Wednesday 12 January 2011

ANALISIS LEVERAGE


Resiko :
  • Usaha                : operasionalisasi        <> biaya operasional
  • Financial            : sumber pembiayaan <> biaya modal
Resiko usaha tercermin dalam biaya operasional dan resioko financial tercermin dalam biaya modal. Keduanya akan mempengaruhi laba ( laporan L/R )

Misal :
Sales                                                                 xx      
Cost of Good Sold ( HPP )                            (xx)
Gross Margin                                      xx                                    operating leverage
Operational Cost                                             (xx)
EBIT                                                    xx   
Interest                                                                        (xx)
EBT                                                     xx                                      financial leverage
Tax                                                                  (xx)
EAT ( Net Income )                             xx