Resources Tbk Research Articles

Financial Performance Analysis in PT. Bayan Resources Tbk 2020-2022 Period

When investing capital, financial performance must be analyzed first by investors by carrying out financial analysis by calculating ratios. In this research, the ratios used include current ratio, quick ratio, debt to total assets, debt to equity, ROA, ROE, inventory turnover and total asset turnover. The aim of this research was to understand and analyze the financial performance of PT Bayan Resources Tbk in the 2020-2022 period based on liquidity, solvency, profitability and activity ratios. The analytical method used in this research is descriptive qualitative. The results of the research conducted state that PT Bayan Resources Tbk has the ability to cover its short- term liabilities by managing total current assets and capital owned, the company can also generate increased profits by managing assets and capital and the company is not yet able to manage total assets that can generate sales.

Monitoring of pH level for maximizing oil palm ffb yields

Depending on the location of estates and types of soils, monitoring of pH changes is an integral part of soil-water management for realizing sustainable Fresh Fruit Bunches (FFB) yields. In Sumber Tani Agung Resources Tbk, fluctuations in pH levels in field blocks as well as nearby drains were monitored since 2019. The usage of portable units of pH meters made it possible for planters to record and monitor the on-site changes in pH. Monitoring of pH was done on two types of soils namely peat (three estates in North Sumatra) and acid sulfate soils (two estates in South Sumatra). Piezometer was established in each block in all five estates and pH reading was taken biweekly, including at nearby watergates for comparison. Lower pH values ranging from 3.5 to 3.7 were observed at piezometers and water gates on blocks established on acid sulfate soils as compared to pH values recorded in peat areas where slightly higher pH values were registered (4.3 to 5.6). The presence of pyrite contributed to a lower range of pH values on acid sulfate soils. Keeping water level at 40-70 cm on peat and at 45-60 cm for acid sulfate soils would have an impact on the improvement of soil physical chemistry and biology properties, besides creating aerobic conditions for roots of the cultivated oil palms. Organic fertilizer such as bunch ash was applied in the 2020-2021 period which also resulted in an increment in pH values. Generally, there were improvements in oil palm growth as well as palm yield performance in areas with higher pH values (>4.50).

Pembuatan Aplikasi Persediaan Barang Berbasis Web Pada PT. Bayan Resources Tbk

This research aims to design and implement a web-based Goods Inventory Information System at PT Bayan Resources Tbk. The company faces challenges in inventory management, such as stock uncertainty, variations in order cycle time, and operational efficiency levels that need to be improved. Waterfall method is used as a framework for system development, with stages of requirement analysis, design, implementation, testing, and maintenance. The system is designed to improve operational efficiency through integration of inventory data, order management, and item tracking. The result is a web-based application with features such as a secure login page, informative dashboard, master data management, efficient input of incoming and outgoing goods, and careful user control. With the implementation of dark mode, the system gives users the flexibility to customize the display according to their preferences. Users can easily access, track, and analyze inventory data, supporting faster and more accurate decision-making for the company.

Analisis Pelaporan Keuangan Segmen Pada PT. Bayan Resources Tbk

Companies that go public on average will definitely have financial reports, because to find out whether the company provides financial statement data tools that describe the company's performance in each period as a tool for making decisions and being accountable to related parties. This report is made with the aim of making it easier for report users to see the total behind the consolidated figures to the individual components that make up the entity. One of the financial statements is a segment financial report. The segment financial report is a report that provides information data that is important enough to determine the company's performance in the form of profit contributions that grow in various geographic industrial areas. This research was taken from a sample of PT.Bayan Resources Tbk from the period 2018-2022 in accordance with PSAK number 5. PT.Bayan Resources Tbk has 2 segments, namely coal and non-coal segments. Data was collected through literal research techniques. Data analysis is done quantitatively. The technique used is the Purposive Technique which is tested there is a revenue test, asset test and profit and loss test. The results of this study indicate that the segments at PT Bayan Resources Tbk in the profit and loss and asset tests have not met the 10% test in segment reporting.

