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Studi Komparasi Analisis Risiko Pada PT Dharmala Intiland Tbk Dan PT Duta Pertiwi Tbk Hidayat, Lukman; Widjojo, Adi S
Jurnal Ilmiah Kesatuan (JIK) Vol 11, No 1 (2009): Jurnal Ilmiah Kesatuan
Publisher : STIE Kesatuan

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Abstract

Laporan keuangan pada dasarnya adalah hasil dari proses akuntansi yang dapat digunakan sebagai alat untuk berkomunikasi antara data keuangan atau aktivitas suatu perusahaan dengan pihak–pihak yang berkepentingan dengan data atau aktivitas perusahaan tersebut. Kemudian laporan keuangan tersebut akan dianalisa dengan menggunakan teknik metode analisis yang umum digunakan oleh para analisa. Dalam rangka memberikan informasi tentang kondisi keuangan perusahaan maka dapat dilihat dari nilai perhitungan berdasarkan analisis rasio untuk lebih mempermudah dalam menilai kondisi keuangan suatu perusahaan. Tujuan penelitian ini adalah untuk mengetahui kondisi keuangan perusahaan yaitu bagaimanakah risiko, arus kas dan IRR perusahaan. Penelitian yang dilakukan penulis tidak langsung dilakukan di perusahaan tetapi untuk mengambil data perusahaan yang diperlukan diambil dari BEJ melalui situs internet.Dalam penelitian ini penulis menggunakan analisis rasio yaitu untuk rasio risiko menggunakan rasio standard deviasi dan koefesiensi variasi untuk rasio arus kas menggunakan rasio arus kas, dan IRR menggunakan rasio lRR, penelitian dilakukan selama lima periode dengan menggunakan data lima periode yaitu periode tahun 2002 sampai dengan tahun 2006. Berdasarkan hasil penelitian dapat disimpulkan bahwa kondisi keuangan PT Dharmala Intiland Tbk dilihat dari risikonya dapat dikatakan cukup rendah karena perusahaan memiliki investasi yang tidak terlalu besar sehingga risikonya juga tidak terlalu tinggi. Dilihat dari arus kas PT Dharmala Intiland Tbk juga dapat dikatakan baik karena di beberapa tahun masih mengalami penurunan tetapi di tahun-tahun berikutnya mengalami kenaikan yang cukup signifikan, begitu juga dengan IRR perusahaan dapat dikatakan bagus karena IRR nya lebih RRR. PT Duta Pertiwi Tbk dilihat dari risikonya dapat pula dikatakan cukup rendah karena investasi perusahaan tidak terlalu besar dan perusahaan mampu mengatur manajemen risiko sehinnga dapat memperkecil risikonya. Dilihat dari arus kas perusahaan cukup baik walaupun ada sedikit penurunan namun ditahun berikutnya ada peningkatan, lalu dilihat dari IRR perusahan sangat baik karena hasil IRR jauh lebih tinggi dibandingkan dengan RRR.
Peranan Modal Kerja Dalam Meningkatkan Kinerja Keuangan Studi Kasus PT Kalbe Farma Tbk. Hidayat, Lukman; Muttaqien, Dira
Jurnal Ilmiah Ranggagading (JIR) Vol 9, No 2 (2009): Jurnal Ilmiah Ranggagading
Publisher : Sekolah Tinggi Ilmu Ekonomi Kesatuan

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Abstract

The research goal is to find out correlation analysis and the influenceof work capital in increasing company’s performance. The analysis was done to find out if work capital sum has correlation and influence to the increase of financial performance viewed from liquidity side and conpany’s profitability. Resaearch was done at PT Kalbe Farma, Tbk. The research yield by work capital ratio, liquidity raton, and profitability ration shows that in five periods, namely 2003-2007, PT Kalbe Farma, Tbk. has not been albe to manage well yet. It can be proved that work capital circulation of the company decreased and thereby its profitability decreased as will. But if viewed from liquidity, the increase at the sum of net work capital affords to increase the company’s liquidility. Correlation and influence in every year are always significant. It show that up and down of work capital and work capital circulation wall have aifluence to liquidity and profitability. If work capital increases, so financial performance of the company will increase, likewise on the contrary if woek capital circilation decreases, then financial performance of the company will decrease as well. That is why work capital sum at PT Kalbe Farma, Tbk. should be managed efficiently and the financial performance of company will increase. Key words: Work capital; Liquidity; profitabiliity
Analisis Risiko Dan Arus Kas Terhadap IRR : Studi kasus pada PT. Dharmala Intiland Tbk, PT. Duta Pertiwi Tbk dan PT. Kawasan Industri Jababeka Tbk Hidayat, Lukman; Mhaydali, Shana
Jurnal Ilmiah Ranggagading (JIR) Vol 8, No 1 (2008): Jurnal Ilmiah Ranggagading
Publisher : Sekolah Tinggi Ilmu Ekonomi Kesatuan

