Profitability Value Research Articles

ARTIFICIAL INTELLIGENCE PRACTICES, OPPORTUNITIES AND BARRIERS IN HUMAN RESOURCE MANAGEMENT

<p class="MsoNormal"><i><span style="font-size: 12.0pt; font-family: 'Times New Roman',serif; mso-ansi-language: EN-US;">As organizations progressively integrate artificial intelligence (AI) into their operations, the role of human resource (HR) managers becomes monumental in navigating the complex landscape of AI practices and challenges. This study aimed to investigate HR managers' perceptions concerning AI meaning, its usage in daily business activities, presence of AI in HR departments, and opportunities and barriers for AI adoption.</span> </i><i><span style="font-size: 12.0pt; font-family: 'Times New Roman',serif; mso-ansi-language: EN-US;">The research employed a single-method approach of questionnaires to gather insights from a diverse sample of HR managers across miscellaneous medium/large enterprises. The findings revealed a nuanced perspective among HR professionals, with a spectrum of attitudes ranging from enthusiasm for AI's potential to concerns about its impact on traditional HR functions. There are a practical and theoretical aspects of this study that are relevant to every industry in determining the practices and opportunities of AI in HRM which improve efficiency, reduce various costs, enhance profitability and add value to overall business.</span></i><i></i></p>

Tourism Carrying Capacity (TCC) of Tongkonan Lempe Tourism Attraction, North Toraja Regency

Tongkonan Lempe is one of tourist attraction in Lolai Tourist Area in Kapala Pitu Subdistrict, North Toraja Regency. Based on North Toraja Regional Spatial Plan 2012-2023, Kapala Pitu Subdistrict was set as a landslide-prone area. However, in the Lolai tourist area, there was a large-scaling land clearing for tourist objects without regard to environmental impact. The purpose of this study is to determine the Ecological Carrying Capacity and Economic Carrying Capacity of Tongkonan Lempe Tourism Object. The method used in this research is the Cifuentes Method to determine ecological carrying capacity which consists of Physical Carrying Capacity (PCC), Real Carrying Capacity (RCC), Management Carrying Capacity (MCC), and Effective Carrying Capacity (ECC). Meanwhile, to determine Economic Carrying Capacity use Cost Benefit Analysis. Existing tourist visits have exceeded the value of the environmental carrying capacity. The Tongkonan Lempe tourist attraction can only accommodate a maximum of 31 tourists per day, while the average number of visits in 2022 is expected to be 122 visitors per day.According to the cost-benefit analysis, the Tongkonan Lempe tourist attraction's management will have to spend IDR 50,596,000 to preserve environmental quality with the current number of visitors of 122. If the number of visitors is lowered to an environmentally ideal level of 31, the net economic profit value is IDR 17,236,000 because the environmental conditions are still maintained. Several recommendations can be made based on several literature sources to raise the ecological carrying capacity including: replanting by adding types of vegetation to increase the value of the flora diversity correction factor, increasing the number of officers to improve services, especially during holidays, and limiting the number of tourists.

The Influence of Earning Management, Dividend Policy, and Free Float Ratio on Stock Returns

Analysis of company performance is one of the considerations for investors in making investment decisions. Several issues related to earnings management arise due to the flexibility in accounting standards application becomes an investor’s special concern in analyzing financial statements. On the other side, investors’ attention to dividend distribution has various effects on several studies. Another issue that also attracts the investors’ attention is the new rules of minimum free float ratio for companies listed on the IDX to be 7.5% in 2019. Based on this phenomenon, this study aims to examine the effect of earnings management, dividend policy, and the ratio of free float to returns stock. The sample used is the property and real estate sector companies. This study uses the Fixed Effect Model with control variables in the form of profitability and firm value. The results show that earnings management significantly negatively affects returns, while dividend policy and free float have no significant effect on returns stock. Simultaneous research results also show a significant effect on returns with a coefficient of determination of 36.5%. As an implication, the results can be a reference for early identification of earnings management using existing financial report data. In terms of dividend policy, this research shows that dividend policy does not have a significant influence. However, considering the data in the research, investors can consider the pattern of dividend distribution amounts for each sector in making their investment decisions. The free float ratio variables show an insignificant effect on stock returns. However, research on the free float ratio in Indonesia is still limited.

