modul vi perencanaan keuangan ii
TRANSCRIPT
8/18/2019 Modul Vi Perencanaan Keuangan II
http://slidepdf.com/reader/full/modul-vi-perencanaan-keuangan-ii 1/12
MODUL VI PERENCANAAN KEUANGAN II
VI. 1 PERFORMA NERACA PERUSAHAAN
Tabel VI.1 Performa Neraca Perusahaa
2017 2018 2019
AKTIVA
Currents Asset
!al"o Kas A#h$r R% &'(.(&).*+, R% 1.-(+.,*1.- R% 1.+),.(+&.,*+
Perse"$aa A#h$r /ara0
a"$ R% ,'.)&(.-1' R% &.(**.&& R% 1(,.1-.++'
Tot! Currents Asset R" 98#.988.8$9 R" 1.28#.%28.7$0 R" 1.$90.222.007
F&'e( ) Intn*&+!e AssetsMes$ R% +.,*.,(( R% +.,*.,(( R% +.,*.,((
Perala2a R% ),(.((( R% ),(.((( R% ),(.(((
Ke"araa R% -.(((.((( R% -.(((.((( R% -.(((.(((
/a0ua R% 1&(.(((.((( R% 1&(.(((.((( R% 1&(.(((.(((
Perala2a Ka2or R% 1-(.((( R% 1-(.((( R% 1-(.(((
!IUP R% ,.((( R% ,.((( R% ,.(((
Mer# Da0a0 R% *.*((.((( R% *.*((.((( R% *.*((.(((
A#umulas$ De%res$as$
/a0ua R% 3+.,(.(((4 R% 3&.,((.(((4 R% 31+.-,(.(((4
A#umulas$ De%res$as$Perala2a R% 3',,.'((4 R% 31(.*((4 R% 31.(*,.&((4
A#umulas$ De%res$as$
Mes$ R% 3'(.(((4 R% 31.+*(.(((4 R% 3-.1&(.(((4
A#umulas$ De%res$as$
Perala2a Ka2or R% 31-.(((4 R% 3-+.(((4 R% 3'*.(((4
A#umulas$ De%res$as$
Ke"araa R% 3-.((.(((4 R% 3,.+((.(((4 R% 3).1((.(((4
A#umulas$ Amor2$sas$ Mer#
Da0a0 R% 3-.-((.(((4 R% 3+.+((.(((4 R% 3*.*((.(((4
A#umulas$ Amor2$sas$ !IUP R% 31,.(((4 R% 3'(.(((4 R% 3+,.(((4
Tot! F&'e( ) Intn*&+!eAssets R" 218.,$9.200 R" 207.%9%.900 R" 19%.9#,.%00
Tot! Assets R"1.202.,,8.0$9 R"1.,91.#2$.%$0 R" 1.787.1$%.%07
PASSIVA
-&+&!&t&es
Kre(&t n/ R" $2.098.1%$ R" 27.022.,#0 R" 0
Tot! -&+&!&t&es R" $2.098.1%$ R" 27.022.,#0 R" 0
C"&t!
Mo"al A5al R% *).'(.(1( R% *).'(.(1( R% *).'(.(1(
Laba "$2aha R% +-.(+-.))+ R% '1'.&,'.'- R% '--.),'.')
A#umulas$ laba "$2aha R% +-.(+-.))+ R% ),.&&*.-11 R% 1.1().)+&.,&)
8/18/2019 Modul Vi Perencanaan Keuangan II
http://slidepdf.com/reader/full/modul-vi-perencanaan-keuangan-ii 2/12
8/18/2019 Modul Vi Perencanaan Keuangan II
http://slidepdf.com/reader/full/modul-vi-perencanaan-keuangan-ii 3/12
%e"e#. N$la$ current ratio 7a0 "$%eroleh meru%a#a has$l "ar$ a#2$;a lacar "$ba0$
"e0a hu2a0 lacar.
2. Quick RatioTabel VI.' Quick Ratio
Tahun 2017 2018 2019
Aktiva %ancar $&!r'!iaan
Rp930.098.645
Rp1.204.561.772
Rp1.485.049.564
Hutang %ancar Rp 52.098.165Rp27.022.430 Rp (0)
uick Rati" 17#85 44#58 $
Aal$s$s 6
Quick ratio me0u#ur #emam%ua %erusahaa memeuh$ #e5a8$ba 8a0#a %e"e#
"a meru%a#a u#ura 7a0 %al$0 ser$0 "$0ua#a "alam aal$s$s eraca #eua0a.
