Rasio Likuiditas

Perkembangan Current Ratio

Perusahaan sampel tahun 2016-2020
Likuiditas : (CR)

No Nama Perusahaan
2016 2017 2018 2019

1 ALDO 147.83% 144.04% 161.30% 181.13%

2 FASW 107.51% 74.18% 84.05% 70.41%
3 INKP 159.83% 209.28% 240.60% 229.94%
4 INRU 73.24% 149.75% 181.14% 51.27%
5 KDSI 123.19% 118.64% 116.93% 123.98%
6 SPMA 246.30% 102.24% 376.14% 162.03%
7 TKIM 139.45% 144.63% 169.65% 162.68%
Rata-Rata 142.48% 134.68% 189.97% 140.20%
Sumber : Hasil Pengolahan Data (2021)
Rasio Likuiditas
Perkembangan Quick Ratio
Perusahaan sampel tahun 2016-2020
Likuiditas : (QR)

No Nama Perusahaan
2016 2017 2018 2019

1 ALDO 99.59% 89.31% 97.60% 87.47%

2 FASW 68.40% 44.24% 45.58% 36.92%
3 INKP 78.74% 135.03% 160.48% 203.38%
4 INRU 26.08% 55.98% 73.97% 9.88%
5 KDSI 94.13% 72.94% 62.78% 79.67%
6 SPMA 102.27% 36.26% 173.96% 69.41%
7 TKIM 63.65% 85% 109% 114%
Rata-Rata 76.12% 74.04% 103.37% 85.81%
Sumber : Hasil Pengolahan Data (2021)

Rasio Solvabilitas
Perkembangan Debt to Asset Ratio
Perusahaan sampel tahun 2016-2020
 Solvabilitas : (DAR)

No Nama Perusahaan
2016 2017 2018 2019

1 ALDO 51.04% 54.00% 48.38% 42.34%

2 FASW 63.20% 64.91% 60.89% 56.36%
3 INKP 59.01% 57.85% 56.90% 52.89%
4 INRU 52.13% 72.80% 58.62% 68.68%
5 KDSI 63.25% 63.45% 46.39% 46.39%
6 SPMA 48.51% 46.11% 45.04% 41.93%
7 TKIM 62.39% 61.16% 58.34% 54.76%
Rata-Rata 57.08% 60.04% 53.51% 51.91%
Sumber : Hasil Pengolahan Data (2021)

Rasio Solvabilitas
Perkembangan Debt to Equity Ratio
Perusahaan sampel tahun 2016-2020
Solvabilitas : (DER)

No Nama Perusahaan
2016 2017 2018 2019

1 ALDO 104.26% 117.37% 73.44% 73.44%

2 FASW 171.97% 184.94% 155.70% 129.13%
3 INKP 143.98% 137.26% 132.03% 112.25%
4 INRU 108.88% 105.73% 141.65% 219.33%
5 KDSI 172.11% 173.57% 106.12% 150.63%
6 SPMA 97.05% 85.58% 81.96% 72.20%
7 TKIM 165.86% 157.45% 140.06% 121.06%
Rata-Rata 137.73% 137.42% 118.71% 125.43%
Sumber : Hasil Pengolahan Data (2021)

Pertumbuhan Rasio Aktivitas dengan perhitungan Inventory Turn Over

Perusahaan sampel tahun 2016-2020
Aktivitas : (IO)

No Nama Perusahaan
2016 2017 2018 2019
 1 ALDO 580.10% 449.52% 442.21% 319.48%
2 FASW 163.76% 541.54% 617.27% 590.16%
3 INKP 218.79% 234.26% 180.36% 441.60%
4 INRU 257.37% 415.30% 192.60% 270.91%
5 KDSI 1053.76% 597.05% 523.27% 834.59%
6 SPMA 398.32% 367.97% 423.95% 458.58%
7 TKIM 269.87% 301.17% 284.13% 373.78%
Rata-Rata 420.28% 415.26% 380.54% 469.87%
Sumber : Hasil Pengolahan Data (2021)

Pertumbuhan Rasio Aktivitas dengan perhitungan Receievable Turn Over

Perusahaan sampel tahun 2016-2020
Aktivitas : (RO)

No Nama Perusahaan
2016 2017 2018 2019

1 ALDO 365.50% 367.84% 387.63% 475.70%

2 FASW 1415.49% 546.41% 531.00% 644.01%
3 INKP 399.80% 286.15% 383.75% 211.10%
4 INRU 2573.43% 6339.05% 6178.54% 6850.43%
5 KDSI 748.15% 540.98% 628.78% 659.87%
6 SPMA 1792.13% 1873.71% 1882.86% 1379.90%
7 TKIM 1077.46% 540.02% 857.50% 991.24%
Rata-Rata 1195.99% 1499.17% 1550.01% 1601.75%
Sumber : Hasil Pengolahan Data (2021)

