Articles

Found 19 Documents
Search

ANALISIS MODAL KERJA DAN PENGARUHNYA TERHADAP PERTUMBUHAN PERUSAHAAN Muktiadji, Nusa; Sastra, Heri
Jurnal Ilmiah Manajemen Kesatuan Vol 1 No 3 (2013): JIMKES Edisi Desember 2013
Publisher : Insitut Bisnis dan Informatika Kesatuan

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (255.849 KB) | DOI: 10.37641/jimkes.v1i3.271

Abstract

Working capital is one of important factors in a company. It?s current asset which easy to be cashed and utilized for daily operational activities of the company. The amount of reasonable working capital in a company is the amount of working capital which is enough or in mutual accord with the fund needed to finance the operational activities. The purpose of this research is to find out the correlation and impact of working capital on the company?s growth. The analysis is done to know whether the amount of working capital has correlation and impact towards the company?s growth. The research was conducted at PT. Indocement Tunggal Prakarsa, Tbk, the national companies running in cement. The result of the research shows that PT. Indocement Tunggal Prakarsa, Tbk has been efficient in managing their working capital. It?s proven by the more increase of working capital of the the companies. PT. Indocement Tunggal Prakarsa, Tbk has been able to make profit with the result that there is growth in the company. Yet, at PT. Indocement Tunggal Prakarsa, Tbk, the profit yielded cannot make the growth increases.   Keywords : Working capital; growth.
VALUASI KINERJA KEUANGAN DAN KINERJA SAHAM (STUDI KASUS PT MULTISTRADA ARAH SARANA TBK). Nikmah, Karimatun; Muktiadji, Nusa
Jurnal Ilmiah Manajemen Kesatuan Vol 7 No 2 (2019): JIMKES Edisi Agustus 2019
Publisher : Insitut Bisnis dan Informatika Kesatuan

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (374.209 KB) | DOI: 10.37641/jimkes.v7i2.227

Abstract

This study aims to determine the effect of the company's financial performance on the company's stock performance. Based on the results of research, discussion and analysis conducted, it is known that overall company performance is affected by major problems namely due to slowing global economic conditions, oversupply of Chinese tires, weakening of the world currency against the USD and falling commodity prices of rubber being a factor decrease in sales volume and affect the amount of net profit generated by the company. Inefficiency in suppressing cost of goods sold and operating expenses also causes the erosion of operating profits generated by the company. So that it affects the financial performance and overall stock performance which also impacts the decline in the value of the company.
ANALISIS KEBIJAKAN DIVIDEN TERHADAP NILAI INTRINSIK DAN NILAI PASAR PERUSAHAAN Muktiadji, Nusa; Felicia, Felicia
Jurnal Ilmiah Manajemen Kesatuan Vol 1 No 2 (2013): JIMKES Edisi Agustus 2013
Publisher : Insitut Bisnis dan Informatika Kesatuan

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (298.646 KB) | DOI: 10.37641/jimkes.v1i2.259

Abstract

Dividend policy is basically a company?s decision in determining how much net income wil be distributed to shareholders as dividend and how much will be retained. Dividend policy is able to influence intrinsic and  market value of a company. In this study, the proxy of dividend policy is Dividend Pay-out (DPO) as independent variable and intrinsic value as dependent variable with indicator that is multiplication result of Earning Multiplier (EM) and Company Market Value obtained from stock price data of LQ45 at closing price. The purpose of this study is to identify the relationship between variables, the influence of independent variable to dependent variable, and finally to measure how significant the influence of variable X to variable Y will be, dividend policy to intrinsic and market value of the company. This case study was conducted at PT Aneka Tambang Tbk. and PT Timah Tbk., both are mining company. The results of this study are: 1) Dividend policy proxied by DPO has significant influence and relationship to the intrinsic value of PT Aneka tambang Tbk. But, at PT Timah Tbk., dividend policy to intrinsic value is not significant with alpha as high as 193.064, it?s due to the dividend policy does not influence the intrinsic value, but the intrinsic value is more influenced by EPS. 2) Dividend policy proxied by DPO has connection and fairly significant influence with the company?s market value at PT Aneka Tambang Tbk. But, at PT Tima Tbk., dividend policy to the company?s market value is not significant with alpha as high as 54.859, it?s due to the dividend policy does not influence the company?s market value, but the intrinsic value is influenced dominantly by the company?s market value. The result of the research shows that the dividend policy at PT Aneka Tambang Tbk has  impact on intrinsic and market value better than the dividend policy has impact on intrinsic and market value at PT Timah Tbk.   Keywords: dividend policy; intrinsic value; market value
Analisis Pengaruh Biaya Produksi Dalam Peningkatan Kemampulabaan Perusahaan Studi Kasus di PT HM Sampoerna Tbk Muktiadji, Nusa; Soemantri, Samuel
Jurnal Ilmiah Kesatuan (JIK) Vol 11, No 1 (2009): Jurnal Ilmiah Kesatuan
Publisher : STIE Kesatuan

