CASH
FLOW ANALYSIS
The ratio of operating cash flow to
total liabilities
(RAKOTK)
A. Definition
of financial report analysis
The financial report of the company is a document
which shall contain data concerning the financial condition of an enterprise.
The financial statements have also indicated the financial performance of an
enterprise. A financial statements require interpretation in depth in order to
provide information which is valued for every users of the financial reports.
B. Definition of cash flow statement
Cash flow is a financial
report containing cash effects of operating activities, investing activities
and financing activities of transaction/fund as well as an increase or decrease
in net cash of a company during a
period.
C. Method of cash flow analysis
1.
Analysis
of horizontal(horizontal
analysis )
Analysis
of horizontal(horizontal analysis ) is
a method used to compare the value of each cash flow business activity between
two periods or more
2.
Vertical
analysis
Vertical
analysis is a method used to
compare the cash flow of business activities in a
company for the third period. This analysis was conducted to determine the
third synergy business activities.
3.
Cross-section analysis
cross-section
analysis is an external analysis. This approach is made comparison on cash flow of a company that
analyzed by other companies or industry averages. This
analysis as an attempt to determine a company's competitiveness seen from the
financial aspect.
4. Ratio analysis
Ratioanalysis
is a way to analyze the relation of the various items in the financial
statements. Result of this
analysis is the basis to be able to explain the financial condition and results
of operations
D. Types Company Cash Flow Ratio Analysis
1. The ratio of operating cash flow to current Liabilities
Ratio
of operating cash flow to current liabilities is used to measure a company's
financial liquidity. In particular,
this ratio measure show much
the operating cash flow generated by company to
cover the company's current liability.
2. The ratio of operating
cash flow to total Liabilities
Ratio of
operating cash flow to total liabilities is used to measure a company's
financial solvency. In particular, this ratio measure show much the operating cash flow generated to
cover the company's entire
liabilities, both current liabilities and non
current liabilities.
3. The ratio
of operating
cash flow to total Assets
The
ratio of operating cash flow to total assets is used to measure a company's
financial solvency. In particular, this ratio measure show much the generated operating cash flow to fund the company's entire
assets, both current assets and non
current assets.
4. Cash flow adequacy Ratio
Cash
flow adequacy ratio(CFAR) is an analytical
technique that measures how much cash provided by operating activities to cover the capital needs of
company
that include capital expenditures, investments
in inventory, and cash dividends.
5. Cash re investment Ratio
Cash
re investment ratio (CRR) is an
analytical technique that measure show much the investment in assets that
describes the operating cash flow retained and reinvested in the company to
replace the assets and to support the
company'soperation growth.
E.
The
Formula Of
Types
Company Cash Flow Ratio Analysis
RAKOTK = Arus Kas Bersih Operasi
Total Kewajiban
Example :
Analisis rasio arus kas operasi terhadap total kewajiban
PT United Tractors Tbk dan Anak Perusahaan.
Tahun
|
Arus Kas Bersih Operasi (Rp juta)
|
Total Kewajiban
(Rp juta)
|
RAKOTK
|
2008
|
4.253.895
|
11.644.916
|
0,37
|
2009
|
5.101.022
|
10.453.748
|
0,49
|
| CONCLUSION : |
This table above shows that in 2008, PT United
Tractors Tbk and Subsidiaries able to provide cash flow from operating
activities amounted to 37% to cover the total liability. While in 2009, the
company was able to provide the cash flow from operating activities amounted to
49% to cover the total liability. This
indicates that PT United Tractors Tbk and Subsidiaries relatively solvable.
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