Pertumbuhan Rasio Profitabilitas dengan perhitungan Return On Investment

Perusahaan sampel tahun 2016-2020
Profitabilitas : (ROI)

No Nama Perusahaan
2016 2017 2018 2019

1 ALDO 8.25% 7.74% 10.87% 13.18%

2 FASW 3.82% 8.80% 18.13% 11.35%
3 INKP 2.11% 5.99% 8.41% 3.79%
4 INRU 3.78% 12.49% 1.11% 5.00%
5 KDSI 5.58% 7.03% 7.47% 7.57%
6 SPMA 5.16% 5.58% 4.80% 7.45%
 7 TKIM 0.44% 1.16% 8.46% 6.03%
Rata-Rata 4.16% 6.97% 8.47% 7.77%
Sumber : Hasil Pengolahan Data (2021)

Pertumbuhan Rasio Profitabilitas dengan perhitungan Return On Equity

Perusahaan sampel tahun 2016-2020
Profitabilitas : (ROE)

No Nama Perusahaan
2016 2017 2018 2019

1 ALDO 12.56% 12.66% 15.65% 14.70%

2 FASW 7.75% 18.12% 32.77% 20.65%
3 INKP 7.19% 12.84% 15.60% 5.94%
4 INRU 23.07% 17.21% 2.31% 12.92%
5 KDSI 11.23% 14.20% 12.62% 11.54%
6 SPMA 7.51% 7.87% 6.55% 9.51%
7 TKIM 1.19% 2.26% 19.89% 12.02%
Rata-Rata 10.07% 12.17% 15.06% 12.47%
Sumber : Hasil Pengolahan Data (2021)

Pertumbuhan Rasio Profitabilitas dengan perhitungan Profit Margin

Perusahaan sampel tahun 2016-2020
Profitabilitas : (NPM)

No Nama Perusahaan
2016 2017 2018 2019

1 ALDO 3.79% 4.10% 5.38% 7.15%

2 FASW 15.32% 8.12% 14.14% 11.72%
3 INKP 7.45% 13.21% 17.64% 9.65%
4 INRU 44.59% 22.97% 3.25% 18.70%
5 KDSI 2.36% 3.07% 3.30% 2.76%
6 SPMA 4.19% 4.41% 3.44% 5.21%
7 TKIM 1.46% 2.87% 23.27% 15.90%
Rata-Rata 11.31% 8.39% 10.06% 10.16%
Sumber : Hasil Pengolahan Data (2021)
 Pertumbuhan Rasio Profitabilitas dengan perhitungan TAT
Perusahaan sampel tahun 2016-2020
Profitabilitas : (NPM)

No Nama Perusahaan
2016 2017 2018 2019

1 ALDO 162.41% 142.12% 150.09% 115.98%

2 FASW 18.59% 78.31% 90.64% 76.90%
3 INKP 39.55% 40.97% 38.11% 29.01%
4 INRU 24.77% 51.60% 29.48% 21.64%
5 KDSI 174.68% 169.05% 167.31% 185.45%
6 SPMA 89.51% 96.21% 104.66% 105.99%
7 TKIM 30.54% 30.58% 35.61% 34.19%
Rata-Rata 77.15% 86.98% 87.98% 81.31%
Sumber : Hasil Pengolahan Data (2021)
 Rata-Rata
Rasio
2020 Tahun
2016-2020

176.55% 162.17%
80.94% 83.42%
228.12% 213.56%
60.54% 103.19%
138.49% 124.25%
173.21% 211.99%
146.49% 152.58%
143.48% 150.16%

Rata-Rata
Rasio
2020 Tahun
2016-2020

105.21% 95.50%
43.48% 52.74%
203.30% 124.75%
10.39% 52.01%
100.56% 76.62%
68.96% 104.16%
102% 85.80%
90.51% 84.51%
)
Rata-Rata
Rasio
2020 Tahun
2016-2020

38.08% 51.14%
60.19% 63.00%
48.23% 57.92%
69.54% 61.18%
47.39% 57.69%
33.88% 46.55%
50.36% 60.63%
49.67% 56.87%

)
Rata-Rata
Rasio
2020 Tahun
2016-2020

61.53% 98.36%
151.21% 170.87%
93.17% 137.76%
228.33% 118.75%
90.09% 150.60%
51.24% 88.20%
101.44% 154.46%
111.00% 131.28%

ory Turn Over

Rata-Rata
Rasio
2020 Tahun
2016-2020
 420.32% 490.61%
612.38% 440.85%
369.15% 211.13%
310.27% 288.42%
686.74% 724.69%
478.93% 396.75%
215.63% 285.06%
441.92% 405.36%

vable Turn Over

Rata-Rata
Rasio
2020 Tahun
2016-2020

382.82% 373.66%
587.01% 830.97%
185.02% 356.56%
10075.70% 5030.34%
441.43% 639.30%
1518.48% 1849.56%
651.80% 824.99%
1977.47% 1415.06%

rn On Investment

I)
Rata-Rata
Rasio
2020 Tahun
2016-2020

8.81% 8.96%
3.15% 10.25%
4.01% 5.50%
1.62% 5.79%
5.12% 6.69%
8.44% 5.18%
 5.30% 3.35%
5.21% 6.53%

turn On Equity

E)
Rata-Rata
Rasio
2020 Tahun
2016-2020

11.07% 13.62%
7.71% 19.55%
6.73% 11.88%
6.68% 14.20%
7.08% 12.68%
10.61% 7.31%
10.89% 7.78%
8.68% 12.43%

