Liquid Ratio Research Articles

Visualization and Simulation of Foam-Assisted Gas Drive Mechanism in Surface Karst Slit-Hole Type Reservoirs

Nitrogen injection technology has become an important production technology after water injection development in the karst fracture-vuggy reservoir in Tahe Oilfield. However, due to the influence of reservoir heterogeneity and the high mobility of gas fluid, nitrogen easily forms a dominant channel and gas channeling occurs, and the recovery effect time is short. Based on this, a visual surface karst model is designed and created to study nitrogen foam-assisted gas drive. The results show that after gas channeling occurs in the dominant channel of nitrogen flooding, foam injection-assisted gas flooding can improve oil recovery. In the longitudinal direction, foam-assisted gas drive mainly displaces the remaining oil because of gravity differentiation and the reduction of oil–water interfacial tension. In the horizontal direction, foam-assisted gas drive is mainly used to block the large pore cracks and dominant channels, promote the gas to turn into large tortuous and small cracks, and expand the swept efficiency of the gas. After forming the dominant channel, injecting 0.3 pv salt-sensitive foam with a gas–liquid ratio of 2:1 in the middle of the gas channel can improve the recovery rate of the model from 4% to about 25%, and the recovery rate can be increased by about 20%, which improves the effect of gas flushing and improves the development efficiency of the oil field at the same time.

Crystallization of Cathode Active Material Precursors from Tartaric Acid Solution.

In this study L-(+)-tartaric acid was used to extract metals from either pure cathode material (NMC111) or black mass from spent lithium-ion batteries. The leaching efficiencies of Li, Co, Ni, and Mn from NMC111 are > 87% at 70 °C, with an initial solid to liquid ratio of 17, and > 72.4±1.0% from black mass under corresponding conditions. The metals tend to form mixed phases in antisolvent crystallization and seeding has a minimal effect on the final solid composition. Impurities influence both crystal nucleation and growth. By controlling the antisolvent addition rate crystal growth can be promoted. The theoretical dielectric constant of the solution is shown to correlate excellently to the recovery efficiency across different antisolvents, where a value <52 results in over 95% total transition metal recovery efficiency. The correlation can be a powerful tool for quantitative prediction of optimal solvent composition for effective antisolvent crystallization.

Analisis laporan keuangan dalam menilai kinerja keuangan pada Marketing Office CitraLand Winangun Manado

Financial reports are very helpful and very important for companies to know how a company's financial performance is in the current year and previous years. This research aims to analyze financial performance using the profit and loss report at the CitraLand Winangun Manado Marketing Office from 2021-2023. The type of research that will be used in this research is descriptive with a quantitative approach using primary data sources and secondary data. The research results based on liquidity ratios are not good enough because in fulfilling its obligations the company experiences several obstacles on the side of the company's current liabilities and for trend analysis it is also not good enough because in fulfilling its obligations the company experiences several obstacles such as the income generated is not enough to cover existing expenses but to Trend analysis can be said to be good because in the following year it has increased and the activity ratio from the first to the third year has decreased but it is also quite good because the fixed asset turnover has increased every year, while the solvency ratio, profitability ratio and trend analysis can be said to be good every year. year because the decrease in profit only occurred in the first year and the following year there was an increase.

Liquidity Management Practices and Financial Performance of Microfinance Banks in Nairobi City County, Kenya