Pa"a 2abel "$a2as meu8u##a $la$ ras$o 2ahu -(1 sebesar 1.), "a %a"a 2ahu
-(1) sebesar ++.,) ma#a hal $$ mea"a#a 2er8a"$7a %e$0#a2a. N$la$ quick ratio
7a0 "$%eroleh meru%a#a has$l %erh$2u0a a#2$;a lacar < hu2a0 lacar "$ba0$
"e0a hu2a0 lacar. Performa %erusahaa "$#a2a#a ba$# a%ab$la $la$ quick ratio
se2$a% 2ahu7a me$0#a2 #area sema#$ besar $la$ quick ratio meu8u##a bah5a
#emam%ua a#2$;a lacar "alam meu2u%$ hu2a0 lacar.
VI.2.1 Rs&o A/t&5&ts
1. Inventory TurnoverTabel VI.+ Inventory Turnover
Tahun 2017 2018 2019
T"ta% *+, Rp1.389.703.527
Rp1.448.939.124
Rp1.476.084.288
&!r'!iaan Akhir &r"uk -ai Rp 53.890.213
Rp79.066.979
Rp105.172.443
T* 25#78767918 18#32546468 14#03489588
Aal$s$s 6
Inventory Turnover 3ITO4
meru%a#a ras$o 7a0 me0u#ur a#2$;$2as %erse"$aa
%erusahaa. Pa"a 2abel "a%a2 "$#e2ahu$ $la$ ITO 7a0 "$%eroleh u2u# 2ahu -(1
sebesar -,.)*&1)9 2ahu -(1) sebesar 1).'-,+*+*)9 "a 2ahu -(1& sebesar 1+.('+)&,)) "ar$ has$l 7a0 "$%eroleh meu8u##a bah5a $la$ ITO 7a0 "$%eroleh
8/18/2019 Modul Vi Perencanaan Keuangan II
http://slidepdf.com/reader/full/modul-vi-perencanaan-keuangan-ii 4/12
me0alam$ %eurua se2$a% 2ahu7a. N$la$ ITO 7a0 "$%eroleh meru%a#a has$l
%erh$2u0a 2o2al COG! "$ba0$ "e0a %erse"$aa a#h$r %ro"u# 8a"$. Performa
%erusahaa "$ #a2a#a ba$# a%ab$la $la$ ITO se2$a% 2ahu7a me$0#a2 #area
sema#$ besar $la$ ITO ma#a me0$"$#as$#a bah5a %er%u2ara bara0 8a"$ "a
2er8ual "$ "alam %erusahaa sema#$ ce%a2. Dar$ 2abel "$a2as "a%a2 "$#e2ahu$ $la$ ITO
%erusahaa CI/ERAL me0alam$ %eurua "a hal $$ mea"a#a %erforma
%erusahaa #ura0 ef$s$e "alam %er%u2ara %ro"u# %erse"$aa. =a#2or 7a0 "a%a2
me7ebab#a #ura0 ef$s$e7a %er%u2ara %ro"u# %erse"$aa a"alah #area %a"a
a5al 2ahu 7a$2u 2ahu -(1 mem$l$#$ %erse"$aa 7a0 ba7a#.
