Data: Perhitungan ratio

A. Common Size Statement

TAHUN 2016, 2017 dan 2018

PT SIANTAR TOP Tbk DAN ENTITAS ANAK

LAPORAN POSISI KEUANGAN KONSOLIDASIAN
(Disajikan dalam Rupiah)
2018 2017 2016 2018 2017 2016
ASET
ASET LANCAR
Kas dan setara kas 2,44% 2,99% 1,06%
64.106.808.475 69.954.867.440 24.759.150.419
Investasi jangka pendek 13,12% 7,02% 8,46%
345.143.161.701 164.534.645.272 197.805.040.828
Piutang usaha

Pihak ketiga, neto setelah

dikurangi cadangan
penurunan nilai
sebesar Rp
8.788.133.175 pada
tahun 2017 dan
Rp 1.879.660.860 pada
tahun 6,02% 5,23% 4,96%
2016 158.456.254.158 122.580.584.762 116.018.096.040
Pihak berelasi 10,03% 10,58% 10,49%
263.919.643.957 247.714.130.353 245.124.355.650
Piutang lain-lain

Pihak ketiga, neto setelah

dikurangi cadangan
penurunan
nilai sebesar Rp
113.479.066 pada 0,00% 0,78% 0,41%
tahun 2017 21.971.963.624 18.217.201.244 9.549.527.843
Pihak berelasi 0,00% 0,01% 0,01%
4.135.871 325.000.000 325.000.000
Persediaan, neto setelah
dikurangi
cadangan penurunan nilai
sebesar Rp 2.709.606.207
pada tahun 2017 dan Rp
2.577.574.706 pada tahun 11,91% 12,77% 11,98%
2016 313.291.338.820 299.078.174.645 279.955.459.843
Pajak dibayar di muka 0,16% 0,50% 0,44%
4.272.154.627 11.743.287.958 10.307.580.937
Biaya dibayar di muka 0,30% 0,35% 0,23%
7.895.139.093 8.157.528.085 5.316.319.393
Uang muka, lancar 71.746.222.592 5.680.630.608 31.333.675.089 2,73% 0,24% 1,34%
Jumlah Aset Lancar 47,54% 40,47% 39,38%
1.250.806.822.918 947.986.050.367 920.494.206.042
ASET TIDAK LANCAR

Piutang lain-lain - pihak 0,80% 0,84% 0,83%

berelasi 20.997.450.000 19.644.600.000 19.419.850.000
Uang muka, tidak lancar 6,79% 7,69% 9,48%
178.635.676.344 180.118.610.882 221.585.560.893
Investasi pada entitas 0,33% 0,00% 0,00%
asosiasi 8.749.718.464 - -
Taksiran tagihan pajak 0,04% 0,02% 0,00%
penghasilan 1.117.994.000 533.322.000 116.321.000
Aset pengampunan pajak 1,01% 1,13% 1,16%
26.570.278.000 26.570.278.000 27.099.004.100
Properti investasi, neto
setelah
dikurangi akumulasi
penyusutan sebesar Rp
2.422.865.646 pada tahun
2017 dan Rp 2.083.617.786 1,54% 1,61% 1,62%
pada tahun 2016 40.481.811.912 37.656.473.492 37.857.721.352
Aset tetap, neto setelah
dikurangi
akumulasi penyusutan
sebesar Rp
638.374.752.625 pada
tahun 2017 dan Rp
571.760.172.634 41,66% 48,06% 47,37%
pada tahun 2016 1.096.143.561.950 1.125.768.977.479 1.107.152.196.056
Beban ditangguhkan, hak
0,04%
atas tanah 1.090.419.047
Aset lain-lain, neto 0,25% 0,18% 0,15%
6.596.077.395 4.154.130.976 3.482.335.612
Jumlah Aset Tidak Lancar 52,46% 59,53% 60,62%
1.380.382.987.112 1.394.446.392.829 1.416.712.989.013
JUMLAH ASET 100,00%
2.631.189.810.030 2.342.432.443.196 2.337.207.195.055 100% 100%
LIABILITAS DAN EKUITAS

LIABILITAS JANGKA PENDEK

Utang bank 18.598.095.933 20.085.487.830 6.771.630.607 0,71% 0,86% 0,29%

Utang usaha, Pihak ketiga 232.453.396.104 191.057.166.317 191.716.507.632 8,83% 8,16% 8,20%

