PEMAKALAH: Jurnal Penelitian Manajemen Akuntansi Berkala Ilmiah

PENGARUH DISIPLIN KERJA DAN KREATIVITAS TERHADAP KINERJA GURU PADA SMA NEGERI 5 PEMATANG SIANTAR

Andika Sinaga — 2025-11-27

The purpose of this research is to find out: 1. Description of work discipline, creativity, and teacher performance at SMA Negeri 5 Pematang Siantar. 2. The effect of work discipline and creativity on teacher performance at SMA Negeri 5 Pematang Siantar. This study uses a library research design and field research. The population of this study was all PNS teachers at SMA Negeri 5 Pematang Siantar totaling 59 people. The types of data used are qualitative data and quantitative data. The data sources used are primary data and secondary data. Data collection was carried out using questionnaires, interviews, documentation, and observation. The research instrument test is a validity test and a reliability test. The analysis technique used is the normality test, qualitative descriptive analysis and quantitative descriptive analysis. The results of this study can be concluded that: 1. Work discipline, motivation and teacher performance are good. 2. There is a positive influence between work discipline and creativity on teacher performance at SMA Negeri 5 Pematang Siantar both simultaneously and partially. 3. There is moderately high and positive correlation between work discipline and creativity with teacher performance at SMA Negeri 5 Pematang Siantar. Then the high and low teacher performance can be explained by work discipline and creativity. 4. Hypothesis H0 is rejected, meaning that work discipline and creativity have a positive and significant effect on teacher performance at SMA Negeri 5 Pematang Siantar both simultaneously.

PENGARUH DISIPLIN KERJA TERHADAP KINERJA GURU DENGAN KOMITMEN SEBAGAI VARIABEL MODERATING PADA SMP NEGERI 6 PEMATANG SIANTAR

Andu Wijaya — 2025-11-27

The purpose of this research is to find out: 1. The description of work discipline, commitment, and teacher performance at SMP Negeri 6 Pematang Siantar. 2. The Influence of work discipline on teacher performance at SMP Negeri 6 Pematang Siantar. 3. The Influence of work discipline on teacher performance with commitment as moderating variable at junior high school 6 Pematang Siantar. This research was conducted using library and field research designs. The population in this study were 35 civil servant teachers at SMP Negeri 6 Pematang Siantar. The types of data used are qualitative data and quantitative data. The data sources used are primary data and secondary data. Data collection is done by interview, questionnaire, and documentation. The research instrument test is validity test and reliability test. The technical analysis used is normality test, qualitative descriptive analysis, and quantitative descriptive analysis. The results can be concluded as follows: 1. Work discipline and teacher performance are good, and commitment is high. 2. There is positive influence between work discipline on teacher performance and commitment is able to moderate the influence of work discipline on teacher performance. 3. There is moderately and positive correlation between work discipline and teacher performance, and high and positive correlation between work discipline and teacher performance moderated by commitment. Then the level of teacher performance can be explained by work discipline and commitment as moderating variable. 4. H⁰ is rejected, meaning that work discipline has a positive and significant effect on teacher performance. Likewise, commitment can significantly moderate the relationship between work discipline and teacher performance at SMP Negeri 6 Pematang Siantar.

PENGARUH KEPERCAYAAN DAN KUALITAS PELAYANAN TERHADAP KEPUASAN PELANGGAN PADA UD TUMANGGOR PEMATANG SIANTAR

Anita Damayanti Sitinjak — 2025-11-27

The objectives of this study are: 1. To determine the description of trust, service quality and customer satisfaction at UD Tumanggor Pematang Siantar. 2. To determine the effect of trust, service quality on customer satisfaction at UD Tumanggor Pematang Siantar both simultaneously and partially. This research was conducted using library and field research designs. The population in this study were all 70 customers. The types of data used are qualitative data and quantitative data. Data collection was carried out by questionnaire, interview and documentation. The instrument test used is the validity test and reliability test. The analysis techniques used are normality test, qualitative descriptive analysis and quantitative descriptive analysis. The results of the study can be concluded: 1. Trust, service quality is good and customer satisfaction is satisfied. 2. There is a positive influence between trust and service quality on customer satisfaction both simultaneously and partially. 3. There is a strong and positive relationship between trust and service quality with customer satisfaction. 4. The H0 hypothesis is rejected, meaning that there is a positive and significant influence between trust and service quality on customer satisfaction at UD Tumanggor Pematang Siantar both simultaneously and partially.

