Return On Assets Research Articles

Peran Suku Bunga Sebagai Variabel Moderasi: Return On Asset, Debt To Equity Ratio, Current Ratio Terhadap Return Saham Pada Perusahaan Food Beverage yang Terdaftar di BEI 2019-2023

Food and beverage companies are considered attractive investment opportunities due to their extensive use across various societal sectors and their potential to generate substantial returns on invested capital. This study aims to investigate the impact of return on assets (ROA), debt-to-equity ratio (DER), and current ratio (CR) on the stock returns of food and beverage companies listed on the Indonesia Stock Exchange (IDX) from 2019 to 2023. Additionally, it examines how interest rates might moderate the relationship between these financial ratios and stock returns. The research relies on secondary data from the financial statements of these companies during the specified period. A purposive sampling method was employed to select 26 companies from an initial population of 29. The data analysis techniques include panel data regression, classical assumption testing, and multiple regression analysis (MRA) using Eviews 12. The findings reveal that ROA, DER, and CR significantly affect stock returns. Furthermore, the study demonstrates that the interactions between ROA, DER, CR, and stock returns in the food and beverage sector are significantly influenced by changes in interest rates.

Corporate Social Responsibility (CSR) dan Profitabilitas: Pengaruh aspek ekonomi, lingkungan, dan social pada Perusahaan Manufaktur

This study was conducted to determine how the influence of Corporate Social Responsibility (CSR) disclosure on profitability. This research uses a quantitative approach method. The data analysis technique used in this research is panel data regression analysis technique and the data is processed using STATA software version 16. Disclosure of economic, environmental, and social aspects of CSR as independent variables, company size, and sub-sector as control variables and profitability projected by Return on Asset (ROA) and Net Profit Margin (NPM) as dependent variables. This research was conducted in manufacturing companies listed on the Indonesia Stock Exchange (IDX) for the period 2018-2021. The sample selection in this study used purposive sampling method and obtained 29 sample companies. The results of this study indicate that the disclosure of CSR in economic, environmental, and social aspects does not have a significant effect on ROA. Likewise, CSR disclosure of environmental and social aspects. The larger the size ot the firm, the higher CSR disclosure carried out by the company.

The Determinants of Profitability of Western Balkan Countries Commercial Banks: A panel Data Approach

Commercial banks are considered to be important contributors to the country’s financial system and economic development. The aim of this study was to examine the impact of various factors on commercial banks’ profitability. Moreover, the study compares and analyzes the main determinants of the banks’ profitability in Western Balkan (WB) countries. The sample size includes all commercial banks in WB countries, covering the period 2010–2020. The collected data provides information about the two main measurements used to determine a bank’s performance: 1) return on assets (ROA) and 2) return on equity (ROE), which in our study were used as indicators varying from non-performing loans, the number of banks, real gross domestic product growth, the unemployment rate, and consumer price inflation (percent, period average). The estimated regression models with panel data revealed that real GDP growth, the unemployment rate, and inflation are positively correlated and significantly determine the bank’s performance. While two other factors (non-performing loans and the number of banks) were negatively associated with the performance of banks. Since the determining factors of external and internal profitability turn out to be almost the same for all the countries of the Western Balkans, during the observed period of 2010– 2020, the number of cases of non-performing loans was much higher in other countries of the region than in Kosovo. Once again, the banking system in Kosovo, unlike other countries, has scored ROE performance indicators that are almost three times higher than the average of the countries in the region. On the other hand, Kosovo has the highest unemployment rate in the region. While the weakest ROE performance was in Montenegro, which was improving year after year. Our findings have several important implications for policymakers and regulators, especially in Kosovo.

Evaluating the Effect of Mudharabah and Murabahah Financing on Return on Assets Mediated by Non-Performing Financing at BMT Hasanah Ponorogo

Introduction: This study explores how mudharabah and murabahah financing affect Return on Asset (ROA) and the role of Non-Performing Financing (NPF) as an intervening variable at BMT Hasanah Ponorogo. Research Methods: This study employs regression analysis with NPF as an intervening variable. The data analyzed are the quarterly financial reports of BMT Hasanah Ponorogo from 2019 to 2023, focusing on the relationships between mudharabah financing, murabahah financing, ROA, and NPF. Results: The analysis reveals that mudharabah and murabahah financing significantly impact ROA directly and through NPF as an intervening variable. An increase in financing can enhance ROA, with NPF mediating the relationship between financing and ROA. Conclusion: This study finds that mudharabah and murabahah financing affect ROA, with NPF as an intervening variable. Effective risk management in financing is crucial for improving ROA at BMT Hasanah Ponorogo.

