Financial Ratio Analysis Research Articles

Analisis Profitabilitas Perbankan Syariah Terdaftar Pada Bursa Efek Indonesia Pada Periode 2020-2021

Management company performance can be assessed by analyzing the financial statements of a company. To be able to find out the company's financial condition, various analyses can be carried out, one of which is ratio analysis. The purpose of this study was to determine the financial performance of Islamic banking companies listed on the Indonesia Stock Exchange in terms of financial ratio analysis. The analytical method used is descriptive quantitative analysis with the measurement of profitability ratios. The research data is secondary data in the form of annual reports for each bank obtained from the official website of the Indonesia Stock Exchange or the official website of each Islamic bank. The results of the study show that several ratios used to measure the profitability aspects of Islamic banking, namely the ROA, ROE, NIM, and BOPO ratios, decreased significantly in 2021 when compared to 2020

Pengaruh Perbandingan Kinerja Keuangan Dua dari Lima Besar Perusahaan Farmasi Indonesia

Knowledge about financial performance is considered very important for companies and investors. This research aims to compare the financial performance of two of Indonesia's top five pharmaceutical companies. This research uses financial ratio analysis, namely liquidity ratios, solvency ratios, activity ratios, profitability ratios, and market ratios. The method used in this research is comparative research using statistical analysis. The results of this research show that the first company has a higher liquidity and profitability ratio. In contrast, the second company has a better capacity to meet its interest obligations, even though its financial performance is more volatile. There were significant differences in twelve ratios between the two companies, and no significant differences were found in the other six ratios. Research findings can be a basis for the market to view that the first company has more potential to grow in the future and support the decision-making process for stakeholders.

Financial Performance Analysis of Districts/Cities in North Maluku Province: Insights and Priorities

This study seeks to examine the financial performance of Districts/Cities in North Maluku Province through descriptive analysis of financial ratios. The descriptive analysis method was chosen to depict and examine the financial conditions of the regions in detail based on available data. The findings reveal several key points: Firstly, the effectiveness ratio of Districts/Cities in North Maluku Province indicates ineffective performance, as the actual Local Own-Source Revenue (PAD) falls short of the set targets or budgets. Secondly, the fiscal decentralization ratio of Districts/Cities shows limitations in the regions' ability to finance local expenditures from PAD, with a very low level of financial independence. Thirdly, although the growth ratio of Districts/Cities shows positive fluctuations from 2018 to 2022, the growth remains low and unstable from one period to the next. Finally, there is a significant disparity between operational expenditure and capital expenditure, highlighting the need for prioritized budget allocations to support infrastructure development and overall community welfare. These research findings provide an in-depth perspective on the challenges and potential improvements in financial management at the local government level in North Maluku Province.

The relevance of financial analysis in performance assessment: the case of an Algerian insurance company

Insurance companies are in a special position because of their ability to assess and mitigate the risks faced by their customers. They are susceptible to a series of uncertainties, given their role in protecting individuals, professionals, and businesses. By providing comprehensive coverage and assistance in the event of unforeseen events such as natural disasters, accidents, or loss of life, insurance companies play a vital role in providing financial assistance and mitigating the adverse effects of such events. Insurance companies play a vital role in the economy by providing financial assistance and mitigating the negative effects of unforeseen events. Financial performance indicators, such as financial ratio analysis to measure the health of the insurance company, are essential tools for assessing the financial stability and growth potential of insurance companies. This study found that SAA, the leader of the Algerian insurance market, had good financial performance from 2019 to 2021. Evaluating the financial performance of an insurance company was the objective of this research, with a particular focus on the case of SAAs from 2019 to 2021 by performing an analysis using the ratio method. The case of this study focused on the preparation of financial statements and the presentation of financial performance indicators of SAA, which is the leader of the Algerian insurance market. The results reveal that SAA demonstrated good financial performance over the three-year study period.SAA’s financial analysis indicates that the company’s financial structure is solid. This research contributes to the field of financial analysis, highlighting the advantages of using financial ratios to assess the financial performance of insurance companies.

