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Azis Fathoni - One of the best experts on this subject based on the ideXlab platform.
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analysis of the effect of gross Profit Margin gpm earning per share eps debt to equity ratio der net Profit Margin npm on return on assets roa study on property and real estate companies listed on the indonesia stock exchange year 2012 2016
Journal of Management, 2018Co-Authors: Ainul Khamidah, Edward Gagah, Azis FathoniAbstract:Penelitian ini bertujuan untuk menganalisis faktor-faktor yang mempengaruhi Return On Asset (ROA) yaitu: Gross Profit Margin (GPM), Earning Per Share (EPS), Debt to Equity Ratio (DER), Net Profit Margin (NPM), Return On Assets (ROA). Sampel yang digunakan adalah data sekunder dari Bursa Efek Indonesia (BEI) yaitu laporan keuangan perusahaan real estate dan properti yang terdaftar di Bursa Efek Indonesia pada tahun 2012-2016.Sampel yang dipilih menggunakan metode Purposive Sampling yang memenuhi kriteria sampel.Penelitian ini menggunakan metode uji asumsi klasik, analisis regresi berganda dan uji statistik t. Hasil penelitian adalah sebagai berikut. NPM memiliki pengaruh positif yang signifikan terhadap ROA. GPM tidak berpengaruh dan negatif terhadap ROA. EPS tidak berpengaruh dan positif terhadap ROA. DER tidak berpengaruh dan negatifterhadap ROA. Secara bersama-sama variabel GPM, EPS, NPM, dan DER berpengaruh terhadap ROA.Koefisien determinasi ditunjukkan dari nilai R-square yang disesuaikan sebesar 0,724. Ini berarti bahwa variabel dependen adalah 72,4% yang berarti bahwa ROA dapat dijelaskan oleh empat variabel independen yaitu GPM, EPS, DER dan NPM, sedangkan sisanya 27,6% dijelaskan oleh variabel atau sebab lain di luar model. NPM dominan mempengaruhi ROA pada perusahaan properti dan real estate yang terdaftar di Bursa Efek Indonesia pada periode 2012-2016. Kata Kunci: Gross Profit Margin (GPM), Earning Per Share (EPS), Debt to Equity Ratio (DER), Net Profit Margin (NPM), Return On Assets (ROA)
Daphne Wang - One of the best experts on this subject based on the ideXlab platform.
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Evaluating the long-term valuation effect of efficient asset utilization and Profit Margin on stock returns: Additional evidence from the DuPont identity
Meditari Accountancy Research, 2018Co-Authors: Robert Houmes, Charlie Chulee Jun, Kimberly Capriotti, Daphne WangAbstract:This study aims to investigate the relations between long-window stock returns and prior years’ increases in DuPont identity components: Profit Margin and asset turnover. In particular, the authors examine the relative effectiveness of Profit Margin and asset turnover to predict years ahead stock returns.,To test the assertions, the authors regress raw, Capital Asset Pricing Model and Fama-French returns on controls and variables of interest, Profit Margin and asset turnover, lagged years t − 1, t − 2 and t − 3. To control for factors that could affect returns over the long windows, they also include returns lagged over years t − 1, t − 2 and t − 3 to coincide with the lagged Profit Margin and asset turnover variables of interest.,Results show a negative (positive) relation between returns and increases in lagged Profit Margin (asset turnover). However, the negative returns-Profit Margin relation is mitigated when increases in Profit Margin and asset turnover occur in the same lagged year.,This study adds to the existing body of research on the DuPont identity by temporally evaluating the relative long-run contributions of Profit Margin and asset turnover to firm value.
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Evaluating the Long-Term Valuation Effect of Efficient Asset Utilization and Profit Margin on Stock Returns: Additional Evidence from the DuPont Identity
SSRN Electronic Journal, 2017Co-Authors: Robert Houmes, Charlie Chulee Jun, Kimberly Capriotti, Daphne WangAbstract:Purpose – This study investigates the relations between long-window stock returns and prior years’ increases in DuPont identity components: Profit Margin and asset turnover. In particular, we examine the relative effectiveness of Profit Margin and asset turnover to predict years ahead stock returns. Design/methodology/approach – To test our assertions, we regress raw, Capital Asset Pricing Model, and Fama-French returns on controls and variables of interest, Profit Margin, and asset turnover, lagged years t-1, t-2, and t-3. To control for factors that could affect returns over our long windows, we also include returns lagged over years t-1, t-2, and t-3 to coincide with the lagged Profit Margin and asset turnover variables of interest. Findings – Results show a negative (positive) relation between returns and increases in lagged Profit Margin (asset turnover). However, the negative returns-Profit Margin relation is mitigated when increases in Profit Margin and increases in asset turnover occur in the same lagged year. Originality/value – This study adds to the existing body of research on the DuPont identity by temporally evaluating the relative long run contributions of Profit Margin and asset turnover to firm value.