PENGARUH INOVASI PRODUK DAN WORD OF MOUTH TERHADAP MINAT BELI PADA KUE NENEK MOYANG PEMATANG SIANTAR

Annisa Hamzah — 2025-11-27

The purpose of this research are: 1. The description of product innovation, word of mouth, and purchase intention at Kue Nenek Moyang Pematang Siantar. 2. The effect of product innovation and word of mouth on purchase intention at Kue Nenek Moyang Pematang Siantar both simultaneously and partially. This research uses library research and field research design. The sample of this research were consumers of Kue Nenek Moyang Pematang Siantar, totally 55 people. The types of data used in this research are qualitative data and quantitative data. Data sources use primary data and secondary data. Data collection techniques were carried out by questionnaires, interviews, documentation, and observation. The research instrument test uses validity test and reliability test. The data analysis techniques used were normality test, qualitative descriptive analysis, and quantitative descriptive analysis. The results of this research can be concluded as follows: 1. Product innovation, word of mouth and purchase intention are good. 2. There is positive effect between product innovation and word of mouth on purchase intention both simultaneously and partially. 3. There is moderately high corelation between product innovation and word of mouth with purchase intention. The level of purchase intention can be explained by product innovation and word of mouth. 4. The results of the hypothesis test state that H₀ is rejected, meaning that there is positive and significant effect between product innovation and word of mouth on purchase intention at Kue Nenek Moyang Pematang Siantar both simultaneously and partially.

PENGARUH KOMUNIKASI TERHADAP KINERJA PEGAWAI DENGAN LINGKUNGAN KERJA SEBAGAI VARIABEL MODERATING PADA KANTOR PENGADILAN NEGERI KELAS 1B PEMATANG SIANTAR

Helen Enjelina Sirait — 2025-11-27

The purpose of this study are to determine: 1. The description of communication on employee performance with the work environment as a moderating variable at Kantor Pengadilan Negeri Kelas 1B Pematang Siantar. 2. The influence of communication on employee performance at Kantor Pengadilan Negeri Kelas 1B Pematang Siantar. 3. The influence of communication on employee performance with the work environment as a moderating variable at Kantor Pengadilan Negeri Kelas 1B Pematang Siantar. This research was conducted using library and field research designs. The population in this study were 25 employees. The types of data used were qualitative data and quantitative data. The data sources used are primary data and secondary data. Data collection was carried out by questionnaire, interview and documentation. The research instrument test is the validity test and reliability test. The analysis techniques used were normality test, qualitative descriptive analysis and quantitative descriptive analysis. The results of the study can be summarized as follows: 1. Communication, work environment, and employee performance are good. 2. There is a positive influence between communication on employee performance with the work environment as a moderating variable. 3. There is a moderately high relationship between communication and employee performance and a moderately high relationship between communication and employee performance moderated by the work environment. 4. The H₀is rejected, meaning that communication has a positive and significant effect on employee performance, then the work environment is able to moderate positively and significantly the relationship between communication and employee performance.

