Analisa Evaluasi Kinerja Keuangan PT. Alfa Retailindo Tbk Dan PT. Hero Supermarket Tbk. Berdasarkan Keputusan Meneg BUMN No.Kep-100/MBU/2002
| Main Authors: | , Amalia Saleha, , Dr. Mamduh M. Hanafi, MBA, |
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| Format: | Thesis NonPeerReviewed |
| Terbitan: |
[Yogyakarta] : Universitas Gadjah Mada
, 2012
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| Subjects: | |
| Online Access: |
https://repository.ugm.ac.id/98168/ http://etd.ugm.ac.id/index.php?mod=penelitian_detail&sub=PenelitianDetail&act=view&typ=html&buku_id=52090 |
Daftar Isi:
- This analysis is purposed to: (1) evaluate and analyze the operation and performance of both companies based on their financial reports. (2) evaluate the financial performance of both companies by referring to Ministry of State Enterprises Decree No. KEP-100/MBU/2002. The evaluation and comparison of the performance is done using financial ratios which cover: liquidity, profitability, leverage, activity ratio, as well as Dupont Analysis. The financial ratio result is analysed to find out the meaning on respective condition of the company. The financial ratios are also compared amongst both companies. The Dupont Analysis is used to figure out which component is the most influence against the RoE, whether profit margin, total assets turnover, and equity multiplier. The result of the research concluded that better in term of liquidity does not mean that the company has better overall financial performance. Higher liquidity in a company may result lower profitability, since high liquidity may refer to a lot non-productive assets available in the company which can be utilized to produce profit. High leverage level will give bad impact to the retail company. While RoE resulted by both companies were mainly influenced by the net profit margin. Level of soundness of a company can be used as one of parameter for the investors in putting their investment in the particular company.