Formula Result

Liquidity
Current Ratio CA/CL Ratio STD paying ability
Acid test ratio (CA tanpa inven) Cash + MS+ AR / CL Ratio ST Liquidity
AR Turnover Net Sales/ Avg AR Ratio AR Liquidity
Days Sales in AR 360/ Sales/ AR end Days Seberapa lama AR ke collect, ga
boleh lewat credit term (lbh cpt lbh
bagus)
AR Collection Period 360/ AR Turnover Days
Inventory Turnover COGS / Avg Inven Ratio Inven Liquidity
Days Sales in Inventory 360/ COGS / Inven End Days Seberapa cpt inven kejual
Days in inventory 360 /Inv turnover Days
Average payable oustanding 360 / COGS / AP end Days Waktu yg dibuthkan utk membayar
utang (makin lama makin bagus)
AP Turnover COGS/ Avg AP
Capital Structure and Solvency
D/E Ratio Tot liab/ shareholders eq How much debt the company use to
finance its asset
Times int earned EBIT/ Int exp Ability to meet interest payment
Return on Investment
Return on Net Opr Asset NOPAT / Avg Net Opr Asset % Seberapa baik perusahaan
(RNOA) menyebarkan asset utk mendapat
earning
Return on asset (ROA)- Net in + int exp x (1-tax %) / avg t. asset % Profitability asset in generating
Efficiency Ratio revenue, how $ earning from $ asset
Common eq (ROCE) Net income / avg eq % Seberapa bisa generate income dr
capital yg ada
Return on Investment EBIT/ Capital Employed
Operating Performance
GP Margin Sales – cost of sales / sales %
OP Margin Income from operation/ sales %
NP Margin Net income / sales %
Net Opr Profit Margin Operating Profit / Net sales
Asset Utilization/ Efficiency Ratio
Cash Turnover Sales / Avg cash n equivalent High cash turnovers can mean
company is being efficient with its
cash (ie. able to replenish it quickly
and use cash toward better uses), it
could also potentially mean a
company is low on cash and may
need short-term financing in the
future
Working capital turnover Sales / avg WC
Management of WC Purchase/ AP
PPE Turnover Sales / average PPE
Total asset turnover Sales / average total asset
Market Measure
PE Ratio Market price per share / EPS what the market is willing to pay for
a stock based on its current earnings.
higher ratio means investors
anticipate higher performance and
growth in future
Earnings yield EPS / Market price per share % how much a company earned per
share. low ratio may indicate an
 overvalued stock or a high value may
indicate an undervalued stock.
Dividend yield Cash dividend per share / Market price per %
share
Dividend payout Rate Cash dividend per share / EPS %
Price to book Market price per share / BV per share Low P/B ratios can be indicative of
undervalued stocks

FCF NOPAT – Changes in NOA NOPAT : net opr asset after tax
Cash Flow Adequacy Ratio 3 year sum of cash from operation/ 3 year Ability to generate cash fr operation
of capex, inv addition, cash dividend to cover capex. Inventory, cash
dividend.
Ratio 1 = cover completely
Cash Reinvestment Ratio OCF – Div / Gross plant+ Inv + other asset + % Brp persen cash yang di reinvest .7-
WC 11% = satisfactory

PSAK

1 : PENYAJIAN LAP KEU

2 : LAPORAN ARUS KAS

Direct (indo), indirect

Operating ; income statement

 Loss or gain on sale of equipment

Investing : change in investment and Non current asset

 Increase joint venture

Financing : non current liab . equity

 The proceeds from issuing additional Common Stock.

13: PROPERTI INVESTASI

14 : PERDEDIAAN

16 : ASET TETAP

19 : ASET TIDAK BERWUJUD

58 : ASET YG DIMILIKI UNTUK DIJUAL

69 : ASET AGRIKULTUR