Microfinance banks are financial institutions that provide loans, insurance, saving platforms and other financial products to various individuals. Thus, these institutions require sufficient liquid assets to enable them to meet their routine financial obligations. However, in Kenya, microfinance banks have been recording a declining trend regarding their financial performance over time, leading to grave concerns. Thus, this study aimed to assess cash management practices and their effect on Nairobi City County’s MFB's financial performance. The analysis and elucidation of the literature was facilitated by the examination of the Keynesian Liquidity theory. A descriptive research design with a regression analysis model was embraced in determining the predictor variable’s impact on the explained variable. Data review guide was then utilized to gather secondary data, which was obtained from the CBK and covered the years 2017 to 2022. According to the study, operational cash flow management and cash management significantly and favorably impacted the financial performance of Kenyan microfinance institutions. Nonetheless, the financial performance of Kenya's microfinance institutions was significantly impacted negatively by operational efficiency management. As per the study's findings, microfinance banks in Kenya carry out cash budget preparation, bank reconciliation, cash inflow and outflow recording, cash expense payment, and cash surplus investment. As a result, they manage their funds carefully. Furthermore, the stability and functioning of the financial system depend heavily on efficient cash flow management. It entails keeping an eye on money coming in from investments, sales, and outside funding sources as well as tracking money going out to pay for bills, obligations, and loan repayments. Microfinance banks are able to balance inflows and outflows, lower the risk of liquidity crises, and take advantage of growth possibilities by managing cash flow well. This allows microfinance institutions to make well-informed choices regarding debt management, expansion strategies, and investments—all of which are essential for overall financial success. To maximize the beneficial effects on financial performance, the study recommends adhering to the statutory minimum liquidity ratio. Since excessive liquidity and illiquidity reduce the institutions' profitability, microfinance banks should implement effective cash management procedures.

Highly efficient recovery of gold by thermally modified pyrite and its mechanism

Gold recovery from wastewater should be cost-effective, efficient, and environmentally friendly. In this study, adsorbents containing Fe(II,III) systems were prepared via thermal modification of pyrite. The effects of thermal modification temperature, the source of pyrite, pH, ionic strength, adsorbent solid–liquid ratio, and coexisting metal ions on adsorption were investigated. Further, the removability of iron ions was explored, and multiple adsorption–desorption experiments were conducted to verify the stability and recyclability of the adsorbent. The adsorption law and mechanisms were analyzed using adsorption isotherms, thermodynamics, kinetics, and spectroscopy. The results revealed that the natural pyrite modified at 300°C ( N-Py-300) was a more suitable gold adsorbent with a maximum adsorption of 1055.2 mg/g at 25 °C. When coexisting with other metal ions, N-Py-300 exhibited highly selective adsorption of Au(III). Using a mixture of 10 % thiourea and 2 % HCl as a desorbent facilitated the desorption of almost all Au from N-Py-300, resulting in the recovery of Au and the reuse of N-Py-300. The Fe ions released from the adsorbent were effectively reduced by the addition of Ca(OH)2. The adsorption kinetics and isotherm data were in strong agreement with the pseudo-secondary and Langmuir models, indicating that Au(III) was chemisorbed on N-Py-300 as a monolayer and that Au(III) was reduced to Au(0) and Au(Ⅰ). The pH and IS also affected the adsorption behavior, implying that an electrostatic effect exists. Our findings provide that the thermally modified pyrite can be used to recover precious metals from wastewater efficiently, and provides an experimental basis for the resourceful use of pyrite.

Financial Performance Analysis of PT. Sewindo Consultans for the Years 2021-2022

This research aims to analyze the financial performance of PT. Sewindo Consultans for the years 2021-2022. The research method used is descriptive research with a quantitative approach. The data used in the research are the financial data from the income statement and balance sheet. Secondary data was used in this research. Financial ratio analysis was used as the method of data analysis. The research findings indicate that: Liquidity ratios, which measure the company's ability to meet its short-term obligations through the current ratio and quick ratio, are in a "poor" condition. Solvency ratios, which measure the extent to which the company's assets are financed by debt through the debt to assets ratio and debt to equity ratio, are in a "poor" condition. Activity ratios, which measure how effectively the company utilizes its assets through the fixed assets turnover ratio, are in a "poor" condition, while the total assets turnover ratio is in a "good" condition. Profitability ratios, which measure the company's ability to generate profit through the return on investment and return on equity indicators, are in a "poor" condition. In general, the results of the liquidity, solvency, activity, and profitability ratio analysis of PT. Sewindo Consultans' financial performance for 2021-2022, as seen from various indicators used, show that almost all of them are below industry standards, indicating that the company is in a "poor" condition.

