LAMPIRANrepository.unika.ac.id/165/8/11.60.0004 Monica Novianti...Rp 22.847.721.000.000 07-Jan-08...
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100 LAMPIRAN
Transcript of LAMPIRANrepository.unika.ac.id/165/8/11.60.0004 Monica Novianti...Rp 22.847.721.000.000 07-Jan-08...
100
LAMPIRAN
101
Perusahaan Target dan Non-target Tahun 2008
No Industri
Perusahaan Target Perusahaan Non-target
Kode
Saham Nama Perusahaan Total Aset
Tanggal
M&A
Kode
Saham Nama Perusahaan Total Aset
1 Perkebunan AALI Astra Agro Lestari Tbk. Rp 6.519.791.000.000 2008 TBLA Tunas Baru Lampung Tbk. Rp 2.802.497.072.000
2 Perkebunan SMAR Smart Tbk. Rp 10.025.915.920.087 29-Apr-08 UNSP
Bakrie Sumatera Plantations
Tbk. Rp 4.700.318.838.000
3 Perikanan DSFI
Dharma Samudera
Fishing Ind Tbk. Rp 245.181.778.818 17-Nov-08 IIKP Inti Kapuas Arowana Tbk. Rp 418.527.593.883
4
Pertambangan
Logam dan Mineral ANTM
Aneka Tambang
(Persero) Tbk. Rp 10.245.040.780.000 Des-08 TINS Timas (Persero) Tbk. Rp 5.785.003.000.000
5
Produksi Minyak
Mentah dan Gas
Alam ENRG
Energi Mega Persada
Tbk. Rp 12.626.622.529.000 01-Apr-08 MEDC
Medco Energi Internasional
Tbk. Rp 1.683.344.892.000
6
Pertambangan
Batubara PTBA
Tambang Batubara
Bukit Asam Tbk. Rp 6.106.828.000.000 19-Sep-08 DOID Delta Dunia Makmur Tbk. Rp 419.996.233.051
7 Bahan Kimia BRPT Barito Pacific Tbk. Rp 17.243.721.000.000 27-Jun-08 UNIC Unggul Indah Cahaya Tbk. Rp 3.107.278.226.000
8
Plastik dan
Kemasan FPNI
Lotte Chemical Titan
Tbk. Rp 3.519.539.252.535 28-Jan-08 TRST Trias Sentosa Tbk. Rp 2.158.865.645.281
9 Industri Kayu SULI Slj Global Tbk. Rp 2.169.944.583.777 Jun-08 TIRT Tirta Mahakam Resources Tbk. Rp 567.227.991.073
10
Makanan dan
Minuman AISA
Tiga Pilar Sejahtera
Food Tbk Rp 1.016.957.755.151 2008 ULTJ Ultra Jaya Milk Industry Tbk. Rp 1.740.646.379.006
11
Properti dan Real
Estate KPIG Mnc Land Tbk. Rp 2.019.232.332.119 28-Okt-08 DILD Intiland Development Tbk. Rp 2.111.152.441.704
12
Properti dan Real
Estate SMRA
Summarecon Agung
Tbk. Rp 3.629.969.131.000 2008 GMTD
Gowa Makassar Tourism
Development Tbk. Rp 287.040.432.423
13
Periklanan,
Percetakan, dan
Media ABBA Mahaka Media Tbk Rp 226.259.164.595
21-Agust-
08 FORU Fortune Indonesia Tbk. Rp 192.732.656.930
14
Periklanan,
Percetakan, dan
Media KBLV First Media Tbk. Rp 1.407.814.407.053 Jun-08 LPLI Star Pacific Tbk. Rp 1.085.231.000.000
102
15
Komputer dan
Layanan ASGR Astra Graphia Tbk. Rp 841.054.201.855 01-Sep-08 MTDL Metrodata Electronics Tbk. Rp 1.288.795.504.203
16 Perdagangan Ritel MAPI Mitra Adiperkasa Tbk. Rp 37.609.693.166.000 08-Des-08 RALS Ramayana Lestari Sentosa Tbk. Rp 71.151.382.996
17 Grosir OKAS
Ancora Indonesia
Resources Tbk. Rp 643.583.742.684 17-Okt-08 BMSR
Bintang Mitra Semestataya
Tbk. Rp 543.472.914.016
18 Grosir UNTR United Tractors Tbk. Rp 22.847.721.000.000 07-Jan-08 TURI Tunas Ridean Tbk. Rp 3.583.326.000.000
103
Perusahaan Target dan Non-target Tahun 2009
No Industri
Perusahaan Target Perusahaan Non-target
Kode
Saham Nama Total Aset
Tanggal
M&A
Kode
Saham Nama Total Aset
1
Produksi Minyak
Mentah dan Gas
Alam ENRG Energi Mega Persada Tbk. Rp 10.252.391.543.000 05-Mei-09 MEDC
Medco Energi International
Tbk.
Rp19.180.788.150.000
2 Semen SMCB Holcim Indonesia Tbk. Rp 7.265.366.000.000 Sep-09 SMGR Semen Indonesia Tbk. Rp12.951.308.161.000
3 Pakan Ternak CPIN
Charoen Pokphand
Indonesia Tbk. Rp 5.349.375.000.000 01-Okt-09 MAIN Mailindo Feedmill Tbk. Rp 885.347.531.000
4 Pakan Ternak JPFA
Japfa Comfeed Indonesia
Tbk. Rp 6.070.137.000.000 01-Des-09 SIPD Sierad Produce Tbk. Rp 1.641.295.139.974
5 Pulp dan Kertas TKIM
Pabrik Kertas Tjiwi Kimia
Tbk. Rp 22.163.109.360.000 26-Nov-09 FASW Fajar Surya Wisesa Tbk. Rp 3.671.234.906.908
6
Makanan dan
Minuman INDF
Indofood Sukses Makmur
Tbk. Rp 40.382.953.000.000 31-Des-09 MYOR Mayora Indah Tbk. Rp 3.246.498.515.952
7 Produsen Tembakau RMBA
Bentoel International
Investama Tbk. Rp 4.302.659.178.165 04-Des-09 HMSP Hm Sampoerna Tbk. Rp17.716.447.000.000
8 Farmasi DVLA
Darya-Valia Laboratoria
Tbk. Rp 783.613.064.000 2009 INAF Indofarma Tbk. Rp 728.034.877.647
9
Properti dan Real
Estate ELTY
Bakrieland Development
Tbk. Rp 11.592.631.487.233 2009 LPKR Lippo Karawaci Tbk. Rp12.127.644.010.796
10 Transportasi APOL
Arpeni Pratama Ocean
Line Tbk. Rp 6.771.972.501.119 2009 HITS
Humpuss Intermoda
Transportasi Tbk. Rp 2.164.500.729.000
11 Transportasi MIRA
Mitra International
Resources Tbk. Rp 9.270.084.267.918 19-Jan-09 SMDR Samudra Indonesia Tbk. Rp 5.778.199.014.000
12 Transportasi INDX Tanah Laut Tbk. Rp 42.886.552.704 23-Jun-09 RAJA Rukun Raharja Tbk. Rp 70.041.389.448
13 Transportasi WEHA
Panorama Transportasi
Tbk. Rp 155.438.315.840 2009 SAFE Steady Safe Tbk. Rp 116.213.353.040
104
Perusahaan Target dan Non-target Tahun 2010
No Industri
Perusahaan Target Perusahaan Non-target
Kode
Saham Nama Total Aset
Tanggal
M&A
Kode
Saham Nama Total Aset
1 Perkebunan UNSP
Bakrie Sumatera
Plantations Tbk. Rp 18.502.257.139.000 26-Apr-10 SMAR Smart Tbk. Rp 12.476.642.000.000
2 Perkebunan SGRO
Sampoerna Agro
Tbk. Rp 2.876.847.106.000 2010 GZCO Gozco Plantations Tbk. Rp 2.095.795.869.754
3
Produksi Minyak Mentah
dan Gas Alam ENRG
Energi Mega Persada
Tbk. Rp 11.762.035.570.000 24-Nov-10 ELSA Elnusa Tbk. Rp 3.678.566.000.000
4
Pertambangan Logam dan
Mineral ANTM
Aneka Tambang
(Persero) Tbk. Rp 12.310.732.099.000 28-Des-10 TINS Timas (Persero) Tbk. Rp 5.881.108.000.000
5 Bahan Kimia BRPT Barito Pacific Tbk. Rp 16.015.188.000.000 09-Jun-10 TPIA
Chandra Asri
Petrochemical Tbk. Rp 3.003.086.000.000
6 Pakan Ternak JPFA
Japfa Comfeed
Indonesia Tbk. Rp 6.979.762.000.000 01-Jan-10 CPIN
Charoen Pokphand
Indonesia Tbk. Rp 6.518.276.000.000
7 Otomotif ASII
Astra International
Tbk. Rp112.857.000.000.000 Des-10 GJTL Gajah Tunggal Tbk. Rp 10.371.567.000.000
8 Makanan dan Minuman AISA
Asia Natural
Resources Tbk. Rp 1.936.949.441.138 Des-10 MLBI
Multi Bintang Indonesia
Tbk. Rp 1.137.082.000.000
9 Produsen Tembakau RMBA
Bentoel International
Investama Tbk. Rp 4.902.597.000.000 01-Jan-10 HMSP Hm Sampoerna Tbk. Rp 20.525.123.000.000
10 Farmasi MERK Merck Tbk. Rp 107.332.050.000 15-Jul-10 PYFA Pyridam Farma Tbk. Rp 100.586.999.230
11 Properti dan Real Estate CTRA
Ciputra Development
Tbk. Rp 9.378.342.136.927 2010 BSDE
Bumi Serpong Damai
Tbk. Rp 11.694.747.901.551
12 Properti dan Real Estate KPIG MNC Land Tbk. Rp 2.591.913.170.503 22-Jun-10 CTRS Ciputra Surya Tbk. Rp 2.609.229.793.505
13 Transportasi MIRA
Mitra International
Resources Tbk. Rp 7.903.777.214.122 2010 SMDR Samudra Indonesia Tbk. Rp 5.673.217.221.000
14 Transportasi RAJA Rukun Raharja Tbk. Rp 917.864.720.226 27-Okt-10 RIGS Rig Tenders Tbk. Rp 880.447.154.500
15 Transportasi WEHA Panorama Rp 230.380.012.133 2010 IATA Indonesia Transport & Rp 593.412.811.000
105
Transportasi Tbk. Infrastructure Tbk.
16 Konstruksi Non-bangunan INDY Indika Energy Tbk. Rp 11.458.782.987.000 Sep-10 TRUB
Truba Alam Manunggal
Engineering Tbk. Rp 6.400.426.639.000
17 Grosir INTA Intraco Penta Tbk. Rp 1.634.903.848.219 25-Mar-10 TGKA Tigaraksa Satria Tbk. Rp 1.741.975.270.457
18 Grosir UNTR United Tractors Tbk. Rp 29.700.914.000.000 15-Jul-10 AKRA AKR Corporindo Tbk. Rp 7.665.590.356.000
19 Perdagangan Ritel MAPI
Mitra Adiperkasa
Tbk. Rp 3.670.503.683.000 06-Okt-10 RALS
Ramayana Lestari
Sentosa Tbk. Rp 3.485.982.000.000
20
Restoran, Hotel, dan
Pariwisata PLIN
Plaza Indonesia
Realty Tbk. Rp 4.430.888.110.000 24-Mei-10 JSPT
Jakarta Setiabudi
Internasional Tbk. Rp 2.480.132.870.520
21
Periklanan, Percetakan, dan
Media MNCN
Media Nusantara
Citra Tbk. Rp 8.196.543.000.000 19-Mar-10 SCMA Surya Citra Media Tbk. Rp 2.515.567.387.000
22
Periklanan, Percetakan, dan
Media ABBA Mahaka Media Tbk. Rp 399.906.465.038 19-Agust-10 FORU Fortune Indonesia Tbk. Rp 276.010.507.553
23 Perusahaan Investasi BNBR
Bakrie & Brothers
Tbk. Rp 31.768.029.375.000 10-Mar-10 BHIT PT Mnc Investama Tbk. Rp 16.602.739.000.000
106
Perusahaan Target dan Non-target Tahun 2011
N
o Industri
Perusahaan Target Perusahaan Non-target
Kode
Saham Nama Total Aset
Tanggal
M&A
Kode
Saham Nama Total Aset
1
Pertambangan
Batubara ADRO Adaro Energy Tbk. Rp 11.795.681.820.000 01-Agust-11 ITMG
Indo Tambangraya Megah
Tbk. Rp14.313.602.230.000
2
Produksi Minyak
Mentah dan Gas Alam ENRG Energi Mega Persada Tbk. Rp 17.354.833.906.000 Des-11 RUIS
Radiant Utama Interinsco
Tbk. Rp 985.922.224.185
3
Produksi Minyak
Mentah dan Gas Alam MEDC
Medco Energi Internasional
Tbk. Rp 23.462.520.160.000 16-Des-11 ELSA Elnusa Tbk. Rp 4.389.950.000.000
4
Pertambangan Logam
dan Mineral ANTM
Aneka Tambang (Persero)
Tbk. Rp 15.201.235.077.000 27-Jan-11 INCO Vale Indonesia Tbk. Rp21.935.118.360.000
5
Keramik, Kaca, dan
Porselen KIAS
Keramika Indonesia
Assosiasi Tbk. Rp 2.049.632.940.571 Jun-11 AMFG Asahimas Flat Glass Tbk. Rp 2.690.595.000.000
6 Bahan Kimia SOBI
Sorini Agro Asia
Corporindo Tbk. Rp 1.545.616.169.000 28-Jan-11 BUDI
Budi Starch & Sweetner
Tbk. Rp 2.123.285.000.000
7 Pakan Ternak CPIN
Charoen Pokphand
Indonesia Tbk. Rp 8.848.204.000.000 28-Mar-11 JPFA
Japfa Comfeed Indonesia
Tbk. Rp 5.147.932.000.000
8 Otomotif ASII Astra International Tbk. Rp153.521.000.000.000 Agust-11 IMAS
Indomobil Sukses
Internasional Tbk. Rp12.913.941.646.042
9 Tekstil dan Pakaian PBRX Pan Brothers Tbk. Rp 1.515.038.439.895 13-Mei-11 ARGO Argo Pantes Tbk. Rp 1.452.871.000.000
Tekstil dan Pakaian MYRX Hanson International Tbk. Rp 861.974.534.206 17-Jun-11 SSTM
Sunson Textile Manufacture
Tbk. Rp 843.450.156.961
1
1
Makanan dan
Minuman PSDN Prasidha Aneka Niaga Tbk. Rp 421.366.000.000 24-Jun-11 ADES
Akasha Wira International
Tbk. Rp 316.048.000.000
1
2
Makanan dan
Minuman AISA
Tiga Pilar Sejahtera Food
Tbk. Rp 3.590.309.000.000 Agust-11 ULTJ
Ultra Jaya Milk Industry
Tbk. Rp 2.179.181.979.434
1
3
Properti dan Real
Estate KIJA
Kawasan Industri Jababeka
Tbk. Rp 5.597.356.750.923 06-Okt-11 BKSL Sentul City Tbk. Rp 5.290.382.916.872
1
4
Properti dan Real
Estate PWON Pakuwon Jati Tbk. Rp 5.744.711.035.000 2011 DILD Intiland Development Tbk. Rp 5.691.909.741.708
1
5
Properti dan Real
Estate RBMS
Ristia Bintang
Mahkotasejati Tbk. Rp 135.937.211.458 2011 BAPA Bekasi Asri Pemula Tbk. Rp 148.084.624.723
107
1
6 Telekomunikasi INVS Inovisi Infracom Tbk. Rp 2.594.806.458.056 2011 BTEL Bakrie Telecom Tbk. Rp12.213.109.168.767
1
7 Transportasi RAJA Rukun Raharja Tbk. Rp 871.144.970.117 Mar-11 RIGS Rig Tenders Tbk. Rp 807.808.815.300
1
8 Transportasi TRAM Trada Insanlestari Tbk. Rp 2.595.439.845.250 01-Jan-11 HITS
Humpuss Intermoda
Transportasi Tbk. Rp 1.478.872.391.000
1
9 Grosir AKRA AKR Corporindo Tbk. Rp 8.308.243.768.000 08-Des-11 EPMT
Enseval Putra Megatrading
Tbk. Rp 4.370.747.246.546
2
0 Grosir SQMI Renuka Coalindo Tbk. Rp 138.130.929.229 1-Nov-11 KONI
Perdana Bangun Pusaka
Tbk. Rp 75.295.780.109
2
1 Perdagangan Ritel LPPF
Matahari Department Store
Tbk. Rp 2.422.472.000.000 2011 CSAP
Catur Sentosa Adiprana
Tbk. Rp 2.009.181.636.000
2
2
Restoran, Hotel, dan
Pariwisata ICON
Island Concepts Indonesia
Tbk. Rp 91.607.561.440 16-Jun-11 PTSP
Pioneerindo Gourmet
International Tbk. Rp 133.432.783.525
2
3
Periklanan,
Percetakan, dan Media MNCN Media Nusantara Citra Tbk. Rp 8.798.230.000.000 2011 KBLV First Media Tbk. Rp 3.693.447.000.000
2
4 Perusahaan Investasi BNBR Bakrie & Brothers Tbk. Rp 25.212.650.666.000 31-Okt-11 BHIT MNC Investama Tbk. Rp18.857.504.000.000
2
5 Perusahaan Investasi BMTR Global Mediacom Tbk. Rp 15.111.603.000.000 2011 MLPL Multipolar Tbk. Rp14.314.707.000.000
108
Lampiran 2 : Data Mentah dan Data Diolah untuk Model I
Data current ratio (CR)
Data current ratio (CR) sampel 2008 :
Nama Perusahaan Aset Lancar
(1)
Liabilitas Lancar
(2)
CR
(3)
=(1)/(2)
AALI Rp 1.647.854.000.000 Rp 1.027.958.000.000 1,60
SMAR Rp 3.766.817.852.450 Rp 2.189.600.301.935 1,72
DSFI Rp 208.838.164.477 Rp 125.228.941.673 1,67
ANTM Rp 8.048.099.750.000 Rp 1.798.816.747.000 4,47
ENRG Rp 2.405.703.364.000 Rp 3.688.449.706.000 0,65
BRPT Rp 4.813.153.000.000 Rp 2.379.186.000.000 2,02
SULI Rp 544.830.960.281 Rp 474.087.939.018 1,15
AISA Rp 226.961.019.957 Rp 301.803.844.913 0,75
ABBA Rp 65.508.016.815 Rp 43.384.465.444 1,51
ASGR Rp 399.385.006.468 Rp 298.995.081.597 1,34
MAPI Rp 1.513.549.411.000 Rp 703.522.910.000 2,15
UNTR Rp 7.036.656.000.000 Rp 5.253.733.000.000 1,34
TBLA Rp 981.727.587.000 Rp 542.010.928.000 1,81
UNSP Rp 1.427.343.468.000 Rp 449.843.843.000 3,17
IIKP Rp 51.799.869.292 Rp 6.135.625.815 8,44
TINS Rp 3.922.668.000.000 Rp 1.350.230.000.000 2,91
MEDC Rp 7.000.537.105.395 Rp 3.556.598.039.197 1,97
UNIC Rp 1.247.034.938.177 Rp 1.150.490.546.099 1,08
TIRT Rp 367.369.154.971 Rp 197.402.057.481 1,86
ULTJ Rp 551.946.694.997 Rp 232.730.774.018 2,37
FORU Rp 170.866.539.721 Rp 99.611.003.436 1,72
MTDL Rp 1.007.582.605.155 Rp 787.115.567.517 1,28
RALS Rp 1.836.007.000.000 Rp 654.461.000.000 2,81
TURI Rp 1.732.262.000.000 Rp 1.510.338.000.000 1,15
109
Data current ratio (CR) sampel 2009 :
Nama Perusahaan Aset Lancar
(1)
Liabilitas Lancar
(2)
CR
(3)
=(1)/(2)
ENRG Rp 2.855.961.043.000 Rp 1.568.473.664.000 1,82
SMCB Rp 1.924.756.000.000 Rp 1.143.456.000.000 1,68
CPIN Rp 3.109.597.000.000 Rp 2.380.193.000.000 1,31
JPFA Rp 3.433.619.000.000 Rp 1.980.816.000.000 1,73
INDF Rp 14.598.422.000.000 Rp 16.262.161.000.000 0,90
RMBA Rp 3.053.065.247.805 Rp 1.231.918.706.229 2,48
DVLA Rp 457.417.280.000 Rp 110.647.028.000 4,13
ELTY Rp 4.769.627.774.064 Rp 1.915.042.060.526 2,49
APOL Rp 2.695.442.805.323 Rp 2.112.965.175.443 1,28
MIRA Rp 1.790.061.721.006 Rp 2.704.444.265.964 0,66
MEDC Rp 9.447.666.241.500 Rp 4.246.172.395.960 2,22
SMGR Rp 7.083.421.705.000 Rp 2.092.099.489.000 3,39
MAIN Rp 538.229.850.000 Rp 461.457.443.000 1,17
SIPD Rp 752.241.102.679 Rp 329.377.922.874 2,28
MYOR Rp 1.684.852.654.975 Rp 769.800.272.970 2,19
HMSP Rp 11.037.287.000.000 Rp 7.642.207.000.000 1,44
INAF Rp 844.984.109.182 Rp 634.575.747.111 1,33
LPKR Rp 9.105.490.028.675 Rp 5.466.823.068.956 1,67
HITS Rp 565.054.502.000 Rp 693.264.142.000 0,82
SMDR Rp 1.959.034.143.000 Rp 1.273.380.806.000 1,54
Data current ratio (CR) sampel 2010 :
Nama Perusahaan Aset Lancar
(1)
Liabilitas Lancar
(2)
CR
(3)
=(1)/(2)
UNSP Rp 666.219.885.000 Rp 659.502.236.000 1,01
SGRO Rp 615.541.739.000 Rp 235.648.479.000 2,61
ENRG Rp 2.009.919.273.000 Rp 4.258.804.108.000 0,47
ANTM Rp 5.436.847.017.000 Rp 747.531.096.000 7,27
BRPT Rp 6.122.175.000.000 Rp 2.832.156.000.000 2,16
110
JPFA Rp 3.968.640.000.000 Rp 1.798.979.000.000 2,21
ASII Rp 36.595.000.000.000 Rp 26.735.000.000.000 1,37
AISA Rp 434.645.160.429 Rp 370.658.878.009 1,17
RMBA Rp 2.791.034.406.507 Rp 1.049.582.137.852 2,66
MERK Rp 343.148.415.000 Rp 68.108.811.000 5,04
CTRA Rp 4.631.738.101.538 Rp 330.856.846.485 14,00
MIRA Rp 1.757.129.069.024 Rp 8.408.438.298.697 0,21
