Indofood CBP Sukses Makmur Research Articles

Aplikasi Geometric Brownian Motion dengan Jump Diffusion dalam Memprediksi Harga Saham Liquid Quality 45

At the beginning of 2021, stock LQ45 experienced a significant spike in stock prices, making the stock price difficult to predict and the profits obtained by investors uncertain. The purpose of this study is to predict the stock price of LQ45 using the Geometric Brownian Motion model with Jump Diffusion and determine investment by comparing the expected return and return of stock price prediction results. This study uses a Geometric Brownian Motion model with Jump Diffusion to predict stock prices because it can predict when stock prices experience price spikes and fluctuations. Based on the results of the study, of the 45 stocks listed on LQ45 stock, only nine stock companies were selected that had a normally distributed return whose stock price was predicted by applying the Geometric Brownian Motion model with jump-diffusion and each MAPE value obtained was in the very good category. There are six stock companies with investment decisions in the form of buying shares, including Ace Hardware Indonesia Tbk, Bank Central Asia Tbk, Charoen Pokphand Indonesia Tbk, Indofood CBP Sukses Makmur Tbk, Vale Indonesia Tbk and Indah Kiat Pulp Paper Tbk. Three stock companies with investment decisions in the form of selling shares including, Bank Rakyat Indonesia (Persero) Tbk, Jasa Marga (Persero) Tbk and Mitra Keluarga Karyasehat Tbk.

Pengaruh Motivasi Kerja, Loyalitas dan Kualitas Karyawan Terhadap Kinerja Karyawan di PT. Indofood CBP Sukses Makmur Tbk

Human resources have a very important role in supporting the sustainability of a company or organization. The purpose of this study was to analyze the effect of work motivation, loyalty and quality of employees on employee performance at PT. Indofood CBP Sukses Makmur Tbk, Noodle Division, Bekasi West Java Branch. Respondents in this study were 130 employees from a total population of 2620 employees who were divided into permanent employees and contract employees, spread several departments with a sampling technique using stratified random sampling. The data analysis used in this study includes descriptive analysis of respondents, multiple linear regression analysis and multivariate ANOVA test. The results showed that: 1) work motivation had a significant effect on employee performance. 2) Loyalty had a significant effect on employee performance. 3) Employee quality had a significant effect on employee performance. 4) Work motivation, loyalty and quality of employees together significant affect employee performance. 5) Contract employees have better work motivation, 6) permanent employees have loyalty, employee quality and better performance, it can be seen from how permanent employees are better able to analyze, assess, create and make decisions on problem-solving and are able to find solutions to a problem that is around. Keywords: employee performance, employee quality, loyalty, work motivation

Liquidity Ratio Analysis in Measuring Company Financial Health at PT. Indofood CBP Sukses Makmur Tbk

The liquidity ratio will be used to assess PT. Indofood CBP Sukses Makmur Tbk's ability to meet its obligations to pay short-term debt. The current ratio, quick ratio, cash ratio, and inventory to net working capital ratios will be used to analyze PT. Indofood CBP Sukses Makmur Tbk's ability to pay short-term debt. The approach used in this study is a qualitative descriptive analysis method from a financial standpoint, reporting data from PT. Indofood CBP Success Makmur. Tbk. from 2015 to 2019. The data showed that PT. Indofood CBP Success Makmur. Tbk. had a very good liquidity ratio from 2015 to 2019. With a current ratio of 233 percent, a quick ratio of 183 percent, a cash ratio of 116 percent, and an inventory to net working capital ratio of 43 percent, the company is in good shape.

