for the next 30 days, after the volatility forecasting results are obtained, the VaR calculation can be continued. Based on the results, it shows that volatility increases over time, which means that the risk that investor will accept will be higher and the returns will also be greater

Perbandingan Rasio Keuangan (Likuiditas, Leverage, Profitabilitas dan Aktivitas) pada PT Gudang Garam Tbk dan PT HM Sampoerna Tbk Tahun 2021

This study compares the financial ratios between PT Gudang Garam Tbk and PT HM Sampoena in 2021 which aims to see the capabilities of the two companies in each of their financial ratios. The results of this study indicate that the ability of the two companies, namely PT Gudang Garam Tbk and PT HM Sampoerna Tbk, in financial performance with four ratios, namely: the liquidity ratio with the proxy current ratio that PT Gudang Garam Tbk is in better condition than PT HM Sampoerna Tbk and the quick ratio of the two companies is not in good condition, the cash ratio of PT HM Sampoerna Tbk is in good condition than PT Gudang Garam Tbk. The leverage ratio proxied by the debt to asset ratio and the debt to equity ratio of the two companies shows a healthy condition. Meanwhile, the activity ratio, including fixed asset turnover, PT HM Sampoerna Tbk generates more income, as well as its total asset turnover is more than that of PT Gudang Garam Tbk. The profitability ratio proxied by net profit margin (NPM), return on assets (ROA) and return on equity (ROE) at PT HM Sampoerna Tbk is higher in value than PT Gudang Garam Tbk.

ANALISIS RASIO KEUANGAN UNTUK MENILAI KINERJA KEUANGAN PADA INDUSTRI ROKOK YANG TERDAFTAR DI BURSA EFEK INDONESIA PERIODE 2017-2021

The tobacco processing industry has an important role in driving the national economy. Many companies engaged in the cigarette industry are developing their production, so they are required to increase the quality and quantity of their production. In addition, in the current economic conditions there is competition in various business fields. These conditions require cigarette companies to be able to survive in the competition, companies are required to gain a wider market share, but be able to utilize capital goods efficiently. This study discusses the financial performance assessment of the cigarette industry listed on the Indonesia Stock Exchange for the 2017-2021 period. The results showed that the financial condition of the cigarette company groups listed on the Indonesia Stock Exchange varied greatly in terms of liquidity ratios, solvency ratios, and profitability ratios. If the ranking of good and healthy financial performance is carried out in the cigarette industry, PT. The second Handjaya Mandala Sampoerna, Tbk is PT. Wismilak Tbk then followed by PT. Gudang Garam Tbk and the last one is PT. Bentoel International Investama, Tbk.

Analysis of the Financial Performance of Manufacturing Companies in the Cigarette Sub-Sector of the Consumer Goods Industry

The purpose of conducting research is to analyze the financial performance of cigarette companies listed on the Indonesia Stock Exchange (IDX) in 2015-2019 through analysis of liquidity, solvency, activity, and profitability ratios. The research data is secondary data obtained indirectly from third parties or through documents. The data source for this research was obtained from the internet via the official website of the Indonesia Stock Exchange (IDX), www.idx.co.id, in the form of annual reports of companies in the cigarette sector in the consumer goods industry for 2016-2019. The results showed that the company Gudang Garam Tbk had excellent performance; this was evidenced by the liquidity, solvency ratio, activity ratio, and the company's profitability ratio, which continued to fluctuate and tended to increase. The company H. M Sampoerna Tbk has performed exceptionally well, evidenced by the ratio of liquidity and solvency, and is terrible when judged by the ratio of activity and profitability. The company Bentoel International Investama has a poor performance, evidenced by its profitability ratio, which experiences losses yearly, but the ratio of liquidity, solvency, and activity fluctuates. PT. Wismilak Inti Makmur has performed exceptionally well, judging from its liquidity, solvency, and profitability ratios. However, in terms of its activity ratio, it has performed quite poorly because its value continues to decline.Keywords:Liquidity Ratio; Solvency Ratio; Activity Ratio; Profitability Ratio

PENGARUH BIAYA PENDIDIKAN, BIAYA PELATIHAN DAN BIAYA PROMOSI TERHADAP TINGKAT PENJUALAN PADA SEKTOR ROKOK (STUDI KASUS PT. GUDANG GARAM. TBK)

<p align="justify">This study aims to analyze the effect of education, training, and promotion costs on the level of sales at PT Gudang Garam Tbk. The research method used is hypothesis testing using multiple linear regression. The data used in this study is the financial data of companies listed on the stock exchange. The analysis results show that training costs influence sales but are not significant. This is indicated by a significance value of 0.619, more significant than the significance level of 0.05 (5%). In addition, advertising costs also influence sales with a significance value of 0.236. However, the effect of education, training, and advertising costs on sales is insignificant. In addition, the analysis results also show that the regression model used has an accuracy rate of 58.7% which is explained by the independent variables. Companies can consider managing education, training, and promotion costs more effectively to increase their sales levels. Future research can involve other variables that affect sales and use a larger sample to obtain broader generalizations.</p><p><strong> </strong></p><p class="Style4"><strong>Key words:</strong> Education and Training Costs, Promotion Costs, Sales</p>