WEHA Rp 21.534.315.301 Rp 42.052.749.695 0,51
INDY Rp 4.876.089.016.000 Rp 1.32.491.174.000 3,53
UNTR Rp 11.969.001.000.000 Rp 7.225.966.000.000 1,66
MAPI Rp 1.839.970.087.000 Rp 1.270.111.329.000 1,45
PLIN Rp 730.744.230.000 Rp 847.178.914.000 0,86
MNCN Rp 4.785.995.000.000 Rp 1.351.966.000.000 3,54
BNBR Rp 4.315.755.212.000 Rp 6.803.459.004.000 0,63
SMAR Rp 4.351.304.881.434 Rp 2.754.439.338.105 1,58
GZCO Rp 363.843.288.697 Rp 127.362.627.247 2,86
ELSA Rp 2.548.026.000.000 Rp 1.661.190.000.000 1,53
TINS Rp 3.244.475.000.000 Rp 1.103.074.000.000 2,94
TPIA Rp 1.790.981.000.000 Rp 555.153.000.000 3,23
CPIN Rp 3.281.275.000.000 Rp 1.805.400.000.000 1,82
GJTL Rp 3.375.286.000.000 Rp 1.333.179.000.000 2,53
MLBI Rp 561.482.000.000 Rp 852.194.000.000 0,66
HMSP Rp 12.688.643.000.000 Rp 6.747.030.000.000 1,88
PYFA Rp 45.490.491.276 Rp 21.669.515.056 2,10
BSDE Rp 2.977.501.735.000 Rp 922.503.199.000 3,23
SMDR Rp 1.486.762.569.000 Rp 1.291.038.720.000 1,15
IATA Rp 157.376.969.000 Rp 188.752.073.000 0,83
TRUB Rp 4.495.626.157.000 Rp 1.873.771.876.000 2,40
AKRA Rp 2.694.116.102.000 Rp 2.810.284.269.000 0,96
RALS Rp 1.758.933.000.000 Rp 626.179.000.000 2,81
JSPT Rp 588.339.447.299 Rp 693.266.657.654 0,85
SCMA Rp 1.275.605.721.000 Rp 370.203.585.000 3,45
BHIT Rp 7.227.400.000.000 Rp 4.068.381.000.000 1,78
111
Data current ratio (CR) sampel 2011 :
Nama Perusahaan Aset Lancar
(1)
Liabilitas Lancar
(2)
CR
(3)
=(1)/(2)
ADRO Rp 10.200.290.000.000 Rp 5.793.531.000.000 1,76
ENRG Rp 1.924.741.246.000 Rp 3.141.048.154.000 0,61
MEDC Rp 9.187.361.524.917 Rp 4.498.362.950.184 2,04
ANTM Rp 7.593.630.426.000 Rp 1.989.071.312.000 3,82
KIAS Rp 500.547.902.370 Rp 328.468.135.984 1,52
CPIN Rp 4.274.636.000.000 Rp 1.461.341.000.000 2,93
ASII Rp 46.843.000.000.000 Rp 37.124.000.000.000 1,26
PBRX Rp 672.135.854.352 Rp 547.887.829.363 1,23
PSDN Rp 268.737.972.457 Rp 194.443.610.157 1,38
AISA Rp 666.008.990.671 Rp 518.294.102.694 1,29
KIJA Rp 664.391.848.606 Rp 1.446.634.341.215 0,46
PWON Rp 524.376.493.000 Rp 501.458.461.000 1,05
RBMS Rp 75.515.201.781 Rp 2.536.339.926 29,77
INVS Rp 98.591.810.391 Rp 176.859.267.124 0,56
RAJA Rp 171.099.504.858 Rp 459.390.515.287 0,37
TRAM Rp 620.410.207.812 Rp 197.476.366.252 3,14
AKRA Rp 4.028.177.791.000 Rp 3.844.218.419.000 1,05
SQMI Rp 16.653.454.927 Rp 2.474.978.340 6,73
LPPF Rp 1.471.328.000.000 Rp 1.464.894.000.000 1,00
MNCN Rp 5.201.103.000.000 Rp 2.604.665.000.000 2,00
BNBR Rp 14.875.032.847.000 Rp 6.346.001.214.000 2,34
BMTR Rp 5.937.277.000.000 Rp 3.197.581.000.000 1,86
ITMG Rp 5.467.903.623.000 Rp 2.980.759.257.000 1,83
RUIS Rp 391.570.254.562 Rp 261.859.632.718 1,50
ELSA Rp 2.040.659.000.000 Rp 1.271.960.000.000 1,60
INCO Rp 6.405.255.000.000 Rp 1.422.873.000.000 4,50
AMFG Rp 1.283.712.000.000 Rp 325.854.000.000 3,94
JPFA Rp 4.435.214.000.000 Rp 1.686.714.000.000 2,63
IMAS Rp 4.509.195.840.356 Rp 4.216.611.387.508 1,07
ARGO Rp 197.513.887.000 Rp 324.297.485.000 0,61
ADES Rp 131.881.000.000 Rp 87.255.000.000 1,51
112
ULTJ Rp 955.441.890.578 Rp 477.557.754.724 2,00
BKSL Rp 3.222.304.849.467 Rp 572.949.397.543 5,62
DILD Rp 2.284.957.562.735 Rp 557.289.817.544 4,10
BAPA Rp 40.346.622.177 Rp 33.911.115.043 1,19
BTEL Rp 1.436.140.216.095 Rp 1.759.605.829.930 0,82
RIGS Rp 213.418.207.161 Rp 275.583.401.739 0,77
HITS Rp 601.819.161.000 Rp 678.735.309.000 0,89
EPMT Rp 2.734.592.131.811 Rp 1.419.238.896.623 1,93
KONI Rp 58.705.523.998 Rp 52.416.535.492 1,12
CSAP Rp 1.257.862.089.000 Rp 1.076.522.152.000 1,17
KBLV Rp 201.565.580.920 Rp 823.812.236.964 0,24
BHIT Rp 7.467.037.000.000 Rp 5.017.965.000.000 1,49
MLPL Rp 6.993.267.000.000 Rp 3.705.603.000.000 1,89
113
Data Total Asset Turnover (TATO)
Data total asset turnover (TATO) sampel 2008 :
Nama
Perusahaan
Penjualan
(1)
Total Aset(t)
(2)
Total Aset(t-1)
(3)
Rata-Rata Total Aset
(4) = ((2)+(3))/2
TATO
(5) =
(1)/(4)
AALI Rp 5.960.954.000.000 Rp 5.352.986.000.000 Rp 3.496.955.000.000 Rp 4.424.970.500.000 0,79
SMAR Rp 8.079.714.530.631 Rp 8.063.168.750.738 Rp 5.311.930.881.824 Rp 6.687.549.816.281 0,79
DSFI Rp 250.855.413.870 Rp 306.161.442.270 Rp 223.260.218.825 Rp 264.710.830.548 0,84
ANTM Rp 12.008.202.498.000 Rp 12.037.916.922.000 Rp 7.292.142.247.000 Rp 9.665.029.584.500 0,75
ENRG Rp 1.137.542.666.000 Rp 9.378.194.413.000 Rp 8.773.842.813.000 Rp 9.076.018.613.000 0,97
BRPT Rp 336.850.000.000 Rp 16.912.119.000.000 Rp 1.739.140.000.000 Rp 9.325.629.500.000 0,19
SULI Rp 1.073.890.281.326 Rp 1.895.845.309.043 Rp 1.520.602.499.553 Rp 1.708.223.904.298 0,89
AISA Rp 499.870.479.242 Rp 515.609.051.582 Rp 363.932.553.117 Rp 439.770.802.350 0,83
ABBA Rp 112.063.699.609 Rp 159.175.951.594 Rp 150.189.394.612 Rp 154.682.673.103 0,97
ASGR Rp 725.580.692.316 Rp 624.557.293.214 Rp 584.838.895.959 Rp 604.698.094.587 0,97
MAPI Rp 3.886.432.845.000 Rp 2.959.914.328.000 Rp 2.265.420.200.000 Rp 2.612.667.264.000 0,87
UNTR Rp 18.165.598.000.000 Rp 13.002.619.000.000 Rp 11.247.846.000.000 Rp 12.125.232.500.000 0,93
TBLA Rp 1.844.206.985.000 Rp 2.457.120.118.000 Rp 2.049.162.958.000 Rp 2.253.141.538.000 0,91
UNSP Rp 1.949.017.782.000 Rp 4.310.903.584.000 Rp 1.783.001.195.000 Rp 3.046.952.389.500 0,59
IIKP Rp 80.885.288.773 Rp 412.547.889.537 Rp 393.225.112.551 Rp 402.886.501.044 0,98
TINS Rp 8.542.393.000.000 Rp 5.032.712.000.000 Rp 3.462.222.000.000 Rp 4.247.467.000.000 0,82
MEDC Rp 9.248.295.073.746 Rp 20.227.589.704.148 Rp 16.611.077.063.460 Rp 18.419.333.383.804 0,90
UNIC Rp 3.001.991.881.456 Rp 2.623.497.193.645 Rp 2.866.964.836.799 Rp 2.745.231.015.222 1,04
TIRT Rp 772.315.937.806 Rp 553.388.405.827 Rp 570.117.317.643 Rp 561.752.861.735 1,01
114
ULTJ Rp 1.126.799.918.436 Rp 1.362.829.538.011 Rp 1.249.080.371.256 Rp 1.305.954.954.634 0,96
FORU Rp 332.221.816.659 Rp 190.445.660.564 Rp 146.987.424.992 Rp 168.716.542.778 0,87
MTDL Rp 2.712.986.628.572 Rp 1.162.250.916.208 Rp 740.800.479.831 Rp 951.525.698.020 0,78
RALS Rp 4.892.649.000.000 Rp 2.917.525.000.000 Rp 2.527.942.000.000 Rp 2.722.733.500.000 0,93
TURI Rp 4.412.018.000.000 Rp 3.345.245.000.000 Rp 2.857.847.000.000 Rp 3.101.546.000.000 0,92
Data total asset turnover (TATO) sampel 2009 :
Nama
Perusahaan
Penjualan
(1)
Total Aset(t)
(2)
Total Aset(t-1)
(3)
Rata-Rata Total Aset
(4) = ((2)+(3))/2
TATO
(5) =
(1)/(4)
ENRG Rp 1.859.071.111.000 Rp 12.626.622.529.000 Rp 9.378.194.413.000 Rp11.002.408.471.000 0,17
SMCB Rp 4.803.377.000.000 Rp 7.674.980.000.000 Rp 7.208.250.000.000 Rp 7.441.615.000.000 0,65
CPIN Rp 13.212.988.000.000 Rp 5.178.540.000.000 Rp 4.760.491.000.000 Rp 4.969.515.500.000 2,66
JPFA Rp 11.524.719.000.000 Rp 5.384.809.000.000 Rp 4.043.497.000.000 Rp 4.714.153.000.000 2,44
INDF Rp 38.799.279.000.000 Rp 39.594.264.000.000 Rp29.527.466.000.000 Rp34.560.865.000.000 1,12
RMBA Rp 5.940.801.161.593 Rp 4.455.531.963.727 Rp 3.859.160.327.022 Rp 4.157.346.145.375 1,43
DVLA Rp 577.598.911.000 Rp 637.660.844.000 Rp 560.930.742.000 Rp 599.295.793.000 0,96
ELTY Rp 1.053.840.389.404 Rp 8.334.991.485.092 Rp 5.708.016.471.125 Rp 7.021.503.978.109 0,15
APOL Rp 2.570.052.050.461 Rp 7.294.275.941.253 Rp 4.930.022.293.512 Rp 6.112.149.117.383 0,42
MIRA Rp 1.196.766.028.087 Rp 12.552.923.001.780 Rp 1.126.906.613.222 Rp 6.839.914.807.501 0,17
MEDC Rp 14.085.289.223.850 Rp 21.683.448.924.700 Rp23.868.507.889.500 Rp22.775.978.407.100 0,62
SMGR Rp 12.209.846.050.000 Rp 10.602.963.724.000 Rp 8.515.227.431.000 Rp 9.559.095.577.500 1,28
MAIN Rp 1.729.647.254.000 Rp 859.934.901.000 Rp 504.826.872.000 Rp 682.380.886.500 2,53
SIPD Rp 2.331.686.331.402 Rp 1.384.706.617.390 Rp 1.294.772.758.402 Rp 1.339.739.687.896 1,74
115
MYOR Rp 3.907.674.046.231 Rp 2.922.998.415.036 Rp 1.893.175.019.860 Rp 2.408.086.717.448 1,62
HMSP Rp 34.680.445.000.000 Rp 16.133.819.000.000 Rp15.680.542.000.000 Rp15.907.180.500.000 2,18
INAF Rp 1.478.585.255.395 Rp 965.811.675.903 Rp 1.009.437.678.208 Rp 987.624.677.056 1,50
LPKR Rp 2.553.306.718.090 Rp 11.787.777.210.609 Rp10.533.371.748.079 Rp11.160.574.479.344 0,23
HITS Rp 930.316.493.000 Rp 2.967.702.324.000 Rp 2.048.314.964.000 Rp 2.508.008.644.000 0,37
SMDR Rp 5.105.014.871.000 Rp 5.928.068.882.000 Rp 3.971.871.173.000 Rp 4.949.970.027.500 1,03
Data total asset turnover (TATO) sampel 2010 :
Nama
Perusahaan
Penjualan
(1)
Total Aset(t)
(2)
Total Aset(t-1)
(3)
Rata-Rata Total Aset
(4) = ((2)+(3))/2
TATO
(5) =
(1)/(4)
UNSP Rp 2.325.282.030.000 Rp 5.071.797.313.000 Rp 4.700.318.837.000 Rp 4.886.058.075.000 0,48
SGRO Rp 1.815.557.167.000 Rp 2.261.798.239.000 Rp 2.156.164.013.000 Rp 2.208.981.126.000 0,82
ENRG Rp 1.444.368.739.000 Rp 10.252.391.543.000 Rp 12.626.622.529.000 Rp 11.439.507.036.000 0,13
ANTM Rp 8.711.370.255.000 Rp 9.939.996.438.000 Rp 10.245.040.780.000 Rp 10.092.518.609.000 0,86
BRPT Rp 14.392.940.000.000 Rp 16.375.286.000.000 Rp 17.243.721.000.000 Rp 16.809.503.500.000 0,86
JPFA Rp 14.340.277.000.000 Rp 6.070.137.000.000 Rp 5.384.809.000.000 Rp 5.727.473.000.000 2,50
ASII Rp 98.526.000.000.000 Rp 88.938.000.000.000 Rp 80.740.000.000.000 Rp 84.839.000.000.000 1,16
AISA Rp 533.194.383.227 Rp 1.347.036.482.667 Rp 1.016.957.755.151 Rp 1.181.997.118.909 0,45
RMBA Rp 6.081.726.161.346 Rp 4.302.659.178.165 Rp 4.455.531.963.727 Rp 4.379.095.570.946 1,39
MERK Rp 751.403.033.000 Rp 433.970.635.000 Rp 375.064.492.000 Rp 404.517.563.500 1,86
CTRA Rp 1.332.371.525.317 Rp 8.553.946.343.429 Rp 8.108.443.360.875 Rp 8.331.194.852.152 0,16
MIRA Rp 2.714.464.693.551 Rp 9.270.084.267.918 Rp 12.552.923.001.780 Rp 10.911.503.634.849 0,25
WEHA Rp 92.606.609.515 Rp 155.438.315.840 Rp 132.430.346.297 Rp 143.934.331.069 0,64
116
INDY Rp 2.486.579.636.000 Rp 11.683.614.752.000 Rp 8.710.186.004.000 Rp 10.196.900.378.000 0,24
UNTR Rp 29.241.883.000.000 Rp 24.404.828.000.000 Rp 22.847.721.000.000 Rp 23.626.274.500.000 1,24
MAPI Rp 4.112.215.038.000 Rp 3.379.394.233.000 Rp 3.760.969.316.000 Rp 3.570.181.774.500 1,15
PLIN Rp 551.705.287.000 Rp 4.432.187.924.000 Rp 4.070.400.812.000 Rp 4.251.294.368.000 0,13
MNCN Rp 3.923.845.000.000 Rp 7.641.364.000.000 Rp 8.015.122.000.000 Rp 7.828.243.000.000 0,50
BNBR Rp 7.631.762.309.000 Rp 27.381.757.067.000 Rp 25.417.965.773.000 Rp 26.399.861.420.000 0,29
SMAR Rp 14.201.230.455.621 Rp 10.210.594.909.953 Rp 10.025.915.920.087 Rp 10.118.255.415.020 1,40
GZCO Rp 407.905.583.636 Rp 1.993.045.927.634 Rp 1.428.610.334.862 Rp 1.710.828.131.248 0,24
ELSA Rp 3.662.331.000.000 Rp 4.210.421.000.000 Rp 3.317.816.000.000 Rp 3.764.118.500.000 0,97
TINS Rp 7.709.856.000.000 Rp 4.855.712.000.000 Rp 5.785.003.000.000 Rp 5.320.357.500.000 1,45
TPIA Rp 4.739.684.000.000 Rp 2.747.915.000.000 Rp 2.374.666.000.000 Rp 2.561.290.500.000 1,85
CPIN Rp 14.559.005.000.000 Rp 5.349.375.000.000 Rp 5.178.540.000.000 Rp 5.263.957.500.000 2,77
GJTL Rp 7.936.432.000.000 Rp 8.877.146.000.000 Rp 8.713.559.000.000 Rp 8.795.352.500.000 0,90
MLBI Rp 1.616.264.000.000 Rp 993.465.000.000 Rp 941.389.000.000 Rp 967.427.000.000 1,67
HMSP Rp 38.972.186.000.000 Rp 17.716.447.000.000 Rp 16.133.819.000.000 Rp 16.925.133.000.000 2,30
PYFA Rp 132.000.542.048 Rp 99.937.383.195 Rp 98.655.309.435 Rp 99.296.346.315 1,33
BSDE Rp 1.270.592.451.000 Rp 4.592.836.482.000 Rp 4.381.085.317.000 Rp 4.486.960.899.500 0,28
SMDR Rp 4.262.046.802.000 Rp 5.778.199.014.000 Rp 5.928.068.882.000 Rp 5.853.133.948.000 0,73
IATA Rp 239.365.322.000 Rp 562.169.537.000 Rp 603.909.384.000 Rp 583.039.460.500 0,41
TRUB Rp 2.727.511.498.000 Rp 6.601.158.639.000 Rp 7.234.689.821.000 Rp 6.917.924.230.000 0,39
AKRA Rp 8.959.841.972.000 Rp 6.059.070.429.000 Rp 4.874.850.950.000 Rp 5.466.960.689.500 1,64
RALS Rp 4.310.395.000.000 Rp 3.209.210.000.000 Rp 3.004.059.000.000 Rp 3.106.634.500.000 1,39
JSPT Rp 958.100.438.225 Rp 2.598.210.491.391 Rp 2.688.409.851.745 Rp 2.643.310.171.568 0,36
SCMA Rp 1.614.415.100.000 Rp 2.359.836.581.000 Rp 2.322.301.901.000 Rp 2.341.069.241.000 0,69
BHIT Rp 5.465.757.000.000 Rp 17.109.257.000.000 Rp 17.764.631.000.000 Rp 17.436.944.000.000 0,31
117
Data total asset turnover (TATO) sampel 2011 :
Nama
Perusahaan
Penjualan
(1)
Total Aset(t)
(2)
Total Aset(t-1)
(3)
Rata-Rata Total Aset
(4) = ((2)+(3))/2
TATO
(5) =
(1)/(4)
ADRO Rp 24.689.333.000.000 Rp 40.600.921.000.000 Rp 42.465.408.000.000 Rp 41.533.164.500.000 0,59
ENRG Rp 1.249.710.407.000 Rp 11.762.035.570.000 Rp 10.252.391.543.000 Rp 11.007.213.556.500 0,11
MEDC Rp 8.360.312.368.950 Rp 20.482.111.518.867 Rp 19.180.788.153.200 Rp 19.831.449.836.034 0,42
ANTM Rp 8.744.300.219.000 Rp 12.310.732.099.000 Rp 9.939.996.438.000 Rp 11.125.364.268.500 0,79
KIAS Rp 582.295.693.684 Rp 1.266.122.276.023 Rp 1.320.515.798.062 Rp 1.293.319.037.043 0,45
CPIN Rp 15.077.822.000.000 Rp 6.518.276.000.000 Rp 5.349.375.000.000 Rp 5.933.825.500.000 2,54
ASII Rp 129.991.000.000.000 Rp112.857.000.000.000 Rp 88.938.000.000.000 Rp 100.897.500.000.000 1,29
PBRX Rp 1.428.090.019.385 Rp 887.284.106.449 Rp 819.565.245.320 Rp 853.424.675.885 1,67
PSDN Rp 928.526.978.567 Rp 414.611.350.180 Rp 353.628.509.667 Rp 384.119.929.924 2,42
AISA Rp 705.219.823.456 Rp 1.936.949.441.138 Rp 1.568.829.044.876 Rp 1.752.889.243.007 0,40
KIJA Rp 597.419.779.479 Rp 3.335.857.281.974 Rp 3.193.997.429.182 Rp 3.264.927.355.578 0,18
PWON Rp 1.228.007.783.000 Rp 3.937.325.624.000 Rp 3.476.869.704.000 Rp 3.707.097.664.000 0,33
RBMS Rp 15.781.552.358 Rp 117.301.086.414 Rp 119.183.355.777 Rp 118.242.221.096 0,13
INVS Rp 330.502.298.560 Rp 1.122.418.457.348 Rp 185.825.165.102 Rp 654.121.811.225 0,51
RAJA Rp 792.801.877.156 Rp 917.864.720.226 Rp 70.062.068.674 Rp 493.963.394.450 1,60
TRAM Rp 405.931.452.735 Rp 2.184.537.656.953 Rp 1.614.884.544.393 Rp 1.899.711.100.673 0,21
AKRA Rp 12.194.997.466.000 Rp 7.665.590.356.000 Rp 6.059.070.429.000 Rp 6.862.330.392.500 1,78
118
SQMI Rp 40.824.154.997 Rp 22.043.201.043 Rp 26.568.599.172 Rp 24.305.900.108 1,68
LPPF Rp 2.369.344.000.000 Rp 5.413.870.000.000 Rp 1.523.789.000.000 Rp 3.468.829.500.000 0,68
MNCN Rp 4.855.907.000.000 Rp 8.196.543.000.000 Rp 7.641.364.000.000 Rp 7.918.953.500.000 0,61
BNBR Rp 13.109.304.596.000 Rp 31.768.029.375.000 Rp 26.388.029.532.000 Rp 29.078.029.453.500 0,45
BMTR Rp 6.326.514.000.000 Rp 12.959.942.000.000 Rp 13.481.189.000.000 Rp 13.220.565.500.000 0,48
ITMG Rp 14.998.714.272.000 Rp 9.797.546.646.000 Rp 11.266.567.400.000 Rp 10.532.057.023.000 1,42
RUIS Rp 1.048.158.672.581 Rp 594.952.096.488 Rp 564.166.737.925 Rp 579.559.417.207 1,81
ELSA Rp 4.210.786.000.000 Rp 3.678.566.000.000 Rp 4.210.421.000.000 Rp 3.944.493.500.000 1,07
INCO Rp 11.486.907.000.000 Rp 19.712.115.000.000 Rp 19.261.782.000.000 Rp 19.486.948.500.000 0,59
AMFG Rp 2.426.138.000.000 Rp 2.372.657.000.000 Rp 1.972.397.000.000 Rp 2.172.527.000.000 1,12
JPFA Rp 13.955.792.000.000 Rp 6.979.762.000.000 Rp 6.070.137.000.000 Rp 6.524.949.500.000 2,14