Profit Margin

M)
Rata-Rata
Rasio
2020 Tahun
2016-2020

5.91% 4.42%
4.47% 12.53%
13.11% 12.77%
9.67% 23.60%
3.24% 2.91%
7.55% 4.02%
25.88% 9.20%
9.98% 9.92%
gan TAT

M)
Rata-Rata
Rasio
2020 Tahun
2016-2020

115.98% 151.54%
68.70% 62.51%
26.57% 39.55%
21.02% 35.28%
115.00% 170.35%
92.89% 96.79%
20.88% 32.24%
65.87% 84.04%
Dari hasil penelitian current

current rasio tinggi pengelol

quiick rasio paling balik

dibawah rata
diatas rata
turun setiap tahun,diragukan investor krn aset lancar tidak dikelola dengan baik

rendah
diatas rata

tinggi kreditur takut minjem

baik dari segi investor
rata paling tinggi diantara perusahaan lain di indutri yang sama diatas rata industri
 perputaran persediaan

RATA2 SUBSEKTOR indu

Chart Title
0.35
0.3
0.25
0.2
0.15
0.1
0.05
0
ALDO FASW INKP INRU KDSI SPMA TKIM

Profitabilitas : (ROE) 2016 2017

2018 2019
2020
Dari hasil penelitian current ratio diatas menyatakan bahwa rata-rata industri

current rasio tinggi pengelolaan bagus

quiick rasio paling balik

 fluktiattif dlm batas normal

tinggi kreditur takut minjemin uang

baik dari segi investor
perputaran persediaan

RATA2 SUBSEKTOR industri pulp dan kertas

PT. Alkindo Narata Tbk (ALDO)

Tahun Sales Cost of Goods Sold EBIT

2016 Rp 666,434,061,412 Rp 554,275,328,517 Rp 33,847,325,358

2017 Rp 708,740,551,657 Rp 588,935,699,382 Rp 38,621,790,950
2018 Rp 789,643,654,873 Rp 638,294,546,423 Rp 57,208,486,144
2019 Rp 1,096,435,817,888 Rp 821,595,543,791 Rp 121,937,309,241
2020 Rp 1,105,920,883,249 Rp 870,991,419,206 Rp 83,963,236,519

PT. Fajar Surya Wisesa Tbk (FASW)

Tahun Sales Cost of Goods Sold EBIT

2016 Rp 1,595,545,195,858 Rp 1,258,364,728,197 Rp 327,921,731,854

2017 Rp 7,337,185,138,762 Rp 5,923,997,164,012 Rp 824,530,694,900
2018 Rp 9,938,310,691,326 Rp 6,919,557,020,399 Rp 1,988,090,191,158
2019 Rp 8,268,503,880,196 Rp 6,458,698,980,711 Rp 1,220,595,729,710
2020 Rp 7,909,812,330,437 Rp 6,677,778,392,949 Rp 362,806,757,676

PT. Indah Kiat Pulp and Paper Tbk (INKP)

Tahun Sales Cost of Goods Sold EBIT

2016 Rp 2,720,473 Rp 2,139,207 Rp 145,310

2017 Rp 3,127,928 Rp 2,224,399 Rp 457,087
2018 Rp 3,335,441 Rp 2,131,711 Rp 735,755
2019 Rp 2,466,869 Rp 1,800,066 Rp 322,084
2020 Rp 2,191,869 Rp 1,541,700 Rp 330,746

PT. Toba Pulp Lestari Tbk (INRU)

Tahun Sales Cost of Goods Sold EBIT

2016 Rp 84,074 Rp 80,900 Rp 12,822

 2017 Rp 123,865 Rp 106,196 Rp 29,986
2018 Rp 121,223 Rp 104,597 Rp 4,565
2019 Rp 104,058 Rp 103,619 Rp 24,023
2020 Rp 97,432 Rp 90,874 Rp 7,497

PT. Kedawung Setia Indutrial Tbk (KDSI)

Tahun Sales Cost of Goods Sold EBIT

2016 Rp 1,995,337 Rp 1,721,942 Rp 63,697

2017 Rp 2,245,519 Rp 1,932,477 Rp 93,363
2018 Rp 2,327,952 Rp 1,994,236 Rp 103,956
2019 Rp 2,324,941 Rp 1,873,997 Rp 94,927
2020 Rp 1,404,156 Rp 1,163,633 Rp 62,509

PT. Suparma Tbk (SPMA)

