Financial Statement Analysis - Bakrie Telecom
Financial Statement Analysis
Bakrie Telecom
Author:
Mohamad Iswan
MME 153072016
Individual Assignment
MAKI 503 ' ACCOUNTING FOR MANAGERS
Faculty Member: Dr. Binsar H. Simanjuntak Ak., MBA, CMA
Date: April 25, 2008
Prasetiya Mulya
MM PROGRAM MAJOR IN STRATEGIC MANAGEMENT
Batch 33
Table of Contents
Preface 1
Analytical Measures 1
Company Profile 3
Short-term Liquidity Analysis 4
Current Ratio 4
Quick Ratio 4
Amount of Working Capital 5
Account Receivable Turnover Rate 6
Long-term Credit Risk Analysis 6
Debt Ratio 6
Trend in Net Cash Provided by Operating Activities 7
Interest Coverage Ratio 7
Profitability Analysis 8
Percentage change 8
Gross profit rate 8
Operating expense ratio 9
Operating income 9
Net income as percentage of net sales 10
Earnings per share 10
Return on assets 10
Return on equity 11
Current Market Price Analysis 12
Market value of financial instrument 12
Price earnings ratio 12
Book value per share 12
Concluding Remarks 13
Financial Highlights 13
Remarks 14
Preface
This document is an individual assignment of MAKI 503 ' Accounting for Managers course, Prasetiya Mulya, MM Program Major in Strategic Management, Batch 33.
The assignment is to analyze financial statement using recent annual report of the chosen publicly owned company, PT. Bakrie Telecom Tbk, to help investors and creditors analyze the financial statements to make an investment decision whether to invest in the equity securities of the company.
Analytical Measures
For the most part, measurement represented in this document has been limited to a considerable extent on the financial statement published in annual and quarterly reports of year 2006 and 2007 only, as Bakrie Telecom listed on the Jakarta Stock Exchange in February 2006. Additional information is filed with the Capital Market Supervisory Board (Bapepam) and is
Bakrie Telecom
Author:
Mohamad Iswan
MME 153072016
Individual Assignment
MAKI 503 ' ACCOUNTING FOR MANAGERS
Faculty Member: Dr. Binsar H. Simanjuntak Ak., MBA, CMA
Date: April 25, 2008
Prasetiya Mulya
MM PROGRAM MAJOR IN STRATEGIC MANAGEMENT
Batch 33
Table of Contents
Preface 1
Analytical Measures 1
Company Profile 3
Short-term Liquidity Analysis 4
Current Ratio 4
Quick Ratio 4
Amount of Working Capital 5
Account Receivable Turnover Rate 6
Long-term Credit Risk Analysis 6
Debt Ratio 6
Trend in Net Cash Provided by Operating Activities 7
Interest Coverage Ratio 7
Profitability Analysis 8
Percentage change 8
Gross profit rate 8
Operating expense ratio 9
Operating income 9
Net income as percentage of net sales 10
Earnings per share 10
Return on assets 10
Return on equity 11
Current Market Price Analysis 12
Market value of financial instrument 12
Price earnings ratio 12
Book value per share 12
Concluding Remarks 13
Financial Highlights 13
Remarks 14
Preface
This document is an individual assignment of MAKI 503 ' Accounting for Managers course, Prasetiya Mulya, MM Program Major in Strategic Management, Batch 33.
The assignment is to analyze financial statement using recent annual report of the chosen publicly owned company, PT. Bakrie Telecom Tbk, to help investors and creditors analyze the financial statements to make an investment decision whether to invest in the equity securities of the company.
Analytical Measures
For the most part, measurement represented in this document has been limited to a considerable extent on the financial statement published in annual and quarterly reports of year 2006 and 2007 only, as Bakrie Telecom listed on the Jakarta Stock Exchange in February 2006. Additional information is filed with the Capital Market Supervisory Board (Bapepam) and is