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    CH 4 Perencanaan Keuangan Jangka Panjang

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    Ayfara Eka
    The document discusses formulas for calculating long-term financial planning metrics like internal growth rate, sustainable growth rate, return on equity (ROE), and capital intensity ratio. It provides the formulas to calculate each metric using variables like return on assets (ROA), return on equity (ROE), retention/plowback ratio, profit margin, total asset turnover, and equity multiplier. It then presents a case study and calculations to determine the ROE and sustainable growth rate for a company called Perusahaan Arjuna based on its financial information.

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    CH 4 Perencanaan Keuangan Jangka Panjang

    Uploaded by

    Ayfara Eka
    775 views3 pages
    The document discusses formulas for calculating long-term financial planning metrics like internal growth rate, sustainable growth rate, return on equity (ROE), and capital intensity ratio. It provides the formulas to calculate each metric using variables like return on assets (ROA), return on equity (ROE), retention/plowback ratio, profit margin, total asset turnover, and equity multiplier. It then presents a case study and calculations to determine the ROE and sustainable growth rate for a company called Perusahaan Arjuna based on its financial information.

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    ch 4

    Original Title

    Ch 4 Perencanaan Keuangan Jangka Panjang

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    The document discusses formulas for calculating long-term financial planning metrics like internal growth rate, sustainable growth rate, return on equity (ROE), and capital intensity ratio. It provides the formulas to calculate each metric using variables like return on assets (ROA), return on equity (ROE), retention/plowback ratio, profit margin, total asset turnover, and equity multiplier. It then presents a case study and calculations to determine the ROE and sustainable growth rate for a company called Perusahaan Arjuna based on its financial information.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    775 views3 pages

    CH 4 Perencanaan Keuangan Jangka Panjang

    Uploaded by

    Ayfara Eka
    The document discusses formulas for calculating long-term financial planning metrics like internal growth rate, sustainable growth rate, return on equity (ROE), and capital intensity ratio. It provides the formulas to calculate each metric using variables like return on assets (ROA), return on equity (ROE), retention/plowback ratio, profit margin, total asset turnover, and equity multiplier. It then presents a case study and calculations to determine the ROE and sustainable growth rate for a company called Perusahaan Arjuna based on its financial information.

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    CH 4 PERENCANAAN KEUANGAN JANGKA PANJANG

    Tingkat Pertumbuhan Internal


    𝑹𝑶𝑨 𝒙 𝒃
    =
    𝟏−(𝑹𝑶𝑨 𝒙 𝒃)
    ROA = Laba Bersih / Total Aset
    b = Laba Ditahan / Laba Bersih atau retention ratio / plowback ratio

    Tingkat Pertumbuhan Berkelanjutan


    (Sustainable Growth Rate)
    𝑹𝑶𝑬 𝒙 𝒃
    =
    𝟏−(𝑹𝑶𝑬 𝒙 𝒃)
    ROA = Laba Bersih / Total Ekuitas
    b = Laba Ditahan / Laba Bersih atau retention ratio / plowback ratio

    Rumus Pendukung :
    ROE = Profit Margin x Total Asset Turnover x Equity Multiplier

    b / Laba Ditahan / Laba Bersih/ retention ratio / plowback ratio


    = 1 – dividen payout ratio

    Capital Intensity Ratio


    = Total Asset/Sales

    Soal
    Perusahaan Arjuna memiliki informasi keuangan :
    Profit Margin = 8,9%
    Capital Intensity Ratio = 0,55
    Debt to Equity Ratio = 0,60
    Laba berih = Rp 29.000.000
    Dividen = Rp 15.000.000
    Hitunglah :
    a. ROE
    b. Sustainable Growth Rate
    Jawab :
    Equity Multiplier = 1 + Debt Equity Ratio
    = 1 + 0,6
    = 1,6
    Dividen Payout Ratio = Dividen / Net Income
    = 15.000.000 / 29.000.000
    = 0,5172
    Retention / Plowback Ratio = 1 – Dividen Payout Ratio
    = 1 - = 0,5172
    = 0, 4828
    Total Asset Turnover = 1 / Capital Intensity Ratio
    = 1 / 0,55
    = 1,818
    ROE = Profit Margin x Total Asset Turnover x Equity Multiplier
    = 8,9 % x 1,818 % x 1,6 %
    = 25.88832 %
    𝑹𝑶𝑬 𝒙 𝒃
    Sustainable Growth Rate =
    𝟏−(𝑹𝑶𝑬 𝒙 𝒃)
    𝟐𝟓,𝟖𝟖𝟖𝟑𝟐 𝒙 𝟎,𝟒𝟖𝟐𝟖
    =
    𝟏−(𝟐𝟓,𝟖𝟖𝟖𝟑𝟐 𝒙 𝟎,𝟒𝟖𝟐𝟖 )

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