Analisis Rasio Keuangan Untuk Menilai Kinerja Keuangan Pada PT Akasha Wira Internasional Tbk Periode 2022-2023

This research was conducted at PT Akasha Wira Internasional Tbk, the aim of this research was to determine financial ratio analysis to assess financial performance at PT Akasha Wira Internasional Tbk for the 2022-2023 period. The data collection method used in this research is to obtain information by looking at the data contained in financial report data and by using literature to obtain secondary data, references. The data analysis technique was carried out by comparing the financial ratios at PT Akasha Wira Internasional Tbk with the industry average for companies operating in similar fields. The results of this research state that the financial performance of PT Akasha Wira Internasional in 2022-223, if seen from the liquidity ratio, the company's financial condition is healthy, the solvency ratio shows that the company has a stable funding structure, the activity ratio shows that the company has several areas that require improvement. in operational efficiency, and finally the company's profitability ratio for 2022-2023 shows that the company is facing significant challenges in terms of profitability.

Evaluating Financial Health and Sustainability of Post-Merger Port Operations in Indonesia: Liquidity and Profitability Insights

This study aims to analyze the financial health of PT Pelabuhan Indonesia (PT Pelindo) after the merger with a liquidity and profitability assessment approach for the sake of the company's survival in global economic turmoil and increased digital services for consumers who use transportation services. The method used is secondary data in the form of audited financial statements (2021-2023). This research uses a descriptive quantitative approach by analyzing the company's liquidity, profitability, and efficiency. The analysis technique uses liquidity financial ratio analysis, including current, quick, and cash ratios. In contrast, profitability ratios include gross profit margin (GPM), net profit margin (NPM), return on assets (ROA), and return on equity (ROE) to describe the company's financial health condition. The results and discussion of the study indicate that the Indonesian port company (PT Pelindo), after the merger from 2021 to 2023 suggests that it needs to implement a liquidity strategy through financial restructuring with a focus on managing current assets and current liabilities, increasing cash efficiency, accelerating collections, and reviewing capital structure to ensure liquidity remains adequate and reduce liquidity risk, especially with the downward trend in cash ratio which can threaten the company's stability in the future. Improving the profitability of Indonesian port companies should focus on operational cost efficiency, including digitalization, process and preventive maintenance, and collaborating with strategic partners to increase revenue, diversify port services, and optimize asset usage to maintain long-term financial stability and minimize negative impacts and external fluctuations.

Analisa Laporan Keuangan untuk Menilai Kinerja Perusahaan

This research was conducted to determine and assess the financial performance of cement sub-sector companies listed on the IDX in 2020-2022. This research uses quantitative descriptive research methods. The financial ratio analysis used uses profitability ratios, liquidity ratios, solvency ratios and activity ratios. The results of the research show that overall the financial performance of cement sub-sector companies is in good condition, only the WSBP company whose financial performance is not good. So the WSBP company needs to improve its financial performance so that the company's value increases in the eyes of investors.

Liquidity and Activity Analysis on Profitability at PT Eastparc Hotel TBK 2019-2021 (Pandemic Conditions)

The COVID-19 pandemic has had a continuous impact on various sectors, including the economic and tourism sectors, which has caused a decline in production, consumption, and operations in all aspects including maintaining the company's existence and safe and stable profitability. This study aims to analyze profitability using methods from liquidity ratios and activity ratios based on PT Eastparc Hotel Tbk's financial statements from 2019-2021. Data collection method through theory from several literature reviews with time series data collection techniques. The data analysis method used is descriptive quantitative using financial ratio analysis tools, with a research period of the last 3 years (2019 – 2021). The results of the analysis of CR's liquidity ratio for 3 years during the pandemic show that the company PT Eastparc Hotel Tbk has not been able to pay debts that must be immediately met with current assets. QR and CAR show that the company's condition is not good in 2021 This condition means that the company still needs time to sell some of its other current assets to pay its obligations. The results of the Activity ratio show that the company's performance is not good and able to maximize the capacity of its fixed assets. Meanwhile, inventory turnover shows good company conditions in maximizing inventory so as not to accumulate in warehouses in excess quantities (productive) increasing profitability. Meanwhile, the working capital turnover ratio in 2019 was not good, but there were improvements in the last two periods, namely 2020 and 2021. The results of the financial ratio analysis show that PT Eastparc Tbk.'s financial performance during the 3 periods of the pandemic was quite good, after improving its ability to pay short-term debt through the sale of securities, collecting even though inventory turnover was slow and had a relationship in line with the decline in profitability generated by the company.