Analysis Of Liquidity Ratio And Solvability Ratio On The Financial Performance Of Sepakat Sejahtera Syariah Cooperative

Abstract: The population of this research is the Sepakat Sejatela Syariah Cooperative from 2020 to 2022. The data collection method used is the library survey method. The data used in this research was obtained from the Indonesian Stock Exchange website (www.idx.co.id) and the Sepakat Sejahtera Syariah Cooperative website (https: //ntbmall.com) /store/. This data is secondary data in the form of the next report. Koperashi-Syariah-Prosperity Agreement). The data analysis technique used is to analyze data by describing or illustrating the data using liquidity ratios (current ratio, short-term ratio, liquidity ratio) and solvency ratios (debt to asset ratio, debt to asset ratio). Descriptive analysis whose aim is to analyze. Analysis of long-term equity and debt ratios). The results of the analysis are as follows. (1) Liquidity Ratio: Based on the average calculation for 2020-2022, the current ratio is 1224.67%, the quick ratio is 1221.07%, and the current ratio is less than 636.91%. Because this ratio is above the institutional average, it is recommended for institutions to maintain their financial performance and increase profits in the coming year. Businesses must manage the capital invested in assets, increase sales, and reduce operational costs incurred.Keywords: Liquidity, Solvency, Financial Performance

ANALYSIS OF FINANCIAL ECONOMIC INDICATORS FROM A SUSTAINABILITY PERSPECTIVE: STUDY WITH COMPANIES IN THE ENERGY SECTOR LISTED ON B3

Global demand for electricity is growing continuously. Therefore, the analysis of the companies involved becomes timely. This study investigates the impact of the disclosure of sustainability reports, with and without audit opinions, on the economic and financial performance of companies listed on B3 during the period from 2019 to 2023. Methodologically, the research has a descriptive approach, documentary procedure and quantitative nature. Its temporal dimension is longitudinal. The sample, composed of 77 companies selected probabilistically, was divided into: 47 companies that published reports with an audit opinion, 12 that published without an opinion, and 18 that did not publish reports. Through the Kruskal-Wallis test, the results indicated that the companies present similar performances in metrics such as current liquidity, dry liquidity, general liquidity, net margin and asset turnover. However, statistically significant differences were observed in the quick liquidity ratio, debt ratios (level and composition), as well as return on investment (ROI) and return on equity (ROE) indicators. This study contributes to the literature by providing insights into how sustainability reporting can influence various aspects of the financial management of electric power companies.

The Effect of Liquidity Ratio, Capital Structure and Activity on Company Profitability

The study aims to measure the impact of liquidity ratio, capital structure and activity on profitability in financial sector companies. This study uses an associative quantitative approach with secondary data sourced from the annual reports of companies listed on the Indonesia Stock Exchange (IDX) for the 2023 period. Sampling was carried out using the purposive sampling method with certain criteria, namely the company must consistently publish financial reports during 2023, use the rupiah currency, and include values ​​for the liquidity ratio, capital structure, asset activity ratio, and profitability. Based on these criteria, 97 companies met the requirements. Multiple regression analysis is a method for measuring research hypotheses through the use of SPSS v.29 statistical software. The results of this study indicate that the company's liquidity ratio, capital structure and asset activity ratio can have an effect on the profitability of the finance sector in 2023.

Hierarchically-porous resin for the adsorption of organic matter in raffinate produced by solvent extraction from the vanadium industry

Solvent extraction wastewater contains high concentrations of organic pollutants and metal ions, making it difficult to treat. This paper presents a method of using hierarchically-porous adsorption resin to recover organics from raffinate and regenerate the resin, addressing secondary pollution in extraction processes. The chosen resin, WS6108, removes over 95 % of organics from raffinate, with high metal ion concentrations enhancing its adsorption efficiency. The article conducted an optimization experiment and mechanism study on WS6108 resin for adsorbing organic matter in vanadium raffinate (OIVR), followed by desorption and recycling tests. Results showed WS6108 resin achieved a 96.7 % adsorption efficiency at a solid–liquid ratio of 24 g/L after optimization. The chosen methanol desorbent achieves over 99 % desorption efficiency for the WS6108 cycle under specific conditions. The resin’s performance remains stable for up to 45 cycles. Adsorption isotherms and kinetic experiments indicate that OIVR adsorption by WS6108 resin is endothermic, non-spontaneous and entropy increasing. Moreover, the adsorption kinetics of OIVR by WS6108 resin followed a pseudo-second-order model, based on the activation energy, liquid film diffusion was considered the main rate-controlling step. A column experiment was conducted to verify that WS6108 resin can be used in real vanadium raffinate to remove organics. Density functional theory (DFT) revealed that strong hydrogen bonding, π-π stacking and excellent adsorption diffusion behavior drive OIVR adsorption. This study aims to increase the use of adsorption to treat oily wastewater generated by solvent extraction.

