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Journal : jimek

Analisis Rasio Aktivitas untuk Menilai Kinerja Keuangan pada PT. Vale Indonesia Tbk Periode 2022-2024 Yurlin Sore; Ananda Audri; Gita Melani; Munawir Munawir; Muhammad Haekal Yunus
Jurnal Ilmu Manajemen, Ekonomi dan Kewirausahaan Vol. 5 No. 3 (2025): November: Jurnal Ilmu Manajemen, Ekonomi dan Kewirausahaan (JIMEK)
Publisher : Lembaga Pengembangan Kinerja Dosen

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.55606/jimek.v5i3.8181

Abstract

This study aimed to examine the financial performance of PT Vale Indonesia Tbk during the 2022–2024 period using an activity ratio analysis approach. The research method used was quantitative, with data sourced from the annual financial reports officially published on the Indonesia Stock Exchange. The analysis process utilized four main indicators: Receivable Turnover (RTO), Working Capital Turnover (WCTO), Fixed Assets Turnover (FATO), and Total Assets Turnover (TATO). These four ratios were chosen because they provide an overview of the company's effectiveness in utilizing assets and working capital to support sales activities. The results of the study indicate that PT Vale Indonesia Tbk's financial performance remains relatively poor, as all activity ratios tend to be below applicable industry standards. Although there was a slight increase in the RTO ratio, overall, this increase was not significant enough to indicate performance improvement. Management of receivables, working capital, fixed assets, and total assets remains suboptimal, resulting in a very limited contribution to sales growth. These findings confirm that low activity ratios can be used as an indicator of a company's weak effectiveness in utilizing its resources. Therefore, more targeted managerial improvement steps are needed, such as strengthening receivables management policies, increasing the efficiency of asset use, and implementing working capital optimization strategies so that the company's financial performance can improve in the future.
Co-Authors Abdullah Abdullah Adam adwiah, Radiatul Agis Zaskya Alvira, Alvira Amanda Putri Ananda Audri Anggasari, I Gusti Ayu Wulan Anggreani, Andi Dewi Arnal, Arnal Aulia Utami Bakhtiar Bakhtiar Bakhtiar Bakhtiar Baktiar Baktiar Basir Basir Clara, Cyndi Cornelius Timang Devia Septyani Devia Septyani Dharmayanti, Shasy Elisa Pamuso Eliyana Eliyana Erwina Erwina, Erwina Femi Fransiska Asriani Samma Gita Melani Hadira Hajar Haswat Icha Pakinja Indah, Cahaya Indratno, Sapto Wahyu Indriani, Angelika Julyarman, Nasrun Jummawati , Jummawati Kalsey Destianola MS Khaerana Khaerana Lisa Yanti, Lisa Litania Kasim Lorwens, Fhirna Angelich Christy Lubis, Nazwa Magfirah Magfirah Mahfudnurnajamuddin, Mahfudnurnajamuddin Malak, Irmiati Mamisa, Yuli Yana Marshal Mega Fatimah Rosana Meliani, Meliani Muh. Ardiansyah Muh. Syukri Muh. Zadly Syahdi Muhammad Isnaini Faizal Muhammad Tafsir Munawir Munawir Munawir Munawir Munawir Mustika Mustika N. Nasruddin Nadia Nadia Ni Kadek Dwi Adnyani Ni Komang Septia Noriska Ni Komang Septia Noriska Nia Bonggakarua Ningsi, Arsy Widya Nurfatimah Azzahra Baso Nurhikma, Nurhikma Nurjannah Nurjannah Nurjannah Nurjannah Nurwijayanti P, Futri Regina Padandi, Yulpa Pongtiku, Dely Puput Puput Rafiqah Asaff Rafiqah Asaff Ratna Dewi Renaldi Renaldi Reni, Nelviana Rindiantika Rindiantika Rindiantika Rosyalinda, Rosyalinda Ruslan Mahfuddin Rut, Rut Sarti Enne Sri Hartati Sri Hartati Sulistianingsi, Riri Sura, Sridika Suryati Syahdi , Muh. Zadli Tonapa, Fhiona Imelia Tria Ramadani Urfatima Azzahra Baso Wulan Anugriani Pradina Yunita Desnita Hasbar Yurlin Sore Yuyanti , Yuyanti Zainuddin, Ahmad Fuad