Kelompok 4 :Anfi Salis Hidayati
NIM :32192468
Matkul : Manajemen Keuangan
Fakultas/Prodi : Ekonomi Akuntansi (B)
PT INDUSTRI JAMU DAN FARMASI SIDO MUNCUL TBK
Laporan Keuangan Konsolidasian Tahun 2018 dan 2019 “Analisis Rasio Keuangan”
1. Rasio Likuiditas
2018 2019
a. Rasio Lancar Rasio Lancar
𝐴𝑠𝑒𝑡 𝐿𝑎𝑛𝑐𝑎𝑟 𝐴𝑠𝑒𝑡 𝐿𝑎𝑛𝑐𝑎𝑟
Current Ratio=𝐾𝑒𝑤𝑎𝑗𝑖𝑏𝑎𝑛 𝐿𝑎𝑛𝑐𝑎𝑟x100% Current Ratio=𝐾𝑒𝑤𝑎𝑗𝑖𝑏𝑎𝑛 𝐿𝑎𝑛𝑐𝑎𝑟x100%
1.547.666 1.716.235
= 368.380 𝑥100% = 416.211 𝑥100%
=4,21 : 1 atau 421% =4,13 :1 atau 413%
b. Rasio Cepat Rasio Cepat
𝐴𝑠𝑒𝑡 𝑙𝑎𝑛𝑐𝑎𝑟−𝑃𝑒𝑟𝑠𝑒𝑑𝑖𝑎𝑎𝑛 𝐴𝑠𝑒𝑡 𝑙𝑎𝑛𝑐𝑎𝑟−𝑃𝑒𝑟𝑠𝑒𝑑𝑖𝑎𝑎𝑛
Quick Ratio= 𝐾𝑒𝑤𝑎𝑗𝑖𝑏𝑎𝑛 𝑙𝑎𝑛𝑐𝑎𝑟 𝑥100% Quick Ratio= 𝐾𝑒𝑤𝑎𝑗𝑖𝑏𝑎𝑛 𝑙𝑎𝑛𝑐𝑎𝑟 𝑥100%
1.547.666−311.193 1.716.235−299.244
= 𝑥100% = 𝑥100%
368.380 416.211
=3,36 : 1 atau 336% =3,41 : 1 atau 341%
c. Rasio Kas Rasio Kas
𝐾𝑎𝑠+𝐵𝑎𝑛𝑘(𝑒𝑓𝑒𝑘) 𝐾𝑎𝑠+𝐵𝑎𝑛𝑘(𝑒𝑓𝑒𝑘)
Cash Ratio=𝐾𝑒𝑤𝑎𝑗𝑖𝑏𝑎𝑛 𝑙𝑎𝑛𝑐𝑎𝑟 𝑥100% Cash Ratio=𝐾𝑒𝑤𝑎𝑗𝑖𝑏𝑎𝑛 𝑙𝑎𝑛𝑐𝑎𝑟 𝑥100%
805.833+706.434 846.824+706.434
= 𝑥100% = 𝑥100%
368.380 416.211
=4,11 : 1 atau 411% =3,73 : 1 atau 373%
d. Working Capital To Total Assets Ratio Working Capital To Total Assets Ratio
𝐴𝑠𝑒𝑡 𝑙𝑎𝑛𝑐𝑎𝑟−𝐾𝑒𝑤𝑎𝑗𝑖𝑏𝑎𝑛 𝑙𝑎𝑛𝑐𝑎𝑟 𝐴𝑠𝑒𝑡 𝑙𝑎𝑛𝑐𝑎𝑟−𝐾𝑒𝑤𝑎𝑗𝑖𝑏𝑎𝑛 𝑙𝑎𝑛𝑐𝑎𝑟
WCTTAR= 𝑥100% WCTTAR= 𝑥100%
𝑇𝑜𝑡𝑎𝑙 𝐴𝑠𝑒𝑡 𝑇𝑜𝑡𝑎𝑙 𝐴𝑠𝑒𝑡
1.547.666−368.380 1.716.235−416.211
= 𝑥100% = 𝑥100%
3.337.628 3.536.898
