ANALISIS SUMBER DAN PENGGUNAAN MODAL KERJA
TERHADAP MODAL KERJA
(SBI Rate and Dollar Exchange
Rate)
ABSTRACT
Sources and
uses of funds is a report that presented by a company to determine changes in
financial position for each period. A company manager has responsible of where
the funds are obtained and how the funds are used.
Each company involved in various investment activities
and expenditures. When carrying out those activities, the company produces the
fund, the fund is defined as cash and cash equivalents and can also be interpreted
as working capital. Working capital is defined as total current assets (gross
working capital) or the difference between current assets and debt (net working
capital).
The purpose of
this study was to analyze the working capital of the sources and uses of funds
and analyze the level of corporate liquidity. The analysis was conducted to
determine if activity of sources and uses of working capital and liquidity
increase or decrease every period. The results showed that PT Indosat Tbk., And
PT. XL Axiata, Tbk using aggressive strategies to manage their working capital,
this is evidenced by the existence of a negatif working capital each year, and
have fluctuating liquidity, so that from year to year has increased or decreased.
However, when compared with the two companies PT. Indosat, Tbk is better than
PT. XL Axiata, Tbk especially in the level of liquidity.
The results of
the evaluation in this study showed that reduction in working capital of PT
Indosat Tbk. And PT. XL Axiata, Tbk, produces negatif number it is seen from
the calculation of sources and uses, and also liquidity of PT. Indosat and PT.
XL Axiata, Tbk increase and decrease every year. It is seen from the level of liquidity.
From the results of these evaluations, the authors suggest in PT Indosat Tbk
and PT. XL Axiata, Tbk to reduce current debts so that working capital generated
can be increased, and collect the receivables was due to the existing cash in
the company is not small, especially for PT. XL Axiata, Tbk.
Keywords: Sources and Uses, Working Capital, Liquidity
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