Financial statement analysis was conducted to assess the financial performance of PT Unilever Indonesia Tbk in the 2018-2022 period using the Current Ratio, Debt Equity Ratio, and Return on Asset
DOI:
https://doi.org/10.35335/ijafibs.v11i4.214Keywords:
Current Ratio, Debt to Equity Ratio, Financial Performance, Financial Statements, Return on AssetAbstract
Financial performance is a formal effort to evaluate the efficiency and effectiveness ofa company in generating profits. The method used is a qualitative method using a descriptive approach; the subject in this study is PT Unilever Indonesia Tbk and the object in this study is the financial statement data of PT Unilever Indonesia Tbk. The data source used in this study is secondary data taken from the official website of PT Unilever Indonesia Tbk. This study aims to determinethe financial performance of PT Unilever Indonesia Tbk using the CurrentRatio, debt-to-equityRatio, and return on assets. It is expected to provide helpful information for companies and investors in making investment decisions. Based on the attached data, it shows that during the 2018-2022 period, the average Ratio of each Ratio in PT Unilever Indonesia Tbk is as follows: at the liquidity ratio of current assets of 8,178,740 and current liabilities of 12,488,997. At the Ratio of total debt solvency of 14,415,546 and total equity of 5,223,178. Theprofitability ratio of total assets amounted to 56,794,724, and net profit amounted to 6,955,753. From the results of this study, the Company's financial performance shows a low level of liquidity, a higher level of risk due to the use of more considerable debt, and suboptimal operational performance. Therefore, companies must pay attention to cost management, debt management, and sales activities to improve financial performance. TheCompanyCompany should increase sales toenhance efficient financial performance. This research is expected to make theoretical contributions to the literature in this context, including in the context of economic and banking management.
References
Almira, ni putu alma kalya, & Wiagustini, ni luh putu. (2020). Return On Asset, Return On Equity, Dan Earning Per Share Berpengaruh Terhadap Return Saham, 9(3), 1069–1088.
Arini, G. Y. S. P., & Safri. (2022). Analisis Laporan Keuangan Untuk Menilai Kinerja Keuangan Pada Pt Garuda Indonesia Tbk Pada Periode 2017-2020 Dengan Menggunakan Current Ratio, Debt To Equity Ratio, Return On Assets Dan Return On Equity, 2(3), 206–218.
Colline, F. (2022). The Mediating Effect of Debt Equity Ratio on The Effect of Current Ratio, Return on Equity, and Total Asset Turnover on Price to Book Value. Peer-Reviewed Article Jurnal Keuangan Dan Perbankan, 26(1), 2443–2687. https://doi.org/10.26905/jkdp.v26i1.6882
Gu, J., Shi, X., Wang, J., & Xu, X. (2024). Examining the impact of market power discrepancy between supply chain partners on firm financial performance. International Journal of Production Economics, 268, 109100. https://doi.org/10.1016/j.ijpe.2023.109100
Gu, X., Nagarajan, N. J., Sayrak, A., & Srinivasan, D. (2023). U.S. Airline Responses to Mandated Disclosure of Non-Financial Performance. Journal of Contemporary Accounting & Economics, 100394. https://doi.org/10.1016/j.jcae.2023.100394
Gunawan, R., Widiyanti, M., Malinda, S., & Adam, M. (2022). The Effect of Current Ratio, Total Asset Turnover, Debt Asset Ratio, and Debt-to-Internet Ratio on Return on Assets in Plantation Sub-Sector Companies Listed on the Indonesia Stock Exchange. International Journal of Economic, Business, Accounting, Agriculture Management and Sharia Administration (IJEBAS), 2(1), 19–28. https://doi.org/10.54443/ijebas.v2i1.139
Hadi, E. S., & Amzul, T. A. A. (2023). Pengaruh Current Ratio Terhadap Gross Profit Margin pada PT. Mayora Tbk. Periode 2010-2022. Jurnal Ekonomi Utama, 2(2), 138–142. https://doi.org/10.55903/juria.v2i2.62
Hariyanto, D. (2022). The Effect of Return on Assets and Return on Equity on Company Value with Dividends as Intervening Variables in Manufacturing Companies in the Basic and Chemical Industry Sectors Listed on the Indonesia Stock Exchange in 2017-2020. TechHub Journal, 2(1), 27–48. Retrieved from www.techhubresearch.com
Hawaldar, I. T., Meher, B. K., Kumari, P., & Kumar, S. (2022). "Modelling the effects of capital adequacy, credit losses, and efficiency ratio on return on assets and return on equity of banks during COVID-19 pandemic."Banks and Bank Systems, 17(1), 115–124. https://doi.org/10.21511/bbs.17(1).2022.10
Irman, M., Purwati, A. A., & Juliyanti. (2020). Analysis On The Influence Of Current Ratio, Debt to Equity Ratio and Total Asset Turnover Toward Return On Assets On The Automotive and Component Company That Has Been Registered In the Indonesia Stock Exchange Within 2011-2017, I(1), 36–44.
Iskandar, J. (2019). Implementasi Sistem Manajemen Keuangan Pendidikan, III(1), 114–123.
