Results Of Financial Analysis Research Articles

Disadvantages of the methodology and practice of analysis of the financial status of the enterprise: causes, consequences, ways of elimination

Today, businesses operate in conditions of significant competition and a high level of unpredictability of changes in the environment. Therefore, for each company even more important is the importance of making optimal management decisions. A significant number of decisions are made based on the results of the analysis of the financial condition of the enterprise. However, the existing methodology and practice of financial analysis have many different types of shortcomings that significantly distort the results of the analysis. The main shortcomings can be grouped into the following groups: organizational, methodological, technical, legislative, conceptual, informational. As a result of their presence, many users of financial information form incorrect conclusions and make suboptimal management decisions, which negatively affects the future results of the enterprise, related entities and the economy in general. Therefore, the purpose of scientific work is to study the shortcomings of the methodology and practice of financial analysis, and to find ways to address these shortcomings. The article examines foreign and domestic experience in analysing the financial condition of enterprises; identified and grouped the shortcomings of the methodology and practice of this type of analysis; the importance of taking into account the factors of its internal and external environments during the analysis of the financial condition of the enterprise is substantiated; recommendations for eliminating a number of shortcomings of the analysis of the financial condition of enterprises are offered. The results of the study will help to obtain much more reliable results of financial analysis, which will improve the quality of management decisions of operational, tactical and strategic nature.

The potency of mungbeans enhancement in Sambas Regency West Kalimantan

Agricultural Development is very important as a motor of national economy. Local Resources need to be empowered to improve the welfare of the farming community. This empowerment impacts the problems and opportunities in the development of mungbeans in West Kalimantan. The Indonesian Ministry of Agriculture makes West Kalimantan Province as one of the priorities for the development of legumes and tuber Agro-industries. The development of legumes such as mungbeans is part of an effort to diversify food. This research was conducted in June to October 2017 in Sambas Regency, West Kalimantan. The methodology used is the PRA (Participatory Rural Appraisal) with 30 respondents farmers owners and traders. The results showed that Sambas Regency has the potency for enhancing mungbeans in West Kalimantan. This is supported by natural resources, land resources and farmer resources. From the results of financial analysis in 4 sub districts in Sambas Regency, it can be seen that the highest net income received by farmers in the Teluk Keramat District is IDR. 17,136,750, - with an R / C value of 3.49 and B / C ratio of 2.49.

Evaluation of financial statements of sports clubs for 2019 and 2020 operational periods in terms of the covid-19 pandemic and research in terms of financial risk

The Covid-19 pandemic and the accompanying uncertainties deeply affected the activities and financial structures of businesses and caused negative effects on their financial statements in many respects. Sports clubs are at the top of the list of businesses that suffer the most from the negativities of the pandemic process and experience a lot of loss in their financial and operational activities. Considering the developments both in Europe and in the World, the temporary postponement of sports matches, the start of competitions without spectators, the restructuring of club debts have seriously affected sports clubs, which are currently experiencing economic difficulties, deteriorate their liquidity, cash flows and increase uncertainty by making debt payments difficult. In addition, as the impact of risks on future performance increases, risk management practices have gained importance. In this context, information on the current ratio, cash ratio, financial leverage ratio, financing ratio, debt/equity ratio, and financial risk ratio obtained from the financial statement data for the period of 2019 and 2020 were used to evaluate the financial risk levels of 12 sports clubs. The deterioration in the financial structures of the sports clubs most affected by the pandemic process was examined and the risks encountered were discussed. In addition, the comparative financial analysis results were evaluated by analysing the effect of the financial structure and financial reporting of the clubs.