Combined ANFIS and numerical methods to reveal the mass transfer mechanism of ultrasound-enhanced extraction of proteins from millet

Millet protein, as a promising plant-based protein substitute source, is an excellent basis for essential amino acids compared to commonly consumed staple grains. Compared with the traditional extraction process, ultrasound has been used to enhance the extraction efficiency of various plant-based proteins. To reveal the mechanism of ultrasound-enhanced extraction of proteins, adaptive neuro-fuzzy inference system (ANFIS) algorithm and numerical simulation based on Fick’s law were applied to illustrate the mass transfer behavior of millet proteins under different ultrasonic conditions including solid–liquid ratios (S/L ratios), pH and acoustic energy density levels (AED). The results showed that AED dominated the changes in effective diffusion coefficient (De), showing a positive correlation relationship (p < 0.05). Specifically, when the AED was 47.07 W/cm2, the De value increased by 95 % compared to that of 23.47 W/cm2. Meanwhile, the ANFIS model successfully predicted protein yields across all investigated parameters, achieving a coefficient of determination (R2) greater than 0.97. This model also elucidated the interactions among four critical factors, among which pH and S/L ratios were the main factors affecting protein yield. Concerning the ultrasonic cavitation bubble dynamics, the bubble collapse efficiency enhanced with an increase in AED, and therefore high AED ultrasound can significantly enhance the cavitation effect. Additionally, the results of the yields and physical properties of millet protein also indicated that in contrast with the traditional extraction methods, the ultrasound impactfully improved extraction yield (by 165 %), and combined with pH condition, it decreased the protein particle size (from 813.55 nm to 299.30 nm) without altering the molecular weight distribution. This study offers a novel perspective on the mechanism underlying ultrasound-enhanced protein extraction, drawing upon principles of ultrasonics and extraction processes. The insights gained can serve as a foundation for the food industry to upscale the extraction process, potentially enhancing efficiency and yield.

Perkembangan Profitabilitas Dan Likuiditas Perusahaan E-Commerce Yang Terdaftar Di Bursa Efek Indonesia Tahun 2021-2023

In terms of liquidity ratios, Sophee's overall financial performance experienced a significant decline. In terms of quick ratios, there was a decline from 209.3% in 2021 to 142.6% in 2023. Likewise, the current ratio decreased from 210.9% in 2021 to 144.1% in 2023. The cash ratio has also decreased, namely from 128.9% in 2021 to 34.41% in 2023. Toko Pedia's financial performance tends to decline but not too big and the ratio is still around 200% except for in 2023 where the cash ratio is 196.1%, down from 2021 of 253.4%. Bukalapak's financial performance in terms of quick ratio, current ratio and cash ratio is quite stable from 2021 to 2023 and is still around 200%. In terms of profitability ratios, Sophee's Gross Profit Margin has increased, although not too big, namely from 39.1% in 2021 to 44.7% in 2023. Likewise, Return On Sales which has a negative value for 2021 and 2022 has improved with a positive value of 3 .3% in 2023. Toko Pedia's financial performance, both in terms of Gross Profit margin and Return on sales, has not shown satisfactory results and tends to decline from 2021 to 2023. The same thing also happened to Bukalapak where the financial performance for the Gross Profit ratio Margin and Return on Sales show a decline from 2021 to 2023.

