Assessment Of Financial Performance Research Articles

ANALISIS PERBANDINGAN KINERJA KEUANGAN PERUSAHAAN SEBELUM DAN SESUDAH INITIAL PUBLIC OFFERING (IPO)

Initial Public Offering (IPO) can make changes for public companies and get additional capital. Investors can assess the company's financial performance by using financial ratios before and after the initial public offering consisting of Current Ratio, Debt Equity Ratio, Debt Asset Ratio, Total Asset Turn Over, Net Profit Margin, Return On Assets, Return On Equity. Assessment of company financial performance using financial reports using the purposive sampling method for energy sector issuers conducting initial public offerings in 2018-2019, data analysis techniques use descriptive test, Shapiro Wilk normality test, paired sample t-test and wilcoxon signed rank test. The results show that there are differences in financial performance after the IPO on the Debt Asset Ratio, Total Asset Turn Over, and Return On Equity. The result show there was no significant difference in financial performance after the IPO on the Current Ratio, Debt Equity Ratio, Net Profit Margin, and Return On Asset.

Analysis Of Financial Performance And Service With Hospital Independence In Rumah Sakit Daerah K.R.M.T Wongsonegoro Kota Semarang

The objective of this study is to examine the financial and service performance of the K.R.M.T Wongsonegoro Regional Hospital in Semarang City, which has been utilizing the Regional Public Service Agency Financial Management Pattern (PKK-BLUD) since 2007. By transitioning into a full (BLUD), the Semarang City RSWN has gained the ability to handle its finances independently, hence enhancing its performance and service quality. The present study incorporates quantitative research employing a time series methodology. The data utilized in this study consists of secondary data obtained from financial records and hospital management reports. The assessment of financial performance is conducted through the utilization of financial measures, encompassing liquidity ratios, solvency ratios, and profitability ratios. In the context of service evaluation, the measurement of service performance encompasses six distinct indicators. These indicators include the Bed Occupancy Rate (BOR), Turn Over Interval (TOI), Bed Turn Over (BTO), Average Length of Stay (ALOS), Gross Date Rate (GDR), and Net Date Rate (NDR). The research hypothesis was examined by the application of Pearson correlation. The findings of the study indicate a significant correlation between financial performance, as assessed by the solvency ratio, and both the cost recovery rate and level of independence. The level of independence exhibits a significant link with service performance, as assessed by BTO.

ANALISIS KINERJA KEUANGAN CV. ABC DENGAN PENDEKATAN RASIO PROFITABILITAS,LIKUIDITAS DAN SOLVABILITAS TAHUN 2021-2022

Abstrak : The company's financial performance can be assessed by analyzing financial ratios. Financial ratios can consist of several groups such as profitability, liquidity and solvency ratios. This study uses secondary data obtained indirectly from the results of CV ABC's financial statements for 2021-2022 using profitability ratios (Return On Assets, Return On Equity, Gross Profit Margin and Net Profit Margin), liquidity ratios (Current Ratio, Quick Ratio, and Cash Ratio) and solvency ratios (Debt to Asset Ratio and Debt to Equity Ratio). This research uses quantitative methods with a descriptive analysis model that aims to analyze financial ratios so that after analysis the company can know and can assess financial performance based on the value of the company's financial ratios. Based on the results of the study that the results of the assessment of financial performance on CV ABC have increased quite well. The profitability ratio can be said to be in good condition, so that the results of the ROA analysis meet the company's performance measurement standards, the results of the ROE analysis are good, the GPM results are quite good in 2021 and less good based on the 2022 analysis and the NPM analysis is not good for the last two years. in the Quick Ratio analysis it is said to be less good in 2021 and quite good in 2022, in the Cash Ratio analysis it is said to be not good for the last 2 years.then in the solvency analysis it is said to be good and has increased over the last two years based on the results of the analysis of Debt to Asset Ratio and Debt to Equity Ratio).
 Abstrak : The company's financial performance can be assessed by analyzing financial ratios. Financial ratios can consist of several groups such as profitability, liquidity and solvency ratios. This study uses secondary data obtained indirectly from the results of CV ABC's financial statements for 2021-2022 using profitability ratios (Return On Assets, Return On Equity, Gross Profit Margin and Net Profit Margin), liquidity ratios (Current Ratio, Quick Ratio, and Cash Ratio) and solvency ratios (Debt to Asset Ratio and Debt to Equity Ratio). This research uses quantitative methods with a descriptive analysis model that aims to analyze financial ratios so that after analysis the company can know and can assess financial performance based on the value of the company's financial ratios. Based on the results of the study that the results of the assessment of financial performance on CV ABC have increased quite well. The profitability ratio can be said to be in good condition, so that the results of the ROA analysis meet the company's performance measurement standards, the results of the ROE analysis are good, the GPM results are quite good in 2021 and less good based on the 2022 analysis and the NPM analysis is not good for the last two years. in the Quick Ratio analysis it is said to be less good in 2021 and quite good in 2022, in the Cash Ratio analysis it is said to be not good for the last 2 years.then in the solvency analysis it is said to be good and has increased over the last two years based on the results of the analysis of Debt to Asset Ratio and Debt to Equity Ratio).