Analisis Determinan Harga Saham Syariah pada PT. Indofood CBP Sukses Makmur Periode 2015-2019

This article aims to analyze the influence of Earnings Per Share and Net Profit Margin on islamic stock prices in PT. Indofood CBP Sukses Makmur period 2015-2019. The issue is focused on discussing the impact of Earnings Per Share and Net Profit Margin on islamic stock prices. To approach this problem is used reference to signal theory. The data used is quarterly from March 2015 to December 2019. Research data was obtained from official sources, namely the Indonesia Stock Exchange (IDX) and the Jakarta Islamic Index (JII). The data analysis technique used was multiple linear regression. This review concluded that Earnings Per Share has a negative and significant influence on islamic stock prices, while Net Profit Margin has a positive and significant influence on islamic stock prices.

Corporate Financial Performance in the COVID-19 Pandemic

The purpose of this study was to determine the condition of the company’s financial performance during the COVID-19 pandemic measured by the ratio of liquidity, solvency, profitability, and activity. The type of data used in this research is secondary data including financial reports in consumer goods companies in the food & beverage sub-sector, pharmaceutical companies, and telecommunications companies listed on the Indonesia Stock Exchange (IDX) in 2020. The financial report data is processed using the finance ratios including liquidity ratios (current ratio, quick ratio), solvency ratio (Debt to Assets Ratio, Debt to Equity Ratio), activity ratios (Fixed Assets Turnover, Total Assets Turnover Ratio), and profitability ratios (Gross Profit Margin, Return on Equity), Return on Investment). Then draw conclusions from that ratio analysis, and make further analyses. From the research results obtained by PT. Indofood CBP Sukses Makmur based on the liquidity ratio, the solvency ratio is declared good, the activity ratio and the profitability are declared less efficient and optimal, but the GPM is declared good. Then the financial performance of PT. Telekomunikasi Indonesia based on the liquidity ratio is stated to be not good, the solvency ratio is stated to be quite good, the activity ratio seen from the FATO and TATO analysis is stated to be not good enough and less efficient, based on the profitability ratio GPM is declared good, while the ROE and ROI are stated to be less efficient and not optimal. Furthermore, the financial performance of PT. Kalbe Farma Tbk based on the liquidity ratio is declared good, solvency is declared good enough, activity is declared not good or efficient, profitability as seen from the GPM analysis is declared good but ROE and ROI are declared less efficient.

PENGARUH NET PROFIT MARGIN DAN EARNING PERSHARE TERHADAP HARGA SAHAM SYARIAH DI PT. INDOFOOD CBP SUKSES MAKMUR TANJUNG MORAWA TAHUN 2015-2019

As we know that share ownership is proof that the person concerned is part of the owner of the company. The bigger the shares he owns, the greater his power in the company. There is also a major factor that causes stock prices to change, namely the different perceptions of each investor according to the information they have. These different perceptions occur due to different analyzes used by investors.The cause of changing stock prices is that which affects stock prices, one of which is the announcement of the company's financial statements including Net Profit Margin and Earning Pershare and others. This study aims to determine how the effect of Net Profit Margin and Earning Pershare on Sharia Stock Prices at PT. Indofood CBP Sukses Makmur 2015-2019. The research method used is the classical assumption test, multiple linear regression test, and hypothesis testing. The sample in this study is the Company Financial Statements of PT. Indofood CBP Sukses Makmur 2015-2019. The data used in this research is secondary data.The results showed that partially Net Profit Margin had an effect of 1.697 with a significant level of 0.049 on Sharia Stock Prices. And Earning Pershare has no influence with a value of 0.606 with a significant level obtained of 0.547 on Sharia Share Prices. Simultaneously, Net Profit Margin and Earning Pershare affect the Sharia Stock Price of 31,222 with a significant level of 0,000.Meanwhile, the result of the determinant coefficient (R2) shows that the effect of Net Profit Margin and Earning Pershare has an effect of 0.016% on disclosure. This shows that 16% of disclosure is influenced by Net Profit Margin and Earning Pershare. While the remaining 84% is influenced by other variables not examined in this study.

