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Journal : Al Tijarah

Assessment Of Financial Performance At PT Kimia Farma Tbk With A Financial Ratio Approach For The Years 2022-2023 Ilham, Ahmad; Wulan Cahya Ningrum; Erwin Budianto
Al Tijarah Vol. 11 No. 1 (2025): Al Tijarah l June
Publisher : University of Darussalam Gontor

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.21111/at.v11i1.14259

Abstract

The pharmaceutical industry plays an important role in the healthcare sector, but financial challenges can hinder its sustainability. PT Kimia Farma Tbk experienced a decline in financial performance, characterized by increasing losses and dependence on debt. This study aims to analyze the company's financial performance in 2022-2023 using profitability, liquidity, solvency, and activity ratios. The method used is descriptive quantitative analysis based on the company's financial statements. The results showed negative profitability, with declining ROA and ROE, low liquidity with Current Ratio and Cash Ratio below industry standards, and increasing DAR and DER, reflecting high dependence on debt. These results confirm the need for asset optimization strategies and operational efficiency. Further studies can explore the influence of external factors on the company's financial performance.Financial Performance, ROA, ROE, Current Ratio, Cash Ratio, DAR, DER, WCTO, TATO.
Co-Authors A. Khoirul Anam A. Octamaya Tenri Awaru Abdollahi, Jafar Abdul Nizar Adi Nugroho Adilla, Nia Adinullhaq, Juyus Muhammad Adzim, Rahmad Hidayat Nur Agatra, Denaya Ferrari Noval Ahmad Ahmad Farhan, Ahmad Ahyana, Afan Arga Aini, Isna Nur Akhmad Fathurohman Akhmad Fathurrohman Al Malik, M. Warisa Alfiana, Elsa Wahyu Amal Witonohadi Amylia, Aura Anam, A Khoirul Andi Aco Agus, Andi Aco Andrian, Fiki Anggana, Muhammad Wahyu April Liana, Dhewi Apriliah, Mifta Apriyanto, Riki Ardhani, Yevi Alviatul Ariyanto, Nova Badrut Tamam Bahari Putra, Fajar Rahardika Bayu Kristianto Cornella, Barisma Ami Dewi Citrawati Dhendra Marutho Disma, Amanda Fatma Putri Dwi Setia Anugrah, Muhamad Fadli Emelia Sari Erwin Budianto Estuhono, Estuhono Fadilatul Fajriyah, Rizqi Febrianto Febrianto, Febrianto Firmasyah, Teguh Habyba, Anik Nur Herlyana, Yuniar Iveline Anne Marie Kahar, Muhammad Syahrul Kahayani, Zahra Kamaruddin, Syamsu A Khatimah, Andi Weyana Nurul Khomsiana, Yeni Aqnes Khumairah, Tuffahati Sahna Khusna, Meisya Maulida Kindarto, Asdani Koli, Yulenni Bandora Kurnia, Janu Yogi Lorenza, Diana Lukman Assaffat Luqman Assaffat Mahaputra, Wahyu Maharani, Anisya Matnin Maulida, Nur Khilya Miftah Arifin Muhamad, Farezki Muhammad Firmansyah, Muhammad Muhammad Munsarif Muhammad Rizki Setyawan Muhammad Sam'an Muhammad Taufiqurrahman, Muhammad Munsarif, Muhammad Muza'in, Muhammad Muzayyanah, Ulfatul Elsa Nabila, Shadrina Putri Najamuddin Najamuddin, Najamuddin Natalia, Devitri Ni'am, Falahun Novia, Syakila Ana Sajidah Putri Noviandi Noviandi, Noviandi Nur, Muhammad Adiv Anas Nurmantoro, Irvan Parwadi Moengin Putra, Fajar Rahardika Bahari Putri, Berliana Qori’nurrahman, Faqihana Ananda Ramadhani, Arfido Ramadhani, Rima Dias Ramea Astri, Tita Riadi, Dayun Riski Amaliah, Riski Rizki Jayanti, Dian Ruyasnyah, Muhammad Agustian Safuan Safuan Sam’an, Muhammad Sangadji, Zulkarnain Saputra, Irwansyah Saputra, Tegar Sasmita, Nanda Yulia Setia Iriyanto Setianama, Mamur Setyaningsih, Ayu Sholakhudin, Akhmad Sundari Sundari Suradi Suradi Suryana, Yunita Friscilia Suseno, Dimas Adi Sutarno Sutarno Syafitiri, Urzha Dian Syaifani, M. Amin Trianita, Nisa Adelia Ulfa, Helya Cholifatul Ulinuha, Mohammad Ulum Firmansyah, Adibul Umam, Hoirul Wulan Cahya Ningrum