Iskandar Zulkarnain, Nanda Sulistiyowati, & Sjukun. (2022). The Effect of Return on Equity and Debt To Equity Ratio on Stock Prices in the Company Transportation Sub Sector Listed on the Indonesia Stock Exchange for the 2015-2019 Period. International Journal of Social Science, 1(6), 955–966. https://doi.org/10.53625/ijss.v1i6.1666
Jajuli, Sofi’i, I., & Haryadi, D. (2023). Moderation of non-performing financing on the effect of buying and selling financing on return on assets empirical study on Islamic banking in Indonesia in 2015-2020. International Journal of Applied Finance and Business Studies, 11(21), 231–238.
Kharisma, I. (2020). Pengaruh Current Ratio dan Debt To Equity Ratio terhadap Dividen Payout Ratio pada PT . Mandom Indonesia Tbk di Cibitung, (2), 82–90.
Kusmawati, Y., Pamulang, U., & Selatan, T. (2022). Pengaruh Current Ratio Dan Debt To Equity Ratio Terhadap Return On Asset Yang Berdampak Pada Dividen Payout Ratio Tahun Current Ratio Debt to Equity Ratio Retun on Asset Dividen Payout Ratio Rata-rata, 2.
Kusmawati, Y., Sunarsi, D., Sudiarto, & Dumilah, R. (2021). Pengaruh Net Profit Margin Dan Debt To Equity Ratio Terhadap Harga Saham Pada Pt. Arwana Citramulia, Tbk 1 * Yeti Kusmawati, 2 Denok Sunarsi, 3 Sudiarto, 4 Ratna Dumilah, 1.
Lase, L. P. D., Telaumbanua, A., & Harefa, A. R. (2022). Analisis Kinerja Keuangan Dengan Pendekatan Rasio Profitabilitas, 1(2), 254–260.
Mahardika, P. ., & Marbun, D. . (2016). Pengaruh Current Ratio Dan Debt To Equity Ratio Terhadap Return On Assets, 3.
Nababan, I. A., & Sutanto, H. (2022). Belawan Analisis Laporan Keuangan Laba Rugi PT . Pelindo Regional 1 Belawan Sumber : Data diolah 2022 , Laporan keuangan PT Pelindo Regional I Belawan, 3(November), 3464–3475.
Nguyen, P. N.-D., Mai, K. N., & Le, T.-H. (2023). Strategic perspectives, creativity, and financial performance in Vietnamese SMEs. Heliyon, 9(9), e20354. https://doi.org/10.1016/j.heliyon.2023.e20354
Nirawati, L., Samsudin, A., Santoso, D. R., Adjie, M. Z., Naenara, S. A., Netanya, S. A., … Bisnis, A. (2022). Analisis Rasio Keuangan dalam Mengukur Kinerja Keuangan Pada PT . Perusahaan Gas Negara ( Persero ), Tbk, 1(2), 153–166.
Parmuji, & Akbar, irfan rizka. (2021). Pengaruh Debt To Equity Ratio Terhadap Return On Asset Pada Pt. Suryo Toto Indonesia Tbk Periode 2010-2019, 1, 1–7.
Polii, J. C., Sabijono, H., & Elim, I. (2019). Analisis Laporan Arus Kas Untuk Menilai Kinerja Keuangan Pada Perusahaan Telekomunikasi Di Bursa Efek Indonesia, 7(3), 4096–4105.
Puji, T., & Taufiq, M. (2020). Analisis Laporan Keuangan Dalam Rangka Menilai Kinerja Perusahaan Pt . Telekomunikasi Indonesia Tbk ., 2(2).
Rahmah, M. N., & Komariah, E. (2016). Analisis Laporan Keuangan Dalam Menilai Kinerja Keuangan Industri Semen Yang Terdaftar Di BEI ( Studi Kasus PT Indocement Tunggal Prakarsa Tbk), 1(1), 43–58.
Roni, H. M. A. H. (2014). Pengaruh Debt To Equity Ratio ( Der ) Dan Debt To Asset Ratio ( Dar ) Terhadap Profitabilitas Yang Diukur Dengan Return On Total Assets ( Roa ) Pada Pt Energi Mega Persada Tbk Periode 2010-2014, 31–45.
Supsermpol, P., Huynh, V. N., Thajchayapong, S., & Chiadamrong, N. (2023). Predicting financial performance for listed companies in Thailand during the transition period: A class-based approach using logistic regression and random forest algorithm. Journal of Open Innovation: Technology, Market, and Complexity, 9(3), 100130. https://doi.org/10.1016/j.joitmc.2023.100130
Zaman, M. B. (2021). Influence of Debt To Total Asset Ratio ( DAR ) Current Ratio ( CR ) and Total Asset Turnover ( TATO ) on Return On Asset ( ROA ) and Its Impact on Stock Prices on Mining Companies on the Indonesia Stock Exchange in 2008-2017, 2(1), 114–132.
Zhang, W., Chen, F., Liu, E., Zhang, Y., & Li, F. (2023). How does digital inclusive finance promote the financial performance of Chinese cultural enterprises? Pacific-Basin Finance Journal, 82, 102146. https://doi.org/10.1016/j.pacfin.2023.102146
Zhang, X., Q., Dai, Z., & Zhang, X. (2023). The impact of carbon markets on the financial performance of power producers: Evidence based on China. Energy Economics, 127, 107119. https://doi.org/10.1016/j.eneco.2023.107119
Downloads
Published
How to Cite
Issue
Section
License
Copyright (c) 2024 International Journal of Applied Finance and Business Studies
This work is licensed under a Creative Commons Attribution-NonCommercial 4.0 International License.