Perusahaan Smar

Rasio Keuangan 2015

1. Liquidity Ratio
a. Current Ratio
Current Assets
Current Liabilities
b. Cash Ratio
Current Assets (Cash & Obligation)
Current Liabilities -
c. Quick Ratio
Current Assets (Cash, Obligation and Account Receivable)
Current Liabilities -
d. Net Working Capital Ratio
Current Assets - Current Liabilities (Net Working Capital) -
Total Assets

2. Solvency Ratio
a. Debt Ratio
Total Liabilities
Total Assets -
b. Debt to Equity Ratio
Total Debts (Long Term Liabilities)
Total Equity
c. Equity Ratio
Total Equity -
Total Assets -

3. Activity Ratio
a. Working Capital Turnover
Sales
Current Assets - Current Liabilities -
b. Inventory Turnover
Cost of Sales
Inventory
c. Assets Turnover
Sales -
Total Assets -
d. Receivable Turnover
Sales -
Inventory -
e. Average Collection Period
365 days 365
 Receivable Turnover #DIV/0!

4. Profitability Ratio
a. Net Profit Margin
Net Profit
Sales -
b. Gross Profit Margin
Gross Profit
Sales -
c. Operating Margin
Gross Profit after Expenses
Sales -
d. Retun on Assets
Net Profit -
Total Assets -
e. Return on Equity
Net Profit -
Total Equity -
f. Basic Earning Power Ratio
Gross Profit after Expenses -
Total Assets -

Harga Saham (Per 31 Desember)

2015 2016
Open Rp1,040 Rp494

Highest Rp1,040 Rp1,730

Harga
Lowest Rp463 Rp437

Year End Rp515 Rp1,695

Market Capitalization US$ 1.2 billion US$ 4 billion

Volume 8.1 million 27.1 million

Perusahaan Smartfren

2015 2016 2017 2018

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365 365 365

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2016 2017 2018

Rp494 Rp1,740 Rp1,865

Rp1,730 Rp1,965 Rp2,650

Rp437 Rp1,410 Rp1,215

Rp1,695 Rp1,860 Rp1,215

US$ 4 billion US$ 4.4 billion US$ 2.7 billion

27.1 million 33.5 million 70.5 million

 Liquidity Rati o
Current Ratio Ca s h Ratio Qui ck Ratio Net Worki ng Ca pi ta l Ratio

12.00

10.00

8.00

6.00

4.00

2.00

0.00

Acti vity Rati o

Worki ng Capi ta l Turnover Inventory Turnover As sets Turnover
Recei vabl e Turnover Average Col l ection Peri od

12.00

10.00

8.00
10.00

8.00

6.00

4.00

2.00

0.00
 Solvency Rati
pi ta l Ratio Debt Ratio Debt to Equi ty Rati

12.00

10.00

8.00

6.00

4.00

2.00

0.00

Profi tability Ra
Turnover Net Profit Ma rgi n Gros s Profit Margi n
Return on As s ets Return on Equi ty

12.00

10.00

8.00
10.00

8.00

6.00

4.00

2.00

0.00
 Solvency Rati o
Debt Ratio Debt to Equi ty Ratio Equi ty Ratio

Profi tability Rati o

Ma rgi n Gros s Profit Margi n Operating Margi n
As s ets Return on Equi ty Bas i c Earni ng Power Ratio
 Rasio Keuangan 2015
1. Liquidity Ratio
a. Current Ratio
Total Current Assets 47,912
Total Current Liabilities 35,413
b. Cash Ratio
Total Cash 16,361,961
Total Current Liabilities 35,413
c. Quick Ratio
Total Cash + Trade Receivable 28,117
Total Current Liabilities 35,413
d. Net Working Capital Ratio
Current Assets - Current Liabilities (Net Working Capital) 12,499
Total Assets 166,173

2. Solvency Ratio
a. Debt Ratio
Total Liabilities 72,745
Total Assets 93,428
b. Debt to Equity Ratio
Long Term Liabilities 904,664
Total Equity 93,428
c. Equity Ratio
Total Equity 93,428
Total Assets 166,173