Financial Distress Analysis of Textile and Garment Companies Listed on the Indonesian Stock Exchange

Results study this shows that several company textiles And garments are listed on the IDX with sound performance and bad. No, there is a company with good performance finance. A company that owns performance fewer finances Good in the category vulnerable is Sunson Textile Manufacture Tbk And Trisula International Tbk. This company, on average, on the position of Gray Area (prone) or is in between the range of 1.81 to 2.99. A company that owns bad performance finances (bankruptcy) or experience difficulty financially (financial distress) are PT Panasia Indo resources Tbk, Asia Pacific Investama Tbk, Ricky Putra Globalindo Tbk, and Star Petrochem Tbk. This company's average value is under 1.81, which is limited from the category performing company finance badly (broke). Furthermore, researchers can add or compare the author's analysis model use with other analytical models related to the method Altman Z-Score so that they can analyze giving problems results And input to the company.

COMPARATIVE ANALYSIS OF ALTMAN, SPRINGATE AND ZMIJEWSKI MODELS IN PREDICTING BANKRUPTCY

This study aims to determine the potential for bankruptcy in timber sub-sector companies and their management that are listed on the Indonesia Stock Exchange for the 2017-2020 period using the Altman, Springate, and Zmijewski models and to find out the comparison of the three models. This type of research is quantitative research. The research population is the company's sub-sector of wood and its processing. The research sample is PT. SLJ Global Tbk (SULI) and PT. Tirta Mahakam Resources Tbk (TIRT). Data analysis techniques use the Altman, Springate, and Zmijewski models. The results of the study show that SULI and TIRT are predicted to experience potential bankruptcy in 2017-2021 using the Altman and Zmijewski model. 2018-2021 for SULI and 2020-2021 for TIRT using the Springate model. The results of the Mann Whitney test show that there is no difference in predicting the potential for bankruptcy of SULI and TIRT using the three models.

BANKRUPTCY PREDICTION ANALYSIS USING THE GROVER AND OHLSON MODELS IN WOOD AND ITS MANAGEMENT SUB-SECTOR COMPANIES THAT ARE LISTED ON THE IDX

This study aims to predict bankruptcy and also to find out the differences in predictions in timber sub-sector companies and their management during 2017-2021 using the Grover and Ohlson models. The type of research used is quantitative research with the research population being wood sub-sector companies and their management listed on the IDX. The sample in the study was PT. SLJ Global Tbk (SULI) and PT. Tirta Mahakam Resources Tbk (TIRT). Data analysis techniques use Grover and Ohlson models.The results showed that by using the Grover PT. SLJ Global Tbk (SULI) in 2018-2021 and PT. Tirta Mahakam Resources Tbk (TIRT) in 2019-2021 is predicted to go bankrupt. Ohlson's own model predicts that in 2017-2021 both companies go bankrupt. Mann Whitney's test results found that there was no difference in predicting the potential bankruptcy of SULI and TIRT using the Grover model with Ohlson.

Penerapan pelaporan sosial pada perusahaan sektor energi yang sudah terdaftar di Bursa Efek Indonesia

This study aims to analyze the company's Corporate Social Responsibility disclosures presented in the Sustainability Report based on the latest reporting standards issued by the Global Reporting Initiative, namely the GRI Standards, and to find out the implementation of the Corporate Social Responsibility (CSR) Report conducted by PT Elnusa Tbk, PT Medco Energy Internasional. Tbk, PT Perusahaan Gas Negara Tbk, PT Adaro Energy Tbk. PT AKR Corporindo Tbk, PT Indika Energy Tbk, PT Energi Mega Persada Tbk, PT Bumi Resources Tbk, PT Super Energy Tbk, and PT Ratu Prabu Energy Tbk. This research uses descriptive qualitative method. Descriptive qualitative is used in this study where the author describes the object of research according to the actual situation by collecting what is needed and related to interpret and compare the results of his analysis of energy sector companies for conclusions. The conclusion is that by using the GRI standards for CSR reporting, the report not only informs the process of implementing CSR, but also informs the wider community about the company's profile and strategy, as well as the management approach taken and other economic benefits.