Economic Analysis of a Massively Populated Internet of Things System: An Agent-Based Simulation Approach

With 212 locations serving a geographical area three times the size of the state of Texas, our international client has been experiencing unexpected failures in his portfolio of thousands of refrigeration units, resulting in an associated loss of $1.4 million. These losses have been attributed to lapses in food quality caused by improper refrigeration, and the adopted reactive maintenance strategy of the refrigeration units. To assist our client in complying with the cold-chain regulations of food safety and mitigate such losses, the agent-based simulation was used to model and assess the viability of two distinct massively populated Internet of Things (IoT) alternatives. The first (alternative A) involves monitoring the availability of each of the refrigeration units and signaling for the initiation of repair processes and food removal from failed units when the cooling temperature differs from a specified threshold and a more sophisticated and expensive alternative B that involves the adoption of the added capability of a condition-based predictive maintenance strategy to reduce unplanned downtime and mitigate or eliminate the causes of failure. Using historical data, a simulation of the current operations was first modeled, validated, and then augmented with capabilities to address the operational characteristics of the proposed IoT implementations. Results of financial analysis results including the probabilistic risk analyses, that account for the variations and the probability distributions of the assumption parameters, showed alternative A to be superior, with a mean net present value (NPV) of $416,703, and a modified IRR of about 18.77% exceeding the project cost of capital of 12.80% with complete certainty. The client was also advised that a 30% reduction in the acquisition cost would make investment B as viable as investment A.

Proporsi Tepung Beras Merah dan Tepung Kedelai terhadap Kualitas Wingko

Wingko is a traditional food that has potenstial to be developed. Diversification of wingko can be done by using brown rice flour and soybean flour, which also expected to increase the nutritional content of wingko. The research objective 1). To determine the effect of the proportion of glutinous rice flour, brown rice flour, and soybean flour on the quality of wingko, 2) To determine the financial feasibility of wingko. This research used factorial randomized block design. Factor 1 is brown rice flour and factor 2 is soybean flour. The parameters tested were moisture, ash, crude fiber, protein, and organoleptic tests which included aroma, taste, color, and texture, as well rancidity (physical), and microbial tests (visually). Selection of alternatives using the expectation value methods. Financial feasibility parameters include BEP (Break Even Point), NPM (Net Present Value), IRR (Internal Rate of Return), and PP (Payback Period).The result showed that B2K1 treatment was selected with total expectation value 7.66. This treatment has a yield percentage 9.75%, 13.48% moisture content, 1.96% ash, 6.45% protein, 7.50% crude fiber, 34.60% aroma parameters, 45.60% taste, 40.00% texture, and 13.30% color. The results of financial analysis with parameters of BEP, NPV, IRR,and PP can be concluded that wingko production business design is feasible to be developed

Upland rice productivity and farming feasibility between the palm oil plant in dry land on Jambi Province

The objectives of the study are (1) to find out the growth and productivity of upland rice, (2) to find out high upland rice varieties and the feasibility of farming between upland oil palm plants. This activity was carried out in the area of young oil palm plantations aged 2 years in Pelayangan Village, Muara Tembesi sub District, Batanghari District, Jambi Province from May to August 2016. The rice varieties were Inpago 5, Inpago 8, Inpago 9 and local upland rice with 1 ha area. The results of the study showed that the Inpago 9 variety gave the highest yield of 3.53 t/ha. The results of financial analysis show that Inpago 9 variety provides the highest income with an R/C value of 1.54. Inpago 9 variety has better growth and yield and resistance to drought stress than other varieties and is suitable for development in dry land. Inpago 9 variety has better growth and yield and resistance to drought stress than other varieties and is suitable for development in dry land.

KELAYAKAN PENGEMBANGAN USAHA GULA SEMUT CV AGROBERDIKARI DI KECAMATAN SEMPOR, KABUPATEN KEBUMEN

Crystal sugar has a high potency to develop because of the growing demand for crystal sugar on a local and international scale. CV Agroberdikari is a company that produces crystal sugar in Kebumen District. The company needs investment to develop a development that increases the production of crystal sugar. Feasibility analysis needs to be done to see whether or not the business is executed when the company is developing based on non-financial aspects and financial aspects. Aspects assessed on non-financial aspects are market aspects, technical aspects, management and legal aspects, social and economic aspects, and environmental aspects. Assessment on financial aspects based on investment criteria of NPV, Net B/C, IRR and Payback Period and sensitivity analysis. Analysis results of non-financial aspects that the business is declared worthy to run. Analysis of financial aspects under normal conditions resulted in NPV Rp 708.012.338, Net B/C 2,64, IRR 29 per cent and PP 5,7 years. In development, conditions produce NPV Rp 1.003.257.059, Net B/C 3,74, IRR 45 per cent, and PP 4,9 year. The results of financial analysis can be stated that business development is worthy to run. The results of sensitivity analytic showed that the price increase of raw materials was more sensitive than the decrease in sugar production. Companies need to increase the number of suppliers of raw materials and add investment goods to increase consumer demand can be fulfilled and anticipate the increase of raw material prices.

