Analisis Laporan Keuangan

PT KIMIA FARMA (PERSERO) Tbk.

Jody Jayayatu ( 09210135 )

4 akuntansi S1 A Pagi
STIE KESATUAN BOGOR

Analisis Laporan Keuangan

Liquidity Ratio =
Current Ratio = Current Assets / Current Liabilities
2010
= 1.132.383.839.878 / 538.852.036.495
= 2.1
2009
= 1.109.165.138.374 / 652.877.591.962
= 1.69
= Naik
Quick Ratio
2010
2009
Cash Ratio
2010
2009

= (Current Assets Inventory ) / Current Liabilities

= (1.132.383.839.878 - 482.269.506.534) / 538.852.036.495
= 1.2
= (1.109.165.138.374 - 520.771.622.340) / 652.877.591.962
= 0.9
= Naik
= ( Cash + M.securities ) / Current Liabilities
= 106378431315 / 538852036495
= 0.19
= 95952330237 / 652877591962
= 0.14
= naik

Activity Ratio =
A.) Receivable Turn Over = Sales / Account Receivable
2010
= 1.898.233.201.050 / ( 367.302.648.833 + 44.582.975.316 + 8588425554 )
= 1898233201050 / 420474049703
= 4.51
2009
= 1917849795391 / (356687580431 + 50206113257 + 3055334964 )
= 1917849795391 / 409949028652
= 4.67
= turun
B.) Average collection period = 360 / Receivable Turn Over
2010
= 360 / 4.51
= 79
2009
= 360 / 4.67
= 77
= Naik
Average Inventory = ( Beginning inventory + ending inventory ) / 2
2010
= ( 520771622340 + 482269506534 ) / 2
= 1003041128874 / 2
= 501520564437
2009
= 482996905895 + 520771622340 ) / 2

= 1003768528235 / 2
= 501884264117.5
COGS =
GROSS PROFIT MARGIN = ( SALES COGS ) / SALES - ( gross profit margin sebesar 28% di tahun 2010 didapat dari gross profit /
sales )
2010
28% = (1898233201050 COGS ) / 1898233201050
28% * 1898233201050 = (1898233201050 COGS )
531505296294 = (1898233201050 COGS )
COGS = 1898233201050 - 531505296294
= 1366727904756
2009
27% = (1917849795391 COGS ) / 1917849795391
27% * 1917849795391 = 1917849795391 COGS
517819444755.57 = 1917849795391 COGS
COGS = 1917849795391 - 517819444755.57
= 1400030350635.43
C.) Inventory Turnover = COGS / Average Inventory
2010
= 1366727904756 / 501520564437
= 2.725
2009
= 1400030350635 / 501884264117
= 2.789
= turun
D.) Average days in inventory = 360 / Inventory Turnover
2010
= 360 / 2.725
= 132.11
2009
= 360 / 2.789
= 129
= naik
E.) Total Asset Turnover = Sales / Total Assets
2010
= 1.898.233.201.050 / 1.642.253.680.770
= 1.15 ( 1 )
2009
= 1917849795391 / 1612448752231
= 1.18 ( 1 )
= Turun
Leverage Ratio :
A.) Dept to Total Asset Ratio = Total Liabilities / Total Assets
2010
= 608.003.229.355 / 1.642.253.680.770
= 0.3
2009
= 652877591962 / 1612448752231
= 0.4

= turun
B.) Dept to Equity Ratio = Total Liabilities / Total Equity
2010
= 608003229355 / 1034244978056
= 0.58
2009
= 652877591962 / 959571160269
= 0.68
= turun
C.) Time Interest Earned Ratio = Earning Before Interest & tax / Interest Expense
2010
= 62744921389 / 23814570070
= 2 .6
2009
= 49048485123 / 16113928340
=3
= Turun
D.) Long Term Debt To Equity = longterm debt / Equity
2010
= 69151192860 / 1034244978056
= 0.06
2009
= 52360925805 / 959571160269
= 0.05
= Naik
Provitability Ratio :
Gross Prifit Margin = Gross Profit / Sales
2010
= 534737595204 / 1898233201050
= 0.28
2009
= 529412691497 / 1917849795391
= 0.27
= naik

Operating Profit Margin = EBIT / SALES

2010
= 62744921389 / 1898233201050
= 0.03
2009
= 49048485123 / 1917849795391
= 0.02
= Naik
Net Profit Margin = EAT / Sales

2010
2009

= 38929877960 / 1898233201050
= 0.02
= 26762936684 / 1917849795391
= 0.01
= Naik

Return On Assets = EAT / Total Assets

2010
= 38929877960 / 1642253680770
= 0.023
2009
= 26762936684 / 1612448752231
= 0.01
= Naik
Return On Equity = EAT / Equity
2010
= 38929877960 / 1034244978056
= 0.03
2009
= 26762936684 / 959571160269
= 0.027
= Naik

EvaluasiRasio-rasioKeuangan
Liquidity Ratios
Current ratio
Quick ratio
Cash ratio
Leverage Ratios
Debt to total assets ratio
Debt to equity ratio

Naik
Naik
Naik

=
=
=

Membaik
Membaik
Membaik

Turun =
Turun =

Membaik
Membaik

Long-term debt to equity ratio

Time interest earned ratio
Activity Ratios
Receivable turnover
Average collection period
Inventory turnover
Average days in inventory
Assets turnover
Profitability Ratios
Gross profit margin
Operating profit margin
Net profit margin
Return on assets
Return on equity

Turun =
Naik =

Membaik
Membaik

Turun
Naik
Turun
Naik

=
=
=
=
Turun

Memburuk
Memburuk
Memburuk
Memburuk
=
Memburuk

Naik

=
Naik
=
=
=

Membaik
=
Membaik
Membaik
Membaik
Membaik

Naik
Naik
Naik