Turnover Ratio Research Articles

Unstable pathogen profile in spotted seal (Phoca largha) gut microbiota and limited turnover with habitat microbiome.

It is vital that we monitor the gut microbiota of sentinel species such as spotted seals (Phoca largha) and their association with habitat microbiomes, which can provide critical data for assessing the health of marine mammals and their potential ecological influences. In this study, PacBio technology was used to sequence the full-length bacterial 16S rRNA gene from the feces of captive and wild spotted seals, as well as samples from a wild population and their habitats. Based on the pathogen identification results, the gut microbiota of wild and captive spotted seals showed similar levels of pathogen richness and abundance. In particular, the pathogen profiles in wild spotted seals were more variable, with a high risk of disease in a minority of individuals. Meanwhile, the gut microbiota of spotted seals was significantly less diverse than their habitat microbiomes. Firmicutes and Proteobacteria dominated the gut microbiota of spotted seals and their habitat microbiomes, respectively. Furthermore, network analysis revealed that the gut microbiota of spotted seals was simple and weak. The ratios of microbial turnover between spotted seal gut microbiota and their habitat microbiomes were further analyzed using SourceTracker, and the estimated values were low (< 0.1%). These results provide baseline data on pathogen profiles in spotted seals and their potential interactions with habitat microbiomes.

The Role of Grit in Developing Intrapreneurship Through the Mediation of Career Adaptability Among Generation-Z University Students

Since the latter half of the last decade, there has been a rapid transformation in workforce demographics as Generation Z enters the workplace dynamic and takes over the responsibilities of retiring Baby Boomers. However, as Generation Z employees gradually enter the workforce, organizational human resource practices have yet to evolve to address the performance issues this generation poses, resulting in higher employee turnover ratios among Generation Z employees. Despite this problem, Generation Z has a potential characteristic that will benefit organizations: intrapreneurship. This research examines the influence of grit on intrapreneurship as a valuable construct for Generation Z through the mediation of career adaptability. This research uses quantitative methods with mediation analysis. The results of this research show no direct influence of grit on intrapreneurship. When career adaptability is included as a moderator variable, the analysis results show a significance value below 0.05, which shows the role of career adaptability as a full mediator between grit and intrapreneurship. Keywords: Z Generations, intrapreneurship, grit, career adaptability

Financial Performance Analysis of PT. Sewindo Consultans for the Years 2021-2022

This research aims to analyze the financial performance of PT. Sewindo Consultans for the years 2021-2022. The research method used is descriptive research with a quantitative approach. The data used in the research are the financial data from the income statement and balance sheet. Secondary data was used in this research. Financial ratio analysis was used as the method of data analysis. The research findings indicate that: Liquidity ratios, which measure the company's ability to meet its short-term obligations through the current ratio and quick ratio, are in a "poor" condition. Solvency ratios, which measure the extent to which the company's assets are financed by debt through the debt to assets ratio and debt to equity ratio, are in a "poor" condition. Activity ratios, which measure how effectively the company utilizes its assets through the fixed assets turnover ratio, are in a "poor" condition, while the total assets turnover ratio is in a "good" condition. Profitability ratios, which measure the company's ability to generate profit through the return on investment and return on equity indicators, are in a "poor" condition. In general, the results of the liquidity, solvency, activity, and profitability ratio analysis of PT. Sewindo Consultans' financial performance for 2021-2022, as seen from various indicators used, show that almost all of them are below industry standards, indicating that the company is in a "poor" condition.

주식시장 수익률과 개인 투자자의 매매 성향

This study examines the relationship between individual investors and the KOSPI stock market using long-term data spanning 25 years from 1999 to 2023. However, this study analyzes the relationship between individual investors' net buys and KOSPI returns by dividing the entire period into five sun-periods of five years and applying two-sided regression and structural vector autoregressive (SVAR) models. The main findings are as follows: First, compared to foreign investors, both institutional and individual investors exhibit relatively higher turnover ratios. Second, cross-sectional analysis shows that KOSPI returns decrease monotonically with the individuals' net buys. Third, the results of the two-sided regressions indicate a Granger causality, where past returns negatively influence individual investors' net buys. In addition, today's individual net buys negatively Granger cause future returns. Fourth, the SVAR analysis also shows that KOSPI returns have a strong negative effect on individual net buys. Finally, according to the results of SVAR impulse response function, net buys response negatively to KOSPI shocks, and this response dissipates almost entirely by the third day. In summary, individual investors tend to engage in net selling in response to positive news in the KOSPI market, and this tendency may be a key reason for their lower performance.