PENGARUH BUDAYA ORGANISASI DAN MOTIVASI TERHADAP KINERJA GURU PADA SMKS CINTA RAKYAT PEMATANG SIANTAR

Meynalda Silalahi — 2025-11-27

The objectives of tihis study are: 1. The description of the organizational culture, motivation and performance of teachers at the School SMKS Cinta Rakyat Pematang Siantar. 2. The influence of organizational culture and motivation on teacher performance at the School SMKS Cinta Rakyat Pematang Siantar, either simultaneously or partially. This research uses literature and field research designs. The population of this study were all 30 teachers of School SMKS Cinta Rakyat Pematang Siantar. The types of data used is qualitative data and quantitative data. The data source uses primary data and secondary data. The data collection technique was done by using questionnaires, interviews and documentation. The data analysis technique used is normality test, qualitative descriptive analysis and quantitative descriptive analysis. The results of this study can be concluded as follows: 1. The organizational culture is strong, the motivation and teacher performance is good. 2. There is a positive influence between organizational culture and motivation on teacher performance. 3. There is a modemate;y high corelation between organizational culture and motivation and motivation. The level of teacher performance can be explained by organizational culture and motivation. 4. The results of the hypothesis testing state that H₀ is rejected, meaning that there is a positive influence between organizational culture and motivation on teacher performance both simultaneously and partially at School SMKS Cinta Rakyat Pematang Siantar.

PENGARUH INOVASI PRODUK DAN KUALITAS PELAYANAN TERHADAP KEPUASAN KONSUMEN PADA KEDAI KOPI HORDJA PEMATANG SIANTAR

Dian Lica F. Simanjuntak — 2025-11-27

The aims of this study were: 1. To find out the description of product innovation, service quality and customer satisfaction at the Kedai Kopi Hordja Pematang Siantar. 2. To determine the effect of product innovation and service quality on customer satisfaction at Kedai Kopi Hordja Pematang Siantar either simultaneously or partially. The research design used in this research is library research and field research. The population in this study were consumers from the Kedai Kopi Hordja Pematang Siantar, totaling 60 people and all of them were used as samples. The types of data used in this study are qualitative data and quantitative data. Sources of data used in this study are primary data and secondary data. Data collection was carried out using questionnaires, interviews and documentation. Test the research instrument used is the validity test and reliability test. Data analysis techniques used were normality test, qualitative descriptive analysis, and quantitative descriptive analysis. The results of the study can be summarized as follows: 1. Product innovation and service quality are good and consumer satisfaction is satisfied. 2. There is a positive influence between product innovation and service quality on customer satisfaction either simultaneously or partially. 3. Product innovation and service quality have moderately high correlation with customer satisfaction. Satisfied or not customer satisfaction can be explained by product innovation and service quality. 4. The results of the hypothesis test stated that H0 is rejected, meaning that product innovation and service quality have a positive and significant effect on customer satisfaction at the Kedai Kopi Hordja Pematang Siantar both simultaneously and partially.

PENGARUH PROMOSI DAN NILAI PELANGGAN TERHADAP MINAT BELI ULANG PADA MARKETPLACE LAZADA

Laeli Farhati S. Sinaga — 2025-11-27

The aims of this study are: 1. To find out the description of promotions and customer value on repurchasing interest in the Lazada marketplace. 2. To find out the effect of promotions and customer value on repurchasing interest in the Lazada marketplace. Either simultaneously or partially. This study used a library and field research design. the sample in this study were students/I Semester VI Management Study Program Semester VI T.A. 2022/2023 at STIE Sultan Agung Pematang Siantar using the Lazada marketplace, totaling 54 people. The types of data used in this study are qualitative data and quantitative data. Sources of data used are primary data and secondary data. Data collection techniques were carried out using questionnaires, interviews and documentation. The research instrument test used is the validity test and reliability test. Data analysis techniques used were normality test, qualitative descriptive analysis, and quantitative descriptive analysis. The results of this study can be concluded as follows: 1. Promotion, Customer Value and Repurchase Intention are good. 2. The results of the regression analysis show that there is a positive influence between promotions and customer value on repurchase intention either simultaneously or partially. 3. The results of the correlation coefficient analysis show that there is a moderately high correlation relationship between promotions and customer value on repurchase intention. High and low repurchase interest can be explained by promotions and customer value. 4. The results of the hypothesis test stated that H0 was rejected, meaning that promotions and customer value had a positive and significant effect on repurchasing interest in the Lazada marketplace both simultaneously and partially.

