Analisis Penilaian Kinerja Keuangan Berdasarkan Ratio Profitabilitas dan Ratio Solvabilitas pada Perusahaan Subsektor Pertambangan Batu Bara di Bursa Efek Indonesia Tahun 2013 – Kuartal 3 Tahun 2017

Abstract

The purpose of this research is to analyze financial performance assessment based on profitability ratio and solvency ratio in coal mining sub sector company in Indonesia stock exchange year 2013-3Q17. 

The research methodology used is qualitative descriptive method with case study research. Where type of panel data (time series and cross section) derived secondary data from Indonesia Stock Exchange. Sampling technique using purposive sampling method with annual data from 2013 until the year 3rd Quarter of 2017. Data analysis techniques using qualitative by comparing the company's financial performance through the ratio of profitability ratio and solvency ratio. 

The results of this research indicate that the solvency ratio (DER) of ITMG by (40.98%) and GEMS by (43.15%) looked better than ADRO by (85.28%), BYAN by (302.66%), and PTBA by (67.59%) and the industry average of 68.63%. Whereas the solvency ratio (DAR) has a result that is not much different. ITMG by (28.98%) and GEMS by (29.70%) have healthier leverage level compared with ADRO by (45.64%), BYAN by (72.83%) and PTBA by (40.00% ). While the profitability ratio (ROA) of ITMG by (19.01%) and PTBA by (15.83%), looked better than ADRO by (8.43%), BYAN by (10.50%) and GEMS by (8.75%) and industry average equivalent of 3.02%. Then on the profitability ratios (ROE) of PTBA by (21.97%) and ITMG by (16.84%) have better capital utilization rate compared to ADRO by (7.16%), GEMS by (9.88%) and BYAN by (-5.69%) industry average of 3.60%