ANALISIS RASIO SEBAGAI DASAR PENILAIAN KINERJA KEUANGAN PERUSAHAAN SEBELUM DAN SESUDAH GO PUBLIC ( STUDI KASUS PADA PERUSAHAAN FARMASI YANG LISTING PADA BEJ)

Prasetia Purwantoro

Abstract


This research is a descriptive research that is a case of study in the go public company at BEJ entitled ?Analisis Rasio sebagai dasar Penilaian Kerja Keuangan Perusahaan Sebelum dan Sesudah go public (Studi Kasus pada Perusahaan Farmasi yang Listing di BEJ)?.
The purpose of this research is to analyze and to know the finance performance from the company before and after go public and to know the company?s purposes in order to increase the finance performance of the company that has been fulfilled. The instruments that are used in this research consist of three analysis steps. First of all, the researcher analyze the two years finance company?s report before and after go public using ratio analysis. Secondly, to know how the finance performance before and after go public using comparison method that is comparing the two years of ratio analysis result both before and after go public. The third step is to know whether the finance performace that committed go public in the 2001 is better than before go public using trend analysis.
This research has three results. The first result can be recognized in the 1999 up to 2002 that the ratio values from the three companies having fluctuated. The second result of the research showed that the finance performance of the three companies after go public compared to those before go public having different value. In PT Indofarma, the liquidity ratio is increasing after go public. However, the activity ratio, solvability ratio, and profitability ratio are decreasing. In PT Kimia Farma, the liquidity ratio is increasing after go public. However, the activity ratio, solvability ratio, and profitability ratio are decreasing. In PT Pyridam Farma, the liquidity ratio, the activity ratio, and profitability ratio are increasing after go public but the solvability ratio is decreased. The third result of the research is the trend analysis showed that the finance performance of the three companies have been decreased after committed go public compared to those before go public.
Based on the research result, it can be concluded that the finance performance of the three companies after go public having different value and not all of the company?s finance performance is increasing. Moreover, if the average ratio value of those three companies are integrated after go public then the pharmacy company?s finance performance that committed go public in 2001 is decreasing.

 

Keyword : rasio; kinerja keuangan

 

Link Terkait : http://skripsi.umm.ac.id/files/disk1/39/jiptummpp-gdl-s1-2005-prasetiapu-1908-Pendahul-n.pdf


Keywords


rasio; kinerja keuangan