Biogas : Alternative energy on supporting environmentally coffee shop in Samosir Island

Samosir Island is one of tourism destination in Indonesia and there was an increasing of coffee shop number. This research tries to investigate how much financial profit received by coffee shop if it use biogas as a new energy source. This research had been conducted from April to June 2018. Research parameter were production costs, income, revenue, Benefit Cost Ratio, Revenue Cost Ratio, Return On Investment, Break Even Point, and identify opportunities, threats, strengths and weaknesses by SWOT analysis to identify whether the community of Samosir is willing to use biogas. The results of financial analysis namely production cost IDR 1,964,500; income of IDR.4,360,000; revenue of IDR. 2,303,000; B/C (%) was 79.7; R/C (%) was 151; ROI (year) of 1.6; BEP Price was IDR. 5,302; BEP Production of 361 glass. By SWOT Analysis it was known that development strategies are taken place include socialize biogas technology, benefits of biogas on energy, fertilizer and soil quality to the community, benefits of biogas in saving fuel purchases and providing biogas stock devices on biogas group. The result showed that biogas was worthy of being used as a new energy source on the coffee shop business on Samosir Island.

Feasibility of New Superior Varieties in Sub-optimal Dry Land in Sarmi Regency, Papua

Analysis of soybean farming on dry land through the Integrated Crop Management (ICM) approach has been carried out by the team in Tetom Village, Bonggo District, Sarmi Regency. This study aims to analyze the feasibility of soybean farming and the benefits of applying ICM technology with a Dem-farm approach of 6 ha, compared to the way farmers around. The study conducted from May to September 2015. The method used is on-farm research. To find out the feasibility of soybean farming using the R / C ratio, B/C ratio, the result showed that the Dering 1 variety gave the highest yield of 2.52 t / ha, Anjasmoro 1.18 t / ha, Kaba 1.03 t/ha, Galunggung 0.90 t/ha, and the finest varieties are Burangrang 0.61 t / ha and Tanggamus 0.60 t/ha. Based on the results of financial analysis, the introduction of soybean varieties can benefit farmers; namely, the Dering 1 variety has a very high profit of Rp. 8,995,000 with R /C 2.29 and B/C 1.92, while the lowest profit is Rp. 715,000 with R/C 1.15 and B /C 0.15. Thus illustrating that the Dering 1 and Anjasmoro varieties provide higher returns than other varieties and are financially feasible to develop.

Feasibility Study on the Application of Biogas from Buffalo Faeces as Source of Energy on Coffee Shops

This study aims to investigate whether bio gas from buffalo faeces can be used as a new substitute energy for other energy sources namely LPG gas and kerosene for coffee shop. This research was conducted at the coffee shop owned by Mr. Saragih in Lumban Suhi-suhi Village, Pangururan District, Samosir Regency, from April to June 2018. This research was a feasibility study using bio gas as an energy source for cooking. Then calculated financial analysis and observed with SWOT analysis. Parameters observed were production costs, revenues, income, Benefit Cost Ratio (B / C), Revenue Cost Ratio (R / C), Return On Investment (ROI), Break Even Point (BEP), and SWOT Matrix. The results of financial analysis were calculated using the bio gas unit, namely the production cost of Rp 2,167,000; revenue of Rp. 4,360,000; income of Rp. 2,193,000; B / C is 1.01, R / C is 2.02; ROI of 50.3%; BEP Price is Rp. 3,976; BEP Production of 270 glasses. Development strategies included promoting bio-gas devices to the community, improving service in coffee shops, improving product quality, making coffee shops that are modern and unique from others, and making faeces banks.