Portfolio Optimization with Entropy-CRITIC-IDDWS- PROMETHEE Model in BIST Retail Trade Sector

This research aims to construct an ideal stock portfolio by using financial data from firms in the BIST Retail Trade Sector throughout the 2022-2023 timeframe. . Entropy, CRITIC, IDDWS and PROMETHEE methodologies were used in the study. The criterion weights were determined using the approaches of Entropy, CRITIC, and IDDWS. The alternatives were ranked using the PROMETHEE method. According to the Entropy method, the most effective evaluation criterion on performance is the return on equity ratio in 2022 and the asset turnover ratio in 2023, according to the CRITIC method, the financing ratio in 2022 and the current ratio in 2023, according to the IDDWS method, the financing ratio in 2022 and the asset turnover ratio in 2023.It was concluded that there were 6 companies with values between 0 and +1 in the entire 2022-2023 period, there were 6 companies on the efficient frontier. These firms are CASA, SOKM, VAKKO, BIMAS, SUWEN and TKNSA. The study has a very unique perspective in terms of both proposing a new and original integrated model (Entropy-CRITIC-IDDWS-PROMETHEE) to investors about optimal portfolio selection and testing the proposed model for the 1st time in this study and the breadth of the data set used.

Financial Performance Evaluation of Fast-Food Restaurant

This study examines McDonald's financial performance from 2019 to 2023, focusing on key financial metrics such as profitability, operational efficiency, liquidity, solvency, and cash flow. The objective is to assess McDonald's financial health and identify factors contributing to its sustained market leadership in the fast-food industry. Using descriptive statistics and regression analysis, the study evaluates McDonald's financial ratios, including operating profit margin, return on assets, inventory turnover, and current ratio, among others. The results reveal strong profitability and effective cost control, with a consistent operating profit margin and robust asset management. McDonald's liquidity is sufficient to meet short-term obligations, and its prudent debt management reflects financial stability. The company’s investment in digital transformation and operational improvements, such as streamlined inventory management and enhanced customer engagement, have further contributed to its financial resilience. In conclusion, McDonald's has demonstrated adaptability and resilience amidst external challenges, ensuring continued financial success. The study suggests that McDonald's should continue investing in digital platforms and menu innovation to meet evolving customer preferences. The implications of these findings are significant for the fast-food industry, highlighting the importance of strategic financial management in maintaining market leadership and long-term growth

Inventory Management Practices and Their Impact on Operational Efficiency: A Case Study of MGSSK Sugars Ltd.

In today’s highly competitive business environment, effective inventory management is vital for maintaining operational efficiency and ensuring long-term sustainability. Proper inventory control reduces excess stock and prevents stock outs, leading to cost reduction and improved cash flow. By utilizing precise forecasting and strategic replenishment methods, companies can enhance their adaptability to market changes and sustain a competitive advantage. This research provides a thorough examination of inventory management metrics spanning five years. The primary objective of the study is to evaluate the effectiveness of inventory management. The data was primarily collected from secondary sources, including five years of company inventory records. To analyze the data, the ratio analysis method was applied. The results demonstrate notable improvements in the company’s operational efficiency. Key performance indicators include a steady rise in the inventory turnover ratio and a reduction in average stock levels, showcasing effective inventory control aligned with increasing demand and minimizing surplus stock. Moreover, the study reveals a decreasing trend in inventory as a proportion of current assets, indicating a strategic shift away from relying on inventory for revenue generation. Additionally, variations in raw material values, coupled with consistent material consumption, suggest fluctuations in raw material usage efficiency. Furthermore, the relationship between the raw material turnover ratio and inventory holding period highlights the company’s proficiency in optimizing inventory management. The declining inventory conversion period indicates successful transformation of inventory into sales, boosting cash flow and operational efficiency. This improvement is attributed to advanced forecasting and stock replenishment strategies.