3. Activity Ratio
a. Working Capital Turnover
Sales (Revenue) 102,470
Current Assets - Current Liabilities 12,499
b. Inventory Turnover
Cost of Sales (Revenue) 71,506
Inventory 528
c. Assets Turnover
Sales (Revenue) 102,470
Total Assets 166,173
d. Receivable Turnover
Sales (Revenue) 102,470
Inventory 528
e. Average Collection Period
365 days 365
Receivable Turnover 194.07
4. Profitability Ratio
a. Net Profit Margin
Total Net Profit 23,317
Sales (Revenue) 102,470
b. Gross Profit Margin
Total Gross Profit 31,342
Sales (Revenue) 102,470
c. Operating Margin
Total Gross Profit - Expenses 5,432,960
Sales (Revenue) 102,470
d. Retun on Assets
Total Net Profit 23,317
Total Assets 166,173
e. Return on Equity
Total Net Profit 23,317
Total Equity 93,428
f. Basic Earning Power Ratio
Total Gross Profit - Expenses 5,432,960
Total Assets 166,173

Harga Saham (Per 31 Desember)

2015 2016
Open Rp50 Rp50

Highest Rp57 Rp91

Harga
Lowest Rp51 Rp50

Year End Rp50 Rp53

Market Capitalization Rp 175,309 million Rp 233,169 million

Volume 3,505,941 million 1,087 million

Penghapusbukuan piutang merupakan penghapusbukuan piutang usaha pihak

berelasi dan pihak ketiga. Manajemen berpendapat bahwa saldo provisi atas
penurunan nilai piutang usaha cukup untuk menutup kerugian atas tidak
tertagihnya piutang. Pada tanggal 30 September 2018, piutang usaha tertentu
entitas anak sebesar Rp7.833 miliar telah dijaminkan dalam beberapa
perjanjian pinjaman.
penurunan nilai piutang usaha cukup untuk menutup kerugian atas tidak
tertagihnya piutang. Pada tanggal 30 September 2018, piutang usaha tertentu
entitas anak sebesar Rp7.833 miliar telah dijaminkan dalam beberapa
perjanjian pinjaman.
 Perusahaan Telkomsel
2015 2016 2017 2018

47,701 47,561 43,268

1.35 1.20 1.05 0.94
39,762 45,376 46,261

21,711,366 10,672,333 6,265,488

462.03 546.03 235.20 135.44
39,762 45,376 46,261

29,767 25,145 17,439

0.79 0.75 0.55 0.38
39,762 45,376 46,261

7,939 2,185 - 2,993

0.08 0.04 0.01 -0.01
179,611 198,484 206,196

74,067 86,354 88,893

0.78 0.41 0.44 0.43
179,611 198,484 206,196

1,474,343 1,443,082 1,414,997

9.6830 13.9690 7.2705 6.8624
105,544 198,484 206,196

105,544 198,484 206,196

0.56 0.59 1.00 1.00
179,611 198,484 206,196

102,470 128,256 130,784

8.20 12.91 58.70 -43.70
7,939 2,185 - 2,993

39,223 64,967 72,353

135.43 67.16 102.96 100.91
584 631 717

102,470 128,256 130,784

0.62 0.57 0.65 0.63
179,611 198,484 206,196

102,470 128,256 130,784

194.07 175.46 203.26 182.40
584 631 717

365 365 365

1.88 2.08 1.80 2.00
175.46 203.26 182.40
 29,172 32,701 26,979
0.23 0.28 0.25 0.21
102,470 128,256 130,784

38,189 42,659 36,405

0.31 0.37 0.33 0.28
102,470 128,256 130,784

2,764,875 10,827,703 6,812,382

53.02 26.98 84.42 52.09
102,470 128,256 130,784

29,172 32,701 26,979

0.14 0.16 0.16 0.13
179,611 198,484 206,196

29,172 32,701 26,979

0.25 0.28 0.16 0.13
105,544 198,484 206,196

2,764,875 10,827,703 6,812,382

32.69 15.39 54.55 33.04
179,611 198,484 206,196

2016 2017 2018

Rp50 Rp50 Rp50

Rp91 Rp67 Rp183 Pada 30 September 2018, penuru

dasar pada tingkat bunga pinjam
akan menaikan (menurunkan) ek
Rp50 Rp50 Rp50
masing-masing sebesar Rp78 mi
mengasumsikan bahwa seluruh v
Rp53 Rp50 Rp50 khususnya nilai tukar mata uang