Ainul Khamidah - One of the best experts on this subject based on the ideXlab platform.
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analysis of the effect of gross Profit Margin gpm earning per share eps debt to equity ratio der net Profit Margin npm on return on assets roa study on property and real estate companies listed on the indonesia stock exchange year 2012 2016
Journal of Management, 2018Co-Authors: Ainul Khamidah, Edward Gagah, Azis FathoniAbstract:Penelitian ini bertujuan untuk menganalisis faktor-faktor yang mempengaruhi Return On Asset (ROA) yaitu: Gross Profit Margin (GPM), Earning Per Share (EPS), Debt to Equity Ratio (DER), Net Profit Margin (NPM), Return On Assets (ROA). Sampel yang digunakan adalah data sekunder dari Bursa Efek Indonesia (BEI) yaitu laporan keuangan perusahaan real estate dan properti yang terdaftar di Bursa Efek Indonesia pada tahun 2012-2016.Sampel yang dipilih menggunakan metode Purposive Sampling yang memenuhi kriteria sampel.Penelitian ini menggunakan metode uji asumsi klasik, analisis regresi berganda dan uji statistik t. Hasil penelitian adalah sebagai berikut. NPM memiliki pengaruh positif yang signifikan terhadap ROA. GPM tidak berpengaruh dan negatif terhadap ROA. EPS tidak berpengaruh dan positif terhadap ROA. DER tidak berpengaruh dan negatifterhadap ROA. Secara bersama-sama variabel GPM, EPS, NPM, dan DER berpengaruh terhadap ROA.Koefisien determinasi ditunjukkan dari nilai R-square yang disesuaikan sebesar 0,724. Ini berarti bahwa variabel dependen adalah 72,4% yang berarti bahwa ROA dapat dijelaskan oleh empat variabel independen yaitu GPM, EPS, DER dan NPM, sedangkan sisanya 27,6% dijelaskan oleh variabel atau sebab lain di luar model. NPM dominan mempengaruhi ROA pada perusahaan properti dan real estate yang terdaftar di Bursa Efek Indonesia pada periode 2012-2016. Kata Kunci: Gross Profit Margin (GPM), Earning Per Share (EPS), Debt to Equity Ratio (DER), Net Profit Margin (NPM), Return On Assets (ROA)
Robert Houmes - One of the best experts on this subject based on the ideXlab platform.
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Evaluating the long-term valuation effect of efficient asset utilization and Profit Margin on stock returns: Additional evidence from the DuPont identity
Meditari Accountancy Research, 2018Co-Authors: Robert Houmes, Charlie Chulee Jun, Kimberly Capriotti, Daphne WangAbstract:This study aims to investigate the relations between long-window stock returns and prior years’ increases in DuPont identity components: Profit Margin and asset turnover. In particular, the authors examine the relative effectiveness of Profit Margin and asset turnover to predict years ahead stock returns.,To test the assertions, the authors regress raw, Capital Asset Pricing Model and Fama-French returns on controls and variables of interest, Profit Margin and asset turnover, lagged years t − 1, t − 2 and t − 3. To control for factors that could affect returns over the long windows, they also include returns lagged over years t − 1, t − 2 and t − 3 to coincide with the lagged Profit Margin and asset turnover variables of interest.,Results show a negative (positive) relation between returns and increases in lagged Profit Margin (asset turnover). However, the negative returns-Profit Margin relation is mitigated when increases in Profit Margin and asset turnover occur in the same lagged year.,This study adds to the existing body of research on the DuPont identity by temporally evaluating the relative long-run contributions of Profit Margin and asset turnover to firm value.
