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Journal : Social

Analysis of the Effect of Financial Ratios on Financial Performance at PT PLN (Persero) Desliyadi, Zahra Ramadhania; Mareta, Sigit; Lestari; Doktoralina, Caturida Meiwanto; Sulistiyowati, Rini
Social and Economic Bulletin Vol. 2 No. 1 (2025): SEBI Journal January 2025
Publisher : Baca Dulu Publisher

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.70550/sebi.v2i1.191

Abstract

This study aims to analyze the effect of financial ratios on the financial performance of PT. PLN (Persero) during the 2010–2024 period using semiannual data. The financial ratios examined include Liquidity (Quick Ratio), Solvency (Debt to Equity Ratio), Activity (Receivable Turnover), and Profitability (Return on Equity). The company’s financial performance is proxied by Return on Assets (ROA). A quantitative approach is applied using secondary data obtained from PT. PLN (Persero)’s financial reports, analyzed with multiple linear regression using Eviews 12 software. The results show that simultaneously, the four financial ratios significantly affect ROA. Partially, only Receivable Turnover and Return on Equity have a positive and significant effect on financial performance, while Quick Ratio and Debt to Equity Ratio show no significant influence. These findings indicate that the efficiency of receivables management and the utilization of equity capital play a dominant role in improving the financial performance of PT. PLN (Persero).
Co-Authors Achmad Maftuh Sujana Adam Saleh Afifa Nadiratun Najjah Ahmad Sidik Pramono Anirotun Nisa Annis Alfaina Ari Susanti Arif Wicaksono Asmirani Alam Asnifa, Siti Asri Nugrahanti Asri Nugrahanti, Asri Atty Erdiana Bambang Santoso C.M. Doktoralina Christy Paramitha Defa Rizky Pratama Dennisa Yuniaslihah Desliyadi, Zahra Ramadhania Dina Yusdiana Dalimunthe Diyan Lestari Doktoralina, Caturida Meiwanto Dwi Ramadanti Dwi Suryahartati Eka Putri, Luthfia Eko Wahyuni, Dwi Ella Amanda Putri Engrith G Leunupun Farid Firdaus, Muhammad Fatimah Kamaruddin, Sitti Fauzan A. Sangadji Ferdian, Muhammad Fiqih Ferra Hendrawati fira, Safira Azzahra Fitri Novia Fitriyani Harianja, Paul Harmoko Hendra Wibawa Hilmi, Masdar Husni Waskito Hutagalung, Endang Romauli Amen Imam Solehudin Irwandi Ismail Joosten Joosten Juli Resdianto Juliana Juni Erpida Nasution Kadarusman, Sunarto Kartini, Rachmi Kharisma Widiyarti Kurniati, Ratnah Lusiana Ari Tri Wardani M. Mustaqim Madubun, Fenty Madelin Malawi, Ibadullah Mareta, Sigit Maskur Masyitah Noviyanti Muflihanah Muhamad Wildan Septiana Muhammad Fakhrizal Muhammad Khoirul Imam Muhammad Nurhamsyah Muhammad Ridha Alhamdani Muhammad Robi Purwanto Muhsinin, Muhammad Muli Prima Aldi M Mutisari, Dewi Muttaqin, Ridwan Maf'ul Neneng Desi Susanti Nurhamsyah, Muhammad Nurhamsyah O'i Prasesti Ofan Satria Pandu Winata, Bayu Peri Irawan Peter A.M.A. Christsetyo Puri Wijayanti, Puri Purwanta Puspa Indah Hayati Putra Panjalu Putri Caesar, Athifa Rachmanita Rachmi Kartini Rahma Jan Raisma Nadhifa Rani Ramadina Ranita Puspita Sari Rasyidi Reiwuty, Jafrandi J. Reni Ramadhina Rina Setyaningsih Rini Sulistiyowati Rudiyono Safira Azzahra fira Samura, Lisa Sastra, Felia Gracia Selin Sigit Mareta Sigit Mareta Sigit Sugiarto Silvia Zunita Sintia Dewi Solihuddin Harahap Sudarmiani Sulistyawati, Hermin Supadi, Ari Suryaningrum, Sumarah Syaiful Muazir Tambunan, Ucok Prima Tapaul Rozi Tika Mandasari Triwibowo, Cecep Triwibowo Widiana, Ilvi Nur Wihardjo, Lukas Wijanti, Puri Windarto Windarto Yolanda Apriliani