Analysis of Capital Adequacy Ratio, Operating Expenses Operating Income, Non-Performing Financing, Financing to Deposit Ratio, and Net Operating Margin Return on Assets at Sharia Commercial Banks

This study was conducted to see the effect of Capital Adequacy Ratio (CAR), Operating Costs to Operating Income (BOPO), Non-Performing Financing (NPF), Financing to Deposit Ratio (FDR), and Net Operating Margin (NOM) on Return on Assets (ROA) at Sharia Commercial Banks. The analysis method used is panel regression, the data used is secondary data from the financial statements of Islamic Commercial Banks for the 2021-2023 period. The results of the analysis stated that CAR, BOPO, NPF, FDR, and NOM have a simultaneous influence on ROA in Sharia Commercial Banks. Partially CAR, NPF, and FDR do not affect ROA. While NOM has a significant positive influence on ROA, on the contrary, BOPO has a significant negative influence on ROA. The results of this study provide important information for bank management in managing these factors to improve financial performance and bank profitability.

Relationship between intellectual capital and firm performance: evidence from the Indian sugar mill industry

PurposeThe aim of the study is to examine the influence of Intellectual Capital (IC) and its components on the financial performance of Indian sugar mill companies.Design/methodology/approachThe present study follows the quantitative research, and uses data from Indian sugar mill companies over the period of recent 10 years. The Modified Value- Added Intellectual Capital (MVAIC) method is employed to evaluate IC. Authors construct panel regression models to test the hypotheses where Return on Equity (RoE) and Return on Asset (RoA) were considered as a representation of financial performance (dependent variable) and IC has been considered as the independent variable along with control variables.FindingsThe findings reveal that IC components show greater explanatory power than aggregate IC and MVAIC has a positive relationship with firm performance. It is evident that Capital Employed Efficiency (CEE) and Relational Capital Efficiency (RCE) have a positive effect on the RoA, while Human Capital Efficiency (HCE) and CEE have a positive impact on RoE. CEE is found to be a highly significant component to explain the financial performance of Indian sugar mill firms.Practical implicationsThe study has practical implications for the policymakers for effective utilization of IC resources for worth enhancement which is essential for the improvement of financial performance.Originality/valueThe research extends the literature of IC by linking it to the financial performance of Indian sugar mill industry.

The Influence of ROA, ROE, NPM, and GPM on Stock Returns of Technology Companies Listed on the Indonesian Stock Exchange

This research examines the influence of Return on Assets (ROA), Return on Equity (ROE), Net Profit Margin (NPM), and Gross Profit Margin (GPM) on the stock returns of technology businesses listed on the Indonesia Stock Exchange. This analysis comprises all legally registered technological businesses listed on the Indonesian Stock Exchange from 2019 to 2022. Currently, the website idx.co.id displays about 43 technological businesses that have been officially registered. This study focuses on ROA) and NPM as crucial metrics for predicting stock returns in the technology industry. It specifically highlights the possibly negative impact of ROE. The minimal impact of GPM implies that investors may place more emphasis on evaluating possible stock returns in the technology sector using other metrics. It is advisable to do more analysis on the factors that influence returns in order to have a thorough comprehension.

EXCHANGE RATE AS A MODERATING VARIABLE: EFFECT ON STOCK PRICES

This study aims to determine the effect of financial ratios and assets on stock prices with exchange rates as moderating variables. In this study, the variables used are Return On Asset (ROA), Earning Per Share (EPS), and Fixed Asset Value. The data used in this study are secondary data from the IDX and the company's annual report. The population used in this study are consumer good industry sector companies listed on the Indonesia Stock Exchange in the 2018-2022 period. The analysis technique is the MRA (Moderated Regression Analysis) test using SPSS software version 29. The results showed that EPS, Fixed Assets and Exchange Rates affect stock prices, while ROA does not affect stock prices. The moderating variable test in this study shows that Exchange Rate can moderate EPS.

ESG scores and stock returns during COVID-19: an empirical analysis of an emerging market

PurposeThe COVID-19 pandemic resulted in a dramatic downturn in the global stock markets. Investors look for safe stocks that can provide better risk-adjusted returns. Stocks with higher Environmental, Social, and Governance (ESG) scores can be good choices for investors. This study focuses on this argument by examining the relationship between ESG indicators and stock returns while considering financial and macroeconomic variables.Design/methodology/approachIn this study, 39 non-financial firms listed in Nifty-50, for which data is available, have been included. Panel data from 2018 to 2021 is collected to examine this relationship in the presence of COVID-19. Additionally, the panel regression method is used.FindingsThe empirical findings indicate a positive relationship between ESG scores and stock returns. This relationship holds even when the control variables like Return on Assets (ROA), Gross Domestic Product (GDP), Return on Equity (ROE), age, size, leverage of the firm, inflation, and crisis period are used in the model.Originality/valueThis study contributes by examining the linkage between ESG indicators and stock return while controlling the impact of the financial and macroeconomic variables in Indian markets, which has not been undertaken so far. Moreover, this is the first study to use the ESG score data of S&P Global, which gives more weight to the material factors of a firm.Peer reviewThe peer review history for this article is available at: https://publons.com/publon/10.1108/IJSE-10-2023-0819.