IMAS Rp 10.935.334.616.535 Rp 7.985.019.561.240 Rp 5.093.148.275.101 Rp 6.539.083.918.171 1,67
ARGO Rp 664.257.009.000 Rp 1.428.233.566.000 Rp 1.461.055.966.000 Rp 1.444.644.766.000 0,46
ADES Rp 218.748.000.000 Rp 324.493.000.000 Rp 178.287.000.000 Rp 251.390.000.000 0,87
ULTJ Rp 1.880.411.473.916 Rp 2.006.595.762.260 Rp 1.732.701.994.634 Rp 1.869.648.878.447 1,01
BKSL Rp 443.547.589.878 Rp 4.814.315.153.733 Rp 2.784.021.782.133 Rp 3.799.168.467.933 0,12
DILD Rp 842.715.805.156 Rp 4.599.239.260.454 Rp 2.140.126.674.921 Rp 3.369.682.967.688 0,25
BAPA Rp 54.492.641.149 Rp 136.358.827.789 Rp 134.883.970.713 Rp 135.621.399.251 0,40
BTEL Rp 2.765.083.613.989 Rp 12.352.891.387.578 Rp 11.436.275.048.755 Rp 11.894.583.218.167 0,23
RIGS Rp 394.803.513.288 Rp 667.028.947.356 Rp 959.712.382.800 Rp 813.370.665.078 0,49
HITS Rp 389.914.669.000 Rp 1.759.229.042.000 Rp 2.164.500.729.000 Rp 1.961.864.885.500 0,20
EPMT Rp 9.713.882.916.261 Rp 3.254.770.280.292 Rp 2.986.182.416.539 Rp 3.120.476.348.416 3,11
KONI Rp 77.888.958.822 Rp 84.841.378.260 Rp 93.116.815.117 Rp 88.979.096.689 0,88
CSAP Rp 3.345.986.618.000 Rp 1.704.910.741.000 Rp 1.385.588.393.000 Rp 1.545.249.567.000 2,17
KBLV Rp 832.581.303.860 Rp 1.663.245.463.580 Rp 1.611.360.469.900 Rp 1.637.302.966.740 0,51
119
BHIT Rp 6.831.838.000.000 Rp 16.602.739.000.000 Rp 17.109.257.000.000 Rp 16.855.998.000.000 0,41
MLPL Rp 2.102.528.000.000 Rp 14.016.686.000.000 Rp 11.868.377.000.000 Rp 12.942.531.500.000 0,16
120
Data Net Profit Margin (NPM)
Data net profit margin (NPM) sampel 2008 :
Nama
Perusahaan
Laba Bersih
(1)
Penjualan
(2)
NPM
(3) =
(1)/(2)
AALI Rp 1.973.428.000.000 Rp 5.960.954.000.000 0,331
SMAR Rp 988.943.863.116 Rp 8.079.714.530.631 0,122
DSFI Rp 2.095.661.112 Rp 250.855.413.870 0,008
ANTM Rp 5.132.460.443.000 Rp 12.008.202.498.000 0,427
ENRG Rp 115.637.762.000 Rp 1.137.542.666.000 0,102
BRPT Rp 44.533.000.000 Rp 336.850.000.000 0,132
SULI Rp 27.604.122.104 Rp 1.073.890.281.326 0,026
AISA Rp 15.759.724.561 Rp 499.870.479.242 0,032
ABBA Rp 3.159.209.443 Rp 112.063.699.609 0,028
ASGR Rp 72.074.000.366 Rp 725.580.692.316 0,099
MAPI Rp 115.429.279.000 Rp 3.886.432.845.000 0,030
UNTR Rp 1.493.037.000.000 Rp 18.165.598.000.000 0,082
TBLA Rp 97.227.232.000 Rp 1.844.206.985.000 0,053
UNSP Rp 206.575.272.000 Rp 1.949.017.782.000 0,106
IIKP Rp 20.875.623.580 Rp 80.885.288.773 0,258
TINS Rp 1.784.592.000.000 Rp 8.542.393.000.000 0,209
MEDC Rp 61.642.720.852 Rp 9.248.295.073.746 0,007
UNIC Rp 33.204.103.694 Rp 3.001.991.881.456 0,011
TIRT Rp 788.068.768 Rp 772.315.937.806 0,001
ULTJ Rp 30.316.644.576 Rp 1.126.799.918.436 0,027
FORU Rp 7.282.334.767 Rp 332.221.816.659 0,022
MTDL Rp 28.480.083.561 Rp 2.712.986.628.572 0,010
RALS Rp 366.809.000.000 Rp 4.892.649.000.000 0,075
TURI Rp 189.816.000.000 Rp 4.412.018.000.000 0,043
121
Data net profit margin (NPM) sampel 2009 :
Nama
Perusahaan
Laba Bersih
(1)
Penjualan
(2)
NPM
(3) =
(1)/(2)
ENRG Rp (34.943.284.000) Rp 1.859.071.111.000 -0,02
SMCB Rp 282.220.000.000 Rp 4.803.377.000.000 0,06
CPIN Rp 253.977.000.000 Rp 13.212.988.000.000 0,02
JPFA Rp 253.412.000.000 Rp 11.524.719.000.000 0,02
INDF Rp 1.034.389.000.000 Rp 38.799.279.000.000 0,03
RMBA Rp 239.137.880.999 Rp 5.940.801.161.593 0,04
DVLA Rp 70.819.094.000 Rp 577.598.911.000 0,12
ELTY Rp 272.099.571.370 Rp 1.053.840.389.404 0,26
APOL Rp 9.915.582.088 Rp 2.570.052.050.461 0,00
MIRA Rp (464.953.120.286) Rp 1.196.766.028.087 -0,39
MEDC Rp 3.068.234.840.250 Rp 14.085.289.223.850 0,22
SMGR Rp 2.523.544.472.000 Rp 12.209.846.050.000 0,21
MAIN Rp 9.041.886.000 Rp 1.729.647.254.000 0,01
SIPD Rp 27.253.530.872 Rp 2.331.686.331.402 0,01
MYOR Rp 196.230.049.693 Rp 3.907.674.046.231 0,05
HMSP Rp 3.895.280.000.000 Rp 34.680.445.000.000 0,11
INAF Rp 5.031.898.680 Rp 1.478.585.255.395 0,00
LPKR Rp 370.872.333.757 Rp 2.553.306.718.090 0,15
HITS Rp (66.679.574.000) Rp 930.316.493.000 -0,07
SMDR Rp 169.123.444.000 Rp 5.105.014.871.000 0,03
Data net profit margin (NPM) sampel 2010 :
Nama
Perusahaan
Laba Bersih
(1)
Penjualan
(2)
NPM
(3) =
(1)/(2)
UNSP Rp 252.783.327.000 Rp 2.325.282.030.000 0,11
SGRO Rp 281.766.208.000 Rp 1.815.557.167.000 0,16
ENRG Rp (1.729.449.764.000) Rp 1.444.368.739.000 -1,20
ANTM Rp 604.307.088.000 Rp 8.711.370.255.000 0,07
BRPT Rp 547.265.000.000 Rp 14.392.940.000.000 0,04
122
JPFA Rp 814.451.000.000 Rp 14.340.277.000.000 0,06
ASII Rp 10.040.000.000.000 Rp 98.526.000.000.000 0,10
AISA Rp 37.786.775.452 Rp 533.194.383.227 0,07
RMBA Rp 25.165.110.922 Rp 6.081.726.161.346 0,00
MERK Rp 146.700.178.000 Rp 751.403.033.000 0,20
CTRA Rp 136.327.668.227 Rp 1.332.371.525.317 0,10
MIRA Rp (2.726.713.715.635) Rp 2.714.464.693.551 -1,00
WEHA Rp 5.025.813.432 Rp 92.606.609.515 0,05
INDY Rp 725.670.170.000 Rp 2.486.579.636.000 0,29
UNTR Rp 3.817.541.000.000 Rp 29.241.883.000.000 0,13
MAPI Rp 163.986.260.000 Rp 4.112.215.038.000 0,04
PLIN Rp 292.526.423.000 Rp 551.705.287.000 0,53
MNCN Rp 385.617.000.000 Rp 3.923.845.000.000 0,10
BNBR Rp (1.627.126.687.000) Rp 7.631.762.309.000 -0,21
SMAR Rp 748.495.100.129 Rp 14.201.230.455.621 0,05
GZCO Rp 204.385.493.454 Rp 407.905.583.636 0,50
ELSA Rp 466.233.000.000 Rp 3.662.331.000.000 0,13
TINS Rp 313.751.000.000 Rp 7.709.856.000.000 0,04
TPIA Rp 482.884.000.000 Rp 4.739.684.000.000 0,10
CPIN Rp 1.612.710.000.000 Rp 14.559.005.000.000 0,11
GJTL Rp 905.330.000.000 Rp 7.936.432.000.000 0,11
MLBI Rp 340.458.000.000 Rp 1.616.264.000.000 0,21
HMSP Rp 5.087.339.000.000 Rp 38.972.186.000.000 0,13
PYFA Rp 3.772.968.359 Rp 132.000.542.048 0,03
BSDE Rp 308.738.334.000 Rp 1.270.592.451.000 0,24
SMDR Rp (15.630.064.000) Rp 4.262.046.802.000 0,00
IATA Rp (34.773.624.000) Rp 239.365.322.000 -0,15
TRUB Rp 216.434.812.000 Rp 2.727.511.498.000 0,08
AKRA Rp 274.718.650.000 Rp 8.959.841.972.000 0,03
RALS Rp 334.763.000.000 Rp 4.310.395.000.000 0,08
JSPT Rp 79.307.133.308 Rp 958.100.438.225 0,08
SCMA Rp 285.453.430.000 Rp 1.614.415.100.000 0,18
BHIT Rp (48.013.000.000) Rp 5.465.757.000.000 -0,01
123
Data net profit margin (NPM) sampel 2011 :
Nama
Perusahaan
Laba Bersih
(1)
Penjualan
(2)
NPM
(3) =
(1)/(2)
ADRO Rp 2.207.313.000.000 Rp 24.689.333.000.000 0,09
ENRG Rp (62.318.783.000) Rp 1.249.710.407.000 -0,05
MEDC Rp 746.788.647.816 Rp 8.360.312.368.950 0,09
ANTM Rp 1.683.399.992.000 Rp 8.744.300.219.000 0,19
KIAS Rp 14.572.509.800 Rp 582.295.693.684 0,03
CPIN Rp 2.210.266.000.000 Rp 15.077.822.000.000 0,15
ASII Rp 14.366.000.000.000 Rp 129.991.000.000.000 0,11
PBRX Rp 35.608.448.938 Rp 1.428.090.019.385 0,02
PSDN Rp 12.919.024.633 Rp 928.526.978.567 0,01
AISA Rp 75.234.571.191 Rp 705.219.823.456 0,11
KIJA Rp 62.123.552.046 Rp 597.419.779.479 0,10
PWON Rp 273.560.528.000 Rp 1.228.007.783.000 0,22
RBMS Rp 468.657.904 Rp 15.781.552.358 0,03
INVS Rp 125.416.054.081 Rp 330.502.298.560 0,38
RAJA Rp 925.192.743 Rp 792.801.877.156 0,00
TRAM Rp 105.924.801.582 Rp 405.931.452.735 0,26
AKRA Rp 310.916.115.000 Rp 12.194.997.466.000 0,03
SQMI Rp 6.752.512.658 Rp 40.824.154.997 0,17
LPPF Rp 624.537.000.000 Rp 2.369.344.000.000 0,26
MNCN Rp 730.218.000.000 Rp 4.855.907.000.000 0,15
BNBR Rp (7.640.918.548.000) Rp 13.109.304.596.000 -0,58
BMTR Rp 578.865.000.000 Rp 6.326.514.000.000 0,09
ITMG Rp 1.835.521.641.000 Rp 14.998.714.272.000 0,12
RUIS Rp 12.825.872.967 Rp 1.048.158.672.581 0,01
ELSA Rp 63.906.000.000 Rp 4.210.786.000.000 0,02
INCO Rp 3.936.267.000.000 Rp 11.486.907.000.000 0,34
AMFG Rp 330.973.000.000 Rp 2.426.138.000.000 0,14
JPFA Rp 959.161.000.000 Rp 13.955.792.000.000 0,07
IMAS Rp 448.671.163.584 Rp 10.935.334.616.535 0,04
ARGO Rp (125.015.984.000) Rp 664.257.009.000 -0,19
ADES Rp 31.659.000.000 Rp 218.748.000.000 0,14
124
ULTJ Rp 107.123.243.835 Rp 1.880.411.473.916 0,06
BKSL Rp 65.489.228.775 Rp 443.547.589.878 0,15
DILD Rp 350.491.922.129 Rp 842.715.805.156 0,42
BAPA Rp 12.680.878.136 Rp 54.492.641.149 0,23
BTEL Rp 9.975.729.110 Rp 2.765.083.613.989 0,00
RIGS Rp 1.524.082.392 Rp 394.803.513.288 0,00
HITS Rp (662.275.081.000) Rp 389.914.669.000 -1,70
EPMT Rp 257.415.018.996 Rp 9.713.882.916.261 0,03
KONI Rp 1.378.322.048 Rp 77.888.958.822 0,02
CSAP Rp 33.027.028.000 Rp 3.345.986.618.000 0,01
KBLV Rp 41.930.520.641 Rp 832.581.303.860 0,05
BHIT Rp 258.476.000.000 Rp 6.831.838.000.000 0,04
MLPL Rp 2.830.626.000.000 Rp 2.102.528.000.000 1,35
Data debt asset ratio (DAR) :
Data debt asset ratio (DAR) sampel 2008 :
Nama
Perusahaan
Total Hutang
(1)
Total Aset
(2)
DAR
(3) =
(1)/(2)
AALI Rp 1.150.575.000.000 Rp 5.352.986.000.000 0,21
SMAR Rp 4.534.912.836.148 Rp 8.063.168.750.738 0,56
DSFI Rp 128.645.551.629 Rp 306.161.442.270 0,42
ANTM Rp 3.273.117.500.000 Rp 12.037.916.922.000 0,27
ENRG Rp 6.025.944.207.000 Rp 9.378.194.413.000 0,64
BRPT Rp 5.347.552.000.000 Rp 16.912.119.000.000 0,32
SULI Rp 1.277.046.588.663 Rp 1.895.845.309.043 0,67
AISA Rp 404.544.624.432 Rp 515.609.051.582 0,78
ABBA Rp 70.339.196.362 Rp 159.175.951.594 0,44
ASGR Rp 310.480.918.902 Rp 624.557.293.214 0,50
MAPI Rp 1.734.140.403.000 Rp 2.959.914.328.000 0,59
UNTR Rp 7.216.432.000.000 Rp 13.002.619.000.000 0,55
TBLA Rp 1.518.219.189.000 Rp 2.457.120.118.000 0,62
UNSP Rp 1.924.314.642.000 Rp 4.310.903.584.000 0,45
IIKP Rp 7.025.934.702 Rp 412.547.889.537 0,02
125
TINS Rp 1.673.393.000.000 Rp 5.032.712.000.000 0,33
MEDC Rp 14.086.011.748.129 Rp 20.227.589.704.148 0,70
UNIC Rp 1.364.610.016.941 Rp 2.623.497.193.645 0,52
TIRT Rp 354.793.439.393 Rp 553.388.405.827 0,64
ULTJ Rp 530.491.711.953 Rp 1.362.829.538.011 0,39
FORU Rp 105.500.510.436 Rp 190.445.660.564 0,55
MTDL Rp 819.381.285.585 Rp 1.162.250.916.208 0,70
RALS Rp 763.545.000.000 Rp 2.917.525.000.000 0,26
TURI Rp 2.488.969.000.000 Rp 3.345.245.000.000 0,74
Data debt asset ratio (DAR) sampel 2009 :
Nama
Perusahaan
Total Hutang
(1)
Total Aset
(2)
DAR
(3) =
(1)/(2)
ENRG Rp 8.879.920.669.000 Rp 12.626.622.529.000 0,70
SMCB Rp 5.137.054.000.000 Rp 7.674.980.000.000 0,67
CPIN Rp 3.844.198.000.000 Rp 5.178.540.000.000 0,74
JPFA Rp 4.171.645.000.000 Rp 5.384.809.000.000 0,77
INDF Rp 26.432.369.000.000 Rp 39.594.264.000.000 0,67
RMBA Rp 2.725.331.388.837 Rp 4.455.531.963.727 0,61
DVLA Rp 129.811.549.000 Rp 637.660.844.000 0,20
ELTY Rp 3.133.653.335.382 Rp 8.334.991.485.092 0,38
APOL Rp 5.656.420.480.389 Rp 7.294.275.941.253 0,78
MIRA Rp 11.313.514.986.378 Rp 12.552.923.001.780 0,90
MEDC Rp 13.521.496.171.360 Rp 21.683.448.924.700 0,62
SMGR Rp 2.429.248.657.000 Rp 10.602.963.724.000 0,23
MAIN Rp 815.384.227.000 Rp 859.934.901.000 0,95
SIPD Rp 351.417.153.041 Rp 1.384.706.617.390 0,25
MYOR Rp 1.646.322.490.012 Rp 2.922.998.415.036 0,56
HMSP Rp 8.083.584.000.000 Rp 16.133.819.000.000 0,50
INAF Rp 669.216.334.512 Rp 965.811.675.903 0,69
LPKR Rp 6.927.810.882.453 Rp 11.787.777.210.609 0,59
HITS Rp 1.321.855.554.000 Rp 2.967.702.324.000 0,45
SMDR Rp 3.069.054.734.000 Rp 5.928.068.882.000 0,52
126
Data debt asset ratio (DR) 2010 :
Nama
Perusahaan
Total Hutang
(1)
Total Aset
(2)
DR
(3) =
(1)/(2)
UNSP Rp 2.401.056.025.000 Rp 5.071.797.313.000 0,47
SGRO Rp 474.967.085.000 Rp 2.261.798.239.000 0,21
ENRG Rp 8.477.966.841.000 Rp 10.252.391.543.000 0,83
ANTM Rp 1.748.127.419.000 Rp 9.939.996.438.000 0,18
BRPT Rp 7.573.990.000.000 Rp 16.375.286.000.000 0,46
JPFA Rp 3.700.159.000.000 Rp 6.070.137.000.000 0,61
ASII Rp 40.006.000.000.000 Rp 88.938.000.000.000 0,45
AISA Rp 918.170.132.341 Rp 1.347.036.482.667 0,68
RMBA Rp 2.547.293.492.353 Rp 4.302.659.178.165 0,59
MERK Rp 79.786.650.000 Rp 433.970.635.000 0,18
CTRA Rp 1.592.920.577.772 Rp 8.553.946.343.429 0,19
MIRA Rp10.686.577.372.140 Rp 9.270.084.267.918 1,15
WEHA Rp 81.788.027.584 Rp 155.438.315.840 0,53
INDY Rp 6.338.950.794.000 Rp 11.683.614.752.000 0,54
UNTR Rp 10.453.748.000.000 Rp 24.404.828.000.000 0,43
MAPI Rp 2.091.335.579.000 Rp 3.379.394.233.000 0,62
PLIN Rp 2.647.284.431.000 Rp 4.432.187.924.000 0,60
MNCN Rp 2.754.897.000.000 Rp 7.641.364.000.000 0,36
BNBR Rp 18.212.053.426.000 Rp 27.381.757.067.000 0,67
SMAR Rp 5.260.155.035.213 Rp 10.210.594.909.953 0,52
GZCO Rp 863.511.245.712 Rp 1.993.045.927.634 0,43
ELSA Rp 2.286.168.000.000 Rp 4.210.421.000.000 0,54
TINS Rp 1.425.361.000.000 Rp 4.855.712.000.000 0,29
TPIA Rp 962.052.000.000 Rp 2.747.915.000.000 0,35
CPIN Rp 2.397.701.000.000 Rp 5.349.375.000.000 0,45
GJTL Rp 6.206.486.000.000 Rp 8.877.146.000.000 0,70
MLBI Rp 888.122.000.000 Rp 993.465.000.000 0,89
HMSP Rp 7.250.522.000.000 Rp 17.716.447.000.000 0,41
PYFA Rp 26.911.380.313 Rp 99.937.383.195 0,27
BSDE Rp 2.252.711.053.000 Rp 4.592.836.482.000 0,49
SMDR Rp 3.325.687.587.000 Rp 5.778.199.014.000 0,58
127
IATA Rp 375.630.279.000 Rp 562.169.537.000 0,67
TRUB Rp 4.537.815.413.000 Rp 6.601.158.639.000 0,69
AKRA Rp 3.832.252.552.000 Rp 6.059.070.429.000 0,63
RALS Rp 736.592.000.000 Rp 3.209.210.000.000 0,23
JSPT Rp 1.213.242.103.906 Rp 2.598.210.491.391 0,47
SCMA Rp 964.157.183.000 Rp 2.359.836.581.000 0,41
BHIT Rp 6.730.947.000.000 Rp 17.109.257.000.000 0,39
Data debt asset ratio (DAR) 2011 :
Nama
Perusahaan
Total Hutang
(1)
Total Aset
(2)
DAR
(3) =
(1)/(2)
ADRO Rp 21.970.369.000.000 Rp 40.600.921.000.000 0,54
ENRG Rp 5.875.002.790.000 Rp 11.762.035.570.000 0,50
MEDC Rp 13.155.971.140.719 Rp 20.482.111.518.867 0,64
ANTM Rp 2.709.896.801.000 Rp 12.310.732.099.000 0,22
KIAS Rp 1.006.431.820.397 Rp 1.266.122.276.023 0,79
CPIN Rp 2.036.240.000.000 Rp 6.518.276.000.000 0,31
ASII Rp 54.168.000.000.000 Rp 112.857.000.000.000 0,48
PBRX Rp 719.716.491.254 Rp 887.284.106.449 0,81
PSDN Rp 221.094.220.496 Rp 414.611.350.180 0,53
AISA Rp 1.346.881.121.132 Rp 1.936.949.441.138 0,70
KIJA Rp 1.662.893.616.845 Rp 3.335.857.281.974 0,50
PWON Rp 2.368.736.858.000 Rp 3.937.325.624.000 0,60
RBMS Rp 7.785.558.474 Rp 117.301.086.414 0,07
INVS Rp 193.875.604.366 Rp 1.122.418.457.348 0,17
RAJA Rp 744.672.452.642 Rp 917.864.720.226 0,81
TRAM Rp 906.818.562.979 Rp 2.184.537.656.953 0,42
AKRA Rp 4.806.757.170.000 Rp 7.665.590.356.000 0,63
SQMI Rp 2.474.978.340 Rp 22.043.201.043 0,11
LPPF Rp 4.339.622.000.000 Rp 5.413.870.000.000 0,80
MNCN Rp 2.760.427.000.000 Rp 8.196.543.000.000 0,34
BNBR Rp 18.120.771.132.000 Rp 31.768.029.375.000 0,57
BMTR Rp 4.745.205.000.000 Rp 12.959.942.000.000 0,37
ITMG Rp 3.314.819.862.000 Rp 9.797.546.646.000 0,34
128
RUIS Rp 380.930.014.890 Rp 594.952.096.488 0,64
ELSA Rp 1.728.408.000.000 Rp 3.678.566.000.000 0,47
INCO Rp 4.593.555.000.000 Rp 19.712.115.000.000 0,23
AMFG Rp 529.732.000.000 Rp 2.372.657.000.000 0,22
JPFA Rp 5.179.609.000.000 Rp 6.979.762.000.000 0,74
IMAS Rp 6.377.070.785.562 Rp 7.985.019.561.240 0,80
ARGO Rp 1.216.329.528.000 Rp 1.428.233.566.000 0,85
ADES Rp 224.615.000.000 Rp 324.493.000.000 0,69
ULTJ Rp 705.472.336.001 Rp 2.006.595.762.260 0,35
BKSL Rp 690.153.913.712 Rp 4.814.315.153.733 0,14
