PROFITABILITY, LIQUIDITY, ACTIVITY, AND SOLVENCY RATIOS ANALYSIS OF CEMENT INDUSTRY IN INDONESIA FOR THE PERIODS OF 2015 – 2018: A Case Study of PT. Holcim Indonesia, Tbk

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Daryanto, Wiwiek Mardawiyah (2019) PROFITABILITY, LIQUIDITY, ACTIVITY, AND SOLVENCY RATIOS ANALYSIS OF CEMENT INDUSTRY IN INDONESIA FOR THE PERIODS OF 2015 – 2018: A Case Study of PT. Holcim Indonesia, Tbk. Working Paper. CV. Putra Media Nusantara (PMN), Surabaya. (Unpublished)

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PROFITABILITY, LIQUIDITY, ACTIVITY, AND SOLVENCY RATIOS ANALYSIS OF CEMENT INDUSTRY IN INDONESIA FOR THE PERIODS OF 2015 – 2018 A Case Study of PT. Holcim Indonesia, Tbk.pdf
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Abstract

Under President Joko Widodo’s leadership, infrastructure is considered as one of the core priorities for Indonesia. This leads to the event, where any material that contribute in every construction projects are highly demanded. One of the main materials used for its foundation is cement. With the ever-growing population that currently happened in Indonesia, the need for large proportion of cement to do the housing is also required. Due to the request for large supply, many companies in this industry are competing to serve the good quality of their production. This tight competition require all cement companies to perform as best as they can in order to retain or even to increase their market share respectively. Therefore, this research was designed to measure and analyze the financial performance of domestic cement company in Indonesia, which is PT Holcim Indonesia, Tbk, which had 15 percent of market share in the country for the periods of 2015 to 2018. This research was utilized financial ratios analysis, such as Return on Asset (RoA), Return on Equity (RoE), Current Ratio, Acid Test (Quick) Ratio, Inventory Turnover (ITO), Total Asset Turnover (TATO), Debt to Equity Ratio (DER), and Financial Leverage Ratio (FLR). The findings of this research indicated that the Company has suffered in high financial risk or insolvent, resulting in the accretion trends of DER and FLR during the period. In addition, the Company was also in illiquid condition with all ratios below 100 percent, and meanwhile the profitability ratios tends to decrease in year 2015 – 2018. However, a growth trend in activity ratios, such as TATO and ITO were happened in year 2018 which mean that the Company has figured way to improve its efficiency in managing resources.

Item Type: Monograph (Working Paper)
Subjects: H Social Sciences > HG Finance
Divisions: Research And Community Empowerment > Research Report
Depositing User: Dr. Wiwiek Mardawiyah Daryanto
Date Deposited: 30 Nov 2020 03:31
Last Modified: 21 Dec 2021 08:53
URI: http://repository.ipmi.ac.id/id/eprint/987

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