Until December 31st 2009, the costumer of Telkom is 105,1 million customer or 21,2%. Most of the stock of Telkom owned by the government of Indonesia and the rest own by the public stockholder. The share is 51,19% owned by the government, 48,81% owned by the public. From the public share, 45,58% owned by foreign investor and the rest by the domestic investor.
From the data that we have collect before and from some calculation about this company’s finacial perfomance, we found that ROE of PT. TELKOM is decreasing year by year. It means that the company’s financial performance is increasing, because we know that if ROE decreasing it means that the income of the company is increase.
We compared PT. TELKOM ‘s financial report year by year from 2005 until 2009 using liquidity analysis, we found that it is fluctuating. Liquidity is about how fast an asset can converted to cash. So, it means that PT.TELKOM their liquidity ability is not stable.
Efficiency is the ability of the company to use their asset efficiently. We compared PT. TELKOM ‘s financial report year by year from 2005 until 2009 using efficiency analysis. Higher turn over means better and lower period is also better in efficiency analysis. We found that from 2005 until 2009 the turn over is increasing year by year and the Collection Period is decreasing, so we assume that PT.TELKOM ‘s efficiency is better year by year.
Leverage is combination of fund or capital used by company or debt equity. We compared PT. TELKOM ‘s financial report year by year from 2005 until 2009 using leverage analysis, we found that it decreasing year by year. So, the company’s debt is decreasing year by year.
We compared PT.TELKOM ‘s financial report year by year from 2005 until 2009 using profitability analysis, we found that it slightly decreasing year by year. We don’t actually know the reason why it happens, but we just know that from year 2005 untill 2009, PT. TELKOM ‘s ability to earn profit is decreasing.