Toward a more profitable value chain for New York state onions

For many years, New York onion growers enjoyed a leadership position in the U.S. onion supply due to a combination of advantages, including unique soil and climate conditions and proximity to large, diverse markets. However, trends suggest that these advantages are disappearing as global competitors offer comparable, but lower-cost, undiffer¬entiated onions. As a result, the current production and marketing approaches of New York onion growers are not particularly effective. New York onion growers are presently competing in a race with each other and growers in other regions to produce high volumes of cheap commodity onions. The question thus becomes: Can onion producers continue this race, in which they seem unable to win because the competition is so fierce? Onion growers in New York state wish to understand onion-marketing dynamics in the U.S. and especially in New York state. By learning more about the market for onions, they may discover a new competitive advantage based on the strategy of differentiation, which could increase their value among all stakeholders of the value chain. In this commentary, I present a summary of a report I have written entitled “Analysis of the U.S. Onion Industry with a Focus on New York State Issues,” and I make the case that New York state’s onion growers have an opportunity to reverse their fortunes.

Determining the Appropriate Minimum Effort Levels for Use in Fisheries Dynamic Bioeconomic Models

Managing fisheries to achieve ecological, economic and social sustainability is complex. The use of dynamic bioeconomic models can be and have been used to assist in determining management targets. However, optimizing profits over time can result in large reductions in fishing effort in the short term with adverse social consequences. There exist other benefits from maintaining fishing effort even in adverse conditions (e.g., maintain crew and fleet capacity). For this reason, many bioeconomic models have included some form of minimum effort, catch or short-term profit constraint. In this paper, we consider a range of approaches to assess an appropriate minimum fishing effort, including the estimation of fishery breakeven effort levels, and approaches based on historical fishing levels. These are tested using a bioeconomic model currently used for fishery management. We find that breakeven approaches tend to result in the most conservative effort levels and the highest net present value of profits. In contrast, using a proportion of the moving average of the observed fishing effort results in less conservative change in effort, while resulting in positive changes in the net present value of fishery profits. The approach also has the advantage of being dynamic, adjusting with recent fishery conditions.

Competitive insertion of the citrus-lemon chain in global value chains in Colombia

This research delves into the identification of opportunities for the consolidation of the lemon value chain in the department of Tolima, Colombia, through the associativity model called: Special Administrative Planning Region. This model is a land-use planning system, officially recognized in Article 325 of the Political Constitution of Colombia and in Law 114 of 2011, which functions as a planning tool at the regional level. Its main objective is to integrate a given region with other territorial entities at the departmental level. The study is framed within exploratory research that employs qualitative and quantitative methodologies for its development, in addition to using data collection instruments, in order to identify the main elements that define the possibilities of establishing a profitable and sustainable value chain in the citrus-lime sector in Tolima. The results show that the potential for competitive insertion of lemon in global value chains reaches potential international markets such as Russia, Germany, France, Poland, Canada and Saudi Arabia, and the support of different government institutions. However, it is necessary to overcome major threats and weaknesses that currently hinder this insertion.