=0,35 : 1 atau 35% =0,37 : 1atau 37%
2. Rasio Solvabilitas
2018 2019
a. Total Debt To Total Assets Ratio Total Debt To Total Assets Ratio
𝑇𝑜𝑡𝑎𝑙 𝑢𝑡𝑎𝑛𝑔 𝑇𝑜𝑡𝑎𝑙 𝑢𝑡𝑎𝑛𝑔
TDTTAR= 𝑇𝑜𝑡𝑎𝑙 𝑎𝑠𝑒𝑡 𝑥100% TDTTAR= 𝑇𝑜𝑡𝑎𝑙 𝑎𝑠𝑒𝑡 𝑥100%
435.014 472.191
=3.337.628 𝑥100% =3.536.898 𝑥100%
=0,13 : 1 atau 13% =0,13 : 1 atau 13%
b. Total Debt To Total Equity Ratio Total Debt To Total Equity Ratio
𝑇𝑜𝑡𝑎𝑙 𝐾𝑒𝑤𝑎𝑗𝑖𝑏𝑎𝑛 𝑇𝑜𝑡𝑎𝑙 𝐾𝑒𝑤𝑎𝑗𝑖𝑏𝑎𝑛
TDTER=𝑇𝑜𝑡𝑎𝑙 𝑠ℎ𝑎𝑟𝑒ℎ𝑜𝑙𝑑𝑒𝑟 ′ 𝑠 𝑒𝑞𝑢𝑖𝑡𝑦 𝑥100% TDTER=𝑇𝑜𝑡𝑎𝑙 𝑠ℎ𝑎𝑟𝑒ℎ𝑜𝑙𝑑𝑒𝑟 ′ 𝑠 𝑒𝑞𝑢𝑖𝑡𝑦 𝑥100%
435.014 472.191
= 𝑥100% = 𝑥100%
2.902.614 3.064.707
=0,15 : 1 atau 15% =0,15 : 1 atau 15%
c. Time Interest Earned Ratio Time Interest Earned Ratio
𝐸𝐵𝐼𝑇(𝑙𝑎𝑏𝑎 𝑠𝑒𝑏𝑒𝑙𝑢𝑚 𝑏𝑢𝑛𝑔𝑎 & 𝑝𝑎𝑗𝑎𝑘 𝐸𝐵𝐼𝑇(𝑙𝑎𝑏𝑎 𝑠𝑒𝑏𝑒𝑙𝑢𝑚 𝑏𝑢𝑛𝑔𝑎 & 𝑝𝑎𝑗𝑎𝑘
RKPB= 𝑥100% RKPB= 𝑥100%
𝐵𝑒𝑏𝑎𝑛 𝑏𝑢𝑛𝑔𝑎 𝐵𝑒𝑏𝑎𝑛 𝑏𝑢𝑛𝑔𝑎
867.837 1.073.835
= 2003 𝑥100% = 4651 𝑥100%
=433,27 atau 43327% =230,88 atau 23088%
d. Long Term Debt To Equity Ratio Long Term Debt To Equity Ratio
𝐻𝑢𝑡𝑎𝑛𝑔 𝑗𝑎𝑛𝑔𝑘𝑎 𝑃𝑎𝑛𝑗𝑎𝑛𝑔 𝐻𝑢𝑡𝑎𝑛𝑔 𝑗𝑎𝑛𝑔𝑘𝑎 𝑃𝑎𝑛𝑗𝑎𝑛𝑔
LTDTER= 𝑥100% LTDTER= 𝑥100%
𝑀𝑜𝑑𝑎𝑙 𝑠𝑒𝑛𝑑𝑖𝑟𝑖 𝑀𝑜𝑑𝑎𝑙 𝑠𝑒𝑛𝑑𝑖𝑟𝑖
66.634 55.980
=2.902.614 𝑥100% =3.064.707 𝑥100%
=0,02 atau 2% =0,02 atau 2%
e. Tangible Aset Debt Coverage Tangible Aset Debt Coverage
TAD Coverage TAD Coverage
𝑇𝑜𝑡𝑎𝑙 𝑎𝑠𝑒𝑡−𝑖𝑛𝑡𝑎𝑛𝑔𝑖𝑏𝑙𝑒 𝑎𝑠𝑒𝑡−𝐿𝑖𝑎𝑏𝑖𝑙𝑖𝑡𝑎𝑠 𝑗𝑎𝑛𝑔𝑘𝑎 𝑝𝑒𝑛𝑑𝑒𝑘 𝑇𝑜𝑡𝑎𝑙 𝑎𝑠𝑒𝑡−𝑖𝑛𝑡𝑎𝑛𝑔𝑖𝑏𝑙𝑒 𝑎𝑠𝑒𝑡−𝐿𝑖𝑎𝑏𝑖𝑙𝑖𝑡𝑎𝑠 𝑗𝑎𝑛𝑔𝑘𝑎 𝑝𝑒𝑛𝑑𝑒𝑘