Show Abstract | Download Original | Original Source | Check in Google Scholar

Abstract

Dalam menjalankan kegiatan operasionalnya setiap perusahaan memerlukan biaya produksi, yang digunakan untuk mengolah bahan baku atau barang setengah jadi menjadi produk jadi. Biaya ini terdiri dari biaya bahan baku langsung, biaya tenaga kerja langsung, dan biaya overhead pabrik, dimana biaya – biaya ini nantinya akan membentuk harga pokok produksi dan harga pokok penjualan (HPP). Kemampulabaan (Profitabilitas) adalah kemampuan perusahaan dalam memperoleh laba dan hubungannya dengan penjualan, total aktiva, maupun modal sendiri. Semakin tinggi profitabilitas berarti akan semakin baik, jadi rasio kemampulabaan akan memberikan jawaban akhir tentang efektifitas manajemen perusahaan, karena rasio ini memberikan gambaran tentang tingkat pengelolaan suatu perusahaan. Pengaruh terbesar atas biaya produksi (melalui HPP) dalam penjualan dan kemampulabaan, yaitu pada pengaruh biaya produksi dalam meningkatkan kemampulabaan dibandingkan dengan pengaruh biaya produksi dalam meningkatkan penjualan, dimana pengaruhnya relatif kecil. Dari hasil penelitian dapat diketahui bahwa dalam 10 tahun data yang ada bahwa tahun 1999 merupakan tahun yang paling optimal atas kinerja perusahaan dalam mengendalikan HPP dalam penjualan dan laba kotor (kemampulabaan), yaitu dengan tingkat HPP sebesar 51.88%, mempengaruhi dalam meningkatkan penjualan sebesar 59.42% dan mempengaruhi laba kotor (kemampulabaan) perusahaan sebesar 74.57% Dan tahun yang dilihat kurang optimal yaitu pada tahun 2003 dimana dengan tingkat HPP yang menurun yaitu sebesar (3.47%) mempengaruhi meningkatkan penjualan sebesar (3.00%) dan juga mempengaruhi laba kotor perusahaan sebesar (1.93%).
Pengaruh Siklus Operasi Terhadap Likuiditas Dan Modal Kerja (Studi Kasus PT Semen Gresik Tbk dan PT Holcim Indonesia Tbk) Muktiadji, Nusa; Oktaria, Yesi
Jurnal Ilmiah Ranggagading (JIR) Vol 10, No 1 (2010): Jurnal Ilmiah Ranggagading
Publisher : Sekolah Tinggi Ilmu Ekonomi Kesatuan