Utang lain-lain

Pihak ketiga 38.760.736.070 34.651.593.554 31.940.610.025 1,47% 1,48% 1,37%

Pihak berelasi 6.377.000.000 10.175.791.350 4.878.631.350 0,24% 0,43% 0,21%

Utang pajak 3.804.791.041 31.185.152.877 12.149.249.829 0,14% 1,33% 0,52%

Beban yang masih harus

dibayar 53.663.959.436 45.254.264.467 48.232.675.878 2,04% 1,93% 2,06%

Pendapatan diterima di muka 440.933.333 1.310.104.333 2.931.477.066 0,02% 0,06% 0,13%

Uang muka penjualan 22.883.882.942 16.618.464.539 4.122.648.637 0,87% 0,71% 0,18%

Pinjaman jangka panjang

yang jatuh
tempo dalam satu tahun

Utang bank jangka panjang - 8.625.412.227 40.352.487.874 0,37% 1,73%

Utang obligasi 299.690.770.049 - 214.452.093.850 11,39% 0,00% 9,18%

Jumlah Liabilitas Jangka

Pendek 676.673.564.908 358.963.437.494 557.548.012.748 25,72% 15,32% 23,86%

LIABILITAS JANGKA
PANJANG

Liabilitas pajak tangguhan,

neto 34.190.909.530 23.773.818.194 18.298.901.345 1,30% 1,01% 0,78%

Pinjaman jangka panjang

setelah
dikurangi bagian yang jatuh
tempo dalam satu tahun

Utang bank jangka panjang 14.687.647.768 50.011.725.558 0,63% 2,14%

Utang obligasi 199.383.242.197 498.298.611.105 497.601.329.086 7,58% 21,27% 21,29%

Liabilitas diestimasi atas

imbalan
kerja 71.886.588.749 58.829.749.764 43.735.088.648 2,73% 2,51% 1,87%

Jaminan pelanggan 2.667.557.694 3.107.110.511 1.500.000.000 0,10% 0,13% 0,06%

Jumlah Liabilitas Jangka

Panjang 308.128.298.170 598.696.937.342 611.147.044.637 11,71% 25,56% 26,15%

Jumlah Liabilitas 984.801.863.078 957.660.374.836 1.168.695.057.385 37,43% 40,88% 50,00%

EKUITAS

Ekuitas yang dapat

diatribusikan
kepada pemilik entitas induk
Modal saham – nilai nominal
Rp 100 per saham
Modal dasar – 3.000.000.000
saham
Modal ditempatkan dan
disetor
penuh – 1.310.000.000
saham 131.000.000.000 131.000.000.000 131.000.000.000 4,98% 5,59% 5,60%

Tambahan modal disetor 1.347.146.100 1.347.146.100 1.347.146.100 0,05% 0,06% 0,06%

Saldo laba 1.502.876.626.810 1.247.680.784.928 1.031.314.985.585 57,12% 53,26% 44,13%

Komponen ekuitas lainnya (4.658.375.387) (7.815.367.960) (7.630.186.815) -0,18% -0,33% -0,33%

Sub-jumlah 1.630.565.397.523 1.372.212.563.068 1.156.031.944.870 61,97% 58,58% 49,46%

Kepentingan non-pengendali 15.822.549.429 12.559.505.292 12.480.192.800 0,60% 0,54% 0,53%

Jumlah Ekuitas 1.646.387.946.952 1.384.772.068.360 1.168.512.137.670 62,57% 59,12% 50,00%

JUMLAH LIABILITAS DAN

EKUITAS 2.631.189.810.030 2.342.432.443.196 2.337.207.195.055 100,00% 100,00% 100,00%

PT SIANTAR TOP Tbk DAN ENTITAS ANAK

LAPORAN LABA RUGI DAN PENGHASILAN KOMPREHENSIF LAIN KONSOLIDASIAN
Untuk tahun-tahun yang berakhir pada tanggal 31 Desember 2017 dan 2016

