#TITLE_ALTERNATIVE#

• Main Author: Trisno (NIM 121 02 037) , Ariyan
• Format: Final Project
• Language: Indonesia
• Online Access: https://digilib.itb.ac.id/gdl/view/7315
• Institution: Institut Teknologi Bandung

Abstract: <br /> <br /> <br /> <br /> <br /> In mining industry hardly required continual performance analysis because industrial characteristic of mining is capital, high risk and attainment time of revenue sufficiently long. With ratio analysis, we can evaluate performance of company during certain range of time evaluated from its finance aspect. <br /> <br /> <br /> <br /> <br /> Ratio analysis done at government-owned corporations company PT Bukit Asam, Tbk taken away from primary data that is Balance Sheet and Income Statement at period 2003-2006. While secondary data in the form of the price of sale of coal and other information entered to strengthen ratio analysis. Ratio type applied is Liquidity, Solvability, Profitability, Activity and Management Efficiency. After calculated, then is analysed significant influence and trend, its cause and the relation of a ratio with others. <br /> <br /> <br /> <br /> <br /> Generally, companys finance performance still good with compared average industry ratio. But hardly need to pay attention to movement of the price of coal and reduces level of cost of good sold that is increasing. <br /> <br /> <br /> <br /> <br /> At liquidity and Solvability ratio, PTBA seen is good meaning company able to pay short term liabilities and also long-range. Highest achievement assessed profitability ratio was in the year 2004. In the next year tended to downwards, but ratio ROE (Return On Equity) still up to average industry ratio of investment and EPS (Earning Per Share) also increased. Company earnings increasing hardly influenced by the increasing of the price of coal during period 2003-2006. Improvement of significant train freight service equal to 78percent in the year 2006 taking composition 38percent to cost of good sold. At Activity ratio, degradation of receivable management happened after the year 2004, while inventory turn over is tending to downwards. Company ability to manage asset owned is good enough posed at big ratio value from 1. Reduction numbers of employee didnt have an significantly to achieve earnings and net profit because hardly influenced by entirety total cost released by PTBA. <br />