ANALISIS KINERJA KEUANGAN PERUSAHAAN DENGAN ANALISIS RASIO KEUANGAN PADA PERUSAHAAN TELEKOMUNIKASI YANG TERDAFTAR DI BURSA EFEK INDONESIA PERIODE 2011-2015 - Unika Repository

  LAMPIRAN

LAPORAN KEUANGAN PT TELEKOMUNIKASI INDONESIA

  ITEM 2015 2014 2013 2012 2011

  Revenue 102,470,000,000,000 89,696,000,000,000 82,967,000,000,000 77,143,000,000,000 71,253,000,000,000 Operating Income 32,418,000,000,000 29,206,000,000,000 27,846,000,000,000 25,698,000,000,000 21,958,000,000,000 Net Income 23,317,000,000,000 21,274,000,000,000 20,290,000,000,000 18,362,000,000,000 15,470,000,000,000 EPS

  158 148 148 134 112 DPS

  87.1

  98.6

  82.9

  70.7

  57.7 Kas dan Setara dengan Kas 28,117,000,000,000 17,672,000,000,000 14,696,000,000,000 13,118,000,000,000 9,634,000,000,000 Piutang 7,872,000,000,000 6,848,000,000,000 6,421,000,000,000 5,409,000,000,000 4,433,000,000,000 Persediaan 528,000,000,000 474,000,000,000 509,000,000,000 579,000,000,000 758,000,000,000 Aset Lancar 47,912,000,000,000 34,294,000,000,000 33,075,000,000,000 27,973,000,000,000 21,258,000,000,000 Aset Tetap 118,261,000,000,000 107,528,000,000,000 94,876,000,000,000 83,396,000,000,000 81,796,000,000,000 Total Aset 166,173,000,000,000 141,822,000,000,000 127,951,000,000,000 111,369,000,000,000 103,054,000,000,000 Utang Usaha 13,994,000,000,000 11,830,000,000,000 11,600,000,000,000 7,280,000,000,000 8,317,000,000,000 Utang Jangka Pendek/Utang Lancar 35,413,000,000,000 32,318,000,000,000 28,437,000,000,000 24,107,000,000,000 22,189,000,000,000 Utang Jangka Panjang/Long Term Debt 37,332,000,000,000 23,512,000,000,000 22,090,000,000,000 20,284,000,000,000 19,884,000,000,000 Total Liabilities 72,745,000,000,000 55,830,000,000,000 50,527,000,000,000 44,391,000,000,000 42,073,000,000,000 Ekuitas 93,428,000,000,000 86,125,000,000,000 77,424,000,000,000 66,978,000,000,000 60,981,000,000,000 Laba Ditahan 55,120,000,000,000 47,900,000,000,000 43,291,000,000,000 37,440,000,000,000 31,717,000,000,000 Outstanding Shares 100,799,996,400 100,799,996,400 100,799,996,400 20,159,999,280 20,159,999,280 Interest Rate/Beban Bunga 2,481,000,000,000 1,814,000,000,000 1,504,000,000,000 2,055,000,000,000 1,637,000,000,000 Arus Kas dari Operasi 43,669,000,000,000 37,736,000,000,000 36,574,000,000,000 27,941,000,000,000 30,553,000,000,000 Pembelanjaan Modal 27,938,000,000,000 24,798,000,000,000 19,644,000,000,000 8,221,000,000,000 13,197,000,000,000 Penghapusan Utang 610,000,000,000 668,000,000,000 550,000,000,000 418,000,000,000 176,000,000,000 Harga Saham 3,105 2,865 2,150 1,810 1,410

LAPORAN KEUANGAN PT INDOSAT

  ITEM 2015 2014 2013 2012 2011

  Revenue 26,768,525,000,000 24,085,101,000,000 23,855,272,000,000 22,418,812,000,000 20,529,292,000,000 Operating Income 2,362,110,000,000 646,801,000,000 1,509,216,000,000 3,190,023,000,000 3,164,309,000,000 Net Income (1,163,478,000,000) (1,878,229,000,000) (2,666,459,000,000) 487,416,000,000 1,066,744,000,000 EPS