Tahun Sales Cost of Goods Sold EBIT

2016 Rp 1,932,435 Rp 1,620,898 Rp 111,358

2017 Rp 2,093,138 Rp 1,777,790 Rp 121,309
2018 Rp 2,389,269 Rp 2,016,339 Rp 109,673
2019 Rp 2,514,161 Rp 2,139,362 Rp 176,640
2020 Rp 2,151,495 Rp 1,758,714 Rp 195,503

PT. Pabrik Kertas Tjiwi Kimia Tbk (TKIM)

Tahun Sales Cost of Goods Sold EBIT

2016 Rp 760,836 Rp 677,978 Rp 10,918

2017 Rp 782,508 Rp 700,103 Rp 29,646
2018 Rp 1,055,800 Rp 940,378 Rp 250,802
2019 Rp 1,047,118 Rp 939,955 Rp 184,698
2020 Rp 650,212 Rp 565,490 Rp 165,104
 Net Profit Prepaid Expenses Inventory Account Receivable

Rp 25,229,505,223 Rp 1,778,542,832 Rp 95,547,717,345 Rp 182,336,385,518

Rp 29,035,395,397 Rp 1,473,546,163 Rp 131,015,702,213 Rp 192,674,893,481
Rp 42,506,275,523 Rp 3,105,327,836 Rp 144,342,696,536 Rp 203,711,060,528
Rp 78,421,735,355 Rp 15,459,127,517 Rp 257,163,046,834 Rp 230,491,208,522
Rp 65,331,041,553 Rp 9,576,327,351 Rp 207,219,414,600 Rp 288,884,783,528

Net Profit Prepaid Expenses Inventory Account Receivable

Rp 244,447,481,314 Rp 20,015,134,629 Rp 768,429,338,957 Rp 112,719,990,712

Rp 595,868,198,714 Rp 29,823,611,054 Rp 1,093,924,962,306 Rp 1,342,802,997,582
Rp 1,405,367,771,073 Rp 37,156,540,914 Rp 1,120,994,244,084 Rp 1,871,628,067,676
Rp 968,833,390,696 Rp 162,103,959,551 Rp 1,094,392,607,876 Rp 1,283,914,002,211
Rp 353,299,343,980 Rp 188,868,421,054 Rp 1,090,466,194,209 Rp 1,347,482,382,895

Net Profit Prepaid Expenses Inventory Account Receivable

Rp 202,753 Rp 131,840 Rp 977,762 Rp 680,466

Rp 413,282 Rp 166,334 Rp 949,560 Rp 1,093,125
Rp 588,206 Rp 213,478 Rp 1,181,935 Rp 869,169
Rp 238,063 Rp 79,185 Rp 407,626 Rp 1,168,553
Rp 287,449 Rp 30,696 Rp 417,632 Rp 1,184,666

Net Profit Prepaid Expenses Inventory Account Receivable

Rp 37,492 Rp 234 Rp 31,433 Rp 3,267

Rp 28,455 Rp 293 Rp 25,571 Rp 1,954
Rp 3,936 Rp 395 Rp 54,309 Rp 1,962
Rp 19,460 Rp 50 Rp 38,249 Rp 1,519
Rp 9,423 Rp 377 Rp 29,289 Rp 967

Net Profit Prepaid Expenses Inventory Account Receivable

Rp 47,127 Rp 3,991 Rp 163,410 Rp 266,702

Rp 68,965 Rp 324 Rp 323,672 Rp 415,080
Rp 76,762 Rp 600 Rp 381,111 Rp 370,235
Rp 64,091 Rp 320 Rp 224,540 Rp 352,331
Rp 45,463 Rp 1,740 Rp 169,443 Rp 318,090

Net Profit Prepaid Expenses Inventory Account Receivable

Rp 81,063 Rp 2,024 Rp 406,931 Rp 107,829

Rp 92,280 Rp 1,010 Rp 483,135 Rp 111,711
Rp 82,233 Rp 1,709 Rp 475,608 Rp 126,896
Rp 131,006 Rp 57,217 Rp 466,523 Rp 182,199
Rp 162,525 Rp 21,293 Rp 367,216 Rp 141,687

Net Profit Prepaid Expenses Inventory Account Receivable

Rp 11,128 Rp 74,254 Rp 251,220 Rp 70,614

Rp 22,466 Rp 51,080 Rp 232,462 Rp 144,903
Rp 245,709 Rp 4,544 Rp 330,968 Rp 123,126
Rp 166,516 Rp 11,719 Rp 251,475 Rp 105,637
Rp 168,261 Rp 2,850 Rp 262,253 Rp 99,756
 Current Assets Total Assets Current Liabilities Total Liabilities