DILD Rp 975.083.341.729 Rp 4.599.239.260.454 0,21
BAPA Rp 61.454.215.438 Rp 136.358.827.789 0,45
BTEL Rp 7.158.061.068.779 Rp 12.352.891.387.578 0,58
RIGS Rp 280.012.548.159 Rp 667.028.947.356 0,42
HITS Rp 1.144.590.156.000 Rp 1.759.229.042.000 0,65
EPMT Rp 1.455.960.129.836 Rp 3.254.770.280.292 0,45
KONI Rp 61.274.121.869 Rp 84.841.378.260 0,72
CSAP Rp 1.181.950.779.000 Rp 1.704.910.741.000 0,69
KBLV Rp 889.414.757.500 Rp 1.663.245.463.580 0,53
BHIT Rp 6.843.972.000.000 Rp 16.602.739.000.000 0,41
MLPL Rp 5.516.135.000.000 Rp 14.016.686.000.000 0,39
129
Data rasio Tobin’s Q :
Data rasio Tobin’s Q sampel 2008 :
Nama
Perusahaan
Harga
Penutupan
Saham
(1)
Jumlah Saham
Yang Beredar
(2)
Total Hutang
(3)
Aset Lancar
(4)
Persediaan
(5)
Total Aset
(6)
TOBINSQ
(7) =
(((1)/(2))+((3)-
(4)+(5))/(6)
AALI Rp 24.144 Rp 1.574.745.000 Rp 1.150.575.000.000 Rp 1.647.854.000.000 Rp 413.813.000.000 Rp 5.352.986.000.000 7,09
SMAR Rp 4.957 Rp 2.872.193.366 Rp 4.534.912.836.148 Rp 3.766.817.852.450 Rp 1.460.036.297.736 Rp 8.063.168.750.738 2,04
DSFI Rp 78 Rp 1.857.135.500 Rp 128.645.551.629 Rp 208.838.164.477 Rp 144.185.708.151 Rp 306.161.442.270 0,68
ANTM Rp 3.915 Rp 9.538.459.750 Rp 3.273.117.500.000 Rp 8.048.099.750.000 Rp 1.319.084.300.000 Rp 12.037.916.922.000 2,81
ENRG Rp 1.490 Rp 14.400.813.372 Rp 6.025.944.207.000 Rp 2.405.703.364.000 Rp 377.908.336.000 Rp 9.378.194.413.000 2,71
BRPT Rp 2.800 Rp 6.979.892.784 Rp 5.347.552.000.000 Rp 4.813.153.000.000 Rp 2.042.075.000.000 Rp 16.912.119.000.000 1,31
SULI Rp 3.225 Rp 1.228.465.988 Rp 1.277.046.588.663 Rp 544.830.960.281 Rp 305.007.996.722 Rp 1.895.845.309.043 2,64
AISA Rp 684 Rp 1.045.000.000 Rp 404.544.624.432 Rp 226.961.019.957 Rp 109.426.065.881 Rp 515.609.051.582 1,94
ABBA Rp 230 Rp 1.152.000.000 Rp 70.339.196.362 Rp 65.508.016.815 Rp 1.090.466.100 Rp 159.175.951.594 1,70
ASGR Rp 494 Rp 1.348.780.500 Rp 310.480.918.902 Rp 399.385.006.468 Rp 123.452.778.245 Rp 624.557.293.214 1,12
MAPI Rp 688 Rp 1.660.000.000 Rp 1.734.140.403.000 Rp 1.513.549.411.000 Rp 729.420.580.000 Rp 2.959.914.328.000 0,71
UNTR Rp 9.353 Rp 2.851.609.100 Rp 7.216.432.000.000 Rp 7.036.656.000.000 Rp 2.121.187.000.000 Rp 13.002.619.000.000 2,23
TBLA Rp 554 Rp 4.163.178.493 Rp 1.518.219.189.000 Rp 981.727.587.000 Rp 436.850.101.000 Rp 2.457.120.118.000 1,34
UNSP Rp 2.176 Rp 3.787.875.000 Rp 1.924.314.642.000 Rp 1.427.343.468.000 Rp 147.161.787.000 Rp 4.310.903.584.000 2,06
IIKP Rp 265 Rp 3.360.000.000 Rp 7.025.934.702 Rp 51.799.869.292 Rp 26.103.753.211 Rp 412.547.889.537 2,11
TINS Rp 1.577 Rp 1.000.000.000 Rp 1.673.393.000.000 Rp 3.922.668.000.000 Rp 1.730.097.000.000 Rp 5.032.712.000.000 0,21
MEDC Rp 4.792 Rp 3.108.854.450 Rp 14.086.011.748.129 Rp 7.000.537.105.395 Rp 610.349.542.256 Rp 20.227.589.704.148 1,12
130
UNIC Rp 2.221 Rp 383.331.363 Rp 1.364.610.016.941 Rp 1.247.034.938.177 Rp 611.547.770.922 Rp 2.623.497.193.645 0,60
TIRT Rp 117 Rp 1.011.774.750 Rp 354.793.439.393 Rp 367.369.154.971 Rp 238.916.630.806 Rp 553.388.405.827 0,62
ULTJ Rp 643 Rp 2.888.382.000 Rp 530.491.711.953 Rp 551.946.694.997 Rp 291.483.008.089 Rp 1.362.829.538.011 1,56
FORU Rp 82 Rp 465.224.000 Rp 105.500.510.436 Rp 170.866.539.721 Rp - Rp 190.445.660.564 -0,14
MTDL Rp 165 Rp 2.041.925.923 Rp 819.381.285.585 Rp 1.007.582.605.155 Rp 151.923.053.148 Rp 1.162.250.916.208 0,26
RALS Rp 750 Rp 7.064.000.000 Rp 763.545.000.000 Rp 1.836.007.000.000 Rp 498.386.000.000 Rp 2.917.525.000.000 1,62
TURI Rp 236 Rp 1.395.000.000 Rp 2.488.969.000.000 Rp 1.732.262.000.000 Rp 166.628.000.000 Rp 3.345.245.000.000 0,37
Data rasio Tobin’s Q sampel 2009 :
Nama
Perusahaan
Harga
Penutupan
Saham
(1)
Jumlah Saham
Yang Beredar
(2)
Total Hutang
(3)
Aset Lancar
(4)
Persediaan
(5)
Total Aset
(6)
TOBINSQ
(7) =
(((1)/(2))+((3)-
(4)+(5))/(6)
ENRG Rp 84 Rp 69.400.813.372 Rp 8.879.920.669.000 Rp 2.855.961.043.000 Rp 480.703.568.000 Rp 12.626.622.529.000 0,98
SMCB Rp 574 Rp 7.662.900.000 Rp 5.137.054.000.000 Rp 1.924.756.000.000 Rp 386.624.000.000 Rp 7.674.980.000.000 1,04
CPIN Rp 63 Rp 3.284.561.408 Rp 3.844.198.000.000 Rp 3.109.597.000.000 Rp 1.447.561.000.000 Rp 5.178.540.000.000 0,46
JPFA Rp 45 Rp 1.489.414.660 Rp 4.171.645.000.000 Rp 3.433.619.000.000 Rp 1.979.930.000.000 Rp 5.384.809.000.000 0,52
INDF Rp 838 Rp 8.780.426.500 Rp 26.432.369.000.000 Rp 14.598.422.000.000 Rp 6.061.219.000.000 Rp 39.594.264.000.000 0,64
RMBA Rp 498 Rp 6.733.125.000 Rp 2.725.331.388.837 Rp 3.053.065.247.805 Rp 2.644.168.608.078 Rp 4.455.531.963.727 1,27
DVLA Rp 435 Rp 560.000.000 Rp 129.811.549.000 Rp 457.417.280.000 Rp 60.247.254.000 Rp 637.660.844.000 -0,04
ELTY Rp 72 Rp 19.916.074.473 Rp 3.133.653.335.382 Rp 4.769.627.774.064 Rp 2.319.277.438.394 Rp 8.334.991.485.092 0,25
APOL Rp 215 Rp 2.998.604.000 Rp 5.656.420.480.389 Rp 2.695.442.805.323 Rp 38.756.735.067 Rp 7.294.275.941.253 0,50
MIRA Rp 250 Rp 3.959.854.218 Rp 11.313.514.986.378 Rp 1.790.061.721.006 Rp 208.901.754.011 Rp 12.552.923.001.780 0,78
MEDC Rp 1.740 Rp 7.332.451.450 Rp 13.521.496.171.360 Rp 9.447.666.241.500 Rp 350.304.724.050 Rp 21.683.448.924.700 0,79
131
SMGR Rp 3.810 Rp 5.931.520.000 Rp 2.429.248.657.000 Rp 7.083.421.705.000 Rp 1.580.551.957.000 Rp 10.602.963.724.000 1,84
MAIN Rp 120 Rp 339.000.000 Rp 815.384.227.000 Rp 538.229.850.000 Rp 156.434.639.000 Rp 859.934.901.000 0,55
SIPD Rp 48 Rp 9.391.108.493 Rp 351.417.153.041 Rp 752.241.102.679 Rp 292.498.954.027 Rp 1.384.706.617.390 0,25
MYOR Rp 930 Rp 766.584.000 Rp 1.646.322.490.012 Rp 1.684.852.654.975 Rp 534.328.833.233 Rp 2.922.998.415.036 0,41
HMSP Rp 6.865 Rp 4.383.000.000 Rp 8.083.584.000.000 Rp 11.037.287.000.000 Rp 7.657.848.000.000 Rp 16.133.819.000.000 2,16
INAF Rp 50 Rp 3.099.267.500 Rp 669.216.334.512 Rp 844.984.109.182 Rp 209.251.234.862 Rp 965.811.675.903 0,19
LPKR Rp 739 Rp 17.302.151.695 Rp 6.927.810.882.453 Rp 9.105.490.028.675 Rp 176.978.576.919 Rp 11.787.777.210.609 0,92
HITS Rp 550 Rp 4.661.183.654 Rp 1.321.855.554.000 Rp 565.054.502.000 Rp 9.586.367.000 Rp 2.967.702.324.000 1,12
SMDR Rp 2.179 Rp 163.756.000 Rp 3.069.054.734.000 Rp 1.959.034.143.000 Rp 24.316.139.000 Rp 5.928.068.882.000 0,25
Data rasio Tobin’s Q sampel 2010 :
Nama
Perusahaan
Harga
Penutupan
Saham
(1)
Jumlah Saham
Yang Beredar
(2)
Total Hutang
(3)
Aset Lancar
(4)
Persediaan
(5)
Total Aset
(6)
TOBINSQ
(7) =
(((1)/(2))+((3)-
(4)+(5))/(6)
UNSP Rp 555 Rp 3.787.996.935 Rp 2.401.056.025.000 Rp 666.219.885.000 Rp 108.785.887.000 Rp 5.071.797.313.000 0,78
SGRO Rp 2.453 Rp 1.890.000.000 Rp 474.967.085.000 Rp 615.541.739.000 Rp 135.859.266.000 Rp 2.261.798.239.000 2,05
ENRG Rp 193 Rp 14.400.813.372 Rp 8.477.966.841.000 Rp 2.009.919.273.000 Rp 396.485.513.000 Rp 10.252.391.543.000 0,94
ANTM Rp 2.099 Rp 9.538.459.750 Rp 1.748.127.419.000 Rp 5.436.847.017.000 Rp 1.170.505.411.000 Rp 9.939.996.438.000 1,76
BRPT Rp 1.330 Rp 6.979.892.784 Rp 7.573.990.000.000 Rp 6.122.175.000.000 Rp 1.821.082.000.000 Rp 16.375.286.000.000 0,77
JPFA Rp 174 Rp 2.071.732.660 Rp 3.700.159.000.000 Rp 3.968.640.000.000 Rp 2.112.078.000.000 Rp 6.070.137.000.000 0,36
ASII Rp 1.657 Rp 4.048.355.314 Rp 40.006.000.000.000 Rp 6.595.000.000.000 Rp 7.282.000.000.000 Rp 88.938.000.000.000 0,20
AISA Rp 328 Rp 1.672.000.000 Rp 918.170.132.341 Rp 434.645.160.429 Rp 234.690.363.391 Rp 1.347.036.482.667 0,94
RMBA Rp 623 Rp 6.733.125.000 Rp 2.547.293.492.353 Rp 2.791.034.406.507 Rp 2.401.087.075.723 Rp 4.302.659.178.165 1,48
MERK Rp 71.315 Rp 22.400.000 Rp 79.786.650.000 Rp 343.148.415.000 Rp 79.842.596.000 Rp 433.970.635.000 3,26
132
CTRA Rp 228 Rp 7.582.907.997 Rp 1.592.920.577.772 Rp 4.631.738.101.538 Rp 2.075.315.685.595 Rp 8.553.946.343.429 0,09
MIRA Rp 350 Rp 3.961.403.058 Rp 10.686.577.372.140 Rp 1.757.129.069.024 Rp 188.177.719.531 Rp 9.270.084.267.918 1,13
WEHA Rp 109 Rp 428.270.000 Rp 81.788.027.584 Rp 21.534.315.301 Rp 733.642.525 Rp 155.438.315.840 0,69
INDY Rp 1.998 Rp 5.207.142.000 Rp 6.338.950.794.000 Rp 4.876.089.016.000 Rp 37.600.000.000 Rp 11.683.614.752.000 1,02
UNTR Rp 13.299 Rp 3.326.877.283 Rp 10.453.748.000.000 Rp 11.969.001.000.000 Rp 3.966.358.000.000 Rp 24.404.828.000.000 1,91
MAPI Rp 609 Rp 1.660.000.000 Rp 2.091.335.579.000 Rp 1.839.970.087.000 Rp 1.145.508.746.000 Rp 3.379.394.233.000 0,71
PLIN Rp 2.326 Rp 3.550.000.000 Rp 2.647.284.431.000 Rp 730.744.230.000 Rp 3.547.636.000 Rp 4.432.187.924.000 2,30
MNCN Rp 192 Rp 5.700.000.000 Rp 2.754.897.000.000 Rp 4.785.995.000.000 Rp 951.030.000.000 Rp 7.641.364.000.000 0,00
BNBR Rp 85 Rp 93.721.717.440 Rp 18.212.053.426.000 Rp 4.315.755.212.000 Rp 515.554.730.000 Rp 27.381.757.067.000 0,82
SMAR Rp 2.107 Rp 2.872.193.366 Rp 5.260.155.035.213 Rp 4.351.304.881.434 Rp 2.139.125.052.972 Rp 10.210.594.909.953 0,89
GZCO Rp 217 Rp 5.000.000.000 Rp 863.511.245.712 Rp 363.843.288.697 Rp 33.114.815.691 Rp 1.993.045.927.634 0,81
ELSA Rp 339 Rp 7.298.500.000 Rp 2.286.168.000.000 Rp 2.548.026.000.000 Rp 83.800.000.000 Rp 4.210.421.000.000 0,55
TINS Rp 1.099 Rp 5.033.020.000 Rp 1.425.361.000.000 Rp 3.244.475.000.000 Rp 1.909.219.000.000 Rp 4.855.712.000.000 1,16
TPIA Rp 2.111 Rp 728.401.000 Rp 962.052.000.000 Rp 1.790.981.000.000 Rp 490.721.000.000 Rp 2.747.915.000.000 0,44
CPIN Rp 325 Rp 3.284.561.408 Rp 2.397.701.000.000 Rp 3.281.275.000.000 Rp 1.575.018.000.000 Rp 5.349.375.000.000 0,33
GJTL Rp 411 Rp 3.484.800.000 Rp 6.206.486.000.000 Rp 3.375.286.000.000 Rp 862.152.000.000 Rp 8.877.146.000.000 0,58
MLBI Rp 127.417 Rp 21.070.000 Rp 888.122.000.000 Rp 561.482.000.000 Rp 110.497.000.000 Rp 993.465.000.000 3,14
HMSP Rp 8.814 Rp 4.383.000.000 Rp 7.250.522.000.000 Rp 12.688.643.000.000 Rp 9.539.067.000.000 Rp 17.716.447.000.000 2,41
PYFA Rp 110 Rp 535.080.000 Rp 26.911.380.313 Rp 45.490.491.276 Rp 24.071.005.086 Rp 99.937.383.195 0,64
BSDE Rp 788 Rp 10.935.622.870 Rp 2.252.711.053.000 Rp 2.977.501.735.000 Rp 1.734.151.735.000 Rp 4.592.836.482.000 2,10
SMDR Rp 3.247 Rp 163.756.000 Rp 3.325.687.587.000 Rp 1.486.762.569.000 Rp 28.923.098.000 Rp 5.778.199.014.000 0,42
IATA Rp 50 Rp 2.322.723 Rp 375.630.279.000 Rp 157.376.969.000 Rp 91.892.065.000 Rp 562.169.537.000 0,55
TRUB Rp 126 Rp 114.702.092 Rp 4.537.815.413.000 Rp 4.495.626.157.000 Rp 41.805.577.000 Rp 6.601.158.639.000 0,01
TGKA Rp 202 Rp 918.492.750 Rp 1.067.719.537.949 Rp 1.317.469.289.547 Rp 525.132.806.406 Rp 1.466.078.753.943 0,31
AKRA Rp 948 Rp 3.138.292.500 Rp 3.832.252.552.000 Rp 2.694.116.102.000 Rp 709.518.313.000 Rp 6.059.070.429.000 0,80
133
RALS Rp 547 Rp 7.064.000.000 Rp 736.592.000.000 Rp 1.758.933.000.000 Rp 640.758.000.000 Rp 3.209.210.000.000 1,09
JSPT Rp 659 Rp 2.318.736.000 Rp 1.213.242.103.906 Rp 588.339.447.299 Rp 13.301.853.816 Rp 2.598.210.491.391 0,83
SCMA Rp 33 Rp 1.910.978.380 Rp 964.157.183.000 Rp 1.275.605.721.000 Rp 203.735.490.000 Rp 2.359.836.581.000 -0,02
BHIT Rp 12 Rp 7.236.933.545 Rp 6.730.947.000.000 Rp 7.227.400.000.000 Rp 1.223.890.000.000 Rp 17.109.257.000.000 0,05
Data rasio Tobin’s Q sampel 2011 :
Nama
Perusahaan
Harga
Penutupan
Saham
(1)
Jumlah Saham
Yang Beredar
(2)
Total Hutang
(3)
Aset Lancar
(4)
Persediaan
(5)
Total Aset
(6)
TOBINSQ
(7) =
(((1)/(2))+((3)-
(4)+(5))/(6)
ADRO Rp 2.507 Rp 31.985.962.000 Rp 21.970.369.000.000 Rp 10.200.290.000.000 Rp 288.732.000.000 Rp 40.600.921.000.000 2,27
ENRG Rp 124 Rp 40.584.110.412 Rp 5.875.002.790.000 Rp 1.924.741.246.000 Rp 356.465.381.000 Rp 11.762.035.570.000 0,79
MEDC Rp 3.287 Rp 2.941.996.950 Rp 13.155.971.140.719 Rp 9.187.361.524.917 Rp 360.938.192.562 Rp 20.482.111.518.867 0,68
ANTM Rp 2.166 Rp 9.538.459.750 Rp 2.709.896.801.000 Rp 7.593.630.426.000 Rp 1.229.283.112.000 Rp 12.310.732.099.000 1,38
KIAS Rp 93 Rp 425.000.000 Rp 1.006.431.820.397 Rp 500.547.902.370 Rp 141.483.526.664 Rp 1.266.122.276.023 0,54
CPIN Rp 1.724 Rp 16.398.000.000 Rp 2.036.240.000.000 Rp 4.274.636.000.000 Rp 1.554.780.000.000 Rp 6.518.276.000.000 4,23
ASII Rp 3.303 Rp 4.048.355.314 Rp 54.168.000.000.000 Rp 46.843.000.000.000 Rp 10.842.000.000.000 Rp 112.857.000.000.000 0,28
PBRX Rp 312 Rp 445.440.000 Rp 719.716.491.254 Rp 672.135.854.352 Rp 381.527.225.454 Rp 887.284.106.449 0,64
PSDN Rp 80 Rp 1.440.000.000 Rp 221.094.220.496 Rp 268.737.972.457 Rp 154.065.950.383 Rp 414.611.350.180 0,53
AISA Rp 712 Rp 1.672.000.000 Rp 1.346.881.121.132 Rp 666.008.990.671 Rp 424.331.967.809 Rp 1.936.949.441.138 1,18
KIJA Rp 118 Rp 13.780.872.551 Rp 1.662.893.616.845 Rp 664.391.848.606 Rp 503.760.004.630 Rp 3.335.857.281.974 0,94
PWON Rp 212 Rp 10.033.250.500 Rp 2.368.736.858.000 Rp 524.376.493.000 Rp 2.927.075.000 Rp 3.937.325.624.000 1,01
RBMS Rp 81 Rp 260.000.000 Rp 7.785.558.474 Rp 75.515.201.781 Rp 25.186.760.550 Rp 117.301.086.414 -0,18
INVS Rp 1.111 Rp 1.809.820.464 Rp 193.875.604.366 Rp 98.591.810.391 Rp - Rp 1.122.418.457.348 1,88
RAJA Rp 807 Rp 679.513.750 Rp 744.672.452.642 Rp 171.099.504.858 Rp 235.044.418 Rp 917.864.720.226 1,22
134
TRAM Rp 616 Rp 8.749.043.750 Rp 906.818.562.979 Rp 620.410.207.812 Rp - Rp 2.184.537.656.953 2,60
AKRA Rp 1.457 Rp 3.792.936.000 Rp 4.806.757.170.000 Rp 4.028.177.791.000 Rp 1.424.613.886.000 Rp 7.665.590.356.000 1,01
SQMI Rp 130 Rp 301.200.000 Rp 2.474.978.340 Rp 16.653.454.927 Rp - Rp 22.043.201.043 1,13
LPPF Rp 2.486 Rp 2.917.918.080 Rp 4.339.622.000.000 Rp 1.471.328.000.000 Rp 400.784.000.000 Rp 5.413.870.000.000 1,94
MNCN Rp 869 Rp 13.773.504.500 Rp 2.760.427.000.000 Rp 5.201.103.000.000 Rp 915.310.000.000 Rp 8.196.543.000.000 1,27
BNBR Rp 65 Rp 93.721.717.440 Rp 18.120.771.132.000 Rp 14.875.032.847.000 Rp 455.485.672.000 Rp 31.768.029.375.000 0,31
BMTR Rp 625 Rp 13.770.214.550 Rp 4.745.205.000.000 Rp 5.937.277.000.000 Rp 1.106.101.000.000 Rp 12.959.942.000.000 0,66
ITMG Rp 39.119 Rp 1.129.925.000 Rp 3.314.819.862.000 Rp 5.467.903.623.000 Rp 634.162.203.000 Rp 9.797.546.646.000 4,36
RUIS Rp 182 Rp 770.000.000 Rp 380.930.014.890 Rp 391.570.254.562 Rp 7.214.908.239 Rp 594.952.096.488 0,23
ELSA Rp 314 Rp 7.298.500.000 Rp 1.728.408.000.000 Rp 2.040.659.000.000 Rp 115.062.000.000 Rp 3.678.566.000.000 0,57
INCO Rp 4.551 Rp 9.936.338.720 Rp 4.593.555.000.000 Rp 6.405.255.000.000 Rp 917.874.000.000 Rp 19.712.115.000.000 2,25
AMFG Rp 5.583 Rp 434.000.000 Rp 529.732.000.000 Rp 1.283.712.000.000 Rp 490.140.000.000 Rp 2.372.657.000.000 0,91
JPFA Rp 398 Rp 2.071.732.660 Rp 5.179.609.000.000 Rp 4.435.214.000.000 Rp 2.185.129.000.000 Rp 6.979.762.000.000 0,54
IMAS Rp 3.700 Rp 1.036.979.405 Rp 6.377.070.785.562 Rp 4.509.195.840.356 Rp 1.542.709.421.457 Rp 7.985.019.561.240 0,91
ARGO Rp 1.300 Rp 335.557.450 Rp 1.216.329.528.000 Rp 197.513.887.000 Rp 117.242.958.000 Rp 1.428.233.566.000 1,10
ADES Rp 1.620 Rp 589.896.800 Rp 224.615.000.000 Rp 131.881.000.000 Rp 8.488.000.000 Rp 324.493.000.000 3,26
ULTJ Rp 1.198 Rp 2.888.382.000 Rp 705.472.336.001 Rp 955.441.890.578 Rp 357.743.682.574 Rp 2.006.595.762.260 1,78
