Financial Ratio Analysis Research Articles

Analysis of financial ratios in measuring pt Unilever’s financial performance in 2020-2023

Analysis of financial ratios in measuring pt Unilever’s financial performance in 2020-2023

Analisis Rasio Likuiditas, Solvabilitas, dan Profitabilitas PT. Garuda Indonesia Persero Tbk Sebelum dan Setelah Penerapan PSAK 73

Leasing is an agreement between the lessor (leasing company) and the lessee (customer) in which the lessor provides goods with the right to use by the lessee in exchange for rental payments for a certain period. PSAK 73, which was established in 2020, regulates the recognition, measurement, presentation and spread of rent, especially for lessee. PSAK 73 only allows lessees to classify leases as finance leases so that assets and liabilities from lease transactions are recognized in the statement of financial position, with offers for short-term leases and leases with low-based assets. The aim of this research is to find out how the implementation of PSAK 73 regarding rent has an impact on the financial performance of PT Garuda Indonesia (Persero) Tbk. This research uses financial ratio analysis Current Ratio, Debt to Asset Ratio, Debt to Equity Ratio, and Return On Asset Ratio

Analisis kinerja keuangan pada sektor consumer cyclicals yang terdaftar di BEI periode 2020 - 2023

Financial performance analysis is really needed in a company in order to see the extent of the company's financial performance over a certain period of time. This financial performance analysis can help the company in making decisions in the future. Analysis of financial performance in a company can be seen using financial ratio analysis. This research aims to determine differences in the financial performance of the Consumer Cyclicals sector, especially the media and entertainment sub-sector for the 2020-2023 period. This type of research is a descriptive statistical approach. The analysis method used is trend analysis. The research results show that there is an increase or decrease in the media and entertainment sub-sector listed on the Indonesian stock exchange for the 2020-2023 period using the debt to asset ratio, net profit margin, current ratio and total asset turnover.

Analysis of the Impact of Yogyakarta International Airport (YIA) on the Financial Independence of Kulon Progo Regency

This research aims to analyze the impact of YIA's existence on the financial independence of Kulon Progo Regency during three different time periods, namely the pre-COVID period (2018-2019), the Community Activity Restrictions (PPKM) period (2020), and the period entering the new normal era (2020). 2021-2022). The approach used in this research is through regional financial ratio analysis with a focus on taxes and levies. The research results show that the existence of YIA has a significant impact on tax and retribution revenues in Kulon Progo Regency. The results of this research provide a better understanding of the impact of YIA's existence on regional finances and can be used as a basis for making better policy decisions in the future

Construction of a Model for Evaluating the Operating Efficiency and Performance of State-Owned Enterprises Using Fuzzy Comprehensive Evaluation

State-owned energy, transportation, and telecommunications enterprises power many countries' economies and societies. Considering commercial and social objectives, SOE performance evaluation is complex. Rather than innovation, sustainability, and stakeholder satisfaction, financial factors have determined SOE's success. The present study simulates an SOE Fuzzy Comprehensive Evaluation approach to overcome the constraint. The model encompasses quantitative and qualitative performance. The proposed model prioritizes the whole evaluation aim and follows it with performance criteria and sub-criteria. This paper used the analytical hierarchy process with expert survey input to fine-tune the standard weights. Fuzzy logic addresses the uncertainty in qualitative analysis. This method performs traditional financial ratio analysis, balanced scorecard, and data envelope analysis

Comparative Analysis of Financial Ratios of Selected Semiconductor Equipment Firms During 2020-2023

As a matter of fact, the semiconductor equipment industry has been developing rapidly. On this basis, this research provides a comparative analysis of the financial ratios of four selected semiconductor equipment firms, i.e., Axcelis Technologies (ACLS), ACM Research (ACMR), Onto Innovation (ONTO), and Veeco Instruments (VECO), over the period from 2020 to 2023. With this in mind, the study aims to evaluate the financial health, operational efficiency, as well as market performance of these firms in order to identify the optimal investment target for value investing. According to the analysis, a specific investing target is selected. Overall, this research is useful in comparing assets and liabilities, gross revenue, stocks, bonds, return on investment, and other specifications of each of these companies that bring out their strong and weak areas. Based on the analysis, ACLS emerges as the most promising candidate due to its robust financial performance and stable market valuation.

