2019 2018 2017 CAGR

Revenue
Gross Profit Margin 37.27% 39.76% 35.93% 1.85%
Operating Profit Margin 5.34% 11.17% 8.74% -21.87%
Net profit margin 0.17% 6.33% 5.41% -82.27% 0.17%
COGS to revenue 62.73% 60.24% 64.07% -1.05%
Operating expenses to revenue 34.17% 30.69% 29.24% 8.09%
Market
Earning per share -2.29 88.51 58.84 N/A
Book value per share 1334.7006 746.53547 589.46903 50.47%
Return
Return of assets -0.07% 4.34% 4.49% N/A
Return of equity -0.22% 13.25% 11.79% N/A
Debt
Debt to equity 147.58% 173.24% 137% 3.79%
Debt to capital 59.61% 63.40% 54.98% 4.13%

Return on Investment 2.92% 8.67% 7.37%

Cash ratio
Current ratio 0.99 1.34 1.73
Collection period
inventory turn over
total asset turn over
total equity to total asset
net fixed asset
Account receivable
149.60%
 INDICATORS Formula Weighted
Profitability Performance
A.1 ROE Ratio Net income / Equity 20

A.2 ROI Ratio EBITDA/Capital Employed 15

EBITDA= (Income before tax + Interest
Expense – Interest Income)+ Depreciation
Capital Employed=(Total asset-net fix asset)

Liquidity Performance
B.1 Cash Ratio Cash + cash equivalents/Current Liabilities 5

B.2 Current Ratio Current Asset/Current Liabilities 5

Activity Performance
C.1 Collection Period (days) (Average Accounts Receivables/Sales 5
Revenue) x 365 days

C.2 Inventory Turnover (days) (Average Inventory/Sales Revenue) x 365 days 5

C.3 Total Asset Turn Over (TATO) Revenue/Capital Employed 5

Solvency Performance
Total Equity to Total Asset (TETA) Total Equity/Total Asset 10

TOTAL
WEIGHT 70
TOTAL WEIGHT
SCORE
 Kimia Farma
2019 Q3 2020
Ratio Score Ratio Score
-0.22% - 0.66% 2

2.92% 3.0 2.86% 3.00

18.40% 3 10.27% 2.00

99.36% 2 88.89% 0.00

110.00 4 99.40 4.00

154.00 3.0 154.22 3.00

63.34% 3.0 39.85% 2.00

40.39% 9.0 39.10% 10.00%

27.0 16.1
70 70
38.57% 23.0%
B CCC
 2019 2018
Profit Margin Ratio -0.001351 0.0633
Total Asset Turnover 0.6334 0.746684
Equity Multiplier 2.475794 2.732365
-0.21% 12.91%
 Balance sheet
in million rupiah 2019
Current Asset(s) 7,344,787
Non-Current Asset(s) 11,008,090
Total Assets 18,352,877
Short-term Liabilities 7,392,140
Long-term Liabilities 3,547,810
Total Liabilities 10,939,950
Total Equity 7,412,927
Investment in Other Entities 184,426

Income statement
in million rupiah 2019
Sales: 9,400,535
Cost of Goods Sold 5,897,248
Gross Profit 3,503,288
Operating Income 536,286
Financial Expenses (497,970)
Earnings Before Taxes 38,315
Income Tax (Expense) Benefit (22,425)
Profit for the Year 15,890
Other Comprehensive Income (Expenses) 4,764,483
Comprehensive Profit 4,780,374
Profit Attributable To:
- Owner of the Parent Entity (12,724)
- Non-controlling interests 28,614
Comprehensive Profit Attributable To:
- Owner of the Parent Entity 4,796,872
- Non-controlling interests (16,499)
Number of Shares outstanding (in million shares) 5,554
Net Earnings Per Share (Full Amount) (2.29)
 2018 2017 in million rupiah
6,378,008 4,427,595 Depreciation
4,951,082 2,844,489 operating profit
11,329,091 7,272,084 Operating Expenses
4,745,842 2,554,232 net profit
2,436,990 1,443,941
7,182,832 3,998,173
4,146,258 3,273,911
184,633 184,633

2018 2017
8,459,247 6,127,479
5,096,045 3,925,600
3,363,203 2,201,880
982,516 535,661
(227,220) (85,952)
755,296 449,710
(220,211) (118,002)
535,085 331,708
396,463 (7,841)
931,548 323,867

491,566 326,786
43,519 4,922

875,291 318,945
56,257 4,922
5,554 5,554
88.51 58.84
2019 2018 2017
1,039 890
501,656 944,682 535,661
3,211,857 2,596,191 1,791,958