Financial analysis of direct application of reactive phosphate rock fertilizer on corn farming on upland acid soils

Indonesia has extensive upland acid soils, which is around 99.6 million hectares spread across Sumatera, Kalimantan and Papua Islands. The use of upland acid soils for food crops is an urgent need because of the government’s self-sufficiency target, including corn. The level of nutrient in upland acid soils is relatively low so it requires adequate input of ameliorant, inorganic and organic fertilizers to produce high corn yield. A demonstration farm of corn based on the direct application of reactive phosphate rock (RPR) fertilizer was carried out in rainy season 2018/2019 by involving three farmer groups as cooperative farmers, with an area of 50 ha in Margosari village, Metrokibang subdistrict, Lampung Timur Regency. This paper presents the results of financial analysis of corn farming at the demonstration farm area. Data was gathered from 52 farmers (43.7% of the cooperative farmers) which randomly selected as survey respondents. The results of the analysis showed that balanced fertilization using RPR as much as 1 t ha−1 as a source of P fertilizer was financially benefited to farmers. The average corn productivity of hybrid varieties reached 14.357 t ha−1 and it gave an R/C ratio of 1.8.

Assessing the feasibility of forest plantation of native species: A case study of Agathis dammara and Eusideroxylon zwageri in Balikpapan, East Kalimantan, Indonesia

Abstract. Setiawan B, Lahjie AM, Yusuf S, Ruslim Y. 2019. Assessing the feasibility of forest plantation of native species: A case study of Agathis dammara and Eusideroxylon zwageri in Balikpapan, East Kalimantan, Indonesia. Biodiversitas 20: 2453-2461. Plantation forest using native species is very important effort to support biodiversity conservation. Still, analysis on its feasibility is needed to guarantee the sustainable forest management. The research aims were to assess the feasibility of plantation forestry of Agathis dammara and Eusideroxylon zwageri based on production models and financial simulation of stands management. The production models were developed based on plantation forests in Balikpapan, East Kalimantan, Indonesia. Using these plantation we developed models to estimate tree volume, total volume per hectare, Mean Annual Volume Increment (MAI) and Current Annual Increment (CAI) for each species. Financial analyses were carried out to assess the Pay Back Period (PBP), Net Present Value (NPV), Net Benefit/Cost (B/C) Ratio, Internal Rate of Return (IRR) and Equivalent Annual Annuity (EAA). The results of production model showed that A. dammara stands would reach optimum production at the age of 25 years while that of E. zwageri at the age of 150 years. A. dammara stands produce higher MAI of 15.67 m3ha-1 year-1 and total volume of 383.72 m3ha-1 than E. zwageri with MAI 1.89 m3ha-1 year-1 and total volume of 282.78 m3ha-1. The result of financial analysis showed that A. dammara plantation had the IRR higher than the Minimum Acceptable Rate (MAR) and the Net B/C Ratio of higher than 1, while E. zwageri had the Net B/C Ratio of lower than 1. A. dammara plantation also had a positive NPV value of IDR 78,699,974 while E. zwageri plantation had a negative NPV value of IDR 91,439,292. These results suggest that developing A. dammara plantation is more desirable than E. zwageri plantation.

A Comparison of Cost in Organic and Conventional Olive Oil Production in Greece

An economic analysis of conventional and organic olive oil cultivation was examined in one of the most important olive-growing regions in Greece. Based on structured interviews and open-ended questions of 60 farmers from both organic and conventional systems, this study aimed to clarify the cost and returns of organic olive oil cultivation in comparison with conventional farming. Olive oil cultivation cost was calculated as 2.60 € kg-1 in organic and 2.25 € kg-1 in conventional system. The selling price for organic olive production was 4.19 € kg-1 compared to 3.63 € kg-1 for conventional production. Net profit from organic olive oil cultivation was 7,043.43 € ha-1, which was 3,664.58 € ha-1 higher than the net profit from conventional cultivation. Finally, in both types of olive farming the results of financial analysis attested to a positive convenience; however, organic farming is more advantageous providing a financially competitive alternative to conventional.

