Analisis Perbandingan Rasio Keuangan sebagai Alat Ukur Kinerja Keuangan Perusahaan Rokok yang Terdaftar Di Bursa Efek Indonesia
ABSTRACT The purpose of this study is to reveal how the company's performance by comparing the tobacco companies registered in the Stock Exchange during the period 2006 to 2008. In addition to knowing which companies have the highest financial performance in terms of financial ratio. This study uses secondary data is data consolidated financial statements of tobacco companies listed in BEI during the period from 2006 until 2008. The steps taken in obtaining data by the method of documentation. Financial reporting data in the form of balance sheet, income statement and other information about the company. Technique analysis undertaken in this research is by using financial ratio analysis techniques such as liquidity ratio, activity ratio, debt ratio and profitability ratio. From these results it is concluded that financial ratio can provide information on the performance of the cigarette companies listed in Bursa Efek Indonesia (BEI). From the result of the liquidity ratio in the year 2008, ie for the current ratio, PT Bentoel International Investama showed ratios above the industry average of 2.478, and for a quick ratio of PT BAT Indonesia Tbk indicate ratios above the industry average of .992. In the analysis, the activity ratio of PT HM Sampoerna Tbk shows the financial performance of the most high above the industry average which is at the ratio of total assets turnover amounted to 2.149, receivable turnover amounted to 49.16, inventory turnover amounted to 3.224 and the fixed asset turnover amounted 8.010. In the analysis of debt ratios of PT Gudang Garam Tbk showed the highest performance below the industry average in the calculation of debt to total assets ratio and total debt to equity ratio amounted to 0.355 and the ratio of the number 0.551. Whereas in the analysis of the profitability ratios of PT HM Sampoerna Tbk showed the highest financial performance because the company ratios above the industry average, the calculation of profit margin ratio of 11.2%, return on total assets ratio (ROA) of 24.1% and the return on equity (ROE) of 48.4%.