Analisis laporan keuangan menggunakan rasio likuiditas, solvabilitas, aktivitas, dan protabilitas

· Klafisikasi balance sheet

ü Assets Nusantara Pelindo ,PT

a) Aktiva Lancar (Current assets) :Pada perusahaan PT. Pelindo Nusantara terdapat beberapa macam aktiva lancar seperti cash and ekuivalen cash, Account receivable, Merchandise inventory.

b) Aktiva tetap (Fixed assets) : terdapat building after depreciation accumulation, mecine after depreciation accumulation.

c) Aktiva tidak berwujud (Intangiable assets) : terdapat intangiable assets after amortitation accumulation seperti trade mark.

ü Liability and Owners ekuity

a) Hutang jangka pendek (Short term liability) : terdapa Account payable, expenses have to paid.

b) Hutang jangka panjang (Long term liability) : terdapat long term liability for 1 years.

c) Ekuity : terdapat capital from owners ekuity, add capital, retained earning.

· Klasifikasi Cash flow

ü Cash flow from operation activity

Operation expense

a) Income fix line telephone

b) Paid to supplier

c) Employe and direksi expense

Cash get from opration

a) Interest income and giro

b) Paid interst

c) Paid Tax from operation

d) Add short term investation

ü Cash flow from investation

a) Seling fixed assets

b) Purchasing fixed assets

c) Long term investasion

ü Cash flow from finance

a) Long term liability

b) Received from sharing stock

c) Paid liability to the bank

d) Paid deviden

Analisis Laporan keuangan :

ü Likudity Ratio : Mengukur kemampuan jangka pendek perusahaan untuk membayar kewajibanya yang jatuh tempo.

1) Current Ratio : Current assets 85.033.850

Current liability 12.523.600

6.789 (tahun 2004)

Current Ratio : Current assets 72.353.000

Current liability 20.105.900

3.598 (tahun 2003)

2) Quick Test Ratio : Cash+Short term investation+Account receivable

Current liability

4.410.500+12.738.750

12.523.600

= 1.369 (tahun 2004)

Quick Test Ratio : Cash+Short term investation+Account receivable

Current liability

4.210.000+10.560.000

20.109.900

= 0.734 (tahun 2003)

ü Solvability Ratio : Kemampun perusahaan untuk membayar utangnya ketika perusahaan coleps

1) Debt to assets ratio : Total liability 28.535.850

Total Assets 123.433.850

0.231 (tahun 2004)

Debt to assets ratio : Total liability 40.768.600

Total Assets 110.897.000

0.367 (tahun 2003)

2) Debt to Equity Ratio : Total liability 28.535.850

Total ekuity 94.898.000

0.300 (tahun 2004)

Debt to Equity Ratio : Total liability 40.768.600

Total ekuity 70.128.500

0.581ahun 2003)

ü Profability Ratio : Mengukur tingkat keberhasilan atau ke gagalan perusahaan atau divisi tertentu sepanjag suatu priode waktu.

1) Net profit margin : Net profit 13.584.760

Net sales 335.699.200

0.040 (tahun 2004)

Net profit 6.352.500

Net sales 282.766.200

0.22 (tahun 2003)

2) Return on assets : Net profit 13.584.760

Average assets 30.518.109

0.445 (2004)

Net profit 6.352.500

Average assets 30.518.109

0.208 (2003)

ü Activity Rasio : Mengukur seberapa efektif perusahaan menggunakan aktiva yang dimiliki.

1) Receivable turn over : Net sales

Average account receivable

335.699.200

12.738.750

26.352(tahun 2004)

Net sales

Average account receivable

282.766.200

10.560.000

26,777 (tahun 2003)

2) Total assets turn : Net sales 282.766.200

Average assets 30.518.109

11,000 (tahun 2004)

Net sales 335.699.200

Average assets 10.081.545

33.507 (tahun 2003)

Analizing with “Z-score”

Para analyzer financial menggunakan Z-score untuk memperediksi keadaan keuangan perusahaan, apakah termasuk kondisi yang berbahaya untuk janka waktu pandek maupun jangka panjang.

Tahun 2004

Z = Work capital 1,2

Total assets

70.000.000 1.2 = 0.680

123.433.850

Z = Retained earning 1.4

Total assets

21.748.000 1.4 = 0.246

123.433.850

Z = EBIT 3.3

Total assets

20.283.400 3.3 = 0.542

123.433.850

Z = Seles 0.99

Total assets

335.699.200 0.99 = 2.692

123.433.850

Z = Ekuity MV 0.6

Total Liability

94.898.000 0.6 = 1.99

28.535.850

Dari hasil diatas diperoleh jumlah Z score (0.68 0+ 0.246 + 0.542 + 2.692 + 1.997) = 6,157. hasil ini dapat kita simpulkan perusahaan tidak terdapt masalah mengenai laporan keuangannya .