ANALYSIS OF FINANCIAL STATEMENTS PERTAMINA 2017

Abstract

This study was obtained from the PT. Pertamina Balance Sheet and Profit Report in 2017, then
the title is: Analysis of Pertamina's Financial Statements. The goal is to find out the
performance of PT Pertamina. This research was obtained from PT Pertamina's Balance Sheet
and Income Statement. in 2018, the title is: Analysis of Pertamina's Financial Statements. The
aim is to find out the performance of Pertamina in terms of liquidity, solvency, activities and
profitability. The research method is Library Research by exposing existing data in the form of
Balance Sheet and Income reports via the internet where the data are in the form of quantitative
data and in the form of descriptive. Financial statement analysis is performed to determine the
company's financial performance, can also be used as a reference in making decisions that
affect the company's future. The result is that liquidity: current ratio = 1.336, Quick ratio =
11.221.049.9, cash ratio = 0.543 and working capital = 0.077. The solvability is: total debt to
equity ratio = 2.63, total debt to total asset ratio = 0.625, long term to total asset ratio = 1.66,
Tangible Asset dept coverage = 1.94, Time interest earned Ratio = 0.064. Its activities are: Total
asset turnover = 0.256, accounts receivable turnover = 2.67, accounts receivable collection
period = 134.78, inventory turnover = 0, fixed assets turnover = 0.370. While the profitability
are: Gross profit Margin = 1, Net Profit Margin = 0.099, operational profit Margin = 0.141,
Return on Investment = 0.020 and return on equity = 0.07.