VI.2.2 Rs&o So!5+&!&ts
1. Total ebit to Total !sset RatioTabel VI., Total ebit to Total !sset Ratio
Tahun 2017 2018 2019
T"ta%Hutang
Rp52.098.165
Rp27.022.430 Rp (0)
T"ta% Aktiva Rp218.459.200
Rp207.696.900
Rp196.934.600
T/TAR 0#238 0#130 0#000
Aal$s$s 6
Total ebt to Total !sset Ratio 3TDTAR4 me0u#ur %ro%ors$ 2o2al asset 7a0 "$b$a7a$
oleh #re"$2or. Dar$ 2abel "$a2as "a%a2 "$#e2ahu$ bah5a $la$ TDTAR u2u# 2ahu -(1
sebesar (.-')9 2ahu -(1) sebesar (.1'(9 "a 2ahu -(1& sebesar ( "a hal $$
meu8u##a %eurua $la$ ras$o TDTAR se2$a% 2ahu7a. N$la$ ras$o TDTAR
"$%eroleh "ar$ has$l %erh$2u0a 2o2al hu2a0 "$ba0$ "e0a 2o2al a#2$;a. Performa
%erusahaa "$#a2a#a ba$# a%ab$la $la$ TDTAR se2$a% 2ahu7a meuru9 hal $$
me0$"$#as$#a bah5a res$#o %erusahaa 2$"a# "a%a2 memba7ar hu2a0 sema#$
#ec$l. Pa"a %erusahaa CI/ERAL "a%a2 "$#e2ahu$ bah5a %erforma %erusahaa ef$s$e
#area mem$l$#$ $la$ TDTAR 7a0 meuru se2$a% 2ahu7a "a me0$"$#as$#a
bah5a res$#o %erusahaa 2$"a# "a%a2 memba7ar hu2a0 sema#$ #ec$l.
-. Total ebit to "quity RatioTabel VI.* Total ebit to Total "quity Ratio
Tahun 2017 2018 2019 T"ta%Hutang
Rp52.098.165
Rp27.022.430 Rp (0)
8/18/2019 Modul Vi Perencanaan Keuangan II
http://slidepdf.com/reader/full/modul-vi-perencanaan-keuangan-ii 5/12
T"ta% "a% Rp472.042.884
Rp313.953.327
Rp322.853.387
T/R 0#110 0#086 0#000
Aal$s$s 6
Total debit to equity ratio meru%a#a %erba"$0a a2ara hu2a0:hu2a0 "a e#u$2as
"alam %e"aaa %erusahaa "a meu8u##a #emam%ua mo"al %erusahaa u2u#
memeuh$ seluruh #e5a8$ba7a. Dar$ 2abel "$a2as "a%a2 "$#e2ahu$ bah5a $la$ TDER
u2u# 2ahu -(1 sebesar (.11(9 2ahu -(1) sebesar (.()*9 "a 2ahu -(1& sebesar (
"a hal $$ meu8u##a %eurua $la$ ras$o TDER se2$a% 2ahu7a. Performa
%erusahaa "$#a2a#a ba$# a%ab$la $la$ TDER se2$a% 2ahu7a meuru9 hal $$
me0$"$#as$#a bah5a #emam%ua mo"al "alam memeuh$ #e5a8$ba7a. N$la$
ras$o TDER "$%eroleh "ar$ has$l %erh$2u0a 2o2al hu2a0 "$ba0$ 2o2al mo"al.
'. Ti#e Interest "arned
Tabel VI. Ti#e Interest "arned
Tahun 2017 2018 2019
T Rp634.253.986
Rp446.737.190
Rp430.471.183
!anunga
Rp4.863.474 Rp 3.057.019
Rp1.110.325
T 130#412 146#135 387#698
Aal$s$s 6
Ti#e Interest "arned a"alah ras$o 7a0 me0u#ur #emam%ua %erusahaa u2u#
memba7ar beba bu0a 2ahua7a. Dar$ 2abel "$a2as "a%a2 "$#e2ahu$ $la$ TIE se2$a%
2ahu7a me$0#a2 7a$2u %a"a 2ahu -(1 sebesar 1'(.+1-9 2ahu -(1) sebesar
1+*.1',9 "a 2ahu -(1& sebesar ').*&). N$la$ ras$o TIE "$%eroleh "ar$ has$l
%erh$2u0a E/IT "$ba0$ "e0a beba bu0a. Performa %erusahaa "$#a2a#a ba$#
a%ab$la $la$ ras$o TIE se2$a% 2ahu7a me$0#a29 hal $$ me0$"$#as$#a bah5a
#eu2u0a a#a me$0#a2. Dar$ 2abel "$a2as "a%a2 "$#e2ahu$ bah5a %erusahaa
mem$l$#$ %erforma 7a0 ba$# #area beba bu0a 7a0 "$m$l$#$ se2$a% 2ahu7a
meuru "a #eu2u0a 7a0 "$%eroleh se2$a% 2ahu me$0#a2.
