Measuring Financial Performance of Garuda Indonesia Airline After Initial Public Offering

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Daryanto, Wiwiek Mardawiyah (2018) Measuring Financial Performance of Garuda Indonesia Airline After Initial Public Offering. In: International Conference on Science, Management and Engineering 2018, 22 Oct 2018, The Ritz Carlton, Jakarta, Indonesia. (Submitted)

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This study aims to analyze and measure the financial health conditions of Garuda Indonesia Airline (GIA) as a State-Owned Enterprise (SOE) for the period 2011-2017. The descriptive financial analysis was used to describe, measure, and evaluate the financial health condition of GIA. In addition, the Decree No.KEP-100/MBU/2002 issued by the Indonesia Ministry of SOE in June 2002 was used to validate the results of eight financial ratios investigating i.e., return on equity, return on investment, cash ratio, current ratio, collection period, inventory turnover, total asset turnover, total equity to total asset. The result shows that from 2011 - 2017, GIA has achieved financial healthy condition levels. However, based on Industry Benchmark WACC validation, GIA performances in the past five years could not exceed the industry benchmark. Furthermore, this study has added the knowledge in the financial literature. It also gives a strong insight for managers in the airline industry. Keywords: financial performance, financial ratios, state-owned enterprise, airline

Item Type: Conference or Workshop Item (Paper)
Subjects: H Social Sciences > H Social Sciences (General)
H Social Sciences > HF Commerce > HF5601 Accounting
H Social Sciences > HG Finance
Divisions: Research And Community Empowerment > Proceedings
Depositing User: Rizky Amalia
Date Deposited: 17 Jan 2020 04:25
Last Modified: 22 Dec 2021 04:14

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