Financial Performance Analysis of Energy Companies Using Multi-Criteria Decision-Making Techniques: An Application in the BIST Electricity, Gas and Water Sector

Energy plays a vital role in the macroeconomic development of countries. The increase in energy consumption and the increase in the number of energy companies are among the basic dynamics of country development and growth. Enhancing the financial performance of companies operating in the energy sector strengthens the competitive power of countries at both national and international levels. In this context, this study aims to determine the financial performance rankings of companies operating in the energy sector in Turkey over a 10-year period, identifying the most successful and least successful periods over the years. Using data from energy sector companies listed on Borsa Istanbul (BIST) between 2013 and 2022, after determining the research criteria, the weights of these criteria were calculated using the Entropy method. Subsequently, considering the criteria weights, the performance rankings of energy companies were determined year by year using the MAIRCA method. According to the results of the Entropy analysis, when the importance level is evaluated, the most significant criterion in 2013 was the Liquidity Ratio (LR), in 2014, 2017, 2018, and 2019 it was the Gross Profit Growth (GPG) criterion, in 2015 it was the Current Ratio (CR) criterion, in 2016 and 2022 it was the Net Profit Growth (NPG) criterion, and in 2020 it was the Net Profit Growth (NPG) criterion. Finally, in 2021, the most important criterion was determined to be EBITDA Growth (EBG). Furthermore, based on the MAIRCA analysis, the reasons behind the most successful and least successful years of the companies were explained using financial and activity reports, as well as special situation disclosure notifications obtained from the Public Disclosure Platform (PDP).

DIVING DEEP INTO FIN- TECHS: AN EXAMINATION OF ONE 97 COMMUNICATIONS LTD. (PAYTM) FINANCIAL PERFORMANCE

India has seen rise in the number of the Fin -Techs as a part of Start Ups project coming up. Need to analysis the financial statements of such start ups becomes an important task as many stakeholders as being connected directly or indirectly with the company. In this study the financial statement analysis of ONE 97 COMMUNICATIONS Ltd. popularly well known as Paytm was done in the context of profitability and financial stability ratios using the data for the period of 2 years since its listing of the Stock Exchanges. Results showed that there are positive trends in the reduction of loss magnitudes and improvements in operational efficiency. It is crucial for the company to continue its efforts to enhance profitability, manage costs, and work towards achieving positive returns for both assets and equity. On side of financial stability the company has a healthy current and liquid ratio, indicating strong short-term liquidity but the position still needs to be continued for a long term to see a better and positive picture.

The Influence of Financial Ratios on Investment Decisions in the Food and Beverage Subsector on the Indonesian Stock Exchange

The purpose of this study is to determine the effect of financial ratios on investment decisions in the food and beverage sub-sector listed on the Indonesia Stock Exchange for the 2019-2022 period. This study uses a quantitative research type and sampling using a purposive sampling method. The population in this study were 27 companies and the sample of this study was 10 companies. Data collection techniques used Multiple Linear Regression testing, Multiple Regression Classical Assumption testing, hypothesis testing and determination coefficient testing. The data processing of this study used SPSS 27, 2024. The results of this study indicate that partially the profitability ratio (Return on Asset) with t-count &lt;t-table (-9.064&lt;2.028) with a significant level (0.001&lt;0.05) has a negative but significant effect on investment decisions, the liquidity ratio (Current Ratio) with t-count &lt;t table (-1.316&lt;2.028) with a significant level (0.197&gt;0.05) has a negative but insignificant effect on investment decisions and the solvency ratio (Debt to Equity Ratio) with t-count &lt;t table (-2.266&lt;2.028) with a significant level (0.030&lt;0.05) has a negative but significant effect on investment decisions.

Bromic acid-thiourea synergistic leaching of sulfide gold ore

Abstract Bromate–thiourea coordinated leaching of gold sulfide ore for gold sulfide ore as leaching object. The effects of leaching reagent, stirring speed, and leaching time on gold leaching were investigated in this article. The results showed that the optimum leaching conditions were potassium bromate 0.1 M, thiourea 0.6 g·L−1, hydrochloric acid 0.2 M, agitation speed 250 rpm, ratio of liquid to solid 4, and leaching time 10 min. Under these conditions, high efficiency and rapid leaching of gold can be achieved, and reagent consumption is reduced. The research results have theoretical and practical significance for expanding new green gold extraction technology.