Analysis of the Effect Financial Ratios to Probability Default With the Risk as Moderation in Indonesian Building Construction Sub-Sector Companies

The construction and building sector are one of the important sectors for Indonesia development and economy, furthermore it is also being an indicator in assessing the economic development of a country. The development in the sector of construction and building, which is currently facing intense market competition, is encouraging many companies to improve their management fundamentals. A company's inability to anticipate changes can result the decreasing in business volume, which eventually has a negative impact on profits and caused bankruptcy. The aim of this research is to analyze the effect of GPM, NPM, CR, DER, TIE, and TATO by moderating risk on probability default (probability of bankruptcy) in the construction and building companies in Indonesia which registered on the IDX for the 2014-2023 period. The research method used in this research is a panel data model to estimate the coefficient model. The result shows that Total Assets Turnover (TATO) has a positive and significant effect on the probability of bankruptcy. Meanwhile, Gross Profit Margin (GPM), Net Profit Margin (NPM), Current Ratio (CR), Debt Equity Ratio (DER), and Times Interest Earned (TIE), does not have a significant effect on the probability default in the construction and building companies.

Pengaruh Struktur Modal dan Likuiditas Terhadap Profitabilitas Bank Konvensional yang Terdaftar pada Bursa Efek Indonesia

This study aims to investigate the relationship between capital structure and liquidity with profitability of conventional banks in Indonesia. This analysis uses secondary data from 24 banks listed on the Indonesia Stock Exchange between 2021 and 2023. The analytical approach used includes multiple linear regression with classical assumption tests and hypothesis testing. The findings show that while capital structure has a significant positive impact on profitability, liquidity has no impact on profitability. The limitation of this study lies in the differences in the results of financial ratio analysis which may be influenced by variations in calculation methods. This study suggests that banking companies should pay attention to capital structure management to improve profitability. The contribution of this study lies in providing insights that can be used by bank managers and researchers in making strategic decisions related to capital structure and liquidity. Further research is expected to consider more comprehensive data as well as more standardized methods to improve the accuracy of the research results.

Multi-factor fuzzy sets decision system forecasting consumer insolvency risk

The objective of this study is to develop a multi-factor decision system predicting insolvency risk for natural persons with the use of fuzzy sets. Considering that the financial situation of households is affected by various endogenous and exogenous factors, the main assumption of this study is that the system for predicting financial difficulties should not be limited to the use of only a few financial variables concerning consumers, but also include variables describing the environment. The author proposes a system consisting of three different forecasting models that connect the macroeconomic and microeconomic environments. It monitors the economic situation of households by also identifying those environmental variables, which may directly, or indirectly, endanger the consumer, such as unemployment rate (job market situation), inflation and interest rates, exchange rates, or economic situation in the country (GDP growth rate, the dynamics of retail sales, etc.). Moreover, the created cause-and-effect tool is in the form of a flexible application that can be easily adapted to changing economic conditions. Another unique feature of the study is the proposed use of newly developed ratios in household finance, similar to that in financial ratio analysis, which is commonly used in corporate finance. The proposed ratios demonstrated high predictive abilities. The paper also identifies the predictive capabilities of selected macroeconomic variables from the perspective of their impact on the risk of consumer insolvency. The research relies on four samples consisting of a total of 2400 consumers from Taiwan and Poland. The author created three forecasting models separately for the South-East Asian and Central European regions, and two multi-factor systems, each consisting of 1260 decision rules. The findings clearly showed that fuzzy logic is a significantly more effective method compared to traditional models based on classical logic.