Unraveling PT Cita Mineral Investindo: Growth Potential through Organic & Inorganic Strategies under Bauxite Export Ban

Downstreaming has bring significant impact for Indonesia’s economy, with higher price on goods that were processed to gain a higher value, from IDR 17 trillion (USD 1,1 billion) at the end of 2014 to IDR 326 trillion (USD 20,9 billion) in 2021, Indonesia was able to boost the value of its nickel exports by up to 19 times. However, concerns arise as there may be a lack of clarity and confidence among investors on investment potential in Indonesia’s bauxite mining business, potentially leading to the failure on increasing added value due to the inadequate numbers of bauxite smelters to support the downstreaming process. Bauxite export ban as part of Indonesia’s effort to downstream more minerals could lead PT Cita Mineral Investindo’s growth to plateau due to their main business is in bauxite mining with products of Metallurgical Grade Bauxite. It may affect its revenue stream negatively, and limit their potential to grow even further. Bauxite industry currently aligned with Indonesia’s plan to be a big player in EV production in the future, which could contribute to the production of aluminium material and key component to EV batteries. The study will examine the valuation of PT Cita Mineral Investindo with the scenarios of organic growth and inorganic growth in an effort to market and increase their domestic sales in order to quantify the opportunities that PT Cita Mineral Investindo may have in complying with the new regulations. The study will involve Financial Ratio Analysis to assess its business condition and DCF valuation will assess the enterprise value for both growth strategy. Sensitivity analysis is performed to identify the most factor influencing the enterprise value of the company. The enterprise value of PT Cita Mineral Investindo in the organic growth scenario is valued at IDR 9.505.697.469.283 and in the inorganic growth scenario is valued at IDR 12.018.885.689.175. Tornado chart sensitivity analysis shows that the most influencing factors are WACC and terminal growth rate. PT Cita Mineral Investindo is valued higher when it uses an inorganic growth scenario. To achieve this, PT Cita Mineral Investindo must utilize inorganic growth through a set of joint-venture and strategic partnerships.

印度尼西亚和土耳其旅游业上市公司在covid 19爆发时的财务分析

COVID-19 outbreak is global disease that impact most of industries in the world. Tourism is one of industry shocked by COVID-19. Curfew policy and social distance caused most of tourism sector such as tourism, hotel, and restaurant were closed. The purpose of this study is to analyze financial statement of tourism industries in Indonesia and Türkiye using financial ratio analysis. We employ financial analysis of credit (risk) analysis and profitability analysis during lockdown. We employ 27 financial statements of tourism firms in both countries in 2020. Based on the result, we found that profitability ratio that have significant differences in both countries such as ROA, ROE, and net margin. Although other measurement such as, current asset ratio, quick ratio, asset turn over, debt to equity ratio, and short term debt to equity ratio have no significant. The result informs that tourism of listed firms in Indonesia and Türkiye have significantly difference in profitability ratio. However, capability of managing liquidity, utilizing asset and managing capital structure and solvency has no significant difference. The result implies that tourism industries both in Indonesia and Türkiye have similar issues in liquidity, utilizing asset, and solvency, because they have to face diminishing income during COVID-19. Hence, it will effect on the liquidity.

Financial Ratios and Stock Return in the Food and Beverage Company

This study uses financial ratio analysis to investigate the company's stock returns. This study aims to determine the dominant influence of several financial ratios on stock returns. Financial ratios are helpful in evaluating relied returns. The quantitative research approach is used to analyze how financial ratios affect stock returns. The population of this study is companies in the food and beverage sector listed on the Indonesia Stock Exchange. The analysis was carried out from 2017 to 2020 using secondary data sources. Purposive sampling is used in this study, with the sample chosen based on predetermined standards and subjected to multiple linear regression analysis. The analysis' findings demonstrate that DER and TATO have no significant effect on stock returns, while CR, ROA, and ROE have a significant effect on stock returns. optimal corporate profitability is not always achieved by having too many current assets. Additionally, unproductive management of surplus and unused funds will impact declining stock returns. The results of this study indicate that idle current assets cannot generate company profitability because the current ratio is too high indicating an excess of current assets relative to fixed assets.

