Analisis Kinerja Keuangan pada PT X Tbk Periode 2007-2011

Abstract

A financial analysis research was conducted on PT X Tbk in the period of 2007 until 2011 to determine the financial condition, financial performance, and the possibility of bankruptcy in the company. The research was conducted by using the method of financial ratios to determine financial performance. Furthermore it was used the Z-Score Altman and Springate models to analyze bankruptcy possibility. The results showed that the company’s balance sheet and income statement tends to increase, but the financial performance is not profitable. Analysis of bankruptcy during in the period of 2007 until 2011 showed that the company inclined to become bankrupt. If the case was neglected happening without repair policy by management, it was estimated that the company would be bankrupt potentially in the year of 2014.

Suatu penelitian analisis keuangan telah dilakukan terhadap PT X Tbk periode 2007-2011 untuk mengetahui kondisi keuangan, kinerja keuangan, dan kemungkinan kebangkrutan pada perusahaan. Penelitian dilakukan dengan menggunakan metode Rasio Keuangan untuk mengetahui kinerja keuangan. Selanjutnya menggunakan metode Z-Score Altman dan Springate untuk mengetahui kemungkinan kebangkrutan. Hasil penelitian menunjukkan bahwa neraca dan laba rugi perusahaan cenderung mengalami peningkatan, akan tetapi kinerja keuangan perusahaan masih kurang baik. Analisis kebangkrutan selama periode 2007-2011 menunjukkan bahwa perusahaan mengarah kepada kebangkrutan. Jika hal tersebut dibiarkan terjadi tanpa kebijakan perbaikan oleh manajemen, maka diperkirakan pada tahun 2014 perusahaan akan berpotensi bangkrut.