MEASURING FINANCIAL HEALTH OF INDONESIA TRANSPORTATION COMPANY AFTER DISRUPTION OF ONLINE TRANSPORTATION COMPANIES: CASE STUDIES OF PT. EXPRESS TRANSINDO UTAMA TBK.
PT. Express Transindo Utama Tbk. is a company engaged in the transportation industry in Indonesia. Currently, the company which is famous for conventional taxis is issuing tight competition because of Gojek and Grab. This is a major issue that has led to an increase in the company's finances in...
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| Format: | Theses |
| Language: | Indonesia |
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| Online Access: | https://digilib.itb.ac.id/gdl/view/45026 |
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| Institution: | Institut Teknologi Bandung |
| Language: | Indonesia |
| Summary: | PT. Express Transindo Utama Tbk. is a company engaged in the transportation industry in Indonesia. Currently, the company which is famous for conventional taxis is issuing tight competition because of Gojek and Grab. This is a major issue that has led to an increase in the company's finances in the past three years when online transportation has emerged. The need to measure financial health condition of the company after the issues exist, so that the writer can provide advice to improve financial health conditions and its business activities strategy.
In this research method, the authors use secondary data consisting of the company's annual financial statements from 2013 to 2018 to examine the internal analysis and porter’s five forces and PESTEL analysis to examine the external analysis.
From the results of the analysis that has been done, the level of health of PT. Express Transindo Utama Tbk has a worse financial performance based on the financial ratio that has been calculated and the company is on the distress zone based on the Altman Z-Score measurement. After knowing the problems that occur in each company, the authors provide recommendations for companies to have a major improvement in company’s business activities. Besides, to reduce its debt the company need to do recapitalization in order to reduce its solvency ratio.
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