ANALYSIS OF FACTORS INFLUENCING THE PROFITABILITY OF ISLAMIC BANKING

This study uses a quantitative approach to analyze the influence of operational costs and income, non-performing financing (NPF), and the Islamicity Performance Index on the profitability of Islamic banking, with intellectual capital as a moderating variable. The population includes Sharia Commercial Banks located in Indonesia and registered with the Financial Services Authority from 2015 to 2022. The sample was determined using purposive sampling, resulting in 56 data points. Hypotheses were tested using Moderated Regression Analysis (MRA) with Eviews 12 software.The results indicate that operational costs and income (BOPO) significantly influence the Return on Assets (ROA), while NPF does not. The profit-sharing ratio (PSR) and the Islamic Income vs Non-Islamic Income Ratio (IsIR) significantly influence ROA. Intellectual capital (IC) has a direct influence on ROA but does not moderate the relationship between BOPO and ROA, nor between NPF and ROA. However, IC can moderate the relationship between the profit-sharing ratio and ROA. It does not moderate the relationship between IsIR and ROA. These findings suggest that operational efficiency, profit-sharing mechanisms, and the proportion of Islamic income are crucial for enhancing profitability in Sharia Commercial Banks, with intellectual capital playing a significant but selective moderating role.

Is Bank Financial Performance Affected By Corporate Social Responsibility? A Meta-Analysis

This study investigates the impact of Corporate Social Responsibility (CSR) on the Financial Performance of Banks. A meta-analysis of the previous five studies showed that CSR activities as a whole had a positive impact on CFP, especially on Return on Equity (ROE) and Net Interest Margin (NIM). However, the influence of CSR on Return on Assets (ROA) is inconsistent. These findings show that CSR can increase bank profitability, but the effect is not uniform across all aspects of financial performance. This research makes an important contribution by integrating the findings from various studies and highlighting the strategic role of CSR in increasing financial and non-financial added value in the banking industry. The practical implication is that banks need to formulate and implement effective CSR strategies to achieve sustainable long-term financial goals and meet stakeholder expectations.

Pengaruh Kinerja Lingkungan Dan Intellectual Capital Terhadap Kinerja Keuangan (Studi Pada Perusahaan Pertambangan Yang Terdaftar Di Bursa Efek Indonesia Tahun 2018-2022)

This research aims to determine the influence of environmental performance and intellectual capital on the financial performance of mining companies listed on the Indonesian Stock Exchange (BEI) in 2018-2022. The independent variables in this research are environmental performance which is measured using the PROPER rating, and intellectual capital is measured using the Value Added Intellectual Coefficient (VAICTM). The dependent variable in this research is financial performance measured using return on assets (ROA). The sampling method used purposive sampling so that the sample obtained was 24 company data. The data analysis technique uses panel data regression analysis with the eviews 12 application. The research results show that environmental performance has no effect on financial performance, and intellectual capital has no effect on financial performance.

The Effect of Capital Adequacy Ratio (CAR), Loan to Deposit Ratio (LDR) and Non-Performing Loan (NPL) Against Return on Asset (ROA) With Net Interest Margin (NIM) as an Intervening Variable in BUMN Bank Listed on the Indonesia Stock Exchange 2018-2022

This study aims to determine the effect of Capital Adequacy Ratio (CAR), Loan to Deposit Ratio (LDR) and Non- Performing Loan (NPL) in the Return on Asset (ROA) with Net Interest Margin (NIM) as an Intervening Variable in BUMN Bank Listed on the Indonesia Stock Exchange 2018-2022. The independent variable used in this study is Capital Adequacy Ratio (CAR), Loan to Deposit Ratio (LDR) and Non-Performing Loan (NPL). The dependent variable used is Return On Asset (ROA). The intervening variable used is Net Interest Margin (NIM). The method used in this study uses nonprobability sampling technique, using secondary and quantitative data. The analysis technique in this research uses Smart PLS 3.0 by analysing the inner model such as the coefficient of determination, hypothesis testing and path analysing. The research show that, CAR has a significant and positive effect on NIM, LDR and NPL have no significant and unidirectional effect on NIM, CAR and LDR have no significant and unidirectional effect on ROA, NPL and NIM have a significant and unidirectional effect on ROA, NIM can mediate the influence of the variable CAR on ROA, NIM cannot mediate the influence of the LDR and NPL variables on ROA.

