Kimia Farma Research Articles

Comparison of Financial Performance in Pharmaceutical Industry Companies

This research aims to evaluate the financial performance of PT Kimia Farma (Persero) Tbk, PT Indofarma (Persero) Tbk, and PT Kalbe Farma (Persero) Tbk during the 2016-2022 period using liquidity, profitability, leverage, activity, and efficiency ratios as comparison metrics. The research applies quantitative descriptive analysis through ratio calculations, and is classified as explanatory research with a quantitative approach. The DuPont System Analysis, which highlights the Net Profit Margin, is also employed. The findings reveal that PT Kalbe Farma (Persero) Tbk and PT Kimia Farma (Persero) Tbk showed improved financial performance in 2016-2022, characterized by an increasing liquidity ratio, indicating better debt management. In contrast, PT Indofarma (Persero) Tbk experienced a decline in its liquidity ratio, signifying poorer debt management. Additionally, all three companies—PT Kalbe Farma (Persero) Tbk, PT Indofarma (Persero) Tbk, and PT Kimia Farma (Persero) Tbk—saw declining profitability ratios during this period, reflecting lower profits, which can be considered unfavorable. Overall, while PT Kalbe Farma (Persero) Tbk and PT Kimia Farma (Persero) Tbk had relatively stable financial performance, PT Indofarma (Persero) Tbk's performance was less favorable throughout 2016-2022.

Analisis Kelayakan Pengembangan Bisnis Sayuran Hidroponik (Studi Kasus Kebun Gizi Hidroponik Pondok Pesantren Hidayatullah Depok)

Hydroponic Nutrition Garden at Hidayatullah Islamic Boarding School Depok is a Corporate Social Responsibility (CSR) program of Kimia Farma that utilizes the potential of Islamic boarding schools to support the development of economic independence at Hidayatullah Islamic Boarding School Depok. The demand for hydroponic vegetables in this nutrition garden continues to increase, but the amount of production has not met this demand, therefore it needs development. The results of the analysis on non-financial aspects state that the development of a hydroponic vegetable business is feasible based on market, technical, management, legal, social, economic, cultural and environmental aspects. Results of financial aspect analysis based on NPV with a value of Rp. 140,052,675 and Rp. 205,508,544, IRR with a value of 57% and 68%, Net B/C with a value of 6.43 and 6.96, Payback Period with a period of 1 year 8 months and 1 year 6 months, and Incremental Net Benefit with a value of Rp. 65,455,869 show that the business is feasible to run either without or with development.

The Relationship Career Adaptability on Employee Turnover and Mediation Role of Perceived Overqualification at PT. Kimia Farma Diagnostika

The goal of this study was to identify the effect of career adaptability on turnover intention and to analyze the mediation role of perceived overqualification on employees of PT. Kimia Farma Diagnostika. This study involved 80 respondents with a quantitative approach and SEM-PLS multivariate analysis method for data analysis. This research found that career adaptability showed a positive and significant effect on turnover intention. In addition, it was also found that perceived overqualification partially mediated the relationship between career adaptability and turnover intention. The practical implications of this study are to provide insight to the management of PT. Kimia Farma Diagnostika to design more effective employee retention strategies. Further research is recommended to expand the scope of analysis at the organizational level, consider additional moderating variables, and address existing limitations. Thus, this study makes an important contribution to understanding and addressing employee retention issues in these companies.

Customer Segmentation Using the K-means Clustering Algorithm and Recency Frequency Monetary Model at Pharmaceutical Product Wholesaler

PT Kimia Farma Trading and Distribution (KFTD) is a company engaged in the distribution and trading services of Indonesian health products, on a national scale. In 2022, the company aims to increase sales to be awarded as one of the top 3 national pharmaceutical product distributors by 2024. Their current strategy is to provide customers with delayed payment permission and integrated complaint services. However, the offers and services are the same for all customers which does not consider customer track record hence it is not cost-effective. One way to increase sales is by enhancing customer satisfaction and loyalty by implementing Customer Relationship Management (CRM) strategies. Several strategies can be carried out, namely analysis of associations related to pharmaceutical products, and analysis of customer segmentation and clustering of products. The method used in this study was the K-means clustering algorithm combined with the Recency Frequency Monetary (RFM) model. Experiments showed that the optimal clustering results are 4 therefore they are categorized into 4 customer segments, namely Superstar, Golden, Typical, and Occasional Customers.

