Mitra adi perkasa, tbk

MITRA ADI PERKASA, TbkDECEMBER 31th, 2015

MID-TERM PAPPER WORKFINANCIAL RATIOS

Made by : Edwin Ronald55115120073Magister Management – Mercu Buana University 27 April 2016

ASSETS expressed in IDR.000Account 2015

Fixed Asset, Net 2,673,680,128

Other Current Asset 1,113,052,181

Total Non Current Asset 3,786,732,309

Total Asset 9,482,934,568

Account 2015

Cash and cash equivalents 503,892,183

Account Receivables 571,601,238

Inventories 3,356,489,015

Other Current Asset 1,264,219,823

Total Current Asset 5,696,202,259

MITRA ADI PERKASA, TbkCONSOLIDATED BALANCE SHEETS

Edwin Ronald55115120073

LIABILITIES expressed in IDR.000Account 2015

Capital Stock 830,000

Retained Earning 1,692,102,058

Equity 1,281,978,510

Total Equity 2,974,910,568

Total Liabilities & Equity 9,482,934,568

Account 2015Account Payable 1,155,580,997

Notes Payable 146,230,133

Other Current Liabilities 1,988,723,986

Total Current Liabilities 3,290,535,116

Non Current Liabilities 3,217,488,884

Total Liabilities 6,508,024,000

MITRA ADI PERKASA, TbkCONSOLIDATED BALANCE SHEETS


PROFIT expressed in IDR.000Account 2015

Other Expense 134,983,490

EBIT 148,089,126

Interest 830,000

Tax Expense 1,692,102,058

Net Income 30,095,070

Account 2015Revenue 12,832,798,443 COGS 7,050,083,645

Gross Income 5,782,714,798

Operating Expenses 5,769,609,162

Operation Profit (Loss) 13,105,636

MITRA ADI PERKASA, TbkCONSOLIDATED INCOME STATEMENTS


1. Short-term Solvency or Liquidity Ratiosa. Current Ratio

Current AssetCurrent Liabilities

5,696,202,259 3,290,535,116

1.73

It expressed that every Rp. 1 of Current Liabilities guaranteed by Rp. 1,73 of Current Asset

b. Quick Ratio

Current Asset – InventoriesCurrent Liabilities

2,339,713,244 3,290,535,116

0.71

It expressed that every Rp. 1 of Current Liabilities are guaranteed by Rp. 0,71 of Current Assets beside Inventories

c. Cash Ratio

CashCurrent Liabilities

503,892,183 3,290,535,116

0.15

It expressed that every Rp. 1 of Current Liabilities are guaranteed by Rp. 0,15 of Cash and equivalent

MITRA ADI PERKASA, TbkFINANCIAL RATIOS


d. Net Working Capital to Total Assets Ratio

Net Working CapitalTotal Assets

2,405,667,143 9,482,934,568

0.25

It expressed that 25% of Total Assets are NWC or in other words company have low liquidity rate

e. Interval Ratio

Current AssetsAverage Daily Operating Costs

5,696,202,259 35,122,446

162.18

Company can operate for 162 days from now (5 months 12 days)



2. Long-term Solvency or Financial Leverage Ratiosa. Total Debt Ratio

Total Assets – Total EquityTotal Assets

6,508,024,000 9,482,934,568

0.69

It expressed that 69% of Company Asset are funded by Debt

b. Debt-Equity Ratio

Total DebtTotal Equity

6,508,024,000 2,974,910,568

2.19

It means that total equity are followed by Rp. 2.19 debt or in other words Debt are 2.19 times more than equity or more higher Debt than equity.

c. Equity Multiplier Ratio

Total AssetTotal Equity

9,482,934,568 2,974,910,568

3.19

It means that with every Rp. 1 of equity can make Rp. 3.19 of asset, or it means that every Rp. 1 of equity multiplied to Rp. 3.19 asset.



d. Long-Term Debt Ratio

Long-Term DebtLong-Term + Total Equity

3,217,488,884 6,192,399,452

0.52

It expressed that 52% of fund resources are Debt.

e. Time Interest Ratio

EBITInterest

148,089,126 399,287,490

0.37

It expressed that every every Rp.1 of Interest guaranteed by Rp. 0.37 of EBIT

f. Cash Coverage Ratio

EBIT + DepreciationInterest

3,184,815,647 399,287,490

7.98

It expressed that every every Rp. 1 guaranteed by Rp. 7.98 EBITDA.



