ANALISIS SIKLUS OPERASI DAN SIKLUS KASPADA PERUSAHAAN ROKOK DENGAN PERUSAHAAN MAKANAN DAN MINUMAN YANG SAHAMNYA TERCATAT DI BURSA EFEK INDONESIA
| Main Author: | Retnaningsih, Nila Siswandya |
|---|---|
| Format: | Thesis NonPeerReviewed Book |
| Bahasa: | eng |
| Terbitan: |
, 2008
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| Subjects: | |
| Online Access: |
http://eprints.umm.ac.id/7569/1/g.pdf http://eprints.umm.ac.id/7569/ |
Daftar Isi:
- The research titled: ”Analysis of Operation cycle and cash cycle to Cigarette Corporation with Food and Beverage Corporation listed in Indonesia Stock Exchange”. The research aimed to find out the condition of operation cycle and cash cycle to cigarette corporation and food and beverage corporation which has faster operation and cash cycles. Hypothesis used in the research was whether any different between operation and cash cycles between cigarette corporation and food and beverage sector and between cigarette sector and food and beverage sector, the faster cycles was cigarette sector. Data analysis technique used was operation equation cycle and cash cycle, the calculation of operation cycle and cash cycle, time series method, bivariate analysis. Operation cycle was get from the stock in days added with credit in day, while cash cylce from operation cycle substract with daily payment. The operation cycle average was found by sum the operation cycle in 5 years, divide with 5 periods; there also cash cycle. The next phase, calculate with time series method found from comparison of operation cycle or cash cycle in a corporation from year to year. Testing tool used for the first hypothesis was bivariate analysis with chi-square test, to test the different and measure the relation between two variables, while the second hypothesis, should be compared the average operation cycle and cash cycles between cigarette corporation with food and beverage corporation The result showed that there were differences between operation and cash cycle between cigarette corporation and food and beverage corporation where PT Aqua Golden Mississippi Tbk in 2002 had the fastest operation and cash cycle for 23,92 days and 3,47 days. Average calculation of operation cycle and cash cycle in 5 years showed that the fastest operation cycle was PT Aqua Golden Mississippi Tbk with average 44,59 days, since the company has small stock, so that there were no passive stock and the payment was done in cash, so that could minimize the operational cost, while the fastest cash cycle was PT. Indofood Sukses Makmur Tbk with average 34,23 days, since the faster credit distribution and slow debt payment so that the corporation could process the existed fund. Time series method showed that in 2002-2003 PT HM. Sampoerna Tbk had faster operation cycle and PT Indofood Sukses Makmur Tbk had faster cash cycle. The research showed that corporation management should process the operation cycle and cash cycle in optimal way. For investor of cigarette sector investment with food and beverage corporation, they should see the ability of organization ability in processing operation cycle and cash cylcle for maximum profit.