Show Abstract | Download Original | Original Source | Check in Google Scholar

Abstract

Operating cycle is an important matter in a company. because by that operating cycle, it can be found out whether the company has been running well in day-to-day business. In addition, we can also find out whether the company is able to meet its financial obligations in due time. The goal of this research is to find out how high the influence of operating cycle against liquidity and working capital of the company. This study is conducted by using cases at PT. Semen Gresik Tbk and PT. Holcim Indonesia Tbk. Those companies are cement producers and distributors. The results of this research shows that in PT. Semen Gresik Tbk operating cycles as independent variable (X) has a very strong influence against liquidity as dependent variable (Y1) with level of significance 0.099 or 9.9%. While in PT. Holcim Indonesia Tbk the influence of variable-X against variable-Y statitically is not significant = 0.511 or 51.1%. It also shows that in PT. Semen Gresik Tbk between variable-X that is operating cycles and variable-Y that is net working capital (Y2) statistically has not significant influence = 0.364 or 36.4%. While in PT. Holcim Indonesia Tbk between variable-X and variabel-Y that is indicated by operating cycle (X) and net working capital (Y2) respectively shows not significant influence =0.842 or 84.2%. This condition is caused by the fact that. PT. Semen Gresik Tbk can manage well its financial performance. While PT. Holcim Indonesia Tbk has a lack of good management in managing trade account receivables and inventory. Keywords : cycle operations, liquidity, net working capital
Pengaruh Penjualan dan Profitabilitas terhadap Pertumbuhan Perusahaan Studi Kasus pada PT. Gudang Garam Tbk., dan PT. Bentoel Internasional Tbk. Muktiadji, Nusa; Kamage, Ronal
Jurnal Ilmiah Ranggagading (JIR) Vol 9, No 1 (2009): Jurnal Ilmiah Ranggagading
Publisher : Sekolah Tinggi Ilmu Ekonomi Kesatuan

Show Abstract | Download Original | Original Source | Check in Google Scholar

Abstract

The Objective of this research is to find out the influence of selling and profitability toward growth. It appears that the influence of selling to growth raising is relatively lower than the influence of profitability to growth raising. The result of this research shows that the optimum performance of PT. Bentoel Tbk. in increasing selling to growth in three years is in 2007. Profitabiity is higher than the year before. NPM of this year is 0,21 and ROA is 0,07 with the result that it influences growth level as high as 0,67. Whereas, at PT. Gudang Garam Tbk., the optimum is in 2006 where profitabiity level decreases 0.17 to NPM and 0,06 to ROA. It influences growth lowering as high as 0,46. Keywords : Selling, Profitability, Growth.
Kajian Peningkatan Kualitas Kerja Melalui Pelatihan Kerja (Training) Muktiadji, Nusa; Triandi, Triandi
Jurnal Ilmiah Ranggagading (JIR) Vol 8, No 2 (2008): Jurnal Ilmiah Ranggagading
Publisher : Sekolah Tinggi Ilmu Ekonomi Kesatuan

Show Abstract | Download Original | Original Source | Check in Google Scholar

Abstract

Tujuan penelitian ini untuk mengetahui program pelatihan tenaga kerja yang telah dilaksanakan oleh PT. FIF Cabang Bogor, dan untuk mengetahui sampai sejauh mana pengaruh pelatihan tenaga kerja terhadap kualitas kerja karyawan khususnya bagian pemasaran. Dari hasi penelitian yang menggunakan insrumen angket dengan rumus koefisien korelasi Rank Spearman maka dapat diketahui bahwa pelatihan tenaga kerja mempunyai hubungan yang tinggi dengan tingkat kualitas kerja karyawan, hal ini ditunjukan dengan besarnya r rank = 0,611 dan diketahui koefisien determinasi sebesar = 37,33 % hal ini berarti derajat hubungan kedua variabel tersebut adalah sebesar 37,32 % dan sisanya yang sebesar 62,67 % dipengaruhi oleh faktor–faktor lain. Dari penelitian juga dapat diambil kesimpulan bahwa pelatihan tenaga kerja mempunyai pengaruh positif terhadap tingkat kualitas kerja karyawan khususnya bagian pemasaran. Keywords: Pelatihan Tenaga Kerja; Kualitas Kerja.
Analisis Rasio Likuiditas Untuk Mengukur Kemampuan Perusahaan Dalam Membiayai Aktivitas Perusahaan : Studi Kasus Pada PDAM Tirta Pakuan, Bogor. Muktiadji, Nusa; Trisnawati, Dini
Jurnal Ilmiah Ranggagading (JIR) Vol 8, No 1 (2008): Jurnal Ilmiah Ranggagading
Publisher : Sekolah Tinggi Ilmu Ekonomi Kesatuan