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Abstract

This research is intended to learn of companies finance condition, namely concerning risk, cash flow, and companies IRR. The researchers do this research indirectly outside of the companies to get data of the companies from BEJ in care of internet site. Based on the result of this research, it can be concluded that finance condition of PT Dharmala Intiland Tbk., from risk point of view, is low enough because the company has just little investment so that it has no high risk. From cash flow point of view, PT Dharmala Intiland bk. can be said as good because even though it got decrease in several years, but in several years after that, it got significant increase. The companys IRR can be said good as well because its IRR is more than RRR. From risk point of view, PT Duta Pertiwi Tbk. Can be said low enough because the company has just little investment so that it can manage risk management to minimize its risk. From cash flow point of view, the company is good enough as well even though it got little decrease in several years but years later it got increase. From IRR point of view, the company is very good because its IRR got much higher than its RRR. PT Kawasan Industri Jababeka Tbk. Has high risk enough because the company has high investment. This matter jeapordizes the company condition. From cash flow point of view, PT Kawasan Industri Jababeka Tbk. Is not so good because it fluctuates and decreases year by year, likewise its IRR is lower than RRR. The companys finance condition is influenced by the companys performance. Keywords: Deviation standard; Variation coefficient; Cash flow; IRR
Analisis Investasi Pengembangan dalam Hubungannya dengan Tingkat Pengembalian, Risiko, dan Sumber Pendanaan : Studi Kasus pada RS. Dr. H. Marzoeki Mahdi Bogor Hidayat, Lukman; Widijawati, Eti
Jurnal Ilmiah Ranggagading (JIR) Vol 7, No 2 (2007): Jurnal Ilmiah Ranggagading
Publisher : Sekolah Tinggi Ilmu Ekonomi Kesatuan

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In carrying out of this research, the reasearchers utilized descriptive method based on data collecting result such as finance accounting of a hospital that was studied. This descriptive method was intended to explain facts and population characteristic or certain things systematically, factually and accurately. Cash flow 2002 was Rp1.262.568.737, cash flow 2003 was Rp1.455.748.699, cash flow 2004 was rp1.461.743.838, and cash flow 2005 was Rp1.600.944.262. The increase of cash flow indicates that the hospital grows more and more. From the counting result of payback period, its found out that investment is good and return of investment percenrage is low. NPV gets close to zero, id est + Rp57.010.777 and - Rp5.426.050. It means that discount level of the hospital funding is between 35% - 36%, IRR (126%) > bank rate of interest (12%), so that fund of Rp3.497.085.485 that has been invested in the hospital produces 120%, far higher than bank rate of interst. Keywords: Investment analysis
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

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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.
Sistem Pengendalian Persediaan Bahan Baku dalam Menunjang Efektivitas Proses Produksi : Studi Kasus pada PT X. Muktiadji, Nusa; Hidayat, Lukman
Jurnal Ilmiah Ranggagading (JIR) Vol 6, No 2 (2006): Jurnal Ilmiah Ranggagading
Publisher : Sekolah Tinggi Ilmu Ekonomi Kesatuan

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Raw material inventory control comprises of quality and physical control to keep the raw material saves from any disturbance. Therefore, company is necessary to direct raw material inventory control sufficiently, that start from requisites planning and acquisition stage, unloading, storage, safeguarding, and bringing out for the benefit of producing process up to product manufacturing finished. The finding of study showed that the company has implemented control system of raw material inventory in its producing process. The company has implemented raw material inventory control system by planning and supervising of raw material necessities in accordance with determined necessities by the company. Keywords: Production Management; raw material inventory
Pengendalian Kualitas Produk dengan Metode Control Chart pada PT XYZ Muktiadji, Nusa; Hidayat, Lukman
Jurnal Ilmiah Ranggagading (JIR) Vol 6, No 1 (2006): Jurnal Ilmiah Ranggagading
Publisher : Sekolah Tinggi Ilmu Ekonomi Kesatuan