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Evaluating the Long-Term Valuation Effect of Efficient Asset Utilization and Profit Margin on Stock Returns: Additional Evidence from the DuPont Identity
SSRN Electronic Journal, 2017Co-Authors: Robert Houmes, Charlie Chulee Jun, Kimberly Capriotti, Daphne WangAbstract:Purpose – This study investigates the relations between long-window stock returns and prior years’ increases in DuPont identity components: Profit Margin and asset turnover. In particular, we examine the relative effectiveness of Profit Margin and asset turnover to predict years ahead stock returns. Design/methodology/approach – To test our assertions, we regress raw, Capital Asset Pricing Model, and Fama-French returns on controls and variables of interest, Profit Margin, and asset turnover, lagged years t-1, t-2, and t-3. To control for factors that could affect returns over our long windows, we also include returns lagged over years t-1, t-2, and t-3 to coincide with the lagged Profit Margin and asset turnover variables of interest. Findings – Results show a negative (positive) relation between returns and increases in lagged Profit Margin (asset turnover). However, the negative returns-Profit Margin relation is mitigated when increases in Profit Margin and increases in asset turnover occur in the same lagged year. Originality/value – This study adds to the existing body of research on the DuPont identity by temporally evaluating the relative long run contributions of Profit Margin and asset turnover to firm value.
Li-hua Lai - One of the best experts on this subject based on the ideXlab platform.
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Underwriting Systematic Risk and Profit Margin in Fuzzy CAPM and ICAPM Models: The Case of Aviation Coverage
Contemporary Management Research, 2009Co-Authors: Li-hua LaiAbstract:ABSTRACT Airlines are the business of transporting passengers in which the safety and risk have always been important. We use the fuzzy CAPM and fuzzy ICAPM models to investigate the underwriting systematic risk and Profit Margin of aviation transportation, in which the parameters of membership function are the asymmetric triangular fuzzy number. We calculate the underwriting systematic risk and Profit Margin of aviation and show that the value of underwriting systematic risk in both of CAPM and in ICAPM are positive and, while the underwriting Profit Margin of aviation is positive in CAPM it is negative in ICAPM. The results mean that there is a positive relationship between the return rate of underwriting and rate of market, and the return of P/L insurer is made on investments, not on the underwriting in the aviation insurance, which could be used to perform the forecasting of the underwriting Profit Margin and underwriting systematic risk. Our results show that the prediction model of underwriting risk and insurance price in the fuzzy environment with skew factor becomes more rational and elastic than that in the crisp environment. Keywords: CAPM, ICAPM, Underwriting Systematic Risk, Underwriting Profit Margin
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Underwriting Profit Margin of P/L insurance in the fuzzy-ICAPM ∗
The Geneva Risk and Insurance Review, 2006Co-Authors: Li-hua LaiAbstract:The ICAPM is used to study the underwriting Profit Margin of the P/L insurance company, including the insurances of automobile damage, automobile liability and fire, in which the parameters are the symmetric or non-symmetric triangular fuzzy numbers. From the ten-year data of a company in Taiwan we determine the lower and upper limits associated with the various α-level of the fuzzy numbers. Our results show that the best-fitting parameters of the model from our data are the asymmetric triangular fuzzy numbers. The skew factors in each insurance are determined, which could be used to perform the forecasting of the underwriting Profit Margin. Our results show that the systematic risk in the fuzzy environment (with best-fitting value of skew factor) becomes larger than that in the crisp environment. However, the insurance underwriting leverage and insurance financial leverage in the fuzzy environment are smaller than those in the crisp environment.
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underwriting Profit Margin of p l insurance in the fuzzy icapm
Geneva Risk and Insurance Review, 2006Co-Authors: Li-hua LaiAbstract:The ICAPM is used to study the underwriting Profit Margin of the P/L insurance company, including the insurances of automobile damage, automobile liability and fire, in which the parameters are the symmetric or non-symmetric triangular fuzzy numbers. From the ten-year data of a company in Taiwan we determine the lower and upper limits associated with the various α-level of the fuzzy numbers. Our results show that the best-fitting parameters of the model from our data are the asymmetric triangular fuzzy numbers. The skew factors in each insurance are determined, which could be used to perform the forecasting of the underwriting Profit Margin. Our results show that the systematic risk in the fuzzy environment (with best-fitting value of skew factor) becomes larger than that in the crisp environment. However, the insurance underwriting leverage and insurance financial leverage in the fuzzy environment are smaller than those in the crisp environment.