  (241) (370) (512) 69 178 DPS

  34.52

  76.83

  59.55 Kas dan Setara dengan Kas 3,623,346,000,000 3,480,011,000,000 2,233,532,000,000 3,917,236,000,000 2,224,206,000,000 Piutang 2,741,407,000,000 2,101,127,000,000 2,284,633,000,000 2,061,160,000,000 1,505,756,000,000 Persediaan 39,346,000,000 49,408,000,000 36,004,000,000 52,556,000,000 75,890,000,000 Aset Lancar 9,918,677,000,000 8,590,976,000,000 7,168,980,000,000 8,308,810,000,000 5,767,565,000,000 Aset Tetap 45,469,840,000,000 44,678,721,000,000 47,397,066,000,000 46,916,251,000,000 47,465,447,000,000 Total Aset 55,388,517,000,000 53,269,697,000,000 54,566,046,000,000 55,225,061,000,000 53,233,012,000,000 Utang Usaha 764,142,000,000 690,559,000,000 339,310,000,000 231,737,000,000 319,058,000,000 Utang Jangka Pendek/Utang Lancar 20,052,600,000,000 21,147,814,000,000 13,494,097,000,000 11,015,751,000,000 11,968,067,000,000 Utang Jangka Panjang/Long Term Debt 22,072,076,000,000 17,823,328,000,000 24,300,804,000,000 24,813,926,000,000 22,295,845,000,000 Total Liabilities 42,124,676,000,000 38,971,142,000,000 37,794,901,000,000 35,829,667,000,000 34,263,912,000,000 Ekuitas 13,263,841,000,000 14,298,555,000,000 16,771,145,000,000 19,395,384,000,000 18,969,100,000,000 Laba Ditahan 9,596,118,000,000 10,906,119,000,000 12,914,483,000,000 15,846,721,000,000 15,889,104,000,000 Outstanding Shares 5,433,933,500 5,433,933,500 5,433,933,500 5,433,933,500 5,433,933,500 Interest Rate/Beban Bunga 2,829,464,000,000 2,406,536,000,000 2,212,095,000,000 2,077,350,000,000 1,929,354,000,000 Arus Kas dari Operasi 8,264,993,000,000 7,348,789,000,000 8,393,179,000,000 6,989,453,000,000 7,320,081,000,000 Pembelanjaan Modal 7,426,873,000,000 6,446,992,000,000 9,329,142,000,000 5,789,015,000,000 6,058,410,000,000 Harga Saham 5,500 4,050 4,150 6,450 5,650

LAPORAN KEUANGAN PT EXCEL AXIATA

  ITEM 2015 2014 2013 2012 2011

  Revenue 22,876,182,000,000 23,460,015,000,000 21,265,060,000,000 20,969,806,000,000 18,260,144,000,000 Operating Income 3,139,277,000,000 1,586,582,000,000 2,632,484,000,000 4,352,463,000,000 4,443,363,000,000 Net Income -25,338,000,000 -803,714,000,000 1,032,817,000,000 2,764,647,000,000 2,830,101,000,000 EPS

  (3) (95) 121 324 332 DPS

  63.19 134.89 129.65 106.71 Kas dan Setara dengan Kas 3,311,867,000,000 6,951,316,000,000 1,317,996,000,000 791,805,000,000 998,113,000,000 Piutang 921,042,000,000 1,187,665,000,000 1,332,444,000,000 527,621,000,000 669,978,000,000 Persediaan 78,979,000,000 77,237,000,000 49,218,000,000 49,807,000,000 66,595,000,000 Aset Lancar 10,151,586,000,000 13,309,762,000,000 5,844,114,000,000 3,658,985,000,000 3,387,237,000,000 Aset Tetap 48,692,734,000,000 50,321,122,000,000 34,433,512,000,000 31,796,720,000,000 27,783,417,000,000 Total Aset 58,844,320,000,000 63,630,884,000,000 40,277,626,000,000 35,455,705,000,000 31,170,654,000,000 Utang Usaha 5,283,014,000,000 4,444,464,000,000 3,225,631,000,000 2,653,621,000,000 2,815,069,000,000 Utang Jangka Pendek/Utang Lancar 15,748,214,000,000 15,398,292,000,000 7,931,046,000,000 8,739,996,000,000 8,728,212,000,000 Utang Jangka Panjang/Long Term Debt 29,004,471,000,000 34,184,618,000,000 17,046,433,000,000 11,345,673,000,000 8,749,930,000,000 Total Liabilities 44,752,685,000,000 49,582,910,000,000 24,977,479,000,000 20,085,669,000,000 17,478,142,000,000 Ekuitas 14,091,635,000,000 14,047,974,000,000 15,300,147,000,000 15,370,036,000,000 13,692,512,000,000 Laba Ditahan 7,604,352,000,000 7,596,481,000,000 8,966,266,000,000 9,062,557,000,000 7,426,156,000,000 Outstanding Shares 8,541,381,670 8,541,381,670 8,541,381,670 8,541,381,670 8,541,381,670 Interest Rate/Beban Bunga 1,807,768,000,000 1,697,250,000,000 1,044,832,000,000 782,334,000,000 754,786,000,000 Arus Kas dari Operasi 7,506,407,000,000 8,540,116,000,000 7,166,911,000,000 8,985,420,000,000 8,432,997,000,000 Harga Saham 3,600 4,799 5,129 5,622 4,463