Analysis of Ramadhan Effect on Fast Moving Consumer Goods (FMCG) Sector Companies in Indonesia Sharia Stock Index 2020 - 2023

Indonesia is a country with a majority Muslim population and is listed as the first country with the largest Muslim population in the worl. With investment levels also increasing and a Muslim-majority population, this will greatly support researchers in conducting research related to sharia shares. This research investigates the existence of an anomaly effect. Where this effect is supported by religious situations and conditions, namely the month of Ramadan, so it is called the Ramadan effect which has also been widely documented by researchers, with the FMCG (Fast Moving Consumer Good) company sector indexed by Indonesian sharia shares from 2020 to 2023 as the object of this research. The GARCH method is the model used in this research. Introduced by Bollerslev in 1986. This research was conducted quantitatively using secondary data on daily closing stock prices. The results of this research show that there is no effect of Ramadan on returns or volatility in FMCG (Fast Moving Consumer Good) sector shares listed on the Indonesian Sharia Stock Index (ISSI). There are only 3 companies that have a Ramadan effect on stock returns, including PT Martina Berto Tbk., PT Prima Cakrawala Abadi Tbk., and PT Sekar Bumi Tbk., then on volatility there are also 3 companies that have a Ramadhan effect, including PT Pantai Indah Kapuk Dua Tbk. ., PT Sekar Bumi Tbk., and PT Kimia Farma Tbk.. However, it was found in this research that in the month of Ramadan all the returns of the companies studied produced positive values with the majority of volatility being low.

The position of state-owned enterprises: Towards a health sector super holding company paradigm

Purpose: In Indonesia, the State-Owned Enterprises holding in the healthcare sector operates under the mandate of Article 33 of the 1945 Constitution, consisting of two main holding companies: PT. Bio Farma (Persero), which includes PT Kimia Farma, PT Indofarma, and PT Inuki, as well as Pertamedika IHC that manages SOE hospitals nationwide. The overlap in business activities between PT. Bio Farma and Pertamedika IHC suggests the potential for establishing a super healthcare holding. Method: This research, conducted normatively, evaluates the principles and legal norms for creating such a super holding, referencing the legislative framework and Constitutional Court decisions. Result: The proposed super holding would adopt a modern corporate structure led by a Chief Executive Officer, akin to Temasek in Singapore or Khazanah in Malaysia. The establishment of a super healthcare holding company involves PT. Bio Farma with its 410 healthcare clinics and Pertamedika IHC as the parent holding of SOE hospitals, which manages 75 hospitals and 143 healthcare clinics throughout Indonesia. Conclusion: However, legal challenges, including the state's financial status and the legal relationships between parent and subsidiary companies, necessitate amendments to Law No. 19 of 2003 on SOEs to provide a stronger legal foundation for the formation of the super holding.

Analysis of Brand Image, Product Quality, and Promotional Strategies towards Consumer Purchase Decisions: Evidence from Kimia Farma Pharmacy Mataram, Indonesia

Analysis of Brand Image, Product Quality, and Promotional Strategies towards Consumer Purchase Decisions: Evidence from Kimia Farma Pharmacy Mataram, Indonesia

Examining Brand Image, Product Assortment, and Service Quality over Consumer Purchase Intentions for Over-the-Counter Products in Banjarmasin Pharmacy

This research aims to determine and analyze the influence of brand image, product assortment and service quality, both partially and simultaneously, on purchasing decisions for OTC products at Kimia Farma 61 Veteran pharmacy. The research population was all customers who came to Kimia Farma 61 Veteran pharmacy. The sampling technique used was accidental sampling and to determine the sample size using the Lemeshow formula. Based on calculations using the Lemeshow formula, a sample of 96.04 was obtained which was rounded up to 100 customers. The data analysis method used is multiple linear regression analysis. The results of the research found that brand image partially had a positive and significant effect on the decision to purchase OTC products at Kimia Farma 61 Veteran pharmacy with a calculated t value of 4.079 > t table 1.985 and a significance value of 0.000 < 0.05, product assortment partially had a positive and significant effect on decision to purchase OTC products at Kimia Farma 61 Veteran pharmacy with a calculated t value of 4.398 > t table 1.985 and a significance value of 0.000 < 0.05, and service quality partially has a positive and significant effect on the decision to purchase OTC products at Kimia Farma 61 Veteran pharmacy with value t count 3.664 > t table 1.985 and significance value 0.000 < 0.05. Furthermore, brand image, product assortment and service quality simultaneously have a positive and significant influence on the decision to purchase OTC products at Kimia Farma 61 Veteran pharmacy with a calculated F value of 158.948 > F table 2.70 and a significance value of 0.000 < 0.05.

