RATIO ANALYSIS

Financial statements melaporkan baik posisi perusahaan pada suatu waktu maupun kegiatan operasi perusahaan selama periode sebelumnya. Real value dari financial statements terletak pada fakta bahwa mereka dapat digunakan untuk membantu memprediksi future earnings dan dividens. Financial Ratios dirancang untuk membantu mengevaluasi financial statements. Berikut merupakan Ratio Analysis yang digunakan untuk mengevaluasi financial statement:

1. Liquidity Ratios
    Current Ratio = Current Assets / Current Liabilities
     semakin tinggi Current Ratio, maka semakin bagus (melebihi industry avarage)
2. Asset Management Ratios
    Inventory Turnover Ratios = Sales/ Inventories
    DSO = Receivables / average sales per day
    Fixed Assets Turnover Ratios = Sales/ Net Fixed Assets
    Total Assets Turnover Ratios  = Sales/ Total Assets
3. Debt Management Ratios
    Debt Ratio = Total Debt/ Total Assets
    TIE = EBIT/ Interest Charges
4. Profitability Ratios
    Profit Margin on Sales = Net Income available to common stockholders/ Sales
    Basic Earning Power   = EBIT/ Total assets
    Return on Assets         = Net Income available to common stockholders/ Total Assets
    Return on Common Equity = Net Income available to common stockholders/ Total Equity
5. Market Value Ratios
    P/E Ratio     = Price per share/ Earnings per share
    Price/CF      = Price per share/ Cash flow per share
    Book Value per share = Common equity/ Shares outstanding
    Market/Book Ratio    = Market Price per Share/ Book Value per share