Rp 298,258,060,232 Rp 410,330,576,602 Rp 201,756,667,857 Rp 209,442,676,180

Rp 348,662,337,262 Rp 498,701,656,995 Rp 242,051,192,180 Rp 269,278,833,819
Rp 373,344,346,111 Rp 526,129,313,163 Rp 231,453,796,427 Rp 254,539,097,693
Rp 527,212,418,930 Rp 925,114,449,597 Rp 291,076,212,712 Rp 391,708,143,237
Rp 536,525,873,066 Rp 953,551,967,212 Rp 303,886,581,958 Rp 363,123,647,820

Current Assets Total Assets Current Liabilities Total Liabilities

Rp 2,167,035,553,599 Rp 8,583,223,835,997 Rp 2,015,616,872,848 Rp 5,424,781,372,865

Rp 2,784,006,841,253 Rp 9,369,891,776,775 Rp 3,753,070,066,277 Rp 6,081,574,204,386
Rp 2,530,218,883,678 Rp 10,965,118,708,784 Rp 3,010,538,868,185 Rp 6,676,781,411,219
Rp 2,641,761,193,939 Rp 10,751,992,944,302 Rp 3,752,020,296,349 Rp 6,059,395,120,910
Rp 2,764,166,622,523 Rp 11,513,044,288,721 Rp 3,415,011,967,990 Rp 6,930,049,292,233

Current Assets Total Assets Current Liabilities Total Liabilities

Rp 2,186,979 Rp 6,878,800 Rp 1,368,294 Rp 4,059,414

Rp 3,145,349 Rp 7,634,236 Rp 1,502,930 Rp 4,416,589
Rp 4,190,614 Rp 8,751,013 Rp 1,741,730 Rp 4,979,481
Rp 4,214,777 Rp 8,502,050 Rp 1,832,973 Rp 4,496,373
Rp 4,119,873 Rp 8,247,915 Rp 1,806,011 Rp 3,978,190

Current Assets Total Assets Current Liabilities Total Liabilities

Rp 49,182 Rp 339,428 Rp 67,153 Rp 176,929

Rp 41,305 Rp 240,066 Rp 27,582 Rp 174,769
Rp 92,464 Rp 411,225 Rp 51,046 Rp 241,050
Rp 47,439 Rp 480,886 Rp 92,528 Rp 330,295
Rp 35,815 Rp 463,482 Rp 59,158 Rp 322,317

Current Assets Total Assets Current Liabilities Total Liabilities

Rp 709,584 Rp 1,142,273 Rp 575,997 Rp 722,489

Rp 841,181 Rp 1,328,292 Rp 709,035 Rp 842,752
Rp 824,176 Rp 1,391,416 Rp 704,832 Rp 645,445
Rp 629,204 Rp 1,253,651 Rp 507,508 Rp 836,245
Rp 624,981 Rp 1,220,979 Rp 451,268 Rp 578,653

Current Assets Total Assets Current Liabilities Total Liabilities

Rp 699,313 Rp 2,158,852 Rp 283,924 Rp 1,047,297

Rp 750,237 Rp 2,175,661 Rp 733,772 Rp 1,003,166
Rp 887,987 Rp 2,282,846 Rp 236,077 Rp 1,028,236
Rp 916,212 Rp 2,372,131 Rp 565,469 Rp 994,592
Rp 645,476 Rp 2,316,065 Rp 372,651 Rp 784,673

Current Assets Total Assets Current Liabilities Total Liabilities

Rp 598,774 Rp 2,491,282 Rp 429,383 Rp 1,554,204

Rp 682,434 Rp 2,559,164 Rp 471,854 Rp 1,565,136
Rp 941,679 Rp 2,965,136 Rp 555,059 Rp 1,729,951
Rp 879,074 Rp 3,062,331 Rp 540,366 Rp 1,677,008
Rp 865,919 Rp 3,113,434 Rp 591,125 Rp 1,567,878
 Debt to Asset Debt to Equity
Total Equity Current Ratio Quick Ratio
Ratio Ratio

Rp 200,887,900,422 147.83% 99.59% 51.04% 104.26%

Rp 229,422,823,176 144.04% 89.31% 54.00% 117.37%
Rp 271,590,217,470 161.30% 97.60% 48.38% 93.72%
Rp 533,406,306,270 181.13% 87.47% 42.34% 73.44%
Rp 590,123,647,820 176.55% 105.21% 38.08% 61.53%

Total Equity Current Ratio Quick Ratio Debt to Asset Debt to Equity
Ratio Ratio

Rp 3,154,442,263,132 107.51% 68.40% 63.20% 171.97%

Rp 3,288,317,572,389 74.18% 44.24% 64.91% 184.94%
Rp 4,288,337,297,565 84.05% 45.58% 60.89% 155.70%
Rp 4,692,597,823,392 70.41% 36.92% 56.36% 129.13%
Rp 4,582,994,996,488 80.94% 43.48% 60.19% 151.21%

Debt to Asset Debt to Equity

Total Equity Current Ratio Quick Ratio
Ratio Ratio

Rp 2,819,386 159.83% 78.74% 59.01% 143.98%

Rp 3,217,647 209.28% 135.03% 57.85% 137.26%
Rp 3,771,532 240.60% 160.48% 56.90% 132.03%
Rp 4,005,677 229.94% 203.38% 52.89% 112.25%
Rp 4,269,725 228.12% 203.30% 48.23% 93.17%