Analysis of Financial Ratios on Stock Prices with Profitability as a Moderating Variable for LQ45 Index Companies Listed on the Indonesia Stock Exchange

The objective of this study is to examine the influence of financial ratios on stock prices, with a particular focus on the role of profitability as a moderating factor among LQ45 index companies listed on the Indonesia Stock Exchange between 2020 and 2023. The independent variables employed in this study are liquidity ratio (CR), solvency ratio (DER) and market value ratio (PER), in addition to profitability (EPS) as a moderating variable. The dependent variable is stock price. This study employs a sample of 23 selected companies included in the LQ45 index. The data analysis method utilised is multiple linear regression. The findings indicate that the liquidity ratio and solvency ratio exert no significant influence on the company's stock price. Conversely, the market value ratio exerts a significant effect on stock prices. Furthermore, profitability does not serve as a moderating variable for the liquidity and solvency ratios, whereas it does for the market value ratios on stock prices.

ANALYSIS OF LIQUIDITY RATIOS AND PROFITABILITY RATIOS TO ASSESS FINANCIAL PERFORMANCE

PT. GoTo Gojek Tokopedia Tbk experienced a profit that continued to decline from 2019 to 2022. The purpose of this study is to determine how the profitability ratio is seen from gross profit margin, net profit margin, return on assets, and return on equity at PT. GoTo Gojek Tokopedia Tbk for the 2019-2022 period and to find out how the liquidity ratio is seen from the current ratio, quick ratio, and cash ratio at PT. GoTo Gojek Tokopedia Tbk for the 2019-2022 period. The method used is quantitative descriptive analysis by analyzing the company's financial performance data from 2019 to 2022 using financial ratio analysis based on data listed on the Indonesia Stock Exchange and data from the official website of PT. GoTo Gojek Tokopedia Tbk. Based on the results of Liquidity Ratio analysis at PT. GoTo Gojek Tokopedia Tbk can be said to be good. The Profitability Ratio of PT GoTo Tbk is in a poor position, because it tends to decline below the industry average. The company has sufficient ability to guarantee and pay off its debts to creditors. The results of this financial ratio analysis can also be used as an indicator for investors who are interested in investing in PT GoTo Tbk because the company's financial condition remains strong.

BLU Financial Ratio Analysis for Performance Measurement

This research aims to determine the BLU Financial Ratio Analysis for Performance Measurement at Dr. Lung Hospital. M. Goenawan Partowidigdo Cisarua Bogor Based on Director General of Treasury Regulation No.36/PB/2016 for the 2019-2023 Period. This research uses quantitative descriptive research with data collection methods, namely field research, interviews, observation, documentation and literature review. Financial ratio analysis is carried out using liquidity, solvency, activity and profitability ratios, with 7 ratio indicators - financial ratios and BLU management compliance aspects used in research on measuring hospital financial performance, including cash ratio, current ratio, receivables collection period, turnover. fixed assets, compensation for fixed assets, equity compensation and PNBP income against operational costs. The results of the research show that the analysis of financial performance at RSPG Cisarua Bogor based on analysis of liquidity, solvency, activity and profitability ratios shows good performance and based on financial performance indicators of the hospital, the financial performance of RSPG Cisarua Bogor from 2019-2023 is included in the predicate of both A and AA.

Analysis Of Financial Ratios and Company Size As Determining Factors For Islamic Social Reporting Disclosure In Sharia Banks In Indonesia (Period 2015-2020)

This study investigates the determinants of Islamic Social Reporting (ISR) disclosure among Islamic banks in Indonesia from 2015 to 2020. Using financial ratios (ROA, CR, DER) and firm size as factors, the research explores their impact on the extent of ISR disclosures. The study employs quantitative analysis based on data from annual reports of Indonesian Islamic banks, applying regression models to test hypotheses derived from stakeholder theory, legitimacy theory, and resource dependency theory. The findings reveal that profitability and liquidity positively influence ISR disclosures, indicating that more profitable and liquid banks are more likely to engage in and report on social responsibility activities. In contrast, leverage shows a negative relationship with ISR disclosures, suggesting that highly leveraged banks disclose less about their social initiatives. Additionally, firm size positively correlates with ISR disclosures, highlighting that larger banks tend to provide more comprehensive reports on their social responsibilities. Theoretical implications suggest that Islamic banks strategically manage their financial and organizational resources to enhance legitimacy and stakeholder trust through transparent ISR disclosures. Practical implications underscore the importance of integrating CSR practices into business strategies to promote sustainability and accountability. The study contributes to the literature by providing empirical insights into ISR practices in Islamic banking and informs stakeholders about the factors influencing social responsibility disclosures.