VI.2.1 Rs&o Rent+&!&ts
1. $ross %rofit &argin
Tabel VI.) $ross %rofit &argin
Tahun 2017 2018 2019Laa"t"r
Rp1.299.234.366 Rp 1.272.814.088
Rp1.272.903.798
8/18/2019 Modul Vi Perencanaan Keuangan II
http://slidepdf.com/reader/full/modul-vi-perencanaan-keuangan-ii 6/12
&!nua%an
Rp2.688.937.893 Rp 2.721.753.212
Rp2.748.988.086
+& 0#483 0#468 0#463
Aal$s$s 6
$ross 'rofit #argin a"alah ras$o 7a0 me0u#ur %erse2ase laba 7a0 "$%eroleh
sesu"ah %erusahaa me0has$l#a %ro"u#. Pe0u#ura $$ a"alah u#ura %erse2ase
"ar$ se2$a% has$l %e8uala sesu"ah %erusahaa memba7ar har0a %o#o# %e8uala. Dar$
2abel "$a2as "a%a2 "$#e2ahu$ $la$ GPM se2$a% 2ahu7a meuru 7a$2u %a"a 2ahu -(1
sebesar (.+)'9 2ahu -(1) sebesar (.+*)9 "a 2ahu -(1& sebesar (.+*'. N$la$ ras$o
GPM "$%eroleh "ar$ has$l %erh$2u0a %e8uala "$#ura0 COG! #emu"$a "$ba0$
"e0a %e8uala. !ema#$ 2$00$ gross 'rofit #argin ma#a sema#$ ba$#. Pa"a
%erusahaa CI/ERAL "ar$ gross 'rofit #argin 7a0 "$has$l#a meu8u##a
%erforma %erusahaa meuru se2$a% 2ahu7a hal $$ me0$"$#as$#a %rese2ase
laba a2au E/IT sema#$ meuru se2$a% 2ahu7a.
-. 'erating $rofit &arginTabel VI.& 'erating $rofit &argin
Tahun 2017 2018 2019
T Rp634.253.986
Rp446.737.190
Rp430.471.183
&!nua%an Rp2.688.937.893
Rp2.721.753.212
Rp2.748.988.086
*& 0#236 0#164 0#157
Aal$s$s 6
'erating 'rofit #argin me0u#ur %erse2ase laba 7a0 "$%eroleh sesu"ah %erusahaa
memba7ar semua b$a7a %ro"u#s$ "a b$a7a o%eras$ 32$"a# 2ermasu# %emba7ara b$a7a
bu0a9 %a8a#9 "a "$;$"e saham %refere4. Pa"a 2abel "$a2as "a%a2 "$s$m%ul#a bah5a
$la$ OPM 7a0 "$%eroleh se2$a% 2ahu7a meuru 7a$2u %a"a 2ahu -(1 sebesar
(.-'*9 2ahu -(1) sebesar (.1*+9 "a 2ahu -(1& sebesar (.1,. N$la$ ras$o GPM 7a0
"$%eroleh meru%a#a has$l %erh$2u0a E/IT 7a0 2elah "$%eroleh sebelum7a "$ba0$
"e0a %e8uala. Dar$ has$l OPM 7a0 "$%eroleh me0$"$#as$#a bah5a %rese2ase
laba %erusahaa a2au E/IT %erusahaa me0alam$ %eurua se2$a% 2ahu7a. >al
7a0 "a%a2 me7ebab#a laba %erusahaa a2au E/IT meuru a"alah 2$"a# ef$s$e7a
b$a7a o%eras$ 7a0 "$#eluar#a oleh %erusahaa.
8/18/2019 Modul Vi Perencanaan Keuangan II
http://slidepdf.com/reader/full/modul-vi-perencanaan-keuangan-ii 7/12
'. et %rofit &arginTabel VI.1( et %rofit &argin
Tahun 2017 2018 2019
AT Rp472.042.884 Rp 313.953.327
Rp322.853.387
&!nua%an Rp2.688.937.893
Rp2.721.753.212
Rp2.748.988.086
& 0#176 0#115 0#117
Aal$s$s 6
et 'rofit #argin me0u#ur %erse2ase laba 7a0 "$%eroleh sesu"ah %erusahaa
memba7ar semua b$a7a:b$a7a 7a0 2er8a"$9 2ermasu# b$a7a bu0a9 %a8a#9 "a "$;$"e
saham %refere. Dar$ 2abel "$a2as "a%a2 "$#e2ahu$ bah5a $la$ NPM 7a0 "$%eroleh
%a"a 2ahu -(1) me0alam$ %eurua 2e2a%$ me$0#a2 #embal$ %a"a 2ahu -(1&
7a0 me0$"$#as$#a bah5a %rese2ase laba %erusahaa 3EAIT4 meuru %a"a 2ahu
-(1). N$la$ NPM 7a0 "$%eroleh meru%a#a has$l %erh$2u0a EAIT "$ba0$ "e0a
%e8uala.