Analisa Penjadwalan Order Distribusi Produk di PT. Indofood CBP Sukses Makmur Medan Menggunakan Algoritma Genetika

The existence of computers has even replaced many human workers, both in business and industry. This cannot be faulted because it is proven that the computerized system is much more efficient and profitable for the company than the manual system (with human labor). Almost every company, especially those that are developing and advancing, are currently competing to computerize their company's systems, to improve work efficiency and effectiveness. At PT. Indofood CBP Sukses Makmur Medan, especially those that produce goods, always occurs in the process of producing, storing, and selling products. With the application design carried out in the making of this research is the storage of input and output of data from existing goods, namely by managing all data on goods in the warehouse in a computerized system. Then the arrangement of incoming goods and outgoing goods in the warehouse rack pallets is arranged as optimally as possible by using the Genetic Algorithm method. The scheduling at PT. Indofood CBP Sukses Makmur Medan, which is a schedule of orders given to sales that can be on that day. Next, distribution orders are scheduled on the day, hour, and sales working. In optimizing the preparation of the distribution order schedule using the genetic algorithm, four parameters are needed, including the number of goals, the number of sales, the order crossover and mutation probability. In designing a product distribution order scheduling system at PT. Indofood CBP Sukses Makmur Medan consists of a login form, order data, sales data, destination data, time data, genetic algorithm processing and logout.

Pengaruh Earning Per Share dan Price to Book Value terhadap Harga Saham Pada PT. Indofood CBP Sukses Makmur, Tbk

The purpose of This study to find out the impact of Earning Per Share (EPS) and Price to Book Value (PBV) to the stock price of PT. Indofood CBP Sukses Makmur, Tbk period of 2010-2019. Quantitative approach is used to find and analyze the impact of Earning Per Share (EPS) and Price to Book Value (PBV) variables through the stock value simultaneously or partially, and to find out which variables provide the most dominant to the stock price of PT. Indofood CBP Sukses Makmur, Tbk. Based on The Test Result of Simple Linear Regression, Multiple Linear Regression, and Determination Coefficients show that the variable influence strongly to the price stock, in Partial Test (T Test) variable Earning Per Share (PBV) is unrelated and not significant on stock prices and Price to Book Value (PBV) associated with and significant to stock prices. The test result between EPS and PBV on the stock prices of PT. Indofood CBP Sukses Makmur, Tbk using the Runs Test proves that there is no autocorrelation in this study, and based on the Simultaneous Test, both variables can be concluded as Earning Per Share (EPS) and Price to Book Value (PBV) together with as important and significant to the stock price of PT. Indofood CBP Sukses Makmur, Tbk

EXPECTED SHORTFALL PADA PORTOFOLIO OPTIMAL DENGAN METODE SINGLE INDEX MODEL (Studi Kasus pada Saham IDX30)

Stock investment is a commitment to a number of funds in marketable securities which shows proof of ownership of a company with the aim of obtaining profits in the future. For obtaining optimal returns from stock investments, investors are expected to form optimal portfolios. The optimal portfolio formation using the Single Index Model is based on the observation that a stock fluctuates in the direction of the market price. It shows that most stocks tend to experience price increases if the market share price rises, and vice versa. Selection of optimal portfolio-forming stocks on IDX30 using the Single Index Model method produces 4 stocks, that are BRPT (Barito Pacific Tbk.) with weight 31.134%, ICBP (Indofood CBP Sukses Makmur Tbk.) 17.138%, BBCA (Bank Central Asia Tbk.) 51.331% and SMGR (Semen Indonesia (Persero) Tbk.) 0.397%. Every investment must have a risk, for that investors need to calculate the possible risks that occur before investing. To calculate risk, Expected Shortfall (ES) is used as a measure of risk that is better than Value at Risk (VaR) because ES fulfill the subadditivity. At the 95% confidence level, the ES value is 23.063% while the VaR value is 10.829%. This means that the biggest possible risk that an optimal portfolio investor will receive using the Single Index Model for the next five weeks is 23.063%.Keywords : Portfolio, Single Index Model, Expected Shortfall, Value at Risk.

