Nippon Indosari Corpindo Research Articles

ANALISIS KINERJA KEUANGAN BERDASARKAN ECONOMIC VALUE ADDED (EVA) DAN FINANCIAL VALUE ADDED (FVA) (STUDI KASUS PADA PT. NIPPON INDOSARI CORPINDO TBK. TAHUN 2014-2018)

Analysis of Financial Performance based on Economic Value Added (EVA) and Financial Value Added (FVA) (Case Study at PT. Nippon Indosari Corpindo Tbk in 2014-2018). Bachelor’s Degree Program in Management, Faculty of Economics, State University of Gorontalo. The principal sepervisior is Lanto Miriatin Amali, S. Sos., M.Si., and the co-supervisor is Meriyana Frsansissca Dungga, SE, MM. The research objective was to find out the financial performance of company based on analysis Economic Value Added (EVA) and Financial Value Added (FVA) from 2014 to 2018 at PT. Nippon Indosari Corpindo Tbk. The research data were obtained through financial statement in Indonesia Stock Exchange in form of company’s annual statement. The research data were secondary data. The research method used quantitative descriptive. The research sample focused on PT. Nippon Indosari Corpindo Tbk at Indonesia Stock Exchange (IDX). The research finding indicated that the result of calculation from economic value added (EVA) and Financial Value Added (FVA) at PT. Nippon Indosari Corindo Tbk listed in Indonesia Stock Exchange (IDX) fluctuated or limit of economic value added and limit of financial value added were dynamic expriencing movement although the condition of value was dynamic (up-down). Yet the average value of both was > 0 (positive) so that it was assumed to have been able to create economic value added and financial value added.

The Effect of Working Capital, Liquidity and Solvency on Profitability at PT Nippon Indosari Corpindo, Tbk

The main attraction for owners of company shareholders lies in the profitability ratio that shows the results of the management of the company's management of the funds invested. This study aims to determine: The Effect of Working Capital, Liquidity and Solvency on the Profitability of PT. Nippon Indosari Corpindo Tbk, both partially and simultaneously. Descriptive quantitative research methods, the data used are secondary data in the form of financial statements of PT. Nippon Indosari Corpindo Tbk, for a period of 9 years from 20010 - 2018 obtained through the IDX (Indonesia Stock Exchange). The analytical method used is the classic assumption test, multiple linear regression analysis, coefficient of determination and hypothesis testing. Based on the analysis results obtained the coefficient of determination (R2) of 0.928 or equal to 92.8%, which means that the contribution made by working capital, liquidity and solvency to profitability reaches 92.8.3% the remaining 7.2% is influenced by other variables which is not researched. Based on the t test partially working capital on profitability there is an effect where tcount -5.847> t table 2.575 and significance value 0.02 <0.05 and partially liquidity on profitability has no effect where tcount 1.846 <t table 2.575 and significance value 0.124> 0.05 and partially solvency to profitability there is the influence of tcount -3.386> ttable 2.575 and significance value 0.02 <0.05 based on the f test simultaneously working capital, liquidity and solvency affect the profitability where Fcount 21.477> Ftable 5.41 with a significant value of 0.003 <0.05

Perbandingan Gross Profit Margin PT Mayora Indah dengan PT Nippon Indosari Corpindo

Comparison of Gross Profit Margin of PT. Mayora Indah Tbk with PT> Nippon Indosari Corpindo Tbk. This research study to study and analyze there is no difference in the gross profit margin of PT. Mayora Indah Tbk with PT. Nippon Indosari Corpindo Tbk. This research uses comparative research. With a sample of research for 10 years from 2009-2018. Samples were taken using purposive sampling technique. The analytical method used is gross profit margin analysis and technical analysis of the data used is the Independent T Test. The results of this study indicate there is no difference between PT. Mayora Indah Tbk with PT. Nippon Indosari Corpindo.

Decision Support System for Determining Suppliers to Purchase Goods using the Analytical Hierarchy Process Method at PT. Nippon Indosari Corpindo, Tbk

PT. Nippon Indosari Corpindo, Tbk is one of the companies engaged in the industry where the supply and receipt of goods or materials and support in the running of the production process is the most important thing in the process of running this company. That is why in accepting every item from the supplier, it must be well determined and designed to expedite every process, both production and processing inside. Decision support system that can process all data related to computerized supplier performance in order to get better results is of course using the AHP (Analytical Hierarchy Process) method. Decision support systems by mixing several calculation methods are expected to produce good results and are suitable for determining suppliers with outranking systems so that a viable supplier can be sorted by the best value.

