Keterangan

--------------------------------------------------------LIQUIDITY
--------------------------------------------------------Days' Sales in Receivables

Accounts Receivable Turnover

A/R Turnover in Days

Days' Sales in Inventory

Inventory Turnover

Inventory Turnover in Days

Rumus

Gross Receivables
--------------------------Net Sales / 365

Net Sales
---------------------------------------Average (Gross Receivables)

365
-------------------------------------------Accounts Receivable Turnover

Ending Inventory
----------------------------------Cost of Goods Sold / 365
Cost of Goods Sold
--------------------------------Average (Inventories)
365
-------------------------------------Inventory Turnover

Operating Cycle

A/R Turnover in Days + Inventory Turnover in Days

Working Capital

Total Current Assets - Total Current Liabilities

Current Ratio

Total Current Assets

---------------------------------Total Current Liabilities

Acid Test

Cash Ratio

Sales to Working Capital

Cash Flow/Cur. Mat. of Debt & NP

Cash + Marketable Securities + Net Trade Receivables

-------------------------------------------------------------------------------Total Current Liabilities

Cash + Marketable Securities

--------------------------------------------Total Current Liabilities

Net Sales
-----------------------------------Average (Working Capital)

Cash Flow from Operations

--------------------------------------------------------------------Short Term Loans + Current Maturity of L.t. Debt

--------------------------------------------------------LONG-TERM DEBT-PAYING ABILITY

---------------------------------------------------------

Times Interest Earned

Income before Taxes + Interest Expense (no capitalized

interest) - Equity in Earnings of Assoc.; Profit (Loss)
------------------------------------------------------------------------------------------------------------------------------------------------------Interest Expense (no capitalized interest) + Capitalized
Interest

Debt Ratio

Total Liabilities
-------------------------------Total Assets

Debt/Equity

Total Liabilities
-----------------------Total Equity

Debt to Tangible Net Worth

Cash Flow/Total Debt

--------------------------------------------------------PROFITABILITY
---------------------------------------------------------

Total Liabilities
----------------------------------------------Total Equity - Intangible Assets
Cash Flow from Operations
---------------------------------------Total Liabilities

Net Profit Margin

N.I. before Min. Ern. Equity in Earnings of Assoc.;

Profit (Loss)
----------------------------------------------------Net Sales

Total Asset Turnover

Net Sales
--------------------------------Average (Total Assets)

Return on Assets

N.I. before Min. Ern.

----------------------------Average (Total Assets)

Operating Income Margin

Operating Income
------------------------Net Sales

Return on Investment

N.I. before Min. Ern. + {(1- Tax Rate) * Interest Expense

(no capitalized interest)}
-------------------------------------------------Average (Total Liabilities and Equity - Total Current
Liabilities)

Return on Total Equity

N.I. before Nonrecurring Items - Dividends on

Redeemable Pref.
------------------------------------------------------------Average (Total Equity)

Gross Profit Margin

Gross Profit
-------------------Net Sales

--------------------------------------------------------INVESTOR ANALYSIS
---------------------------------------------------------

Degree of Financial Leverage

Earnings per Share

Percentage of Earnings Retained

Dividend Pershare

Income before Taxes + Interest Expense (no capitalized

interest) - Equity in Earnings of Assoc.; Profit (Loss)
-----------------------------------------------------------------------Income before Taxes - Equity in Earnings of Assoc.;
Profit (Loss)
Dil. Earn. per Sh. before Nonrec. Items

N.I. before Nonrecurring Items - Total Cash Dividends

--------------------------------------------------------N.I. before Nonrecurring Items
Dividends paid
---------------------------------------------CS outstnading

Book value pershare

CS
---------------------------------------------per Common Share

Analysis Ratio PT. Astra Graphia Tbk 2011

Analisa Ratio

Gross Receivables

Net Sales

Days

487,641

1,724,640

365

Net Sales

2011

2010

Average AR

1,724,640

363,843
Accounts Receivable
Turnover

319,270

523,478

Days

365
Ending Inventory

3
COGS

Days

221,192
COGS

1,236,999
2,011

365
2,010

Average Inventory

1,236,999
Days

221,192
Inventory Turnover

153,856

298,120

365
A/R Turnover in Days

4
Inventory Turnover in
Days

111

88

Total Current Assets

Current Liabilities

865,169
Total Current Assets

569,502
Current Liabilities

865,169

569,502

Cash

Marketable Securities

Net Trade
Receivables

Current Liabilities

194,945

Marketable Securities

Net Trade
Receivables

Cash

Current Liabilities

194,945

569,502

Net Sales

Working Capital 2011

Working Capital 2011

Working Capital 2010

1,724,640

295,667

295,667

227,761

Cash Flow

Short Term Loans

Curent Mat LT Debt

99,388

543,580

Income Before Taxes

Interest Expense

139,473

542

Total Liabilities

Total Assets

569,502
Total Liabilities

1,126,055
Total Equity

569,502
Total Liabilities

556,553
Total Equity

569,502
Cash Flow Operations

556,553
Total Liabilities

99,388

569,502

Income After Tax

Net Sales

Intangible assets

3,826

569,502

139,473
Net Sales

1,724,640
Tot Assets 2010

Tot Assets 2011

Average Tot Aset

1,724,640
NI After Tax

986,898
Tot Assets 2010

1,126,055
Tot Assets 2011

1,056,477
Average Tot Aset

139,473
Op Income

986,898
Net Sales

1,126,055

1,056,477

173,473
Net inc AFTA

1,724,640
Tot Assets 2011

139,473
Net inc AFTA

1,126,055
Stock Holder EQ

139,473

134,878

Per Common stock

1,349.00

NI AFTA
139,473.00

Gross Profit

Net Sales

487,641

1,724,640

NI AFTA
139,473

Div Pref
-

Dividen Paid

Per Common stock

Dividend Pershare

47,208
CS

1,349
Per Common stock

34.99
Book value pershare

134,878

1,349

100

Tbk 2011

Analisa Ratio

Days' Sales in

103.20
Accounts Receivable
Turnover

3.29
A/R Turnover in Days

110.79
Days' Sales in Inventory

65.27
Inventory Turnover

4.15
Inventory Turnover in

87.97
Operating Cycle

198.75
Working Capital 2011

295,667.00
Current Ratio

1.52
Acid Test

Total Current
Assets

747,674

Current Liabilities

519,913

0.34
Cash Ratio

0.34
Average Working Capital

Sales to Working Capital

261,714.00
Cash Flow/Cur. Mat. of Debt & NP

0.18

Times Interest Earned

257.33
Debt Ratio

0.51

1.02

1.03
Cash Flow/Total Debt

0.17

Net Profit Margin

6.589788853

0.08
Total Asset Turnover

1.63
Return on Assets

0.13
Operating Income Margin

0.10
Return on Investment

0.12
Return on Total Equity

1.03
Gross Profit Margin

0.28

NI Pershare
103.39

Keterangan

Working
Capital 2010

227,761.00