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Financial Analysis with Liquidity and Profitability

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Financial Analysis with Liquidity and Profitability FINANCIAL ANALYSIS WITH LIQUIDITY AND PROFITABILITY RATIOS OF PERTAMINA AND CHINA PETROLEUM CORPORATION FROM 2013 TO 2018 MERLINA 40800042 CHENG SHIU UNIVERSITY ABSTRACK The purpose of this study is to measure, find out, and compare the financial performance of Pertamina and China Petroleum Corporation (CPC) companies in Taiwan, as measured by liquidity ratios (Current ratios, quick ratios, and cah ratios) and profitability ratios (Net profit margin, return on assets, return on equity, and gross profit margin ratio) using financial statement data from the two companies starting in 2013 to 2018. With the financial statement data analyzed using descriptive methods and trend analysis, the results of the analysis of the two companies show that Pertamina is more superior to Taiwan's CPC. Suggestions for further research are, it is hoped that researchers can increase the scope of company research with other countries, as well as increase financial ratio research to measure and assess the company's financial performance so that it is more detailed to obtain information. Keywords: Liquidity ratios, profitability ratios, company comparisons. 1 ACKNOWLEDGEMENT First I thank "Allah Allah Subhanahu Wa Ta'ala" because of him I was able to complete this research smoothly, and I say many thanks to my supervisor lecturer "Paul" who helped a lot, and guided me to complete this research. , thank you also to the IBI Darmajaya campus for giving me the opportunity to take part in a joint research program and for the Cheng Shiu University campus for accepting me to complete my research. Thank you also to my beloved lecturer, Ms. Krystl, and all my beloved friends who are always there (Cindy, Anas, Amin, Kholik, David, and others) while in Kaohsiung, Taiwan, I offer these to my parents, family, and beloved friends (Lingling) who have supported I. 3 TABLE OF CONTENT ABSTRACK ...................................................................................................................... 1 LEGIMATION .................................................................................................................. 2 ANKNOWLEDGMENT ................................................................................................... 3 TABLE OF CONTENT .................................................................................................... 4 LIST OF FIGURE ............................................................................................................. 5 LIST OF TABLES ............................................................................................................ 6 CHAPTER I INTRODUCTION 1.1 Reseach Background ........................................................................................... 9 1.2 Reseach Question .............................................................................................. 12 1.3 Reseach Objective ............................................................................................. 12 CAHAPTER II LITERATURE REVIEW 2.1 Background of Pertamina ................................................................................. 13 2.2 Background of CPC Taiwan.............................................................................. 14 2.3 Financial Performance and Financial Ratios ..................................................... 15 2.3.1 The Purpose of Evaluating Financial Performance .................................... 16 2.3.2 The Benefits, Strengths and Weaknesses of Financial Performance ......... 16 2.4 .Liquidity Ratio ..................................................................................................17 2.4.1. Current Ratio .............................................................................................. 18 2.4.2. Quick Ratio ................................................................................................ 18 4 2.4.3. Cash Ratio .................................................................................................. 19 2.5 Profitability Ratio ..................................................................................................... 20 2.5.1 Net Profit Margin ......................................................................................... 20 2.5.2 Return on Asset ............................................................................................ 21 2.5.3 Return on Equity .......................................................................................... 21 2.5.4 Gross Profit Margin ..................................................................................... 22 CHAPTER III RESEACH METHOD 3.1 Data Source................................................................................................................ 23 3.2 Data Collection Method ............................................................................................ 23 3.3 Pupulation and Sample .............................................................................................. 23 1.3.1 Population .................................................................................................... 23 2.3.1 Sample .......................................................................................................... 24 3.4 Operational Defination of Variable ........................................................................... 24 3.4.1 Dependent Variables ..................................................................................... 24 3.4.2 Independent Variables .................................................................................. 24 3.4.3 Analysis Method ........................................................................................... 25 CHAPTER IV RESULT 4.1 Reseach Data ............................................................................................................. 26 4.2 Liquidity Ratio .......................................................................................................... 26 4.2.1 Curennt Ratio ................................................................................................ 26 4.2.2 Quick Ratio ................................................................................................... 30 4.2 Cash Ratio ..................................................................................................... 35 4.3 Profitability Ratio ...................................................................................................... 40 4.3.1 Net Profit Margin .......................................................................................... 40 5 4.3.2 Return on Asset............................................................................................. 43 4.3.3 Return on Equity ........................................................................................... 47 4.3.4 Gross Profit Margin ...................................................................................... 50 4.4 Discussion of Resech Result .................................................................................... 53 4.4.1 Current Liabilities ......................................................................................... 54 4.4.2 Quick Ratio ................................................................................................... 54 4.4.3 Cash Ratio ..................................................................................................... 54 4.4.4 Net Profit Margin .......................................................................................... 55 4.4.5 Return on Asset............................................................................................. 55 4.4.6 Return on Equity ........................................................................................... 56 4.4.7 Gross Profit Margin ...................................................................................... 56 CHAPTER V CONCLUSION 5.1 Conclusion ...................................................................................................... 58 5.2 Reseach Limitation and Future Reseach ......................................................... 59 REFRENCES .................................................................................................................. 60 APPENDICES ................................................................................................................. 62 6 LIST OF FIGURE Figure 1.1 The price of crude oil in the world in ten years ............................................. 11 Figure 4.2 Current Ratio of Pertamina and of CPC ......................................................... 27 Figure 4.3 Quick Ratio of Pertamina and of CPC ........................................................... 31 Figure 4.4 Cash Ratio of Pertamina and of CPC ............................................................. 36 Figure 4.5 Net Profit Margin of Pertamina and of CPC .................................................. 40 Figure 4.6 Return on Asset of Pertamina and of CPC ..................................................... 44 Figure 4.7 Return on Equity of Pertamina and of CPC ................................................... 47 Figure 4.8 Gross Profit Margin of Pertamina and of CPC .............................................. 50 7 LIST OF TABLES Table 4.1 Current Ratio of Pertamina and of CPC .......................................................... 27 Table 4.2 Quick Ratio of Pertamina and of CPC ............................................................ 31 Table 4.3 Cash Ratio of Pertamina and of CPC .............................................................
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