EXAMINING THE INTEGRATION OF INDUSTRY 4.0 TECHNOLOGIES IN MANUFACTURING

The integration of Industry 4.0 technologies is transforming manufacturing, enhancing efficiency, flexibility, and sustainability. This research paper explores the application of key technologies such as artificial intelligence (AI), the Internet of Things (IoT), and big data analytics in the sector. By analyzing a comprehensive dataset that includes supply chain metrics from major corporations like Apple, Amazon, and Google, the study examines the impact of Industry 4.0 practices on critical supply chain performance indicators, including inventory turnover ratio, lead time, and customer satisfaction. Industry 4.0 technologies are reshaping supply chain management (SCM) strategies such as lean manufacturing, agile SCM, and cross-docking. AI and block chain are shown to significantly enhance supply chain agility and resilience. Companies that integrate these technologies tend to have more streamlined operations, shorter lead times, and higher customer satisfaction rates. Environmental sustainability practices are becoming increasingly important as businesses strive for more eco-friendly manufacturing processes. The study finds that organizations employing agile supply chain practices and leveraging advanced technologies often demonstrate superior operational efficiency and financial performance. The integration of these technologies also introduces challenges, such as increased supply chain complexity and risk management concerns. This paper provides a comprehensive overview of how Industry 4.0 technologies are revolutionizing manufacturing and supply chain dynamics. It highlights the future trajectory of smart manufacturing and emphasizes the need for continued innovation to address emerging challenges. The research offers insights into how companies can adapt their supply chain strategies to thrive in the evolving landscape of digital transformation and automation.

Value Relevance and Share Price Dynamics: An Empirical Analysis of Indian Multinational Corporations

The share price is one of the major aspects of taking financial decisions by the investors. This study has investigated the impact of value relevance on the share price of Indian multinational companies. In this study, the top 10 multinational corporations (MNCs) have been taken for the analysis of data from the financial year 2018–2019 to 2022–2023. However, share price has been considered a dependent variable, whereas earnings per share (EPS), book value per share (BVPS), price to book value (PB), price to earnings (PE) and assets turnover ratio (ATR) have been considered independent variables. By employing correlation, ordinary least squares (OLS), fixed effect model (FEM), random effect model (REM), Hausman test and the Jarque–Bera test, data have been analysed and significant associations among the given variables have been found. The outcome of the study has revealed that there is a significant impact of value relevance on the share price of the MNCs in India, as the p value derived from the analysis is less than .05. This means that a statistically significant relationship exists between the variables considered in the study. JEL Codes: G10, M41, Y10

The Effect of Working Capital Turnover and Current Ratio (CR) on Return On Investment (ROI) at PT Harum Energy, Tbk (A Company Listed on the Indonesia Stock Exchange Period 2015-2022)

The purpose of this study was to determine the effect of working capital turnover and current ratio (cr) on return on investment (roi) at PT Harum Energy, Tbk for the period 2015-2022. The research method used is a descriptive associative method. The population consists of secondary data from the financial statements of PT Harum Energy, Tbk. The sample taken used non-probability sampling with purpose sampling method with specific criteria, see the quarterly financial reports of PT Harum Energy, Tbk for the period 2015-2022. To test the influence analysis, Pearson product moment correlation analysis, coefficient of determination analysis, multiple linear regression analysis and t-test and F-test hypothesis testing were applied. The results of the investigation demonstrate that the value of the correlation between working capital turnover and (roi) is -0,193 the correlation value of this falls into the extremely low group, current ratio to return on investment is 0,251 It falls under the low group. The outcomes of the determination analysis show that the quantity of the independent variables influence and contribution (working capital turnover and current ratio) to the dependent variable (return on investment) is 25% and the remainder 75% is affected by additional factors that the author did not look into

Method for estimating the number of calibrations of measuring instruments used in production activities

