Sampoerna Tbk Research Articles

Analysis of Liquidity, Profitability and Solvency Ratios to Assess the Financial Performance of Companies in Cigarette Industries Listed on the Indonesia Stock Exchange

The writing of this reaserch is aimed at knowing the company's financial performance which is assessed through ratio analysis, namely liquidity ratio, profitability and solvency. The research conducted is to analyze the company's financial statements, namely the income statement, statement of financial position or balance sheet, while for the research method carried out is to use descriptive methods. By analyzing the company's financial statements are expected to be able to provide an overview of the financial condition of the company.
 Based on the results of the analysis and discussion, it can be concluded that the company's performance is still not all stable. This is due to policies regarding the sale and marketing of cigarettes in Indonesia. The results of the study show that PT. Gudang Garam Tbk is a company that does not experience much increase or decrease until it can be said that the company is safe. PT. Handjaya Mandala Sampoerna Tbk is a company that has the highest profit compared to 3 (three) other companies. PT. Bentoel International Investama Tbk suffered losses throughout 2013 to 2015. Meanwhile, PT. Wismilak Inti Makmur Tbk is in good condition as seen from the Liquidity Ratio. PT. Wismilak Inti Makmur Tbk is the most stable company and is able to manage its finances well even though the company has the lowest assets compared to 3 (three) other companies

PENGARUH KEPUASAN KERJA DAN LOYALITAS KERJA TERHADAP ORGANIZATIONAL CITIZENSHIP BEHAVIOR (OCB) PADA KINERJA KARYAWAN PT.HM.SAMPOERNA,TBK BATURAJA TIMUR SUMATERA SELATAN

Purpose: The purpose of this study was to determine the influence of job satisfaction and work loyalty to organizational citizenship behavior on employees’ performance at PT. HM Sampoerna TBK Baturaja Timur, South Sumatera.Metodh: This research used data from primary data collected directly from teh object under study using questionnaries. The analyses used are multiple linear analysis and coefficient of determination. The results of the research from the t-test analysis show that partially job satisfaction and work loyalty significantly influence Organizational Citizenship Behavior.Findings: The results of the F test show that job satisfaction and work loyalty simultaneously have a significant influence on Organizational Citizenship Behavior. The magnitude of the determination coefficient (R Square) is 94.6% while the remaining 5.4% is influenced by other variables. The result of this research are expected to be used as suggestion, either for PT. HM Sampoerna TBK Baturaja Timur, South Sumatera to managing the company or by researchers futher.Originality: -Keywords: job satisfaction and work loyalty.

Feasibility Study of Company Investment on Public Cigarette Manufacturing Companies

The number of tobacco manufacturing companies is decreasing significantly, above 60 (sixty) companies on average every year. However, the cigarette companies contribute a significant amount to the state revenues, with an increase of more than 5 (five) trillion rupiah every year. Based on the data, we want to know the feasibility of investing in a cigarette company in the future. The method used includes four stages starting from data collection, data analysis, preliminary data processing, and concluding. This research use three sample companies: PT. Bentoel Internasional Investama Tbk, PT. Gudang Garam Tbk, and PT. HM Sampoerna Tbk. The results showed that based on the ROI, NPV, IRR, and BEP, PT. Gudang Garam Tbk. is the most feasible, followed by PT. HM Sampoerna Tbk. Meanwhile, PT. Bentoel Internasional Investama Tbk not feasible for investment.

Analysis of Contract Farming Partnership for Sustainable Supply of Tobacco (a Case Study on the Integrated Production System Program of PT. HM Sampoerna Tbk. - Indonesia)

This study explored the implementation of the integrated production system program established by PT. HM Sampoerna Tbk Indonesia, a leading Indonesian tobacco company, and examined its potential and constraints. The program was intended to develop cooperation between the company and its tobacco suppliers to get a sustainable supply of tobacco from farmers with quantity, quality and price set according to the company’s standards. This study employed an interpretive research design, following a post-positivist paradigm. The data were collected by means of in-depth interviews, observation and document study and were analyzed using the key tenet of Martin Heidegger’s interpretive phenomenology. The interpretive process was achieved through hermeneutic circle to understand how individuals involved in the program interpreted the program including their own experiences as well as their interactions with other parties. The results of the study indicated that the created contract farming partnership was capable of providing the company with a sustainable supply of tobacco and increasing its production volume. Nevertheless, it was unable to improve the quality of the farmers’ lives as it was chiefly intended to meet the company’s commercial needs. The results from the study have direct relevance to policy makers in Indonesia, especially those that have been implemented contract farming and to agribusiness companies seeking contractual relationships for commodity production.

