January 15, 2009

RASIO KEUANGAN

Terdiri dari Rasio :

A. Likuiditas (Liquidity)

  1. Net Working Capital (NWC-Modal Kerja Bersih)

Modal Kerja Bersih = Total Current Assets – Total Current Liabilities

NWC 2000 = 1.223.000 – 620.000 = 603.000

Artinya Bartlett Company memiliki kelebihan aktiva lancar dibanding kewajiban lancar sebanyak 603 ribu dolar


  1. Current Ratio (CR_Aktiva Lancar)


CR= Current Assets / Current Liabilities


CR 2000 = 1.223.000 : 620.000 = 1,97 kali

Artinya Bartlett Company memiliki aktiva lancar 1,97 kali kewajiban lancar


  1. Quick (acid-Test) Rasio QR = Current Assets - Inventory / Current Liabilitie

B. Activity (Efficiency) Ratio

1. Inventory Turnover

Cost of Goods Sold

ITO = ----------------------------

Inventories

ITO 2000 = 7,2

Artinya selama satu tahun persediaan berputar sebanyak 7,2 kali.

2. Average Collection Period

Account Receivable

ACP = ---------------------------------

Average Sales per day

Average sales per day = sales revenue : 360

ACP 2000 = 58,9 hari

Artinya Bartlett Company berhasil menagih piutang selama rata-rata 59 hari

3. Average Payment Period

Account Payable

APP = --------------------------------------

Average Purchase Per day

Average Purchase per day = Purchases : 360

Purchases = 70 % Cost of Goods Sold

APP 2000 = 94,1 hari

Artinya Bartlett Company berhasil melunasi pembayaran hutang dagang selama rata-rata 94,1 hari

4. Total Asset Turnover (TATO)

Sales

TATO = ------------------

Total Assets

TATO 2000 = 0,85

Artinya Total Assets Bartlett Company berputar 0,85 kali untuk menjadi Sales dalam satu tahun

C. Solvability (Leverage) Ratio

Meliputi :

  1. Debt Ratio
  2. Times Interest Earned Ratio (TIER)
  3. Fixed Payment Coverage Ratio (FPCR)

D. Profitability Ratio

Meliputi :

1. Gross Profit Margin (GPM)

2. Operating Profit Margin (OPM)

3. Net Profit Margin (NPM)

4. Return on Assets (ROA)

5. Return on Equity (ROE)

6. Earnings Per Share (EPS)

7. Price Earnings Ratio (PER)


METODE PENILAIAN INVESTASI

  • Payback Period
  • Net Present Value
  • Interest Rate Return
  • Profitability Index

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