BKSL Rp 109 Rp 28.542.905.010 Rp 690.153.913.712 Rp 3.222.304.849.467 Rp 1.222.818.540.940 Rp 4.814.315.153.733 0,37
DILD Rp 411 Rp 10.365.853.610 Rp 975.083.341.729 Rp 2.284.957.562.735 Rp 1.172.470.036.795 Rp 4.599.239.260.454 0,90
BAPA Rp 250 Rp 650.000.020 Rp 61.454.215.438 Rp 40.346.622.177 Rp - Rp 136.358.827.789 1,35
BTEL Rp 235 Rp 42.111.652.195 Rp 7.158.061.068.779 Rp 1.436.140.216.095 Rp 27.798.487.925 Rp 12.352.891.387.578 1,27
RIGS Rp 730 Rp 609.130.000 Rp 280.012.548.159 Rp 213.418.207.161 Rp 11.529.303.156 Rp 667.028.947.356 0,78
HITS Rp 400 Rp 4.661.183.654 Rp 1.144.590.156.000 Rp 601.819.161.000 Rp 7.369.771.000 Rp 1.759.229.042.000 1,37
EPMT Rp 1.061 Rp 2.280.000.000 Rp 1.455.960.129.836 Rp 2.734.592.131.811 Rp 1.132.817.271.706 Rp 3.254.770.280.292 0,70
KONI Rp 100 Rp 76.000.000 Rp 61.274.121.869 Rp 58.705.523.998 Rp 28.458.752.470 Rp 84.841.378.260 0,46
135
CSAP Rp 102 Rp 2.895.037.800 Rp 1.181.950.779.000 Rp 1.257.862.089.000 Rp 650.178.927.000 Rp 1.704.910.741.000 0,51
KBLV Rp 950 Rp 1.741.895.400 Rp 889.414.757.500 Rp 201.565.580.920 Rp - Rp 1.663.245.463.580 1,41
BHIT Rp 159 Rp 29.848.162.845 Rp 6.843.972.000.000 Rp 7.467.037.000.000 Rp 1.202.370.000.000 Rp 16.602.739.000.000 0,32
MLPL Rp 281 Rp 7.727.542.830 Rp 5.516.135.000.000 Rp 6.993.267.000.000 Rp 1.057.447.000.000 Rp 14.016.686.000.000 0,12
136
Data net operating income (NOI)
Data net operating income (NOI) sampel 2008 :
Nama
Perusahaan
NOIt-1 NOIt-2 NOI
AALI + + 0
SMAR + + 0
DSFI - + 0
ANTM + + 0
ENRG + + 0
BRPT - - 1
SULI - + 0
AISA + + 0
ABBA - 0
ASGR + + 0
MAPI + + 0
UNTR + + 0
TBLA + + 0
UNSP + + 0
IIKP + + 0
TINS + + 0
MEDC + + 0
UNIC + + 0
TIRT + + 0
ULTJ + + 0
FORU + + 0
MTDL + + 0
RALS + + 0
TURI + + 0
Data net operating income sampel 2009 :
Nama
Perusahaan
NOIt-1 NOIt-2 NOI
ENRG + + 0
SMCB + + 0
137
CPIN + + 0
JPFA + + 0
INDF + + 0
RMBA + + 0
DVLA + - 0
ELTY + + 0
APOL + + 0
MIRA + + 0
MEDC + - 0
SMGR + + 0
MAIN + + 0
SIPD + + 0
MYOR + + 0
HMSP + + 0
INAF + + 0
LPKR + + 0
HITS + + 0
SMDR + + 0
Data net operating income sampel 2010 :
Nama
Perusahaan
NOIt-1 NOIt-2 NOI
UNSP + + 0
SGRO + + 0
ENRG + + 0
ANTM + + 0
BRPT - - 1
JPFA + + 0
ASII + + 0
AISA + + 0
RMBA + + 0
MERK + + 0
CTRA + + 0
MIRA + + 0
WEHA + + 0
138
INDY + + 0
UNTR + + 0
MAPI + + 0
PLIN + + 0
MNCN + + 0
BNBR + + 0
SMAR + + 0
GZCO + + 0
ELSA + + 0
TINS + + 0
TPIA + + 0
CPIN + + 0
GJTL + + 0
MLBI + + 0
HMSP + + 0
PYFA + + 0
BSDE + + 0
SMDR + + 0
IATA - + 0
TRUB + + 0
AKRA + + 0
RALS + + 0
JSPT + + 0
SCMA + + 0
BHIT + + 0
Data net operating income sampel 2011 :
Nama
Perusahaan
NOIt-1 NOIt-2 NOI
ADRO + + 0
ENRG + + 0
MEDC + + 0
ANTM + + 0
KIAS + + 0
CPIN + + 0
139
ASII + + 0
PBRX + + 0
PSDN + + 0
AISA + + 0
KIJA + + 0
PWON + + 0
RBMS - + 0
INVS + + 0
RAJA + + 0
TRAM + + 0
AKRA + + 0
SQMI - - 1
LPPF - + 0
MNCN + + 0
BNBR + + 0
BMTR + + 0
ITMG + + 0
RUIS + + 0
ELSA + + 0
INCO + + 0
AMFG + + 0
JPFA + + 0
IMAS + + 0
ARGO - - 1
ADES + - 0
ULTJ + - 0
BKSL + - 0
DILD + + 0
BAPA + + 0
BTEL + + 0
RIGS + + 0
HITS - + 0
EPMT + + 0
KONI + + 0
CSAP + + 0
KBLV + - 0
140
BHIT + + 0
MLPL + + 0
141
Data price to book value (PBV)
Data price to book value (PBV) sampel 2008 :
Nama
Perusahaan
Harga
Saham/Lbr
(1)
Total Ekuitas
(2)
Jumlah Saham
Beredar
(3)
Nilai Buku
Ekuitas / Lbr
(4) = (2)/(3)
PBV
(5) =
(1)/(4)
AALI Rp 24.144 Rp 4.060.602.000.000 1.574.745.000 Rp 2578,577484 9,36
SMAR Rp 4.957 Rp 3.528.245.914.590 2.872.193.366 Rp 1228,415174 4,04
DSFI Rp 78 Rp 187.515.890.578 1.857.135.500 Rp 100,9704949 0,77
ANTM Rp 3.915 Rp 8.763.578.938.000 9.538.459.750 Rp 918,7624803 4,26
ENRG Rp 1.490 Rp 3.352.238.846.000 14.400.813.372 Rp 232,7812159 6,40
BRPT Rp 2.800 Rp 9.319.827.000.000 6.979.892.784 Rp 1335,239278 2,10
SULI Rp 3.225 Rp 579.937.170.686 1.228.465.988 Rp 472,082399 6,83
AISA Rp 684 Rp 110.944.813.274 1.045.000.000 Rp 106,1672854 6,45
ABBA Rp 230 Rp 83.508.394.749 1.152.000.000 Rp 72,489926 3,17
ASGR Rp 494 Rp 314.076.374.312 1.348.780.500 Rp 232,8595159 2,12
MAPI Rp 688 Rp 1.225.764.623.000 1.660.000.000 Rp 738,4124235 0,93
UNTR Rp 9.353 Rp 5.733.335.000.000 2.851.609.100 Rp 2010,561335 4,65
TBLA Rp 554 Rp 934.959.637.000 4.163.178.493 Rp 224,5783212 2,47
UNSP Rp 2.176 Rp 2.385.205.980.000 3.787.875.000 Rp 629,6950084 3,46
IIKP Rp 265 Rp 405.521.954.835 3.360.000.000 Rp 120,691058 2,20
TINS Rp 1.577 Rp 3.359.046.000.000 1.000.000.000 Rp 3359,046 0,47
MEDC Rp 4.792 Rp 4.942.184.423.451 3.108.854.450 Rp 1589,712385 3,01
142
UNIC Rp 2.221 Rp 1.204.394.333.981 383.331.363 Rp 3141,914412 0,71
TIRT Rp 117 Rp 198.594.966.434 1.011.774.750 Rp 196,2837741 0,60
ULTJ Rp 643 Rp 831.156.954.996 2.888.382.000 Rp 287,7586673 2,24
FORU Rp 82 Rp 84.743.355.389 465.224.000 Rp 182,1560268 0,45
MTDL Rp 165 Rp 284.281.847.110 2.041.925.923 Rp 139,2224095 1,19
RALS Rp 750 Rp 2.153.980.000.000 7.064.000.000 Rp 304,9235561 2,46
TURI Rp 236 Rp 856.276.000.000 1.395.000.000 Rp 613,8179211 0,38
Data price to book value (PBV) sampel 2009 :
Nama
Perusahaan
Harga
Saham/Lbr
(1)
Total Ekuitas
(2)
Jumlah Saham
Beredar
(3)
Nilai Buku
Ekuitas / Lbr
(4) = (2)/(3)
PBV
(5) =
(1)/(4)
ENRG Rp 84 Rp 3.711.240.898.000 14.400.813.372 Rp 258 0,33
SMCB Rp 574 Rp 2.537.926.000.000 7.662.900.000 Rp 331 1,73
CPIN Rp 63 Rp 1.320.308.000.000 3.284.561.408 Rp 402 0,16
JPFA Rp 45 Rp 1.042.702.000.000 1.489.414.660 Rp 700 0,06
INDF Rp 838 Rp 8.498.749.000.000 8.780.426.500 Rp 968 0,87
RMBA Rp 498 Rp 1.730.200.574.890 6.733.125.000 Rp 257 1,94
DVLA Rp 435 Rp 507.849.295.000 560.000.000 Rp 907 0,48
ELTY Rp 72 Rp 4.507.678.769.758 19.916.074.473 Rp 226 0,32
APOL Rp 215 Rp 1.607.668.511.384 2.998.604.000 Rp 536 0,40
MIRA Rp 250 Rp 1.068.975.306.431 3.959.854.218 Rp 270 0,00
143
MEDC Rp 1.740 Rp 8.028.024.419.250 2.941.996.950 Rp 2.729 0,64
SMGR Rp 3.810 Rp 8.069.585.873.000 5.931.520.000 Rp 1.360 2,80
MAIN Rp 120 Rp 46.179.809.000 339.000.000 Rp 136 0,88
SIPD Rp 48 Rp 1.033.064.472.285 9.391.108.493 Rp 110 0,44
MYOR Rp 930 Rp 1.245.109.325.465 766.584.000 Rp 1.624 0,57
HMSP Rp 6.865 Rp 8.047.896.000.000 4.383.000.000 Rp 1.836 3,74
INAF Rp 50 Rp 295.594.527.646 3.099.267.500 Rp 95 0,52
LPKR Rp 739 Rp 4.500.494.272.136 17.302.151.695 Rp 260 2,84
HITS Rp 550 Rp 1.606.165.568.000 4.661.183.654 Rp 345 1,60
SMDR Rp 2.179 Rp 2.095.009.509.000 163.756.000 Rp 12.793 0,17
Data price to book value (PBV) sampel 2010 :
Nama
Perusahaan
Harga
Saham/Lbr
(1)
Total Ekuitas
(2)
Jumlah Saham
Beredar
(3)
Nilai Buku
Ekuitas / Lbr
(4) = (2)/(3)
PBV
(5) =
(1)/(4)
UNSP Rp 555 Rp 2.669.843.170.000 3.787.996.935 Rp 705 0,79
SGRO Rp 2.453 Rp 1.765.580.591.000 1.890.000.000 Rp 934 2,63
ENRG Rp 193 Rp 1.741.368.560.000 14.400.813.372 Rp 121 1,60
ANTM Rp 2.099 Rp 8.148.939.490.000 9.538.459.750 Rp 854 2,46
BRPT Rp 1.330 Rp 6.467.418.000.000 6.979.892.784 Rp 927 1,44
JPFA Rp 174 Rp 2.101.540.000.000 2.071.732.660 Rp 1.014 0,17
ASII Rp 1.657 Rp 39.894.000.000.000 4.048.355.314 Rp 9.854 0,17
AISA Rp 328 Rp 428.442.451.764 1.672.000.000 Rp 256 1,28
RMBA Rp 623 Rp 1.755.365.685.812 6.733.125.000 Rp 261 2,39
144
MERK Rp 71.315 Rp 354.183.985.000 22.400.000 Rp 15.812 4,51
CTRA Rp 228 Rp 4.647.175.913.621 7.582.907.997 Rp 613 0,37
MIRA Rp 350 Rp (1.518.624.013.603) 3.961.403.058 Rp (383) -0,91
WEHA Rp 109 Rp 71.713.008.910 428.270.000 Rp 167 0,65
INDY Rp 1.998 Rp 5.331.922.407.000 5.207.142.000 Rp 1.024 1,95
UNTR Rp 13.299 Rp 13.843.710.000.000 3.326.877.283 Rp 4.161 3,20
MAPI Rp 609 Rp 1.288.043.669.000 1.660.000.000 Rp 776 0,79
PLIN Rp 2.326 Rp 1.685.685.015.000 3.550.000.000 Rp 475 4,90
MNCN Rp 192 Rp 4.286.176.000.000 5.700.000.000 Rp 752 0,26
BNBR Rp 85 Rp 5.007.980.641.000 93.721.717.440 Rp 53 1,59
SMAR Rp 2.107 Rp 4.795.878.010.531 2.872.193.366 Rp 1.670 1,26
GZCO Rp 217 Rp 1.069.981.887.764 5.000.000.000 Rp 214 1,01
ELSA Rp 339 Rp 1.909.678.000.000 7.298.500.000 Rp 262 1,30
TINS Rp 1.099 Rp 3.430.064.000.000 5.033.020.000 Rp 682 1,61
TPIA Rp 2.111 Rp 1.785.863.000.000 728.401.000 Rp 2.452 0,86
CPIN Rp 325 Rp 2.933.018.000.000 3.284.561.408 Rp 893 0,36
GJTL Rp 411 Rp 2.670.660.000.000 3.484.800.000 Rp 766 0,54
MLBI Rp 127.417 Rp 105.211.000.000 21.070.000 Rp 4.993 25,52
HMSP Rp 8.814 Rp 10.461.616.000.000 4.383.000.000 Rp 2.387 3,69
PYFA Rp 110 Rp 73.026.002.882 535.080.000 Rp 136 0,81
BSDE Rp 788 Rp 2.340.125.429.000 10.935.622.870 Rp 214 3,68
SMDR Rp 3.247 Rp 1.736.502.829.000 163.756.000 Rp 10.604 0,31
IATA Rp 50 Rp 186.539.258.000 2.322.723 Rp 80.311 0,00
TRUB Rp 126 Rp 1.958.449.758.000 114.702.092 Rp 17.074 0,01
AKRA Rp 948 Rp 1.741.060.477.000 3.138.292.500 Rp 555 1,71
145
RALS Rp 547 Rp 2.472.618.000.000 7.064.000.000 Rp 350 1,56
JSPT Rp 659 Rp 1.057.344.316.976 2.318.736.000 Rp 456 1,45
SCMA Rp 33 Rp 1.395.664.398.000 1.910.978.380 Rp 730 0,05
BHIT Rp 12 Rp 4.832.431.000.000 Rp 7.236.933.545 Rp 668 0,02
Data price to book value (PBV) sampel 2011 :
Nama
Perusahaan
Harga
Saham/Lbr
(1)
Total Ekuitas
(2)
Jumlah Saham
Beredar
(3)
Nilai Buku
Ekuitas / Lbr
(4) = (2)/(3)
PBV
(5) =
(1)/(4)
ADRO Rp 2.507 Rp 18.576.441.000.000 31.985.962.000 Rp 581 4,32
ENRG Rp 124 Rp 5.855.082.271.000 40.584.110.412 Rp 144 0,86
MEDC Rp 3.287 Rp 7.067.419.965.540 2.941.996.950 Rp 2.402 1,37
ANTM Rp 2.166 Rp 9.580.098.225.000 9.538.459.750 Rp 1.004 2,16
KIAS Rp 93 Rp 194.155.244.932 425.000.000 Rp 457 0,20
CPIN Rp 1.724 Rp 4.458.432.000.000 16.398.000.000 Rp 272 6,34
ASII Rp 3.303 Rp 49.310.000.000.000 4.048.355.314 Rp 12.180 0,27
PBRX Rp 312 Rp 167.132.173.418 445.440.000 Rp 375 0,83
PSDN Rp 80 Rp 138.347.566.368 1.440.000.000 Rp 96 0,83
AISA Rp 712 Rp 575.762.727.845 1.672.000.000 Rp 344 2,07
KIJA Rp 118 Rp 1.668.578.487.556 13.780.872.551 Rp 121 0,97
PWON Rp 212 Rp 1.429.057.537.000 10.033.250.500 Rp 142 1,48
RBMS Rp 81 Rp 109.507.827.217 260.000.000 Rp 421 0,19
INVS Rp 1.111 Rp 924.090.513.606 1.809.820.464 Rp 511 2,18
RAJA Rp 807 Rp 77.331.211.098 679.513.750 Rp 114 7,09
146
TRAM Rp 616 Rp 1.166.032.538.787 8.749.043.750 Rp 133 4,62
AKRA Rp 1.457 Rp 2.386.406.965.000 3.792.936.000 Rp 629 2,32
SQMI Rp 130 Rp 19.568.222.703 301.200.000 Rp 65 2,00
LPPF Rp 2.486 Rp 1.074.248.000.000 2.917.918.080 Rp 368 6,75
MNCN Rp 869 Rp 4.767.037.000.000 13.773.504.500 Rp 346 2,51
BNBR Rp 65 Rp 10.692.071.576.000 93.721.717.440 Rp 114 0,57
BMTR Rp 625 Rp 7.381.739.000.000 13.770.214.550 Rp 536 1,17
ITMG Rp 39.119 Rp 6.482.726.784.000 1.129.925.000 Rp 5.737 6,82
RUIS Rp 182 Rp 214.010.581.675 770.000.000 Rp 278 0,65
ELSA Rp 314 Rp 1.937.289.000.000 7.298.500.000 Rp 265 1,18
INCO Rp 4.551 Rp 15.118.560.000.000 9.936.338.720 Rp 1.522 2,99
AMFG Rp 5.583 Rp 1.842.925.000.000 434.000.000 Rp 4.246 1,31
JPFA Rp 398 Rp 3.074.281.000.000 2.071.732.660 Rp 1.484 0,27
IMAS Rp 3.700 Rp 1.277.322.403.505 1.036.979.405 Rp 1.232 3,00
ARGO Rp 1.300 Rp 211.904.038.000 335.557.450 Rp 631 2,06
ADES Rp 1.620 Rp 99.878.000.000 589.896.800 Rp 169 9,57
ULTJ Rp 1.198 Rp 1.297.952.719.759 2.888.382.000 Rp 449 2,67
BKSL Rp 109 Rp 4.106.828.848.477 28.542.905.010 Rp 144 0,76
DILD Rp 411 Rp 3.578.415.114.182 10.365.853.610 Rp 345 1,19
BAPA Rp 250 Rp 74.898.354.611 650.000.020 Rp 115 2,17
BTEL Rp 235 Rp 5.194.830.318.799 42.111.652.195 Rp 123 1,91
RIGS Rp 730 Rp 600.434.606.358 609.130.000 Rp 986 0,74
HITS Rp 400 Rp 589.025.880.000 4.661.183.654 Rp 126 3,17
EPMT Rp 1.061 Rp 1.798.126.068.426 2.280.000.000 Rp 789 1,35
KONI Rp 100 Rp 23.468.973.977 76.000.000 Rp 309 0,32
147
CSAP Rp 102 Rp 470.255.048.000 2.895.037.800 Rp 162 0,63
KBLV Rp 950 Rp 773.830.706.081 1.741.895.400 Rp 444 2,14
BHIT Rp 159 Rp 5.574.008.000.000 29.848.162.845 Rp 187 0,85
MLPL Rp 281 Rp 4.841.331.000.000 7.727.542.830 Rp 627 0,45
148
Lampiran 3 : Hasil SPSS Statistik Deskriptif dan Frekuensi untuk Model I
Descriptives
Frequencies
Descriptives
Descriptive Statistics
63 ,21 29,77 2,5298 4,04922
63 ,11 2,66 ,8633 ,66442
63 -1,20 ,53 ,0486 ,26270
63 ,07 1,15 ,5243 ,21963
63 -,91 9,36 2,2538 2,18215
63 -,18 7,09 1,2884 1,13714
63
CR_TARGET
TATO_TARGET
NPM_TARGET
DR_TARGET
PBV_TARGET
NP_TARGET
Valid N (listwise)
N Minimum Maximum Mean Std. Dev iation
Statistics
NKP_TARGET
63
0
Valid
Missing
N
NKP_TARGET
60 95,2 95,2 95,2
3 4,8 4,8 100,0
63 100,0 100,0
SEHAT
TIDAK SEHAT
Total
Valid
Frequency Percent Valid Percent
Cumulat iv e
Percent
Descriptive Statistics
63 ,24 8,44 2,0576 1,31622
63 ,12 3,11 1,0473 ,69086
63 -1,70 1,35 ,0767 ,30010
63 ,02 ,95 ,5025 ,19285
63 ,00 25,52 1,9967 3,41644
63 -,14 4,36 ,9914 ,86003
63
CR_NON_TARGET
TATO_NON_TAGET
NPM_NON_TARGET
DR_NON_TARGET
PBV_NON_TARGET
NP_NON_TARGET
Valid N (listwise)
N Minimum Maximum Mean Std. Dev iat ion
149
Frequencies
Statistics
NKP_NON_TARGET
63
0
Valid
Missing
N
NKP_NON_TARGET
62 98,4 98,4 98,4
1 1,6 1,6 100,0
63 100,0 100,0
SEHAT
TIDAK SEHAT
Total
Valid
Frequency Percent Valid Percent
Cumulat iv e
Percent
150
Lampiran 4 : Hasil SPSS Regresi Logistik Model I :
Logistic Regression
Block 0: Beginning Block
Case Processing Summary
126 82,4
27 17,6
153 100,0
0 ,0
153 100,0
Unweighted Casesa
Included in Analysis
Missing Cases
Total
Selected Cases
Unselected Cases
Total
N Percent
If weight is in ef f ect, see classif ication table for the total
number of cases.
a.
Dependent Variable Encoding
0
1
Original Value
TIDAK M&A
M&A
Internal Value
Iteration Historya,b,c
174,673 ,000
Iterat ion
1Step 0
-2 Log
likelihood Constant
Coeff icients
Constant is included in the model.a.
Initial -2 Log Likelihood: 174,673b.
Estimation terminated at iteration number 1 because
parameter est imates changed by less than ,001.
c.
151
Block 1: Method = Enter
Classification Tablea,b
0 63 ,0
0 63 100,0
50,0
Observed
TIDAK M&A
M&A
MERGER_AKUISISI
Overall Percentage
Step 0
TIDAK M&A M&A
MERGER_AKUISISI Percentage
Correct
Predicted
Constant is included in the model.a.
The cut v alue is ,500b.
Variables in the Equation
,000 ,178 ,000 1 1,000 1,000ConstantStep 0
B S.E. Wald df Sig. Exp(B)
Variables not in the Equation
,783 1 ,376
2,315 1 ,128
,318 1 ,573
,353 1 ,552
,257 1 ,612
2,718 1 ,099
1,033 1 ,310
11,971 7 ,102
CR
TATO
NPM
DR
PBV
NP
NKP
Variables
Overall Stat istics
Step
0
Score df Sig.
Iteration Historya,b,c,d
161,919 -1,628 ,127 -,378 ,003 2,289 -,131 ,673 1,093
161,611 -1,927 ,162 -,425 -,012 2,668 -,161 ,799 1,251
161,607 -1,957 ,167 -,428 -,014 2,704 -,164 ,807 1,255
161,607 -1,958 ,168 -,428 -,015 2,704 -,164 ,807 1,255
Iterat ion
1
2
3
4
Step
1
-2 Log
likelihood Constant CR TATO NPM DR PBV NP NKP
Coeff icients
Method: Entera.
Constant is included in the model.b.
Initial -2 Log Likelihood: 174,673c.
Estimat ion terminated at iteration number 4 because parameter estimates changed by less than ,001.d.
152
Omnibus Tests of Model Coefficients
13,066 7 ,071
13,066 7 ,071
13,066 7 ,071
Step
Block
Model
Step 1
Chi-square df Sig.