PENGARUH GAYA KEPEMIMPINAN, KOMUNIKASI DAN MOTIVASI TERHADAP KEPUASAN KERJA KARYAWAN PT. GUDANG GARAM Tbk KEDIRI

This study aims to provide empirical evidence of the influence of Variables in this research which consists of Leadership Style (X1), Communication (X2), and Motivation (X3), while the variables influenced are Employee Satisfaction (Y) with sampling techniques based on Determination table for the number of creative tables. The table determines the number of samples from a certain population with an error rate of 10%. Obtained a sample of 90 employees at PT. Gudang Garam Tbk. Data obtained through questionnaires,interviews and observations. Based on the test results show that the leadership style positively significant effect on job satisfaction. Communication has no significant effect on job satisfaction. Motivation has a significant positive effect on job satisfaction. Simultaneously the variables of Leadership Style, Communication and Motivation influence Job Satisfaction which can be proven with a Fcount value of 60.5141> Ftable 2.74 with a significance value (sig) of 0.000 which is much smaller than 0.05.

The Effect of Internal Control Systems and Accounting Information Systems on the Quality of Financial Statements PT. Gudang Garam, Tbk and PT. Wilmar Group

This research aims to explain how the influence of Internal Control Systems and Accounting Information Systems on the Quality of Financial Statements. Quantitative method used in this research. The population in this study is PT Gudang Garam Tbk and PT Wilmar Group. The sampling technique using a purposive sampling technique was taken based on the criteria for obtaining it, meaning that the information obtained was based on predetermined criteria, namely the finance and accounting departments. The sample of this research is 37 respondents. Methods of data collection using the survey method, namely the authors disseminate directly to the respondents. Data analysis techniques in this study used descriptive statistical tests, data quality tests, classical assumption tests, multiple linear regression tests, and hypothesis testing. this study found that there is a positive insignificant effect between the Internal Control System on the Quality of Financial Statements There is a significant positive impact between accounting information systems and the quality of financial statements.

Analysis of Financial Distress of Cigarette Sub Sector Companies Listed on the Indonesia Stock Exchange Period 2017-2021

This study aims to determine the potential for bankruptcy experienced by industrial companies in the cigarette sub-sector in 2017-2021. This type of research uses descriptive quantitative with a population of issuers in the cigarette sub-sector during 2017-2021. Sampling using purposive sampling method to get 4 companies. Data collection was carried out using documentation techniques. Data analysis techniques using the First Altman Z-Score. The results showed that in the last five years the potential for bankruptcy in cigarette sub-sector companies was low because there was only one company that had the potential to go bankrupt, namely PT. Bentoel Internasional Investama Tbk. The company is in a vulnerable precautionary zone for bankruptcy during 2018-2019 and there are indications that the company is experiencing financial difficulties in 2020. The company PT. Gudang Garam Tbk, PT. Hanjaya Mandala Sampoerna, PT. Wismilak Inti Makmur Tbk, has no potential for bankruptcy.

Human Resource Development Through Knowledge Management System

In the era of globalization, knowledge within the company has become something that is very decisive for the success of a company. Knowledge Management System (KMS) as a key element in knowledge management, is an application system used by organizations to manage tacit and explicit knowledge as a platform for communicating information. Employee Cooperative (Kopkar) PT. Gudang Garam Tbk is a cooperative engaged in savings and loans under the auspices of PT. Gudang Garam Tbk Kediri which has a very important role in improving the welfare of employees. The advancement of science and technology is a new challenge for the HR & General Division to process the knowledge assets owned by each employee. As a result of the very accelerating effect of globalization, the emphasis on the importance of the quality of human resources (HR) is one response in responding to these changes. This research method uses data collection methods, data analysis and software development. While analyzing the knowledge management process into a client/server oriented system using the SECI model. From the report, 80% of the discussions that are often shared are in the category of cooperative management issues, and 20% discuss articles about the role of technology and how to grow productivity in an organization.

Financial Performance and Valuation Assessment of PT Gudang Garam Tbk in Comparison to PT. Hm Sampoerna and PT. Wismilak Inti Makmur

The Tobacco Products Industry (IHT) remains the primary sector as one of the largest contributors to the national economy through excise. The tobacco or cigarette processing industry amounted to IDR 21.96 trillion in the first quarter of 2022. This value grew 0.98% compared to the same period the previous year (year on year/yoy) of IDR 21.75 trillion. This final task will aim to assess the performance finance PT. Gudang Garam Tbk for the last five years has provided recommendations to PT. Gudang Garam tbk in increasing company profits and sales. Ultimately to achieve management goals and provide optimal returns to investors. Financial ratio analysis carried out in this project includes profitability ratios, liquidity ratios, solvency ratios, market ratio, activity ratio, and intrinsic value of GGRM companies using the free cash flow to the firm (FCFF) method. The study results show that GGRM has good performance and the valuation results using the FCC method show that the intrinsic value of the shares is IDR 112,775, while the stock market price is IDR 17,100 (As of January 16, 2023), so the value of the shares is stated to be undervalued.