Claim Missing Document
Check
Articles

Found 1 Documents
Search

Analysis of Liquidity Ratios and Profitability Ratios in Assessing the Financial Performance of PT. Astra International Tbk for the Period 2021 - 2024 I Gusti Agung Dewi Adnya Paramita; R. Tri Priyono Budi Santoso; I Made Darmayasa
JAKADARA: JURNAL EKONOMIKA, BISNIS, DAN HUMANIORA Vol. 5 No. 2 (2026): JAKADARA: JURNAL EKONOMIKA, BISINIS, DAN HUMANIORA
Publisher : LPPM Universitas Dhyana Pura

Show Abstract | Download Original | Original Source | Check in Google Scholar

Abstract

This research aims to assess the financial performance of PT Astra International Tbk over the 2021–2024 period by employing liquidity and profitability ratio analysis. Adopting a descriptive quantitative research design, this study utilizes secondary data obtained from the company’s audited annual financial statements as published on the Indonesia Stock Exchange. Data collection was conducted through a documentation method, while financial performance was evaluated using standardized liquidity and profitability ratio computations. The empirical findings reveal that the company’s liquidity position consistently fell within the “good” category, signifying a strong capability to meet short-term liabilities. Profitability ratios exhibited a consistent upward trajectory, achieving a “very good” and competitive classification, thereby indicating the firm’s operational efficiency in generating optimal returns from its revenue streams. The overall stability and upward trend in financial performance reflect the successful implementation of financial and operational strategies, particularly in mitigating the economic impact of the COVID-19 pandemic. The study concludes that PT Astra International Tbk has effectively maintained financial soundness and achieved sustainable growth through prudent management practices. For future studies, it is recommended to broaden the analytical scope by incorporating solvency and activity ratios, as well as conducting comparative analyses with industry peers to develop a more comprehensive evaluation of corporate financial performance.