= 𝑥100% = 𝑥100%
𝑙𝑖𝑎𝑏𝑖𝑙𝑖𝑡𝑎𝑠 𝑗𝑎𝑛𝑔𝑘𝑎 𝑝𝑎𝑛𝑗𝑎𝑛𝑔 𝑙𝑖𝑎𝑏𝑖𝑙𝑖𝑡𝑎𝑠 𝑗𝑎𝑛𝑔𝑘𝑎 𝑝𝑎𝑛𝑗𝑎𝑛𝑔
3.337.628−91.366−368.380 3.536.898−91.366−416.211
= 𝑥100% = x100%
66.634 55.980
=43,19 atau 4319% =54,11 atau 5411%
3. Rasio Profitabilitas
2018 2019
a. Net Profit Margin Net Profit Margin
𝐿𝑎𝑏𝑎 𝑏𝑒𝑟𝑠𝑖ℎ 𝐿𝑎𝑏𝑎 𝑏𝑒𝑟𝑠𝑖ℎ
Margin laba atau Penjualan= 𝑃𝑒𝑛𝑗𝑢𝑎𝑙𝑎𝑛 𝑥100% Margin laba atau Penjualan= 𝑃𝑒𝑛𝑗𝑢𝑎𝑙𝑎𝑛 𝑥100%
824.331 1.024.244
=2.763.292 𝑥100% =3.067.434 𝑥100%
=0,30 atau 30% =0,33 atau 33%
b. Return On Asset Return On Asset
𝐿𝑎𝑏𝑎 𝑏𝑒𝑟𝑠𝑖ℎ 𝐿𝑎𝑏𝑎 𝑏𝑒𝑟𝑠𝑖ℎ
ROA= 𝑡𝑜𝑡𝑎𝑙 𝑎𝑠𝑒𝑡 𝑥100% ROA= 𝑡𝑜𝑡𝑎𝑙 𝑎𝑠𝑒𝑡 𝑥100%
824.331 1.024.244
= 𝑥100% = 𝑥100%
3.337.628 3.536.898
=0,25 atau 25% =0,29 atau 29%
c. Return On Equity Return On Equity
𝐿𝑎𝑏𝑎 𝑏𝑒𝑟𝑠𝑖ℎ 𝐿𝑎𝑏𝑎 𝑏𝑒𝑟𝑠𝑖ℎ
ROE=𝐸𝑘𝑢𝑖𝑡𝑎𝑠 𝑏𝑖𝑎𝑠𝑎 𝑥100% ROE=𝐸𝑘𝑢𝑖𝑡𝑎𝑠 𝑏𝑖𝑎𝑠𝑎 𝑥100%
824.331 1.024.244
=2.902.614 𝑥100% =3.064.707 𝑥100%
=0,28 atau 28% =0,33 atau 33%
d. Return On Investment Return On Invesment
𝐸𝑎𝑟𝑛𝑖𝑛𝑔 𝑎𝑓𝑡𝑒𝑟 𝑖𝑛𝑡𝑒𝑟𝑒𝑠𝑡 𝑎𝑛𝑑 𝑡𝑎𝑥 𝐸𝑎𝑟𝑛𝑖𝑛𝑔 𝑎𝑓𝑡𝑒𝑟 𝑖𝑛𝑡𝑒𝑟𝑒𝑠𝑡 𝑎𝑛𝑑 𝑡𝑎𝑥
ROI= 𝑥100% ROI= 𝑥100%
𝑇𝑜𝑡𝑎𝑙 𝑎𝑠𝑒𝑡 𝑇𝑜𝑡𝑎𝑙 𝑎𝑠𝑒𝑡
824.331 1.024.244
=3.337.628 𝑥100% =3.536.898 𝑥100%
=0,25 atau 25% =0,29 atau 29%
4. Rasio Aktivitas Usaha
2018 2019
a. Inventory Turnover Inventory Turnover
𝑃𝑒𝑛𝑗𝑢𝑎𝑙𝑎𝑛 𝑏𝑒𝑟𝑠𝑖ℎ 𝑃𝑒𝑛𝑗𝑢𝑎𝑙𝑎𝑛 𝑏𝑒𝑟𝑠𝑖ℎ
