Jurnal Akuntansi AKTIVA

PENGARUH TINGKAT EFISIENSI DAN LEVERAGE TERHADAP KINERJA KEUANGAN PADA PERUSAHAAN SEKTOR MAKANAN DAN MINUMAN YANG TERDAFTAR DI BURSA EFEK INDONESIA TAHUN 2019-2023

Maftuhin Agung Prasetia — 2026-04-30

This study aims to understand the extent to which operational efficiency and debt-based funding structures shape the financial performance of companies in the food and beverage subsector listed on the Indonesia Stock Exchange during 2019–2023. Efficiency is measured using OER, COGS, and TATO indicators, while DAR and DER are used to describe leverage. Financial performance is estimated through return on assets (ROA) and return on equity (ROE). The analysis was conducted using a quantitative approach based on secondary data from the financial statements of 17 companies selected through purposive sampling, resulting in a total of 85 observation units. Model testing utilized Structural Equation Modeling—Partial Least Squares (SEM-PLS) supported by SmartPLS 4 software. The model evaluation results indicate that efficiency is significantly negatively correlated with financial performance; surges in cost burdens and weakening asset productivity directly depress profitability. Conversely, leverage does not show a statistically significant relationship with profitability, suggesting that fluctuations in debt levels have not been strong enough to change financial performance throughout the study period. Overall, cost efficiency emerged as the most dominant determinant in shaping financial results in the food and beverage subsector in the context of this study.

PENGARUH LIKUIDITAS, LEVERAGE, DAN PERTUMBUHAN PENJUALAN TERHADAP NILAI PERUSAHAAN PADA PERUSAHAAN MANUFAKTUR YANG TERDAFTAR DI BEI PERIODE 2022-2024

Widya Ayu Utami — 2026-04-30

A higher level of trust and capital market competitiveness is often associated with highly valued companies. An important indicator that reflects how investors feel about a business's current and future prospects is its company value. This study aims to analyze manufacturing companies listed on the Indonesia Stock Exchange from 2022 to 2024 with a focus on their sales growth, leverage, and liquidity to evaluate their firm worth. Based on secondary data culled from financial records, the study employs a quantitative technique and employs purposive sampling to choose its sample. Several methods for analyzing the data were used, including descriptive statistics, conventional assumption tests, and SPSS version 26 multiple linear regression analysis. The results demonstrate that the value of a company is greatly affected simultaneously by sales growth, leverage, and liquidity. Firm value is positively and significantly affected by liquidity and leverage, but not by sales growth. Accordingly, investors consider a company's financial health with sales growth as a measure of its business value.

VERIFIKASI BERKAS DALAM PENCAIRAN DANA SANTUNAN KORBAN MENINGGAL DUNIA PADA PT JASA RAHARJA (PERSERO) KANTOR CABANG SUKABUMI

Seli Liansah — 2026-04-30

This study aims to analyze the process of verifying documents in the disbursement of compensation funds for victims of global traffic accidents resulting in fatalities at PT Jasa Raharja (Persero) Sukabumi Branch Office. The study uses a narrative method with a qualitative approach. Data collection was conducted through observations during practical work activities, interviews with relevant officers, and documentation studies of compensation claim files. The results of the study indicate that the completeness and validity of claim files are primary factors determining the smooth disbursement of compensation funds. The process of verifying documents is carried out to ensure the truth of the accident incident, the validity of the victim's characteristics, and the legitimacy of the heirs entitled to receive compensation. All claim documents must be declared complete and in line with applicable provisions before the disbursement of funds is carried out. However, in its implementation, obstacles are still found in the form of incomplete files and limited access to the victim's location, which have the potential to disrupt the compensation fund disbursement process.

PENGARUH UKURAN PERUSAHAAN DAN LEVERAGE TERHADAP PROFITABILITAS PADA PT BUKIT ASAM TBK TAHUN 2014-2024

Harold Nathanael Hotasi Pasaribu — 2026-04-30

This research seeks to investigate the impact of Company Size and Leverage on Profitability at PT Bukit Asam Tbk during the period of 2014-2024. The data were analyzed through various stages utilizing descriptive statistical anal-ysis methods, multiple linear regression analysis tests, determination coefficient tests (R2), and hypothesis tests (t-tests), all processed with SPSS version 27. The findings of this research reveal that the Company Size variable does not have a significant effect on Profitability, and similarly, the Leverage variable also does not significantly affect Profitability.

ANALISIS KINERJA KEUANGAN MENGGUNAKAN RASIO KEUANGAN PADA PT CAMPINA ICE CREAM INDUSTRY TBK PERIODE 2022-2023

Rangga Ramadhani Irmansyah — 2026-04-30

This study aims to evaluate the financial performance of PT Campina Ice Cream Industry Tbk using ratios, namely liquidity ratio (CR), profitability (ROA & ROE), and solvency (DAR), during the 2022-2023 period. The research method applied is a quantitative descriptive approach with secondary data from the company's financial reports obtained through the Indonesia Stock Exchange. Based on the research results, the company's financial report conditions are in a very stable and healthy state. The company achieved an increase in net profit, which was recorded at IDR 121.2 billion in 2022 and rose to IDR 127.4 billion in 2023. Additionally, the company's liquidity level is at a very safe level, making it fully capable of ensuring the payment of short-term obligations on time. Management's effectiveness in managing debt is also reflected in the well-maintained solvency ratio. In conclusion, the company's financial performance, characterized by strong stability and operational efficiency, shows an improvement throughout the observation period.