Debt to Asset Debt to Equity

Total Equity Current Ratio Quick Ratio
Ratio Ratio

Rp 162,499 73.24% 26.08% 52.13% 108.88%

Rp 165,297 149.75% 55.98% 72.80% 105.73%
Rp 170,175 181.14% 73.97% 58.62% 141.65%
Rp 150,591 51.27% 9.88% 68.68% 219.33%
Rp 141,165 60.54% 10.39% 69.54% 228.33%

Total Equity Current Ratio Quick Ratio Debt to Asset Debt to Equity
Ratio Ratio

Rp 419,784 123.19% 94.13% 63.25% 172.11%

Rp 485,537 118.64% 72.94% 63.45% 173.57%
Rp 608,205 116.93% 62.78% 46.39% 106.12%
Rp 555,171 123.98% 79.67% 66.70% 150.63%
Rp 642,326 138.49% 100.56% 47.39% 90.09%

Debt to Asset Debt to Equity

Total Equity Current Ratio Quick Ratio
Ratio Ratio

Rp 1,079,147 246.30% 102.27% 48.51% 97.05%

Rp 1,172,195 102.24% 36.26% 46.11% 85.58%
Rp 1,254,610 376.14% 173.96% 45.04% 81.96%
Rp 1,377,539 162.03% 69.41% 41.93% 72.20%
Rp 1,531,392 173.21% 68.96% 33.88% 51.24%

Debt to Asset Debt to Equity

Total Equity Current Ratio Quick Ratio
Ratio Ratio

Rp 937,078 139.45% 63.65% 62.39% 165.86%

Rp 994,028 144.63% 84.54% 61.16% 157.45%
Rp 1,235,185 169.65% 109.21% 58.34% 140.06%
Rp 1,385,323 162.68% 113.97% 54.76% 121.06%
Rp 1,545,556 146.49% 101.64% 50.36% 101.44%
Inventory Turn Reveivable Turn Return On
Return On Equity Net Profit Margin
Over Over Investment

580.10% 365.50% 8.25% 12.56% 3.79%

449.52% 367.84% 7.74% 12.66% 4.10%
442.21% 387.63% 10.87% 15.65% 5.38%
319.48% 475.70% 13.18% 14.70% 7.15%
420.32% 382.82% 8.81% 11.07% 5.91%

Inventory Turn Reveivable Turn Return On Return On Equity Net Profit Margin
Over Over Investment

163.76% 1415.49% 3.82% 7.75% 15.32%

541.54% 546.41% 8.80% 18.12% 8.12%
617.27% 531.00% 18.13% 32.77% 14.14%
590.16% 644.01% 11.35% 20.65% 11.72%
612.38% 587.01% 3.15% 7.71% 4.47%

Inventory Turn Reveivable Turn Return On

Return On Equity Net Profit Margin
Over Over Investment

218.79% 399.80% 2.11% 7.19% 7.45%

234.26% 286.15% 5.99% 12.84% 13.21%
180.36% 383.75% 8.41% 15.60% 17.64%
441.60% 211.10% 3.79% 5.94% 9.65%
369.15% 185.02% 4.01% 6.73% 13.11%

Inventory Turn Reveivable Turn Return On

Return On Equity Net Profit Margin
Over Over Investment

257.37% 2573.43% 3.78% 23.07% 44.59%

 415.30% 6339.05% 12.49% 17.21% 22.97%
192.60% 6178.54% 1.11% 2.31% 3.25%
270.91% 6850.43% 5.00% 12.92% 18.70%
310.27% 10075.70% 1.62% 6.68% 9.67%

Inventory Turn Reveivable Turn Return On Return On Equity Net Profit Margin
Over Over Investment

1053.76% 748.15% 5.58% 11.23% 2.36%

597.05% 540.98% 7.03% 14.20% 3.07%
523.27% 628.78% 7.47% 12.62% 3.30%
834.59% 659.87% 7.57% 11.54% 2.76%
686.74% 441.43% 5.12% 7.08% 3.24%

Inventory Turn Reveivable Turn Return On

Return On Equity Net Profit Margin
Over Over Investment

398.32% 1792.13% 5.16% 7.51% 4.19%

367.97% 1873.71% 5.58% 7.87% 4.41%
423.95% 1882.86% 4.80% 6.55% 3.44%
458.58% 1379.90% 7.45% 9.51% 5.21%
478.93% 1518.48% 8.44% 10.61% 7.55%

Inventory Turn Reveivable Turn Return On

Return On Equity Net Profit Margin
Over Over Investment

269.87% 1077.46% 0.44% 1.19% 1.46%

301.17% 540.02% 1.16% 2.26% 2.87%
284.13% 857.50% 8.46% 19.89% 23.27%
373.78% 991.24% 6.03% 12.02% 15.90%
215.63% 651.80% 5.30% 10.89% 25.88%
Total Asset Turnover