+. Return on !ssetsTabel VI.11 Return on !ssets
Tahun 2017 2018 2019
AT
Rp
472.042.884
Rp
313.953.327
Rp
322.853.387 T"ta%Aktiva
Rp218.459.200
Rp207.696.900
Rp196.934.600
R*A 2#161 1#512 1#639
Aal$s$s 6
Return on !ssets 3ROA4 me0u#ur #eberhas$la maa8eme me00ua#a ase27a
u2u# me0has$l#a laba. Dar$ 2abel "$a2as "a%a2 "$#e2ahu$ bah5a $la$ ROA 7a0
"$%eroleh %a"a 2ahu -(1) me0alam$ %eurua 2e2a%$ me$0#a2 #embal$ %a"a
2ahu -(1& 7a0 meu8u##a %a"a2ahu -(1) 2$0#a2 %e0embal$a $;es2as$ #ec$lamu me$0#a2 la0$ %a"a 2ahu -(1&. N$la$ ROA 7a0 "$%eroleh meru%a#a has$l
%erh$2u0a laba bers$h "$ba0$ "e0a 2o2al a#2$;a.
,. Return on "quity
Tabel VI.1- Return on "quity
8/18/2019 Modul Vi Perencanaan Keuangan II
http://slidepdf.com/reader/full/modul-vi-perencanaan-keuangan-ii 8/12
Tahun 2017 2018 2019
AT Rp472.042.884
Rp313.953.327
Rp322.853.387
T"ta%kuita'
Rp678.307.010
Rp678.307.010
Rp678.307.010
R* 0#696 0#463 0#476
Aal$s$s 6
Re2ur o E?u$27 3ROE4 meru%a#a $"$#a2or %e2$0 7a0 ser$0 "$0ua#a oleh
%erusahaa u2u# me0u#ur %rof$2ab$l$2as sebelum mela#u#a $;es2as$.Pa"a 2abel
"$a2as "a%a2 "$#e2ahu$ bah5a $la$ ROE me0alam$ %eurua se2$a% 2ahu7a 7a$2u
%a"a 2ahu -(1 sebesar (.*&*9 2ahu -(1) sebesar (.+*'9 "a 2ahu -(1& sebesar
(.+*. Dar$ has$l $la$ ROE 7a0 "$%eroleh ma#a me0$"$#as$#a bah5a %erforma
%erusahaa sema#$ meuru se2$a% 2ahu7a9 "a #eu2u0a $;es2as$ %em$l$#
re"ah. N$la$ ROE 7a0 "$%eroleh meru%a#a has$l %erh$2u0a laba bers$h "$ba0$
"e0a 2o2al e#u$2as.
*. Return on Invest#ent Tabel VI.1' Return on Invest#ent
Tahun 2017 2018 2019
AT Rp472.042.884
Rp313.953.327
Rp322.853.387
T"ta%
A'!t
Rp
1.202.448.059
Rp
1.491.325.650
Rp
1.787.156.607R* 0#393 0#211 0#181
Aal$s$s 6
Return on invest#ent 3ROI4 meru%a#a $"$#a2or u2u# "a%a2 me0u#ur #emam%ua
%erusahaa "e0a #eseluruha "aa 7a0 "$2aam#a "alam a#2$;a 7a0 "$0ua#a
u2u# o%eras$ %erusahaa u2u# me0has$l#a #eu2u0a. Pa"a 2abel "$a2as "a%a2
"$#e2ahu$ bah5a $la$ ROE me0alam$ %eurua se2$a% 2ahu7a 7a$2u %a"a 2ahu
-(1 sebesar (.'&'9 2ahu -(1) sebesar (.-119 "a 2ahu -(1& sebesar (.1)1. Dar$
has$l $la$ ROI 7a0 "$%eroleh ma#a hal $$ me0$"$#as$#a bah5a %erforma
%erusahaa "alam me0has$l#a %rof$2 sema#$ meuru "alam %e00uaa assets
7a0 a"a "$ %erusahaa. N$la$ ROI 7a0 "$%eroleh meru%a#a has$l %erh$2u0a EAIT
"$ba0$ 2o2al ase2 "$#al$#a 1((@.
