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Analisis Laporan Keuangan PT Gudang Garam Tbk Ega Ari Lesmana; Arditya Devrian Albar; Sri Hermuningsih
JURNAL ILMIAH EKONOMI DAN MANAJEMEN Vol. 4 No. 6 (2026): JUNI
Publisher : CV. KAMPUS AKADEMIK PUBLISING

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.61722/jiem.v4i6.10589

Abstract

Abstract: This study aims to evaluate the financial performance of PT Gudang Garam Tbk for the 2024–2025 period using a descriptive quantitative method, focusing on the analysis of liquidity, activity, solvency, and profitability ratios based on industry standards as defined by Kasmir (2019). The results indicate that the company demonstrates a high level of resilience, characterized by a very healthy liquidity position with a current ratio of 3.68 times and a highly effective debt collection policy averaging 8 days. Although inventory turnover requires 151 days due to the technical characteristics of the tobacco industry, the company successfully minimized financial risk significantly, with the Debt-to-Equity Ratio (DER) decreasing to 20.27% and the Debt-to-Asset Ratio (DAR) to 16.85%. Regarding profitability, despite a 9.4% contraction in sales volume, aggressive operational cost efficiency strategies managed to drive a 59% surge in net profit, subsequently increasing the Return on Assets (ROA) to 2.07% and Return on Equity (ROE) to 2.49%. The study concludes that the management has successfully optimized assets and strengthened its capital structure independently; therefore, it is recommended to pursue strategic investment diversification to leverage the strong cash position for future business sustainability.
Co-Authors Addo Ryandana Adi Wijaya Adi Wijaya Agus Dwi Cahya Agustine, Aurel Agustinus Eko Susetyo Ahmad Ahmad Ahmad Baiza Alamsurya Kubara Endriharto Alfiatul Maulida Alfiatul Maulida Alfiatul Maulida Alfiatul Maulida Alfiatul Maulida Alfiatul Maulida Alfiatul Maulida Alfiatul Maulida Alfiatul Maulida, Alfiatul Alfiatul   Maulida Alfonsus Vianey Nara Uran Ali Djamhuri Ananto Dwi Antoro Anggita Putri Rachmawati Anggita Putri Rachmawati Anisa Nurul Hidayah Anissa Dewi Rahmawati Anisya Dewi Rahmawati Anisya Dewi Rahmawati Anisya Dewi Rahmawati Anisya Dewi Rahmawati Anisya Dewi Rahmawati Anna Sulistyawati Anom Rinumpaka Arafah, Riqif Arditya Devrian Albar Ari Andri Wibowo Ariandini, Athir Arief Mujiono arief Arif Fadlilah Armando Lahura Arum Narwita Sari Asa, Maria Ekardis Aslam, Prima Siwi Asmarysa Pangestytyca Aurel Priastyca Permata Agustine Ayu Dewi Bekti widanta Benu, Fransince Burhan Marwanto Cahya Fitriana Cahyono, Harry Cakra Wibawa Khoiril Fadli Chandra Dewi, Ardianary Chersilou Chersilou Choirul Latifah, Riska Cindy Astuti Damanik, Johanes Maysan Damanik, Johannes Maysan Dana Refiani Nurazizah Darliani, Darliani desi eka ardiani Devi Dean Ayu Wardhany Devi Dean Wardhany Dewi Anjani Dewi Kusuma Wardani Diah Lestari Mumpuni Dian   Melsa Irawati Dicky Hidayat dita erdiya ningsih Dody Shinto Prabowo Dus Reis Doa, Ajita Da Silva Dwiningsih Dwiningsih Dyah Arumsari Cahyaningsih Edi Nugroho Ega Ari Lesmana Eko Agus Setiawan Eko Agus Setiawan Elia Sundari Endhi Hermina Ayu Ersi Elisabet Ersi, Elisabet - Erwin Hanggoro Agung Nugroho Eva Listyarini Evi Zulfiah Faisal, Bagus Fanda Savestra Farom, Sogun Al Febriana Kresna sari Febriana, Puspa Eka Ayu Femelia Yovita Bita Fetikasari Ardiyanti Findia Idamazari Fitri Rahayu A Franky Putra Fuadhillah Kirana Putri Galih Abi Nugroho Galih Gerranda Ramadhani Gendro Wiyono Gendro Wiyono Gerri Sarwo Edi, Akhmad Giska Ariya Sanggita Guterres Riu, Julinha Betty Habibie Hadi Purnomo Haerunnisah, Haerunnisah Halimah Trisayuni Hanita Yuniati Harnandito Paramadharma, Harnandito Harta Daya, Viviana Oktaviani Hartanti, Wenti Hartono, M. 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