ANALISIS KINERJA KEUANGAN BERDASARKAN RASIO AKTIVITAS DAN RASIO PROFITABILITAS PADA PT. BUKIT ASAM TBK TAHUN 2017-2020

Abstract

             This study aims to determine and analyze the financial performance of PT. Bukit Asam Tbk in 2017-2020 based on activity ratios (total assets turnover and inventory turnover), profitability ratios (return on assets and return on equity). The data required is 4 years, namely in 2017 to 2020 obtained from the Indonesia Stock Exchange.

            The theoretical basis used in this research is financial statement analysis. The analytical tools used are total assets turnover and inventory turnover for activity ratios, return on assets and return on equity for profitability ratios.

            The results of this study indicate : 1) Total assets turnover at PT. Bukit Asam Tbk in 2017-2020 on average decreased, the decreased was due to an increase in the number of current assets and fixed assets. 2) Inventory turnover at PT. Bukit Asam Tbk in 2017-2020 on average experienced an increase, the increase was due to a decreased in coal inventory duel to an increase in sales volume. 3) Return on assets at PT. Bukit Asam Tbk in      2017-2020 average decreased, the decreased occurred in net income and total assets. 4) Return on equity at            PT. Bukit Asam Tbk in 2017-2020 average decreased, the decreased occurred in net income and total equity.

            The conclusion of the hypothesis from this research is Financial Performance Analysis Based on Activity Ratio and Profitability Ratios at PT. Bukit Asam Tbk 2017-2020 based on : 1) Activity ratio based on Total Assets Turnover at PT. Bukit Asam Tbk in 2017-2020 on average decreased, thus the hypothesis is accepted.                   2) Activity ratio based on Inventory Turnover at PT. Bukit Asam Tbk in 2017-2020 on average experienced an increase, thus the hypothesis was rejected. 3) Profitability ratio based on Return On Assets at PT. Bukit Asam Tbk in 2017-2020 on average decreased, thus the hypothesis is accepted. 4) Profitability ratio based on Return On Equity at PT. Bukit Asam Tbk in 2017-2020 on average decreased, thus the hypothesis is accepted