ANALSIS KOMPARASI KINERJA KEUANGAN BANK MEGA SYARIAH MENGGUNAKAN METODE RGEC PADA MASA SEBELUM DAN SELAMA PANDEMI COVID-19

The COVID-19 pandemic has had an impact on all industrial sectors in Indonesia, one of which is the sharia banking sector. During the pandemic, banking performance experienced fluctuations in terms of deposits and debt financing; Bank Mega Syariah also experienced fluctuations in financial ratios and deposits, which could have an impact on the bank's financial performance. The purpose of this study is to evaluate Bank Mega Syariah's financial results utilizing the RGEC approach both before and after the COVID-19 epidemic. This study used quantitative research using a descriptive methodology. Data was acquired through the use of documentation methods. Financial ratio analysis utilizing the RGEC method is the data analysis method employed. The findings demonstrate that Bank Mega Syariah's financial performance, as measured by the RGEC technique, was superior to its pre-COVID-19 pandemic financial performance during the pandemic-affected period. This is shown by Bank Mega Syariah's ability to continue turning in a profit despite the COVID-19 pandemic's negative impact on the business environment. This accomplishment is demonstrated by the growth in several key business metrics, which were maintained, including bank profitability, finance distribution, and Third Party Funds.Keywords: Financial Performance; Bank Health Level; RGEC Method

Financial Performance Evaluation Using Profitability and Liquidity Ratio Analysis

A company's financial performance is an important indicator used to assess the financial health and operational efficiency of a business entity. In the context of PT Rig Tenders Indonesia Tbk, the consolidated financial statements as of March 31, 2024 showed an increase in current assets to IDR 330.44 billion from IDR 263.97 billion in the previous period. Although the company has recorded an increase in current assets and net profit, unstable global economic conditions can cause uncertainty in revenue and operating costs. This study uses a quantitative research design with a descriptive approach to evaluate the financial performance of PT Rig Tenders Indonesia Tbk through profitability and liquidity ratio analysis. The results of the study show that PT Rig Tenders Indonesia Tbk has good financial performance with high liquidity, significant profitability, and effective asset management. The company shows a strong ability to meet short-term obligations and generate profits from its assets and equity. A holistic and sustainable evaluation of financial performance is essential to maintain the stability and growth of the company in the future. The findings of this study provide important contributions both theoretically and practically in the field of financial management. Theoretically, this study enriches the literature on financial ratio analysis with a focus on the maritime industry. In practice, these findings offer solutions for companies in managing risk and improving operational efficiency through better asset management strategies and investment diversification. The limitation of this study lies in the use of financial data in one period that may not reflect long-term dynamics. For future research, it is recommended to examine financial data in a longer period and consider other external factors such as regulatory changes and global market conditions.

Working Capital Management of TATA Steel Limited

The current study focuses on Tata Steel Limited's working capital management. The primary goal is to execute a liquidity analysis on the company. Working capital management ensures that a business functions smoothly by keeping an eye on and making the most use of its current assets and liabilities. The liquidity analysis assists firm stakeholders in evaluating the company's liquidity status. The study is based on secondary data taken from the company's annual report. We analyzed the data using financial ratio analysis tools. The optimal amount of liquidity may reduce costs while contributing more to the success of a company.