A method for estimating the number of calibrations of measuring instruments used in production activities on the scale of the state economy is proposed and justified. The method is based on the calculation of the so–called calibration weight – the ratio of the annual turnover of the enterprise to the number of calibrations of measuring instruments performed at the enterprise. The number of calibrations of measuring instruments in the industry is calculated as the ratio of the annual turnover of the industry to the weight of calibration in the industry. Similarly, the number of calibrations is calculated for all sectors of the economy of the Russian Federation. As an example of the implementation of the method, the number of calibrations of measuring instruments in the Russian Federation in 2022 was estimated, which amounted to (96±34) million. The validation of the proposed method was carried out, which consisted in comparing the number of verifications of measuring instruments estimated using the proposed method with the number of verifications calculated based on data from FGIS Arshin. As a result, a match was obtained within the limits of the calculation error, which indicates the validity of the proposed method. It is established that the error is due to two main factors: the forced use of ultra-small samples with a volume of less than 10 when estimating the number of calibrations in groups of the All-Russian Classifier of Types of Economic Activity and the spread of values (variance) of the calibration weight in samples with a volume of more than 10. If we assume that the interval between calibrations is comparable to the verification interval, then according to the developed method for estimating the number of calibrations, the volume of the fleet of calibrated measuring instruments in the Russian Federation can be estimated approximately as 150 million units. Thus, for the first time in the Russian Federation, estimates of the number of annual calibrations, as well as the volume of the fleet of calibrated measuring instruments, were obtained. It is advisable to use the obtained results to assess the state of the country's measurement uniformity system, in the strategic planning of the development of the measurement uniformity system.

Analisis Kinerja Keuangan Untuk Mengukur Tingkat Kesehatan Perusahaan Manufaktur Sub Sektor Farmasi pada Bursa Efek Indonesia Periode Tahun 2018-2022

The aim of this research is to analyze the company’s financial performance to measure the health level of pharmaceutical sub-sector manufacturing companies listed on the IDX in terms of liquidity, solvency, profitability and activity ratios for the 2018-2022 period. The sample used was 9 pharmaceutical sub-sector companies. The data analysis method used is quantitative descriptive. The research results show that the average ratio of liquidity, solvency, profitability and activity for pharmaceutical sub-sector companies fluctuates. Based on the liquidity ratio, Kimia Farma Tbk has the highest average value of the current ratio, Sido Muncul Herbal &amp; Pharmaceutical Industry Tbk has a quick ratio and Indofarma Tbk has a cash ratio so it is classified as a company with the highest level of health. The solvency ratio in the debt to equity ratio and debt to asset ratio of the Sido Muncul Herbal &amp; Pharmaceutical Industry Tbk has the lowest average value ratio, while the long-term debt to equity ratio of Darya Varia Laboratoria Tbk is classified as a company with the highest level of health. Tempo Scan Pacific Tbk’s profitability ratio has the highest average ratio value for net profit margin and return on assets and Pyridam Farma Tbk for return on equity so it is classified as a company with the highest level of health. The activity ratio in the inventory turnover ratio and the fixed asset turnover ratio of Darya Varia Laboratoria Tbk and Organon Pharma Indonesia Tbk in the total asset turnover ratio each have the highest average ratio values so they are classified as companies with the highest level of health.

Ethanol from Bagasse Obtained During Non-centrifuged Sugar Production. A Comprehensive Sustainability Analysis in the Colombian Context

AbstractThe production of biofuels is an alternative to reduce the impacts of the transformation of fossil fuel sources. In this work, the evaluation of ethanol production from the bagasse obtained during non-centrifuged sugar production (BNCS) to determine its sustainability in the Colombian context is proposed. Two pretreatments (i.e., dilute acid and alkaline) are proposed, followed by enzymatic saccharification to release glucose from cellulose. Both liquors rich in C6 sugars were followed by a fermentation stage with Saccharomyces cerevisiae, and the obtained ethanol concentration was measured. The process was simulated and evaluated to obtain metrics in technical, economic, environmental, and social terms. Also, an evaluation of the sustainability index of the process in the Colombian context was proposed. Diluted acid was the best processing pretreatment, reaching glucose and xylose concentrations of 15.13 g/L, and 12.15 g/L respectively, and a final ethanol concentration of 3.45 g/L. The technical analysis yielded results for Process Mass Intensity (PMI) of 38.14 and Renewable Material Index (RMI) of 5.09. The minimum process scale for economic feasibility (MPSEF) was 19.6 Ton/h. In this sense, the payback period and turnover ratio were 12 years and 35.01%, respectively. Values of 1.85 kg CO2 eq/kg ethanol for carbon footprint and 1.02 m3/kg ethanol for water depletion were also obtained. For the social analysis, the minimum-to-living wage ratio (M/L) was 1.03. Finally, the sustainability index was 75.19%, and the social and environmental values were the most influential aspects affecting the sustainability index. The results of this work allows a novelty vision related to the integral analysis of sustainability for one of Colombia’s native raw materials, and to propose viable solutions for its use, without threatening food security. Graphical Abstract

