2008 Analysist

1. Days’ sales in receivables = Gross Receivables / (Net Sales / 365)

= 1.496.653.105 /(5.697.437.141 / 365)

= 95.88 days

2. Accounts Receivable Turnover = Net Sales / Average Gross Receivable

= 5.697.437.141 / 1.403.034.553

= 4.06 times

3. Accounts Receivable Turnover in Days = Average Gross Receivable / (Net Sales / 365)

= 1.403.034.553 / (5.697.437.141 / 365)

= 89.88 days

4. Days sales in inventory = ending inventory / ( cost of goods sold / 365)

= 1.191.939.225 / (3.299.982.673/365)

= 131.84 days

5. inventory turnover = COGS / average inventory

= 3.299.982.673 / 1.057.280.613

= 3.12 times

6. inventory turnover in days = average inventory / (COGS/365)

= 1.057.280.613 / (3.299.982.673 / 365)

= 116.94 days

7. operating cycle = Accounts Receivable Turnover in Days + inventory turnover in days

= 89.88 days + 116.94 days

= 206,82 days

8. Working capital = Current Asset – Current Liabilities

= 5.510.399.463 - 1.450.220.255

= Rp4.060.179.208

9. Current Ratio = Current Asset / Current Liabilities

= 5.510.399.463 / 1.450.220.255

= 3.80
10. Acid-Test Ratio = (Cash Equivalent + marketable securities + net receivable)/ current liabilities

= (2.706.556.207+19.000.000+1.435.104.721) / 1.450.220.255

= 2.87

11. Cash Ratio = (Cash Equivalent + marketable securities) / current liabilities

= (2.706.556.207+19.000.000) / 1.450.220.255

= 1.88

12. Sales to Working Capital = Sales / average working capital

= 5.697.437.141 / [(4.060.179.208+ 2776017000) / 2]

= 1.67

13. Times interest earned = recurring earnings, excluding interest expense, tax expense, equity
earnings, and minority earnings / interest expense, including capitalized
interest

= (1.625.654.678+13.138.364) / 13.138.364

= 124.73 times

14. Fixed charge coverage = (recurring earnings, excluding interest expense, tax expense, equity
earnings, and minority earnings + interest portion of rentals)/( interest
expense, including capitalized interest + interest portion of rentals)

= (1.625.654.678+13.138.364+390.088) / (13.138.364+390.088)

= 121.17

15. Debt Ratio = Total Liabilities / total assets

= 1.877.107.288 / 8.843.056.465

= 0.21

16. Debt/Equity Ratio = Total Liabilities / stockholder’s equity

= 1.877.107.288 / 6.875.804.557

= 0.27

17. Debt to Tangible Net Worth Ratio = Total Liabilities / (stockholder’s equity – intangibles asset)

= 1.877.107.288 / (6.875.804.557 - 1.270.104)

= 0.27