Penilaian Kinerja Keuangan PT Kereta Api Indonesia (Persero) Periode 2017-2021

One of the things that determines the quality of a company is its financial performance, from its financial performance it can be seen how the company manages finances and carries out its operational activities. Financial performance must be assessed and controlled so that the company always develops in a directed manner. Large companies have an obligation to ensure that their financial performance is in good condition, one of which is BUMN. BUMN companies have a responsibility to the state because in their operational activities they indirectly intersect with the community. One of these state-owned companies is PT Kereta Api Indonesia (Persero), the only state-owned company engaged in transportation with its trains. In Indonesia, trains are a popular form of transportation so that PT KAI's operational activities play a major role in community mobility. Due to its considerable influence, PT KAI has the responsibility to maintain its financial performance. PT KAI's financial performance is assessed using benchmarks in the form of the Decree of the Minister of BUMN Number KEP-100 / MBU / 2002. The results of this assessment of PT KAI's financial performance show that during the 2017-2020 period PT KAI experienced a decline in financial performance, and experienced an increase in financial performance in 2021. 
 Keywords: company, finance, financial performance

Keragaan dan Analisis Rasio Keuangan Usaha Penjualan Kedelai (Studi Kasus pada PT. Sari Eco di Desa Gudang Kecamatan Tanjungsari Kabupaten Sumedang Jawa Barat)

This study aims to determine the performance of soybean sales at PT. Sari Eco and know the company's financial performance seen from the liquidity ratio, solvency ratio, profitability ratio and activity ratio. This research uses a case study method through a quantitative descriptive approach. The result of this research is PT. Sari Eco is a company engaged in the supply of food ingredients that has sold a lot of soybeans to various tofu and tempeh craftsmen in Sumedang Regency. The company was founded in 2000 with the founder Mr. Ace as owner. With the support of the potential of soybeans which are often used in making processed tofu and tempeh in Sumedang Regency, PT. Sari Eco has won a lot of trust from tofu companies and is always ready to partner with other companies. Based on the results of research for financial performance assessment using financial ratio analysis, namely the analysis of liquidity ratios, solvency ratios, profitability ratios and activity ratios at the company PT. Sari Eco. The company's financial performance of PT. Sari Eco is not healthy which is decreasing every month. The company is having difficulty selling its products due to the Covid-19 pandemic and the rising soybean prices. This must be considered so that the users of the company's assets experience improvements every month.

Comparison Analysis of Financial Performance of BUMN and Non BUMN Islamic Commercial Banks with RGEC Method

This research aims to analyze the comparison of the financial performance of BUMN Islamic Commercial Banks and Non BUMN Islamic Commercial Banks on the variables of Risk Profile, Good Corporate Governance, Earnings, and Capital (RGEC) for the 2017-2020 period represented by the ratio of NPF, FDR, BOPO, GCG, ROA, ROE, and CAR. The results of this research show that of the 7 ratios analyzed, there are 5 ratios with significant differences between the financial performance of BUMN Islamic Commercial Banks and Non BUMN Islamic Commercial Banks during the 2017-2020 period, namely FDR, BOPO, GCG, ROA, and ROE. While the NPF ratio, CAR, and RGEC Composite Rating there is no significant difference between the financial performance of BUMN Islamic Commercial Banks and Non BUMN Islamic Commercial Banks during the 2017-2020 period. The last analysis on the consolidated financial performance assessment of all RGEC variables shows that the performance of BUMN Islamic Commercial Banks is not better than the performance of Non BUMN Islamic Commercial Banks where the average composite value for 4 years is the performance of BUMN Islamic Commercial Banks (80%), smaller than the composite value of the performance of Non BUMN Islamic Commercial Banks (86%).