PENGARUH KUALITAS PELAYANAN TERHADAP LOYALITAS NASABAH DENGAN KEPUASAN NASABAH SEBAGAI VARIABE INTERVENING PADA PT BANK NEGARA INDONESIA (PERSERO), TBK

Mega Utami Trinanda Nainggolan — 2025-11-27

The purposes of this study are: 1. To describe the quality of service, customer satisfaction and loyalty at PT Bank Negara Indonesia (Persero), Tbk. 2. To determine the effect of service quality on customer satisfaction at PT Bank Negara Indonesia (Persero), Tbk. 3. To determine the effect of customer satisfaction on customer loyalty at PT Bank Negara Indonesia (Persero), Tbk. The types of data used are qualitative data and quantitative data. Sources of data used are primary data and secondary data. Data collection was carried out using questionnaires, interviews, and documentation. Test the research instrument used is the validity test and reliability test. Data analysis techniques used were normality test, qualitative descriptive analysis, and quantitative descriptive analysis.The results of this study can be summarized as follows: 1. Service quality is good, customer satisfaction is satisfied and customer loyalty is high. 2. There is a positive influence between service quality on customer satisfaction and there is a positive influence between customer satisfaction and customer loyalty. 3. There is a high correlation between service quality and customer satisfaction and there is a high correlation between customer satisfaction and customer loyalty. The level up customer satisfaction can be explained by service quality and the level up customer loyalty can be explained by customer satisfaction. 4. If H₀ is rejected, meaning that service quality has a positive and significant effect on customer loyalty with customer satisfaction as intervening variable at PT Bank Negara Indonesia (Persero), Tbk..

PENGARUH KUALITAS PRODUK DAN HARGA TERHADAP MINAT BELI KONSUMEN PADA COFFEE HARIKO

Priya Putri Havana Harahap — 2025-11-27

The lpurpose lof lthis lstudy lare: l1. lTo ldetermine lthe ldescription lof lproduct lquality, lprice, land lcustomer lpurchase linterest lat lCoffee lHariko. l2. lTo ldetermine lThe leffect lof lproduct lquality land lprice lon lcustomer lbuying linterest lat lCoffee lHariko leither lsimultaneously lor lpartially. lThis lresearch luses lthe ldesign lof llibrary lresearch land lfield lresearch. lThe lsample lused lin lthis lresearch lwas l55 lcustomers. lThe ltypes lof ldata lused lin lthis lstudy lare lqualitative ldata land lquantitative ldata. lSource lof ldata lconsists lof lprimary ldata land lsecondary ldata. lCollection lof ldata lsources lis ldone lby lquestionnaires, linterviews land ldocumentation. lTest lthe lresearch linstrument lusing lthe lvalidity ltest land lreliability ltest. lThe ldata lanalysis ltechnique lused lis lthe lnormality ltest, lqualitative ldescriptive lanalysis land lquantitative ldescription. lThe lresults lof lthis lresearch lare las lfollows: l1. lProduct lquality, lprice land lconsumer lbuying linterest lis lgood. l2. lProduct lquality land lprice lhave la lpositive leffect lon lconsumer lbuying linterest lboth lsimultaneously land lpartially l3. lThere lis la lmoderately lhigh lcorrelation lbetween lproduct lquality land lprice land lconsumer lpurchasing linterest. lThe llevel lof lconsumer lbuying linterest lcan lbe lexplained lby lproduct lquality land lprice. l4. lH₀ lis lrejected, lmeaning lthat lproduct lquality land lprice lhave la lpositive land lsignificant leffect lon lconsumer lbuying linterest lin lHariko lCoffee lboth lsimultaneously land lpartially.

ANALISIS PENERAPAN GREEN ACCOUNTING DAN PENGUNGKAPAN CORPORATE SOCIAL RESPONSIBILITY (CSR) DALAM MENINGKATKAN NILAI PERUSAHAAN PADA PT BUKIT ASAM, TBK YANG TERDAFTAR DI BURSA EFEK INDONESIA

Agung Rizky — 2025-11-27

This research purpose to describe green accounting, Corporate Social Responsibility (CSR) and firm value, as well as to identify the factors that influence the value of PT Bukit Asam, Tbk, which is listed on the Indonesia Stock Exchange. The research employs both qualitative and quantitative data, with secondary data as the source. The data collection technique used is documentation, while the data analysis is conducted through qualitative descriptive analysis and inductive analysis techniques. The results of this research is indicate that green accounting and Corporate Social Responsibility (CSR) can enhance the value of PT Bukit Asam, Tbk meaning that the company's decisions regarding economic, environmental, and social performance contribute to increasing the company's value.