The Effect of Working Capital and Liquidity on Profitability at PT. Nippon Indosari Corpindo, Tbk in 2009-2017

Every company always requires working capital that will be used to finance the daily activities of the company. This study aims to determine the effect of working capital and liquidity on the profitability of PT. Nippon Indosari Corpindo Tbk, both partially and simultaneously. The research method used by the author in preparing the descriptive thesis is quantitative, which is conducting research that describes the financial condition of the company expressed in the form of numbers. The data used is secondary data from the financial statements of PT. Nippon Indosari Corpindo Tbk, for a period of 9 years from 2009 - 2017 obtained through the IDX (Indonesia Stock Exchange). The analytical method used is the classic assumption test, multiple linear regression analysis, coefficient of determination and hypothesis testing. Based on the t-test partially working capital on profitability there is an effect where tcount -3,341> ttable 2,447 and a significance value of 0.016 <0.05 and partial liquidity on profitability has no effect where tcount 1.535 <ttable 2.447 and a significance value of 0.176> 0.05 and based on the f test simultaneously working capital and liquidity affect profitability where Fcount 5.953> Ftable 5.14 with a significant value of 0.038 <0.05

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).

ANALISIS YURIDIS PENGAMBILALIHAN SAHAM PT PRIMA TOP BOGA OLEH PT NIPPON INDOSARI CORPINDO, TBK DARI PERPEKTIF UNDANG-UNDANG NOMOR 5 TAHUN 1999 (Studi Kasus Putusan Komisi Pengawas Persaingan Usaha Nomor: 07/KPPU-M/2018)

The purpose of this study is to review and analyze the legal consequences of acquisitions made on limited liability companies; and based on theconsiderations used by KPPU to determine that PT Nippon Indosari Corpindo, Tbk. Has violated Law Number 5 of 1999 .This research is normative legal research. Secondary data collection in library research is done by studying documents. The data analysis method used in this study is descriptive and analyzed qualitatively.The results of this study are: (1) Acquisition or Acquisition of Limited Liability Companies can also provide legal consequences affecting the Limited Liability Company. The legal consequences referred to in the Limited Liability Company are the legal consequences both institutionally, namely shareholders, employees, and third parties, as well as the legal consequences of certain parties, especially to third parties or creditors from the acquired limited liability company. In practice that has happened so far, the status of creditors' receivables in a limited liability company that has been acquired is the responsibility of the new Shareholders ; and (2) In the reading of the decision it was also explained that the reported party had acquired / taken over shares of PT Prima Top Boga on January 24, 2018, amounting to 32,051 shares (issuance of new shares) taken over by adding capital worth Rp31,499,722,800 , 00 (thirty one billion four hundred ninety nine million seven hundred twenty thousand eight hundred rupiahs) by Pt Nippon Indosari Corpindo, Tbk. After a long process, through the Merger Directorate, it was conveyed that based on the calculation of calendar days, notices of the takeover of shares of the PT Prima Top Boga company should be notified to the Commission no later than March 23, 2018. However, the reported report took place on March 29, 2018. In accordance with PP No. 57 of 2010 that the reported party is obliged to notify the Commission of the acquisition of shares no later than 30 (thirty) working calendar days from the date the juridically effective Business Entity, Business Entity Consolidation or Takeover of Company Shares are effective.

ANALISIS PROFITABILITAS PADA PT. NIPPON INDOSARI CORPINDO TBK PERIODE TAHUN 2015-2017

This study aims to determine the financial profit of a company PT. Nippon Indosari Corpindo Tbk Period 2015-2017 by comparing the average industry of similar companies.The results of the analysis, note that PT. Nippon Indosari Corpindo Tbk seen from the Gross Profit Margin ratio is above the industry average of similar companies which illustrates that PT. Nippon Indosari Corpindo Tbk is better than the industry average of similar companies, the net profit margin ratio in the 2015 period is above the industry average of similar companies, but the period 2016-2017 is below the industry average of similar companies. While the Return on Investment ratio at PT. Nippon Indosari Corpindo Tbk is below the industry average value of similar companies which illustrates that PT. Nippon Indosari Corpindo is inefficient in the ratio of Return on investment, the ratio of Return on Equity for the period of 2015 is above the average industry of similar companies, but the period 2016-2017 PT. Nippon Indosari Corpindo Tbk is below the industry average of similar companies.
 Keywords: Financial Management, Financial Statements, Financial Ratios, Profitability, Gross Profit Margin (GPM), Net Profit Margin (NPM), Return On Investment (ROI), Return On Equity (ROE), Industry Ratios.

ANALISIS LAPORAN ARUS KAS UNTUK MENILAI KINERJA KEUANGAN PERUSAHAAN MAKANAN DAN MINUMAN YANG TERDAFTAR DI BURSA EFEK INDONESIA

A necessity for companies to include cash flow statements in financial statements. One analysis of financial performance using the cash flow statement is the ratio of cash flow statements. The purpose of this study was to find out the financial performance of six food and beverage companies during 2014-2017. This study uses the ratio analysis method. The ratio used in this study is the ratio of operating cash flows, the ratio of operating cash flow to interest, the ratio of capital expenditure, the ratio of total debt, and the ratio of cash flows to net income. From the results of calculations using the ratio analysis of cash flow reports obtained that from the six food and beverage companies namely PT. Tiga Pilar Sejahtera Food Tbk, PT. Delta Djakarta Tbk, PT. Mayora Indah Tbk, PT. Nippon Indosari Corpindo Tbk, PT. UltraJaya Milk Industry & Trading Company Tbk, PT. Indofood Sukses Makmur Tbk has a very good improvement, although not too high.Keywords: Cash flow statement, Operating cash flow, Cash flow ratio, Financial performance, Bursa Efek Indonesia

Is Rights Issue Will Raising the Stock Price of PT Nippon Indosari Corpindo Tbk?