EDUKASI LANGKAH-LANGKAH PENGGUNAAN OBAT KONTRASEPSI (PIL KB) KOMBINASI YANG AMAN

Individuals and couples' reproductive health greatly benefits from the use of contraception since it enables them to plan and manage pregnancy. The general public is intended to receive information regarding the usage of combined birth control pills from this health promotion. In August and September, events were held at the Kimia Farma Veteran Banjarmasin drugstore. A pretest and posttest are used to evaluate the activities. 26 women, most of whom were in their 21s to 40s and prolific, attended the event. The findings of the pretest, which had an average percentage of accurate answers of 75.34%, and the posttest, which had an average percentage of correct answers of 99.2%, differ from one another. The findings indicate a rise in public awareness, which should influence how the general public and patients behave when taking combined birth control tablets as prescribed

Analysis of the Implementation of Total Quality Management (TQM) through Competitive Advantage on Company Performance: Study in the Pharmaceutical Industry of PT Kimia Farma Tbk Indonesia

Analysis of the Implementation of Total Quality Management (TQM) through Competitive Advantage on Company Performance: Study in the Pharmaceutical Industry of PT Kimia Farma Tbk Indonesia

The Influence of image and product attributes on customer satisfaction and its implications for customer loyalty of Kimia Farma Apotek (KFA) in the Bandung City area

The retail segment has the largest contribution to the total net sales value of Kimia Farma Group, which is run by the company's subsidiary, PT Kimia Farma Apotek (KFA). Kimia Farma's retail segment is experiencing a relatively non-ideal revenue trend from 2017 to 2022. The main challenges faced are the purchasing power of the community, the increasingly fierce level of competition, and risks related to customer loyalty. Based on this background, this study aims to examine the effect of Kimia Farma's image and product attributes on customer loyalty, both directly and indirectly through customer satisfaction. The research was conducted with a quantitative approach at the Kimia Farma Pharmacy in Bandung, with the unit of observation being Kimia Farma pharmacy customers in Bandung City. The sample was 235 respondents, who were taken using the Multistage Random Sampling technique. Structural Equation Modeling was used to conduct causality analysis. The results revealed that: Kimia Farma's image and product attributes play a role in shaping customer satisfaction, but have no direct impact in creating customer loyalty; customer satisfaction plays a role in creating customer loyalty; customer satisfaction mediates the effect of Kimia Farma's image and product attributes on customer loyalty; product attributes have a greater role than Kimia Farma’s image in encouraging customer satisfaction which will create customer loyalty. This research provides managerial benefits for increasing customer loyalty at Kimia Farma Pharmacy in Bandung City, by increasing customer satisfaction, which is supported by the development of product attributes and the image of Kimia Farma.

SAP Integration Boosts Financial Transparency in Indonesia

This study evaluates the implementation of the SAP system at PT. Kimia Farma Pharmacy Sidoarjo Business Unit and its impact on financial report transparency. Using a descriptive qualitative method involving interviews, observation, and documentation, the research found that only four of nine SAP modules are used, yet the system is well-implemented. The SAP system enhances financial report transparency by meeting key transparency characteristics, thereby reducing fraud and ensuring accurate financial disclosures. This suggests that even partial SAP implementation can significantly improve financial transparency. Highlight: Limited Modules: Four of nine SAP modules are effectively utilized. Transparency Boost: SAP system enhances financial report transparency significantly. Fraud Reduction: Improved transparency reduces fraud and ensures accurate financial disclosures. Keyword: SAP system, financial transparency, qualitative analysis, Kimia Farma, financial reporting