Peran manajemen SDM dalam pengembangan karir karyawan pada PT. Atlas Resources Tbk Jakarta Selatan

The purpose of this study is to examine and explain how the role of human resource management in the career development of employees at PT. Atlas Resources Tbk South Jakarta. The research method used is to use a qualitative design with data collection techniques in the form of observation, interviews and documentation. This research is a field research where the problem posed in this study is determined by the current problem, so for this research is a qualitative research with a phenomenological approach. This study uses a phenomenological approach where the author will see a reality related to the role of human resource management in the career development of employees at PT Atlas Resources Tbk, South Jakarta. To determine the role of human resource management in employee career development indicators are used, the indicators used include fair treatment in a career, concern for direct superiors, information about various promotion opportunities, interest in being promoted, and level of satisfaction. Role can be defined as a distinctive behavior that characterizes each person in a work group or social context that has a large influence on an event, while career development is a formal effort to improve and add abilities that are expected to have an impact on the development and expansion of knowledge, thereby opening up the opportunity to get a position or title that satisfies the life of an employee. From the research results it is known that the role of human resource management in employee career development at PT. Atlas Resources Tbk is in accordance with their respective functions, that each line, each department has its own role and function in accordance with the existing organizational structure in the company. Therefore, employees must be managed properly, namely by helping employees plan their future careers in the company so that employees and the company can develop themselves to the maximum so that they can assist the organization in achieving predetermined organizational goals.

Pengaruh Net Sales dan Current Ratio terhadap Earning per Share (EPS) pada PT. Bumi Resources Tbk yang terdaftar di Jakarta Islamic Indeks (JII)

This research is motivated by the assumption that Net Sales and Current Ratio affect Earning Per Share (EPS). It was stated by theory, namely when Net Sales rises and Current Ratio increases, Earning Per Share (EPS) increases, and vice versa if Net Sales decreases and Current Ratio decreases, Earning Per Share (EPS) decreases. The purpose of this study is to determine: (1) how much the influence of Net Sales have on Earning Per Share (EPS), (2) how much the influence of Current Ratio has on Earning Per Share (EPS), (3) how much the influence of Net Sales and Current Ratio to Earning Per Share (EPS) at PT. Bumi Resources Tbk. registered in the Jakarta Islamic Index (JII) for the period 2007 – 2016. The research method used is the descriptive analysis method with a quantitative approach which is analyzed partially, namely by simple regression analysis test, coefficient of determination, and t-test, and analyzed simultaneously with multiple regression analysis and F test. The data used in this study is data that is processed from the financial statements of PT. Bumi Resources Tbk.The results of this study show: (1) Net Sales has no significant effect on the Earning Per Share (EPS) of PT. Bumi Resources Tbk. accepted and the alternative hypothesis is rejected, (2) the alternative hypothesis which states that the Current Ratio has no significant effect on the Earning Per Share (EPS) of PT. Bumi Resources Tbk. accepted, (3) alternative hypothesis which states that Net Sales and Current Ratio have no significant effect on Earning Per Share (EPS) of PT. Bumi Resources Tbk. accepted. The result of the coefficient of determination is 17%. This shows that Earning Per Share (EPS) is influenced by the Net Sales and Current Ratio variables only by 17% and the remaining 83% is influenced by other factors outside of this study.

ANALYSIS OF RETURN ON ASSET AND RETURN ON EQUITY VALUES OF COAL COMPANIES IN THE INDONESIA STOCK EXCHANGE

Return on assets is a company's financial ratios related to profitability measuring the company's ability to generate profits or profits at a certain level of income, assets and share capital. Return on equity is part of the profitability ratio for this ratio shows the success of management in maximizing returns to investors. The data used are financial statement data published on the Indonesia Stock Exchange from 2018 to 2020, from which five companies selected as sample in this research. The results show that, based on the average return on assets, the five sampled companies are classified into very healthy criteria, with the ROA values of PT. Adaro Energy Tbk (5%), PT. Baramulti Suksessarana Tbk (17%), PT. Bayan Resources Tbk (27%), PT. Samindo Resources Tbk (17%), and PT. Harun Energy Tbk (8%). Moreover, based on the average return on equity, PT. Adaro Energy Tbk and PT. Harun Energy Tbk are classified into quite healthy criteria, with the percentages of 8% and 9%, respectively. Meanwhile, PT. Baramulti Suksessarana Tbk, PT. Bayan Resources, and PT. Samindo Resources Tbk are categorized into very healthy criteria, with the percentages of 27%, 49%, and 22%, respectively.

