financeФинансы: теория и практика/Finance: Theory and PracticeFinance: Theory and Practice2587-56712587-7089Financial University under The Government of Russian Federation10.26794/2587-5671-2023-27-5-76-89finance-2397Research ArticleФИНАНСОВЫЙ МЕНЕДЖМЕНТFINANCIAL MANAGEMENTТоварно-материальные запасы и финансовые показатели промышленных индонезийских и немецких компаний, зарегистрированных на биржеInventory and Financial Performance selected Publicly listed Manufacturing Indonesian and German Companieshttps://orcid.org/0000-0002-9256-9186АнантаджаяС. П.Д.AnantadjayaS. P.D.

Самуэль П. Д. Анантаджая —  PhD, преподаватель

Джакарта

Samuel P. D. Anantadjaya —  PhD, Lecture

Jakarta

ethan.eryn@gmail.comhttps://orcid.org/0009-0005-1912-9191КармелитаП. В.CarmelitaP. W.

Паула В. Кармелита —  помощник менеджера по маркетингу мероприятий

Джакарта

Paula W. Carmelita — A ssistant Event Marketing Manager

Jakarta

paulawendy.carmelita@gmail.comhttps://orcid.org/0000-0002-2541-2146ДжухараС.JuharaS.

Сутресна Джухара —  преподаватель

Тангеранг

Sutresna Juhara —  Lecturer

Tangerang

sjuhara@unis.ac.idhttps://orcid.org/0000-0003-0316-3107ИрдианаС.IrdianaS.

Сукма Ирдиана —  преподаватель

Лумаджанг

Sukma Irdiana —  Lecturer

Lumajang City

sukmapasah@gmail.comhttps://orcid.org/0000-0001-7027-286XМоридуИ.MoriduI.

Ирван Мориду —  PhD, преподаватель

Лувук

Irwan Moridu —  PhD, Lecture

Luwuk

irwanmoridu@gmail.comhttps://orcid.org/0000-0002-0476-8661СусантиЕ.SusantiE.

Eви Сусанти —  PhD, доцент

Джакарта

Evi Susanti —  PhD, Assoc. Prof.

Джакарта

evi.susanti@jic.ac.idНавангвуланИ. М.NawangwulanI. M.

Ирма М. Навангвулан —  преподаватель

БСД сити, Южный Тангеранг

Irma M. Nawangwulan —  Lecturer

BSD City, Tangerang Selatan

mnwulan@gmail.comБизнес-школа ИПМИ КалибатаИндонезияIPMI Business School KalibataIndonesiaPT IBM ИндонезияИндонезияIBM–IndonesiaIndonesiaИсламский университет шейха ЮсуфаИндонезияUniversitas Islam Syeik YusufIndonesiaИнститут технологии и бизнеса Видья Гама ЛумаджангИндонезияInstitut Teknologi dan Bisnis Widya Gama LumajangIndonesiaУниверситет Мухаммадия ЛувукИндонезияMuhammadiyah Luwuk UniversityIndonesiaМеждународный колледж СТИЕ ДжакартаИндонезияSTIE Jakarta Internasional CollegeIndonesiaМеждународный университет по связям с Индонезией (IULI)ИндонезияInternational University Liaison Indonesia (IULI)Indonesia2023231020232757689Copyright © Анантаджая С.П., Кармелита П.В., Джухара С., Ирдиана С., Мориду И., Сусанти Е., Навангвулан И.М., 20232023Анантаджая С.П., Кармелита П.В., Джухара С., Ирдиана С., Мориду И., Сусанти Е., Навангвулан И.М.Anantadjaya S.P., Carmelita P.W., Juhara S., Irdiana S., Moridu I., Susanti E., Nawangwulan I.M.Данная работа распространяется под лицензией Creative Commons Attribution 4.0.This work is licensed under a Creative Commons Attribution 4.0 License.https://financetp.fa.ru/jour/article/view/2397

Управление товарными запасами является одним из основных звеньев менеджмента в цепочке поставок, влияющим на экономику страны.

Цель исследования —  определить эффективность управления запасами и его влияние на финансовые показатели факторинговой отрасли, которая стала одним из ведущих секторов, способствующих развитию национальной экономики. Использованы описательный и количественный методы, которые в основном опирались на финансовые данные за 2013–2017 гг. по выбранным публично зарегистрированным производственным компаниям в Индонезии и Германии на основе фондового индекса LQ45 и DAX соответственно. Для анализа финансовой эффективности и стоимости запасов на основе моделирования структурных уравнений использовалось несколько программных продуктов (Microsoft Excel, SPSS и AMOS). Результаты исследования подтверждают, что эффективность использования товарно-материальных запасов существенно влияет на финансовые результаты, так как p-значение ниже 5%. Объясняющая способность показателей товарно-материальных запасов по отношению к финансовым результатам составляет 30,6%. Повышение эффективности использования запасов приведет к росту финансовых показателей. Объясняющая способность каждого показателя DSI (101,2%), INVTO (96,4%), FGI (63,3%), WIP (58,3%) и RMI (51,7%) по отношению к показателям товарно-материальных запасов также приведет к росту эффективности. Для финансовых результатов каждый показатель имеет объясняющую способность ROIC (97,0%), ROE (85,1%), ROA (76,9%), GR (46,7%), PM (5,6%) и OM (5,3%) по отношению к финансовым результатам, что также будет способствовать повышению эффективности.

Inventory management is a fundamental supply chain management phase that affects the country’s economy.

The purpose of the study is to determine the effectiveness of inventory management and its impact on the financial performance in the factoring industry, as it has become one of the leading sectors in boosting the development of the national economy.

Descriptive and quantitative methods were used, which mainly relied on financial data for 2013–2017 on the selected publicly listed manufacturing companies in Indonesia and Germany based on the LQ45 and DAX stock index, respectively. Several software programs (Microsoft Excel, SPSS, and AMOS) were used for solving the inventory-financial performance and value analysis based on Structural Equation Modeling.

The results of the study confirm that inventory performance significantly influences financial performance, as the p-value is below 5%. Inventory performance has an explanatory power of 30.6% for financial performance. An increase in inventory performance will increase financial performance as well. Each indicator has an explanatory power of DSI (101.2%), INVTO (96.4%), FGI (63.3%), WIP (58.3%), and RMI (51.7%) towards inventory performance, which will increase performance as well. For financial performance, each indicator has an explanatory power of ROIC (97.0%); ROE (85.1%); ROA (76.9%); GR (46.7%); PM (5.6%), and OM (5.3%) towards financial performance, which will also contribute to improved efficiency.

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The authors declare that there are no conflicts of interest present.