Identifying the Financial Indicators Required for the Development of a Comprehensive Financial Management System of a Selected Medical Sciences University

Background: The proper selection of financial indicators can assist in making optimal decisions in financial resource management and enhancing the efficiency of universities. Therefore, the aim of this research was to identify the required financial indicators for designing and developing a comprehensive financial management system of the selected medical university.
 Methods: The present cross-sectional study was conducted in 2022 in 2 stages. In the first stage, the required financial indicators for designing and developing a comprehensive financial management system were identified through a literature review and financial theoretical foundations. In the second stage, the content validity of the indicators for application in the financial system was assessed through a survey of experts using the Waltz and Bausell and Lawshe questionnaires. The research population consisted of a group of university experts from Tehran medical sciences universities with a minimum of 10 years of work experience and at least a bachelor's degree, and a proper recognition of relevant affairs in the field of financial management, auditing, and accounting. Among them, 21 individuals were purposefully selected. Data analysis was performed using MaxQDA 12 and Excel software.
 Results: A total of 17 financial indicators were identified and classified into 6 main areas, including "liquidity," "profitability," "revenue generation," "capital structure," "investment," and "financial risk." The highest level of Content Validity Ratio pertained to the "profit" and "human capital value added" indicators (CVR= 90 %), and the highest level of Content Validity Index was also related to the "labor cost” and “human capital value added" (CVI = 100 %).
 Conclusion: University managers and policymakers can have a desired evaluation of the university financial performance using the proposed indicators in this research. Therefore, it is suggested to design software for recording indicators based on this model (17 indicators in 6 main areas) and establish a database for the assessment of the university financial performance and the mechanism for collecting and analyzing information based on it.

Financial Performance Assessment through Statement Analysis: A Qualitative Study

This qualitative study aims to assess the financial performance of a regional water company using descriptive analysis. Conducted at a specific location in Pasuruan Regency, East Java, the research gathered insights from experts in the Finance Division and General Affairs, Public Relations, and HR. Inductive data analysis revealed increasing liquidity ratios, decreasing solvency ratios, and rising profitability ratios over the years. These findings carry implications for the financial health and sustainability of similar entities, offering valuable insights for decision-makers in the water utility sector. Highlights: Key Insight: Qualitative approach for financial assessment. Notable Trends: Liquidity, solvency, and profitability ratios. Sector Implications: Decision support for water utilities. Keywords: Financial Performance, Statement Analysis, Water Utility, Qualitative Research, Sustainability.

Financial performance-based assessment of companies’ competitiveness: Evidence from the Norwegian Shipbuilding Industry

The Norwegian maritime industry is at the forefront of green technology development, with shipyards playing a crucial role in testing, verification, and development. However, the industry faces challenges such as high personal costs, increasing competition from abroad, and cyclical market trends. This study aims to assess financial performance as indicator of firm-level competitiveness based on a set of 12 financial measures and test the hypothesis of the positive impact of portfolio diversification on shipyards’ competitiveness.The analysis utilizes data from four large construction yards and four medium-sized construction, repair, and maintenance yards in the Møre region. The methodology involves constructing a Shipyard Competitiveness Index with sub-indices for liquidity, profitability, solvency, and efficiency. Regression analysis is conducted to investigate the impact of ship variety, as a diversification parameter, on the competitiveness level.The obtained results reveal that during the analyzed period (2009–2020), companies in the group of large shipyards had better financial performance until 2017, while on the contrary, the second group of shipyards in the same period showed an increase in their competitiveness index. Moreover, the findings proved the presence of the positive relationship between diversification of portfolio and competitiveness index.This study contributes valuable insights for the Norwegian shipbuilding industry, highlighting the importance of financial performance assessment in measuring competitiveness. The study provides a foundation for future discussions on fostering sustainable growth and innovation within the maritime sector.