ANALISIS PENGARUH STRUKTUR MODAL, PERTUMBUHAN PERUSAHAAN DAN PROFITABILITAS TERHADAP NILAI PERUSAHAAN (STUDI KASUS PADA PERUSAHAAN FOOD AND BEVERAGES YANG TERDAFTAR DI BURSA EFEK INDONESIA LQ45)

In this globalization era, every company both small and large companies compete with each other with the aim to maintain and advance the life of the company. In this study the profitability ratio is measured by return on equity (ROE). Return on equity (ROE) is a ratio that shows the company's ability to generate net income for return on shareholders' equity. In this study, the sample that will be used is consumer goods companies listed in LQ45 for the period of 2012 to 2016. LQ45 is chosen based on the availability of complete financial statement data, companies listed in LQ45 have been categorized as having a level of liquidats, profitability and company value from year after year is in good condition compared to companies that are not listed in LQ45, so it is expected that testing of the ratios can be done thoroughly in accordance with the objectives of this study. Food and Beverage Companies in LQ45 which the authors make as a sample of this research are: PT. Unilever Indonesia, Tbk (UNVR), PT. Indofood Sukses Makmur, Tbk (INDF), PT. Indofood CBP Sukses Makmur, Tbk (ICBP). The test results prove that: partially, the Capital Structure (DER) of the Company has a positive effect on firm value, company growth has no effect on firm value, profitability has a negative effect on Company Value (PBV) and simultaneously capital structure, company growth, and profitability have an effect on the value of the company. To increase its growth, food and beverage companies listed on the IDX LQ45 must pay attention to capital structure by utilizing productive use of debt to increase company value.

ANALYSIS OF LIQUIDITY, SOLVENCY, AND PROFITABILITY RATIOS TO ASSESS THE COMPANY FINANCIAL PERFORMANCE OF PT. INDOFOOD CBP SUKSES MAKMUR, TBK

The purpose of this study was to assess the company financial performance of PT. Indofood CBP Sukses Makmur, Tbk using financial ratio analysis for the period 2016-2018. The financial ratios used are liquidity, solvency, and profitability. This type of research is a case study. Data collection techniques used are documentation and literature. The results of this study indicate that the liquidity ratio in 2016-2018 can be seen from the current ratio, which is good. The quick ratio in 2016 and 2017 results are good, while in 2018 it is not good. The cash ratio in 2016-2018 are good. The solvency ratio measured using DAR in 2016 and 2017 are not good while in 2018 is good. The DER in 2016-2018 is good. ROA profitability ratio in 2016-2018 results are not good, ROE in 2016-2018 results are not good, GPM in 2016-2018 results are good, and NPM in 2016-2018 results are not good, OPM in 2016-2018 results are not good, and ROA in 2016- 2018 results are not good.
 
 Keywords: Liquidity , Solvency, Profitability Ratios.

DAMPAK KEBIJAKAN ANGGARAN PEMASARAN TERHADAP VOLUME PENJUALAN PRODUK MIE INSTAN PT INDOFOOD CBP SUKSES MAKMUR, TBK DI KOTA BAUBAU