ANALISIS PERBANDINGAN KEAKURATAN CAPITAL ASSET PRICING MODEL (CAPM) DAN ARBITRAGE PRICIN THEORY (APT) DALAM UPAYA MENGAMBIL KEPUTUSAN INVESTASI SAHAM PADA INDEKS LQ45 YANG TERDAFTAR DI BEI

Anggi Margaret Sianturi — 2025-11-27

The purpose of this study is to understand some of the principles of Capital Asset Pricing Model (CAPM) and Arbitrage Pricing Theory (APT) in order to make informed investment decisions for the LQ45 index, which is listed in BEI. The independent samples t-test, the kolmogorov-Smirnov test, the komperatif analysis technique, and the deskriptif kualitatif analysis technique are used to gather data. Penelitian results: 1. The return and risk of the LQ45 index can be analyzed using a more comprehensive CAPM sederhana or APT that takes macroeconomic factors into account. 2. There is no discernible difference in prediction accuracy using Mean Absolute Deviation (MAD) and test. The results of this study indicate that investors should diversify their portfolios in order to reduce risk and maximize returns by selecting undervalued stocks of LQ45 that have the potential to grow in value. Because beta tinggi does not always guarantee a large return, keputusan development must also take risk factors into account, as in the APT model.

ANALISIS ECONOMIC VALUE ADDED UNTUK MENGUKUR KINERJA KEUANGAN PADA PT ASTRA ARGO LESTARI, TBK YANG TERDAFTAR DI BURSA EFEK INDONESIA

Devita Rohani Nababan — 2025-11-27

The purpose of this study is to find out 1. Overview of Economic Value Added (EVA) and financial performance of PT Astra Argo Lestari, Tbk listed on the Indonesia Stock Exchange for the period measured by Economic Value Added (EVA). 2. what factors affect the decline in financial performance at PT Astra Argo Lestari, Tbk. listed on the Indonesia Stock Exchange. This study was conducted using literature research. The results of this study can be concluded as follows: the Economic Value Added (EVA) value of PT Astra Agro Lestari, Tbk listed on the Indonesia Stock Exchange from 2015-2022 showed a positive EVA value. research results increase the value of Economic value Added (EVA).

PENGARUH STRUKTUR MODAL, PROFITABILITAS, UKURAN PERUSAHAAN DAN UMUR PERUSAHAAN TERHADAP NILAI PERUSAHAAN

Lanindo Estavania Sitorus — 2025-11-27

The purpose of this study was to determine the description of capital structure, profitability, company size, age of the company and the value of the company and the influence of capital structure, profitability, company size and age of the company to the value of the company both simultaneously and partially. This study focuses on the sub-sector companies of metals and Minerals listed on the Indonesia Stock Exchange. Methods used qualitative descriptive analysis and quantitative descriptive analysis. Analysis techniques used are classical assumption test, qualitative descriptive analysis and quantitative descriptive analysis. The conclusion of this study is that the capital structure fluctuates and tends to decrease while profitability fluctuates and tends to increase, the size of the company fluctuates and increases and the age of the company increases. The results of multiple linear regression testing known capital structure, profitability, size of the company a positive effect on the value of the company while the age of the company a negative effect on the value of the company. The correlation coefficient test results stated that there is a moderate relationship between capital structure, profitability, company size and age of the company with the value of the company. F test results that the capital structure, profitability, company size and age of the company significantly affect the value of the company. T test result that capital structure and profitability have no significant effect on the value of the company while the company size and age of the company have a significant effect on the value of the company