The Impact of Value-Added Intellectual Capital on Corporate Performance: Cross-Sector Evidence

This study explores the relationship between intellectual capital (IC) and the financial performance of 250 publicly traded companies in France, Germany, and Switzerland from 2009 to 2018, addressing the gaps in prior research regarding the differential impacts of IC components across countries and industries in Western and Central Europe. Using the Value-Added Intellectual Coefficient (VAIC™) approach, this study evaluates human capital efficiency (HCE), structural capital efficiency (SCE), and capital employed efficiency (CEE). Panel regression analyses at the country and industry levels were conducted to assess their effects on financial metrics, such as return on equity (ROE), return on assets (ROA), and asset turnover ratio (ATO). The findings reveal a significant positive association between SCE, CEE, and firm performance, with CEE showing the most substantial effect, while HCE had a relatively weaker impact. Additionally, the study uncovers a trade-off between the accumulation of patents and trademarks and short-term financial performance, raising new considerations for intellectual property management. This research contributes to the literature by providing a nuanced understanding of how IC components influence financial outcomes across different contexts and offers practical insights for firms aiming to optimize structural capital and capital-employed strategies for improved financial performance while acknowledging the limitations regarding the sample of publicly traded firms.

Measuring business impacts on the sustainability of European-listed firms

The Environmental, Social, and Governance (ESG) themes assume a central position in the foundation of business strategies and risk management for both private managers and financial institutions. Measuring the sustainability commitment of listed companies is required by regulators and Monetary Authorities and plays a pivotal role in the selection process for asset management companies. ESG ratings are used to assess the company’s commitment to sustainability. This paper explores how a firm business, measured by balance sheet data, influences the ESG rating. In particular, we focus on Europe, which countries first paved the way for the sustainable transformation of the economy through various policies and initiatives. We employ a Machine Learning approach to discern the non-linear relationships between ESG ratings and corporate data aiming to identify the prime factors influencing the ESG ratings. We can assess potential country or business sector-based discrepancies by selecting a sample containing firms listed on the major European indices (AEX, BEL, CAC, DAX, FTSE, FTSE-MIB, IBEX, OMX). We find that the firm size, measured by total assets, and the carbon intensity are the variables that most influence the ESG rating in countries where the economic sectors rely mainly on the business cycle and economic conditions. For companies operating in the technology, financials, and industrial sectors, the main ESG driver is the asset turnover ratio, which is a measure of the efficiency with which a company generates revenues, and the EBIT to revenue, which is a measure of the operating margin asset turnover and the Earnings Before Interest and Taxes (EBIT) to revenue ratio. We discover diverse factors affecting ESG ratings across various European countries, highlighting the impact of each nation’s policy on ESG commitment.

Free Float and Stock Liquidity: Evidence from Pakistan Stock Exchange

Liquidity has become increasingly important in the stock market, highlighting its vital role in enabling high-volume trading with minimal price distortion, speed, and convenience. This study is carried out to examine the relationship between free float and stock market liquidity using different ratios and models namely, Amihud, Amivest and turnover. For this purpose, a sample of top 100 listed companies are selected from Pakistan Stock exchange (PSX) from 2013 to 2022. An inverse relationship between free float and liquidity was found using Amihud ratio whereas turnover ratio supports the notion of improved liquidity with increased free float. This study highlights the importance of free float in capital markets and offers practical advice for businesses and individuals navigating the complexities of stock liquidity. While our paper contributes to the current body of literature, it also invites additional investigation by bringing in a variety of variables and broadening the focus outside of Pakistan's KSE 100 index companies.