This study aims to 1) analyze the influence of the marketing budget policy on the volume of product sales of instant noodles in the PT. Indofood CBP Sukses Makmur, Tbk in Baubau, 2) a portrait of the volume of product sales of instant noodles in the PT. Indofood CBP Sukses Makmur, Tbk in Baubau. In this study the research variables consisted of the dependent variable is the volume of sales, and independent variables consisting of distribution costs, advertising costs, costs outlets, and promotional costs. Apart from that necessary support is also variable: the number of workers, the number of receipts of goods, the amount of budget, schedule the use of budgets, types of sales activities, and the selling price. Data were analyzed using multiple linear regression analysis, and trend analysis of sales volume. The study produced several conclusions, among others, promotional costs, advertising costs, costs associated outlets and distribution costs and simultaneously positively and significantly influenced the partial volume of product sales of instant noodles in the PT. Indofood CBP Success prosperous, Tbk Baubau. Based on the value of elasticity, promotional expenses increased 1% then it will increase the sales volume of 0.004%, advertising expenses increased 1% then it will increase the sales volume of 0.002%, expenses increased 1% then the outlet will increase the sales volume of 0.001%, and distribution costs increased 1%, then will increase the sales volume of 0 001%. Volume sales of instant noodle products at PT. Indofood CBP Sukses Makmur, Tbk Baubau from 2010 to 2014 has increased by an average of 159.406 billion rupiahs per year while the year 2011 to 2015 the average sales volume will reach 197.315 billion rupiahs per year.
 Keywords: marketing budget policies and trends in sales volume.

ANALISIS PERPUTARAN KAS, PERPUTARAN PIUTANG, DAN PERPUTARAN PERSEDIAAN TERHADAP GROSS PROFIT MARGIN (GPM) PADA PERUSAHAAN MANUFAKTUR SUB SEKTOR MAKANAN DAN MINUMAN YANG TERDAFTAR DI BURSA EFEK INDONESIA (BEI) TAHUN 2011-2015

Penelitian bertujuan untuk mengetahui pengaruh perputaran kas, perputaran piutang, dan perputaran persediaan terhadap Gross Profit Margin (GPM) pada perusahaan manufaktur sub sektor makanan dan minuman yang terdaftar di Bursa Efek Indonesia (BEI) tahun 2011 - 2015 sehingga diharapkan dapat bermanfaat bagi pihak perusahaan manufaktur sub sektor makanan dan minuman di Indonesia sebagai bahan masukan dalam upaya meningkatkan laba kotor serta diharapkan dapat membuat kebijakan baru dalam kegiatan operasionalnya sehingga dapat meningkatkan laba kotor perusahaan manufaktur sub sektor makanan dan minuman di Indonesia. Jenis penelitian ini adalah penelitian kausal yang bertujuan menguji hipotesis tentang pengaruh variabel independen terhadap variabel dependen dengan pendekatan deskriptif kuantitatif. Populasi dalam penelitian ini yaitu perusahaan manufaktur sub sektor makanan dan minuman yang terdaftar di Bursa Efek Indonesia (BEI) periode 2011-2015 yang terdiri dari 14 perusahaan. Dengan teknik sampling yang digunakan adalah random sampling yaitu teknik penentuan sampel secara acak. Maka diperoleh 6 perusahaan, yaitu PT Indofood CBP Sukses Makmur Tbk (ICBP), PT Indofood Sukses Makmur Tbk (INDF), PT Mayora Indah Tbk (MYOR), PT Nippon Indosari Corpindo Tbk (ROTI), PT Siantar Top Tbk (STTP), dan PT Ultra Jaya Milk Industry and Trading Company Tbk (ULTJ). Alat uji analisis yang digunakan adalah analisis regresi berganda. Hasil penelitian ini menunjukkan bahwa Perputaran Kas terhadap Gross Profit Margin (GPM) secara parsial menunjukkan hasil bahwa terdapat pengaruh negatif signifikan, Perputaran Piutang terhadap Gross Profit Margin (GPM) secara parsial menunjukkan hasil bahwa terdapat pengaruh negatif signifikan, Perputaran Persediaan terhadap Gross Profit Margin (GPM) secara parsial menunjukkan hasil bahwa terdapat pengaruh positif signifikan. Secara simultan Perputaran Kas, Perputaran Piutang, dan Perputaran Persediaan memiliki pengaruh positif signifikan terhadap Gross Profit Margin (GPM) sebesar 80,8 %.
 
 Kata Kunci : Perputaran Kas, Perputaran Piutang, Perputaran Persediaan, Gross Profit Margin (GPM).