Analisis Rasio Keuangan untuk Menilai Kinerja Keuangan Pada Pt Summarecon Agung Tbk

This study discusses the Analysis of Liquidity, Solvency, and Profitability Ratios to assess the Financial Performance of PT. Summarecon Agung Tbk. The purpose of this research is to know and analyze the financial performance at PT. Summarecon Agung Tbk. using the liquidity, solvency and profitability ratio method for the 2018-2022 period. The data analysis technique used is descriptive quantitative through measurement of financial performance measured by 3 ratio analysis, namely: 1) Liquidity ratios (Current Ratio and Quick Ratio), 2) Solvability ratios (Debt to Asset Ratio and Debt to Equity Ratio), and 3 ) Profitability Ratios (Return On Assets and Return On Equity). Based on the results of the study it can be concluded that the assessment of the financial performance of PT. Summarecon Agung Tbk. In terms of the liquidity ratio in terms of the Current Ratio from 2018-2022 is quite good and in terms of the Quick Ratio from 2018- 2022 the company's condition is not good. Assessment of financial performance in terms of solvency ratios in terms of the Debt to Asset Ratio and Debt to Equity Ratio from 2018- 2022 The company's condition is not good because it is above the company's industry standards. And the assessment of financial performance in terms of profitability ratios in terms of Return On Assets and Return On Equity from 2018-2022 is very poor.

Analiss Rasio Profitabilitas Untuk Menilai Kinerja Keuangan Pada PT. Timah Tbk Tahun 2019-2022

In other words, the profitability ratio may be used to gauge both the performance of the firm as well as its capacity to make productive use of its assets. It demonstrates the organization's capacity to earn profits. When a firm's profitability ratio is high, the total amount of profit that the company has accumulated is also high. How the calculation results of Gross Profit Margin, Net Profit Margin, Return on Assets, and Return on Equity at PT. Timah Tbk, how is the growth of financial performance at PT. Timah Tbk in terms of profitability ratios from 2019 to 2022 The wording of the research issue is how the calculation results of Gross Profit Margin, Net Profit Margin, Return on Assets, and Return on Equity at PT. Timah Tbk. The goal of this research was to identify the growth of PT. Timah Tbk in terms of profitability ratios from 2019 to 2022 by analyzing the results of calculating the Gross Profit Margin, the Net Profit Margin, the Return on Assets, and the Return on Equity at PT. Timah Tbk. This research was conducted with the intention of finding out the outcomes of these calculations. This study makes use of quantitative descriptive data as its primary source of information. This study makes use of secondary data, which includes information collected directly from the primary source (business) that serves as the research object, information obtained from the official website of the firm, and information obtained from the Indonesia Stock Exchange. The information is presented in the form of financial ratios that are taken from the financial reports that are issued at the conclusion of each period of the company's financial statements for PT. Timah Tbk, beginning with the 2019 period and continuing through the 2022 period. According to the findings of this research, the calculation of the profitability ratios of PT Timah Tbk, which is reviewed using Gross Profit Margin, Net Profit Margin, Return on Investment, and Return on Equity, experiences ups and downs (fluctuations). This indicates that the company's ability to gain profits from asset management, equity, and company revenues have decreased and increased, respectively. In terms of profitability ratios, PT. Timah Tbk has seen both growth and decline with each passing year. Therefore, the management at PT. Timah Tbk has relied on profitability ratio analysis as the foundation for their assessment of the company's overall financial performance.

Relationship between Corporate Governance and Financial Performance of Manufacturing Firms through Moderating Role of ISO-14001

The objective of this research is to investigate the potential moderating role of ISO14001 in the relationship between corporate governance and firm financial performance. Corporate governance is measured using four dimensions, the variable considered in this analysis encompass board size, frequency of board meetings, gender diversity within the board, and the presence of independent non-executive directors. The assessment of financial performance involves both accounting-based and market-based metrics. The results of this study are obtained from annual company reports, and the study employs purposive sampling with a sample size of 70 manufacturing firms from the PXS 100 index. The empirical findings indicate that CG has a positive significant influence on both ROA and Tobin's Q. Additionally, ISO14001 significantly moderates the relationship between CG and FP.

UNLOCKING ORGANIZATIONAL SUCCESS: LEVERAGING FINANCIAL STATEMENT ANALYSIS AS A PROFOUND TOOL FOR ASSESSING PROFIT PERFORMANCE

This research aims to analyze the financial performance of non-profit organizations. The method used is a qualitative type of literature approach, namely by comparing and evaluating concepts obtained from documents in the form of profit organization financial report data and references from books, journals, magazines and financial data from official websites of profit organizations. The results of this research can be calculated as GPM NPM. ROA and ROE. An organization's financial condition can be said to be by OJK standards if it meets the criteria for profitability ratios in profit organizations. In the 2018-2022 period, profit organizations experienced fluctuations in financial performance in the profitability aspect. This can be seen based on the calculation of ROA, ROE, and NPM over the last five years; namely, the average data obtained is ROA of 0.02%, ROE of 0.48%, NPM of 4.94%, and GPM of 0.9%. This data shows that profit organizations still need to meet the financial performance assessment standards set by Bank Indonesia.