ЭКОНОМЕТРИЧЕСКИЙ АНАЛИЗ ЧИСТОЙ ПРИБЫЛИ ПАО «ГАЗПРОМ»

Oil and gas revenues make up the largest part of the state budget revenues. This article presents an econometric analysis of the net profit of Gazprom PJSC, how the net profit is formed based on the volume of gas produced. The forecast values of net profit for 2022 and 2023 have been compiled. In addition, the conclusion concludes about the features of the dynamics of these indicators

Analisis Modal Kerja Pada PT. Kawasan Industri Makassar (Persero) Tahun 2019-2021

This research aims to find out whether the working capital ratio is able to measure the financial performance of PT Kima in 2019-2021. The object of this research is PT KIMA. The data used is primary data. The sample in this research is PT KIMA's financial report for the 2019-2021 period. The results of this research show that the calculation of financial data using activity ratio analysis, profitability ratios (Return On Assets), solvency and profitability ratios, the company's working capital at PT. company to pay dividend payout ratio (DPR) to shareholders. Meanwhile, the profitability ratio (Net Profit Margin) can be said to be good because the net profit value obtained from sales, which includes production costs, will increase profits for the company.

The Effect of Bank Health on Profitability and Firm Value of Islamic Banks in Indonesia

<p><em>This study aims to determine the effect between bank health on profitability and firm value of Islamic Commercial Banks in Indonesia. This research employs a quantitative approach. Researchers conducted tests through the SPSS application and path analysis. The research included a total of 12 Islamic Commercial Banks for the financial year 2020-2022. The findings of this research demonstrate that RGEC (Risk Profile, Good Corporate Governance, Earnings, and Capital) have a simultaneous impact on bank health, specifically on profitaility through Return on Assets (ROA). Partially, only payments affect ROA. Meanwhile, other indicators of RGEC do not affect ROA. Partially, risk profile and earnings indicators affect Return on Equity (ROE). In contrast, two other indicators, namely good corporate profile and capital, do not affect ROE. Simultaneously, the influence of bank health on firm value is mediated by RGEC. Partially, the four RGEC indicators have no impact on firm value. In other tests, through the mediation flow, neither ROA nor ROE can mediate the effect of RGEC on firm value. Meanwhile, profitability through ROA and ROE affects firm value. The implications of this research significantly contribute to understanding the financial stability of bank health, its effect on profitability, its effect on firm value, and its contributions to the field of academic research.</em></p>

Modifikasi Metode Big-M dan Analisis Sensitivitasnya untuk Optimasi Produksi Usaha Kecil Menengah

UKM (Small and Medium Enterprises) X is a business that produces various types of peanut brittle. Rempeyek is suitable as a snack and is popular with children and adults. The production process of UKM X is related to the quantity of demand and availability of raw materials. Therefore, optimal production planning is needed for UKM X to meet customer demand and obtain maximum profits. The problem of production is modeled into linear programming with the method used, namely, the method of Big M. The Big-M method is used because, on the function of the barrier on the production target, there is an equation , so artificial variables must be added to its solution. In this study, a modification of the Big-M method is made, and at the completion stage, it uses iteration with the determinant algorithm of the order of two matrices. The calculation results obtained the maximum profit of UKM X in a week of Rs5.455.775 by producing 56 kg of peanuts, 20 kg of seeds, 16 kg of spinach, 23 kg of tempe, and 60 kg of shrimp to meet customer requirements and utilize the availability of raw materials. Subsequently, sensitivity analysis is performed on the target function coefficient and the right street constants of the barrier to determine how the change affects the optimal solution. The results show that the solution remains optimal when profits are in the interval obtained, but the maximum profit value changes with constant production. Based on the calculation results, raw material supplies remain optimal when the change value is within the interval obtained.

Dynamic Analysis of Watershed Management and Sustainable Agriculture in Dryland Regions: A Case Study of Purulia District, West Bengal

Watershed management deals with managing groundwater and drinking water in dryland areas. In this study, a dynamic optimisation model for sustainable agriculture and watershed management is developed, which can help farmers in dryland regions maximise their profit from agricultural production. The steady-state values of water stock, profit and allocation of land between highly water-intensive and less water-intensive crops are determined. This study also carries out sensitivity analysis by perturbing various parameters such as technologies used in crop production, discount rate and annual recharge of groundwater stock. The results show that as the technology used for less water-intensive crops improves, groundwater stock and profit increase. This study captures how upstream and downstream farmers can optimise their net benefit from agriculture when there is water conflict between them. It also demonstrates how their water extraction patterns and benefits can change in the presence and absence of a social planner.