EFFECT OF EXCHANGE RATE AND INTEREST RATES SBI RUPIAHS TO GAIN SHARE PT. INDOFOOD SUKSES MAKMUR TBK

This study aimed to determine the effect of exchange rate and interest rate SBI to simultaneously benefit the company's shares, determine the effect of the exchange rate to gain partial shares of the company and determine the effect of SBI interest rate of the company's stock price partially. The study was conducted at PT. Indofood CBP Sukses Makmur Tbk. The data used for 4 years were taken monthly or as many as 48 data. The data is sourced from the website of Bank Indonesia, Foam Indonesia, and the World Investment Securities. Based on data analysis known that the variable exchange rates and interest rates SBI affect the company's stock gains simultaneously. Calculated F value of 16.943 with a significance of 0.00. The significance value of less than 0.05 is the value of alpha. R squared value of 43.0%. It means variable exchange rate and the SBI interest rate effect on profit shares of the company amounted to 43.0% while the rest influenced by other variables not included in the model equations. The exchange rate has no effect on the company's stock gains were studied. T value of 0.872 with a significance value of 0.388. The significance values greater than 0.05. R squared value of 1.6%. This value shows the effect of the exchange rate variable to stock gains of 1, 6% and the rest is influenced by other variables that are not included in the analysis tables. Variable SBI affects the profit shares of the company being investigated. T value of 4.498 with a significance value of 0.00. The significance value less than 0.05. R squared value of 30.5%. This value indicates the SBI variables influence on stock gains of 30.5% and the rest is influenced by other variables that are not included in the analysis tables.

Analisis Capital Asset Pricing Model Dalam Pengambilan Keputusan Investasi Saham Studi Kasus: Perusahaan Yang Tergabung Di Indeks IDX30

The purpose of this study was to determine the CAPM method used in making stock investment decisions in companies incorporated in the IDX30 Index. The results of research based on the analysis of Capital Asset Pricing Model states that investment decisions made on stocks are not efficient or not good, which is to consider selling these shares. The shares that have inefficient stock evaluation are: Adhi Karya, AKR Corporindo, Bank Rakyat Indonesia, Bank Mandiri Indonesia, Bumi Serpong Damai, Charoen Phokpand, Indofood Sukses Makmur, Lippo Karawaci, Matahari Department Store, Media Nusantara Citra, Gas Company State, PP Properti, Summarecon Agung, Sawit Sumbermas Sarana and Waskita Karya. The stocks that have efficient stock evaluation are: Adaro Energy, Astra International, Bank Central Asia, Bank Negara Indonesia, Gudang Garam, HM Sampoerna, Indofood CBP Sukses Makmur, IndoCement Tunggal Prakasa, Kimia Farma, Pakuwon Jati, Semen Gresik, Sri Rejeki Isman, Telekomunikasi Indonesia, United Tractors and Unilever Indonesia. Based on calculations and decisions to invest through the above CAPM method, the authors decide to invest in some companies with consideration of the company's shares affecting changes in the market with systematic risk (β) is good, have an efficient stock evaluation. The companies are Bank Central Asia, Bank Negara Indonesia, Gudang Garam, IndoCement Tunggal Prakasa, United Tractors and Unilever Indonesia.

METODE DU PONT SYSTEM UNTUK MENILAI KINERJA KEUANGAN PADA PERUSAHAAN FOOD AND BAVERAGE YANG TERDAFTAR DI BEI PERIODE 2013-2016

