ANALISIS EFISIENSI PENGGUNAAN MODAL KERJA PERUSAHAAN DENGAN RASIO KEUANGAN

(STUDI KASUS PADA PT. SEMEN BATURAJA. TBK PERIODE TAHUN 2008-2017)

Abstract

The data analysis technique used is descriptive analysis. Based on the results of
the study, it shows that in PT. Semen Baturaja, company current ratio is always in good
condition which is more than 100 that the company is very capable in paying short-term
obligations on time. And the capital issued, the company is able to manage capital well so
that loans can be paid on time. Debt to equity ratio of the company shows that every
capital used by PT. Semen Baturaja is widely is used by its own capital. Debt to asset
ratio shows that the profits owned by the company through the assets of PT. Semen
Baturaja Tbk, it uses its own capital to increase the company's assets and profits. The
ratio of company return on assets often decreases. The return on equity ratio shows that
the company has the advantage of decreasing capital management. Whereas net profit
margin shows decrease in profits to be very small and continues to decline. Inventory
turnover ratio shows that the company is able to manage the existing capital while still
accelerating the inventory turnover in the company. Accounts receivable turnover of the
company has number that continues to decrease significantly which gives an illustration
that the company's assets are not filled with receivables and the company has actual
assets in every period.