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Journal : Maaliyah

Impact of Financial Ratios on Strategic Investment Decisions: A Case Study of Petronas and Sapura Energy Kamilah, Athia Nur; Fauziyah, Nur; Rinaima , Chetrine Alya; Utari , Septi
Maaliyah: Journal of Islamic Economic Law and Islamic Finance Vol. 1 No. 2 (2025): Maaliyah: Journal of Islamic Economic Law and Islamic Finance
Publisher : Universitas Darunnajah

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.61159/maaliyah.v1i2.639

Abstract

The use of financial ratio analysis as a decision-making tool is widely recognized. However, there is limited comparative research examining how such analysis influences investment assessment and strategic implications between financially stable and distressed companies in the same industry. This study aims to address that gap by evaluating and comparing the financial performance of Petroliam Nasional Berhad (PETRONAS) and Sapura Energy Berhad. A quantitative research method was employed, using profitability, liquidity, leverage, and investment valuation ratios derived from the companies’ annual financial statements. The results reveal a stark contrast between the two entities: PETRONAS exhibits strong profitability, high liquidity, balanced leverage, and favorable investment valuation, reflecting its resilience and capacity for sustainable growth. In contrast, Sapura Energy shows negative profitability, critical liquidity shortages, excessive leverage, and unfavorable investment valuation, indicating severe financial distress. These findings contribute to a better understanding of how financial health impacts strategic positioning and investment attractiveness in the energy sector. The study offers practical insights for investors, policymakers, and corporate managers in designing targeted strategies, such as energy transition initiatives and risk mitigation measures, to enhance competitiveness and long-term sustainability.
Co-Authors Achmad Fanani Adhimah, Olivia Khufyatul Agustin, Firnanda Shofiyah Ahmad Fadholi, Ahmad Akbar, Adryanto Zaidan Akib, Irwan Alir, Bening Tirta Alriansyah, Andrey Amalia, Adila Anam, Ainul Andi Rahmad Rahim Andriani, Nur Lisa Anisa Putri Ansari, Isa Ardies, Annisaq Arlina Aslikhatin Athia Nur Kamilah Azhari, Alya Bambang Sumardjoko Banuvita, Rellive Enka Bugov, Dobrin Tsvetanov Cici Nurlia Hani Darmayanti, Diva Laila Ika Elis Puspitasari Emi Sutrisminah Enka Banufita, Rellieve Eva Supriatin, Eva Fatimah Azzahra Fatimatul Khikmiyah Fiantika, Feny Rita Firmansyah, A Ferdy Fitri, Rati Saktia Gandini, Sri Hakim, Lukman El Hammada, Zahra Imama Hasibuan, Siti Hajar Hayati, Suci Noor Henny Dwi Bhakti Hidayanti Qurani, Risca Husniati, Andi Indra Gita Anugrah Irwani Zawawi Ismail Marzuki Jamil, Erfina Jazilah, Ferina Vetty Kamilah, Athia Nur Karuniawati, Elmi Khaniful Umam, Muhammad Khasanah, Nur Putri Khoirunnisa, Sindi Rahma Khurin’in, Khurin’in Kristiawati Kristiawati Kundarwati, Asih Tri Kurnia, Safira Dewi Lan, Junhao Lestari, Sri Ayu Ma’rifah, Ulfatul Machrus, Wike Septia Martiningsih, Raden Roro meiranny, arum Na'imah, Lailatun Nainggolan, Muhammad Afrizal Najiyah, Farihatun Neliwati Nikmah, Siti Maghfirotun Ningrum, Syadiyah Dwi Nirwanto Maruf Nisa, Aulia Khoirun Nourma Yunita Nur Alimah, Nur Nur Hidayah Nurdiana, Wahyu Anita Oktafera, Annisa Panca Iswandiary, M. Bagus Paula Mariana Kustiawan Permatasari, Afifah Rani Pramudito, M. Shandy Prabowo Pramudito, Muhammad Shandy Pratama, Chandra Ekki Prayitno, Sunyoto Hadi Pujiono, Bagong Putra, Zuhadur Ra'is Ariyono Putri, Adistya Amelia Nirmala Putri, Leni Alifa Qowiyuddin, M Qozaemah, Siti Rahayu, Putri Maymuhamna Rahayu, Putri Maymuhamnah Rahmad Jumadi Rahmadhani, Annisa Dwi Rifai Lubis, Rahmat Rinaima , Chetrine Alya Rishmawati, Berliana Wahyu Rivai, Abdur Romadhon, Wahyu Agung Mustikaning Roziana Ainul Hidayati Salamiah . Salsabila, Adela Nur Afida Sari, Arissona Dia Indah Sari, Endah Sari, Nur Novita Sartika, Putri Dwi sarwo edy Setiawati, Putiksari Setiyawan, Ahmad Heri Setya Nugraha, Arya Simamora, Khairul Huda Siti Nur Hidayah, Siti Nur Slamet Asari Sri Suryanti Sugiharnik, Miftahul Sukaris Syahril, Dion Syaiful Huda Triyono, Mokhamad Tumanggor, Rahmayanti Usman, Muhammad Rizal Utami, Laras Utari , Septi Wahyunita, Elsa Nur Wili Astuti Wu, Yingzi Wulan Sari, Rika Wulansari, Indah Yastri, Yastri Yuliawati, Fatimah Nur Yusa, Ali Yusak, Ali