Talent Management and Financial Performance: Does Organization Learning Mediate That Relationship?

This research has a purpose to identify the impact of the talent management through organization learning towards the financial performance of the listed consumer goods sector in Indonesia. Indonesia costumer goods sector has faced significant growth during the recent year, the companies are enforced to establish competitive strategy to maintain their position in the market. Talent management should be paid attention more since it helps the company to attract, acquire, and retain the best employees that may help maintaining their position in the market as well as enhancing the performance. Based on the hypothesis test, it is true that talent management influences organization learning and financial performance. The companies such as PT HM Sampoerna Tbk and PT Unilever Tbk who obtain high score in the talent management variable most likely to be followed by high score in the organization learning as well. The results also reveal that some companies still need to improve the attraction activities and system to capture learning which are the first indicator of talent management and forth indicator of organization learning. In addition, it was found that organization learning as a mediator can strengthen the relationship between talent management and financial performance.

ANALISIS KINERJA KEUANGAN PADA PT. HANJAYA MANDALA SAMPOERNA Tbk.

Development in technology that happen continuously have made the skills in financial analysis are more needed. Financial statement are the information source for financial position and company financial ferformance analysis.Evaluation of company financial performance in this research using activity ratio and profitability ratio. This research using PT. Hanjaya Mandala Sampoerna Tbk as objek, this decision are based as 1 of 4 big company in cigarettes industry in Indonesia. The summary problem in this research is,” How the financial performanceat PT. Hanjaya Mandala Sampoerna Tbk. Based on activity ratio and profitability ratio for year 2015 and 2016?” The activity ratios are calculated with account receivable Turn Over,Inventory Turn Over, Total Asset Turn over,Otherwise Profitability Ratio are calculated with Gross profit Margin, Operating Profit Margin, and Net Profit Margin. The results showed that the ratios of poor activity were seen from the decline in value in the period 2015-2016, while the profitability ratios increased in the period 2015- 2016 which indicates the company's ability to generate profits has increased.Keywords : Financial Performance Analysis, Activity, Profitability

Evaluasi Kinerja Karyawan Operator Berbasis Pengembangan Sumber Daya Manusia, Kompensasi Dan Komitmen Organisasional

This study Aimed to describe the Human Resources Development, Compensation,Organizational Commitment and Employee Performance Operator PT. HM Sampoerna Tbk.Sukorejo Pandaan, analyze the influence of Human Resources Development, Compensation,and Organizational Commitment to Employee Performance Operator PT. HM SampoernaTbk. Sukorejo Pandaan, as well as identify and analyze between the variables of HumanResources Development, Compensation, and Organizational Commitment dominant influenceon employee performance Operator PT. HM Sampoerna Tbk. Sukorejo Pandaan. Thepopulation in this study were employees of the operator PT. HM. Sampoerna Tbk, SukorejoPandaan total 670 employees. The number of samples in this study were 250 respondents. Thesampling technique used in the study is simple random sampling assuming a homogeneouspopulation. The analysis technique used is multiple regression analysis, F test and t test. Theanalysis showed that the development of human resources, compensation and organizationalcommitment influence on the performance of employees of PT. HM. Sampoerna Tbk SukorejoPandaan, which means that the development of human resources properly implemented,supported with adequate compensation, and high organizational committed employees canimprove employee performance. Development of human resources more dominant influencethan compensation and organizational commitment to employee performance PT. HM.Sampoerna Tbk Sukorejo Pandaan. This suggests that the main thing to consider to improvethe performance of employees of PT. HM. Sampoerna Tbk Sukorejo Pandaan namely humanresource development.Keywords: human resource development, compensation, organizational commitmentaffects employee performance

