MEASURING AND ANALYSING FINANCIAL PERFORMANCE OF COAL MINING COMPANIES LISTED ON THE INDONESIA STOCK EXCHANGE BEFORE AND AFTER THE IMPLEMENTATION OF FAST TRACK PROGRAM 35.000 MEGAWATT OF 2016

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Giovani, Maestro and Daryanto, Wiwiek Mardawiyah (2020) MEASURING AND ANALYSING FINANCIAL PERFORMANCE OF COAL MINING COMPANIES LISTED ON THE INDONESIA STOCK EXCHANGE BEFORE AND AFTER THE IMPLEMENTATION OF FAST TRACK PROGRAM 35.000 MEGAWATT OF 2016. South East Asia Journal of Contemporary Business, Economics and Law, 21 (2). pp. 9-25. ISSN 2289-1560

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Abstract

Government through Presidential Regulation No. 4 of 2016 to accelerate the development of electricity infrastructure including the construction of 35,000 MW power plants by prioritizing the use of new and renewable energy in order to support efforts to reduce glass gas emissions. The purpose of this lesson is to measure and analyze the financial performance of coal mining companies listed on the Indonesia Stock Exchange: PT Adaro Energy Tbk, PT Atlas Resources Tbk, PT Toba Bara Sejahtra Tbk, PT Baramulti Suksessarana Tbk, PT Mitrabara Adiperdana Tbk, PT Bayan Resources Tbk, PT Resource Alam Indonesia Tbk, PT Delta Dunia Makmur Tbk, PT Indo Tambangraya Megah Tbk, and PT Bukit Asam (Persero) Tbk during the period before and after the implementation of the 35,000 MW power plant development program by prioritizing the use of new and renewable energy in 2013-2018 using financial ratio analysis based on SOE Ministerial Decree No. KEP-100 / MBU / 2002. Using the paired t-test statistical method to find out significant differences. The results of measuring and analysing the financial performance are return on equity, return on investment, cash ratio, current ratio, collection period, inventory turnover, total asset turnover, and total equity to total asset ratio. Those will be validated by the government regulation and paired t-test. Toba Bara and Mitrabara got ratings AAA levels. Indo Tambangraya, Bukit Asam, Adaro, Baramulti, Bayan, Delta got rank AA levels. Resource Alam Indonesia got BB level. Atlas Resources was the worst, i.e. CCC level.

Item Type: Article
Subjects: H Social Sciences > HG Finance
Divisions: Research And Community Empowerment > Journals
Depositing User: Dr. Wiwiek Mardawiyah Daryanto
Date Deposited: 17 Nov 2020 02:49
Last Modified: 21 Dec 2021 06:12
URI: http://repository.ipmi.ac.id/id/eprint/939

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