Battle for the Lead: Analysis of Coca-Cola and Pepsi from Financial Performance

This paper comprehensively assesses the financial performance of two industry giants, Coca-Cola and PepsiCo, in the carbonated beverage industry. With their rich histories, distinct business strategies, and longstanding competition, these two companies have drawn significant attention from researchers. This paper aims to delve deeper into their financial performance, examining key aspects such as profitability, efficiency, liquidity, solvency, and market value. Drawing on financial statements from 2019 to 2021, this paper employs various matrices to evaluate the performance of both companies on a year-on-year and a like-for-like basis. The findings indicate that Coca-Cola possesses a robust portfolio of soda brands, surpassing PepsiCos billion-dollar soft drink brands. However, PepsiCo showcases a superior ability to innovate and navigate risks within the industry. Conducting a comprehensive assessment of the financial performance of Coca-Cola and PepsiCo can significantly enrich the existing body of research.

The Effect of Book Tax Differences, Operational Cash Flow to Earnings Persistence

One of the crucial functions of financial reports is to serve as a basis for evaluating performance and representing the condition of financial performance in an organization or company. Accrual financial reports are prepared based on established standards based on accounting principles, while fiscal financial reports are reports prepared based on tax regulations and used by parties with an interest in the tax collection process. The difference in the value of profit in the financial statements after the fiscal reconciliation is carried out for tax purposes based on the provisions of the tax regulations is what gives rise to the term book tax differences in tax analysis. Earnings persistence is current period earnings which reflects earnings in future periods. This study aims to analyze the effect of Book Tax Differences, Operating Cash Flow and Accrued Profits on Profit Persistence in Manufacturing Companies listed on the Indonesia Stock Exchange. The research object for manufacturing companies listed on the IDX for 2017-2021 is with a sample of 10 manufacturing companies selected using the Purposive Sampling technique. The results showed that the higher the large positive book tax differences, the better the company's profit persistence, while for large negative book tax differences, the higher the large negative book tax differences, the lower the earnings persistence. The higher the company's operating cash flow, the higher the profit persistence. the higher the accrual profit, it will not affect the persistence of earnings.

PENGARUH PROFITABILITAS, LIKUIDITAS DAN UKURAN PERUSAHAAN TERHADAP NILAI PERUSAHAAN (STUDI KASUS PADA PERUSAHAAN MANUFAKTUR SEKTOR ANEKA INDUSTRI YANG TERDAFTAR DI BURSA EFEK INDONESIA PERIODE 2019-2022)

Company value is very important for go-public companies to achieve goals and targets in maximizing profits. Based on previous research, there are different results in terms of its influence on company value (research gap). This research aims to analyze the influence of profitability, liquidity and company size on company value. The independent variables used in this research are profitability, liquidity and company size. The dependent variable in this research is company value. In this study using secondary data derived from annual financial reports. The population in this study are manufacturing companies in the various industrial sectors listed on the Indonesia Stock Exchange for the period 2019 - 2022. The sampling technique used was purposive sampling and the number of samples was 9 companies. The data analysis method uses the SPSS 25 program. The results of this study indicate that profitability has a positive and significant effect on firm value, while liquidity and firm size have no significant effect on firm value. The results of profitability, liquidity and company size simultaneously have a positive and significant effect on company value.
 
 Keywords: Profitability, Liquidity, Company Size, and Company Value.