ANALISIS FINANCIAL DISTRESS DENGAN MENGGUNAKAN METODE TAFLER, GROVER, SPRINGATE SCORE DAN OHLSON PADA PT ANDIRA AGRO, TBK YANG TERDAFTAR DI BURSA EFEK INDONESIA

Siti Al Fani — 2025-11-27

The objectives of this study are: 1. To find out the picture of financial distress using the Taffler, Grover, Springate Score and Ohlson methods at PT Andira Agro, Tbk which is listed on the Indonesia Stock Exchange. 2. To find out the factors that cause financial distress using the Taffler, Grover, Springate Score and Ohlson methods at PT Andira Agro, Tbk which is listed on the Indonesia Stock Exchange. 3. To find out the most appropriate method in measuring financial distress at PT Andira Agro, Tbk which is listed on the Indonesia Stock Exchange. The data analysis techniques used are qualitative descriptive analysis techniques and comparative analysis techniques. The results of the study can be concluded as follows: 1. The average value of Taffler shows that PT Andira Agro, Tbk is categorized as bankrupt. 2. Grover's average value shows that PT Andira Agro, Tbk is in a non-bankruptcy condition. 3. The average Springate Score indicates that PT Andira Agro, Tbk is classified as experiencing financial distress. 4. Ohlson's average score indicates that the company is not in a state of distress. 5. Factors that cause financial distress with the Taffler, Grover, Springate Score and Ohlson methods are negative net working capital, current assets tend to decrease, net profit tends to decrease, EBIT and EBT tend to decrease, sales and operating cash flow funds tend to decrease. 6. The most appropriate method in measuring the bankruptcy rate at PT. Andira Agro, Tbk is the Springate Score method.

PENGARUH ARUS KAS PENDANAAN, UKURAN PERUSAHAAN DAN NILAI PERUSAHAAN TERHADAP RETURN SAHAM PADA SUB SEKTOR PERKEBUNAN YANG TERDAFTARDI BURSA EFEK INDONESIA

Siti Ramadhani Sinaga — 2025-11-27

This research aims to examine the relationship between Stock Returns, Cash Flow from Funding Activities, and Company Size from the perspective of the Plantation Sub Sector. The focus is on companies listed on the Indonesian Stock Exchange. This research uses eight main variables: However, this document is separated into two parts: This document includes four parts: (1) personal profile, (2) company profile, (3) financial analysis, and (4) stock market analysis. Managers are responsible for cash maintenance, company size, company value, and stock sales, either collectively or sequentially. We used a combination of qualitative and quantitative descriptive methodologies to conduct our research. Data collection was carried out using documentation methodology. The analysis techniques used include classical assumption testing, linear regression, k-means clustering, determination, and hypothesis testing. The research question is as follows: Subsequent Funding Cash Flows and Firm Value are implemented after initial fluctuations. The company's performance fluctuated and ultimately deteriorated overall. 2) Purchase of cash flow shares from financing activities occurs the opposite, but multiple regression analysis shows that company size and company value have a negative effect. The correlation coefficient is used to measure the relatively low stock returns, cash flow from financing, company size, and company value. Important aspects of stock investment can be explained by considering the investment's cash flow efficacy, company size, and fixed value. When the F test is applied to actual investment, firm size, and firm value, there is an important simultaneous impact on the stock. price appreciation is observed. Stock returns remain unaffected by the partial influence of cash flow, company size and company value.

ANALISIS LAPORAN ARUS KAS UNTUK MENILAI KINERJA KEUANGAN PADA PT PERUSAHAAN PERKEBUNAN LONDON SUMATRA INDONESIA, TBK YANG TERDAFTAR DI BURSA EFEK INDONESIA

Sri Yerlisa Aritonang — 2025-11-27

The objectives of this research are: 1. To find out the description of the cash flow statement to assess financial performance. 2. Factors that led to improved financial performance at PT Perusahaan Perkebunan London Sumatra Indonesia Tbk listed on the Indonesia Stock Exchange. This study was conducted using literature research. Based on the results of this study, it can be concluded that eight cash flow ratios show that cash flow ratios fluctuate and tend to increase, but of the 8 cash flow ratios there are still those that are below standard 1, namely: Total debt ratio (TH), Free Net Cash Flow Ratio (AKBB) and cash flow Adequacy Ratio (KAK).