The purpose of this study was to determine the company's financial performance by usingthe method du pont system. This study uses financial statement data for the 2012-2015 period anduses the Du Pont System method with a focus on research on ROE which is influenced by EquityMultiplier, ROI influenced by Net Profit Margin and Total Turn Over Assets. The companies studiedwere three Food and Beverage Companies listed on the Stock Exchange, namely PT. Mayora Indah,PT. Three Pillars of Prosperity Tbk and PT. Indofood CBP Sukses Makmur Tbk. The results showedthat the return on investment resulting from the net profit margin, PT Indofood CBP Sukses MakmurTbk had a fairly stable return on investment every year even though it had experienced a decline in2013 and 2014 but experienced a return and obtained the largest percentage of net profit margin inthe year 2015 compared to two other companies. Fluctuations in return on investment or ROI areinfluenced by many factors, such as net profit margins and total assets turnover. The net profit marginis derived from net profit (loss) divided by sales in each period, so that the net profit margin is affectedby the amount of sales, cost of goods sold, operating expenses which consist of sales expenses andgeneral and administrative expenses and other net expenses incurred in order to generate net incomein each period. Total assets turnover is also a factor that influences the rate of return on investmentROI obtained from sales divided by the total assets of the company each period. So that the totalassets turnover is influenced by the amount of assets owned by the company which consists of currentassets and non-current assets whose values differ in each period. Judging from the percentage ofROA generated from this study, PT Mayora Indah Tbk was able to produce the highest ROA and wasa very significant increase compared to the ROA generated in the previous year, because the resultswere almost twice the ROA of the previous year. PT Mayora Indah Tbk's Return On Equity is alsoconsidered good because of the highest ROE in each year compared to PT Tiga Pilar Sejahtera Tbkand PT Indofood CBP Sukses Makmur Tbk.

PEMBENTUKAN DAN PENGUJIAN PORTFOLIO SAHAM-SAHAM OPTIMAL: PENDEKATAN SINGLE INDEX MODEL

Buying stock is one of the way investors do to obtain profit from their money. Every investor should consider two important things, return and risk. To minimize the risk, one can diversify their investment by creating optimal portfolio, which consists of different stocks with optimal return and certain degree of risk. The aim of this research was to establish and determine the optimization of optimal portfolio composed by LQ45 stocks over the period of February 2011 to January 2015. The research was trying to create optimal portfolio from thirty-eight non-financial companies stocks listed in LQ45 using single index model. From the research, the optimal portfolio is composed of TLKM (PT Telkom Indonesia Tbk), BMTR (PT Global Mediacom Tbk), JSMR (PT Jasa Marga Tbk), SSIA (PT. Surya Semesta Internusa Tbk), AKRA (PT AKR Tbk), MNCN (PT Media Nusantara Citra Tbk), WIKA (PT Wijaya Karya Tbk), ASII (PT Astra International Tbk), KLBF (PT Kalbe Farma Tbk), ASRI (PT Alam Sutera Realty Tbk), UNVR (PT Unilever Indonesia Tbk), ICBP (PT Indofood CBP Sukses Makmur Tbk), SMGR (PT Semen Indonesia Tbk), and only able to be used for six months. The optimal portfolio gives 0.242% returns for a week with 1.122 value of beta. Majority of the aggressive portfolio have higher return toward risk then portfolio moderate and conservative.

ANALISIS NON VALUE ADDED ACTIVITY MELALUI PENERAPAN ACTIVITY BASED MANAGEMENT UNTUK MENINGKATKAN EFISIENSI PT. INDOFOOD CBP SUKSES MAKMUR, Tbk CABANG BITUNG

Nowadays, the changes that occur in the business environment creates competitiveness between companies in terms of seizing the market. For these companies, one of the way to achieve excellence is by being constantly focused on improving their processes and activities, paying attention to quality, flexibility and cost efficiency. Along with the competition of manufacturing companies that occur these days, PT. Indofood CBP Sukses Makmur, Tbk Bitung Branch must be able to manage its activities effectively and efficiently in order to achieve competitive advantage. Ergo, what companies need to do to improve its efficiency is by managing the activities that occur without reducing the quality of their products provided to customers. This study aims to find out how the application of activity based management at PT. Indofood CBP Sukses Makmur, Tbk Bitung Branch and how non value added activity can improve the efficiency of the company. The data analyze used descriptive analysis with qualitative approach and activity based management method. Based on the research, it is indicated that some non value-added activities are still going on, and by applying the activity-based management method, there is no added-value by the company’s reduction cost. By using activity-based management method, the total overhead cost of the factory is reduced by Rp 2,384,750,669,84 or 20,30%.Keyword: Activity Based Management, Non Value Added Activity, Efficiency