Point and Figure Portfolio Optimization using Hidden Markov Models and Its Application on the Bumi Resources Tbk Shares

AbstractThe problem of portfolio optimization is to select a trading strategy which maximizes the expected terminal wealth. Since the stocks are traded at discrete random times in a real-world market, we are interested in a time sampling method. The sampling of stock price is obtained from the process of time sampling which is used in a point and figure chart. Point and figure (PF) chart displays the up and down movements of unbalanced stock prices. The basic idea is to describe essential movements of the unbalanced stock prices using a hidden Markov model. The model parameters are transition probability matrices. They are estimated using maximum likelihood method and expectation maximization algorithm. The estimation procedure involves change of measure. The model is then applied to the stock price of Bumi Resources Tbk. collected on a daily basis. The estimated parameters are used to calculate the optimal portfolio using a recursive algorithm. The results show that the discrete hidden Markov model can be applied to describe essential movements of the stock price. The best result gives 93.63% accuracy of the estimate of observation sequence with mean absolute percentage error (MAPE) 3.63%. The numerical calculation shows that the optimal logarithmic PF-portfolio increases the wealth.Keywords: point and figure portfolio; optimization portfolio; discrete hidden Markov model; expectation maximization algorithm; stock price of Bumi Resources Tbk. AbstrakMasalah pengoptimalan portofolio adalah pemilihan strategi perdagangan yang dapat memaksimalkan kekayaan terminal yang diharapkan. Karena di pasar dunia nyata, saham diperdagangkan pada waktu acak yang berbeda, sehingga kami tertarik pada metode pengambilan sampel waktu. Proses pengambilan sampel waktu diperoleh sampling harga saham yang digunakan dalam diagram point and figure (PF-chart). Grafik point and figure hanya menampilkan pergerakan naik atau turun harga saham yang tidak seimbang. Ide dasarnya adalah untuk mendeskripsikan pergerakan esensial dari harga saham yang tidak seimbang menggunakan model hidden Markov. Parameter dari model ini adalah matriks probabilitas transisi. Parameter diestimasi menggunakan metode maximum likelihood dan algoritma expectation maximization. Prosedur estimasi melibatkan perubahan ukuran. Model ini kemudian diaplikasikan pada harga saham Bumi Resources Tbk. dari tanggal 2 Januari 2007 sampai dengan 31 Januari 2011. Hasil estimasi parameter tersebut digunakan untuk menghitung portofolio optimal menggunakan algoritma rekursif. Hasil penelitian ini menunjukkan bahwa model hidden Markov diskrit dapat diterapkan untuk menggambarkan pergerakan esensial dari harga saham. Model terbaik memberikan akurasi 93.63% dari estimasi deretan observasi dengan mean absolute percentage error (MAPE) 3,63% dan 5 faktor penyebab kejadian. Perhitungan numerik menunjukkan bahwa logaritma portofolio-PF yang optimal dapat meningkatkan kekayaan.Kata kunci: portofolio point and figure; optimalisasi portofolio; model hidden Markov diskrit; algoritma expectation maximization; harga saham PT Bumi Resources.

The Influence of Individual Characteristics on Employee Performance of PT Sinarmas Agro Resources and Technology Tbk (SMART)

The Influence of Individual Characteristics on Employee Performance of PT Sinarmas Agro Resources and Technology Tbk (SMART)

FINANCIAL DISTRESS ANALYSIS USING THE ZMIJEWSKI METHOD

This study aimed to determine the level of financial distress of the company using the Zmijewski method and conducted on three companies listed on the Indonesia Stock Exchange, namely PT Bakrieland Development Tbk, PT Central Omega Resources Tbk and PT Buana Lintas Lautan Tbk who received warnings from the IDX due to the delay in submitting financial reports. The results: the three companies are in good condition, with no financial distress. PT Bakrieland Development Tbk and PT Buana Lintas Lautan Tbk showed an increase in performance during the year 2016-2018 but PT Central Omega Resources Tbk decreased during the year 2016-2018. Companies are required to maintain the ability to meet their obligations and reduce the level of obligation so that it can be maintained does not lead to financial distress. Delays in the delivery of financial statements must be reduced so as not to harm investors. Analysis of financial distress needs to be continued to determine the company's financial condition. Contrast to previous studies that analyzed financial distress by comparing testing models and testing on companies listed on the IDX, this study focused on testing companies that received IDX warnings due to late financial reporting.