LAPORAN KEUANGAN PT SMARTFREN TELECOM

  ITEM 2015 2014 2013 2012 2011

  Revenue 3,025,755,038,085 2,954,410,048,419 2,428,857,501,221 1,649,165,727,254 954,331,088,460 Operating Income (1,330,545,192,390) (972,652,581,545) (1,611,087,135,238) (1,602,597,403,564) (2,221,628,039,182) Net Income (1,565,410,162,209) (1,382,484,070,808) (2,534,463,228,719) (1,563,090,528,610) (2,400,247,590,614) EPS

  (14) (20) (40) (33) (318) DPS Kas dan Setara dengan Kas 98,828,011,694 721,857,401,448 915,087,107,062 141,301,222,795 227,343,302,579 Piutang 325,452,901,756 245,086,735,785 200,551,096,701 80,885,018,473 59,297,958,934 Persediaan 412,468,675,584 419,187,451,343 343,822,470,348 350,892,993,093 186,833,640,795 Aset Lancar 2,207,746,392,001 2,023,170,122,409 2,014,295,403,669 852,986,796,523 794,529,242,937 Aset Tetap 18,498,166,928,828 15,720,436,885,955 13,852,198,025,888 13,486,820,194,292 11,502,049,407,801 Total Aset 20,705,913,320,829 17,743,607,008,364 15,866,493,429,557 14,339,806,990,815 12,296,578,650,738 Utang Usaha 297,476,226,772 397,476,518,096 436,095,921,473 308,425,972,564 545,081,191,823 Utang Jangka Pendek/Utang Lancar 4,159,191,189,004 6,522,092,930,300 5,539,550,431,186 3,030,849,454,832 3,099,633,529,663 Utang Jangka Panjang/Long Term Debt 9,698,184,538,680 7,214,338,407,460 7,212,766,093,959 6,324,549,357,852 5,927,973,226,410 Total Debt 9,698,184,538,680 7,214,338,407,460 7,212,766,093,959 6,324,549,357,852 5,927,973,226,410 Total Liabilities 13,857,375,727,684 13,736,431,337,760 12,752,316,525,145 9,355,398,812,684 9,027,606,756,073 Ekuitas 6,848,537,593,145 4,007,175,670,604 3,098,118,915,662 4,984,408,178,131 3,268,971,894,665 Laba Ditahan (13,391,122,559,526) (11,832,662,233,044) (10,450,897,515,209) (7,964,888,864,473) (6,402,057,883,694) Outstanding Shares 17,795,870,091 17,795,870,091 17,795,870,091 17,795,870,091 17,795,870,091 Interest Rate/Beban Bunga 407,345,727,283 361,542,361,108 390,141,608,991 367,979,998,582 347,425,729,716 Arus Kas dari Operasi (1,823,419,290,017) (380,920,995,342) (857,536,876,544) (421,602,334,741) (759,729,620,041) Pembelanjaan Modal (2,607,848,834,778) (3,403,464,762,980) (871,046,868,392) (1,534,120,756,749) (2,143,394,002,792) Harga Saham 51 91 54 84