PENGARUH PRICE EARNING RATIO (PER), EARNING PER SHARE (EPS), DEVIDEND YIELD RATIO (DYR), DIVIDEND PAYOUT RATIO (DPR), BOOK VALUE PER SHARE (BVS) DAN PRICE BOOK VALUE(PBV ) TERHADAP HARGA SAHAM PADA PERUSAHAAN SUBSEKTOR MAKANAN DAN MINUMAN YANG TERDAFTAR DI JAKARTA ISLAMIC INDEX (JII)

One of the financial ratios that can be used to provide information on how much society (investors) or shareholders appreciates the company, so they want to buy stockof the company at a higher price than the book value of stock is the ratio of share capital or market ratio. This research aims to prove the influence of PriceEarning Ratio (PER), Earning Per Share (EPS), Devidend Yield Ratio (DYR), Dividend Payout Ratio (DPR), Book Value per Share (BVS) and Price Book Value (PBV) Sharia shares. The sample in this research consists of two sub-sector food and beverage companies listed in Jakarta Islamic Index, namely PT. Indofood CBP Sukses Makmur, Tbk and PT. Indofood Sukses Makmur, Tbk. To explain the influence of these variables, the data obtained in this research were analyzed using multiple linear regression model. The result of T test shows that Price Earning Ratio (PER), EarningPer Share (EPS), Book Value Per Share (BVS) and Price Book Value (PBV) have an effect on stock price. Devidend Yield Ratio (DYR) and Devidend Payout Ratio (Parliament) partially have no effect on stock prices. F test results show that Price Earning Ratio (PER), Earning Per Share (EPS), Devidend Yield Ratio (DYR), Devidend Payout Ratio (DPR), Book Value Per Share (BVS), Price Book Value (PBV) simultanly have effect on stock prices. Keywords: Price Earning Ratio, Earning Per Share (EPS), Devidend Yield Ratio (DYR), Devidend Payout Ratio (DPR), Book Value Per Share (BVS), Price Book Value (PBV) and Sharia Stock Price

PENGARUHINVENTORY TURNOVER TERHADAPRETURN ON ASSETSPADA PT. INDOFOOD CBPSUKSES MAKMUR, Tbk TAHUN 2011-2015

The study aim the of was to find out the effect of Inventory Turnover on Return On Assets at PT. Indofood CBP Sukses Makmur Tbk. In this study, Inventory Turnover was considered variable and Return On Assets was dependent variable. The type of data used in this study was quantitative and the data source used was secondary. In collecting the data, documentation and biblio graphy were used. The data of the study was analized by calculating Inventory Turnover and Return On Assets, comparing Inventory Turnover and Return On Assets, the last five years in the quarter, that Inventory Turnover PT. Indofood CBP Sukses Makmur, Tbk 2011-2015 period experienced fluctuation, caused by sales and inventory that also experienced fluctuation. Inventory Turnover rotates one to three laps, meaning that the company is able to effectively manage the Inventory Turnover. Return On Assets (ROA) PT. Indofood CBP Sukses Makmur Tbk period 2011-2015 has fluctuated due to net profit and increase of total asset that also fluctuated.Every increase Inventory Turnover then Return On Assets will increase. Using simple regression analysis, Determination Cooficient (R square), and t-test. By sed on the simple linear reqression equation. It showed that the Inventory Turnover had a positive effect on the Return On Assets. In addition, the result of t-test also showed that Inventory Turnover had a significant effect on Return On Assets.Keywords:Inventory Turnover, Return On Assets, financial performance