PERBEDAAN KINERJA KEUANGAN ANTARA PT. HM. SAMPOERNA DAN PT. GUDANG GARAM

Abstract

The financial performance is the level of actual achievement which sometimes is used to achieve positive result or
the result from many decisions which is continuously made by the management in order to gain certain
objectives effective and efficient. The capability of the company in running its business can be showed in
financial statement.This research is meant to find out the difference of financial performance between PT. HM.
Sampoerna, Tbk and PT. Gudang Garam, Tbk which can be reviewed from their liquidity level. The analysis
technique has been done by using qualitative and quantitative analysis in which the analysis is done by
conducting calculation on the ratios i.e.: liquidity, profitability, leverage and activity in order to measure the
financial performance of PT. HM. Sampoerna, Tbk and PT. Gudang Garam, Tbk.The hypothesis test has been
done by using independent sample t – test on the significance level of 5 percent.The result of the analysis of
financial performance shows that the performance of liquidity and solvability level of PT Gudang Garam, Tbk. is
better than the performance of PT HM Sampoerna. Meanwhile, the level of activity ratio and profitability shows
that PT HM. Sampoerna, Tbk. is higher than PT Gudang Garam, Tbk. The result of t test shows that from all
instruments which have been used to measure the financial performance between PT Gudang Garam, Tbk and
PT HM. Sampoerna, Tbk only current ratio which shows that there is no difference of financial performance
between these two companies.

Keywords:Liquidity, Solvability, Activity, Profitability.