PENGARUH RISIKO KEUANGAN DAN PERTUMBUHAN PENJUALAN TERHADAP PROFITABILITAS (SEBAGAI VARIABLE INTERVENING) DAN NILAI PERUSAHAAN FARMASI PERIODE 2020 -2022

This study aims to determine the Effect of Financial Risk, Sales Growth on Profitability and Value of Pharmaceutical Companies of pharmaceutical companies in 2020 – 2022. The type of research conducted in this study is quantitative which aims to determine the relationship between independent and bound variables, in this study it is carried out to determine the effect of financial risk, sales growth on profitability as an intervening variable and company value. The source of data used in this study is secondary data in the form of financial statements of pharmaceutical companies listed on the Indonesia Stock Exchange from 2020 to 2022. To determine the effect of DAR and sales growth on profitability and company value using pricebook value, Debt to Asset Ratio, Sales Growth, and Return on Asset ratio. The results showed that DAR had a significant negative effect on profitability. This means that the smaller the DAR value, the greater the level of profitability achieved. Sales growth has no insignificant effect on profitability. That is, the level of sales growth is not the cause of the rise or fall of company profitability. The effect of DAR, Sales Growth and ROA on Company Value. DAR has no effect and is not significant on the Value of the Company. That is, investors look more at the prospects of the company than at the Financial Risk in this case the value of the Debt to Asset Ratio. Sales Growth has a positive and significant effect on Company Value.

Economic Evaluation and Technoeconomic Resilience Analysis of Two Routes for Hydrogen Production via Indirect Gasification in North Colombia

Hydrogen has become a prospective energy carrier for a cleaner, more sustainable economy, offering carbon-free energy to reduce reliance on fossil fuels and address climate change challenges. However, hydrogen production faces significant technological and economic hurdles that must be overcome to reveal its highest potential. This study focused on evaluating the economics and technoeconomic resilience of two large-scale hydrogen production routes from African palm empty fruit bunches (EFB) by indirect gasification. Computer-aided process engineering (CAPE) assessed multiple scenarios to identify bottlenecks and optimize economic performance indicators like gross profits, including depreciation, after-tax profitability, payback period, and net present value. Resilience for each route was also assessed, considering raw material costs and the market price of hydrogen in relation to gross profits and after-tax profitability. Route 1 achieved a gross profit (DGP) of USD 47.12 million and a profit after taxes (PAT) of USD 28.74 million, while Route 2 achieved a DGP of USD 46.53 million and a PAT of USD 28.38 million. The results indicated that Route 2, involving hydrogen production through an indirect gasification reactor with a Selexol solvent unit for carbon dioxide removal, demonstrated greater resilience in terms of raw material costs and product selling price.

Distributed or centralized? Long-term dynamic allocation and maintenance planning of modular equipment to produce multi-product natural gas based on life cycle thinking

With the increasing complexity of the natural gas trading market, enhancing the flexibility of multi-product natural gas production has practical significance for improving the whole life cycle benefits of gas fields. At present, the collaborative relationship between multi-product process optimization and modular equipment has not been studied enough; there is still a lack of integrated model coupling process optimization, modular equipment design, and scheduling optimization. Therefore, this paper utilizes the convenient scheduling technique across multiple blocks and establishes a distributed multi-product natural gas processing model based on life cycle thinking, facilitating the enduring, dynamic configuration and upkeep administration of modular equipment. The established optimization model is formulated to maximize the net present value of profits, allowing for the selection of optimal production strategy for various natural gas products, such as LNG (Liquefied Natural Gas), CNG (Compressed Natural Gas), NG (Natural Gas), mainly including volume distribution, capacity of gas, and installation, utilization, inter-block scheduling, and recovery of modular equipment, etc. Modular equipment within multiple blocks can be dynamically adjusted based on the production status of the gas field and the market demand for multi-product natural gas. By researching actual production cases, the effectiveness and reliability of this approach have been verified. The results indicate that the net present value of the equipment cost is 89 % of the traditional equipment, which significantly improves production system flexibility and economic benefits of the gas field. This study proposes new operational and management ideas for future distributed multi-product production models in gas fields by considering the efficiency of natural gas resource development and utilization, as well as the risk resistance of the multi-product natural gas industry chain.