  50

RASIO LIKUIDITAS

  Current Ratio TAHUN

  RATA- NO PERUSAHAAN 2011 2012 2013 2014 2015 RATA PT TELEKOMUNIKASI

  1 INDONESIA

  0.96

  1.16

  1.16

  1.06

  1.35

  1.14

  2 PT INDOSAT

  0.48

  0.75

  0.53

  0.41

  0.49

  0.53

  3 PT EXCEL AXIATA

  0.39

  0.42

  0.74

  0.86

  0.64

  0.61

  4 PT SMARTFREN TELECOM

  0.26

  0.28

  0.36

  0.31

  0.53

  0.35 Cash Ratio

  TAHUN

  RATA- NO PERUSAHAAN 2011 2012 2013 2014 2015 RATA PT TELEKOMUNIKASI

  1 INDONESIA

  0.43

  0.54

  0.52

  0.55

  0.79

  0.57

  2 PT INDOSAT

  0.19

  0.36

  0.17

  0.16

  0.18

  0.21

  3 PT EXCEL AXIATA

  0.11

  0.09

  0.17

  0.45

  0.21

  0.21

  4 PT SMARTFREN TELECOM

  0.07

  0.05

  0.17

  0.11

  0.02

  0.08 Quick Ratio NO PERUSAHAAN

  TAHUN

  0.53

  0.43

  0.25

  0.30

  0.17

  0.20

  4 PT SMARTFREN TELECOM

  0.60

  0.64

  0.86

  0.73

  0.41

  0.38

  3 PT EXCEL AXIATA

  0.49

  RATA- RATA 2011 2012 2013 2014 2015

  0.40

  0.53

  0.75

  0.48

  2 PT INDOSAT

  1.12

  1.34

  1.05

  1.15

  1.14

  0.92

  INDONESIA

  1 PT TELEKOMUNIKASI

  0.27

RASIO SOLVABILITAS

  2.36

  0.69

  0.66

  0.65

  0.65

  0.78

  0.69

  2 PT INDOSAT

  1.81

  1.85

  2.25

  2.73

  3.18

  3 PT EXCEL AXIATA

  RATA- RATA 2011 2012 2013 2014 2015

  0.64

  0.74

  1.11

  2.43

  2.06

  1.40

  4 PT SMARTFREN TELECOM

  2.76

  1.88

  4.12

  3.43

  2.02

  2.84

  1 PT TELEKOMUNIKASI INDONESIA

  Debt to Asset Ratio NO PERUSAHAAN

  TAHUN

  0.76

  RATA- RATA 2011 2012 2013 2014 2015

  1 PT TELEKOMUNIKASI INDONESIA

  0.41

  0.40

  0.39

  0.39

  0.44

  0.41

  2 PT INDOSAT

  0.64

  0.65

  0.69

  0.73

  0.70

  0.73 Debt to Equity Ratio NO PERUSAHAAN

  3 PT EXCEL AXIATA

  0.56

  0.57

  0.62

  0.78

  0.76

  0.66

  4 PT SMARTFREN TELECOM

  0.73

  0.65

  0.80

  0.77

  0.67

  TAHUN Long-Term DER

  TAHUN

  RATA- NO PERUSAHAAN 2011 2012 2013 2014 2015 RATA

  1 PT TELEKOMUNIKASI INDONESIA

  0.33

  0.30

  0.29

  0.27

  0.40

  0.32

  2 PT INDOSAT

  1.18

  1.28

  1.45

  1.25

  1.66

  1.36

  3 PT EXCEL AXIATA

  0.64

  0.74

  1.11

  2.43

  2.06

  1.40

  4 PT SMARTFREN TELECOM

  1.81

  1.27

  2.33

  1.80

  1.42

  1.73 Interest Coverage Ratio/ Time Interest Earned ratio

  TAHUN

  RATA- NO PERUSAHAAN 2011 2012 2013 2014 2015 RATA

  1 PT TELEKOMUNIKASI INDONESIA

  13.41

  12.51

  18.51

  16.10

  13.07

  14.72

  2 PT INDOSAT

  1.64

  1.54

  0.68

  0.27

  0.83

  0.99

  3 PT EXCEL AXIATA

  5.89

  5.56

  2.52

  0.93

  1.74

  3.33

  4 PT SMARTFREN TELECOM -6.39 -4.36 -4.13 -2.69 -3.27 -4.17

  Operating Income to Libilities Ratio

  TAHUN

  RATA- NO PERUSAHAAN 2011 2012 2013 2014 2015 RATA

  1 PT TELEKOMUNIKASI INDONESIA

  0.52

  0.58

  0.55

  0.52

  0.45

  0.52

  2 PT INDOSAT

  0.09

  0.09