162%
142%
150%
119%
116%

Total Asset Turnover

19%
78%
91%
77%
69%

Total Asset Turnover

40%
41%
38%
29%
27%

Total Asset Turnover

25%
 52%
29%
22%
21%

Total Asset Turnover

175%
169%
167%
185%
115%

Total Asset Turnover

90%
96%
105%
106%
93%

Total Asset Turnover

31%
31%
36%
34%
21%
 Tabel 1. List Perusahaan yang akan di teliti
No Kode Perusahaan Nama Perusahaan
1 ALDO PT. Alkindo Narata Tbk.
2 FASW PT. Fajar Surya Wisesa Tbk.
3 INKP PT. Indah Kiat Pulp and Paper Tbk.
4 INRU PT. Toba Pulp Lestari Tbk.
5 KDSI PT. Kedawung Setia Industrial Tbk.
6 SPMA PT. Suparma Tbk.
7 TKIM PT. Pabrik Kertas Tjiwi Kimia Tbk.
Sumber : Hasil Pengolahan Data (2021)
Rasio Likuiditas 2016 2017 2018 2019 2020
Current Ratio 142.48% 134.68% 189.97% 140.20% 143.48%
Quick Ratio 76.12% 74.04% 103.37% 85.81% 90.51% 350.00%

300.00%

250.00%
76.12%
200.00%
142.48%
150.00%

100.00%

50.00%

0.00%
2016

Rasio Solvabilitas 2016 2017 2018 2019 2020

DAR 57.08% 60.04% 53.51% 51.91% 49.67%
DER 137.73% 137.42% 118.71% 125.43% 111.00%
250.00%
137.73%
200.00%

150.00%

100.00%
57.08%
50.00%

0.00%
2016

Rasio Aktivitas 2016 2017 2018 2019 2020

IO 420.28% 415.26% 380.54% 469.87% 441.92% 3000.00%
RO 1195.99% 1499.17% 1550.01% 1601.75% 1977.47%
2500.00%

2000.00%
1195.99%
1500.00%

1000.00%
420.28%
500.00%

0.00%
2016
 1500.00%

1000.00%
420.28%
500.00%

0.00%
2016

Rasio Profitabilitas 2016 2017 2018 2019 2020

ROI 4.16% 6.97% 8.47% 7.77% 5.21% 40.00%
ROE 10.07% 12.17% 15.06% 12.47% 8.68%
35.00%
NPM 11.31% 8.39% 10.06% 10.16% 9.98%
30.00%
11.31%
25.00%
20.00%
10.07%
15.00%
10.00%
4.16%
5.00%
0.00%
2016
 Rasio Likuiditas
350.00%
103.37%
300.00%

250.00% 85.81% 90.51%

76.12% 74.04%
189.97%
200.00%
142.48% 134.68% 140.20% 143.48%
150.00%

100.00%

50.00%

0.00%
2016 2017 2018 2019 2020

Current Ratio Quick Ratio

Rata-rata
Rasio Solvabilitas
250.00%
137.73% 137.42%
200.00% 118.71% 125.43%
111.00%
150.00%

100.00%
57.08% 60.04% 53.51% 51.91% 49.67%
50.00%

0.00%
2016 2017 2018 2019 2020

DAR DER

Rata-rata Rasio Aktivitas

3000.00%
1977.47%
2500.00%
1601.75%
1499.17% 1550.01%
2000.00%
1195.99%
1500.00%

1000.00%
420.28% 415.26% 380.54% 469.87% 441.92%
500.00%

0.00%
2016 2017 2018 2019 2020

IO RO
1500.00%

1000.00%
420.28% 415.26% 380.54% 469.87% 441.92%
500.00%

0.00%
2016 2017 2018 2019 2020

IO RO

Rata-rata Rasio Profitabilitas

40.00%
35.00% 10.06%
10.16%
30.00% 8.39%
11.31%
25.00% 15.06% 9.98%
12.17% 12.47%
20.00%
10.07% 8.68%
15.00%
10.00% 8.47% 7.77%
6.97%
4.16% 5.21%
5.00%
0.00%
2016 2017 2018 2019 2020

ROI ROE NPM

 CURRAT ROE

Mean 150.162 Mean 11.69

Standard Error 10.06795133083 Standard Error 1.0927076461707
Median 142.48 Median 12.17
Mode #N/A Mode #N/A
Standard Deviation 22.5126235699 Standard Deviatio2.4433685763716
Sample Variance 506.81822 Sample Variance 5.97005
Kurtosis 4.574606636501 Kurtosis -0.341255346097
Skewness 2.104606459909 Skewness 0.2095316498037
Range 55.29 Range 6.38
Minimum 134.68 Minimum 8.68
Maximum 189.97 Maximum 15.06
Sum 750.81 Sum 58.45
Count 5 Count 5
Largest(2) 143.48 Largest(2) 12.47
Smallest(2) 140.2 Smallest(2) 10.07
Confidence Level(95,0%) 27.95311419186 Confidence Level 3.033842795623

