ANALISIS RASIO KEUANGAN UNTUK MENILAI KINERJA KEUANGAN PERUSAHAAN PERTAMBANGAN MINERAL DAN LOGAM

Abstract

The purpose of this research is to find out the implementation of financial ratio analysis inorder to assess the financial performance of minerals and metal mining companies in 2011-2014 periods. The quantitative analysis has been applied as the data analysis technique. It has been done by conducting calculation on liquidity ratio, activity ratio, solvability ratio, profitability ratio, and growth ratio and assessing the financial performance based on the ratio guideline on mineral and metal mining companies in 2011-2014 periods. Liquidity ratio shows that PT. Aneka Tambang (persero) Tbk and PT. Vale Indonesia Tbk, have a good financial performance, Solvability ratio shows that all companies have low solvability level; it means that the solvability level of all companies is in good conditions, Profitability ratio for the profit margin of PT. Aneka Tambang (persero) Tbk, PT. Vale Indonesia Tbk, PT. Timah (persero) Tbk have good ratio level, but PT. Cita Tbk has a bad ratio level, Activity ratio for the receivable turn over level and total asset turnover level shows that all companies have good financial performance, The growth ratio of PT. Aneka Tambang (persero) Tbk, has good, PT. Vale Indonesia Tbk, has a bad enhancement level of sales, PT. Timah (persero) Tbk, has bad enhancement level of sales and net profit, PT. Cita Mineral Investindo Tbk overall are good.
Keywords:Likuidity, Solvability, Activity, Growth, and Financial Performance