ANALISIS KINERJA KEUANGAN SEBELUM DAN SESUDAH AKUISISI PT.SAMPOERNA AGRO,Tbk

Abstract

This research is aimed to find out the difference of the financial performance of PT. Sampoerna Agro, Tbk before and after the acquisition. The data is the secondary which has been obtained from Indonesia Stock Exchange of STIESIA in the form of balance sheet and profit and loss statement. This research does not apply any sample because the researcher conducts the research to the financial performance of PT. Sampoerna Agro, Tbk before and after the acquisition which is listed in Indonesia Stock Exchange (IDX) during 7 periods from 2009 to 2015 has been conducted. Meanwhile, the data analysis technique has been carried out by using financial ratio analysis which includes current ratio, quick ratio, fixed asset turnover, total asset turnover, net profit margin, return on asset, return on equity, t-test, and normality test. Based on the result of financial ratio which has been done by using paired sample t-test, it shows that there are 4 ratios which experience significant changes i.e. fixed asset turnover, net profit margin, return on asset and return on equity. Meanwhile, current ratio, quick ratio and total asset turnover experience insignificant changes.
Keywords: Acquisition, financial statement, financial performance, financial ratio