Analisis Perbandingan Kinerja Keuangan Sebelum dan Sesudah Initial Public Offering (IPO) Pada PT Wijaya Karya Beton Tbk Pada Tahun 2010-2019

Abstract

        The purpose of this study is to determine and analyze financial performance before and after conducting an initial public offering at PT Wijaya Karya Beton Tbk from 2010-2019. The data needed in this study is secondary data, namely the Financial Statements of PT Wijaya Karya Beton Tbk from 2010 to 2019, then calculated using the financial ratio formula Current Ratio, Debt to Equity Ratio, Return On Assets, Net Profit Margin.

         Based on the results of data analysis using 4 financial ratios, it was found that 4 financial ratios consisting of liquidity ratio (current ratio), solvency ratio (total debt to equity ratio/debt to equity ratio), profitability ratio (return on assets ratio) /return on assets), and profitability ratios (net profit margin).

          From the four ratios, it is found that each financial ratio has increased, namely the liability ratio in terms of the current ratio, the solvency ratio in terms of the debt to equity ratio, and the profitability ratio in terms of return on assets. However, the profitability ratio in terms of net profit margin has decreased after the IPO, therefore the company must think about stabilizing the company's NPM value so that it is better above 5%.