PENGARUH LEVERAGE DAN PROFITABILITAS TERHADAP NILAI PERUSAHAAN PADA PERUSAHAAN SUB SEKTOR MAKANAN DAN MINUMAN YANG TERDAFTAR DI BURSA EFEK INDONESIA

Tomy Pranata Hutabarat — 2025-11-27

The purposes of this study are: To find out 1. overview of leverage, profitability and company value of food and beverage sub – sector companies listed on the Indonesia Stock Exchange for the period 2017-2021. 2. to determine the effect of leverage and profitability on the value of the company in the Food and beverage sub – sector companies listed on the Indonesia Stock Exchange for the period 2017-2021 both simultaneously and partially. The results of this study using descriptive qualitative analysis and quantitative analysis. The results of this study can be concluded as follows: 1) the average value of leverage and profitability tends to increase, while the value of the company tends to decrease; 2) the results of multiple linear regression can be seen that leverage has a positive effect and profitability has a negative effect on the value of the Company; 3) the results of correlation coefficient analysis show that there is a moderate relationship between leverage and profitability with the value of the company. The results of the analysis of the coefficient of determination show that leverage and profitability are able to explain most of the company's value and the remainder is influenced by other variables; 4) simultaneous test results (F test) show that cash turnover and inventory turnover have a positive and significant effect on profitability; 5) partial test results (t test) show that leverage has a positive and significant effect on the value of the company, while profitability has a negative and insignificant effect on the value of the company.

ANALISIS KINERJA KEUANGAN DENGAN MENGGUNAKAN METODE DU PONT SYSTEM PADA PT ESTIKA TATA TIARA, TBK YANG TERDAFTAR DI BURSA EFEK INDONESIA

Winda Astiananta — 2025-11-27

Financial performance is an important indicator in assessing the success of resource management and business strategy, which can be analyzed effectively through the Du Pont System method to describe the factors that influence ROE such as profitability, asset efficiency, and capital structure. The purpose of this study is: To determine the description of the financial performance of the assessed by Du Pont System analysis and to determine what factors caused the decline in financial performance at PT Estika Tata Tiara, Tbk listed on the Indonesia Stock Exchange. This study was conducted using qualitative and quantitative data. The object of the study is the financial statements of PT Estika Tata Tiara, Tbk listed on the Indonesia Stock Exchange which have been audited for the period 2019-2023. The analysis technique consists of qualitative descriptive analysis techniques and inductive analysis techniques. The results of the study indicate that the financial performance of PT Estika Tata Tiara, Tbk in the period 2019-2023 is known that Net Profit Margin, Assets Turnover, Equity Multiplier has decreased, while Return On Assets and Return On Equity have increased, which is caused by a decrease in net sales, total assets, and equity. Therefore, companies are advised to focus on increasing profitability to drive revenue, equity, and value for shareholders.

PENGARUH PERPUTARAN KAS DAN PERPUTARAN PERSEDIAAN TERHADAP PROFITABILITAS DENGAN LIKUIDITAS SEBAGAI VARIABEL MODERATING PADA SEKTOR ENERGI YANG TERDAFTAR DI BURSA EFEK INDONESIA

Zulfahmi Prayoga — 2025-11-27

The results of this research are summarized as follows: 1) The multiple linear regression show that CTO and ITO have a negative effect on NPM; 2) The correlation coefficient analysis show a moderate relationship between CTO and ITO and NPM. The determination coefficient analysis show that CTO and ITO are able to explain most of the NPM; 3) The simultaneous test (F test) show that CTO and ITO have a positive significant effect on NPM; 4) The partial test (t-test) show that CTO has a negative significant effect on NPM, while ITO has a negative insignificant effect on NPM; 5) The results of the moderating test (absolute residual) show that liquidity is not a moderating variable.