FAKTOR-FAKTOR YANG MEMPENGARUHI INCOME SMOOTHING

Operating profit margin and financial leverage have increased and fluctuated but income smoothing has not completely increased, and vice versa. The practice of profit equalization phenomenon emerged to reduce fluctuations in reported profits. Another case that occurred at the Kimia Farma company, carried out profit equalization actions, allegedly marking up net profit in the 2019 financial report, in the financial report it was able to obtain a profit of IDR 132 billion. However, the reported profit is different from the actual profit of IDR 132 billion. However, the reported profit was IDR 99 billion. In another case at Indofarma Tbk, goods were found to be of higher value than they should be. As well as having an impact on profits. The aim of this research is to analyze operating profit margin and financial leverage which have an impact on income smoothing. The population in this study is the number of food and beverage companies registered on the IDX. The sampling technique used criteria so that there were 14 samples in this study. Data analysis using regression analysis. The results obtained were up to 8 companies that experienced fluctuating data from operating profit margin and financial leverage as well as income smoothing. The research results state that financial leverage has no significant effect on income smoothing, while operating profit margin has an effect on income smoothing.

Analisis Faktor-Faktor yang Berpengaruh terhadap Customer Satisfaction pada Aplikasi Mobile Health

The COVID-19 pandemic has brought positive changes to the digital health industry in Indonesia. Kimia Farma Mobile is a mobile health application that offers comprehensive features for its users. The difference in ratings on Google Play Store and Apple App Store can influence trust (brand trust) and customer satisfaction with this application. The quality of electronic services, such as application interface, delivery quality, and transaction security, is increasingly crucial in influencing customer evaluations and ratings. Therefore, this research aims to analyze the factors influencing customer satisfaction with this application. The research was conducted quantitatively online through Google Form. The sampling method used convenience sampling and was analyzed using Structural Equation Modeling-Analysis Moment of Structural (SEM-AMOS). The research findings indicate that e-service quality significantly affects brand trust and customer satisfaction. This suggests that to improve brand trust and customer satisfaction, the mobile health application should be user-friendly and secure. Furthermore, brand trust significantly influences customer satisfaction. This implies that to enhance customer satisfaction, the mobile health application should provide educational and accurate information and offer customer guarantees.

The Influence Of Profitability And Financial Leverage On Earnings Management And Its Impact On The Value Of Manufacturing Companies In The Indonesian Stock Ex-change (Case Study Of The Automotive Sub-Sector Period 2018-2022)

The practice of income smoothing still occurs in the Indonesian economy. There are sever-al cases of income smoothing that have occurred, including at PT. Kimia Farma Tbk, PT and Lippo Tbk where these companies have published different financial reports. The purpose of this research is to determine the direct effect of profitability on income smoothing, fi-nancial leverage on income smoothing, profitability on company value, financial leverage on company value, the indirect effect of profitability on company value through income smoothing, financial leverage on company value through income smoothing and Income smoothing has a direct effect on company value. This research uses a mixed method. The population used in this research is automotive sub-sector manufacturing companies listed on the Indonesia Stock Exchange for the 2018-2022 period. The sampling method is to use a purposive sampling technique so that the samples obtained are 50 samples. The re-search results show that there is no direct influence of profitability on income smoothing, there is no direct influence of financial leverage on profit smoothing, there is a direct influ-ence of profitability on firm value, there is no direct influence of financial leverage on firm value, there is no indirect influence income smoothing between profitability and company value, there is no indirect effect of income smoothing between financial leverage on com-pany value and there is no direct effect of income smoothing on company value.

Comparison of Stock Prediction Using ARIMA Model with Multiple Interventions of Step and Pulse Functions

Stock price predictions based on technical analysis using historical data help investors determine the optimal time to buy or sell shares with the aim of achieving maximum profits. The aim of this research is to compare the results of Kimia Farma's share price predictions using the ARIMA model with intervention analysis of two variables at once, namely the pulse function and the step function. This is the novelty of this research. The data used in this research is daily data on Kimia Farma shares from the period 16 April 2018 to 14 April 2023. The best model produced is ARIMA (0,1,1) with intervention, shown by a MAPE value of 0.3356% and an RMSE of 0.3356%. 4.03. Kimia Farma's share price prediction for the next five days is 906.5548; 905.7875; 905.0206; 904.2542; 903.4882 rupiah. An increase in share prices occurred after the intervention in the period 15 April 2023 to 19 April 2023. Keywords: ARIMA; intervention model; step and pulse function; kimia farma