A comparative study of evolutionary approaches to the bi-objective dynamic Travelling Thief Problem

Dynamic evolutionary multi-objective optimization is a thriving research area. Recent contributions span the development of specialized algorithms and the construction of challenging benchmark problems. Here, we continue these research directions through the development and analysis of a new bi-objective problem, the dynamic Travelling Thief Problem (TTP), including three modes of dynamic change: city locations, item profit values, and item availability. The interconnected problem components embedded in the dynamic problem dictate that the effective tracking of good trade-off solutions that satisfy both objectives throughout dynamic events is non-trivial. Consequently, we examine the relative contribution to the non-dominated set from a variety of population seeding strategies, including exact solvers and greedy algorithms for the knapsack and tour components, and random techniques. We introduce this responsive seeding extension within an evolutionary algorithm framework. The efficacy of alternative seeding mechanisms is evaluated across a range of exemplary problem instances using ranking-based and quantitative statistical comparisons, which combines performance measurements taken throughout the optimization. Our detailed experiments show that the different dynamic TTP instances present varying difficulty to the seeding methods tested. We posit the dynamic TTP as a suitable benchmark capable of generating problem instances with different controllable characteristics aligning with many real-world problems.

Implementation of Organizational Culture and Personal ISO at PT. Anindya Wiraputra Konsult Kendari Branch

This article discusses the Team FIB-UHO industrial visit, as well as efforts to strengthen organizational culture in implementing the ISO Quality Management System at PT. Anindya Wiraputra Konsult (ANINDYA) Kendari Branch. This activity aims to open up space for collaboration regarding industrial literacy and the world of work for campuses by looking at the implementation of the ISO system in supporting partner activities and paying attention to factors that support and hinder its implementation. The ISO Quality Management System, starting from ISO 9001, ISO 14001, ISO 45001, to ISO 17020 certification, has an impact on activities at ANIDYA and the expansion of the world of work. The activity technique is carried out using collaborative observation, in-depth observation results, document analysis, and questions and answers with staff and partner employees selected purposively, as well as distributing questionnaires to clients. Data shows that the quality of human resources in the industrial world is not just a diploma, but also requires personal certification, as well as consistent and continuous training. Other results show strict and evaluative process standards, as well as a positive attitude and culture as a professional company that places competitors as benchmarks to support strengthening the quality and quantity of work, strategically providing service satisfaction to consumers and profit value for the company.

Pengaruh Profitabilitas Dan Leverage Terhadap Pengurangan Pajak (Penelitian Pada Perusahaan Pertambangan Yang Terdaftar Di Bursa Efek Indonesia Tahun 2018-2022)


 The Indonesian government is increasingly optimizing tax revenues as a source of income. The implementation of tax collection by the government does not always receive a good response from companies or agencies. The government pays quite a lot of attention to taxes so the government expects tax payments to be as high as possible to finance government programs. However, unlike companies, taxes describe costs or burdens that will reduce a company's net profit, so companies will pay taxes as low as possible. This research aims to know whether profitability and leverage influence tax avoidance in mining sector companies listed on the Indonesia Stock Exchange in 2018-2022. The factors tested in this research are profitability and leverage as the independent variable, while tax avoidance as the dependent variable. The research method used in this research is descriptive and verification. The population in this research is mining sector companies listed on the Indonesia Stock Exchange for the 2018-2022 period. The sampling technique used in this research is non-probability sampling with a purposive sampling method. The data analysis used in this research is multiple regression analysis using Eviews 12. The results show that partially and simultaneously, profitability and leverage do not affect tax avoidance. The research results also show that the value of profitability and leverage influencing tax avoidance is 6.51%, and the remaining 93.49% influenced by other variables outside the research.
 Keywords: profitability, leverage, tax avoidance