Analisis Rasio Keuangan Dalam Menilai Kinerja Keuangan Pada Industri Kosmetik Terdaftar BEI Periode 2022

The development of the beauty industry increases every year. Even during the Covid-19 pandemic, this industry remained stable in facing the crisis. This condition certainly makes many investors look to invest their capital in this industry. The beauty industry listed on the Indonesian Stock Exchange (BEI) is PT. Mustika Ratu Tbk, PT. Martina Berto Tbk and PT. Unilever Indonesia Tbk. In order to help investors assess company performance, it is necessary to carry out financial ratio analysis. Financial ratio analysis in this study is liquidity analysis, asset management analysis, debt management analysis, profitability analysis and market value analysis. This study is qualitative in nature with data analysis using financial ratio analysis. The results of this study provide the conclusion that if the analysis of the cosmetics industry in 2022 uses industry averages according to Brigham Houston, there are several components that are above standard, such as profit margin and ROA owned by PT. Mustika Ratu Tbk and PT. Unilever Indonesia Tbk above standard. PT fixed asset turnover. Muatika Ratu Tbk which is above standard. If analyzed through comparisons between companies that are still in the same industry, the company PT. Unilever Indonesia Tbk has performed quite well in generating company profitability. Proven by the fairly large profit margin and ROA ratio.
 Keywords: Liquidity, Asset management, Debt management, Profitability, Market value

Panel Data Regression on Tax Avoidance: Reviewed from Islamic Corporate Social Responsibility and Financial Ratio Analysis

<p><em>Tax</em><em> avoidance becomes unique because it is allowed in the sense that it does not violate the law. However, it is undesirable in practice because it affects the country’s revenue. This study experimentally investigates the relationship between Islamic corporate social responsibility, profitability, leverage, inventory intensity, capital intensity</em><em>, </em><em>and tax avoidance. This research employs a causal methodology and is quantitative. Only businesses listed on the Indonesian Islamic Stock Index (ISSI) </em><em>were</em><em> included in this analysis. The purposive sampling approach was </em><em>employed</em><em> to gather a sample of 15 companies for the 2016–2021 research period. Profitability has a negative impact on tax avoidance, leverage has a negative impact on tax avoidance, inventory intensity has a positive and significant impact on tax avoidance, capital intensity has no discernible impact on </em><em>tax avoidance</em><em>, and Islamic corporate social responsibility has no discernible impact on </em><em>tax avoidance</em><em>.</em></p>

Analysis of Regional Financial Capacity in Sumatera-Indonesia

The objectives of this research are: (1) To analyze the financial capability of the Regency/city in the region of southern Sumatra and (2) the compare of financial capability of the district/parent city with the expansion in the region of Sumatra. This research is a quantitative study with a sample of district/parent city and expansion in the region of Sumbagsel. The data analysis methods used are analysis of financial ratios and descriptive analysis. The results show The District/parent city and District/city expansion has a ratio of self-reliance, degree of fiscal decentralization and a fluency index of routine capabilities, were.

Financial Ratio Analysis and Investment Decision Makings in Listed Companies in Rwanda; A Case Study of Listed Companies

Financial Ratio Analysis and Investment Decision Makings in Listed Companies in Rwanda; A Case Study of Listed Companies

Analisis Kinerja Keuangan pada Perusahaan Jaringan Distribusi Ritel di Indonesia

Financial performance analysis plays a crucial role in assessing the overall health and effectiveness of a company. This research focuses on analyzing the financial performance of a retail distribution network company in Indonesia, utilizing quantitative descriptive methods. It employs financial ratio and common size analyses on primary data from financial statements to comprehend the company's financial position, profitability, liquidity, and solvency. Through a quantitative descriptive observational design, secondary data from literature and documents are collected. The analysis includes assessing liquidity via current and cash ratios, profitability through metrics like ROA, ROI, and ROE, as well as evaluating solvency using relevant ratios. The findings provide insights into the company's performance, revealing potential short-term issues due to decreasing current and cash ratios and fluctuations in profitability. These insights assist stakeholders in making informed decisions and formulating strategies, underscoring the significance of financial analysis in evaluating a company's health.