Rasio Perputaran Persediaan= 𝑃𝑒𝑟𝑠𝑒𝑑𝑖𝑎𝑎𝑛 𝑥100% Rasio Perputaran Persediaan= 𝑃𝑒𝑟𝑠𝑒𝑑𝑖𝑎𝑎𝑛 𝑥100%
2.763.292 3.067.434
= 311.193 𝑥100% = 299.244 x100%
=8,88 atau 888% =10,25 atau 1025%
b. Days Sales Outstanding Days Sales Outstanding
𝑃𝑖𝑢𝑡𝑎𝑛𝑔 𝑃𝑖𝑢𝑡𝑎𝑛𝑔
DSO=𝑅𝑎𝑡𝑎 𝑟𝑎𝑡𝑎 𝑝𝑒𝑛𝑗𝑢𝑎𝑙𝑎𝑛 𝑝𝑒𝑟ℎ𝑎𝑟𝑖 𝑥100%= DSO=𝑅𝑎𝑡𝑎 𝑟𝑎𝑡𝑎 𝑝𝑒𝑛𝑗𝑢𝑎𝑙𝑎𝑛 𝑝𝑒𝑟ℎ𝑎𝑟𝑖 𝑥100%=
𝑃𝑖𝑢𝑡𝑎𝑛𝑔 𝑃𝑖𝑢𝑡𝑎𝑛𝑔
𝑥100% 𝑥100%
𝑃𝑒𝑛𝑗𝑢 𝑇𝑎ℎ𝑢𝑛𝑎𝑛/365 𝑃𝑒𝑛𝑗𝑢 𝑇𝑎ℎ𝑢𝑛𝑎𝑛/365
408.993 526.405
=7570,66x100% =8403,93 𝑥100%
=54,02 atau 5402% =63 atau 63%
c. Fix Assets Turnover Fix Assets Turnover
𝑃𝑒𝑛𝑗𝑢𝑎𝑙𝑎𝑛 𝑃𝑒𝑛𝑗𝑢𝑎𝑙𝑎𝑛
Rasio Perputaran Aset Tetap=𝐴𝑠𝑒𝑡 𝑇𝑒𝑡𝑎𝑝 𝐵𝑒𝑟𝑠𝑖ℎ 𝑥100% Rasio Perputaran Aset Tetap=𝐴𝑠𝑒𝑡 𝑇𝑒𝑡𝑎𝑝 𝐵𝑒𝑟𝑠𝑖ℎ 𝑥100%
2.763.292 3.067.434
=1.553.362 𝑥100% =1.593.059 𝑥100%
=1,78 atau 178% =1,93 atau 193%
d. Total Aset Turnover Total Aset Turnover
𝑃𝑒𝑛𝑗𝑢𝑎𝑙𝑎𝑛 𝑃𝑒𝑛𝑗𝑢𝑎𝑙𝑎𝑛
Rasio Perputaran Total Aset= 𝑇𝑜𝑡𝑎𝑙 𝐴𝑠𝑒𝑡 𝑥100% Rasio Perputaran Total Aset= 𝑇𝑜𝑡𝑎𝑙 𝐴𝑠𝑒𝑡 𝑥100%
3.067.434
2.763.292 =3.536.898 𝑥100%
= 𝑥100%
3.337.628 = 0,87 atau 87%
= 0,83 atau 83%
5. Rasio Nilai Pasar
2018 2019
a. Price to Earning Ratio Price to Earning Ratio
𝐻𝑎𝑟𝑔𝑎 𝑝𝑒𝑟 𝑠𝑎ℎ𝑎𝑚 𝐻𝑎𝑟𝑔𝑎 𝑝𝑒𝑟 𝑠𝑎ℎ𝑎𝑚
Price of Earning= 𝐿𝑎𝑏𝑎 𝑝𝑒𝑟 𝑠𝑎ℎ𝑎𝑚 𝑥100% Price of Earning= 𝐿𝑎𝑏𝑎 𝑝𝑒𝑟 𝑠𝑎ℎ𝑎𝑚 𝑥100%
420 635
=44,6 𝑥100% =54,3 𝑥100%
=9,42 atau 942% =11,69 atau 1169%
b. Price to Cash Flow Price to Cash Flow
