JURNAL ILMIAH EKONOMI DAN MANAJEMEN

ANALISIS KOMPARATIF KINERJA KEUANGAN BERDASARKAN RASIO LIKUIDITAS, SOLVABILITAS, DAN PROFITABILITAS PADA PT EAGLE HIGH PLANTATIONS TBK YANG TERDAFTAR DI BURSA EFEK INDONESIA PERIODE 2019-2023

Irdian Irdian, Puji Muniarty — Fri, 01 May 2026 00:00:00 +0000

This study amis to analyze and compare financial performance based on liquidity, solvency and profitability ratios at PT Egle High Plantations Tbk listed on the Indonesia Stock Exchange for the period 2019-2023. The data used in this study are secondary data in the form of annual financial statements. The research method used is a comparative method with a quantitative approach. Data analysis techniques use financial ratios including Current ratio to measure liquidity, Debt to Equity Ratio to measure solvency, and Return on Assets to measure profitability. The result show that the company’s financial performance fluctuated during the study period. Liquidity ratios indIcate an unstable ability to meet short-term obligations. Solvency ratios show a relatively high dependence on debt . Meanwhile, profitability ratios indIcate that the company’s ability to generate profits is still not optimal. This research is expected to provide consideration for management and investors in decision-making.

Pengaruh Struktur Modal, Total Asset Turn Over, Dan Current Ratio Terhadap Kinerja Keuangan Pada PT Kalbe Farma Tbk Periode 2015-2024

Muhammad Aulia Tanshir Saragih, Koes Indrakoesoema — Fri, 01 May 2026 00:00:00 +0000

This study aims to analyze the effect of Debt to equity Ratio, Total Asset Turnover, and Current Ratio on Return on Assets, both partially and simultaneously, at PT Kalbe Farma Tbk during the period 2015-2024. This study uses a descriptive method with a quantitative Approach. So the analysis is focused on the processing and interpretation of numerical data sourced from the company's annual financial statements. The data used are secondary data obtained from the financial position statement and income statement, which are published consistently during the observation period and are considered representative in describing the company's financial condition over time. Data analysis is carried out through several stages, starting from classical assumption testing to multiple linear regression analysis. To assess the feasibility of the research model, correlation coefficient tests, determination coefficients, simultaneous tests (F), and partial tests (t) are used with the help of EViews 12 software. The test results show that DER has no significant effect on ROA, with a significance value of 0.1715 which is greater than the significance level of 0.05. Similar results were found for CR, which had a significance value of 0.3738, thus not being proven to have an effect on ROA. In contrast to TATO, this variable actually showed a positive and significant effect on ROA with a significance value of 0.0354, indicating that asset utilization efficiency plays a significant role in increasing company profitability. Meanwhile, the results of the simultaneous test showed that DER, TATO, and CR together did not have a significant effect on ROA, with a probability value of 0.068577. However, the Adjusted R² value of 0.503867 indicates that the research model is able to explain 50.39% of the variation in ROA. Meanwhile, the remaining 49.61% is influenced by other factors outside the analyzed variables.

Analisis Perbandingan Kinerja Keuangan PT Alam Karya Unggul Tbk dan PT Kedaung Indah Can Tbk

Nurillah Nurillah, Puji Muniarty — Fri, 01 May 2026 00:00:00 +0000

This study aims to analyze the comparison of financial performance between PT Alam Karya Unggul Tbk and PT Kedaung Indah Can Tbk as measured by liquidity and profitability ratios. The liquidity ratio is proxied by the Current Ratio (CR), while the profitability ratio is proxied by Return on Assets (ROA). This research uses a quantitative method with a comparative approach. The data used are secondary data in the form of annual financial statements of both companies during the period 2015–2024, obtained from the official websites of the companies. The sampling technique used is purposive sampling.The data analysis techniques include financial ratio analysis, normality test (Shapiro-Wilk), homogeneity test (Levene Statistic), and hypothesis testing using ANOVA. The results show that descriptively, the Current Ratio (CR) of both companies is in the good to very good category, while Return on Assets (ROA) tends to fluctuate and remains relatively low. The normality test indicates that the data are normally distributed, and the homogeneity test shows that the data are homogeneous.Based on the ANOVA test results, the significance values are greater than 0.05 for both CR and ROA variables, indicating that there is no significant difference in financial performance between PT Alam Karya Unggul Tbk and PT Kedaung Indah Can Tbk. This study is expected to contribute to academics and practitioners in understanding financial performance analysis based on financial ratios.

ANALISIS KOMPARATIF KINERJA KEUANGAN BERBASIS RASIO PADA PT NIPPON INDOSARI CORPINDO TBK DAN PT TUNAS BARU LAMPUNG TBK

Putri Amanda Safirah, Puji Muniarty — Fri, 01 May 2026 00:00:00 +0000

This study aims to analyze the comparative financial performance based on financial ratios of PT Nippon Indosari Corpindo Tbk and PT Tunas Baru Lampung Tbk. The method used is quantitative with a comparative approach. The data consists of annual financial statements analyzed using financial ratios, namely Current Ratio for liquidity, Debt to Equity Ratio for solvency, and Return on Assets (ROA) for profitability. The results show differences in financial performance between the two companies based on each ratio. Companies with better ratios demonstrate stronger ability in meeting obligations, managing capital structure, and generating profits through assets. This study is expected to provide evaluation material for companies and a reference for future research.