Liquidity Analysis of selected Indian Electronics Companies

Liquidity is a position of any business to settle down its obligations within a year i.e., short-term dues. When a business has an adequate amount of current assets, it can easily pay-off its obligations without any external borrowings. And so, analysis of liquidity is preferably done by stakeholders. The liquidity of a business can be measured with the help of financial ratios like current ratio, quick ratio, absolute liquid ratio and net working capital ratio. In this research paper, analysis of liquidity of selected Indian electronics companies has been done on the basis of current ratio and quick ratio. It has been found that Bharat Electronics Ltd (BEL) has sound liquidity position as compared to other companies for the period under study.

Exploring the Association Between Chief Executive Remuneration and Financial Performance: A South African Banking Perspective

This research aimed to determine whether there is an association between financial performance and chief executive officer (CEO) remuneration when South African banks are sampled. A quantitative research approach was applied using a descriptive research design. The research included a data range spanning over 10 years. Financial data were collected through the Integrated Real-time Equity System (IRESS). Multiple regression testing was performed using the Statistical Package for Social Science (SPSS). Correlation coefficients were measured, and multiple regression models were constructed. This study found that cashflow per share, market price per share and liquidity ratios were often identified as predictors of CEO remuneration. This research contributed to the body of existing knowledge by demonstrating that the remuneration paid to South African bank CEOs can be predicted by means of selected financial ratios. Limitations included that the census was small and only consisted of eight banks in total. This limitation was accommodated by expanding the time frame for data collection.

An integrated approach using discrete event simulation and design of experiments for working capital management in the fuel retail trade

ABSTRACT This study introduces an innovative approach to Working Capital Management (WCM) in the fuel retail sector, using Discrete Event Simulation (DES) and Design of Experiments (DOE). Efficient WCM is essential for small businesses, particularly in fuel retailing with its tight margins and intense competition. Unlike static financial tools relying on historical data, DES interacts with indicators such as Working Capital Requirement (WCR) and Liquidity Ratios, providing stochastic and accurate information. The study examined three variables (Supplier Payment Deadline, Credit Card Receipt Deadline, and Customer Payment Profile) across 16 experimental scenarios. The Payment Term to Suppliers emerged as the key factor in reducing WCR. Despite lower liquidity potential, the company balanced short-term obligations, identifying optimal WCM scenarios. The study shifts WCM analysis from static data to forecasted, real-time data, supporting dynamic business decision-making. It concludes that DES is a valuable tool for effective WCM in fuel retail, encouraging further research.

Developing theoretical models for effective debt service management in high-volatility industries: a focus on risk mitigation and financial stability in the oil and gas sector

Effective debt service management is crucial for maintaining financial stability and mitigating risks in high-volatility industries, particularly in the oil and gas sector. This abstract explores the development of theoretical models aimed at enhancing debt service management practices in such industries. The oil and gas sector is inherently exposed to price volatility, geopolitical uncertainties, and regulatory challenges, necessitating robust strategies for managing debt obligations. This review emphasizes the importance of integrating risk mitigation techniques into debt service management frameworks to safeguard against financial distress and optimize capital structure efficiency. Key theoretical models examined include proactive debt restructuring, dynamic financial modeling, and scenario analysis tailored to the cyclical nature of the industry. These models emphasize adaptive strategies that enable companies to adjust debt repayment schedules based on market conditions and cash flow projections. Additionally, financial stability metrics such as debt-to-equity ratios, liquidity ratios, and debt coverage ratios are utilized to gauge the sector's resilience to external shocks. Incorporating risk management principles into debt service management frameworks enhances decision-making processes, facilitates early detection of financial vulnerabilities, and ensures alignment with long-term strategic goals. Case studies and empirical data illustrate the practical application of theoretical models in optimizing capital allocation and maintaining investor confidence amid industry fluctuations. The theoretical insights presented contribute to a comprehensive understanding of effective debt service management in high-volatility industries, highlighting the role of financial prudence and strategic foresight in sustaining operational resilience. Recommendations are provided for industry practitioners and policymakers to enhance regulatory frameworks, promote transparency, and foster sustainable growth in the oil and gas sector.. Keywords: Debt Service Management, Risk Mitigation, Financial Stability, Oil and Gas Sector, High-Volatility Industries, Theoretical Models, Debt Restructuring, Financial Modeling, Scenario Analysis, Capital Structure