LIKUIDITAS DAN PERPUTARAN MODAL KERJA PADA PT. KIMIA FARMA (PERSERO) TBK PERIODE TAHUN 2010-2012

Abstract

This study aims to determine the causes of changes in the level of liquidity and working capital turnover rate in at. Kimia Farma (Persero) Tbk Year Period 2010-2012. The data used is the consolidated financial statements 2010-2012. Analysis tools to determine the level of liquidity of a company consists of three (3) ratio, which is the current ratio, quick ratio, and cash ratio. Measurement of working capital turnover can be done by calculating the turnover of working capital elements, calculate the period bound of each element of working capital, summing of each period of the dependent elements of working capital, comparing the length of days in a year or 360 days for a total period tied. The study was conducted by calculating the current ratio, quick ratio, and cash ratio for the years 2010-2012 and then look for changes and growth of these ratios, then known causes of changes in the level of liquidity PT. Kimia Farma (Persero) Tbk Year Period 2010-2012. A study of working capital turnover is done by calculating the velocity of the elements of working capital in 2010-2012 and then look for changes and growth of the working capital turnover that are known causes of changes in working capital turnover rate of PT. Kimia Farma (Persero) Tbk Year Period 2010-2012. As a benchmark for determining the liquidity of a company in accordance with industry standards is the current ratio of 200%, 150% quick ratio, and cash ratio of 50%. For working capital turnover in accordance with industry standards as many as six times in one year. The results showed that the level of liquidity in PT. Kimia Farma (Persero) Tbk Period of 2010-2012 is generally included in the categories above industry standards. Turnover of working capital of PT. Kimia Farma (Persero) Tbk Period of 2010 to 2012 are included in the category below industry standards.