Assessing the Financial Performance of the Greek Football Clubs

This study evaluates the financial performance of seven major football clubs from the top division of Greece over a period which spans from season 2015-16 to season 2021-22 with correlation and regression analysis. Financial performance is expressed in three alternative ways, i.e., the return on assets (ROA), return on equity (ROE), and profit margin, which is computed as ratio of the profit before tax to total operating revenue. Purely financial factors are considered as determinative variables of performance including the size of the clubs, their liquidity, leverage, efficiency and cash flow efficiency. The results reveal indicate that the clubs under investigation are highly leveraged and have poor liquidity, while they present extensive annual and accumulated losses. On the factors that can affect the financial performance of the Greek football clubs, our analysis accentuates that the size of the football entreprises, along with the degree of liquidity, leverage, efficiency and their ability to use their assets to generate cash can affect financial performance, either in a positive or a negative way.

THE ANALYSIS FACTORS OF CAPITAL ADEQUACY ON INDONESIA “BUKU-4” BANK CATEGORY

In this paper, the researcher contribute to extending the prior literature on the bank BUKU Category by investigating the influence of capital adequacy ratio factors. On the previous studies, the factors of banking capital adequacy ratio can be influenced by several factors such as Non-Performing Loans (NPL), Loan to Deposit Ratio (LDR), Return on Assets (ROA), and Size. In previous research stated that NPL and LDR as partially had a negative effect on the Capital Adequacy Ratio, ROA and Size had a positive effect on the Capital Adequacy Ratio level. In this study, the researchers used seven sample of commercial banks included in the Bank BUKU-4 Category as commercial banks with huge capital category in the 2018-2022 period. As Random Effect Model (REM) chosen to be the estimation model. Our findings provide empirical support on the findings researh of Azizah and Taswan's research, that simultaneously the NPL, LDR, ROA and SIZE have an influence on the capital adequacy ratio level of Commercial Banks which are included in the BUKU-4 bank category. However, partially, the influence of the independent variables on the dependent variable is differences. NPL has an influence on CAR, LDR has a negative influence on CAR, ROA has a positive influence on CAR, and Size has a negative influence on CAR. The implication of this research is that when commercial banks included on the BUKU-4 Bank category, the commercial banks that included on BUKU-4 Bank category are banks that are considered stable with a capital capacity of more than 70 trillion rupiah so that the NPL, LDR and Size levels have no larger effect. Because the huge of commercial banks which is included are whose financial levels are stable so that not has a big impact on the level of capital adequacy in BUKU-4 category commercial banks, the level of profit obtained by these banks. However, it does not rule out the possibility that apart from the variables that have been studied, there are other variables that can have a big influence on the level of capital adequacy other than those mentioned by the researchers in this study

Pengaruh Debt To Equity Ratio (DER) dan Debt To Asset Ratio (DAR) Terhadap Return On Asset (ROA) pada PT. Mayora Indah Tbk

This research aims to determine the influence of the Debt To Equity Ratio and Debt To Asset Ratio (DAR) variables on Return On Assets (ROA) at PT. Mayora Indah Tbk. The population used in this research is all financial reports at PT. Mayora Indah Tbk has been listed on the Indonesian stock exchange since 1990, totaling 32 years for the period 1990-2022. The sample selection used a purposive sampling method based on certain criteria that were adjusted to the objectives of the research problem. The number of samples in this research was financial reports for 10 years at PT. Mayora Indah Tbk for the 2013-2022 period. The data analysis technique used in this research is Multiple Linear Regression Analysis using the SPSS version 26 program tool. The results of this research show that the Debt to Equity Ratio (DER) does not have a partially significant influence on Return On Assets (ROA) at PT Mayora Indah Tbk . Debt to Asset Ratio (DAR) does not have a partially significant influence on Return On Assets (ROA) at PT Mayora Indah Tbk.