Model Summary
161,607a ,099 ,131
Step
1
-2 Log
likelihood
Cox & Snell
R Square
Nagelkerke
R Square
Estimation terminated at iteration number 4 because
parameter est imates changed by less than ,001.
a.
Hosmer and Lemeshow Test
10,054 8 ,261
Step
1
Chi-square df Sig.
Contingency Table for Hosmer and Lemeshow Test
8 9,759 5 3,241 13
11 8,489 2 4,511 13
7 7,973 6 5,027 13
7 7,368 6 5,632 13
6 6,793 7 6,207 13
10 6,299 3 6,701 13
6 5,511 7 7,489 13
3 4,941 10 8,059 13
3 4,189 10 8,811 13
2 1,678 7 7,322 9
1
2
3
4
5
6
7
8
9
10
Step
1
Observed Expected
MERGER_AKUISISI =
TIDAK M&A
Observed Expected
MERGER_AKUISISI =
M&A
Total
153
Classification Tablea
40 23 63,5
27 36 57,1
60,3
Observed
TIDAK M&A
M&A
MERGER_AKUISISI
Overall Percentage
Step 1
TIDAK M&A M&A
MERGER_AKUISISI Percentage
Correct
Predicted
The cut v alue is ,500a.
Variables in the Equation
,168 ,113 2,206 1 ,137 1,182
-,428 ,285 2,255 1 ,133 ,652
-,015 ,750 ,000 1 ,985 ,986
2,704 1,338 4,083 1 ,043 14,947
-,164 ,127 1,670 1 ,196 ,849
,807 ,351 5,298 1 ,021 2,242
1,255 1,207 1,080 1 ,299 3,507
-1,958 ,981 3,981 1 ,046 ,141
CR
TATO
NPM
DR
PBV
NP
NKP
Constant
Step
1a
B S.E. Wald df Sig. Exp(B)
Variable(s) entered on step 1: CR, TATO, NPM, DR, PBV, NP, NKP.a.
Correlation Matrix
1,000 -,649 -,176 -,267 -,892 ,307 -,485 -,106
-,649 1,000 -,018 ,025 ,535 -,080 ,136 -,029
-,176 -,018 1,000 -,055 -,101 ,015 -,065 -,001
-,267 ,025 -,055 1,000 ,325 -,119 ,066 ,046
-,892 ,535 -,101 ,325 1,000 -,336 ,387 ,102
,307 -,080 ,015 -,119 -,336 1,000 -,779 -,040
-,485 ,136 -,065 ,066 ,387 -,779 1,000 ,048
-,106 -,029 -,001 ,046 ,102 -,040 ,048 1,000
Constant
CR
TATO
NPM
DR
PBV
NP
NKP
Step
1
Constant CR TATO NPM DR PBV NP NKP
154
Step number: 1
Observed Groups and Predicted Probabilities
8
M
F M
R 6 M MM M MM M
E M MM M MM M
Q T MM M MMMM MMM M
U T MM M MMMM MMM M
E 4 TMMTMMM MMTT MMMMM M MM
N TMMTMMM MMTT MMMMM M MM
C M MMTTTTMTMTTMTT MMTMMMM MM
Y M MMTTTTMTMTTMTT MMTMMMM MM
2 T T TTTTTTTTTTTTTT MTTMTMM MT M
T T TTTTTTTTTTTTTT MTTMTMM MT M
T TT M T MTTTTTTTTTTTTTTTTTTTTMTMMTMTM T MM
T TT M T MTTTTTTTTTTTTTTTTTTTTMTMMTMTM T MM
Predicted
Prob: 0 ,25 ,5 ,75 1
Group: TTTTTTTTTTTTTTTTTTTTTTTTTTTTTTMMMMMMMMMMMMMMMMMMMMMMMMMMMMMM
Predicted Probability is of Membership for M&A
The Cut Value is ,50
Symbols: T - TIDAK M&A
M - M&A
Each Symbol Represents ,5 Cases.
155
Lampiran 5 : Data Mentah dan Data Olah untuk Model II
Data account receivable turnover (ART)
Data account receivable turnover (ART) sebelum sampel 2008 :
Nama
Perusahaan Penjualan Piutang(t) Piutang Awal(t-1) Rata-Rata Piutang ART
DSFI Rp 191.377.171.957 Rp 12.783.512.736 Rp 21.621.120.880 Rp 17.202.316.808 11,125
ANTM Rp 5.629.401.438.000 Rp 900.832.982.000 Rp 467.998.026 Rp 450.650.490.013 12,492
SULI Rp 703.992.374.835 Rp 59.137.580.882 Rp 20.803.265.598 Rp 39.970.423.240 17,613
AISA Rp 333.455.479.415 Rp 60.813.111.287 Rp 56.874.432.155 Rp 58.843.771.721 5,667
ABBA Rp 94.596.477.991 Rp 27.783.794.394 Rp 19.332.606.586 Rp 23.558.200.490 4,015
ASGR Rp 619.038.682.221 Rp 98.355.703.625 Rp 81.777.676.826 Rp 90.066.690.226 6,873
UNTR Rp 13.716.567.000.000 Rp 2.046.808.000.000 Rp 2.364.332.000.000 Rp 2.205.570.000.000 6,219
DSFI Rp 250.855.413.870 Rp 37.369.345.961 Rp 12.783.512.736 Rp 25.076.429.349 10,004
ANTM Rp 12.008.202.498.000 Rp 1.680.059.742.000 Rp 900.832.982.000 Rp 1.290.446.362.000 9,305
SULI Rp 1.073.890.281.326 Rp 72.876.758.757 Rp 59.137.580.882 Rp 66.007.169.820 16,269
AISA Rp 499.870.479.242 Rp 81.103.228.192 Rp 60.813.111.287 Rp 70.958.169.740 7,045
ABBA Rp 112.063.699.609 Rp 43.967.706.681 Rp 27.783.794.394 Rp 35.875.750.538 3,124
ASGR Rp 725.580.692.316 Rp 105.723.985.909 Rp 98.355.703.625 Rp 102.039.844.767 7,111
UNTR Rp 18.165.598.000.000 Rp 3.000.397.000.000 Rp 2.046.808.000.000 Rp 2.523.602.500.000 7,198
156
Data account receivable turnover (ART) sesudah sampel 2008 :
Nama
Perusahaan Penjualan Piutang(t) Piutang Awal(t-1) Rata-Rata Piutang ART
DSFI Rp 166.799.889.785 Rp 14.588.228.253 Rp 25.052.862.848 Rp 19.820.545.551 8,416
ANTM Rp8.711.370.255.000 Rp 818.097.073.000 Rp 594.950.328.000 Rp 706.523.700.500 12,330
SULI Rp 667.299.662.367 Rp 63.550.553.365 Rp 65.302.452.803 Rp 64.426.503.084 10,358
AISA Rp 533.194.383.227 Rp 142.866.279.756 Rp 83.628.575.635 Rp 113.247.427.696 4,708
ABBA Rp 147.595.013.414 Rp 73.988.472.960 Rp 58.490.228.130 Rp 66.239.350.545 2,228
ASGR Rp 1.335.237.021.820 Rp 126.203.090.142 Rp 167.083.079.617 Rp 146.643.084.880 9,105
UNTR Rp29.241.883.000.000 Rp 4.462.606.000.000 Rp 3.470.549.000.000 Rp 3.966.577.500.000 7,372
DSFI Rp 120.461.406.867 Rp 21.705.440.445 Rp 14.588.228.253 Rp 18.146.834.349 6,638
ANTM Rp 8.744.300.219.000 Rp 1.579.883.859.000 Rp 818.097.073.000 Rp 1.198.990.466.000 7,293
SULI Rp 592.237.585.904 Rp 18.063.979.938 Rp 63.550.553.365 Rp 40.807.266.652 14,513
AISA Rp 705.219.823.456 Rp 161.000.282.919 Rp 142.866.279.756 Rp 151.933.281.338 4,642
ABBA Rp 177.756.575.338 Rp 75.970.974.463 Rp 73.988.472.960 Rp 74.979.723.712 2,371
ASGR Rp 1.565.567.350.661 Rp 319.269.137.307 Rp 126.203.090.142 Rp 222.736.113.725 7,029
UNTR Rp37.323.872.000.000 Rp 5.214.881.000.000 Rp 4.462.606.000.000 Rp 4.838.743.500.000 7,714
Data account receivable turnover (ART) sebelum sampel 2009 :
Nama
Perusahaan Penjualan Piutang(t) Piutang Awal(t-1) Rata-Rata Piutang ART
SMCB Rp3.754.906.000.000 Rp 470.721.000.000 Rp 397.158.000.000 Rp 433.939.500.000 8,653
CPIN Rp8.679.504.000.000 Rp 725.062.000.000 Rp 410.877.000.000 Rp 567.969.500.000 15,282
157
JPFA Rp7.903.315.000.000 Rp 434.101.000.000 Rp 506.540.000.000 Rp 470.320.500.000 16,804
INDF Rp27.858.304.000.000 Rp 2.136.401.000.000 Rp 1.448.172.000.000 Rp 1.792.286.500.000 15,543
SMCB Rp4.803.377.000.000 Rp 558.868.000.000 Rp 470.721.000.000 Rp 514.794.500.000 9,331
CPIN Rp13.212.988.000.000 Rp 749.028.000.000 Rp 725.062.000.000 Rp 737.045.000.000 17,927
JPFA Rp11.524.719.000.000 Rp 641.220.000.000 Rp 434.101.000.000 Rp 537.660.500.000 21,435
INDF Rp38.799.279.000.000 Rp 2.260.082.000.000 Rp 2.136.401.000.000 Rp 2.198.241.500.000 17,650
Data account receivable turnover (ART) sesudah sampel 2009 :
Nama
Perusahaan Penjualan Piutang(t) Piutang Awal(t-1) Rata-Rata Piutang ART
SMCB Rp 5.960.589.000.000 Rp 591.531.000.000 Rp 604.020.000.000 Rp 597.775.500.000 9,971
CPIN Rp 15.077.822.000.000 Rp 890.490.000.000 Rp 857.442.000.000 Rp 873.966.000.000 17,252
JPFA Rp 13.955.792.000.000 Rp 803.358.000.000 Rp 756.051.000.000 Rp 779.704.500.000 17,899
INDF Rp 38.403.360.000.000 Rp 2.400.483.000.000 Rp 1.956.166.000.000 Rp 2.178.324.500.000 17,630
SMCB Rp 7.523.964.000.000 Rp 651.035.000.000 Rp 591.531.000.000 Rp 621.283.000.000 12,110
CPIN Rp 17.957.972.000.000 Rp 1.353.070.000.000 Rp 890.490.000.000 Rp 1.121.780.000.000 16,008
JPFA Rp 15.633.068.000.000 Rp 678.715.000.000 Rp 803.358.000.000 Rp 741.036.500.000 21,096
158
Data account receivable turnover (ART) sebelum sampel 2010 :
Nama
Perusahaan Penjualan Piutang(t) Piutang Awal(t-1) Rata-Rata Piutang ART
ANTM Rp 9.591.981.138.000 Rp 594.950.328.000 Rp 1.680.059.742.000 Rp 1.137.505.035.000 8,432
BRPT Rp 18.322.898.000.000 Rp 677.200.000.000 Rp 1.149.364.000.000 Rp 913.282.000.000 20,063
JPFA Rp 11.524.719.000.000 Rp 641.220.000.000 Rp 434.101.000.000 Rp 537.660.500.000 21,435
ASII Rp 97.064.000.000.000 Rp 6.167.000.000.000 Rp 5.718.490.000.000 Rp 5.942.745.000.000 16,333
CTRA Rp 932.525.317.195 Rp 131.448.088.196 Rp 76.570.081.323 Rp 104.009.084.760 8,966
WEHA Rp 78.007.000.000 Rp 10.116.000.000 Rp 8.958.508.132 Rp 9.537.254.066 8,179
UNTR Rp 27.903.196.000.000 Rp 3.470.549.000.000 Rp 3.000.397.000.000 Rp 3.235.473.000.000 8,624
MNCN Rp 3.921.940.000.000 Rp 1.663.489.000.000 Rp 1.282.039.409.053 Rp 1.472.764.204.527 2,663
BNBR Rp 8.404.679.927.000 Rp 1.110.724.650.000 Rp 810.549.336.000 Rp 960.636.993.000 8,749
ANTM Rp 8.711.370.255.000 Rp 818.097.073.000 Rp 594.950.328.000 Rp 706.523.700.500 12,330
BRPT Rp 14.392.940.000.000 Rp 1.141.687.000.000 Rp 677.200.000.000 Rp 909.443.500.000 15,826
JPFA Rp 14.340.277.000.000 Rp 756.051.000.000 Rp 641.220.000.000 Rp 698.635.500.000 20,526
ASII Rp 98.526.000.000.000 Rp 7.579.000.000.000 Rp 6.167.000.000.000 Rp 6.873.000.000.000 14,335
CTRA Rp 1.332.371.525.317 Rp 113.066.221.915 Rp 131.448.088.196 Rp 122.257.155.056 10,898
WEHA Rp 92.606.609.515 Rp 10.815.358.161 Rp 10.116.000.000 Rp 10.465.679.081 8,849
UNTR Rp 29.241.883.000.000 Rp 4.462.606.000.000 Rp 3.470.549.000.000 Rp 3.966.577.500.000 7,372
MNCN Rp 3.923.845.000.000 Rp 1.628.922.000.000 Rp 1.663.489.000.000 Rp 1.646.205.500.000 2,384
BNBR Rp 7.631.762.309.000 Rp 925.489.571.000 Rp 1.110.724.650.000 Rp 1.018.107.110.500 7,496
159
Data account receivable turnover (ART) sesudah sampel 2010 :
Nama
Perusahaan Penjualan Piutang(t) Piutang Awal(t-1) Rata-Rata Piutang ART
ANTM Rp 10.346.433.404.000 Rp 1 .247.342.620.000 Rp 1.579.883.859.000 Rp 1.413.613.239.500 7,319
BRPT Rp 9.354.195.000.000 Rp 1.201.452.000.000 Rp 1.020.445.000.000 Rp 1.110.948.500.000 8,420
JPFA Rp 15.633.068.000.000 Rp 678.715.000.000 Rp 803.358.000.000 Rp 741.036.500.000 21,096
ASII Rp162.564.000.000.000 Rp 14.526.000.000.000 Rp 9.391.000.000.000 Rp1.958.500.000.000 13,594
CTRA Rp 2.178.331.003.289 Rp 277.277.894.330 Rp 179.296.995.188 Rp 228.287.444.759 9,542
WEHA Rp 171.766.045.055 Rp 18.838.177.605 Rp 9.487.030.864 Rp 14.162.604.235 12,128
UNTR Rp 55.052.562.000.000 Rp 9.832.677.000.000 Rp 5.214.881.000.000 Rp 7.523.779.000.000 7,317
MAPI Rp 5.889.808.895.000 Rp 194.635.362.000 Rp 127.526.835.000 Rp 161.081.098.500 36,564
MNCN Rp 5.390.474.000.000 Rp 2.309.019.000.000 Rp 1.985.624.000.000 Rp 2.147.321.500.000 2,510
BNBR Rp 9.661.958.215.000 Rp 4.235.454.130.000 Rp 1.069.460.039.000 Rp 2.652.457.084.500 3,643
ANTM Rp 10.449.885.512.000 Rp 1.722.426.366.000 Rp 1.247.342.620.000 Rp 1.484.884.493.000 7,038
BRPT Rp 21.687.967.350.000 Rp 1.465.156.350.000 Rp 1.201.452.000.000 Rp 1.333.304.175.000 16,266
JPFA Rp 17.832.702.000.000 Rp 905.034.000.000 Rp 678.715.000.000 Rp 791.874.500.000 22,520
ASII Rp188.053.000.000.000 Rp 16.443.000.000.000 Rp 14.526.000.000.000 Rp5.484.500.000.000 12,145
CTRA Rp 3.322.669.123.181 Rp 467.483.598.704 Rp 277.277.894.330 Rp 372.380.746.517 8,923
WEHA Rp 201.199.180.415 Rp 16.183.131.099 Rp 18.838.177.605 Rp 17.510.654.352 11,490
UNTR Rp 55.953.915.000.000 Rp 9.667.707.000.000 Rp 9.832.677.000.000 Rp 9.750.192.000.000 5,739
MNCN Rp 6.265.260.000.000 Rp 2.435.960.000.000 Rp 2.309.019.000.000 Rp 2.372.489.500.000 2,641
BNBR Rp 15.479.335.198.000 Rp 3.341.431.490.000 Rp 4.235.454.130.000 Rp 3.788.442.810.000 4,086
160
Data account receivable turnover (ART) sebelum sampel 2011 :
Nama
Perusahaan Penjualan Piutang(t) Piutang Awal(t-1) Rata-Rata Piutang ART
ADRO Rp 26.938.020.000.000 Rp 2.882.459.000.000 Rp 2.331.886.000.000 Rp 2.607.172.500.000 10,332
CPIN Rp 14.559.005.000.000 Rp 857.286.000.000 Rp 749.028.000.000 Rp 803.157.000.000 18,127
ASII Rp 98.526.000.000.000 Rp 7.579.000.000.000 Rp 6.167.000.000.000 Rp 6.873.000.000.000 14,335
PBRX Rp 1.593.602.200.888 Rp 110.876.897.054 Rp 144.194.751.590 Rp 127.535.824.322 12,495
PSDN Rp 592.358.364.380 Rp 36.367.450.940 Rp 17.990.960.432 Rp 27.179.205.686 21,795
AISA Rp 533.194.383.227 Rp 142.866.279.756 Rp 83.628.575.635 Rp 113.247.427.696 4,708
KIJA Rp 392.566.008.511 Rp 38.253.224.574 Rp 24.280.860.637 Rp 31.267.042.606 12,555
INVS Rp 88.715.662.735 Rp 80.005.863.525 Rp 34.956.507.688 Rp 57.481.185.607 1,543
RAJA Rp 17.025.254.460 Rp 6.337.704.292 Rp 2.843.632.304 Rp 4.590.668.298 3,709
MNCN Rp 3.923.845.000.000 Rp 1.628.922.000.000 Rp 1.663.489.000.000 Rp 1.646.205.500.000 2,384
BMTR Rp 5.034.905.000.000 Rp 1.758.318.000.000 Rp 1.695.592.000.000 Rp 1.726.955.000.000 2,915
ADRO Rp 24.689.333.000.000 Rp 2.476.369.000.000 Rp 2.882.459.000.000 Rp 2.679.414.000.000 9,214
CPIN Rp 15.077.822.000.000 Rp 890.490.000.000 Rp 857.286.000.000 Rp 873.888.000.000 17,254
ASII Rp129.991.000.000.000 Rp 9.391.000.000.000 Rp 7.579.000.000.000 Rp 8.485.000.000.000 15,320
PBRX Rp 1.428.090.019.385 Rp 152.218.128.323 Rp 110.876.897.054 Rp 131.547.512.689 10,856
PSDN Rp 928.526.978.567 Rp 71.081.262.673 Rp 36.367.450.940 Rp 53.724.356.807 17,283
AISA Rp 705.219.823.456 Rp 161.000.282.918 Rp 142.866.279.756 Rp 151.933.281.337 4,642
KIJA Rp 597.419.779.479 Rp 44.416.171.968 Rp 38.253.224.574 Rp 41.334.698.271 14,453
INVS Rp 330.502.298.560 Rp 79.681.336.126 Rp 80.005.863.525 Rp 79.843.599.826 4,139
RAJA Rp 792.801.877.156 Rp 61.618.417.576 Rp 6.337.704.292 Rp 33.978.060.934 23,333
161
MNCN Rp 4.855.907.000.000 Rp 1.985.624.000.000 Rp 1.628.922.000.000 Rp 1.807.273.000.000 2,687
BMTR Rp 6.326.514.000.000 Rp 2.141.436.000.000 Rp 1.758.318.000.000 Rp 1.949.877.000.000 3,245
Data account receivable turnover (ART) sesudah sampel 2011 :
Nama
Perusahaan Penjualan Piutang(t) Piutang Awal(t-1) Rata-Rata Piutang ART
ADRO Rp 36.140.669.902.913 Rp 4.602.067.961.165 Rp 4.284.927.272.727 Rp 4.443.497.616.946 8,13
CPIN Rp 21.310.925.000.000 Rp 1.793.282.000.000 Rp 1.353.070.000.000 Rp 1.573.176.000.000 13,55
ASII Rp188.053.000.000.000 Rp 16.443.000.000.000 Rp14.526.000.000.000 Rp5.484.500.000.000 12,14
PBRX Rp 2.698.804.647.288 Rp 508.867.887.652 Rp 318.307.308.067 Rp 413.587.597.860 6,53
PSDN Rp 1.305.116.747.447 Rp 65.212.886.316 Rp 62.904.190.946 Rp 64.058.538.631 20,37
AISA Rp 2.747.623.000.000 Rp 560.046.000.000 Rp 473.758.000.000 Rp 516.902.000.000 5,32
KIJA Rp 1.400.611.694.161 Rp 118.659.146.129 Rp 85.507.850.760 Rp 102.083.498.445 13,72
INVS Rp 1.257.094.163.772 Rp 446.744.603.732 Rp 275.343.194.683 Rp 361.043.899.208 3,48
RAJA Rp 1.122.544.967.040 Rp 83.789.292.900 Rp 77.549.174.811 Rp 80.669.233.856 13,92
MNCN Rp 6.265.260.000.000 Rp 2.435.960.000.000 Rp 2.309.019.000.000 Rp 2.372.489.500.000 2,64
BMTR Rp 8.925.419.000.000 Rp 2.894.074.000.000 Rp 2.537.144.000.000 Rp 2.715.609.000.000 3,29
ADRO Rp 40.062.707.317.073 Rp 3.775.182.927.829 Rp 4.602.067.961.165 Rp 4.188.625.444.497 9,56
CPIN Rp 25.662.992.000.000 Rp 2.503.169.000.000 Rp 1.793.282.000.000 Rp 2.148.225.500.000 11,95
ASII Rp193.880.000.000.000 Rp 19.843.000.000.000 Rp16.443.000.000.000 Rp8.143.000.000.000 10,69
PBRX Rp 4.246.547.950.000 Rp 565.680.225.000 Rp 508.867.887.652 Rp 537.274.056.326 7,90
PSDN Rp 1.279.553.071.584 Rp 70.797.524.184 Rp 65.212.886.316 Rp 68.005.205.250 18,82
AISA Rp 4.056.735.000.000 Rp 904.695.000.000 Rp 560.046.000.000 Rp 732.370.500.000 5,54
KIJA Rp 2.739.598.333.777 Rp 230.554.954.026 Rp 118.659.146.129 Rp 174.607.050.078 15,69
162
INVS Rp 1.667.819.207.326 Rp 862.936.853.248 Rp 446.744.603.732 Rp 654.840.728.490 2,55
RAJA Rp 1.672.152.438.363 Rp 94.099.433.481 Rp 83.789.292.900 Rp 88.944.363.191 18,80
MNCN Rp 6.522.347.000.000 Rp 2.712.218.000.000 Rp 2.435.960.000.000 Rp 2.574.089.000.000 2,53
BMTR Rp 10.019.977.000.000 Rp 3.138.685.000.000 Rp 2.894.074.000.000 Rp 3.016.379.500.000 3,32
Data account payable turnover (APT) :
Data account payable turnover (APT) sebelum sampel 2008 :