The financial viability of artificial drying of forest chips, a case study from Northern Finland

The generation of energy from biomass has a relevant role in current international strategies to mitigate climate change. Particularly forest biomass is considered to be one of the leading renewable energy sources in European Union (EU) in the next few decades. Thus, every innovative solution contributing towards meeting the long-term renewable targets is called for. This study tackled a new approach: artificial drying of forest chips by applying the reserve heat from district-heating loop. We focused on estimating the effect of using an artificial drying system in a container on the financial incentives of heat entrepreneurs. Traditional forest fuel supply chain was compared to a fast forest fuel supply chain in which artificial drying was applied. In this study a heat entrepreneur is financially responsible for all the costs related to both forest fuel supply chains. A break-even price for energy used for artificial drying was determined so that the fast forest fuel supply chain would equal the traditional forest fuel supply chain in monetary terms, i.e. profitability. The case study covered seven end-use facilities located in Northern Finland and presenting an entity of app. 13–14 Gigawatt hours, GWh produced per annum. The results of financial analysis indicated that artificial drying of forest chips is financially viable for the heat entrepreneur if the productivity of the container exceeds ca. 3.6 dried bulk-m3 hour−1, given the observed moisture content (before and after artificial drying) in test runs. However, the results were considerably sensitive to the energy price of delivered stem chips (euros per Megawatt hour, € MWh−1). Furthermore, new technical solutions to increase the productivity of the container are welcomed since at the current productivity level (range from 2.5 to 3.6 bulk-m3 hour−1) artificial drying is barely financially attractive for a heat entrepreneur.

Study of Development Planning and Development Agrosilvopastoral for the Improvement of Village Economy in West Sumatra: (Case of Sumanik Village in Tanah Datar District)

West Sumatera has a cultivated area of 2,340,111,73 ha, that is a very potential land for the development of the agricultural sector: Food crops, woody plants, and livestock. The purpose of this research is to analyze perception, motivation, and readiness of farmer community of Sumanik Village to agrosilvopastura. As well as their preferences in choosing agricultural systems, to know the potential and existing problems in Sumanik Village to support agrosilvopastura, to analyze the impact of Agrosilvopastoral activities on the economics of Village farmers community in Sumanik ; And elaborate the most appropriate Agrosilvopastoral model that was applied in Sumanik Village while maintaining ecological, social and economic sustainability. The research was conducted in Sumanik Village in Tanah Datar District with descriptive method. Survey in February 2015 to December 2016, The results showed that the farmers of respondents in Sumanik village, positively perceptive to agrosilvpastura farming system, and motivated to do Agrosilvopastoral farming system, they tend to do Agrosilvopastoral in demonstration plot for learning.There are two problems in Sumanik Village, the first area of Sumanik is a dry area, so the right technology to develop the farm is needed. The second problem is, the communities in Sumanik do not have the capital to buy cattle. The result of financial analysis that was done was Agrosilvopastoral farming system have positive impact to farmer community economics in Sumanik Village which showed by business feasibility that is run NPV value Rp 92,193.13, IRR value 39,94%, ROI value 39.94, RC ratio 1.82, PBP 2.13 year, BEP every year is 9 head of cattle. From the research result formulated that Agrosilvopastoral model that most appropriately applied in Sumanik Village is in the form of Agrosilvopastoral communal farm.

Analisis Kelayakan Finansial Pabrik Penggilingan Beras Organik “BOTANIK” (Studi Kasus Unit Processing Padi Organik Tani Mandiri I di Desa Lombok Kulon Kecamatan Wonosari Kabupaten Bondowoso)

