FINANCIAL MANAGEMENT

(PROBLEM BASE LEARNING)

TASK 1

GROUP 1:
Mutiara Puteri Nagari (023161182)
Alfiera Rizki Rachmani (023161189)
Rizky Arvian (023161210)

Faculty of Economics and Business

Trisakti University
Grogol, West Jakarta
 Industry Evaluation
Year Average Cross Time Series
Ratio Formula Sectional
2015- Overall
2015 2016 2016 2016
2016
Liqudity
Current Assets
Current Ratio 1,54 1,66 2,35 Ok Ok Ok
Current Liability

Current Assets - Inventory

Quick (Acid -Test) Ratio 1,29 1,44 2,09 Ok Ok Ok
Current Liability
Activity
Cost of Good Sold
Inventory Turnover 7,78 8,76 37,68 Poor Ok Poor
Inventory

Account Receiveble
Average Collection Period 42,06 59,33 49,85 Poor Poor Poor
Average Sales per day

Account Payable
Average Payment Period 62,28 29,12 57,47 Good Good Good
Average Purchase per day

Sales
Total Asset TurnOver 1,82 1,68 0,81 Ok Ok Ok
Total Assets

Sales
Fixed Asset TurnOver 1,49 1,37 2,94 Ok Ok Ok
Total Fixed Assets

Debt
Total Liabilities
Debt Ratio 45% 43% 38% Poor Ok Poor
Total Assets
 Earning Before Interest and Taxes
Time Interst Earned Ratio 17,00 15,69 44,45 Poor Poor Poor
Interest

Total Liability
Debt to Equity Ratio 6,60 6,97 0,75 Poor Poor Poor
Common Stock Equity
Profitability
Gross Profit
Gross Profit Margin 31% 31% 24% Ok Good Ok
Sales

Operating Profit
Operating Profit Margin 18% 18% 14% Good Ok Good
Sales

Earning Available for Common Stockholder

Net Profit Margin 14% 13% 9% Good OK Good
Sales

Earning Available for Common Stockholder 814,1 814,0

Earning per Share 455,45 Good OK Good
Shares of Common Stock Outstanding 6 3

Earning Available for Common Stockholder

Return on Total Assets 0,11 0,10 0,73 Ok Ok Ok
Total Assets

Earning Available for Common

Return on Total Equity Stockholder 1,63 1,63 0,24 Good Ok Good
Common Stock Equity
Market
Market Price per Share of Common
Price/Earnings Ratio Stock 5,56 15,36 16,61 Ok Good Ok
Earning per Share

Market/Book Ratio Market Price per Share of Common 17,7 17,7 1,42 Good Ok Good
 Stock
Book Value per Share of Common Stock

Book Value per Share of Common Common Stock Equity 500,0 500,0
3325,49 Poor Ok Poor
Stock Number of Share of Common Stock Outstanding 0 0

The Strengths: The strengths of PTBA is in their ability to get a higher profit and to attract investors to invest in its company.
Therefore, it can be said that PT Bukit Asam is very profitable company.
The Weakness: PT Bukit Asam is weak in paying off the obligation. PT Bukit Asam over uses their liability and common stock equity to
finance the firms total asset. Thats the weakness of the company

b. If PT Bukit Asam initiated cost-cutting to hold lower level of inventory and substantially decreased the Cost of Goods Sold, PT Bukit
Asam can get more revenue and as we know if cost of goods sold decrease, the smaller revenue reduction and it will impact on the
higher profits. And the ratio would be effected by the changes is inventory turnover.
c. No, I wouldnt accept their credits applications. Because base on the ratio analysis, the debt to equity ratio and debt ratio of PT
Bukit Asam (Tbk.) is Poor. As we know, Debt Ratio and Debt to Equity Ratio is a ratio analysis that measures the relative proportion of
total liabilities and common stock equity used to finance the firms total asset. So, if the DER is poor, then the company may not be
able to generate enough cash to satisfy their debt obligation.
d. Yes, I would. Because if we see from the EPS data, the proportion of a company allocated to each outstanding share of common
stock is so higher than the industry average. And we also can see from Price/Earnings Ratio. The higher the price/earning ratio, the
greater the investor confidence.