TUGAS ANALISIS LAPORAN KEUANGAN MOHAMAD RIDLA NUGRAHA (14) 8B Exercise 1-2 2006
Sales.................................................... Cost of goods sold................................ Gross profit........................................... Operating expenses............................. Net ino!e...........................................
100.0% 66.0 34.0% 21.0 13.0%
2005
100.0% 52.4 47.6% 19.4 2".2%
#nal$sis and nterpretation& Sit'asi ta!pa( tida( fa)ora*le. +ai( COGS dan +ia$a Operasi !enga!*il *agia *agian n dari dari setia setiap p dolar dolar pen,'a pen,'alan lan oada oada ta-'n ta-'n 2006 2006 di*and di*anding ing ta-'n ta-'n se*el' se*el'!n$ !n$a. a. ala ala' ' )ol'!e )ol'!e pen,'alan nai(/ pendapatan *ersi- !en'r'n !en,adi -an$a 13 persen dari pen,'alan di*anding 2".2 persen pada ta-'n. Exercise 1-
a.
C'rrent ratio& 30/"00 ""/500 111/500 9/700 12"/900
2006&
*.
1.9 to 1
2005&
35/625 62/500 "2/500 9/375 75/250
2.5 to 1
2004&
36/"00 49/200 53/000 4/000 49/250
2.9 to 1
#idtest ratio& 2006&
30/"00 ""/500 12"/900
0.9 to 1
2005&
35/625 62/500 75/250
1.3 to 1
2004&
36/"00 49/200 49/250
1.7 to 1
#nal$sis and nterpretation& (elanaran ,ang(a pende( per'sa-aan !ele!a- dala! periode d'a ta-'n tera(-ir. +ai( rasio 'rrent dan aid test !en'n,'(an trend !en'r'n. ala' tida( ada infor!asia atas nat're nat're *'sine *'siness ss per'sa per'sa-aa -aan/ n/ (ed'a (ed'a rasio rasio terse* terse*'t 't !engin !engindi( di(asi asi(an (an potensi potensi !asala !asala- li('i li('idit ditas as per'sa-aan/ na!'n !asi- perl' (ita li-at ,'ga *agai!ana standar rasio dari per'sa-aan pada ind'stri ser'pa.
Exercise 1-4
ixon Co!pan$ Co!!onSie Co!parati)e +alane S-eet ee!*er 31/ 20042006 2006 2005 Cas-...................................................................................... 5.9% ".0% #o'nts reei)a*le/ net........................................................ 17.1 14.0 er-andise in)entor$........................................................... 21.5 1".5 8repaid expenses.................................................................. 1.9 2.1 8lant assets/ net ................................................................... 53.6 57.3 otal assets ........................................................................... 100.0% 100.0% #o'nts pa$a*le.................................................................. :ongter! notes pa$a*le se'red *$ !ortgages on plant assets ................................................. Co!!on sto(/ 10 par )al'e............................................... ;etained earnings ................................................................. otal lia*ilities and e<'it$.......................................................
Exercise 1-!
a.
*.
.
d.
a$s= sales in reei)a*les& 2006&
""/500 x 360 47 da$s 672/500
2005&
62/500 x 360 42 da$s 530/000
#o'nts reei)a*le t'rno)er& 2006&
672/500 ?""/500 62/500@A2
".9 ti!es
2005&
530/000 ?62/500 49/200@A2
9.5 ti!es
n)entor$ t'rno)er& 2006&
410/225 ?111/500 "2/500@A2
4.2 ti!es
2005&
344/500 ?"2/500 53/000@A2
5.1 ti!es
a$s> sales in in)entor$& 2006&
111/500 410/225
x 360 9" da$s
2005&
"2/500 344/500
x 360 "6 da$s
2004 9.9% 13.2 14.2 1.1 61.6 100.0%
24.9%
16.9%
13.2%
1"." 31.4 24.9 100.0%
23.0 36.5 23.5 100.0%
22.1 43.6 21.0 100.0%
#nal$sis and nterpretation& ,'!la- -ari 'nolleted !ening(at dan #; t'rno)er !en'r'n. er-andise t'rno)er !en'r'n dan da$s>s sales in in)entor$ !ening(at/ Bala' tida( ada per'*a-an rasio dra!atis dari 2005 (e 2006/ dapat dinilai per'sa-aan !en,adi ('rang efisien dala! !engat'r in)entor$ n$a dan !enagi- pi'tangn$a. Exercise 1-"
a.
otal de*t ratio 2006
otal lia*ilities ?and de*t ratio@& 12"/900 97/500.............................. 75/250 102/500.............................. otal e<'it$ ?and e<'it$ ratio@& 162/500 129/100............................ 162/500 104/750............................ otal lia*ilities and e<'it$...........................
*.
2005
226/400
43.7%
291/600 51"/000
177/750
39.9%
267/250 445/000
60.1 100.0%
56.3 100.0%
i!es interest earned& 2006& ?34/100 "/525 11/100@A11/100 4." ti!es 2005& ?31/375 7/"45 12/300@A12/300 4.2 ti!es
#nal$sis and nterpretation& ixon !ena!*a- 'tang pada str'(t'r !odal di 2006/ dengan -asil !ening(at(an rasio de*t !en,adi 43/7 % dari 39/9 %. a/i! nilai *'(' dari pledged assets tetap diatas 'tang dan !ening(at(an profita*ilitas per'sa-aan dari 4/2 !en,adi 4/". Dal ini !en'n,'((an per'sa-aan dapat !engatasi pening(atan 'tang. Na!'n -ar's ditandai p'la pening(atan 'tang ada pada 'tang lanar $ang a(an !e!*eri te(anan pada (elanara per'sa-aan di ,ang(a pende(. Exercise 1-#
a.
