223
DCR tahun 2009 ( s/d April ) adalah =
(12,35 + 5.36)M
20,500,000,000
=
0.86
Analisis Debt
Coverage
Ratio
sering disebut juga rasio kecukupan
modal perusahaan,
berdasarkan data diatas, perusahaan memiliki rasio kecukupan modal yang cukup baik.
Tabel 5.25.
Rangkuman Hasil Penelitian & Pengukuran Finansial Tradisional (2009)
Variable
Finansial
2006
Target
2007
Target
2008
Target
2009 (s/d
April
)
Target
Gross
Profit
17 M
n/a
37 M
35 M
57 M
60 M
23 M
120 M
Net Profit
7 M
n/a
12.6 M
15 M
27.8 M
27 M
12.35 M
48 M
COGS
49 M
n/a
64 M
60 M
91 M
90 M
35 M
120 M
Net
Sales
66 M
n/a
101 M
100 M
148 M
150 M
58 M
200 M
CR/WCR
4.095
>2
5
>2
6
>2
7
>2
Quick
Ratio
1.95
>1
2.38
>1
2.91
>1
3.23
>1
Debt
to
Equity
0.213
<1
0.185
<1
0.175
<1
0.157
<1
EBIT/Interest
7
>3
4
>3
13.03
>3
50
>3
Gross
Profit
Margin
25.76%
25%
36.63%
30%
38.51%
35%
39.66%
40%
Net
Profit
Margin
10.61%
10%
12.48%
15%
18.78%
20%
21.29%
25%
ROA
2.44%
3.5%
4.62%
3.5%
10.55%
3.5%
4.74%
3.5%
ROE/ROI
2.96%
3%
5.47%
3%
12.41%
3%
5.49%
3%
Accounts
Receivable
Turnover
6.11
n/a
8.63
n/a
11.75
n/a
2.58
n/a
Days
Receivable
60
60 hr
43
60 hr
32
60 hr
142
60 hr
Inventory
Turnover
4.9
n/a
5.3
n/a
6.07
n/a
1.67
n/a
Sales
to
Total Asset
0.161
n/a
0.259
30%
0.394
40%
0.156
50%
Sales
to
Total Equity
0.195
n/a
0.307
40%
0.4625
50%
0.18
60%
Debt
Coverage
Ratio
0.7
1
1.32
1
2.05
1
0.86
1
Sumber : Data Perusahaan dengan diolah penulis (2009)
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