FINANCIAL PERFORMANCE ANALYSIS USING ECONOMIC VALUE ADDED AND MARKET VALUE ADDED METHOD IN PT GUDANG GARAM Tbk, PT HANJAYA MANDALA SAMPOERNA Tbk AND PT BENTOEL INTERNASIONAL INVESTAMA Tbk

The underlying concept of using the Economic Value Added (EVA) measurement method is the Management by Open Book (MBOB) which has a brief understanding of openness or transparency. The basis of the MBOB system is that the information received by employees should not only help them do the job effectively, but also to understand how to help the company as a whole in achieving its vision and mission. Using quantitative descriptive research method with research object of PT Gudang Garam Tbk, PT Hanjaya Mandala Sampoerna Tbk and PTBentoel Internasional Investama in 2011 until 2015, this research giving a description about company’s financial performance. Based on the result from research known that PT Gudang Garam Tbk and PT Hanjaya Mandala Sampoerna Tbk produced positive EVA and MVA values for 5 (five) years of the research period. PT Bentoel Internasional Investama Tbk got negative EVA value during the last 4 (four) years of research. Meanwhile, the MVA value of the three companies was positive.

ANALISIS RASIO PROFITABILITAS DALAM MENILAI KINERJA KEUANGAN PADA PT. HANJAYA MANADALA SAMPOERNA, TBK

Financial evaluation is a very fundamental thing for a company, with a reasonable evaluation of the company's financial statements it will get information about the company's financial performance on a certain period. The purpose of this research is to know how financial performance of PTHanjaya mandala sampoernatbk, seen from profitability ratio analysis. The source of this research data is documentation in the form of financial statements consisting of balance sheet and income statement compiled by PT. Hanjaya Mandala Sampoerna TBK during 2012 until 2016. The method of analysis used in this study is a quantitative analysis of data analysis by performing a comparison of the results of financial ratio analysis (profitability ratios) for the period to be studied. The result of analysis shows that from the ratio of Gross Profit Margin (GPM) and Net Profit Margin (NPM) the company's financial performance is considered not good because the average rate is below the industry average. While from the analysis of return on equity (ROE) and return on investment (ROI) performance of the company is considered good because the average rate is above the industry average rate.

Kemitraan Pemerintah-Swasta dalam Program Corporate Social Responsibility di Kabupaten Pasuruan

This research aims to describe community empowerment program synergistic held by local government of Pasuruan regency and the implementation of CSR program by PT HM Sampoerna Tbk in Sukorejo Sub-district, Pasuruan Regency, in addition to describe public-private partnership pattern between local government of Pasuruan regency and private sector. Descriptive type of research and qualitative method through in-depth interview, observation, and documentation were used in this thesis.Result of this research reveals the implementation of PPP with CSR basis between local governments of Pasuruan regency with PT HM Sampoerna Tbk is mutualism partnership. Yet, private sector is a dominant actor in this partnership, whilst local government of Pasuruan regency only play their role and function as regulator, namely to make local government regulation Number 31 Year 2012 about CSR. The lack of government's portion in running this partnership caused by the absence of CSR forum. Public-private partnership here belongs to pseudo partnership due to there are no any written agreements between local government and private sector.

ANALISIS PERBANDINGAN ANTARA RASIO KEUANGAN DAN METODE ECONOMIC VALUE ADDED SEBAGAI PENGUKUR KINERJA KEUANGAN PERUSAHAAN (STUDI KASUS PADA PERUSAHAAN ROKOK YANG TERDAFTAR DI BEI PERIODE TAHUN 2012 -2014

This study aimed to describe and compare the company's financial performance as measured by the method of Economic Value Added (EVA) is a new approach which assesses the company's financial performance by taking into account the expectations of donors, particularly shareholders and creditors. Financial Ratios and analysis to assess the company's financial situation in the past, present and future. The research object is a cigarette company listed on the Stock Exchange in the period 2012 - 2014, that are PT. Gudang Garam Tbk, PT. HM Sampoerna Tbk, PT. Bentoel Internasional Investama Tbk, and PT. Wismilak Inti Makmur, Tbk. This type of research is comparative descriptive, while the data used is secondary data obtained from the Indonesia Stock Exchange. The Results of financial ratios calculation fluctuated every company each year. In the EVA calculation are the average of 2012 - 2014, PT. HM Sampoerna Tbk has the highest EVA value, then PT. Gudang Garam Tbk, hereinafter PT. Bentoel Internasional Investama Tbk and last PT. Wismilak Inti Makmur, Tbk. EVA is always positive (EVA> 0) in 2012-2014 means that the management company is able to create economic value for shareholders, and of course the company's financial performance is also good.Keywords: financial performance, financial ratios, EVA