ANALISIS LAPORAN KEUANGAN PT KERETA API INDONESIA (PERSERO) PERIODE 2020–2021 UNTUK MENGUKUR KINERJA KEUANGAN BERDASARKAN RASIO LIKUIDITAS

Analysis is used to assess the company's financial performance using its financial reports from different reporting periods. The general public, investors, shareholders and management can all benefit from financial company reports while making decisions and growing their own assets. This study will use financial measures based on liquidity ratios which include current ratios, quick ratios, and cash ratios to show the financial performance of the company PT Kereta Api Indonesia (Persero). The company's financial statements, which include an income statement and balance sheet for 2020-2021, are the subject of research. In this research data analysis used descriptive analysis using financial ratio analysis. Liquidity ratio consisting of current ratio (Current Ratio), quick ratio (Quick Ratio), and cash ratio (Cash Ratio) which is the basis for the results of financial ratio analysis

Analisis Financial Distress pada Perusahaan Konstruksi BUMN Karya

This study aims to measure the performance and financial health of the BUMN Karya Construction Company based on an analysis of financial reports from 2019 to 2022. This research is also intended to determine increases or decreases in financial performance and even financial distress. This study examines financial problems in 5 (five) BUMN Karya companies, including PT. Adhi Karya, PT. Waskita Karya, PT. Wijaya Karya, PT. Pembangunan Perumahan and PT. Hutama Karya. Financial performance measurement analysis based on Financial Ratio Analysis and Discriminant or Financial Distress Prediction Models include the Altman Z-score Model, the Springate Model, the Grover Model and the Zmijewski Model. The research will be measured based on the individual analysis of each company and the comparative analysis of the 5 (five) BUMN Karya. The results of the research based on analysis of financial ratios and 4 (four) financial distress models obtained values of 50% to 100%, so that it can be concluded that 5 (five) BUMN Karya companies are experiencing financial distress or financial difficulties and are on the verge of bankruptcy. While the research results are based on the calculation of financial ratios where the average state-owned company works, the majority of its assets come from debt but still have sufficient cash to pay off its debts. The conclusion from the results of this study can be used as an early warning related to the company's financial condition, so that it can be planned to develop company policies and strategies for better financial performance and avoid financial distress.

Analysis of Banking Financial Ratio Before and During Covid-19 Pandemi

This research aims to find out if there are differences in the Current Ratio, Debt to Asset Ratio, and Return on Asset to the financial performance of Bank Muamalat Indonesia before and during the Covid-19 pandemic period. The population in this study is the entire financial statements of Bank Muamalat Indonesia and the sample in this study is the financial statements of Bank Muamalat Indonesia period 2017-2022. Data analysis techniques are carried out using the Normality Test, Homogeneity Test, and the Independent Samples Test. " The results of this study are No significant differences in Current Ratio at the Indonesian Muamalat Bank before and during the Covid-19 pandemic.

Application of the AHP-TOPSIS Method to Support Stock Investment Decisions Based on Financial Ratio Analysis

Stock is one form of investment that is currently popular, both for young people, parents, and industry. This can be seen from the increasing number of investors and companies listed on the Indonesia Stock Exchange (IDX). This makes investors confused in determining the best stock choices. Analysis of stock selection needs to be done before someone invest so that the selected stock does not lose and can generate optimal profits. This study discusses the recommendation for alternative stocks from the IDX30 index. The parameters for selecting alternative stocks considered include the criteria of Earning Per Share (EPS), Return on Assets (ROA), Return on Equity (ROE), and Net Profit Margin (NPM). Then the weight of each criterion will be searched using the Analytical Hierarchy Process (AHP) method and sorted using the Technique for Order Preference by Similarity to Ideal Solution (TOPSIS) method to produce stock recommendations from companies listed on the Indonesia Stock Exchange. The results showed that the Earning Per Share (EPS) criteria became the first priority with a weight of 0,2927, then Return on Equity (ROE) with a weight of 0,2728, followed by Net Profit Margin (NPM) with a weight of 0,2583, and Return on Assets (ROA) with a weight 0,1759. Then alternative results are obtained based on the preference value and ranking 14 companies that have a preference value above 0.5 and can be used as a consideration in making investment decisions, with BBCA as a priority alternative.