ANALISIS PERBANDINGAN KINERJA KEUANGAN PADA PERUSAHAAN ROKOK YANG TERDAFTAR DI BEI (KHUSUSNYA PT. GUDANG GARAM, TBK DAN PT. HM. SAMPOERNA, TBK.)

Maya Widianingsih, M. Agus Sudrajat, Heidy Paramitha Devi

Abstract


This study aims to examine and prove the differences of PT. Gudang Garam Tbk and PT. HM Sampoerna Tbk financial performance during the 2016-2020 period. This research was a comparative descriptive. The data used in this study was secondary data in the form of financial statements of the two companies obtained from the published financial statements of PT. Gudang Garam Tbk and PT. HM Sampoerna Tbk through the official website www.idx.co.id. Data analysis was carried out using the liquidity ratio (Current Ratio), solvency ratio (Long Debt to Equity Ratio), and profitability ratio (Net Profit Margin). The analysis technique used to compare the financial performance between PT Gudang Garam Tbk and PT HM Sampoerna Tbk is the Independent Sample t-Test method. The results of the study using the two-average difference test show that there are significant differences in financial ratios consisting of liquidity ratios, solvency ratios and profitability ratios between PT. Gudang Garam Tbk and PT. HM Sampoerna Tbk listed on the Indonesia Stock Exchange during the study period. The financial performance of PT Gudang Garam Tbk is better in terms of solvency ratio to LDR, which means that the smaller the LDR ratio, the smaller the risk of loss that must be borne. Meanwhile, PT. HM Samperna Tbk has better performance in terms of liquidity ratios to CR and profitability ratios to NPM.
Keywords: Comparison, Financial Performance, Financial Ratios, CR, LDR, NPM.


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