ANALYSIS RASIO KEUANGAN

03
Modul ke

Analisis yang dilakukan terhadap laporan keuangan perusahaan berupa

neraca dan laporan laba-rugi untuk mengukur kinerja keuangan
perusahaan.

Fakultas

Ekonomi dan Bisnis

Oleh :
Program Studi Team Teaching
Manajemen S1
 Analisis Keuangan Sistem DuPont
merupakan
suatu pendekatan yang dikembangkan oleh DuPont Company untuk mengukur tingkat
efektivitas perusahaan dalam menghasilkan keuntungan. Sistem ini memberikan
gambaran faktor-faktor yang saling berhubungan dan berpengaruh pada tingkat
pengembalian atas investasi suatu perusahaan (ROA) dan tingkat pengembalian atas
ekuitas (ROE) yaitu marjin laba bersih, perputaran total aktiva dan tingkat hutang suatu
perusahaan
Bagan DuPont
System
Neraca Proforma

Financial data:

Debt ratio: 50%

Quick ratio: 0.80x
Total assets turnover: 1.5x
Days sales outstanding: 36.5 days (1 year = 360 days)
Gross profit margin on sales: (Sales - Cost of good sold)/Sales = 25%
Inventory turnover ratio:(Cost of good sold/inventory) = 5.0x
Neraca Proforma....cont

Balance Sheet

Cash Account payable

Account receivables Long-term debt $ 60,000

Inventories Common stock

Fixed assets Retained earnings $ 97,500

Total assets $ 300,000 Total liabilities and equity

Sales Cost of goods sold

Neraca Proforma....cont

Total assets = Total liabilities and Equity

Total liabilities and Equity= $300,000

Debt
DebtRatio 
TotalAsset
AcoountsPayable  $60,000
50% 
$300,000
AccountsPayable  $90,000

CurrentAsset  Inventory
QuickRatio 
CurrentLiabilities
CurrentAsset  Inventory
0.80 
$90,000
CurrentAsset  Inventory  $72,000
Neraca Proforma....cont
Sales
TotalAsset Turnover 
TotalAsset
Sales
1 .5 
$ 300 ,000
Sales  $ 450 ,000
Account Re ceivable
DaysSalesO uts tan ding 
Sales / 360
Account Re veivable
36 . 5 
$ 450 , 000 / 360
Account Re ceivable  $ 45 , 625

Sales  CostOfGood Sold

Gross Pr ofitM arg inOnSales 
Sales
$ 450 , 000  CostOfGood Sold
25 % 
$ 450 , 000
CostOfGood Sold  $ 337 ,500
Neraca Proforma....cont
CostOfGoodSold
InventoryTurnover 
Inventory
$337,500
5.0 
Inventory
Inventory  $67,500
Current Asset - Inventory = $72,000
Current Asset - $67,500 = $72,000
Current Asset = $139,500

Current Asset = Cash + Account receivables + Inventories

$139,500 = Cash + $45,625 + 67,500
Cash = $26,375

Total Assets = Current asset + Fixed assets

$300,000 = $139,500 + Fixed assets
Fixed assets = $160,500

Total liabilities and equity = Account payable + Long term debt + Common stock +
Retained earning
$300,000 = $90,000 + $60,000 + Common stock + $97,500
Common stock = $52,500
Neraca Proforma....cont

Balance Sheet

Cash $26,375 Account payable $90.000

Account receivables $45,625 Long-term debt $60,000

Inventories $67,500 Common stock $52,500

Fixed assets $160,500 Retained earnings $97,500

Total assets $300,000 Total liabilities and equity $300,000

Sales $450,000 Cost of goods sold $337,500

Terima Kasih Atas Perhatiannya

Team Teaching
Dosen Tetap FEB Universitas Widyatama