Year of

No Description Formula
2019
LIQUIDITY RATIO
1 CR = A / F 0.53
Current assets
Current Ratio 
Current Liabilities
2 Current assets  inventories ATR = (A - E) / F 0.52
Acid Test Ratio 
Current Liabilities

3 ACR = C / (I / 365) 52.95

Accounts Re ceivable
Average Collection Ratio 
Daily (credit ) sales

4 ARR = I / C 6.89
Credit sales
Accounts Re ceivable Ratio 
Accounts Re ceivables

5 ITO = J / C 51.02
COGS
Inventory Turnover 
Inventory

Year of
No Description Formula
2019
CAPITAL STRUCTURE RATIO
1 Total Debt DR = G / D 82%
Debt Ratio 
Total Assets

2 TIE = L / M 1.67
Operating Income ( EBIT )
TIE 
Interest exp ense

Year of
No Description Formula
2019
EFFICIENT USE OF ASSET RATIO
1 Sales TATO = I / D 0.17
TATO 
Total Assets

2 Sales FAT = I / B 0.22

Fixed Assets Turnover 
Net Fixed Assets
 Sales
Fixed Assets Turnover 
Net Fixed Assets

Year of
No Description Formula
2019
PROFITABLITY RATIO
1 Operating Income OIROI = L / D 11%
OIROI 
Total Assets

2 Operating Income ( EBIT ) OPM = L / I 63%

OPM 
Sales

Net Income
NPM 
3 Sales NPM = N / I 16%

4 ROE = N / H 16%
Net Income
ROE 
Total Common equity
5 GPM = K / I 71%
Gross Pr ofit
GPM 
Re venue
6 ROA = N / D 2.8%
Net Income
ROA 
Total Assets
Year of
Unit Result of Analysis
2020

0.23 times

TBIG have decrease their ability in year of 2020

0.23 times because of the increasing of the current liabilities (USD
13777876) more than 4 times.

113.79 days in year of 2020 TBIG have decreasing their ability for
collection period of receivable (increase for account
receivable and decrease for sales/revenue)

3.21 times/year in year of 2020 TBIG have decreasing their ability for Di tahun 2020 mengalami penurunan kem
receivable collection (receivable "rolled over" almost
1 time/year less than year of 2019)

9.24 times/year Inventory "rolled over" 5 times/year and almost same terjadi penurunan inventori turn over yan
in two years period (in year of 2020 cost of revenue
decreasing but for receivable are increasing)

Year of
Unit Result of Analysis
2020

75% in year 2020 TBIG reduce using debt for their assets
(the ratio reducing 7% from year of 2019)

1.79 times
TBIG increasing the ability to pay the debt interest
(TBIG able to pay finance cost)

Year of
Unit Result of Analysis
2020

0.13 times TBIG still not effective to generate their assets become
revenue because its ratio below 1 time penggunaan asset jauh di bawah efisien

0.16 times TBIG still not effective to generate their assets become
revenue because its ratio below 1 time, and may
reflect the effectiveness below 1 time
 TBIG still not effective to generate their assets become
revenue because its ratio below 1 time, and may
reflect the effectiveness below 1 time

Year of
Unit Result of Analysis
2020

10% -

81% +

TBIG showing positive performance in year of 2020 for

23% + profitability ratio (increase for gross profit, become
profit in year of 2020 for operating income (EBIT) and
nett income (EAT), others positive indicator are
increasing their total assets and equity).
TBIG still have negative performance at OIROI and ROE
because Total Assets and Equity is increasing.

11% -

90% +

2.9% +
20 mengalami penurunan kemampuan AR, karena terjadi peningkatan tagihan 1.9kali dari tahun sebelumnya

runan inventori turn over yang cukup besar, lebih dari 5x dari tahun sebelumnya, CR naik dan revenue nya turun

asset jauh di bawah efisien

 Year of
Item No Description
2019 2020
(Expressed in thousand US Dollars)
A Current Assets 2,376,740 3,227,394

B Fixed Asset 24,649,294 28,738,362

C Accounts/Trade Receivable 772,847 1,464,797

D Total Assets 30,871,710 36,521,303

E Inventories 17,708 118,312

F Current Liabilities 4,513,623 13,777,876

G Total Liabilities/Debt 25,348,426 27,217,465

H Total Equity 5,523,284 9,303,838

I Sales/Revenue 5,327,689 4,698,742

J Cost of Revenue 903,454 1,093,065
K Gross Profit 3,795,288 4,234,624
L Operating Income (EBIT) 3,368,854 3,816,001
M Interest Expense/Finance Cost 2,016,910 2,134,506
N EAT / Net Income 866,121 1,066,576

Operating Expense 426,434 418,623

 850,654 Kenaikan pada kas, piutang usaha pihak ketiga dan uang muka dan beban dibayar dimuka

Menara telecom, bangunan, menara bergerak, peralatan elektronik,

perangkt lunak, peralatan kantor, kendaraan, genset.
4,089,068

691,950

5,649,593

100,604 Suku Cadang dan Material menara

9,264,253 Kenaikan pada : utang usaha pihak ketiga, sewa pembiayaan pihak ketiga, penerbitan surat utang bagi

Jumlah liabilitas jangka panjang menurun> sewa pembiayaan. Berubah

1,869,039 ke asset lancar /current asset.
Secara total ada kenaikan.

Obligasi, saham
Bagian ekuitas : selisih translasi atas mata uang asing.
3,780,554 Dari penghasilan comprehensive, cadangan yang belum ditentukan
penggunaannya.

- 628,947
189,611 Penyusutan menara, penyusutan aset hak guna, perbaikan dan pemeliharaan, keamanan, amortisasi p
439,336
447,147
117,596
200,455

Gaji , penyusutan, manfaat, beban kantor, jasa profesional, donasi, sewa kantor, sponsor, penyusutan
n dibayar dimuka

, penerbitan surat utang bagian jangka pendek

raan, keamanan, amortisasi perijinan, listrik, asuransi, amortisasi sewa lahan

kantor, sponsor, penyusutan aset hak guna, transportasi, perjalanan dinas, telekomunikasi