VI.# Usu!n
Tabel VI.1+ Usula !2ra2e0$ Perusahaa
Me2o"e Ra2$o e$s Ra2$o Usula !2ra2e0$ Perusahaa
8/18/2019 Modul Vi Perencanaan Keuangan II
http://slidepdf.com/reader/full/modul-vi-perencanaan-keuangan-ii 9/12
Ra2$o L$#u$"$2as
Current Ratio Pa"a current ratio 7a0 "$%eroleh su"ah
cu#u% ba$# #area me$0#a2 se2$a%
2ahu7a. >al $$ 8u0a me0$"$#as$#a
bah5a %erusahaa mam%u memba7ar
hu2a0 7a0 "$m$l$#$ "alam 8a0#a
%e"e#. A%ab$la %erusahaa $0$
me$0#a2#a %erforma %erusahaa "a%a2
"$la#u#a "e0a me$0#a2#a a#2$;a
lacar 7a0 "$la#u#a "e0a cara
me$0#a2#a sal"o #as a#h$r "a
%erse"$aa bara0 8a"$.
Quick Ratio Pa"a quick ratio 7a0 "$%eroleh su"ah
cu#u% ba$# #area me$0#a2 se2$a%
2ahu7a. >al $$ 8u0a me0$"$#as$#a
bah5a #emam%ua a#2$;a lacar "alam
meu2u%$ hu2a0 lacar. A%ab$la
%erusahaa $0$ me$0#a2#a %erforma
%erusahaa "e0a mea$##a %rof$2 7a0
"$"a%a2#a oleh %erusahaa.
Ra2$o A#2$;$2as
Inventory Turnover
3ITO4
Pa"a inventory turnover 3ITO4 7a0
"$%eroleh #ura0 ba$# "a ef$s$e #area
meuru se2$a% 2ahu7a. >al $$ 8u0a
me0$"$#as$#a bah5a #eu2u0a a#a
me$0#a2. A%ab$la %erusahaa $0$
mem%erba$#$ inventory turnover 3ITO4
"e0a cara me0h$2u0 #embal$ 8umlah
bara0 7a0 harus "$%ro"u#s$ a0ar "a%a2me0o%2$mal#a 8umlah bara0 7a0
"$%ro"u#s$ "a "a%a2 me0o%2$mal#a
s2ra2e0$ %emasara.
Ra2$o !ol;ab$l$2as Total ebit to Total
!sset Ratio 3TDTAR4
Pa"a total debit to total asset ratio
3TDTAR4 7a0 "$%eroleh su"ah cu#u%
ba$# #area meuru se2$a% 2ahu7a. >al
$$ 8u0a me0$"$#as$#a bah5a res$#o
%erusahaa 2$"a# "a%a2 memba7ar hu2a0
8/18/2019 Modul Vi Perencanaan Keuangan II
http://slidepdf.com/reader/full/modul-vi-perencanaan-keuangan-ii 10/12
sema#$ #ec$l. A%ab$la %erusahaa $0$
me$0#a2#a %erforma %erusahaa "a%a2
"$la#u#a "e0a me$0#a2#a 2o2al
a#2$;a lacar.
Total ebit to "quity
Ratio 3TDER4
Pa"a total debit to equity 3TDER4 7a0
"$%eroleh su"ah cu#u% ba$# #area
meuru se2$a% 2ahu7a. >al $$ 8u0a
me0$"$#as$#a bah5a #emam%ua
mo"al "alam memeuh$ #e5a8$ba7a.
A%ab$la %erusahaa $0$ me$0#a2#a
%erforma %erusahaa "a%a2 "$la#u#a
"e0a me$0#a2#a 2o2al mo"al.
