ANALISIS RASIO KEUANGAN UNTUK MENILAI KINERJA KEUANGAN PERUSAHAAN FARMASI DI BEI

Abstract

The purpose of this research is to find out the financial performance of pharmaceutical companies by using financial ratio analysis and by making comparison which company has good corporate performance in 2011-2015 periods. The research method has been conducted by using financial ratio analyses which include liquidity ratio, activity ratio, solvability ratio, and profitability ratio. The results of this study show that The liquidity PT Darya-Varia Laboratoria Tbk, PT Merck Tbk, and PT Taisho Pharmaceutical Indonesia Tbk has a good liquidity ratio level. The activity ratio is proxy with inventory turnover, total asset turnover, and fixed asset turnover, the activity ratio show that PT Kimia Farma Tbk, PT Kalbe Farma Tbk, PT Merck Tbk, PT Taisho Pharmaceutical Indonesia Tbk, and PT Tempo Scan Pasific Tbk is quite well. The profitability ratio show that PT Kalbe Frama Tbk, PT Merck Tbk, PT Taisho Pharmaceutical Indonesia Tbk and PT Tempo Scan Pasific Tbk have good ratio level. The solvability ratio show that PT Darya-Varia Laboratoria Tbk, PT Kalbe Farma Tbk, PT Merck Tbk, and PT Taisho Pharmaceutical Indonesia Tbk have proper solvability ratio level.
Keywords: liquidity, activity, profitability, solvability, financial performance