The stock price of PT Nippon Indosari Corpindo Tbk (ROTI) declined due to the right issue announcement by the corporation, had caused the price of ROTI to fall from IDR 1,760 to IDR 1,195. As the price of the stock itself was in a volatile condition, it was interesting to understand more about the status of the stock price, whether it was undervalued or overvalued. The purpose of this study to calculated the fair share price of ROTI in 2017 based on the 2010-2016 historical data. The findings will be compared with the stock price in the market to know that ROTI was undervalued or overvalued for the decision of the investor to buy, hold or sell its shares. The valuation model used Constant-Growth Model or the Gordon Model. Based on the calculation the fair stock price were IDR 1,617.39, whereas when using the Gordon Model the fair share price were IDR 1,104.19 per share. Based on data from Bursa Efek Indonesia, the closing price for ROTI on December 30, 2016, were IDR 1,600 and it can be concluded that the stock price of ROTI was undervalued. JEL Classification: G11, G23 DOI: https://doi.org/10.26905/jkdp.v22i3.2020

ANALISIS RASIO RENTABILITAS DALAM MENILAI KINERJA KEUANGAN PADA PT.NIPPON INDOSARI CORPINDO.TBK

Based on the research that has been done, the purpose of this study is to find out how the profitability ratio can be used to assess financial performance. The research object, namely PT. Nippon Indosari Corpindo Tbk. In this study, the data used are financial statements for the period 2015 to 2019. This study uses a qualitative method consisting of two variables, namely the profitability ratio as a variable (X) or independent and financial performance as a variable (Y) or dependent. The data analysis method used in this research is profitability ratio analysis and financial performance analysis. Based on the results of research that has been done using the calculation of profitability ratios, namely Return On Assets (ROA), Return On Equity (ROE), Gross Profit Margin (GPM), Net Profit Margin (NPM) is considered very good. This is based on the results of the calculation of the four indicators for 5 years, namely from 2015 to 2019, the average profitability ratio obtained is 19.82%, this shows that the financial performance of PT. Nippon Indosari Corpindo Tbk is said to be very good at operating and competing in the business world in the consumer goods industry.

KEPUTUSAN PEMBELIAN DAN SIKAP KONSUMEN ROTI MEREK SARI ROTI (Studi Kasus pada Mahasiswa S1 Institut Pertanian Bogor)

Sari Roti is a bakery product produced by Nippon Indosari Corpindo. The purposes of this research are to describe characteristics of consumers, analyze the process of consumer’s desicion making and also to analyse the consumer attitudes towards Sari Roti’s product attributes. Methods used include Descriptive Analysis and Fishbein Multi-Attitude Model involving one hundred respondents of BAU’s undergraduate students. The samples are purposively selected on the basis that most of students prefer to eat Sari Roti in the morning or during the break time. Most of the consumers of Sari Roti are women, 18 to 22 years old, where their monthly allowance (IDR 500,000 to 999,999) comes from parents. Descriptive Analysis shows that in general, five stages of purchasing decision were passed. Overall, result of consumers’s attitude towards Sari Roti brand is positive based on Fishbein Multi-attribute Attitude Model. Clarity of expiry date of the product become the most important attribute of consideration. However, attribute of price should be taken into consideration, as it obtained smallest evaluation score and will determine how many purchases are made.

Analysis of Financial Ratios to Measure the Company’s Performance in the Sectors of Consumer Goods at Pt. Nippon Indosari Corpindo, Tbk and Pt. Mayora Indah, Tbk

The aim of the research was to measure the performance of companies in the consumer goods sector listedin Indonesian Stock Exchange, based on the results of the analysis of financial ratios against the respective financialgoods statements of the company for the period 2010-2014. Research method used is descriptive research by analyzingthe financial statements using quantitative data and data analysis technique used by researchers are the financial ratios,consisting of liquidity ratio, solvency ratio, activity ratio, and profitability ratio. The study concluded that the liquidityratio, activity ratio and profitability ratio of PT Mayora Indah, Tbk showed good performance analysis than PT. NipponIndosari Corporindo, Tbk. but the solvency ratio of PT. Nippon Indosari Corporindo, Tbk is better than PT. MayoraIndah, Tbk. The company’s performance at PT. Mayora Indah, Tbk is better than PT. Nippon Indosari Corporindo,Tbk because PT. Mayora has been long-standing, so they can prepare better than PT Nippon Indosari Corporindo.Researchers recommend to inspect other companies’ consumer goods over the two companies and check the performanceof companies for a longer period of time, so we can get a better paradigm.