Show Abstract | Download Original | Original Source | Check in Google Scholar

Abstract

The goal of this research is to find out liquidity ratio analysis of a company, its activities, and how to finance its activities. The researchers utilize descriptive analysis method, that is research of of matters in the form of facts of a population. Data analysis technique used here is ratio analysis, and liquidity ratio is smooth ratio, fast ratio, and cash ratio on smooth ratio. Activity ratio used here is rotation ratio of commerce debt, rotation ratio of total assets, and rotation of work capital. The outcome of this research shows that the company, in carrying out its activities during 2002 – 2005, got increase on commerce debt rotation, but smooth debt increased as well caused by interest of long term debt which had been overdue. And overall, during 2002 – 2005 its performance was good, except its stock rotation got decrease. The analysis result shows that the company in carrying out its activities must be accelerated to compensate for long term debt that had been overdue and the company has to increase its selling by looking for new customers and new spring source. Keywords: Liquidity ratio; Financing activities
Analisis Modal Kerja terhadap Siklus Operasional Perusahaan Studi Kasus Pada PDAM Tirta Pakuan Kota Bogor Muktiadji, Nusa; Halida, Halida
Jurnal Ilmiah Ranggagading (JIR) Vol 7, No 2 (2007): Jurnal Ilmiah Ranggagading
Publisher : Sekolah Tinggi Ilmu Ekonomi Kesatuan

Show Abstract | Download Original | Original Source | Check in Google Scholar

Abstract

The purpose of this research is to find out gross working capital and net working capital, and how fast operational cycle of a firm. After to be analyzed, it can be established a policy to meet working capital need. The result of this research shows that PDAM Tirta Pakuan Kota Bogor has negative net working capital and has good enough gross working capital (there is an increase every year). The best gross working capital is in 2005. The firm operational cycle has an increase every year, and more and more faster every year. Evaluation result of this research shows that net working capital and speeding up of operational cycle is not able to compensate for overdue long-run debt. Keywords: Working capital analysis; Finance management.
Analisis Modal Kerja dalam Pengendalian Likuiditas dan Profitabilitas Studi Kasus pada PT. Indocement Tunggal Prakarsa, Tbk. Muktiadji, Nusa; Hidayat, Lukman; Melinda, Melinda
Jurnal Ilmiah Ranggagading (JIR) Vol 7, No 1 (2007): Jurnal Ilmiah Ranggagading
Publisher : Sekolah Tinggi Ilmu Ekonomi Kesatuan

Show Abstract | Download Original | Original Source | Check in Google Scholar

Abstract

Target of research is to know relation analysis and influence of working capital to likuiditas also company profitability, analysis done to know do amount of working capital have relation which are positive and influence which is signifikan to profitability and likuiditas. Result of research with method of SPSS indicate that a] 5 period that is year 2000 up to 2004, PT. Indocement Tunggal Prakarsa, Tbk have been able to manage working capital good enoughly. This matter is proved with working capital have relation which are positive to profitability is 0.6644 for gross proit margin and 0.927 for operation profit margin,and likuiditas is 0.9888 for current ratio and 0.9449 for quick ratio. Also working capital have influence which is signifikan to profitability is 0.4414 for gross profit margin and 0.86 for operation profit margin, and likuiditas is 0.9777 for current ratio and 0.8929 for quick ratio. Relation and influence relative always signifikan in per annum this, indicating that to go down to go up him mount company net working capital will influence indicator ratio of profitability and likuiditas. If working capital go up hence indicator ratio of likuiditas profitability and will experience of improvement, so also on the contrary. Therefore working capital better had by PT. Indocement Tunggal Prakarsa, Tbk have to fixed in number matching with requirement many company, so that storey level of likuiditas profitability storey level and can awake goodness. Keywords : Working Capital, Likuiditas, and Profitability.