Brittney’s Boutique: Tailoring financial statements for function as well as fashion

Stuebs, Martin; Bryant, Scott M.; Edison, Cari; Stanley, Charles W.

doi:10.1016/j.jaccedu.2022.100768

Cited by 8 publications

(6 citation statements)

References 14 publications

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“…This certainly makes investors more confident that the company is really good to choose and buy shares (Stuebs et al, 2022).…”

Section: Net Profit Marginmentioning

confidence: 99%

Du Pont Analysis on the Financial Performance of PT Garuda Indonesia (Persero) Tbk

Latif

2023

J. E. strategy

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Investors, companies, and the public assessing the performance of the company certainly look at the information instruments provided by the company in the financial statements in assessing the company's financial performance. PT Garuda Indonesia (Persero) Tbk is one of the State-Owned Enterprises (BUMN) engaged in aviation services in Indonesia; the condition and performance of the company have certainly been highly monitored by the government and other stakeholders, especially since this company in recent years has always experienced losses in its business operations so that it often injects funds from the government. This study aims to analyze the company's financial performance with Du Pont analysis techniques such as total assets turnover, net profit margin, equity multiplier, and return on equity for the 2020-2022 period. The analysis method used in this research is a descriptive quantitative analysis of the company's financial ratios with Du Pont analysis. The results showed that the Total Assets Turnover ratio in 2020, 2021, and 2022 was still below the industry average and was in poor condition. The Net Profit Margin ratio in 2020 and 2021 is below the industry average, negative with poor conditions, and 2022 above the industry average with good conditions. The Return On Investment ratio in 2020 and 2021 experienced a negative ratio with a conclusion of poor condition; in 2022, it improved with a positive ratio in good condition. The Equity Multiplier ratio in 2020, 2021, and 2022 needs to be in better condition, below standard, and hostile. The Return On Equity ratio in 2020, 2021, and 2022 needs to be in better condition. Keywords: Financial Performance, Financial Statements, Financial Ratios

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“…This certainly makes investors more confident that the company is really good to choose and buy shares (Stuebs et al, 2022).…”

Section: Net Profit Marginmentioning

confidence: 99%

Du Pont Analysis on the Financial Performance of PT Garuda Indonesia (Persero) Tbk

Latif

2023

J. E. strategy

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“…Kemampuan pengukuran perusahaan pada saat mengelola kewajiban jangka pendek dengan perbandingan kemampuan atas atas aset lancar perusahaan pada hutang lancar merupakan dari rasio likuiditas (Prasetyowati & Prihastiwi, 2022). Kewajiban jangka pendek yang sudah jatuh tempo, seperti (likuiditas perusahaan) kewajiban yang ada di dalam perusahaan, ataupun (likuiditas badan usaha) kewajiban pada pihak luar merupakan fungsi dari rasio likuiditas itu sendiri, (Stuebs et al, 2022).…”

Section: Rasio Likuiditasunclassified

Kinerja Keuangan PT. Krakatau Steel Tbk Membaik?: Tinjauan Analisis Laporan Keuangan

2023

j.akunt.dan keuang.kontemporer

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“…Financial distress within the publicly listed firms is one of the symptoms of corporate default leading to bankruptcy and subsequent liquidation (Khan & Ullah, 2021). At firms' level, the early identification of financial distress within a firm helps its stakeholders to take preemptive measures for safeguarding their respective stake(s) n the firm (Opp, C. C., 2019). Such pre-emptive measures supplement the efforts to keep the firm as going-concern, keep the firm 2 afloat, and avoids unnecessary reactive efforts and costs (Gutierrez, et.al., 2020).…”

Section: Introductionmentioning

confidence: 99%

Identification of Financial Distressed Firms at Pakistan Stock Exchange Through Infusion of Corporate Social Responsibility Information into Altman Z-Score

Mumtaz¹,

Mujtaba²,

Aman

2023

NIJBM

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Financial distress is one of the leading reasons for corporate default, foreclosure, and subsequent bankruptcy. Traditionally accounting information-based models have been used to identify the financially distressed firms. Inaccurate identification results in type-I and type- II errors. These errors are attributable to the elements of conservatism and prudence within the accounting information. Enclosure of market information into these models may reduce the quantum of errors and improve the existing ability of these models to accurately identify the financially distressed firms. This study has infused the Corporate Social Responsibility information into the Altman Z-Score. The enclosure has been made using additive index methodology, resulting in formation of a Composite Default Index. 161 non- financial firms listed on the Pakistan Stock Exchange have been taken as the sample over the study period of 2010-2016. The accuracy of Composite default Index has been found significantly better as compared to the Z-Score Default Index as the type-I and type-II errors are reduced by 41% and 132% respectively. This study has implication for the corporate regulators, practitioners, stakeholders and researchers in form of providing a better mechanism to identify the financially distressed firms, future studies may consider other forms of market information and the accounting information-based models to improve upon the same, further.

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Brittney’s Boutique: Tailoring financial statements for function as well as fashion

Cited by 8 publications

References 14 publications

Du Pont Analysis on the Financial Performance of PT Garuda Indonesia (Persero) Tbk

Du Pont Analysis on the Financial Performance of PT Garuda Indonesia (Persero) Tbk

Kinerja Keuangan PT. Krakatau Steel Tbk Membaik?: Tinjauan Analisis Laporan Keuangan

Identification of Financial Distressed Firms at Pakistan Stock Exchange Through Infusion of Corporate Social Responsibility Information into Altman Z-Score

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