Financial Performance Analysis and Evaluation of Airline Industry Indonesia: Case Study of PT Garuda Indonesia to Support Vision 2020 "Beyond The Sky" for the Period of 2014-2018

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Prissia, Dika and Daryanto, Wiwiek Mardawiyah (2019) Financial Performance Analysis and Evaluation of Airline Industry Indonesia: Case Study of PT Garuda Indonesia to Support Vision 2020 "Beyond The Sky" for the Period of 2014-2018. International Journal of Business, Economics and Law, 20 (1). pp. 10-21. ISSN 2289-1552

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Abstract

The global airline industry provides services to probably every corner of the world and also proves to be an integral part of the global economy. To be a global airline, PT Garuda Indonesia tbk (the Company) should grow bigger, profitable, and sustainable. The Vision 2020 theme "Beyond the Sky" was appointed as assessed in accordance with the continuous efforts of the Company to continue growing expansively but while maintaining a positive margin, in later life can be paralleled even exceed the global airline more developed countries. This situation requires an excellent performance of State-Owned Enterprises (SOEs) under airline industry, which is ruled by the Ministry of Transportation. This study aims to analyze and measure the financial health conditions of the SOEs under airline industry i.e PT Garuda Indonesia (Persero) Tbk in 2014- 2018. The Decree No.KEP-100/MBU/2002 of Indonesia Ministry of SOEs on June 2002 provides the mandatory of measuring and rating the financial health condition of SOEs. The results of eight financial ratios investigating; 1) return on equity, 2) return on investment, 3) cash ratio, 4) current ratio, 5) collection period, 6) inventory turnover, 7) total asset turnover, 8) total equity to total asset, then be validated by the said Ministry of SOEs Decree to conclude the yearly financial health conditions of each SOEs and also compare with other global competitor (Singapore Airline).. Keywords: financial performance, financial ratios, SOEs, airline industry.

Item Type: Article
Subjects: H Social Sciences > H Social Sciences (General)
H Social Sciences > HE Transportation and Communications
H Social Sciences > HF Commerce > HF5601 Accounting
H Social Sciences > HG Finance
Divisions: Research And Community Empowerment > Journals
Depositing User: Rizky Amalia
Date Deposited: 29 Jan 2020 03:40
Last Modified: 19 Feb 2021 04:48
URI: http://repository.ipmi.ac.id/id/eprint/656

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