Analisis Studi Kelayakan Bisnis UMKM “Awas Pancong”

Sat, 02 May 2026 00:00:00 +0000

This study aims to analyze the feasibility of the culinary business “Awas Pancong” as an innovation of traditional food with a modern concept. The research employs a descriptive qualitative method using observation, interviews, and literature review, with analysis covering market, management, financial, and SWOT aspects. The results indicate that the business has strong market potential, particularly among students and the general public. Financial analysis shows an R/C ratio of 1.0216 and a Return on Investment (ROI) of 10%, indicating that the business is feasible, with a payback period of 2.22 years. The SWOT analysis highlights strengths in affordable raw materials and pricing, opportunities from modern culinary trends, as well as weaknesses in product durability and threats from competition.

Pengaruh Kompensasi Dan Lingkungan Kerja Fisik Terhadap Kinerja Karyawan Pada PT Bumi Berkah Boga Bekasi Barat

Corry Adrizka Chairunisa, Andri Priadi — Sat, 02 May 2026 00:00:00 +0000

This study aims to determine the effect of compensation and physical work environment on employee performance at PT Bumi Berkah Boga West Bekasi The method used in this study is with quantitative descriptive methods. The population in this study is employees of PT Bumi Berkah Boga which amounts to 55 employees and the sample in this study uses saturated samples, which uses the entire population as a sample. with an error rate of 5%. Data collection techniques in this study used questionnaires. Data analysis techniques with simple and multiple linear regression. The results showed that partial compensation (X1) had a positive effect on the performance of cariawan (Y) with a coefficient of 19.3% and Tcalculate (4.482>2.00665). The work environment (x2) has a positive effect on the performance of Y employees with a coefficient of determination of 3.3% tcalculate (-2.849<2.00665). Employee performance (Y), correlation coefficient Compensation (X1) and work environment (X2) have a moderate level of influence or relationship on employee performance with a coefficient of determination of 30.2% and Fcalculate (11.271>3.17). Based on the results of calculations that have been carried out, it can be interpreted that H1, H2 and H3 are accepted, this shows that it is proven that there is an influence of compensation and physical work environment on employee performance both partially and simultaneously.

Pengaruh Struktur Modal, Likuiditas, Dan Ukuran Perusahaan Terhadap Kinerja Keuangan Pada PT. Waskita Karya (Persero), Tbk Periode 2015-2024

Putriani Putriani, Faisal Faisal — Mon, 04 May 2026 00:00:00 +0000

This study aims to analyze the effect of Debt to Equity Ratio (DER), Current Ratio (CR), and Company Size on Financial Performance at PT Waskita Karya (Persero) Tbk for the 2015-2024 period. This study uses a descriptive method with a quantitative approach. The data used are secondary data obtained from the company’s financial statements during the study include descriptive stastistical analysis, classical assumption tests, multipe linear regression analysis, correlation coefficients, coefficients of determination, and hypothesis testing using t-tests and f-tests using SPSS version 26. The results indicate that the Debt to Equity Ratio (DER) partially has a significant negative effect on Financial Performance with a significance value of 0.088 < 0.5 and t-value > t-table (|-3.487| > 2.051). Meanwhile, the Current Ratio (CR) did not significantly influence Financial Performance, with a significance value of 0.218 > 0.05 and a calculated t-value < t-table (|1.388| < 2.051). Similarly, Company Size did not significantly influence Financial Performance, with a significance value of 0.434 > 0.05 and a calculated t-value < t-table (|-0.823| < 2.051). Simultaneously, Debt to Equity Ratio (DER), Current Ratio (CR), And Company Size did not significantly influeence Financial Performance, with a significance value of 0.059 > 0.05 and a calculated f-value > f-table (|4.375| > 4.07).

BEA MATERAI DI INDONESIA: Pengertian, Regulasi, Mekanisme, dan Permasalahan Penerapannya

Sifa Silfia, Ahmad Zhuhri — Tue, 05 May 2026 00:00:00 +0000

The purpose of this study is to examine how stamp duty is implemented in Indonesia, including its legal basis, functions, and scope, as well as the various issues that arise during its implementation, particularly in the digital age. The data sources consist of primary, secondary, and tertiary legal materials obtained through a literature review, and a descriptive-analytical normative legal approach was employed. The results of the study indicate that Stamp Duty serves two primary roles: a fiscal role to boost state revenue and a legal role to verify documents. Law No. 10 of 2020 brought significant changes due to technological advancements, such as the implementation of a single rate of Rp10,000 and the recognition of electronic stamps. However, in practice, numerous obstacles remain. These include a lack of public awareness, technical issues with e-Stamps, and deficiencies in infrastructure and regulations. Additionally, the implementation of Stamp Duty impacts taxpayer compliance levels; simplifying the system and increasing public outreach can improve compliance. Consequently, to optimize the implementation of Stamp Duty in the future, enhanced education, strengthened legislation, and the development of an integrated digital system are required.