ANALISIS RASIO KEUANGAN UNTUK MENGUKUR KINERJA KEUANGAN PADA YAYASAN BALI SARASWATI DI GIANYAR

Financial ratio analysis is an effort to find a picture of relationships and compare the number of accounts when describing financial reports. By using financial ratio, internal and external parties to an entity can easily obtain information about the entity's strengths and weaknesses from a financial perspective. The financial performance of the Yayasan Bali Saraswati cannot be said to be good because the profits it generates are still decreasing and increasing every year, so a financial ratio analysis calculation is needed which is one way to assess the financial performance of the Yayasan Bali Saraswati. By calculating existing financial ratio, it will be possible to know the financial performance conditions currently being experienced by the Yayasan Bali Saraswati. The formulation of the problem in this research is how the financial performance of the Yayasan Bali Saraswati in Gianyar for the 2018 - 2022 period is measured by financial ratio. The aim of the research is to determine the financial performance of the Yayasan Bali Saraswati in Gianyar for the 2018 - 2022 period as measured by financial ratio. Data were analyzed using 4 financial ratio, namely liquidity ratio, solvency ratio, activity ratio and profitability ratio. The results of the research show that the financial performance of the Yayasan Bali Saraswati seen from the liquidity ratio, solvency ratio and profitability ratio is good, while seen from the activity ratio in the indicator Working Capital Turn Over and Total Assets Turn Over are in poor condition.

Peran Perbankan Syariah dalam Mengimplementasikan Keuangan

This study aimed to analyze the role of islamic banks in implementing financial inclusion in Indonesia. Financial inclusion is a process to provide formal financial access for the poor and low income people (unbankable people). This study was designed which approached qualitatively and quantitatively (mixed research). The qualitative data analyzed by using Straruss and Corbin’s theory consisted three major steps: open coding, axial coding, and selective coding. Quantitative analyzed by using comparative analysis of financial statements and financial ratio analysis such as CAR, ROA, ROE, NPF, and FDR period of 2010-2014. This study proved that Islamic banking had great potential in implementing financial inclusion, it was indicated by a significant increase in funding and financing since 2010-2014 and results of financial ratio analysis also shows the performance of Islamic banking and financial condition is good.

Balancing efficiency and equity. Consumer cooperatives in Barcelona (Spain), 1898–1936: An economic and financial-ratio analysis

Economic theory tends to link the emergence of cooperatives with moments of economic crisis, and to regard them as less efficient than investor-owned firms. This work aims to test these premises by analysing the economic and financial performance of fourteen consumer cooperatives in Barcelona (Spain) from the late nineteenth century to the beginning of the Spanish Civil War in 1936. Economic and financial ratios are analysed, based on the cooperatives’ balance sheets, in order to identify strengths and weaknesses. The main conclusion is that these organisations could operate efficiently, although they found it difficult to grow and become more competitive.

Analysis of the effectiveness and efficiency of village fund management in Padaloang Village, Dua Pitue Sub-District, Sidenreng Rappang Regency

Background: Padaloang Village, Dua Pitue District, Sidenreng Rappang Regency, has managed village funds from 2020 to 2022 amidst various financial challenges. This study focuses on evaluating the effectiveness and efficiency of these funds to understand their impact on regional development and identify areas that need improvement. Method: The research method used is qualitative with a narrative approach. The data sources used are secondary data by analyzing the data using the effectiveness ratio and efficiency ratio, and primary data in the form of interview results analyzed using effectiveness and efficiency measurements. Findings: The results of the study show that the analysis of the effectiveness of village fund management in Padaloang Village from 2020 to 2022 indicates stable development. Each year, the average village fund management level reaches 96%. This indicates that the financial management of Padaloang Village is considered effective, with the calculation results exceeding 90% and the interview results also showing alignment with the effectiveness measurements used. The efficiency analysis shows that the management of village funds in Padaloang Village experienced a decline during the 2020-2022 period. The average efficiency level of Padaloang Village financial management during this period was 97.80%, indicating less efficiency because the value is less than 100%, but the interview results show alignment with the efficiency measurements used. Conclusion: These results indicate that the village government is still using its budget less efficiently but effectively. This shows that the objectives can be achieved but with relatively high resources. Novelty/Originality of this study: This study presents an in-depth analysis of the effectiveness and efficiency of village fund management using a unique combination of financial ratio analysis and qualitative interviews. This study provides new insights into the challenges in achieving budget efficiency while maintaining program effectiveness, which can be the basis for improving village fund management policies at the local and national levels.