(Disajikan dalam Rupiah) Ket : Untuk tahun 2018 dalam jutaan rupiah

2018 2017 2016 2018 2017 2016

PENJUALAN NETO 2.826.957,3 2.825.409.180.889 2.629.107.367.897 100,00% 100,00% 100,00%

BEBAN POKOK (2.212.225,8 (2.211.949.522.001 (2.079.869.989.276 -78.26% -78,29% -79,11%

PENJUALAN ) ) )
LABA KOTOR 614.731,5 613.459.658.888 549.237.378.621 21,75% 21,71% 20,89%

Pendapatan lain-lain 53,5 63.768.403.644 28.584.192.401 0,002% 2,26% 1,09%

Beban penjualan (270.062,5) (187.164.072.650) (171.366.741.442) -9,56% -6,62% -6,52%

Beban umum dan (100.764.758.001) (95.718.817.551) -3,57% -3,64%

administrasi
Beban keuangan (71.977.480.135) (86.645.961.692) -2,55% -3,30%

Beban lain-lain (2.110,9) (28.775.932.143) (6.343.741.797) -0,075% -1,02% -0,24%

LABA SEBELUM 324.694,7 11,49% 10,21% 8,28%
TAKSIRAN BEBAN PAJAK 288.545.819.603 217.746.308.540

TAKSIRAN BEBAN PAJAK (69.605,8) (72.521.739.769) (43.569.590.674) -2,57% -1,66%

LABA TAHUN BERJALAN 255.195,8 216.024.079.834 174.176.717.866 9,03% 7,65% 6,62%

PENGHASILAN
KOMPREHENSIF LAIN
POS-POS YANG TIDAK
AKAN DIREKLASIFIKASI
KE LABA RUGI
Kerugian aktuaria (2.230.037.584) (2.617.466.450) -0,08% -0,10%

Pajak penghasilan 0,02% 0,02%

terkait pos-pos
yang tidak akan 446.007.517 523.493.290
direklasifikasi ke laba
rugi
Sub-jumlah (1.784.030.067) (2.093.973.160) -0,06% -0,08%

POS-POS YANG AKAN

DIREKLASIFIKASI KE
LABA RUGI
Selisih kurs karena 0,08% -0,06%
penjabaran laporan 2.131.798.562 (1.596.802.701)
keuangan
Pajak penghasilan -0,02% 0,01%
terkait pos-pos
(532.949.640) 319.360.540
yang akan direklasifikasi
ke laba rugi
Sub-jumlah 1.598.848.922 (1.277.442.161) 0,06% -0,05%

JUMLAH PENGHASILAN -0,01% -0,13%

KOMPREHENSIF LAIN (185.181.145) (3.371.415.321)

JUMLAH PENGHASILAN 7,64% 6,50%

KOMPREHENSIF TAHUN 215.838.898.689 170.805.302.545
BERJALAN
Jumlah laba (rugi) tahun
berjalan yang dapat
diatribusikan kepada:
Pemilik entitas induk 216.365.799.343 174.472.320.062 7,66% 6,64%

Kepentingan non- (341.719.509) (295.602.196) -0,01% -0,01%

pengendali
JUMLAH LABA TAHUN 255.195,8 216.024.079.834 174.176.717.866 9,03% 7,65% 6,62%
BERJALAN
B. FINANCIAL RATIO
TAHUN 2016
a. Ratio Likuiditas
1. Current Ratio
2. Add test (quick) ratio
920.494 .206 .042−279.955 .459 .834
557.548 .012.748
3. Average Collection Period =
4. A/R Turnover
5. Inventory Turnover
b. Ratio capital Structure
1. Debt ratio
2. Time Interest Earned
c. Asset Management Efficiency
1. Total Asset Turnover
2. Fixed Asset Turnover
d. Profitability Ratios
1. Gross Profit Margin
Current Assets 920.494 .206 .042
= =
Current Liabilities 557.548 .012.748
= 1,65 times
Current Assets−Inventory
= =
Current Liabilities
= 1,15 times
361.142.451 .690
Account Receivable
= 2.629 .107 .367 .897
Annual Credit Sales /365
365
= 50,14 days
Annual Credit Sales 2.629.107 .367 .897
= =
Account Receivable 361.142 .451.690
= 7,28 per years
COGS ( 2.079.869 .989 .276 )
= =
Inventories 279.955 .459 .834
= 7,43 per years
Total Liabilities 1.168.695 .057 .385
= =
Total Assets 2.337 .207 .195.055
= 0,50 = 50 %
EBIT 217.746 .308.540
= =
Interest Expense 0
=0
Sales 2.629.107 .367 .897
= =
Total Asset 2.337 .207 .195.055
= 1,13 times
Sales 2.629.107 .367 .897
= =
Net PPE 1.107 .152.196 .056
= 2,38 times
Gross Profit 549.237 .378 .621
= =
Sales 2.629.107 .367 .897
= 0,21 = 21 %