ANALYSIS OF INTERNAL FACTORS THAT AFFECTING THE DECISION OF HEDGING IN COMPANIES MINING SECTORS LISTED ON BURSA EFEK INDONESIA

The aim of this studies were determining and analyzing the internal factors influence the hedging decision of mining sector company listed on the IDX from 2015-2018 with internal factors, such as financial distress, underinvestment and asset substitution problem. The population of this study consisted of 41 companies. Which was using purposive sampling obtained 12 sampel companies. The analys tecnique used is descriptive statistics. Based on the results of descriptive statistical analys showed there were no companies have been able to meet the average standard of internal factors during the year of this study so many companies have not been able to meet the average standard to do hedging to avoid the risk of internal hedging factors. There was one company has been able to meet the average underinvestment standard, it called the Market to Book Value (MBV) variable during the year of the research, it named namely PT. Bumi Resources Tbk. The next study can be expected to use the company’s hedging disclosure indicators outside of this studies such as external factors there were interest rates and currency exchange and measure the internal factors by adding the variables which can be used to increase the results of the study over all.

Women's Social Network in The Worker Union of PT. Tirta Mahakam Resources Tbk

ABSTRACT:
 This study aims to analyze the social networks of women workers in the KASBI Labor Union. The union was founded in 2005 to fight for women workers who work in the PT. Tirta Mahakam Resources Tbk. In a factory that is predominantly women, the need for a union is a must as a means of protection. For this reason, the existence of the Union is very dependent on the struggle of women in it. From the observations, it can be identified that six actors are the centers of information for women labor union members. Divided into categories of stars (Star) and opinion leaders (Opinion Leader) and recruitment. From the observations, six actors have the most extensive social networks among other individuals. The six actors also have different interaction models, this is a potential asset for both the actor and the Union. There are three networks in it, namely interest networking (interests), sentiment networking (emotional network), and power networking (power network). The typology of social capital of the Union is also to bridge the bridging of social capital, which is that it leads to the search for joint answers to solve problems faced by the group and is open to other unions.
 ABSTRAK:
 Penelitian ini bertujuan menganalisis jaringan sosial buruh perempuan di dalam Serikat Buruh KASBI. Serikat yang berdiri pada tahun 2005 dalam upaya perjuangan buruh perempuan yang bekerja di dalam pabrik PT. Tirta Mahakam Resources Tbk. didalam pabrik yang mayoritas perempuan, Kebutuhan akan adanya Serikat merupakan keharusan sebagai sebuah wadah perlindungan. Untuk itu eksistensi Serikat sangat tergantung pada perjuangan perempuan di dalamnya. Dari hasil pengamatan dapat diidentifikasi terdapat enam aktor yang menjadi pusat informasi bagi anggota Serikat Buruh perempuan. Terbagi menjadi kategori bintang (Star) dan pemimpin opini (Opinion Leader) dan rekrutmen. Dari hasil pengamatan, terdapat enam aktor memiliki jaringan sosial yang paling luas diantara indivisu-individu lainya. Keenam aktor juga memiliki model interaksi yang berbeda-beda, hal tersebut merupkan modal yang potensial bagi aktor maupun Serikat. Terdapat tiga jaringan di dalamnya yaitu jaringan interest networking (kepentingan), sentiment networking (jaringan emosi), dan power networking (jaringan kekuasaan). Tipologi modal sosial Serikatpun bersifat menjembatani bridging social capital yaitu yang mengarah kepada pencarian jawaban bersama untuk menyelesaikan masalah yang dihadapi oleh kelompok serta terbuka kepada Serikat lain.

ANALISIS SUMBER DAN PENGGUNAAN KAS PADA PT. TIRTA MAHAKAM RESOURCES TBK BUKUAN

The purpose of this study was to determine whether the source of cash receipts is greater than the source of cash usage at PT. Mahakam Resources Tbk Bukuan. This study uses a descriptive method with a quantitative approach by comparing financial statements (balance sheets / statements of financial position) in 2015 compared with 2016 at PT. Mahakam Resources Tbk Bukuan. From the results of the analysis, it can be seen that the source of cash receipts at PT. Mahakam Resources Tbk Bukuan experienced a decrease in cash in 2016 amounting to Rp -338,652,449 from cash sources of Rp 99,977,724,508 and cash usage of Rp 130,170,313,317 and thus the hypothesis proposed can be accepted.