ANALISIS RASIO KEUANGAN UNTUK MENILAI KINERJA KEUANGAN PADA INDUSTRI ROKOK YANG TERDAFTAR DI BURSA EFEK INDONESIA PERIODE 2017-2021

The tobacco processing industry has an important role in driving the national economy. Many companies engaged in the cigarette industry are developing their production, so they are required to increase the quality and quantity of their production. In addition, in the current economic conditions there is competition in various business fields. These conditions require cigarette companies to be able to survive in the competition, companies are required to gain a wider market share, but be able to utilize capital goods efficiently. This study discusses the financial performance assessment of the cigarette industry listed on the Indonesia Stock Exchange for the 2017-2021 period. The results showed that the financial condition of the cigarette company groups listed on the Indonesia Stock Exchange varied greatly in terms of liquidity ratios, solvency ratios, and profitability ratios. If the ranking of good and healthy financial performance is carried out in the cigarette industry, PT. The second Handjaya Mandala Sampoerna, Tbk is PT. Wismilak Tbk then followed by PT. Gudang Garam Tbk and the last one is PT. Bentoel International Investama, Tbk.

Corporate financial performance in terms of liquidity and profitability

PT. Fastfood Indonesia, Tbk (KFC) in terms of liquidity and profitability based on the corporate financial statements. Assessment of financial performance can be carried out by management by analyzing financial reports. The financial reports are the balance sheet and income statement from 2010 to 2019. One of the analyzes that can be used to determine the state of the company is financial ratio analysis. The data analysis method uses descriptive analysis using liquidity ratio measurements and profitability ratios. The data and information are secondary data obtained from the Indonesian Stock Exchange. Calculating the average liquidity ratio on the quick and cash ratios shows that the company's condition is in good condition. Furthermore, the current ratio shows the company's condition is not good. In contrast, the calculation of the average profitability ratio on return on assets shows that the company's condition is in good condition and the return on equity is as big as indicating that the company's condition is not good.

Analysis of Economic Value Added (EVA) and Market Value Added (MVA) in Assessing the Performance of Sharia Financial Institutions (Case Study at PT Bank Sumut Syariah Tbk)

Financial performance is the result or achievement achieved by the company in a certain period which describes the level of the soundness of the company to assist investors or potential investors in making decisions. Assessment of the company's financial performance using the EVA and MVA methods describes the optimal level of return on wealth for the company and investors. The purpose of this research is to measure the financial performance of PT. Bank Sumut Syariah uses the EVA and MVA methods, to determine the amount of economic added value creation and wealth creation that has been generated by the company for creditors and shareholders. This research was conducted at PT. Bank Sumut Syariah for the 2017-2021 period in period studied, Bank Sumut Syariah experienced an increase and decrease in its operational and finances seen from its annual financial reports. Based on the results of the analysis of the value of financial performance using the EVA method, PT. Bank Sumut Syariah has succeeded in creating a positive EVA value for the company every year. Rp. 623,456 (in millions of rupiah) in 2017, Rp. 496,207 (in millions of rupiah) in 2018 experienced a decrease in EVA value from the previous year, Rp. 537,199 (in millions of rupiah) in 2019 the EVA value again increased, in 2020 Bank Sumut Syariah experienced a decrease in the positive EVA value of Rp. 506,628, in 2021 Bank Sumut Syariah has again succeeded in increasing the positive EVA value of IDR 608,185. Management has succeeded in meeting the expectations of both creditors and shareholders.