FINANCIAL RATIO ANALYSIS AS A TOOL FOR MEASURING FINANCIAL PERFORMANCE IN PT. BATURAJA CEMENT (PERSERO)

The financial performance of PT Semen Baturaja (Persero) for the period 2020-2022 needs to be evaluated to determine the effectiveness of management in managing the company's finances. The purpose of the study is to measure the financial performance of PT Semen Baturaja (Persero) through financial statement analysis over the period 2020, 2021, and 2022. This study uses various types of financial ratios such as Liquidity, Solvency, and Profitability. The research method used is qualitative with a quantitative approach. The data used is sourced from the financial statements of PT Semen Baturaja (Persero) Tbk for the years 2020, 2021, and 2022, obtained from the Indonesia Stock Exchange. The analysis results show that the company has good liquidity because current assets are higher than current liabilities. The solvency ratio level is quite healthy. Although the Debt to Asset Ratio (DAR) indicates high debt, the low Debt to Equity Ratio (DER) values show that most of the assets are still funded by equity. The company's profitability level is less healthy. Although the Gross Profit Margin (GPM) shows positive results and is higher than the industry average, other ratios such as Operating Profit Margin (OPM), Net Profit Margin (NPM), Return on Assets (ROA), and Return on Equity (ROE) indicate that the company has significant room for improvement in operational efficiency, cost management, and optimization of asset and equity utilization. Keywords: Analysis, Liquidity, Solvency, Profitability

Corporate Social Responsibility, Corporate Financial Performance and the Confounding Effects of Economic Fluctuations

This study aims to explore the relationship between Corporate Social Responsibility (CSR) and corporate financial performance in five different countries: USA, UK, Germany, Japan, and Australia. Data is obtained from studies that measure CSR through various metrics, such as CSR Index, CSR Score, CSR Disclosure, CSR Rating, and CSR Spending, while financial performance is measured using various indicators such as Return on Assets (ROA), Return on Equity (ROE), Net Profit Margin, Tobin's Q, Operating Income, and Market Value. Data analysis was performed using linear regression statistical methods to evaluate the relationship between CSR variables and financial performance. It found that there was a significant positive relationship between CSR and corporate financial performance in all countries studied. Companies that are more active in CSR activities tend to record better financial performance. Variations between countries suggest that local context influences the strength of these relationships. The managerial implication of these findings is that investing in CSR can improve a company's reputation, strengthen its position in the market, and improve long-term financial performance. However, further studies are still needed to understand the factors influencing the relationship between CSR and financial performance across various industry and geographic contexts.

Pengaruh ROA dan BOPO terhadap Financial Sustainability Ratio (FSR) di PT BPR Bank Sleman (Perseroda)

The growing banking sector has made banks an important part of the country's economy today. PT BPR Bank Sleman (Perseroda) is one of the BUMDs in Sleman Regency which was established to improve the welfare of the community through the financial sector. So that financial sustainability is an important thing related to the sustainability of PT BPR Bank Sleman (Perseroda) in its financial aspects. This study uses independent variables, namely Return on Asset (ROA), Operating Costs of Operating Income (BOPO) with the dependent variable Financial Sustainability. The purpose of this study is to see the effect of Return on Asset (ROA), Operating Cost of Operating Income (BOPO) on Financial Sustainability. This study uses the research object PT BPR Bank Sleman (Perseroda) which has a mission to realize community welfare in the financial sector. Based on the results of the t test on the ROA variable, it has a t count of 0.072. Indicates that the ROA variable has a negative and insignificant effect on the Financial Sustainability Ratio (FSR). While the BOPO variable has a t value of 0.072. indicates that the BOPO variable has a negative and insignificant effect on the Financial Sustainability Ratio (FSR). The results obtained from the F test were calculated at 0.006. This shows that there is a joint influence between Return On Asset (ROA) and BOPO on the Financial Sustainability Ratio (FSR) at PT BPR Bank Sleman (Persero).

ANALISIS PENGARUH TEKANAN DAN RASIONALISASI TERHADAP KECURANGAN LAPORAN KEUANGAN

This study aims to determine the effect of pressure and rationalization on financial statement fraud in infrastructure sector BUMN companies listed on the Indonesia Stock Exchange for the 2017-2022 period. The population of this study are state-owned infrastructure companies listed on the Indonesia Stock Exchange for the 2017-2022 period. Samples were taken using purposive sampling technique. The sample used in this study were 6 BUMN companies in the infrastructure sector which were listed on the Indonesia Stock Exchange for the 2017-2022 period, so that the research data analyzed totaled 36. Tests in this study used Multiple Linear Regression Analysis with the Eviews program version 12. The results of the study were partial shows that pressure proxied using Return on Assets (ROA) has a positive and insignificant effect on fraudulent financial statements and rationalization proxied using Change in Auditor has a positive and significant effect on fraudulent financial statements. The results of the study simultaneously show that pressure proxied using Return on Assets (ROA) and rationalization proxied using Change in Auditor have no simultaneous effect on fraudulent financial statements.