2. Operating Profit Margin
3. Net Profit Margin
4. Operating return on Assets
5. Return on Equity
Du Pont Method
Return on Equity
e. Market Value Ratios
1. Price earnings ratio
2. Market to book ratio
TAHUN 2017
a. Rasio Likuiditas
1. Current Ratio
Current Assets−Inventory
2. Add Test (quick ratio)
947.986 .050 .367−299.078 .174 .645
358.963 .437 .494
EBIT 217.746 .308.540
= =
Sales 2.629.107 .367 .897
= 0,083 = 8,3 %
Net Income 174.176.717 .866
= =
Sales 2.629.107 .367 .897
= 0,066 = 6,6%
EBIT 217.746 .308.540
= =
Total Assets 2.337 .207 .195.055
= 0,093 =9,3%
Net Income 174.176 .717.866
= =
Common Equity 131.000 .000.000
= 1, 33 = 133%
= Profitability x Efficiency x Equity Multiplier
= Net Profit Margin x Total Asset Turnover x Equity Multiplier
Net Income Sales 1
= x x
Sales Total Assets 1−Debt Ratios
174.176.717 .866 2.629.107 .367 .897 1
= x x
2.629.107 .367 .897 2.337 .207 .195.055 1−0 , 50
= 0,066 x ,1,13 x 2
= 0,1496 = 14,96%
Market Price per Share 3.190
= =
Earnings per Share 133 ,18
= 23,95 times
Market Price per Share 3.190
= =
Book Value per Share 100
= 31,9 times
Current Asset 947.986 .050 .367
= =
Current Liabilities 358.963.437 .494
= 2,64 times
= =
Current Liabilites
 648.907 .875 .722
=
358.963.437 .494

= 1,80 times

Accounts Rceivable 370.294 .715 .115

3. Average Collection Period = =
Annual Credit Sales /365 days 2.825.409 .180 .889/365

= 47,83 days

Annual Credit Sales 2.825.409 .180 .889

4. A/R Turnover = =
Accounts Rceivables 370.294 .715 .115
= 7,63 per years

Cost Of Goods Sold 2.211.949.522 .001

5. Inventory Turnover = =
Inventories 299.078 .174 .645
= 7,39 per years

b. Ratio Capital Structure

Total Liabilities 957.660 .374 .836
1. Debt Ratio = =
Total Assets 2.342.432 .443 .196
= 40,88%

Operating Income 288.545.819 .603

2. Time Interest Earned = =
Interest Expenses 2.332 .862.652
= 123,68 times

c. Asset management Efficiency Ratio

Sales 2.825.409 .180 .889
1. Total Asset Turnover = = = 1,12 times
Total Assets 2.342.432 .443 .196

Sales 2.825 .409.180 .889

2. Fixed Assets Turnover = = = 2,50 times
Net Plant∧Equipment 1.125.768 .977 .479

d. Profitability Ratio
Gross Profit 613.459.658 .888
1. Gross Profit Margin = = = 21,71%
Sales 2.825.409 .180 .889
 Operating Income 288.545.819 .603
2. Operating Profit Margin = = = 10,21%
Sales 2.825.409 .180 .889

Net Income 216.024 .079 .834

3. Net profit Margin = = = 7,6%
Sales 2.825.409 .180 .889

Operating Income 288.545 .819 .603

4. Operating return on assets = = = 12,31%
Total Assets 2.342.432 .443 .196

Net Income 216.024 .079 .834

5. Return On Equity = = = 164,90%
Common Equity 131.000 .000 .000

Du Pont Method
Return on Equity = Profitability x Efficiency x Equity Multiplier
= Net Profit Margin x Total Asset Turnover x Equity Multiplier
Net Income Sales 1
= x x
Sales Total Assets 1−Debt Ratios
216.024 .079 .834 2.825.409 .180 .889 1
= x x
2.825.409 .180 .889 2.342.432 .443 .196 1−0 , 41
= 7,6% x 1,12 x 1,695
= 0,1443 = 14,43 %

e. Market Value Ratio

Market Price Share 4.360
1. Price earnings ratio = = = 26,39 times
Earnings per Share 165 ,16