The Effect of Financial Compensation, Performance Assessment, and Competencies on the Performance of High School Teachers

This study aims to examine the effect of financial compensation, performance appraisal, and competence on the performance of senior high school teachers in Banda Aceh City. The research was conducted in a senior high school in Banda Aceh City. The population of this study was 30 high school seniors consisting of 19 senior high schools, 6 vocational high schools, 3 state madrasah aliyah, and 2 integrated dayah. This study uses a mixed method. The research data was obtained by distributing questionnaires and interviews. The data is then analyzed quantitatively and qualitatively. The results of the study showed that 1) The results of quantitative calculations, financial compensation and teacher competence jointly affect teacher performance, but performance appraisal does not affect the performance of senior high school teachers in Banda Aceh City. Partially, there is an effect of financial compensation and teacher competence on the performance of high school teachers in Banda Aceh City. However, there is no effect of performance appraisal on the performance of senior high school teachers in Banda Aceh City. 2) Qualitatively, the results of interviews with principals showed financial compensation and teacher competence. Meanwhile, teacher performance appraisal only affects teacher performance if there is feedback and supervision from the principal. According to school principals, other factors that influence teacher performance are internal and external factors, namely the motivation and character of teachers, which are supported by the leadership and work environment.

A Financial Performance Analysis of Village-Owned Enterprise in Margo Mulyo Bringinan, Jambon 2018-2021

Village Owned Enterprises (BUMDesa) are institutions formed by village governments and communities that manage them based on the needs and economy of the village. The purpose of this research is to determine the financial performance of BUMDesa Margo Mulyo Bringinan Village in 2018-2021. The method used is descriptive quantitative with financial ratio analysis techniques including Current Ratio, Debt To Equity Ratio, Return On Equity Ratio, Net Profit Margin Ratio, Total Asset Turn Over, and Recevable Trunover Ratio. The population of this study is the Financial Report of Margo Mulyo Village Owned Enterprises (BUMDesa) for 2018-2021 with the sample being the Financial Report of Margo Mulyo Village Owned Enterprises (BUMDesa) for 2018-2021 which consists of balance sheets and reports of Remaining Business Results (SHU). . The results of this study state that the assessment of financial performance based on the Current Ratio is included in the healthy category, with an infinite ratio value. The Debt to Equity Ratio is included in the healthy category with a ratio value of 0%. The Return On Equity Ratio shows unhealthy financial performance results. Net Profit Margin Ratio is included in the healthy criteria. Total Asset Turn Over and Receivable Turnover are included in the very unhealthy criteria with a ratio value of < 1 time. This research shows a straight line relationship between the results of the Current Ratio analysis and Total Asset Turnover.

The role of treasury diagnosis on the assessment of the company's financial performance: Practical case study

Cash management has become a necessary and essential management tool for managing the company. Hence effective cash management will guarantee the liquidity, solvency and profitability of the company, thus ensuring its financial performance. This article reports a theoretical conceptual framework that illustrates the relationship between cash management and business performance, and how to perform an accurate cash diagnosis to monitor and evaluate the financial performance of the business, at through reports and financial statements (an example on the press company "LE QUOTIDIEN SA"). We arrived at several results, among them: The diagnosis of the cash flow is essential to evaluate the financial performance of a company. Thanks to the study of significant relationships between quantities extracted from financial statements, the ratio method provides a simple approach for assessing the performance of a company. This assessment is generally made on the basis of a comparison between the ratios calculated on the company and reference ratios reflecting significant standards, internal or external. Among the factors which determine the level of performance, mention should be made of the structure of the company's financing. Although the role of this structure is complex, the analysis of the leverage effect provides a first approach, already rich in implications for the assessment of financial performance

The Effect of Financial Performance on the Stock Price of Service Companies Listed on the Indonesia Stock Exchange (IDX)

This study aims to determine the financial performance of PT. Wijaya Karya Beton Tbk based on the analysis method of liquidity ratio, profitability ratio and solvency ratio for the period 2019-2022. The data collection technique used is documentation, with documents in the form of company financial statements in 2019-2022. Data analysis techniques use case study techniques to obtain data as material in the preparation of research. As for analyzing the development of financial performance, this study uses descriptive analysis techniques where the data obtained in the field is processed in such a way as to provide systematic, factual, and accurate data on the problems to be studied. The results showed that the company's financial performance assessment based on the analysis of liquidity ratios, solvency ratios and profitability ratios for the period 2019-2022, with details, namely (a) financial performance based on liquidity ratios has fluctuated in the last 4 years (2019-2022) this is due to the increasing number of current assets and current debt from year to year. (b) Financial performance based on Profitability Ratio has decreased in the last year (2019-2022). This is due to the increasing amount of profit after tax. (c) Financial performance based on Solvency Ratio has decreased in the last year (2019-2022) this is due to the increase in total assets.