Nama
Perusahaan
Pembelian Kredit
(1)
Utang Usaha(t)
(2)
Utang Usaha(t-1)
(3)
Rata-Rata Utang
(4) = ((1)+(2))/2
APT
(5) =
(1)/(4)
DSFI Rp 24.998.995.837 Rp 24.998.995.837 Rp 129.109.389.908 Rp 77.054.192.873 0,324
ANTM Rp 127.504.505.000 Rp 127.504.505.000 Rp 116.534.882.000 Rp 122.019.693.500 1,045
SULI Rp 126.509.823.931 Rp 126.509.823.931 Rp 148.674.444.175 Rp 137.592.134.053 0,919
AISA Rp 33.810.608.105 Rp 33.810.608.105 Rp 34.028.676.586 Rp 33.919.642.346 0,997
ABBA Rp 10.116.689.040 Rp 10.116.689.040 Rp 6.283.374.702 Rp 8.200.031.871 1,234
ASGR Rp 103.221.457.677 Rp 103.221.457.677 Rp 51.526.438.063 Rp 77.373.947.870 1,334
UNTR Rp 1.814.932.000.000 Rp 1.814.932.000.000 Rp 2.061.115.000.000 Rp 1.938.023.500.000 0,936
DSFI Rp 42.117.349.035 Rp 42.117.349.035 Rp 24.998.995.837 Rp 33.558.172.436 1,255
ANTM Rp 79.935.177.000 Rp 79.935.177.000 Rp 127.504.505.000 Rp 103.719.841.000 0,771
SULI Rp 118.527.272.221 Rp 118.527.272.221 Rp 126.509.823.931 Rp 122.518.548.076 0,967
AISA Rp 81.800.898.296 Rp 81.800.898.296 Rp 33.810.608.105 Rp 57.805.753.201 1,415
ABBA Rp 9.289.243.612 Rp 9.289.243.612 Rp 10.116.689.040 Rp 9.702.966.326 0,957
ASGR Rp 113.687.795.714 Rp 113.687.795.714 Rp 103.221.457.677 Rp 108.454.626.696 1,048
UNTR Rp 2.172.727.000.000 Rp 2.172.727.000.000 Rp 1.814.932.000.000 Rp 1.993.829.500.000 1,090
163
Data account payable turnover (APT) sesudah sampel 2008 :
Nama
Perusahaan
Pembelian Kredit
(1)
Utang Usaha(t)
(2)
Utang Usaha(t-1)
(3)
Rata-Rata Utang
(4) = ((1)+(2))/2
APT
(5) =
(1)/(4)
DSFI Rp 40.112.266.057 Rp 40.112.266.057 Rp 39.711.034.398 Rp 39.911.650.228 1,005
ANTM Rp 158.510.288.000 Rp 158.510.288.000 Rp 130.531.638.000 Rp 144.520.963.000 1,097
SULI Rp 189.926.444.279 Rp 189.926.444.279 Rp 170.836.171.510 Rp 180.381.307.895 1,053
AISA Rp 23.064.334.322 Rp 23.064.334.322 Rp 18.908.307.194 Rp 20.986.320.758 1,099
ABBA Rp 7.431.455.163 Rp 7.431.455.163 Rp 4.793.226.033 Rp 6.112.340.598 1,216
ASGR Rp 111.436.470.656 Rp 111.436.470.656 Rp 159.407.512.931 Rp 135.421.991.794 0,823
UNTR Rp 4.164.316.000.000 Rp 4.164.316.000.000 Rp 4.366.722.000.000 Rp 4.265.519.000.000 0,976
DSFI Rp 43.488.497.193 Rp 43.488.497.193 Rp 40.112.266.057 Rp 41.800.381.625 1,040
ANTM Rp 264.657.127.000 Rp 264.657.127.000 Rp 158.510.288.000 Rp 211.583.707.500 1,251
SULI Rp 141.224.282.171 Rp 141.224.282.171 Rp 189.926.444.279 Rp 165.575.363.225 0,853
AISA Rp 44.605.654.014 Rp 44.605.654.014 Rp 23.064.334.322 Rp 33.834.994.168 1,318
ABBA Rp 23.698.168.687 Rp 23.698.168.687 Rp 7.431.455.163 Rp 15.564.811.925 1,523
ASGR Rp 276.157.588.368 Rp 276.157.588.368 Rp 111.436.470.656 Rp 193.797.029.512 1,425
UNTR Rp 5.531.387.000.000 Rp 5.531.387.000.000 Rp 4.164.316.000.000 Rp 4.847.851.500.000 1,141
164
Data account payable turnover (APT) sebelum sampel 2009 :
Nama
Perusahaan
Pembelian Kredit
(1)
Utang Usaha(t)
(2)
Utang Usaha(t-1)
(3)
Rata-Rata Utang
(4) = ((1)+(2))/2
APT
(5) =
(1)/(4)
SMCB Rp 294.834.000.000 Rp 294.834.000.000 Rp 225.746.000.000 Rp 260.290.000.000 1,133
CPIN Rp 915.308.000.000 Rp 915.308.000.000 Rp 529.135.000.000 Rp 722.221.500.000 1,267
JPFA Rp 445.980.000.000 Rp 445.980.000.000 Rp 395.353.000.000 Rp 420.666.500.000 1,060
INDF Rp 1.821.644.000.000 Rp 1.821.644.000.000 Rp 1.177.620.000.000 Rp 1.499.632.000.000 1,215
SMCB Rp 326.561.000.000 Rp 326.561.000.000 Rp 294.834.000.000 Rp 310.697.500.000 1,051
CPIN Rp 588.340.000.000 Rp 588.340.000.000 Rp 915.308.000.000 Rp 751.824.000.000 0,783
JPFA Rp 557.148.000.000 Rp 557.148.000.000 Rp 445.980.000.000 Rp 501.564.000.000 1,111
INDF Rp 2.514.689.000.000 Rp 2.514.689.000.000 Rp 1.821.644.000.000 Rp 2.168.166.500.000 1,160
Data account payable turnover (APT) sesudah sampel 2009 :
Nama
Perusahaan
Pembelian Kredit
(1)
Utang Usaha(t)
(2)
Utang Usaha(t-1)
(3)
Rata-Rata Utang
(4) = ((1)+(2))/2
APT
(5) =
(1)/(4)
SMCB Rp 455.687.000.000 Rp 455.687.000.000 Rp 315.324.000.000 Rp 385.505.500.000 1,182
CPIN Rp 755.194.000.000 Rp 755.194.000.000 Rp 735.331.000.000 Rp 745.262.500.000 1,013
JPFA Rp 412.217.000.000 Rp 412.217.000.000 Rp 424.556.000.000 Rp 418.386.500.000 0,985
INDF Rp 1.739.963.000.000 Rp 1.739.963.000.000 Rp 1.686.618.000.000 Rp 1.713.290.500.000 1,016
SMCB Rp 517.954.000.000 Rp 517.954.000.000 Rp 455.687.000.000 Rp 486.820.500.000 1,064
CPIN Rp 629.253.000.000 Rp 629.253.000.000 Rp 755.194.000.000 Rp 692.223.500.000 0,909
JPFA Rp 314.104.000.000 Rp 314.104.000.000 Rp 412.217.000.000 Rp 363.160.500.000 0,865
165
INDF Rp 1.799.736.000.000 Rp 1.799.736.000.000 Rp 1.739.963.000.000 Rp 1.769.849.500.000 1,017
Data account payable turnover (APT) sebelum sampel 2010 :
Nama
Perusahaan
Pembelian Kredit
(1)
Utang Usaha(t)
(2)
Utang Usaha(t-1)
(3)
Rata-Rata Utang
(4) = ((1)+(2))/2
APT
(5) =
(1)/(4)
ANTM Rp 130.531.638.000 Rp 130.531.638.000 Rp 79.935.177.000 Rp 105.233.407.500 1,240
BRPT Rp 1.357.231.000.000 Rp 1.357.231.000.000 Rp 1.312.858.000.000 Rp 1.335.044.500.000 1,017
JPFA Rp 557.148.000.000 Rp 557.148.000.000 Rp 445.980.000.000 Rp 501.564.000.000 1,111
ASII Rp 6.815.000.000.000 Rp 6.815.000.000.000 Rp 4.434.229.000.000 Rp 5.624.614.500.000 1,212
CTRA Rp 9.053.789.331 Rp 9.053.789.331 Rp 8.863.678.417 Rp 8.958.733.874 1,011
WEHA Rp 3.411.000.000 Rp 3.411.000.000 Rp 3.175.724.751 Rp 3.293.362.376 1,036
UNTR Rp 4.366.722.000.000 Rp 4.366.722.000.000 Rp 2.172.727.000.000 Rp 3.269.724.500.000 1,336
MNCN Rp 693.237.000.000 Rp 693.237.000.000 Rp 481.481.928.054 Rp 587.359.464.027 1,180
BNBR Rp 1.071.092.339.000 Rp 1.071.092.339.000 Rp 471.206.980.000 Rp 771.149.659.500 1,389
ANTM Rp 158.510.288.000 Rp 158.510.288.000 Rp 130.531.638.000 Rp 144.520.963.000 1,097
BRPT Rp 1.896.452.000.000 Rp 1.896.452.000.000 Rp 1.357.231.000.000 Rp 1.626.841.500.000 1,166
JPFA Rp 424.556.000.000 Rp 424.556.000.000 Rp 557.148.000.000 Rp 490.852.000.000 0,865
ASII Rp 7.278.000.000.000 Rp 7.278.000.000.000 Rp 6.815.000.000.000 Rp 7.046.500.000.000 1,033
CTRA Rp 11.693.628.779 Rp 11.693.628.779 Rp 9.053.789.331 Rp 10.373.709.055 1,127
WEHA Rp 4.808.540.989 Rp 4.808.540.989 Rp 3.411.000.000 Rp 4.109.770.495 1,170
UNTR Rp 4.164.316.000.000 Rp 4.164.316.000.000 Rp 4.366.722.000.000 Rp 4.265.519.000.000 0,976
MNCN Rp 601.513.000.000 Rp 601.513.000.000 Rp 693.237.000.000 Rp 647.375.000.000 0,929
BNBR Rp1.839.497.480.000 Rp 1.839.497.480.000 Rp 1.071.092.339.000 Rp 1.455.294.909.500 1,264
166
Data account payable turnover (APT) sesudah sampel 2010 :
Nama
Perusahaan
Pembelian Kredit
(1)
Utang Usaha(t)
(2)
Utang Usaha(t-1)
(3)
Rata-Rata Utang
(4) = ((1)+(2))/2
APT
(5) =
(1)/(4)
ANTM Rp 257.594.562.000 Rp 257.594.562.000 Rp 264.657.127.000 Rp 261.125.844.500 0,986
BRPT Rp2.934.253.000.000 Rp 2.934.253.000.000 Rp 2.403.423.000.000 Rp 2.668.838.000.000 1,099
JPFA Rp 314.104.000.000 Rp 314.104.000.000 Rp 412.127.000.000 Rp 363.115.500.000 0,865
ASII Rp15.542.000.000.000 Rp 15.542.000.000.000 Rp 9.275.000.000.000 Rp 12.408.500.000.000 1,253
CTRA Rp 27.962.855.820 Rp 27.962.855.820 Rp 27.157.406.998 Rp 27.560.131.409 1,015
WEHA Rp 15.888.395.048 Rp 15.888.395.048 Rp 17.630.597.610 Rp 16.759.496.329 0,948
UNTR Rp10.303.461.000.000 Rp 10.303.461.000.000 Rp 5.531.387.000.000 Rp 7.917.424.000.000 1,301
MNCN Rp 481.935.000.000 Rp 481.935.000.000 Rp 423.833.000.000 Rp 452.884.000.000 1,064
BNBR Rp 26.215.133.904 Rp 26.215.133.904 Rp 23.698.168.687 Rp 24.956.651.296 1,050
ANTM Rp 416.953.452.000 Rp 416.953.452.000 Rp 257.594.562.000 Rp 337.274.007.000 1,236
BRPT Rp 4.222.808.100.000 Rp 4.222.808.100.000 Rp 2.934.253.000.000 Rp 3.578.530.550.000 1,180
JPFA Rp 556.889.000.000 Rp 556.889.000.000 Rp 314.104.000.000 Rp 435.496.500.000 1,279
ASII Rp12.685.000.000.000 Rp 12.685.000.000.000 Rp 15.542.000.000.000 Rp 14.113.500.000.000 0,899
CTRA Rp 10.494.810.706 Rp 10.494.810.706 Rp 27.962.855.820 Rp 19.228.833.263 0,546
WEHA Rp 10.088.914.688 Rp 10.088.914.688 Rp 15.888.395.048 Rp 12.988.654.868 0,777
UNTR Rp 6.666.457.000.000 Rp 6.666.457.000.000 Rp 10.303.461.000.000 Rp 8.484.959.000.000 0,786
MNCN Rp 447.304.000.000 Rp 447.304.000.000 Rp 481.935.000.000 Rp 464.619.500.000 0,963
BNBR Rp 27.551.148.148 Rp 27.551.148.148 Rp 26.215.133.904 Rp 26.883.141.026 1,025
167
Data account payable turnover (APT) sebelum sampel 2011 :
Nama
Perusahaan
Pembelian Kredit
(1)
Utang Usaha(t)
(2)
Utang Usaha(t-1)
(3)
Rata-Rata Utang
(4) = ((1)+(2))/2
APT
(5) =
(1)/(4)
ADRO Rp2.168.104.000.000 Rp 2.168.104.000.000 Rp 2.641.309.000.000 Rp 2.404.706.500.000 0,90
CPIN Rp 735.331.000.000 Rp 735.331.000.000 Rp 588.340.000.000 Rp 661.835.500.000 1,11
ASII Rp7.278.000.000.000 Rp 7.278.000.000.000 Rp 6.815.000.000.000 Rp 7.046.500.000.000 1,03
PBRX Rp 163.975.852.890 Rp 163.975.852.890 Rp 203.749.611.100 Rp 183.862.731.995 0,89
PSDN Rp 6.417.384.879 Rp 6.417.384.879 Rp 2.467.627.526 Rp 4.442.506.203 1,44
AISA Rp 23.064.334.322 Rp 23.064.334.322 Rp 18.908.307.194 Rp 20.986.320.758 1,10
KIJA Rp 28.340.255.723 Rp 28.340.255.723 Rp 62.946.203.534 Rp 45.643.229.629 0,62
INVS Rp 60.060.405.575 Rp 60.060.405.575 Rp 20.029.558.930 Rp 40.044.982.253 1,50
RAJA Rp 61.299.250 Rp 61.299.250 Rp 866.925.950 Rp 464.112.600 0,13
MNCN Rp 601.513.000.000 Rp 601.513.000.000 Rp 693.237.000.000 Rp 647.375.000.000 0,93
BMTR Rp 693.132.000.000 Rp 693.132.000.000 Rp 720.192.000.000 Rp 706.662.000.000 0,98
ADRO Rp2.413.129.000.000 Rp 2.413.129.000.000 Rp 2.168.104.000.000 Rp 2 .290.616.500.000 1,05
CPIN Rp 755.194.000.000 Rp 755.194.000.000 Rp 735.331.000.000 Rp 745.262.500.000 1,01
ASII Rp9.275.000.000.000 Rp 9.275.000.000.000 Rp 7.278.000.000.000 Rp 8.276.500.000.000 1,12
PBRX Rp 151.473.244.851 Rp 151.473.244.851 Rp 163.975.852.890 Rp 157.724.548.871 0,96
PSDN Rp 18.374.043.175 Rp 18.374.043.175 Rp 6.417.384.879 Rp 12.395.714.027 1,48
AISA Rp 44.605.654.014 Rp 44.605.654.014 Rp 23.064.334.322 Rp 33.834.994.168 1,32
KIJA Rp 49.185.506.654 Rp 49.185.506.654 Rp 28.340.255.723 Rp 38.762.881.189 1,27
INVS Rp 159.849.042.597 Rp 159.849.042.597 Rp 60.060.405.575 Rp 109.954.724.086 1,45
RAJA Rp 8.290.765.153 Rp 8.290.765.153 Rp 61.299.250 Rp 4.176.032.202 1,99
MNCN Rp 423.833.000.000 Rp 423.833.000.000 Rp 601.513.000.000 Rp 512.673.000.000 0,83
BMTR Rp 576.714.000.000 Rp 576.714.000.000 Rp 693.132.000.000 Rp 634.923.000.000 0,91
168
Data account payable turnover (APT) sesudah sampel 2011 :
Nama
Perusahaan
Pembelian Kredit
(1)
Utang Usaha(t)
(2)
Utang Usaha(t-1)
(3)
Rata-Rata Utang
(4) = ((1)+(2))/2
APT
(5) =
(1)/(4)
ADRO Rp 3.424.029.126.214 Rp 3.424.029.126.214 Rp 3.530.381.818.182 Rp 3.477.205.472.198 0,985
CPIN Rp 1.013.746.000.000 Rp 1.013.746.000.000 Rp 629.253.000.000 Rp 821.499.500.000 1,234
ASII Rp 12.685.000.000.000 Rp 12.685.000.000.000 Rp 5.542.000.000.000 Rp 14.113.500.000.000 0,899
PBRX Rp 410.065.941.023 Rp 410.065.941.023 Rp 217.956.997.863 Rp 314.011.469.443 1,306
PSDN Rp 6.260.905.899 Rp 6.260.905.899 Rp 6.276.430.389 Rp 6.268.668.144 0,999
AISA Rp 67.907.000.000 Rp 67.907.000.000 Rp 30.116.000.000 Rp 49.011.500.000 1,386
KIJA Rp 166.426.985.201 Rp 166.426.985.201 Rp 89.011.690.273 Rp 127.719.337.737 1,303
INVS Rp 251.811.104.878 Rp 251.811.104.878 Rp 154.093.968.759 Rp 202.952.536.819 1,241
RAJA Rp 38.214.940.690 Rp 38.214.940.690 Rp 32.362.639.945 Rp 35.288.790.318 1,083
MNCN Rp 447.304.000.000 Rp 447.304.000.000 Rp 481.935.000.000 Rp 464.619.500.000 0,963
BMTR Rp 1.171.811.000.000 Rp 1.171.811.000.000 Rp 852.948.000.000 Rp 1.012.379.500.000 1,157
ADRO Rp 3.987.646.341.463 Rp 3.987.646.341.463 Rp 3.424.029.126.214 Rp 3.705.837.733.839 1,076
CPIN Rp 1.438.618.000.000 Rp 1.438.618.000.000 Rp 1.013.746.000.000 Rp 1.226.182.000.000 1,173
ASII Rp 17.275.000.000.000 Rp 17.275.000.000.000 Rp12.685.000.000.000 Rp 14.980.000.000.000 1,153
PBRX Rp 528.698.325.000 Rp 528.698.325.000 Rp 410.065.941.023 Rp 469.382.133.012 1,126
PSDN Rp 7.126.761.834 Rp 7.126.761.834 Rp 6.260.905.899 Rp 6.693.833.867 1,065
AISA Rp 127.726.000.000 Rp 127.726.000.000 Rp 67.907.000.000 Rp 97.816.500.000 1,306
KIJA Rp 186.607.433.215 Rp 186.607.433.215 Rp 166.426.985.201 Rp 176.517.209.208 1,057
INVS Rp 614.131.498.108 Rp 614.131.498.108 Rp 251.811.104.878 Rp 432.971.301.493 1,418
RAJA Rp 60.250.385.457 Rp 60.250.385.457 Rp 38.214.940.690 Rp 49.232.663.074 1,224
169
MNCN Rp 631.009.000.000 Rp 631.009.000.000 Rp 447.304.000.000 Rp 539.156.500.000 1,170
BMTR Rp 1.557.197.000.000 Rp 1.557.197.000.000 Rp 1.171.811.000.000 Rp 1.364.504.000.000 1,141
Data SG&A ratio (SGA) :
Data SG&A ratio (SGA) sebelum sampel 2008 :
Nama
Perusahaan
Beban SG&A
(1)
Penjualan
(2)
SGA
(3) = (1)/(2)
DSFI Rp 37.760.356.055 Rp 191.377.171.957 0,197
ANTM Rp 337.772.143.000 Rp 5.629.401.438.000 0,06
SULI Rp 78.180.812.301 Rp 703.992.374.835 0,111
AISA Rp 15.656.913.232 Rp 333.455.479.415 0,05
ABBA Rp 37.318.541.707 Rp 94.596.477.991 0,39
ASGR Rp 157.121.901.355 Rp 619.038.682.221 0,25
UNTR Rp 1.043.835.000.000 Rp 13.716.567.000.000 0,08
DSFI Rp 36.587.376.942 Rp 250.855.413.870 0,146
ANTM Rp 417.152.629.000 Rp 12.008.202.498.000 0,03
SULI Rp 100.390.213.229 Rp 1.073.890.281.326 0,093
AISA Rp 32.191.768.969 Rp 499.870.479.242 0,06
ABBA Rp 37.556.832.208 Rp 112.063.699.609 0,34
ASGR Rp 220.500.718.299 Rp 725.580.692.316 0,30
UNTR Rp 850.200.000.000 Rp 18.165.598.000.000 0,05
170
Data SG&A ratio (SGA) sesudah sampel 2008 :
Nama
Perusahaan
Beban SG&A
(1)
Penjualan
(2)
SGA
(3) = (1)/(2)
DSFI Rp 34.376.191.952 Rp 166.799.889.785 0,206
ANTM Rp 610.477.292.000 Rp 8.711.370.255.000 0,07
SULI Rp 88.423.914.212 Rp 667.299.662.367 0,133
AISA Rp 47.509.001.025 Rp 533.194.383.227 0,09
ABBA Rp 56.059.337.936 Rp 147.595.013.414 0,38
ASGR Rp 271.551.968.707 Rp 1.335.237.021.820 0,20
UNTR Rp 1.502.315.000.000 Rp 29.241.883.000.000 0,05
DSFI Rp 13.968.705.929 Rp 120.461.406.867 0,116
ANTM Rp 990.544.014.000 Rp 8.744.300.219.000 0,11
SULI Rp 89.328.268.568 Rp 592.237.585.904 0,151
AISA Rp 57.425.478.181 Rp 705.219.823.456 0,08
ABBA Rp 70.730.376.711 Rp 177.756.575.338 0,40
ASGR Rp 298.616.146.967 Rp 1.565.567.350.661 0,19
UNTR Rp 1.633.177.000.000 Rp 37.323.872.000.000 0,04
Data SG&A ratio (SGA) sebelum sampel 2009 :
Nama
Perusahaan
Beban SG&A
(1)
Penjualan
(2)
SGA
(3) = (1)/(2)
SMCB Rp 741.638.000.000 Rp 3.754.906.000.000 0,198
171
CPIN Rp 722.658.000.000 Rp 8.679.504.000.000 0,083
JPFA Rp 995.422.000.000 Rp 7.903.315.000.000 0,126
INDF Rp 3.682.124.000.000 Rp 27.858.304.000.000 0,132
SMCB Rp 884.120.000.000 Rp 4.803.377.000.000 0,184
CPIN Rp 784.489.000.000 Rp 13.212.988.000.000 0,059
JPFA Rp 1.150.833.000.000 Rp 11.524.719.000.000 0,100
INDF Rp 4.635.441.000.000 Rp 38.799.279.000.000 0,119
Data SG&A ratio (SGA) sesudah sampel 2009 :
Nama
Perusahaan
Beban SG&A
(1)
Penjualan
(2)
SGA
(3) =
(1)/(2)
SMCB Rp 916.011.000.000 Rp 5.960.589.000.000 0,154
CPIN Rp 993.116.000.000 Rp 15.077.822.000.000 0,066
JPFA Rp 1.473.367.000.000 Rp 13.955.792.000.000 0,106
INDF Rp 5.741.141.000.000 Rp 38.403.360.000.000 0,149
SMCB Rp 1.150.483.000.000 Rp 7.523.964.000.000 0,153