Market Price Share 4.360

2. Market to book ratio = = = 43,6 times
Book Value per Share 100

TAHUN 2018
a. Ratio Likuiditas
Current Assets 1.250.806 .822 .918
1. Current Ratio = =
Current Liabilities 676.673 .564 .908
= 1,85 times

Current Assets−Inventory
2. Add test (quick) ratio = =
Current Liabilities
1.250.806 .822 .918−313.291.338 .820
676.673 .564 .908
 = 1,39 times

488.793 ,5
Account Receivable
3. Average Collection Period = = 2.826 .957 , 3
Annual Credit Sales /365
365
= 63,11 days

Annual Credit Sales 488.793 , 5

4. A/R Turnover = =
Account Receivable 2.826 .957 ,3
= 0,17 per years

5. Inventory Turnover
b. Ratio capital Structure
1. Debt ratio
COGS 2.212.225 , 8
= =
Inventories 313.291, 3
= 7,06 per years
Total Liabilities 984.801.863 .078
= =
Total Assets 2.631.189 .810 .030

= 0,374 = 37,4%
EBIT 324.694 , 7
2. Time Interest Earned = =
Interest Expense 29.206 , 3
= 11,12 times
c. Asset Management Efficiency
Sales 2.826 .957 ,3
1. Total Asset Turnover = =
Total Asset 2.631.189 , 8
= 1,07 times
Sales 2.826 .957 ,3
2. Fixed Asset Turnover = =
Net PPE 1.096 .143 ,6
= 2,58 times

d. Profitability Ratio
Gross Profit 614.731 ,5
1. Gross Profit Margin = = = 21,75%
Sales 2.826 .957 ,3
Operating Income 324.694 ,7
2. Operating Profit Margin = = = = 11,49%
Sales 2.826 .957 ,3

Net Income 255.195 ,8

3. Net profit Margin = = = = 9,03%
Sales 2.826 .957 ,3

Operating Income 324.694 ,7

4. Operating return on assets = = = 12,34%
Total Assets 2.631.189 , 8
 Net Income 255.195 ,8
5. Return On Equity = = = 194,81%
Common Equity 131.000

Du Pont Method
Return on Equity = Profitability x Efficiency x Equity Multiplier
= Net Profit Margin x Total Asset Turnover x Equity Multiplier
Net Income Sales 1
= x x
Sales Total Assets 1−Debt Ratios
255.195 ,8 2.826 .957 ,3 1
= x x
2.826 .957 ,3 2.631.189 , 8 1−37 , 4 %
= 9,03% x 1,07 x 1,5975
= 0,1544 = 15,44%

e. Market Value Ratio

Market Price Share 3.750
1. Price earnings ratio = = = 50,05 times
Earnings per Share 194 , 81

Market Price Share 3.750

2. Market to book ratio = = = 37,5 times
Book Value per Share 100

Nama Rasio Jenis 2016 2017 2018

Rasio Likuiditas Current Ratio 1,65 times 2,64 times 1,85 times
Add Test (quick) 1,15 times 1,80 times 1,39 times
Ratio
Average Collection 50,14 days 47,83 days 63,11 days
Period
A/R Turnover 7,28 per years 7,63 per years 0,17 per years
Inventory Turnover 7,43 per years 7,39 per years 7,06 per years
Rasio Capital Debt Ratio 50 % 40,88% 37,4%
Structure Time Interest 0 123,68 times 11,12 times
Earned
Asset management Total Asset Turnover 1,13 times 1,12 times 1,07 times
Efficiency Ratio Fixed Asset Turnover 2,38 times 2,50 times 2,58 times
Profitability Ratio Gross Profit Margin 21 % 21,71% 21,75%

Operating Profit 8,3 % 10,21% 11,49%

Margin
Net profit Margin 6,6% 7,6% 9,03%
Operating return on 9,3% 12,31% 12,34%
assets
Return On Equity 133% 164,90% 194,81%

Du pont Method 14,96% 14,43% 15,44%

Market Value Ratio Price earnings ratio 23,95 times 26,39 times 50,05 times
Market to book ratio 31,9 times 43,6 times 37.5 times