ANALISIS HUBUNGAN ARUS KAS DAN PROFITABILITAS SEBAGAI ALAT UKUR KINERJA KEUANGAN PERUSAHAAN (Studi pada Perusahaan Rokok yang Listing di BEI)
| Main Author: | Purwati, Desi |
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| Format: | Thesis NonPeerReviewed |
| Terbitan: |
, 2011
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| Subjects: | |
| Online Access: |
http://eprints.umm.ac.id/14553/ |
Daftar Isi:
- This study is survey study that has main purposes. First, it is aimed to measure the company financial performance viewed from the analysis of cash flow. Second, it is aimed to measure the company performance viewed from the analysis of profitability. The third is to get the empirical proof on the correlation of cash flow and profitability as the measurement tool for company financial performance. The analysis of cash flow is an analysis toward the acceptance and cash expenditure, while profitability ratio is an analysis to measure the company ability in earning profit also to know the effectiveness of company in managing sources it has. Cash is the most liquid assets as the measurement to measure the profit quality. The object of this study is Cigarette Company that is listing in di Bursa Efek Indonesia; it is PT. Gudang Garam Tbk, PT. Brintish American Tobacco Tbk, PT. Bentoel International Investama Tbk dan PT. Hanjaya Mandala Sampoerna Tbk. Analysis used in this study is cash flow ratio and profitability ratio. The analysis on cash flow consists of adequacy and reinvestment, profitability analysis uses ROA calculation (assets return), while to know the correlation on the correlation of cash flow and profitability uses double linear regression test, hypothesis test (t test) and Pearson correlation test. Based on the analysis of cash flow ratio during four periods, it has been known that based on adequacy ratio of company cash flow that has better performance is PT. HMSP, while based on reinvestment ratio, it has been known that better performance of company is PT. BATI. From the result of profitability analysis, it is known that company with better performance is PT. HMSP. Based on the regression and correlation test that influences simultaneously toward profitability is cash flow adequacy that has had by company where the ability of the company creates the cash will determined by the ability of company to earn profit.