ROE CURRAT DER

Mean 11.69 150.162 126.058

Median 12.17 142.48 125.43
Minimum 8.68 134.68 111
Maximum 15.06 189.97 137.73
Standard Deviation 2.443368576372 22.5126235699 11.688257782921
Skewness 0.209531649804 2.104606459909 -0.196844991971
Kurtosis -0.3412553461 4.574606636501 -2.002171056958
Sample Variance 5.97005 506.81822 136.61537
Range 6.38 55.29 26.73
Sum 58.45 750.81 630.29
Count 5 5 5
Largest(2) 12.47 143.48 137.42
Smallest(2) 10.07 140.2 118.71
Confidence Level(95,0%) 3.033842795623 27.95311419186 14.512888890777
 DER TAT

Mean 126.058 Mean 79.858

Standard Error 5.22714779 Standard Error 4.01120605
Median 125.43 Median 81.31
Mode #N/A Mode #N/A
Standard Deviatio 11.6882578 Standard Deviation 8.96932941
Sample Variance 136.61537 Sample Variance 80.44887
Kurtosis -2.00217106 Kurtosis 0.74284901
Skewness -0.19684499 Skewness -1.0721469
Range 26.73 Range 22.11
Minimum 111 Minimum 65.87
Maximum 137.73 Maximum 87.98
Sum 630.29 Sum 399.29
Count 5 Count 5
Largest(2) 137.42 Largest(2) 86.98
Smallest(2) 118.71 Smallest(2) 77.15
Confidence Level( 14.5128889 Confidence Level(95,0%11.1368934

TAT

79.858
81.31
65.87
87.98
8.969329406371
-1.07214687007
0.742849008854
80.44887
22.11
399.29
5
86.98
77.15
11.13689341192
 SUMMARY OUTPUT
Regression Statistics
R 0.99078132161
R Square 0.98164762725
Adjusted R Square 0.92659050899
Standard Error 0.66201082452
Observations 5

ANOVA
df SS MS F Significance F
Regression 3 23.44194166822 7.8139805561 17.82962 0.17195789189
Residual 1 0.438258331778 0.4382583318
Total 4 23.8802

Coefficients Standard Error t Stat P-value Lower 95%

Intercept -3.06056643322 6.007758360302 -0.5094356746 0.700045 -79.396374165
CURRAT 0.0152597624 0.024345476451 0.6268007297 0.643561 -0.2940788458
DER -0.07593242479 0.049138401847 -1.5452766458 0.365647 -0.7002950191
TAT 0.27587742737 0.062750673823 4.3964058163 0.142382 -0.5214454816

RESIDUAL OUTPUT

Observation Predicted ROE Residuals

1 9.93941516977 0.13058483023
2 12.5558031858 -0.38580318577
3 15.0960885442 -0.03608854422
4 11.9862418342 0.483758165756
5 8.872451266 -0.192451266
 Upper 95% Lower 95,0% Upper 95,0%
73.275241298 -79.396374165 73.275241298
0.3245983706 -0.2940788458 0.3245983706
0.5484301695 -0.7002950191 0.5484301695
1.0732003363 -0.5214454816 1.0732003363
variabel bebas = 3, terikat=1
untuk analisi diskriptif

Tahun CURRAT ROE DER TAT

2016 142.48 10.07 137.73 77.15
2017 134.68 12.17 137.42 86.98
2018 189.97 15.06 118.71 87.98
2019 140.2 12.47 125.43 81.31
2020 143.48 8.68 111 65.87
 untuk analisis regresi
Tahun ROE CURRAT DER TAT
2016 10.07 142.48 137.73 77.15
2017 12.17 134.68 137.42 86.98
2018 15.06 189.97 118.71 87.98
2019 12.47 140.2 125.43 81.31
2020 8.68 143.48 111 65.87
SUMMARY OUTPUT

Regression Statistics
Multiple R 0.6885937237
R Square 0.4741613163
Adjusted R Square 0.298881755
Standard Error 2.0459010187
Observations 5

ANOVA
df SS MS F Significance F
Regression 1 11.32306706496 11.32307 2.705172 0.19857217651
Residual 3 12.55713293504 4.185711
Total 4 23.8802

Coefficients Standard Error t Stat P-value Lower 95% Upper 95%

Intercept 0.4675939459 6.88427906001 0.067922 0.950121 -21.441254513 22.37644
CURRAT 0.0747353262 0.045438973657 1.644741 0.198572 -0.0698717676 0.219342
Lower 95,0%
Upper 95,0%
-21.44125 22.37644
-0.069872 0.219342
Tahun ROE CURRAT
2016 10.07 142.48
2017 12.17 134.68
2018 15.06 189.97
2019 12.47 140.2
2020 8.68 143.48