Rp 233,169 million Rp 4,361 million Rp 26,614 million

1,087 million 457 million 13,853 million

Persediaan yang diakui sebagai beban dan termasuk dalam

beban usaha operasi, pemeliharaan, dan jasa telekomunikasi
pada 30 September 2018 dan 2017 masing-masing sebesar
Rp2.155 miliar dan Rp1.993 miliar
Pada 30 September 2018, penurunan (ke
pada tingkat bunga pinjaman bunga men
(menurunkan) ekuitas dan laba atau rug
Rp78 miliar. Analisis mengasumsikan b
lain, pada khususnya nilai tukar mata ua
pada tingkat bunga pinjaman bunga men
(menurunkan) ekuitas dan laba atau rug
Rp78 miliar. Analisis mengasumsikan b
lain, pada khususnya nilai tukar mata ua
 Liquidity Ratio
Current Ratio Cash Ratio Quick Ratio Net Working Capital Ratio

600.00
546.03

500.00
462.03

400.00

300.00

235.20

200.00

100.00

1.35
0.79
0.08 1.20
0.75
0.04 1.05
0.55
0.01
0.00

-100.00

Acti vity Rati o

Worki ng Ca pi tal Turnover Inventory Turnover As s ets Turnover
Recei vable Turnover Avera ge Col l ection Peri od

250.00

203.26
194.07
200.00
175.46

150.00
135.43

102.96
 203.26
194.07
200.00
175.46

150.00
135.43

102.96
100.00

67.16
58.70

50.00

12.91
8.20
1.88
0.62 2.08
0.57 1.80
0.65
0.00

-50.00

-100.00

eptember 2018, penurunan (kenaikan) 25 poin

a tingkat bunga pinjaman bunga mengambang
aikan (menurunkan) ekuitas dan laba atau rugi
asing sebesar Rp78 miliar. Analisis
msikan bahwa seluruh variabel lain, pada
a nilai tukar mata uang asing, tidak berubah.

er 2018, penurunan (kenaikan) 25 poin dasar

a pinjaman bunga mengambang akan menaikan
uitas dan laba atau rugi masing-masing sebesar
isis mengasumsikan bahwa seluruh variabel
nya nilai tukar mata uang asing, tidak berubah.
 a pinjaman bunga mengambang akan menaikan
uitas dan laba atau rugi masing-masing sebesar
isis mengasumsikan bahwa seluruh variabel
nya nilai tukar mata uang asing, tidak berubah.
o S
o Net Working Capital Ratio Debt Ratio

16.00

13.9690
14.00

12.00

9.6830
10.00

235.20 8.00

135.44 6.00

4.00

1.05
0.55
0.01 0.94
0.38
-0.01
2.00
0.78 0.59
0.56 0.41

0.00

o Pr
ver As s ets Turnover Net Profit Ma rgi n
on Peri od Return on As sets

90.00

203.26 80.00

182.40

70.00

60.00

102.96 53.02
100.91
203.26 80.00

182.40

70.00

60.00

102.96 53.02
100.91
50.00

58.70
40.00
32.69

1.80 2.00 30.00 26.98

0.65 0.63

20.00
-43.70 15.39

10.00

0.31
0.23
0.25
0.14 0.37
0.28
0.16
0.00
 Solvency Rati o
Debt Ratio Debt to Equity Ratio Equi ty Ratio

13.9690

7.2705
6.8624

1.00 1.00
0.59
0.41 0.44 0.43

Profi tability Rati o

Net Profit Ma rgi n Gros s Profit Ma rgi n Operating Ma rgin
Return on As sets Return on Equi ty Bas i c Ea rni ng Power Ratio

84.42

54.55
52.09
 54.55
52.09

33.04

26.98

15.39

0.37
0.28
0.16 0.33
0.25
0.16 0.28
0.21
0.13
6.8624

1.00
0.43

52.09
52.09

33.04

0.28
0.21
0.13