𝐻𝑎𝑟𝑔𝑎 𝑝𝑒𝑟 𝑠𝑎ℎ𝑎𝑚 𝐻𝑎𝑟𝑔𝑎 𝑝𝑒𝑟 𝑠𝑎ℎ𝑎𝑚
Rasio Harga /Arus Kas=𝐴𝑟𝑢𝑠 𝑘𝑎𝑠 𝑝𝑒𝑟 𝑠𝑎ℎ𝑎𝑚 𝑥100% Rasio Harga /Arus Kas=𝐴𝑟𝑢𝑠 𝑘𝑎𝑠 𝑝𝑒𝑟 𝑠𝑎ℎ𝑎𝑚 𝑥100%
420 635
=1.500.000 𝑥100% =1.500.000 𝑥100%
=2,8x10−4 atau 0,028% =4,23x10−4 atau 0,423%
c. Rasio Nilai Pasar/Nilai Buku Rasio Nilai Pasar/Nilai Buku
Langkah 1 Langkah 1
𝐸𝑘𝑢𝑖𝑡𝑎𝑠 𝑏𝑖𝑎𝑠𝑎 𝐸𝑘𝑢𝑖𝑡𝑎𝑠 𝑏𝑖𝑎𝑠𝑎
Nilai Buku Per Saham=𝐽𝑢𝑚𝑙𝑎ℎ 𝑆𝑎ℎ𝑎𝑚 𝐵𝑒𝑟𝑒𝑑𝑎𝑟 𝑥100% Nilai Buku Per Saham=𝐽𝑢𝑚𝑙𝑎ℎ 𝑆𝑎ℎ𝑎𝑚 𝐵𝑒𝑟𝑒𝑑𝑎𝑟 𝑥100%
2.902.614 3.064.707
=15.000.000.000 𝑥100% =15.000.000.000x100%
=1,94x10−4 atau 0,0194% =2,04x10−4 atau 0,0204%
Langkah 2
𝐻𝑎𝑟𝑔𝑎 𝑝𝑎𝑠𝑎𝑟 𝑝𝑒𝑟 𝑠𝑎ℎ𝑎𝑚 Langkah 2
Rasio Nilai Buku= 𝑁𝑖𝑙𝑎𝑖 𝑏𝑢𝑘𝑢 𝑝𝑒𝑟 𝑠𝑎ℎ𝑎𝑚 𝑥100%
𝐻𝑎𝑟𝑔𝑎 𝑝𝑎𝑠𝑎𝑟 𝑝𝑒𝑟 𝑠𝑎ℎ𝑎𝑚
840 Rasio Nilai Buku= 𝑁𝑖𝑙𝑎𝑖 𝑏𝑢𝑘𝑢 𝑝𝑒𝑟 𝑠𝑎ℎ𝑎𝑚 𝑥100%
=0,000194 𝑥100%
1275
=4.329.896,91 atau 432.989.691% =0,000204 𝑥100%
=6.250.000 atau 625.000.000%
Kesimpulan :
Menurut analisis Time Series Anlisis yang membandingkan rasio perusaan itu sendiri dari tahun
ke tahun, secara keseluruhan kinerja PT Sido Muncul tahun 2019 lebih kuat dari tahun 2018.
Terlepas dari kondisi perekonomian yang menantang, Direksi berhasil menjaga keberlanjutan
pertumbuhan usaha yang positif dengan kinerja keuangan yang sangat sehat. Hal ini dapat
dibuktikan dengan peningkatan Ratio tiap tahunnya.