CPIN Rp 939.782.000.000 Rp 17.957.972.000.000 0,052
JPFA Rp 1.453.340.000.000 Rp 15.633.068.000.000 0,093
INDF Rp 5.864.350.000.000 Rp 45.332.256.000.000 0,129
172
Data SG&A ratio (SGA) sebelum sampel 2010 :
Nama
Perusahaan
Beban SG&A
(1)
Penjualan
(2)
SGA
(3) = (1)/(2)
ANTM Rp 692.575.177.271 Rp 9.591.981.138.000 0,072
BRPT Rp 786.968.000.000 Rp 18.322.898.000.000 0,043
JPFA Rp 1.150.833.000.000 Rp 11.524.719.000.000 0,100
ASII Rp 9.854.000.000.000 Rp 97.064.000.000.000 0,102
CTRA Rp 330.639.056.061 Rp 932.525.317.195 0,355
WEHA Rp 8.893.000.000 Rp 78.007.000.000 0,114
UNTR Rp 1.340.541.000.000 Rp 27.903.196.000.000 0,048
MNCN Rp 863.492.000.000 Rp 3.921.940.000.000 0,220
BNBR Rp 2.393.813.976.000 Rp 8.404.679.927.000 0,108
ANTM Rp 610.477.292.000 Rp 8.711.370.255.000 0,070
BRPT Rp 630.236.000.000 Rp 14.392.940.000.000 0,044
JPFA Rp 1.297.003.000.000 Rp 14.340.277.000.000 0,090
ASII Rp 10.015.000.000.000 Rp 98.526.000.000.000 0,102
CTRA Rp 315.469.134.861 Rp 1.332.371.525.317 0,237
WEHA Rp 19.029.774.842 Rp 92.606.609.515 0,205
UNTR Rp 1.502.315.000.000 Rp 29.241.883.000.000 0,051
MNCN Rp 925.403.000.000 Rp 3.923.845.000.000 0,236
BNBR Rp 3.002.838.092.000 Rp 7.631.762.309.000 0,123
173
Data SG&A ratio (SGA) sesudah sampel 2010 :
Nama
Perusahaan
Beban SG&A
(1)
Penjualan
(2)
SGA
(3) = (1)/(2)
ANTM Rp 917.543.922.000 Rp 10.346.433.404.000 0,089
BRPT Rp 342.326.000.000 Rp 9.354.195.000.000 0,037
JPFA Rp 1.453.340.000.000 Rp 15.633.068.000.000 0,093
ASII Rp 14.202.000.000.000 Rp 162.564.000.000.000 0,087
CTRA Rp 543.542.558.360 Rp 2.178.331.003.289 0,250
WEHA Rp 40.735.794.022 Rp 171.766.045.055 0,237
UNTR Rp 2.578.423.000.000 Rp 55.052.562.000.000 0,047
MNCN Rp 1.191.747.000.000 Rp 5.390.474.000.000 0,221
BNBR Rp 1.689.964.655.000 Rp 9.661.958.215.000 0,020
ANTM Rp 1.036.428.127.000 Rp 10.449.885.512.000 0,099
BRPT Rp 749.677.950.000 Rp 21.687.967.350.000 0,035
JPFA Rp 1.515.651.000.000 Rp 17.832.702.000.000 0,085
ASII Rp 16.330.000.000.000 Rp 188.053.000.000.000 0,087
CTRA Rp 712.062.940.729 Rp 3.322.669.123.181 0,214
WEHA Rp 47.678.716.644 Rp 201.199.180.415 0,237
UNTR Rp 2.954.654.000.000 Rp 55.953.915.000.000 0,053
MNCN Rp 1.193.789.000.000 Rp 6.265.260.000.000 0,191
BNBR Rp 248.100.291.000 Rp 15.479.335.198.000 0,032
174
Data SG&A ratio (SGA) sebelum sampel 2011 :
Nama
Perusahaan
Beban SG&A
(1)
Penjualan
(2)
SGA
(3) =
(1)/(2)
ADRO Rp 1.109.450.000.000 Rp 26.938.020.000.000 0,041
CPIN Rp 812.204.000.000 Rp 14.559.005.000.000 0,056
ASII Rp 10.015.000.000.000 Rp 98.526.000.000.000 0,102
PBRX Rp 112.697.584.783 Rp 1.593.602.200.888 0,071
PSDN Rp 44.843.142.540 Rp 592.358.364.380 0,076
AISA Rp 47.509.001.025 Rp 533.194.383.227 0,089
KIJA Rp 117.162.978.518 Rp 392.566.008.511 0,298
INVS Rp 6.584.740.065 Rp 88.715.662.735 0,074
RAJA Rp 3.264.235.769 Rp 17.025.254.460 0,192
MNCN Rp 925.403.000.000 Rp 3.923.845.000.000 0,236
BMTR Rp 1.291.835.000.000 Rp 5.034.905.000.000 0,257
ADRO Rp 957.764.000.000 Rp 24.689.333.000.000 0,039
CPIN Rp 993.116.000.000 Rp 15.077.822.000.000 0,066
ASII Rp 12.149.000.000.000 Rp 129.991.000.000.000 0,093
PBRX Rp 99.708.013.751 Rp 1.428.090.019.385 0,070
PSDN Rp 55.054.154.441 Rp 928.526.978.567 0,059
AISA Rp 57.425.478.181 Rp 705.219.823.456 0,081
KIJA Rp 178.075.572.689 Rp 597.419.779.479 0,298
INVS Rp 18.841.906.144 Rp 330.502.298.560 0,057
RAJA Rp 67.422.847.921 Rp 792.801.877.156 0,085
MNCN Rp 956.394.000.000 Rp 4.855.907.000.000 0,197
175
BMTR Rp 1.179.245.000.000 Rp 6.326.514.000.000 0,186
Data SG&A ratio (SGA) sesudah sampel 2011 :
Nama
Perusahaan
Beban SG&A
(1)
Penjualan
(2)
SGA
(3) =
(1)/(2)
ADRO Rp 1.680.262.135.922 Rp 36.140.669.902.913 0,046
CPIN Rp 1.090.722.000.000 Rp 21.310.925.000.000 0,051
ASII Rp 16.330.000.000.000 Rp 188.053.000.000.000 0,087
PBRX Rp 172.241.083.336 Rp 2.698.804.647.288 0,064
PSDN Rp 86.831.112.666 Rp 1.305.116.747.447 0,067
AISA Rp 179.281.000.000 Rp 2.747.623.000.000 0,065
KIJA Rp 235.052.960.433 Rp 1.400.611.694.161 0,168
INVS Rp 48.100.231.051 Rp 1.257.094.163.772 0,038
RAJA Rp 105.580.589.550 Rp 1.122.544.967.040 0,094
MNCN Rp 1.193.789.000.000 Rp 6.265.260.000.000 0,191
BMTR Rp 1.527.054.000.000 Rp 8.925.419.000.000 0,171
ADRO Rp 2.110.841.463.415 Rp 40.062.707.317.073 0,053
CPIN Rp 1.245.875.000.000 Rp 25.662.992.000.000 0,049
ASII Rp 16.708.000.000.000 Rp 193.880.000.000.000 0,086
PBRX Rp 287.858.237.500 Rp 4.246.547.950.000 0,068
PSDN Rp 97.073.022.609 Rp 1.279.553.071.584 0,076
AISA Rp 297.920.000.000 Rp 4.056.735.000.000 0,073
KIJA Rp 316.164.219.611 Rp 2.739.598.333.777 0,115
176
INVS Rp 106.691.745.309 Rp 1.667.819.207.326 0,064
RAJA Rp 158.239.267.893 Rp 1.672.152.438.363 0,095
MNCN Rp 1.111.426.000.000 Rp 6.522.347.000.000 0,170
BMTR Rp 1.675.758.000.000 Rp 10.019.977.000.000 0,167
Data Fixed Asset Turnover (FAT) :
Data fixed asset turnover (FAT) sebelum sampel 2008 :
Nama
Perusahaan
Penjualan
(1)
Aset Tetap
(2)
FAT
(3) = (1)/(2)
DSFI Rp 191.377.171.957 Rp 85.573.190.675 2,236
ANTM Rp 5.629.401.438.000 Rp 3.346.302.819.000 1,682
SULI Rp 703.992.374.835 Rp 910.952.545.352 0,773
AISA Rp 333.455.479.415 Rp 177.231.356.184 1,881
ABBA Rp 94.596.477.991 Rp 47.845.452.604 1,977
ASGR Rp 619.038.682.221 Rp 137.308.025.869 4,508
UNTR Rp 13.716.567.000.000 Rp 5.191.454.000.000 2,642
DSFI Rp 250.855.413.870 Rp 81.735.470.192 3,069
ANTM Rp 12.008.202.498.000 Rp 3.022.621.934.000 3,973
SULI Rp 1.073.890.281.326 Rp 1.148.399.952.424 0,935
AISA Rp 499.870.479.242 Rp 275.605.568.821 1,814
ABBA Rp 112.063.699.609 Rp 44.131.294.814 2,539
ASGR Rp 725.580.692.316 Rp 141.512.854.274 5,127
UNTR Rp 18.165.598.000.000 Rp 5.527.058.000.000 3,287
177
Data fixed asset turnover (FAT) sesudah sampel 2008 :
Nama
Perusahaan
Penjualan
(1)
Aset Tetap
(2)
FAT
(3) = (1)/(2)
DSFI Rp 6.799.889.785 Rp 72.844.288.998 2,290
ANTM Rp 8.711.370.255.000 Rp 2.890.601.952.000 3,014
SULI Rp 667.299.662.367 Rp 1.240.894.650.453 0,538
AISA Rp 533.194.383.227 Rp 543.788.070.615 0,981
ABBA Rp 147.595.013.414 Rp 46.076.109.815 3,203
ASGR Rp 1.335.237.021.820 Rp 166.061.793.635 8,041
UNTR Rp 29.241.883.000.000 Rp 11.835.726.000.000 2,471
DSFI Rp 120.461.406.867 Rp 40.917.700.129 2,944
ANTM Rp 8.744.300.219.000 Rp 2.952.396.841.000 2,962
SULI Rp 592.237.585.904 Rp 992.177.111.766 0,597
AISA Rp 705.219.823.456 Rp 620.042.870.163 1,137
ABBA Rp 177.756.575.338 Rp 100.674.742.105 1,766
ASGR Rp 1.565.567.350.661 Rp 170.218.184.167 9,197
UNTR Rp 37.323.872.000.000 Rp 13.261.374.000.000 2,814
178
Data fixed asset turnover (FAT) sebelum sampel 2009 :
Nama
Perusahaan
Penjualan
(1)
Aset Tetap
(2)
FAT
(3) = (1)/(2)
SMCB Rp 3.754.906.000.000 Rp 5.671.804.000.000 0,662
CPIN Rp 8.679.504.000.000 Rp 1.402.267.000.000 6,190
JPFA Rp 7.903.315.000.000 Rp 1.401.288.000.000 5,640
INDF Rp 27.858.304.000.000 Rp 8.079.455.000.000 3,448
SMCB Rp 4.803.377.000.000 Rp 5.598.217.000.000 0,858
CPIN Rp 13.212.988.000.000 Rp 1.657.000.000.000 7,974
JPFA Rp 11.524.719.000.000 Rp 1.588.973.000.000 7,253
INDF Rp 38.799.279.000.000 Rp 9.586.545.000.000 4,047
Data fixed asset turnover (FAT) sesudah sampel 2009 :
Nama
Perusahaan
Penjualan
(1)
Aset Tetap
(2)
FAT
(3) = (1)/(2)
SMCB Rp 5.960.589.000.000 Rp 7.893.251.000.000 0,755
CPIN Rp 15.077.822.000.000 Rp 1.931.069.000.000 7,808
JPFA Rp 13.955.792.000.000 Rp 2.224.592.000.000 6,273
INDF Rp 38.403.360.000.000 Rp 11.737.142.000.000 3,272
SMCB Rp 7.523.964.000.000 Rp 8.238.252.000.000 0,913
CPIN Rp 17.957.972.000.000 Rp 3.198.604.000.000 5,614
JPFA Rp 15.633.068.000.000 Rp 2.933.581.000.000 5,329
INDF Rp 45.332.256.000.000 Rp 12.921.013.000.000 3,508
179
Data fixed asset turnover (FAT) sebelum sampel 2010 :
Nama
Perusahaan
Penjualan
(1)
Aset Tetap
(2)
FAT
(3) = (1)/(2)
ANTM Rp 9.591.981.138.000 Rp 2.890.477.780.000 3,318
BRPT Rp 18.322.898.000.000 Rp 11.807.631.000.000 1,552
JPFA Rp 11.524.719.000.000 Rp 1.588.973.000.000 7,253
ASII Rp 97.064.000.000.000 Rp 18.742.000.000.000 5,179
CTRA Rp 932.525.317.195 Rp 1.326.929.510.574 0,703
WEHA Rp 78.007.000.000 Rp 83.613.000.000 0,933
UNTR Rp 27.903.196.000.000 Rp 9.505.248.000.000 2,936
MNCN Rp 3.921.940.000.000 Rp 958.783.000.000 4,091
BNBR Rp 8.404.679.927.000 Rp 8.705.939.825.000 0,965
ANTM Rp 8.711.370.255.000 Rp 2.890.601.952.000 3,014
BRPT Rp 14.392.940.000.000 Rp 9.809.342.000.000 1,467
JPFA Rp 14.340.277.000.000 Rp 1.804.730.000.000 7,946
ASII Rp 98.526.000.000.000 Rp 21.941.000.000.000 4,490
CTRA Rp 1.332.371.525.317 Rp 1.524.697.443.132 0,874
WEHA Rp 92.606.609.515 Rp 105.286.786.385 0,880
UNTR Rp 29.241.883.000.000 Rp 11.835.726.000.000 2,471
MNCN Rp 3.923.845.000.000 Rp 1.006.376.000.000 3,899
BNBR Rp 7.631.762.309.000 Rp 12.865.937.019.000 0,593
180
Data fixed asset turnover (FAT) sesudah sampel 2010 :
Nama
Perusahaan
Penjualan
(1)
Aset Tetap
(2)
FAT
(3) = (1)/(2)
ANTM Rp 10.346.433.404.000 Rp 2.980.742.742.000 3,471
BRPT Rp 9.354.195.000.000 Rp 11.003.788.000.000 0,850
JPFA Rp 15.633.068.000.000 Rp 2.933.581.000.000 5,329
ASII Rp 162.564.000.000.000 Rp 28.804.000.000.000 5,644
CTRA Rp 2.178.331.003.289 Rp 2.383.992.116.329 0,914
WEHA Rp 171.766.045.055 Rp 172.660.813.385 0,995
UNTR Rp 55.052.562.000.000 Rp 13.670.208.000.000 4,027
MNCN Rp 5.390.474.000.000 Rp 969.331.000.000 5,561
BNBR Rp 9.661.958.215.000 Rp 2.552.840.203.000 3,785
ANTM Rp 10.449.885.512.000 Rp 4.663.449.270.000 2,241
BRPT Rp 21.687.967.350.000 Rp 12.002.945.850.000 1,807
JPFA Rp 17.832.702.000.000 Rp 4.064.770.000.000 4,387
ASII Rp 188.053.000.000.000 Rp 34.326.000.000.000 5,478
CTRA Rp 3.322.669.123.181 Rp 1.240.096.106.293 2,679
WEHA Rp 201.199.180.415 Rp 251.450.526.898 0,800
UNTR Rp 55.953.915.000.000 Rp 15.196.476.000.000 3,682
MNCN Rp 6.265.260.000.000 Rp 985.995.000.000 6,354
BNBR Rp 15.479.335.198.000 Rp 2.663.456.283.000 5,812
181
Data fixed asset turnover (FAT) sebelum sampel 2011 :
Nama
Perusahaan
Penjualan
(1)
Aset Tetap
(2)
FAT
(3) = (1)/(2)
ADRO Rp 26.938.020.000.000 Rp 7.415.677.000.000 3,633
CPIN Rp 14.559.005.000.000 Rp 1.685.370.000.000 8,638
ASII Rp 98.526.000.000.000 Rp 21.941.000.000.000 4,490
PBRX Rp 1.593.602.200.888 Rp 206.895.788.218 7,702
PSDN Rp 592.358.364.380 Rp 117.205.567.084 5,054
AISA Rp 533.194.383.227 Rp 543.788.070.615 0,981
KIJA Rp 392.566.008.511 Rp 646.938.737.217 0,607
INVS Rp 88.715.662.735 Rp 34.261.638.590 2,589
RAJA Rp 17.025.254.460 Rp 27.028.345.143 0,630
MNCN Rp 3.923.845.000.000 Rp 1.006.376.000.000 3,899
BMTR Rp 5.034.905.000.000 Rp 1.769.444.000.000 2,845
ADRO Rp 24.689.333.000.000 Rp 8.810.252.000.000 2,802
CPIN Rp 15.077.822.000.000 Rp 1.931.069.000.000 7,808
ASII Rp 129.991.000.000.000 Rp 24.363.000.000.000 5,336
PBRX Rp 1.428.090.019.385 Rp 201.490.527.389 7,088
PSDN Rp 928.526.978.567 Rp 117.684.967.643 7,890
AISA Rp 705.219.823.456 Rp 620.042.870.163 1,137
KIJA Rp 597.419.779.479 Rp 1.469.955.466.032 0,406
INVS Rp 330.502.298.560 Rp 259.912.621.258 1,272
RAJA Rp 792.801.877.156 Rp 528.927.222.558 1,499
MNCN Rp 4.855.907.000.000 Rp 1.037.298.000.000 4,681
182
BMTR Rp 6.326.514.000.000 Rp 2.793.271.000.000 2,265
Data fixed asset turnover (FAT) sesudah sampel 2011 :
Nama
Perusahaan
Penjualan
(1)
Aset Tetap
(2)
FAT
(3) = (1)/(2)
ADRO Rp 36.140.669.902.913 Rp 17.174.912.621.359 2,104
CPIN Rp 21.310.925.000.000 Rp 4.593.000.000.000 4,640
ASII Rp 188.053.000.000.000 Rp 34.326.000.000.000 5,478
PBRX Rp 2.698.804.647.288 Rp 474.636.442.299 5,686
PSDN Rp 1.305.116.747.447 Rp 283.052.836.745 4,611
AISA Rp 2.747.623.000.000 Rp 1.233.721.000.000 2,227
KIJA Rp 1.400.611.694.161 Rp 2.138.349.624.678 0,655
INVS Rp 1.257.094.163.772 Rp 457.009.094.588 2,751
RAJA Rp 1.122.544.967.040 Rp 619.978.811.770 1,811
MNCN Rp 6.265.260.000.000 Rp 985.995.000.000 6,354
BMTR Rp 8.925.419.000.000 Rp 3.734.879.000.000 2,390
ADRO Rp 40.062.707.317.073 Rp 20.802.426.829.268 1,926
CPIN Rp 25.662.992.000.000 Rp 6.389.545.000.000 4,016
ASII Rp 193.880.000.000.000 Rp 37.862.000.000.000 5,121
PBRX Rp 4.246.547.950.000 Rp 710.260.087.500 5,979
PSDN Rp 1.279.553.071.584 Rp 275.646.225.705 4,642
AISA Rp 4.056.735.000.000 Rp 1.443.553.000.000 2,810
KIJA Rp 2.739.598.333.777 Rp 2.168.400.599.324 1,263
INVS Rp 1.667.819.207.326 Rp 1.114.477.112.061 1,497
183
RAJA Rp 1.672.152.438.363 Rp 686.009.243.079 2,438
MNCN Rp 6.522.347.000.000 Rp 1.542.677.000.000 4,228
BMTR Rp 10.019.977.000.000 Rp 4.906.183.000.000 2,042
184
Lampiran 6 : Hasil SPSS Statistik Deskriptif dan Uji Normalitas untuk Model II
Descriptives
NPar Tests
Descriptive Statistics
62 1,54 23,33 10,9269 5,89508
62 2,23 22,52 10,0097 5,59641
62 ,13 2,00 1,1003 ,29096
62 ,55 1,52 1,0791 ,19272
62 ,04 ,40 ,1396 ,09766
62 ,02 ,40 ,1200 ,07766
62 ,41 8,64 3,3602 2,34957
62 ,54 9,20 3,4502 2,07352
62
ART_SEBELUM
ART_SESUDAH
APT_SEBELUM
APT_SESUDAH
SGA_SEBELUM
SGA_SESUDAH
FAT_SEBELUM
FAT_SESUDAH
Valid N (listwise)
N Minimum Maximum Mean Std. Dev iation
One-Sample Kolmogorov-Smirnov Test
62 62 62 62 62 62 62 62
10,9269 10,0097 1,1003 1,0791 ,1396 ,1200 3,3602 3,4502
5,89508 5,59641 ,29096 ,19272 ,09766 ,07766 2,34957 2,07352
,107 ,096 ,124 ,064 ,214 ,175 ,104 ,099
,107 ,096 ,104 ,043 ,214 ,175 ,098 ,099
-,076 -,082 -,124 -,064 -,142 -,121 -,104 -,080
,840 ,753 ,977 ,502 1,688 1,374 ,821 ,783
,480 ,621 ,295 ,963 ,007 ,046 ,510 ,572
N
Mean
Std. Dev iation
Normal Parametersa,b
Absolute
Positive
Negative
Most Extreme
Dif f erences
Kolmogorov -Smirnov Z
Asy mp. Sig. (2-tailed)
ART_
SEBELUM
ART_
SESUDAH
APT_
SEBELUM
APT_
SESUDAH
SGA_
SEBELUM
SGA_
SESUDAH
FAT_
SEBELUM
FAT_
SESUDAH
Test distribution is Normal.a.
Calculated f rom data.b.
185
Lampiran 7 : Hasil SPSS Uji Beda Paired Sample T-Test (model II) :
T-Test
Paired Samples Statistics
10,9269 62 5,89508 ,74868
10,0097 62 5,59641 ,71074
1,1003 62 ,29096 ,03695
1,0791 62 ,19272 ,02448
3,3602 62 2,34957 ,29840
3,4502 62 2,07352 ,26334
ART_SEBELUM
ART_SESUDAH
Pair
1
APT_SEBELUM
APT_SESUDAH
Pair
2
FAT_SEBELUM
FAT_SESUDAH
Pair
3
Mean N Std. Dev iation
Std. Error
Mean
Paired Samples Correlations
62 ,857 ,000
62 ,114 ,376
62 ,704 ,000
ART_SEBELUM &
ART_SESUDAH
Pair
1
APT_SEBELUM &
APT_SESUDAH
Pair
2
FAT_SEBELUM &
FAT_SESUDAH
Pair
3
N Correlation Sig.
Paired Samples Test
,91724 3,08656 ,39199 ,13340 1,70108 2,340 61 ,023
,02115 ,33011 ,04192 -,06269 ,10498 ,504 61 ,616
-,09002 1,71957 ,21839 -,52671 ,34667 -,412 61 ,682
ART_SEBELUM -
ART_SESUDAH
Pair
1
APT_SEBELUM -
APT_SESUDAH
Pair
2
FAT_SEBELUM -
FAT_SESUDAH
Pair
3
Mean Std. Dev iation
Std. Error
Mean Lower Upper
95% Conf idence
Interv al of the
Dif f erence
Paired Dif f erences
t df Sig. (2-tailed)
186
Lampiran 8 : Hasil SPSS Uji Beda Uji Wilcoxon (Model II) :
NPar Tests
Wilcoxon Signed Ranks Test
Ranks
41a 32,21 1320,50
21b 30,12 632,50
0c
62
Negativ e Ranks
Positive Ranks
Ties
Total
SGA_SESUDAH -
SGA_SEBELUM
N Mean Rank Sum of Ranks
SGA_SESUDAH < SGA_SEBELUMa.
SGA_SESUDAH > SGA_SEBELUMb.
SGA_SESUDAH = SGA_SEBELUMc.
Test Statisticsb
-2,413a
,016
Z
Asy mp. Sig. (2-tailed)
SGA_
SESUDAH -
SGA_
SEBELUM
Based on positive ranks.a.
Wilcoxon Signed Ranks Testb.