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This research was conducted to find out quality control process that’s carried out by production unit and control chart method implementation by firm to increase product quality. The main variables were product as independent variable and quality as dependent variable. Data processing analysis was done by SQC technique with control chart method for attribute based on reject full percentage. Keywords: Control Chart; Product Quality Control.
Analisis Perputaran Piutang Vs Perputaran Hutang Lancar Dalam Rangka Meningkatkan Tingkat Likuiditas PT Unilever Indonesia Dan PT Mayora Indah Hidayat, Lukman; Susanto, David
Jurnal Ilmiah Ranggagading (JIR) Vol 11, No 1 (2011): Jurnal Ilmiah Ranggagading
Publisher : Sekolah Tinggi Ilmu Ekonomi Kesatuan

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Payable account analysis is short term liabilities to be paid in a period of a year including loans, short term loans and short term obligations such as taxes in progress and interest. Liquidity ratio describes company in complying with itsshort term obligations when they are mature. Its linkage with current debt ratio is the sooner the current debts are paid the more exact the impact of liquidity ratio level of the company to pay its payable debts. The purpose of this study is to look for information and to find out the truth of how far payable account turnover is influenced by the liquidity ratio. The evaluation result of this study is that a good working capital turnover will result in profitability, so the company has power to run its business properly.
Analisis Sensitivitas Sebagai Faktor Penting Dalam Suatu Pengambilan Keputusan Investasi Hidayat, Lukman; Puspitasari, Ratih; Tantina, Tantina
Jurnal Ilmiah Ranggagading (JIR) Vol 11, No 2 (2011): Jurnal Ilmiah Ranggagading
Publisher : Sekolah Tinggi Ilmu Ekonomi Kesatuan

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The objective of this research is to find out the feasibility of electric capacity changes expansion project from 400 MW to 520 MW at PT. Krakatau Daya Listrik, at the same time to bring about sensitiveness on four main elements at this project, that is selling, producing cost, variable cost, and investment. It’s expected from the sensitiveness analysis, the Management can revaluate cash flow estimation of the project arranged to find out how far the sensitiveness degree of cash flow to various changes of independent variable respectively will be. If a certain variable mentioned above? The research’s result shows that expansion project at PT. Krakatau Daya Listrik can be said feasible to be carried out. The consideration to decision of project feasibility can be looked at the feasibility criterion yielded, that is Net Present Value yields US$.41.397.551,- Internal Rate of Return is 6,82%, higher than PT. KDL’s rate as high as 3,05%. Payback period is 7,8 years, shorter than credit term plan of the company, that is 10 years. The evaluation’s result shows that the most sensitive in expansion project is selling element. It has been proven by the author by performing sensitiveness analysis graph of changes on four elements above. The steepest element change is the most sensitive element. Because of selling is the most sensitive element, it’s the duty of PT. KDL Management to supervise either the realization of the project or its selling price if CCPP 120 MW project will be put in operation. This one must be taken notice because just by selling decreas of 5% the project won’t have feasibility to be carried out.
Pengaruh Manajemen Aset terhdap Kinerja Keuangan Perusahaan Noorachmad, Daniel; Hidayat, Lukman
Jurnal Ilmiah Manajemen Kesatuan Vol 1, No 1 (2013): April 2013
Publisher : STIE Kesatuan

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Assets management is an ability of a company in managing all of its assets that take a leading role in a company’s operation and it can be expected to create benefit. The assets management will be able to show that the company is capable to control its performance efficiently and effectively. The objective of this study is to find out the influence of assets management (X) –  utilizing indicators: TATO, FATO, and WCTO – to the company’s financial performance (Y) by indicator-OPM. This study was done at two manufacturing companies, PT Holcim Indonesia Tbk. and Astra International Tbk., in the period 2005 – 2010. To test the significance of the influence of assets management to the financial performance of the two companies, the author analyzes and measures the correlation and influence between the variables in this study, using correlation coefficient (r) and determination coefficient (r square) and regression coefficient (β). Based on the result of this study it can be found out that the assets management of PT Holcim Indonesia Tbk. and PT Astra International Tbk. by indicator-TATO has significant influence to OPM. By indicator-FATO, the assets management does not have significant influence to OPM. Assets management by indicator-WCTO does not have significant influence to OPM. The significant level is set at 0,10 or 10%. This insignificance of FATO and WCTO to OPM is due to the financial performance is financed by its total assets. Keywords: assets management; financial performance