USULAN STRATEGI PERTUMBUHAN PROFITABILITAS PERUSAHAAN PT UMARA NIKMAT BOGA BERDASARKAN ANALISIS LAPORAN KEUANGAN

• Main Author: Putra, Samuel
• Format: Final Project
• Language: Indonesia
• Online Access: https://digilib.itb.ac.id/gdl/view/67177
• Institution: Institut Teknologi Bandung

Since PT Umara Nikmat Boga decided to expand its product portfolio in 2018, the company has experienced notable growth, both in terms of revenue and in the ability to convert revenue into profit. However, since the Covid-19 pandemic struck Indonesia in 2020, the company has since experienced a net loss of 48 billion and 49 billion rupiah in the past two years respectively. Through an interview with the company’s management, the hypothesis seems to be that the main cause behind the net loss is the lack of revenue due to the pandemic. To validate this hypothesis and deliver strategic recommendations on how the company can increase net profit, this research will analyze PT Umara Nikmat Boga’s financial statements from 2018 up to 2021. Through various methods of financial statement analysis, this research identified four problems: (1) a cost structure that had extremely high proportions of general and administrative expenses, (2) a high-risk proportion of debt in their liabilities, (3) a suboptimal ability to convert assets and equity, and (4) low operational efficiency and effectivity, especially regarding account receivable and inventory management. After validating and prioritizing the identified problems, it was understood that PT Umara Nikmat Boga’s highest priorities were to address the issues related to the cost structure, the extensive duration of the average collection period for account receivables, and the low inventory turnover. After further analysis of the root of the problems, this research recommends PT Umara Nikmat Boga to: (1) conduct additional analyses in the form of a job task analysis and throughput analysis to act as a base behind any further efforts to cut costs within the organizational structure, (2) implement various improvements towards the account receivable management system, specifically in the antecedent phase, management phase, and through supporting factors, and (3) conduct a pilot to test various statistical forecasting methods in order to increase the forecast accuracy. Furthermore, the identification and acquisition method of the critical resources needed to implement each solution is discussed in this research. Research implications are discussed.