Profitability Analysis to Measure Financial Performance at PT Astra Agro Lestari Tbk

Abstract

This study aims to determine the company's financial performance in terms of PT Astra Agro Lestari Tbk's financial ratios for 2017-2021. The research method and data used in this study are quantitative descriptive research using secondary data contained in the financial reports of PT Astra Agro Lestari Tbk published by the Indonesia Stock Exchange for 2017-2021. Data collection techniques were carried out using library research and documentation techniques. The results of the research on profitability ratios for five years, namely 2017, 2018, 2019, 2020 and 2021 seen from the Return On Assets (ROA) of 8.48%, 5.66%, 0.90%, 3.22%, and 6 .80%. Judging from the Return On Equity (ROE) of 11.40%, 7.81%, 1.28%, 4.64% and 9.76%. While seen from the Net Profit Margin (NPM) of 12.21%, 7.97%, 1.40%, 4.75% and 8.50%. The company's financial performance in 2017- 2021 shows that the company is in a bad condition because the figures generated from ROA, ROE, and NPM tend to fluctuate with quite large differences. So it can be said that the financial performance of PT Astra Agro Lestari Tbk seen from its financial ratios is still not effective.