Analyzing Financial Ratios as Indicators to Measure Financial Performance at PT. Industri Jamu dan Farmasi Sido Muncul Tbk
DOI:
https://doi.org/10.55927/ajabm.v2i2.3994Keywords:
Financial Performance, Liquidity Ratio, Solvency Ratio, Activity Ratio, Profitability RatioAbstract
This study aims to determine the financial performance of PT. Industri Jamu Dan Farmasi Sido Muncul Tbk from 2020-2022 using financial ratio analysis. The financial ratio analysis used includes liquidity, solvency, profitability, and activity ratios. This research uses a descriptive analysis method with a quantitative approach. The outcomes demonstrated that the firm's financial performance as measured by the liquidity ratio was stable., except for inventory to net working capital with an average of 0.26. The solvency ratio is also declared solvable. The condition of the company based on the profitability ratio is not good and the company must take action. The average activity ratio is healthy, except for asset turover with an average of 0,93.
Downloads
References
Aerts, W., & Walton, P. J. (2013). Global financial accounting and reporting : principles and analysis. In Cengage Learning EMEA (3rd ed.).
Bhebhe, M. (2018). Decision-making using financial ratios.
Dewa, Y., & Sunrowiyati, S. (2016). Analisis rasio keuangan sebagai alat penilaian untuk mengukur kinerja keuangan perusahaan pada SPBU gedog. Riset Mahasiswa Ekonomi (RITMIK), 3(2), 185–201.
Efendi, A., Putri, L. P., & Dungga, S. (2018). The effect of debt to eqyitu ratio and total asset turnover on return on equity in automotive companies and components in Indonesia. Advances in Economics, Business and Management Research. https://doi.org/10.2991/icame-18.2019.20
Hidayat, W. W. (2018). Dasar-dasar analisa laporan keuangan. Uwais Inspirasi Indonesia.
Tim CNN Indonesia (2022). Rugi masyarakat akibat investasi bodong melesat jadi Rp109 T di 2022. https://www.cnnindonesia.com/ekonomi/20221117193808-78-875287/rugi-masyarakat-akibat-investasi-bodong-melesat-jadi-rp109-t-di-2022
Kariyoto. (2017). Analisa Laporan Keuangan. Universitas Brawijaya Press.
Lessambo, F. I. (2018). Financial statements: analysis and reporting. Palgrave Macmillan. https://doi.org/https://doi.org/10.1007/978-3-319-99984-5
Olayinka, A. A. (2022). Financial statement analysis as a tool for investment decisions and assessment of companies’ performance. International Journal of Financial, Accounting, and Management, 4, 49–66. https://doi.org/https://doi.org/10.35912/ijfam.v4i1.852
Palepu, K. G., Healy, P. M., Wright, S., Bradbury, M., & Coulton, J. (2021). Business analysis and valuation using financial statement.
Prihadi, T. (2019). Analisis Laporan Keuangan : Konsep & Aplikasi. PT Gramedia Pustaka Utama.
Raharjo, B. (2022). Laporan Analisa Keuangan. Yayasan Prima Agus Teknik.
Rosa, N. La. (2020). Analysing Financial Performance. https://doi.org/10.4324/9781003092575
Sido Muncul. (2023). Retrieved April 12, 2023, from https://sidomuncul.co.id/
Sikidar, S., & Gautam, H. C. (2020). Financial statement analysis. The Info Library.
Subramanyam, K. . (2013). Financial Statement Analysis (11th ed.). McGraw Hill. https://doi.org/10.2139/ssrn.4257161
Suprensam. (2016). Analisis tingkat likuiditas pada PT. Unilever, Tbk. Journal of Chemical Information and Modeling, 53(9), 1689–1699.
Downloads
Published
How to Cite
Issue
Section
License
Copyright (c) 2023 Zada Annuri Nabila, Cinta Rizkia Zahra Lubis, Maulana Rizqy Efvarius, Selvia Apriani, Sabda Dian Nurani Siahaan
This work is licensed under a Creative Commons Attribution 4.0 International License.