Net profit !argin& 2006& 34/100A672/500 5.1% 2005& 31/375A530/000 5.9%
*.
.
otal asset t'rno)er& 2006&
672/500 ?51"/000 445/000@A2
1.4 ti!es
2005&
530/000 ?445/000 372/500@A2
1.3 ti!es
;et'rn on total assets& 2006&
34/100 ?51"/000 445/000@A2 31/375 ?445/000 372/500@A2
7.1%
2005&
7.7%
#nal$sis and nterpretation& efisiensi operasi per'sa-aan ta!pa( !en'r'n (arena penge!*alian dari total asset !en'r'n !en,adi 7/1 %. i!ana total t'rno)er asset !ening(at fa)ora*le !en,adi 5/1 %/ pen'r'nan profit !argin !engindi(asi(an (e!a!p'an per'sa-aan 'nt'( !engenerate la*a dari sales !en'r'n. Exercise 1-8
a. ;et'rn on o!!on sto(-olders= e<'it$&
*.
2006&
34/100 ?291/600 267/250@A2
12.2%
2005&
31/375 ?267/250 240/750@A2
12.4%
8rie earnings ratio/ ee!*er 31& 2006& 15A2.10 7.1 2005& 14A1.93 7.3
.
i)idend $ield& 2006& .60A15 4.0% 2005& .30A14 2.1%
Exercise 1-$
EaBa*an& Net ino!e !en'r'n Fal('lasi pend'('ng& saat ,'!la- COGS tiap ta-'n dan *ia$a disisi-(an dari o!!onsie persentasi sales/ net ino!e perent a(an terli-at& 2004& 100.0 5".1 14.1 27."% of sales 2005& 100.0 60.9 13." 25.3% of sales 2006& 100.0 62.4 14.3 23.3% of sales apat dili-at ,'(a sales 2003 dias'!si(an 100 !a(a sales pada 2004 adala- 103.20 dan sales 2005 adala- 104.40. ,'(a persentase ino!e pada ta-'n terse*'t diapli(asi(an pada ,'!la- terse*'t !a(a net ino!e adala-& 2004& 100.00 x 27."% 27."0 2005& 103.20 x 25.3% 26.12 2006& 104.40 x 23.3% 24.33 Dal ini !en'n,'(an net ino!e per'sa-aan !en'r'n dala! periode 3 ta-'n terse*'t.
%&se 1-4
a. ida(. es(ip'n rasio lanar !ening(at sela!a periode tiga ta-'n/ rasio aidtest !en'r'n dan pi'tang dan !er-andise in)entor$ t'rno)er le*i- la!*at. Fondisi ini !en'n,'((an *a-Ba s'at' porsi pening(atan a(ti)a lanar terdiri dari pi'tang 'sa-a dan persediaan $ang C'rrent de*ts tida( dapat !e!*a$arn$a *. ida(/ en'r'nn$a t'rno)er dari 8i'tang !eng'ndi(asi(an per'sa-aan !enagi- pi'tangn$a !en,adi le*i- la!*at . ida(/ Sales !ening(at dan pi'tang t'rno)er !ela!*at/ (ed'a trend ini tida( dapat !ening(at(an pi'tang Balai a('n lain tida( *er'*a-. d. +isa Eadi/ (arena tida( ada $ang !engindi(asi(an -al se*ali(n$a/ CGS !'ng(in !ening(at se*agai proporsi sales/ (onse('ensin$a sales !ening(at/ COGS ,'ga !ening(at ses'ai proporsin$a dan !er-andise t'rno)er !ening(at/ ,'!la- !er-andise di in)entor$ !'ng(in ,'ga !ening(at. e. a/ 'nt'( il'strasin$a/ ,i(a sales dias'!si(an 100 di 2004/ sales trend !en'n,'(an 125 di 2005 dan 137 di 2006. a(a !e!*agi set'iap sales fig're dengan rasio sales to plant asset !e!*eri(an -asil 33.33 'nt'( plant assets di 2004 ?100A3.0@/ 37."" di 2005 ?125A3.3@ dan 39.14 di 2006 ?137A3.5@. f.
ida(/ persentase penge!*alian dala! OBner e<'it$ !en'r'n dari 12.25% di 2004 !en,adi 9.75% di 2006.
g. ;asio dari sales to plant assets !ening(at dari 3.0 di 2004 !en,adi 3.5 di 2006. Na!'n/ ret'rn pada total assets !en'r'n dari 10.1% di 2004 !en,adi "."% in 2006. #pa(a- -asil ini !en'n,'(an deri)asi dari !ening(atn$a efisiensi pengg'naan total asset *ergant'ng pada (o!parasi dengan per'sa-aan lain dan dari e(spe(tasi dari indi)id' $ang !ela('(an e)al'asi. -. Nilai dollar dari selling expenses !ening(at pada 2005 dan !en'r'n ta,a! pada 2006. #pa*ila as'!asi sales 100 di 2004/ 125 di 2005/ dan 137 di 2006/ dan !eng(ali(an tiap selling expense (epada net sales ratio !e!*eri(an nilai 15.30 atas selling expenses di 2004/ 17.13 di 2005/ dan 13.43 di 2006.
