Analisis Risiko Likuiditas Dan Profitabilitas Pada Perusahaan Yang Melakukan Akuisisi Yang Terdaftar Di Bursa Efek Indonesia

Abstract

The company's goal is to achieve maximum profit, through earning power, which is marked by increased profit margins and total assets turn over. The company's operations must be able to produce sales units as high as each unit of company assets, on the other hand each sales unit must be able to produce operating profits as high as high. In addition to the concept of maximum profit the company must be able to achieve high efficiency through the concept of profitability. High efficiency can be measured by the concept of profitability, namely by comparing the amount of net income generated by using company capital. With high profitability, it is hoped that company synergy can be achieved.

Analysis Leverage to Anticipate The Risk of Financial The National Life Insurance Company

“…Financial leverage, namely the company's daily operational financing is carried out using debt, while operational leverage, namely changes in sales will result in changes in operating profit (EBIT). The results of Gatot Heru Pranjoto's research stated that the use of debt for companies making acquisitions needs to be reviewed because the majority of leverage ratios have decreased [1]. While the results of research by Shella Ekawati Ludijanto et al states that the leverage ratio shows varying values, meaning that a decrease in leverage in one year then indicates an increase in the following year [2].…”

“…Prajonto, states [1], by analyzing operating leverage and financial leverage in either one or two years does not show a significant difference, there is a decrease in return on assets, economic profitability, and profit margin, so it can be concluded that the use of company liabilities needs to be done review or use of company debt is not justified. Meanwhile, the results of Ludijanto's research [2] stated that during 2010-2012 the debt ratio always increased, while the debt to equity ratio, long term debt to equity ratio and the dependent variable were return on investment (ROI) and return on equity (ROE).…”

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This study aims to (1) analyze the condition of the application of financial leverage and operational leverage of PT. Asuransi Jiwa XYZ;(2) analyze the impact of the condition of applying financial leverage and operational leverage on the company's financial risk.

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