ANALISIS RASIO KEUANGAN SEBAGAI ALAT UNTUK MENILAI KINERJA KEUANGAN

Abstract

This study aims to determine the financial performance of pharmaceutical companies listed on the Indonesia Stock Exchange by using financial ratio analysis and compare which company has a good performance. This research method the company uses four financial ratio analysis. As the object of this study is a pharmaceutical company listed on the Indonesia Stock Exchange with a secondary data collection methods 2009-2013 financial statements. For liquidity ratio (current ratio and quick ratio) shows the company PT Taisho Pharmaceutical Indonesia Tbk has a high level of liquidity, solvency ratio (debt to asset ratio and debt to equity ratio) shows the company PT Taisho Pharmaceutical Indonesia Tbk has a lower solvency level, profitability ratio (net profit margin, return on assets and return on equity) shows the company PT Taisho Pharmaceutical Indonesia Tbk has a high level of profitability, activity ratios (total asset turnover) indicates company PT Kimia Farma Tbk has a total asset turnover levels higher , while PT Merck Indonesia Tbk has a good ratio on the activity ratio (fixed asset turnover). From the analysis of the financial ratios indicate PT Taisho Pharmaceutical Indonesia Tbk has good performance seen from the many financial ratios above the industry average when compared with other pharmaceutical companies
Keywords: Analysis of Financial Ratio, Financial Performance, industry average