  0.04

  0.02

  0.06

  0.06

  3 PT EXCEL AXIATA

  0.25

  0.22

  0.11

  0.03

  0.07

  0.14

  4 PT SMARTFREN TELECOM -0.25 -0.17 -0.13 -0.07 -0.10 -0.14

RASIO PROFITABILITAS

  Return On Asset

  TAHUN

  RATA- NO PERUSAHAAN 2011 2012 2013 2014 2015 RATA

  1 PT TELEKOMUNIKASI INDONESIA 15% 16% 16% 15% 14% 15%

  2 PT INDOSAT 2% 1% -5% -4% -2% -2%

  3 PT EXCEL AXIATA 11% 10% 5% 1% 2% 6%

  4 PT SMARTFREN TELECOM -20% -11% -16% -8% -8% -12% Return On Equity

  TAHUN

  RATA- NO PERUSAHAAN 2011 2012 2013 2014 2015 RATA

  1 PT TELEKOMUNIKASI INDONESIA 25.4% 27.4% 26.2% 24.7% 25.0% 25.7%

  2 PT INDOSAT 5.6% 2.5% -15.9% -13.1% -8.8% -5.9%

  3 PT EXCEL AXIATA 22.3% 19.0% 6.7% -5.5% -0.2% 8.5%

  4 PT SMARTFREN TELECOM -73.4% -31.4% -81.8% -34.5% -22.9% -48.8%

  Operating Profit Margin

  TAHUN

  RATA- NO PERUSAHAAN 2011 2012 2013 2014 2015 RATA

  1 PT TELEKOMUNIKASI INDONESIA 31% 33% 34% 33% 32% 32%

  2 PT INDOSAT 15% 14% 6% 3% 9% 9%

  3 PT EXCEL AXIATA 24% 21% 12% 7% 14% 16%

  4 PT SMARTFREN TELECOM -233% -97% -66% -33% -44% -95% Net Profit Margin

  TAHUN

  RATA- NO PERUSAHAAN 2011 2012 2013 2014 2015 RATA

  1 PT TELEKOMUNIKASI INDONESIA 21.7% 23.8% 24.5% 23.7% 22.8% 23.3%

  2 PT INDOSAT 5.2% 2.2% -11.2% -7.8% -4.3% -3.2%

  3 PT EXCEL AXIATA 15.5% 13.2% 4.9% -3.4% -0.1% 6.0%

  4 PT SMARTFREN TELECOM 251.5% -94.8% 104.3% -46.8% -51.7% -109.8%

RASIO AKTIVITAS

  0.43

  0.13

  0.15

  0.17

  0.15

  0.12

  0.08

  4 PT SMARTFREN TELECOM

  0.49

  0.39

  0.37

  0.53

  0.59

  0.59

  3 PT EXCEL AXIATA

  Asset Turnover NO PERUSAHAAN

  TAHUN

  0.45

  0.44

  0.41

  0.39

  2 PT INDOSAT

  0.66

  0.62

  0.63

  0.65

  0.69

  0.69

  INDONESIA

  1 PT TELEKOMUNIKASI

  RATA- RATA 2011 2012 2013 2014 2015

  0.48

RASIO PASAR

  PER (Price to Earning Ratio)

  TAHUN

  RATA- NO PERUSAHAAN 2011 2012 2013 2014 2015 RATA

  1 PT TELEKOMUNIKASI INDONESIA

  12.60

  13.52

  14.54

  19.34

  19.68

  15.94

  2 PT INDOSAT

  31.70 93.44 -8.11 -10.96 -22.81

  16.65

  3 PT EXCEL AXIATA

  13.44

  17.35 42.39 -50.51 -1200.11 -235.49

  4 PT SMARTFREN TELECOM -0.16 -2.54 -1.35 -4.66 -3.63 -2.47 PBV (Price to Book Value) Ratio

  TAHUN

  RATA- NO PERUSAHAAN 2011 2012 2013 2014 2015 RATA

  1 PT TELEKOMUNIKASI INDONESIA

  0.47

  0.54

  2.80

  3.35

  3.35

  2.10

  2 PT INDOSAT

  1.62

  1.81

  1.34

  1.54

  2.25

  1.71

  3 PT EXCEL AXIATA

  5.80

  6.51

  5.97

  6.08

  4.55

  5.78

  4 PT SMARTFREN TELECOM

  0.27

  0.30

  0.31

  0.40

  0.13

  0.28

  

PIOTROSKI’S F-SCORE

  7

  6

  4

  3

  4

  5

  4 PT SMARTFREN TELECOM

  5

  7

  4

  5

  6

  5

  3 PT EXCEL AXIATA

  6

  6

  NO PERUSAHAAN

  5

  6

  7

  2 PT INDOSAT

  6

  5

  5

  6

  9

  7

  INDONESIA

  1 PT TELEKOMUNIKASI

  RATA- RATA 2011 2012 2013 2014 2015

  TAHUN

  4