3. Asset Management or Turnover Ratiosa. Inventory Ratio

COGSInventory

7,050,083,645 3,356,489,015

2.10

It expressed that inventory turnover are 2.10 times in year.

b. Day’s Sales in Inventory Ratio

365daysInventory Turnover

365 2.10

173.77

It expressed that inventory stay in the warehouse for 174days, more longer the goods in the warehouse showed that it is not sold.

c. Receivable Turnover Ratio

SalesAccount Receivable

11,620,751,764 568,002,842

20.46

it expressed that inventory turnover are 20.46 times.



d. Day’s Sales in Receivable Ratio

365daysReceivable Turnover

365 20.46

17.84

It means that Account Receivable are not collect for 18days.

e. Net Working Capital Turnover est Ratio

SalesNet Working Capital

11,620,751,764 2,405,667,143

4.83

Net Working Capital turnover for 4.83 times in a year.

f. Total Assets Turnover

SalesTotal Assets

11,620,751,764 9,482,934,568

1.23

It expressed that Total Asset turnover for 1.23 times in a year.

g. Fixed Assets Turnover

SalesNet Fixed Assets

11,620,751,764 2,437,927,851

4.77

It expressed that Fixed Asset turnover for 4.77 times in a year.



4. Profitability Ratiosa. Profit Margin Ratio

Net IncomeSales

30,095,070 11,620,751,764

0.26%

It means that Net Income are 0.26% from total sales or every Rp. 1 of sales can make Rp. 0.00259 of income.

b. Return On Asset Ratio (ROA)

Net IncomeTotal Assets

30,095,070 9,482,934,568

0.32%

It expressed that every Rp. 1 of Total Asset can make Net Income of Rp. 0.00317.

c. Return on Equity Ratio (ROE)

Net IncomeTotal Equity

30,095,070 2,974,910,568

1.01%

It expressed that every Rp. 1 of Equity can make Rp. 0.001 of Net Income.



5. Market Value Ratiosa. Earning Per Share (EPS)

Net IncomeShare Outstanding

30,095,0701,660,000,000 0.02

It expressed that each share can make profit for Rp. 0.02.

b. Price-Earnings Ratio

Price per ShareEPS

5000.02

25,000

It expressed that Company Share sold 25.000 times from Income.



c. Price-Sales Ratio

Price per Share(Sales/Share Outstanding)

500(11,620,751,764 –

1,660,000,000)71.42

It expressed every Rp. 1 of Share Price can make Rp. 71.42 of Sales.

b. Price-Earnings Ratio

Market Value per Share(Total Equity/Share Outstanding)

500(2,974,910,568 – 1,660,000,000)

279

It expressed that Market Value of Share 279 times from Book Value.



Du Pont Identitya. Closer look at ROE

Net IncomeTotal Equity

Net Income x AssetsAssets x Total Equity

ROA x ( 1 + Debt to Equity Ratio)

ROE is a part of two other ratio : ROA and Equity Multiplier

Or in the other word it may say ROE are :

Profit Margin x Total Asset Turnover x Equity Multiplier 0.26% x 1.23 x 3.19 1.01

MAP is selling products at a smaller margin, but it is turning over a lot of products as we can see this from its low profit margin and high asset turnover.



BALANCE SHEET - ASSETS

BALANCE SHEET – LIABILITIES & EQUITY

INCOME STATEMENT

EQUITY

THANK YOU

Economy & Finance

Mitra adi perkasa, tbk