Definision of Financial Report
Analysis
Analysis of
the financial
statements is one of the
tasks for each financial managers as internal party who
is responsible for
the company's finances. In
addition to
financial managers, various external parties also have
an interest in
analyzing a
company's financial
statements.
Financial
Statement Analysis is a process of analysis of financial statements, in order
to provide additional information to users of financial statements for economic
decision-making, so the quality of the decisions taken will be better. (Jarwanto
P.S)
We
can conclude financial statement analysis is a decomposition process of the
financial statements to determine the financial condition of the company to be
used on the getting of managerial decisions.
The scope of financial
statement analysis
Analysis of
the financial statements to
evaluate the
financial position and
performance
of an enterprise includes
four main
aspects of the financial:
1.
Liquidity
Analysis
Liquidity analysis is
an analysis of
the short-term perspective. In
general, liquidity
analysis is
an analysis
of the company's
ability to meet
its short term
obligations
2. Solvency Analysis
Analysis of
solvency or solvency
analysis is an analysis of the long-term perspective. In general, solvency analysis
is an analysis of the ability of the company to meet all its obligations,
both short term and long term.
3. Profitability Analysis
Profitability
analysis is usually called the profitability analysis is an analysis of the company's
ability to earn income, either by sale or by investment
4. Cash
Flow Analysis
Analysis of
cash flow is an analysis of cash flows (cash
inflows) and cash
outflow (cash outflow). On this analysis will
be described about where the
sources of cash acquired companies and where
cash is used
by the company.
Profitability
There are several indicators to
measure the level of corporate profitability
1. Gross
Profit Margin
Gross
profit margin is net
sales minus the price comparison of goods sold to net sales ratio between the
net disposal gains dirty. The larger this
ratio the better
2.
Net Profit Margin
Net Profit Margin or
Sales Margin is
used to measure the net profit or net profit per sales
dollars. The greater the number generated, which shows the better performance
3.
Return On Investment (ROI) or Return
On Asset (ROA)
ROI is used to measure the
ability of the capital invested in
total assets to generate net profits. The larger the ratio, the better percentage
4.
Return On Equity (ROE)
Used to measure
the ability of their own capital to generate profits for
shareholders / owners of capital.
The larger the ratio, the better percentage
Return on Asset
Return
on asset is the ratio between the net income after taxes by total assets.
Return on investment is a ratio that measures the overall ability of the
company in generating profits with the total assets available within the
company.
FORMULA:
High profitability ratios indicate high operating
performance, but on the other hand indicate a high risk. This is based on the
premise that when management sets high profitability means available funds
deployed in productive activities so that if there is a problem then the
operation can cause serious disruption to the company .
ROI/ROA = EAT AFTER TAX / TOTAL ASSET
FOR EXAMPLE
Years
|
EAT
|
Total ASSET
|
ROA or ROI (%)
|
2008
|
2.500
|
22.000
|
11.36
|
2009
|
3.000
|
24.000
|
12,5
|
Conclusion
In
2008, every asset that is used to generate a profit of 11,36 % and in 2009, every asset that is used
to generate a profit of 12,5%. The profitability increased in 2009.
The
higher this ratio, the better the state
of a company
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