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Time Series And Cross-Section Analysis On The Financial Performance Of PT Matahari And PT ACE Hardware For The 2021–2024 Period Maslina Samosir; Maria Kalista Lambo; Cholis Hidayati
International Journal of Economics and Development Vol. 1 No. 2 (2025): Vol 1 No 2 December 2025
Publisher : Ponpes As-Salafiyyah Asy-Syafi'iyyah

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.71305/ijed.v1i2.1482

Abstract

This study aims to analyze and compare the financial performance of PT Matahari Department Store Tbk and PT ACE Hardware Indonesia Tbk during the 2021–2024 period. The approach used is quantitative with a type of comparative research, using secondary data in the form of financial ratios sourced from the financial statement analysis documents of each company. The analysis was carried out through the time series method to see the development of performance from year to year and the cross-section method to compare the performance of the two companies in the same period. The financial ratios analyzed include liquidity, activity, solvency, and profitability ratios. The results of the study show that PT Matahari is experiencing great pressure on liquidity and solvency aspects which are characterized by negative net working capital and a very high level of debt dependence due to a decrease in equity. The efficiency of PT Matahari's asset utilization shows improvement, but this condition has not been able to cover the financial risks faced. PT ACE Hardware showed a more stable financial performance with consistent profit and equity growth, a strong capital structure, and maintained profitability. The results of the comparison show that PT ACE Hardware has a healthier and more sustainable financial performance than PT Matahari during the study period. This research is expected to be a reference for company management, investors, and academics in assessing the financial health of retail companies in Indonesia.
Comparative Time Series Analysis of Shopee, Erajaya, and Kreatif Media Jaya Companies, 2021–2024 Sirilia S. J Ruben; Christian Hadinata hodianto; Marlinda Ina; Cholis Hidayati
Socio-Economic and Humanistic Aspects for Township and Industry Vol. 3 No. 4 (2025): Socio-Economic and Humanistic Aspects for Township and Industry
Publisher : Tinta Emas Institute

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.59535/sehati.v3i4.614

Abstract

This research was conducted to compare time series data with the aim of understanding developments, patterns, and changes occurring within a given observation period. The analysis included observations of short-term and long-term trends, seasonal patterns, and the level of data volatility over time. The research data came from secondary sources and was analyzed using a quantitative statistical approach to identify differences in characteristics between the objects studied. The analysis results indicate that each object has a distinct growth pattern and level of fluctuation, influenced by various internal and external factors. The time series approach also allows for the identification of performance consistency and changes in data structure over the study period. Therefore, the results of this research can be used as a basis for future performance evaluation, planning, and forecasting.
Comparative Analysis of Time Series Trends in the Financial Performance of the Food Industry at Campina Ice Cream Industry, Ultrajaya Milk Industry, Diamond Food Indonesia, and Garudafood Putra Putri Jaya for the Period 2021–2024 Daariin Dewi Nabiilah; Nur Imroatus Sholikah; Adinda Nibros Zahira Fasya; Kemberly Susana Kambuaya; Cholis Hidayati
Socio-Economic and Humanistic Aspects for Township and Industry Vol. 3 No. 4 (2025): Socio-Economic and Humanistic Aspects for Township and Industry
Publisher : Tinta Emas Institute

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.59535/sehati.v3i4.615

Abstract

This study aims to analyze and compare the financial performance of food and beverage companies listed on the Indonesia Stock Exchange using time series and cross section approaches. The research examines PT Campina Ice Cream Industry Tbk, PT Ultrajaya Milk Industry Tbk, PT Diamond Food Indonesia Tbk, and PT Garudafood Putra Putri Jaya Tbk during the 2021–2024 period. A quantitative descriptive-comparative method is applied using secondary data from audited annual financial statements. Financial performance is assessed through liquidity, activity, solvency, and profitability ratios. The results indicate that PT Campina Ice Cream Industry Tbk shows the strongest liquidity and stable profitability, while PT Ultrajaya Milk Industry Tbk records the highest profit margin despite ratio fluctuations. PT Diamond Food Indonesia Tbk demonstrates moderate and stable performance, while PT Garudafood Putra Putri Jaya Tbk excels in asset utilization and interest coverage. Overall, the analysis reveals differences in financial strengths and weaknesses that reflect each company's competitive position within the food and beverage industry.
Co-Authors Adelia Febriana Adhyasta Cakra Whisnu Arsyana Adinda Nibros Zahira Fasya Ahmad Qois Ajeng Rossantika Sari Aliatus Nurrochmah Alinda Dwi Jofanka Allesia Putri Wijaya Sutikno Allysia Safira P. P Amelia Vega Buana Anisa Lailatul Nikmah Annisa Rahma Qur’aini Argaleka Ayu Candraningsih Astri Ayu Pramesti Ayu Asari Baity Nur Fadila Cailah Nasywa Afrila Celine Amanda Sarifatul Sabrina Christian Hadinata Hodianto Cindy Rahmawati Daariin Dewi Nabiilah Desfi Dwi Sulistyana Desinta Leba Devi Alita Solehsi Diah Indri Anggriyanti Diana Indah Sri Lestari P. A Dicky Satria Ananta Haqq Dwi Dita Ratnasari Elmiano A. E. Erong Erinda Aprilia Puspitasari Fara Brygita Ramadhani Febi Theresia Imanuel Febrianti Novita Fernianda Wahyu Ramadanthy Fillah Ardhi Fitri Sulistiyana Hanum Cheffi A Intan Pandini Ira Kusuma Wardhani Irma Nur Fadlia Joanne Intania Rut Simunapendi Josephine Elliska Dinata Kemberly Susana Kambuaya Krisogonus A. Seleman Kristiana Greta Calosa Kusnul Kotimah Kustiwi, Irda Agustin Lisa Lavenia Maftuhin Agung Prasetia Marcella Aulia Jayadi Maria Dinda A Maria Kalista Lambo Marlinda Ina Maslina Samosir Maulana Ikhrom Ababil Mei Liana Rofilia Sari Moch Iqbal Romadhan Mochammad Arifin Mochammad Nuruddin R Muhammad Indra Wardana Muhammad Nabil Fatwa Mukhamad Sholikudin Nadia Fransiska Dewi Nia Nur Yanti Agustin Nilam Noer Faizah Nur Fitroten Dian Sari Nur Imroatus Sholikah Patricia Channelia Wea Paulino da Costa Ferreira Putri Rahayu Rafa Syahrul Amrulloh Rafi Adyatma Reginata Saharany Kustanti Reinatto Yakobus Pati Agon Atakelan Richa Nor Syafitri Riska Septi Ariani Rista Intan Permatasari Rr Adzkia Larasati Meyrizky Salsabila Maulidya Supriadi Bahrim Selfya Rusdyanti Dewi Septiana Rozzi Rahmawati Shofiatus Sa’diyah Sirilia S. J Ruben Siti Ambar Mukti Puji Lestari SITI NURUL HIDAYATI Stefani Sindita Sari Sudarynianto NS Sukma Asri Uci Oktavia Veronika Christine Mevelia Via Wahyuningtyas Yohana Natalia Fransiska Yuli Meliana Yunia Six Putri Hermanto