EXISTENCE AND DEVELOPMENT GROUP COMPANIES IN THE MINING SECTOR (PT. BUMI RESOURCES Tbk)


 
 
 PT. Bumi Resources Tbk. has absolute controlling shares of its subsidiaries (subsidiaries), so PT. Bumi Resources Tbk. can control, coordinate and be absolutely responsible for the operational activities of its subsidiaries. To expand its network, PT. Bumi Resources Tbk. formed a subholding company, PT. Bumi Resources Mineral Tbk. (BRM). BRM focuses on being a holding company that manages several subsidiaries engaged in the non-coal business. The establishment of this subholding cannot be separated from the expansion carried out by PT. Bumi Resources Tbk. which has acquired several non-coal mineral companies, including Calipso Investment Pte Ltd (99%), International Minerals Company, LCC (100%), Lemington Investments Pte.Ltd (99%), PT. Citra Palu Minerals (96.97%), PT. Dairi Prima Mineral (80%), PT. Multi Capital (99%), and PT. Sarkea Prima Minerals (20%). These companies subsequently become subsidiaries and / or affiliates of PT. Bumi Resources Mineral Tbk.
 
 

Analysis of Financial Performance Using Du Pont System Approach

The research was conducted to be used as an evaluation of financial performance using analysis measurement of Du Pont System with quantitative descriptive approach. The analysis was more thorough and it could identify how strong of relationship of profit margin, asset turnover, use of debt and ROI on ROE at textile and garment industry company listed in IDX during 2015-2017 periods which encompassed PT Argo Pantes Tbk, PT Century Textile Industry Tbk, PT Eratex Djaja Tbk, PT Ever Shine Textile Industry Tbk, PT Panasia Indo Resources Tbk, PT Asia Pasific Investama Tbk, PT Asia Pasific Fibers Tbk, and PT Sri Rejeki Isman Tbk by using Du Pont System analysis, with variabels of NPM, TATO, ROI and ROE. The finding of research showed that ROE and ROI at textile and garment industry listed in IDX for 2015-2017 periods was less good due to only 3 companies out of 8 which had very good result of ROI and ROE which were PT. Eratex Djaja Tbk, PT Sri Rejeki Isman Tbk and PT Asia Pasific Investama Tbk and it meant the financial performance was good. Meanwhile the rest 5 companies always showed negative value and result of ROI and ROE was less good with one company for being the lowest namely PT Panasia Indoe Resources Tbk which showed the value of ROI and ROE that was prone to decline year by year.

ANALISIS PERANAN ACTIVITY BASED COSTING SYSTEM PADA PT. TIRTA MAHAKAM RESOURCES TBK. DI SAMARINDA

The purpose of this paper is to find out the magnitude of the results of the imposition of Factory Overhead Costs on each product by implementing the Activity Based Costing System. The calculation results show that the difference in the burden of factory overhead using the traditional management accounting system with Activity Based Costing System shows that there are differences in each product, Plywood, Sawmill and Fancywood absorb factory overhead costs with traditional management accounting systems lower than Activity Based methods. Costing System (ABC) with costs of Rp. 5,056,946,700, -, Rp. 955,958,600 and Rp. 1,311,464,900 respectively, while Blockboard and Coating products absorb factory overhead costs using the Activity Based Costing System (ABC) method more. lower than the traditional management accounting system method with costs of Rp. 4,994,382,200 and Rp. 2,315,936,800The results of the per M3 cost calculation using the traditional management accounting system with Activity Based Costing System for each type of product produced by PT. Tirta Mahakam Resources Tbk. For Plywood, Sawmill and Fancywood products the difference in cost of goods with traditional accounting systems is lower than the activitybased costing system, while Blockboard products and coatings have a difference in the cost of products with an Activity Based Costing System lower than traditional accounting systems. The results of the calculation of product cost of the five products with the imposition of factory overhead costs using Activity Based Costing System illustrate the pattern of consumption of factory overhead costs which better reflects the amount of costs absorbed by each product. This is due to the fact that the Activity Based Costing System has a more cost center, so that the use of resources can be followed carefully to the cost center that consumes it. Thus, it can be seen that the Activity Based Costing System results in the loading of factory overhead costs which better reflect the amount of costs absorbed by each product than the traditional management accounting system.