FINANCIAL RATIO ANALYSIS TO ASSESS THE PERFORMANCE OF THE COMPANY IN THE USE OF WORKING CAPITAL (Case Study on PT. Bentoel Internasional Investama, Tbk.)

Abstract

Each company has the same purpose in maintaining the viability of the company
is to get  the maximum benefit or profit. To achieve that purpose, sufficient working
capital in order to carry out activities of daily company operations.
The purpose of this study was to determine how the company's performance in
the use of working capital in PT. Bentoel Internasional Investama, Tbk. measured
activity ratios, profitability ratios, liquidity ratios. The analysis technique used is the
analysis of financial statements using ratio analysis tool that includes activities activity
ratio (Total Asset Turnover, Inventory Turnover, Working Capital Turnover,
Receivables Turnover, Average Collection Period), the ratio of profitability (Return on
Assets, Return on Equity), liquidity ratio (Current Ratio, Quick Ratio, Cash Ratio). The
financial statements were analyzed from 2008 to 2011. From the analysis of the study
found that PT. Bentoel Internasional Investama, Tbk. the activity ratio has increased and
decreased from year to year, only the  working  capital  turnover ratio which always
showed an increase in each year. Judging  from the ratio of profitability, the company
experienced a decline in 2009 and a sharp increase in the ratio in 2010. When viewed
from the liquidity ratios, the company showed a fairly good condition in the current
ratio and the quick ratio, only the cash ratio has decreased from 2010 to 2011.

Key words: Financial Ratio, Performance of the Company, Working Capital of
PT. Bentoel Internasional Investama, Tbk.