ANALISIS PERPUTARAN MODAL KERJA PADA PT. MAYORA INDAH TBK

The aim of this research is to analyze PT Mayora Indah, Tbk on the working capital turnover ratio. This research uses a descriptive type with a quantitative approach. This research uses a purposive sampling technique and uses profit and loss financial reports consisting of sales reports, initial working capital and final working capital from 2013 to 2022 as the sample. First, the latest financial report data, and second, data for a ten-year period, specifically 2013–2022, is used as a standard. The analysis used is SPSS version 22 software which includes Statistical Analysis and One Sample Test. This research shows that the working capital turnover ratio is six times lower than expected.

Exploring the stock market development and sustainable development nexus: insights from emerging market economies

PurposeSustainable development is considered a key factor in addressing environmental issues, global inequalities and poverty. This study aims to investigate the impact of stock market indicators on sustainable development across 16 emerging markets from 2003 to 2020.Design/methodology/approachThe research uses causality and cointegration analyses to explore the relationships between stock market indicators and sustainable development.FindingsUnivariate causality analysis reveals a bidirectional causal relationship between the stock market turnover ratio and sustainable development, as well as a unidirectional relationship from sustainable development to stock market capitalization and total value traded. Panel-level cointegration analysis suggests that only stock market capitalization has a weak positive influence on sustainable development. However, the impact of stock market indicators on sustainable development varies significantly among countries, as revealed by country-level cointegration analysis.Research limitations/implicationsWhile this study provides valuable insights, it is not without limitations. The findings are limited to the selected emerging markets and the specified timeframe (2003–2020). The complexity of factors influencing sustainable development suggests the need for further exploration in diverse contexts.Practical implicationsUnderstanding the nuanced relationships between stock market indicators and sustainable development can offer valuable insights for policymakers, investors and stakeholders.Originality/valueThis research contributes to the existing literature by examining the multifaceted connections between stock market indicators and sustainable development, focusing on country-specific causality relationships. The study highlights the reciprocal nature of this relationship, where financial market development can both influence and be influenced by a country's progress toward sustainability. This approach provides a more nuanced understanding of the complex interaction between stock market maturity and sustainability goals.

ANALISIS PENGARUH MANAJEMEN MODAL KERJA TERHADAP PROFITABILITAS: STUDI KASUS PADA RUMAH SAKIT X

This study aims to analyze the effect of working capital management on profitability in X Hospital. The research method used is descriptive quantitative. The data source used comes from secondary data in the form of financial statements of Hospital X for the period 2020 - 2022. Working capital analysis is carried out by analyzing financial ratios using cash turnover, accounts receivable turnover, and inventory turnover ratios. Meanwhile, to analyze profitability, the ratios of return on assets (ROA), return on equity (ROE,) and net profit margin (NPM) were used. The results showed that working capital management has a significant effect on profitability

Analysis Of Financial Performance Of Muhammadiyah Aisyiyah Hospital In Jakarta Before And After The Covid-19 Pandemic

This study aims to analyze differences in the financial performance of the Muhammadiyah-Aisyiyah Hospital (RSMA) in Jakarta before and after the COVID-19 pandemic. Data was obtained from financial reports (2017Q1-2022Q4) which were analyzed using the ANOVA difference test. Based on the analysis and discussion, it was found that there was a significant difference in financial performance in the financial ratios of TATO and PBT, while the difference in DAR was not significant before and after the COVID-19 pandemic in the RSIJ Group. Apart from that, it was found that financial performance was better after the COVID-19 pandemic.This research provides practical insights for hospital managers and stakeholders in designing more effective policies for financial management during and after the pandemic. The increase in the Debt to Assets Ratio in several hospitals shows the need for better debt management strategies, while the decrease in the Total Assets Turnover Ratio emphasizes the importance of increasing the efficiency of assets use. The increase in Profit Before Tax in several hospitals indicates opportunities to increase profitability through appropriate management despite existing challenges. To improve the financial performance of Muhammadiyah private hospitals in DKI Jakarta, it is recommended to improve asset management to make it more effective, diversify income sources to reduce financial risks, improve revenue and operational expense management strategies, and invest in advanced health technology.