Pengaruh Lingkungan Kerja Non Fisik terhadap Kinerja Karyawan: Studi Kasus pada PT. Kimia Farma Apotek Palembang

The purpose of this study was to determine the effect of non-physical work environment on employees of PT. Kimia Farma Apotek Palembang. The population in this study were 74 respondents, all employees of PT. Kimia Farma Apotek Palembang. The sampling technique used a saturated sampling technique (census) with questionnaires distributed to all employees of PT. Kimia Farma Apotek Palembang and the data analysis technique used was simple linear regression analysis. The results of this study indicate that there is a positive and significant influence between non-physical work environment on employee performance

ANALISIS DAMPAK PANDEMI COVID-19 TERHADAP KINERJA LAPORAN KEUANGAN PERUSAHAAN SEKTOR KESEHATAN, INDUSTI, DAN BARANG KONSUMEN PRIMER

The increase in Covid-19 cases that occurred in early 2019 had a significant impact on various companies. One way to find out the economic condition of a company is by analyzing the company's spatial reports. This study aims to explain the description of the performance analysis of the financial statements of companies in the health, industrial and primary consumer goods sectors before and during the Covid-19 pandemic (2019 – 2020). Financial reports are accessed openly on the Indonesian Stock Exchange website (www. https://www.idx.co.id/). The sampling technique used is purposive sampling. The sample of health sector companies includes the financial statements of PT Kalbe Farma, Tbk. and PT Kimia Farma, Tbk. The industrial sector company sample is PT United Tractors, Tbk. and PT Lion Metal Works, Tbk. The sample companies in the primary consumer goods sector include PT Ace Hardware Indonesia, Tbk. for household needs, PT Ramayana Lestari Setosa, Tbk. for clothing needs, and PT Matahari Department Store, Tbk. for food needs. The results of the study show that the Covid-19 pandemic has affected the company's economy. Companies engaged in the industrial sector and primary consumer goods tend to experience a decline in profits and losses. On the other hand, companies engaged in the health sector experienced an increase in profits.

Public Relations Campaign PT. Kimia Farma Tbk Dalam Meningkatkan Citra Perusahaan

Kimia Farma, in enhancing its corporate image, has undertaken various communication campaigns as part of their efforts to build a positive image in the eyes of the public. PT. Kimia Farma is also actively involved in disseminating health-related information through their official social media channels, and they engage in various collaborations to boost public trust. The objective of this research is to understand and explore the campaigns carried out by PT. KAEF Kimia Farma Tbk in improving the company's image. The data collection techniques employed by the researcher include interviews, observations, and documentation. The research findings indicate that the image of PT. Kimia Farma Tbk has improved significantly following the campaigns they have conducted.

Analisis Laporan Keuangan Untuk Mengukur Kinerja Keuangan Pt. Kimia Farma pada Bursa Efek Indonesia

This research aims to see how the financial performance of PT. Kimia Farma uses liquidity and profitability ratio analysis for the 2017-2021 period, and whether PT. Kimia Farma is experiencing potential bankruptcy based on the Altman Z-Score model for the 2017-2021 period. This research uses quantitative descriptive methods. The type of data used by researchers is quantitative data and qualitative data obtained from www.idx.id. Data collection takes the form of literature study and documentation. Bankruptcy prediction calculations use the Altman Z-Score Model and profitability ratios ROA, ROE, and Net Profit Margin. The research results show that the Liquidity Ratio value of PT. Kimia Farm Ajika is measured by the Current Ratio which is in accordance with industry standards, however the company's quick ratio is still below the industry standard value. Profitability value of PT. Kimia Farma is still below industry standards due to the company's lack of minimizing costs which causes the company's profits to decrease. In calculating bankruptcy using the Altman Z-Score method, the company can be said to be good because it is still above the standard value. There are recommendations that can be used as input for PT. Kimia Farma, Tbk must further increase working capital in order to create and increase profits which will have an impact on the increase in shares and must minimize the company's operational costs.