Profitability Ratio Analysis at PT. Medikaloka Hermina, TBK.

Authors

  • Giri Gintang Miransyah Bina Bangsa University, Indonesia
  • Sri Rahayu Sangra Dempo Bina Bangsa University, Indonesia
  • Sutisna Bina Bangsa University, Indonesia

DOI:

https://doi.org/10.46306/bbijbm.v1i1.7

Keywords:

Company Profitability, Initial Public Offering

Abstract

This study aims to determine the company's financial performance by using profitability ratio analysis, where the profitability ratio is a ratio that aims to determine the company's ability in generating profit over a certain period and also provides an overview of the level of management effectiveness in carrying out its operations. Profitability ratio consists of three ratios, among others Return On Assets, Return On Equity and Net Profit Margin. The research object is PT Medikaloka Hermina Tbk, where the health services company has done IPO (Initial Public Offering) or initial public offering so that economic growth of company very rapidly. The purpose of this study is to test and analyze the financial performance of the company at PT. Medikaloka Hermina Tbk. year 2018 - 2020 if reviewed from the profitability ratio. The sample of this research is financial reports from PT Medikaloka Hermina Tbk for 2018 – 2020 published on the Indonesia Stock Exchange website

Downloads

Download data is not yet available.

References

Ameli, N., Drummond, P., Bisaro, A., Grubb, M., & Chenet, H. (2020). Climate finance and disclosure for institutional investors: why transparency is not enough. Climatic Change, 160(4). https://doi.org/10.1007/s10584-019-02542-2

Andersen, T. M., & Maibom, J. (2020). The big trade-off between efficiency and equity-is it there? Oxford Economic Papers, 72(2). https://doi.org/10.1093/oep/gpz040

Cartier, R., Rytz, A., Lecomte, A., Poblete, F., Krystlik, J., Belin, E., & Martin, N. (2006). Sorting procedure as an alternative to quantitative descriptive analysis to obtain a product sensory map. Food Quality and Preference, 17(7–8). https://doi.org/10.1016/j.foodqual.2006.03.020

Derouiche, I., Manita, R., & Muessig, A. (2021). Risk disclosure and firm operational efficiency. Annals of Operations Research, 297(1–2). https://doi.org/10.1007/s10479-020-03520-z

Farago, A., & Tédongap, R. (2018). Downside risks and the cross-section of asset returns. Journal of Financial Economics, 129(1). https://doi.org/10.1016/j.jfineco.2018.03.010

Gallo, A. (2016). A Refresher on Return on Assets and Return on Equity. Harvard Business Review.

Hargrave, M. (2019). Return on Equity – ROE Definition. In Investopedia.

Honjo, Y. (2020). Public or perish? From founding to initial public offering. Review of Managerial Science. https://doi.org/10.1007/s11846-020-00390-4

Huang, S., Sun, H., Zhao, H., & Zhang, Y. (2020). Influence of leverage on the return on equity. Xitong Gongcheng Lilun Yu Shijian/System Engineering Theory and Practice, 40(2). https://doi.org/10.12011/1000-6788-2019-1820-11

Husain, T., Sarwani, Sunardi, N., & Lisdawati. (2020). Firm’s Value Prediction Based on Profitability Ratios and Dividend Policy. Finance & Economics Review, 2(2). https://doi.org/10.38157/finance-economics-review.v2i2.102

Investopedia. (2016). Return On Assets (ROA) Definition |. Investopedia.

Johnston, M. P. (2014). Secondary Data Analysis : A Method of which the Time Has Come. Qualitatve and Quantative Methods in Libraryes (QQML), 3.

Joye, D. (2005). Qualitative or quantitative? Data archiving in documentation, research and teaching. Forum Qualitative Sozialforschung, 6(2). https://doi.org/10.17169/fqs-6.2.462

Morgan, N. A., Vorhies, D. W., & Mason, C. H. (2009). Research notes and commentaries market orientation: Marketing capabilities, and firm performance. In Strategic Management Journal (Vol. 30, Issue 8). https://doi.org/10.1002/smj.764

Murphy, Chris B. (2020). Net Profit Margin. Investopedia, 1(3).

Murphy, CHRIS B. (2019). Net Profit Margin Definition. Investopedia.

Pointer, L. V., & Khoi, P. D. (2019). Predictors of return on assets and return on equity for banking and insurance companies on Vietnam stock exchange. Entrepreneurial Business and Economics Review, 7(4). https://doi.org/10.15678/EBER.2019.070411

Shim, J. K., & Lansner, J. (2020). PROFITABILITY RATIOS. In 101 Investment Tools for Buying Low & Selling High. https://doi.org/10.1201/9781420033106-14

Stavropoulou, F., Repoussis, P. P., & Tarantilis, C. D. (2019). The Vehicle Routing Problem with Profits and consistency constraints. European Journal of Operational Research, 274(1). https://doi.org/10.1016/j.ejor.2018.09.046

Tan, H., & Juan, L. Y. (2019). Finance transformation for healthcare: A structured model for planning and action. International Journal of Healthcare, 5(1). https://doi.org/10.5430/ijh.v5n1p42

Zhou, L., & Yang, C. (2020). Investor sentiment, investor crowded-trade behavior, and limited arbitrage in the cross section of stock returns. Empirical Economics, 59(1). https://doi.org/10.1007/s00181-019-01630-7

Downloads

Published

2021-04-30

How to Cite

Miransyah, G. G., Dempo, S. R. S. ., & Sutisna. (2021). Profitability Ratio Analysis at PT. Medikaloka Hermina, TBK. BINA BANGSA INTERNATIONAL JOURNAL OF BUSINESS AND MANAGEMENT, 1(1), 60–67. https://doi.org/10.46306/bbijbm.v1i1.7