PENGARUH WORD OF MOUTH (WOM) DAN KUALITAS PRODUK TERHADAP KEPUTUSAN PEMBELIAN PADA PT. SURYA RATU DECOR PAMULANG TANGERANG SELATAN

Am. Daud Mu'min Shodiq, Erlita Kurniawaty — Wed, 06 May 2026 00:00:00 +0000

Penelitian ini bertujuan untuk mengetahui pengaruh Kualitas Pelayanan Digital dan Kualitas Produk terhadap Kepuasan Konsumen pada PT Cyberindo Aditama Branch Banten Kota Tangerang, baik secara parsial maupun simultan. Metode penelitian yang digunakan adalah metode kuantitatif dengan pendekatan Asosiatif dan pengolahan data kuesioner menggunakan aplikasi SPSS versi 27. Populasi dalam penelitian ini adalah konsumen PT Cyberindo Aditama, sebanyak 9.172 konsumen kemudian dilakukan perhitungan dengan menggunakan rumus slovin untuk menentukan seberapa banyak sampel yang dibutuhkan. Setelah perhitungan mendapat 98,92 dibulatkan menjadi 99 responden. Teknik analisis data menggunakan uji validitas, uji reliabilitas, uji asumsi klasik, analisis regresi, analisis koefisien korelasi, analisis koefisien determinasi, dan uji hipotesis.Hasil penelitian menunjukkan bahwa: (1) Kualitas Pelayanan Digital secara parsial berpengaruh positif dan signifikan terhadap Kepuasan Konsumen, dibuktikan dengan nilai t _hitung > t _tabel (5,113 > 1,985) dan nilai signifikansi 0,000 < 0,05, dengan kontribusi pengaruh sebesar 21,2%. (2) Kualitas Produk secara parsial berpengaruh positif dan signifikan terhadap Kepuasan Konsumen, dibuktikan dengan nilai t _hitung > t _tabel (5,164 > 1,985) dan nilai signifikansi 0,000 < 0,05, dengan kontribusi pengaruh sebesar 21,6%. (3) Secara simultan, Kualitas Pelayanan Digital dan Kualitas Produk berpengaruh positif dan signifikan terhadap Kepuasan Konsumen, ditunjukkan oleh nilai F_hitung > F_tabel (29,964 > 3,09) dengan tingkat signifikansi 0,000. Berdasarkan uji koefisien determinasi, diperoleh nilai R Square sebesar 0,384. Hal ini menunjukkan bahwa variabel Kualitas Pelayanan Digital dan Kualitas Produk memberikan kontribusi pengaruh sebesar 38,4% terhadap Kepuasan Konsumen, sedangkan sisanya sebesar 61,6% dipengaruhi oleh faktor-faktor lain yang tidak diteliti dalam penelitian ini.

Kata Kunci: Kualitas Pelayanan Digital, Kualitas Produk, Kepuasan Konsumen.

PENGARUH LIKUIDITAS DAN PROFITABILITAS TERHADAP NILAI PERUSAHAAN PADA PT ADIRA DINAMIKA MULTI FINANCE TBK DAN PT ASTRA SEDAYA FINANCE

Ifa Andriani, Puji Muniarty — Thu, 07 May 2026 00:00:00 +0000

This study aims to analyze the effect of liquidity and profitability on firm value at PT Adira Dinamika Multi Finance Tbk and PT Astra Sedaya Finance. The research method used is an associative method with a quantitative approach. The data used are secondary data in the form of financial statements for the period 2019–2023. Liquidity is measured using the Current Ratio (CR), profitability is measured using Return on Assets (ROA), and firm value is measured using Price to Book Value (PBV). The data analysis techniques used include multiple linear regression analysis, classical assumption tests, and hypothesis testing consisting of partial tests (t-test) and simultaneous tests (F-test). The results show that liquidity has no significant effect on firm value, while profitability has a positive and significant effect on firm value. Simultaneously, liquidity and profitability have a significant effect on firm value.

ANALISIS PERBANDINGAN RETURN ON ASSETS (ROA) DAN DEBT TO EQUITY RATIO (DER) TERHADAP NILAI PERUSAHAAN PADA PT NUSA RAYA CIPTA TBK DAN PT JAYA KONSTRUKSI MANGGALA PRATAMA TBK

Nani Yumiarni, Puji Muniarty — Thu, 07 May 2026 00:00:00 +0000

This study aims to analyze the comparison of Return On Assets (ROA) and Debt to Equity Ratio (DER) on firm value at PT Nusa Raya Cipta Tbk and PT Jaya Konstruksi Manggala Pratama Tbk. This research uses a quantitative approach with a comparative method. The data used are secondary data obtained from the companies’ financial statements for the period 2015–2024. The data analysis techniques include normality testing using Shapiro-Wilk and comparative analysis using the Mann-Whitney test. The results show that Debt to Equity Ratio (DER) has a significant difference between the two companies, while Return On Assets (ROA) and firm value do not show significant differences.These findings indicate that the main difference lies in the capital structure, while profitability and firm value are relatively similar.