ANALISIS EFISIENSI KINERJA PERUSAHAAN MELALUI PENDEKATAN SISTEM DU PONT PADA PT HM SAMPOERNA TBK

This study analyze about financial performance of the company with Dupont system. The object of the research is PT HM Sampoerna Tbk . PT HM Sampoerna Tbk is one of the leading cigarette manufacturer in Indonesia. The result of this research will be comparing with the industry average. From this research will be knowing the position of the company is below, same as or above of the industry average. The analysis technique used is du pont system and compared with the industry average, with the following steps: 1) Net Profit Margin (NPM), 2) Total Asset Turnover (TATO), 3) Return On Investment (ROI) .
 Key Words : Sistem Dupont, Net Profit Margin (NPM), Total Asset Turnover (TATO), Return On Investment

Tobacco Industry and Sustainability: A Case of Indonesia Cigaretes Company

The following report is conducted to analyse global tobacco industry and evaluate the initiatives taken by the industry to promote sustainable business development. The purpose of the overall assessment of tobacco industry and sustainability is to determine the level of commitment that the industry gives to undertake issues addressed in sustainability. The elements discussed in this report outlined several key issues including the general outlook of the current industry operation as well as in the long run, damages caused by the industry activity affecting social, health and environmental conditions and Industry’s actions prior to sustainability. The discussion of tobacco industry actions in particular further examines sustainable initiatives implemented in economic, social, health and environment sectors. Close evaluation is carried out prior to each sector analyzing the commitmentof the industry to justify how devoted it is to bring about sustainable business practices. The second part of the discussion draws a practical analysis by comparing the nine principles of Epstein’ssustainability performance and the success of HM Sampoerna Tbk PT (One of Indonesia’s largest tobacco companies) sustainability performance. This report however bears a set of limitations and drawbacks such as a lack of deeper evaluation on the industry's initiatives in all sectors but particularly the environment aspect as well as its in sufficiency of data collection

ANALISIS TINGKAT KESEHATAN KEUANGAN PERUSAHAAN ROKOK YANG TERDAFTAR DI BURSA EFEK INDONESIA (BEI)

The competitive advantages of the company’s are mainly determined by the performance. One important aspects of performance is financial aspects which are illustrated in financial statements. However, it is not enough to only assess the financial performance of companies. It required the analysis of financial statements to obtain the whole picture of company’s progress which is can be used by management or other users of financial statements to make decision making. The financial analysis in this research is used Z-Score to determine the company's financial performance more accurately and the health level of cigarettes companies in facing global competition and also dealing with the smoking ban regulations. The research was conducted on three tobacco companies that go public on the Stock Exchange Indonesia, that are PT Bentoel International Tbk., PT. Gudang Garam Tbk., PT. Hanjaya Mandala Sampoerna Tbk. Z-Score results showed that PT Bentoel International Tbk in 2008 and 2009 had a poor financial performance and classified as highly vulnerable company, whereas in 2010 the company was in a good performance and healthy condition. Meanwhile, PT Gudang Garam Tbk from 2008, 2009 and 2010 is classified as healthy company. PT. Hanjaya Mandala Sampoerna Tbk has a good financial performance and categorized as healthy company began in 2008, 2009 to 2010. To conclude, among the three tobacco companies that go public on the Stock Exchange Indonesia, PT Hanjaya Mandala Sampoerna Tbk is a company that has the best financial performance and classified as a healthy company.

Better to die than to leave a friend behind: industry strategy to reach the young

Tobacco control policy in Indonesia is, by international standards, very rudimentary. Weak regulation has made Indonesia a ‘place of freedom’ for tobacco companies. Tobacco advertising and promotion is rampant and...