Ti#e Interest "arned
3TIE4
Pa"a ti#e interest earned 3TIE4 7a0
"$%eroleh su"ah cu#u% ba$# #area
me$0#a2 se2$a% 2ahu7a. >al $$ 8u0a
me0$"$#as$#a bah5a #eu2u0a
%erusahaa a#a me$0#a2. A%ab$la
%erusahaa $0$ me$0#a2#a %erforma
%erusahaa "a%a2 "$la#u#a "e0a
me$0#a2#a E/IT.Ra2$o Re2ab$l$2as $ross %rofit &argin
3GPM4
Pa"a gross 'rofit #argin 3GPM4 7a0
"$%eroleh #ura0 ba$# "a ef$s$e #area
meuru se2$a% 2ahu7a. >al $$ 8u0a
me0$"$#as$#a bah5a %rese2ase laba
a2au E/IT sema#$ meuru se2$a%
2ahu7a. A%ab$la %erusahaa $0$
mem%erba$#$ gross 'rofit #argin 3GPM4
"$la#u#a "e0a cara me$0#a2#a laba
#o2or %erusahaa 7a$2u "e0a cara
me$0#a2#a %e"a%a2a.
'erating $rofit
&argin 3OPM4
Pa"a o'erating grofit #argin 3OPM4 7a0
"$%eroleh #ura0 ba$# "a ef$s$e #area
meuru se2$a% 2ahu7a. >al $$ 8u0a
me0$"$#as$#a bah5a %rese2ase laba
a2au E/IT sema#$ meuru se2$a%
2ahu7a. A%ab$la %erusahaa $0$
mem%erba$#$ o'erating grofit #argin
3OPM4 "$la#u#a "e0a cara
8/18/2019 Modul Vi Perencanaan Keuangan II
http://slidepdf.com/reader/full/modul-vi-perencanaan-keuangan-ii 11/12
me0ef$s$e#a b$a7a o%eras$ 7a0
"$#eluar#a oleh %erusahaa.
et %rofit &argin
3NPM4
Pa"a net 'rofit #argin 3NPM4 7a0
"$%eroleh flu#2ua2$f. Prese2ase NPM
me0alam$ %eurua %a"a 2ahu -(1)
amu me$0#a2 %a"a 2ahu -(1& 7a0
me0$"$#as$#a %rese2ase laba
%erusahaa EAIT meuru %a"a 2ahu
-(1). >al $$ "a%a2 "$%erba$#$ "e0a cara
me0ef$s$e#a b$a7a re#ru2me "a
sele#s$ %a"a 2ahu -(1).
Return on !ssets
3ROA4
Pa"a return on assets 3ROA4 7a0
"$%eroleh flu#2ua2$f. Prese2ase ROA
me0alam$ %eurua %a"a 2ahu -(1)
amu me$0#a2 %a"a 2ahu -(1& 7a0
me0$"$#as$#a %rese2ase laba
%erusahaa #ura0 o%2$mal %a"a 2ahu
-(1). >al $$ "a%a2 "$%erba$#$ "e0a cara
me$0#a2#a #eu2u0a %a"a 2ahu
-(1). Return on "quity
3ROE4
Pa"a return on equity 3ROE4 7a0
"$%eroleh #ura0 ba$# "a ef$s$e #area
meuru se2$a% 2ahu7a. >al $$ 8u0a
me0$"$#as$#a bah5a #eu2u0a
$;es2as$ %em$l$# 7a0 re"ah . A%ab$la
%erusahaa $0$ mem%erba$#$ return on
equity 3ROE4 "$la#u#a "e0a cara
me0ura0$ b$a7a 7a0 me0hab$s#a
$la$ mo"al.
Return on Invest#ent
3ROI4
Pa"a return on invest#ent 3ROI4 7a0
"$%eroleh #ura0 ba$# "a ef$s$e #area
meuru se2$a% 2ahu7a. >al $$ 8u0a
me0$"$#as$#a bah5a "alam
me0has$l#a %rof$2 sema#$ meuru
"alam %e00uaa assets 7a0 a"a "$
8/18/2019 Modul Vi Perencanaan Keuangan II
http://slidepdf.com/reader/full/modul-vi-perencanaan-keuangan-ii 12/12
%erusahaa. A%ab$la %erusahaa $0$
mem%erba$#$ return on invest#ent 3ROI4
"$la#u#a "e0a cara me0ef$s$e#a
besara b$a7a o%eras$ %erusahaa "alam
se2$a% %ro"u#7a.