Organic rise is a rice which produce organically from paddy without using fertilizer and chemical perticides. The market demand on organic rice has increased drastically and effected on promising market prospect. Lombok Kulon village is one of the area di Bondowoso district has been applied organic farming on organic rice. Tani mandiri 1 is one of farmer group who are cultivating organic rice with the certificate. The subject of research was taken at Lombok Kulon village, Wonosari regency, Bondowoso district. The method of research was descriptive qualitative with purposive sampling. The objectives of the research are: (1) to analyze the financial structure; (2) To know the criteria of financial feasibility. The quantitave analysis is purposed to analyze the aspects of financial which are cash flow, NPV (Net Present Value), IRR (Internal Rate of Return), Net B/C Ratio, Payback Period and sensitivity analysis financial. The research showed that Unit Processing Padi Organik Tani Mandiri I was a viable unit based on the result of financial analysis. It was proved by NPV score which was Rp. 1.456.180.006 with 6 % of discount rate, the score of Net B/C Ratio was 1,65 or more than (>) 1, and IRR score was 23,80% or more than (>) 6% of bank interest rate.Organic rise is a rice which produce organically from paddy without using fertilizer and chemical perticides. The market demand on organic rice has increased drastically and effected on promising market prospect. Lombok Kulon village is one of the area di Bondowoso district has been applied organic farming on organic rice. Tani mandiri 1 is one of farmer group who are cultivating organic rice with the certificate. The subject of research was taken at Lombok Kulon village, Wonosari regency, Bondowoso district. The method of research was descriptive qualitative with purposive sampling. The objectives of the research are: (1) to analyze the financial structure; (2) To know the criteria of financial feasibility. The quantitave analysis is purposed to analyze the aspects of financial which are cash flow, NPV (Net Present Value), IRR (Internal Rate of Return), Net B/C Ratio, Payback Period and sensitivity analysis financial. The research showed that Unit Processing Padi Organik Tani Mandiri I was a viable unit based on the result of financial analysis. It was proved by NPV score which was Rp. 1.456.180.006 with 6 % of discount rate, the score of Net B/C Ratio was 1,65 or more than (>) 1, and IRR score was 23,80% or more than (>) 6% of bank interest rate.

Analisis Kelayakan Pengembangan Usaha Rumah Makan Krebo Jantan

At this time Krebo Jantan Restaurant has plans to conduct business development in the field of food. Krebo Jantan Restaurant has a problem as to whether its business development plan can provide feasibility for future growth of the company. The purpose of this study is to determine the possibility of the business plan for the development of food business with the limits of research on the assessment of financial aspects. Primary data collection is done through field observation, interview and questionnaire filling. Objects in interviews and surveys are business owners and residents around the place of business. Secondary data are obtained from literature studies. Data were analyzed by using Payback Period (PBP) method, Present Net Value (NPV) method, and Internal Rate of Return (IRR) Method. The result of the research shows the ability of the company to return all investment cost is for four years eight months. Cash funds collected from year to year if assessed at present with a positive value at the end of year 5 (five) and the ability of the company's business to provide annual average return/dividend amounted to 20.494%. Based on the results of financial analysis shows that all economic feasibility criteria are met so that the development of business feasible to be carried out under standard conditions,

On the impact of IFRS on results of financial analysis of organizations

On the impact of IFRS on results of financial analysis of organizations

Methodological Framework of Financial Analysis Results Objectification in Slovak Republic

Methodological Framework of Financial Analysis Results Objectification in Slovak Republic

KELAYAKAN USAHA TERNAK DOMBA DENGAN INTRODUKSI PAKAN SILASE DAUN SINGKONG (Kasus di Desa Petir, Kecamatan Dramaga Kabupaten Bogor)

The majority of sheep farmers in Indonesia are small-scale ones who use grass which depends on weather as the feed. Petir Village is one of the villages in Bogor Sub-district where the sheep farmers raise their sheep traditionaly. Cassava leaf silage can be an alternative of good quality feed. Introduction of cassava leaf silage can affect the feasibility of livestock business. This study aimed to analyze the feasibility of sheep farming in terms of financial and nonfinancial aspects of introducing cassava leaf silage. Feasibility of non-financial aspects were analyzed using the legal, markets and marketing, management, technical, social, and environmental impact aspects. Whereas feasibility of financial aspects were analyzed using the feasibility criterias Net Present Value (NPV), Internal Rate of Return (IRR), Net Benefit-Cost Ratio (Net B/C), Gross Benefit-Cost Ratio (Gross B/C), and Payback Period. By introducing cassava leaf silage, the results of market and marketing, social, and environmental aspects showed that the business was feasible. Meanwhile, the result of financial analysis on the condition of introducing cassava leaf silage feed was not feasible for any business scale. Cassava leaf silage was not feasible when done individually so the formation of farmer groups can be a solution. In addition, farmers need information and training related to the implementation of cassava leaf silage to sheep.