Analisis Rasio Modal Kerja Pada PT. Hm Sampoerna Tbk

Abstract

capital is very important for any company, because almost all companies need working capital to finance the day-to-day operations of the company. Companies must be able to manage working capital well so that operational activities can run smoothly and can achieve the optimal profit as expected by the company. This study aims to analyze and know how the working capital adequacy ratio. This research was conducted at PT. HM Sampoerna Tbk. According to Sutrisno (2009), Working capital is one of the elements of assets that are very important in the company because without working capital the company cannot fill the necessity to run the activities. The method used in this study is descriptive quantitative and analysis tool used is Capital Adequacy Ratio which consists of three types of ratios are the ratio of Total Assets to Net Capital, Current Liabilities to Net Capital and Capital Turnover. The data used are secondary data from financial statements namely balance sheet and income statement from PT. HM Sampoerna Tbk. The results of the study explain that the calculation of the ratio of Total Assets to Net Capital in 2013 to 2016 is quite good. While the calculation of Current Liabilities to Net Capital Ratio in 2013 and 2014 is quite good, but the calculation results in 2015 and 2016 decreased to 0.17 and 0.23. And the calculation results Capital Turnover in 2014 increased, but then declined in 2015 and 2016, indicating liquidity on this ratio more effective. Overall working capital at PT HM Sampoerna Tbk has good working capital management. The results of the working capital adequacy ratio analysis will give an idea of how the company can manage its working capital. Liquidity level at PT. HM Sampoerna Tbk is quite good. This indicates that the adequacy of working capital at PT. HM Sampoerna Tbk is quite stable. We recommend PT. HM Sampoerna Tbk can use and allocate working capital optimally. So the company can cover its short-term liabilities in order for the company to generate profit in each period. Keywords: Capital, Net Capital, Capital Ratio