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All Journal International Journal of Social Science, Educational, Economics, Agriculture Research, and Technology (IJSET)
Wihartari
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Agriculture, Biological Sciences & Forestry Humanities Computer Science & IT Economics, Econometrics & Finance Education

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FINANCIAL RATIO ANALYSIS AS AN INDICATOR OF INTERNAL CONTROL IN THE SALES AND COLLECTION CYCLE OF PT WIJAYA KARYA BETON TBK Wawan Andi Saputra; Wihartari; Nurariqa Ahmad; Noviyati Husnul Khatimah; Nurul Fitriani; Nur Suci Anggraeni
International Journal of Social Science, Educational, Economics, Agriculture Research and Technology (IJSET) Vol. 4 No. 11 (2025): OCTOBER
Publisher : RADJA PUBLIKA

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.54443/ijset.v4i11.1197

Abstract

The purpose of this study is to evaluate the effectiveness of internal control in the sales and receivables collection cycle of PT Wijaya Karya Beton Tbk from 2022 to 2024. This study uses a quantitative approach, namely financial ratio analysis. The main focus of the analysis lies in two indicators: the receivables turnover ratio and the average collection period (ACP). The results of the analysis show that the two ratios are very different, indicating that the company's internal control does not always work well. Internal control is considered effective in 2022 based on the results of the receivables turnover ratio and ACP. However, in 2023, there was a decrease in the receivables turnover ratio and an increase in ACP, but the receivables turnover ratio and ACP increased again in 2024. These findings indicate that the company's internal control has not been running optimally continuously. Therefore, it is necessary to improve credit policies, monitor overdue receivables, and use a more integrated accounting information system. This research provides theoretical benefits for management accounting studies and is also useful for companies in designing more effective receivables management strategies, so as to maintain the company's liquidity and business continuity.
COMPARATIVE ANALYSIS OF PT DHARMA POLIMETAL TBK'S FINANCIAL PERFORMANCE BEFORE AND AFTER THE ACQUISITION OF PT TRIMITRA CHITRAHASTA: A STUDY ON LIQUIDITY, LEVERAGE, AND PROFITABILITY RATIOS (2022-2024) Wawan Andi Saputra; Wihartari; Noviyati Husnul Khatimah; Nurariqa Ahmad; Nurul Fitriani; Nur Suci Anggraeni
International Journal of Social Science, Educational, Economics, Agriculture Research and Technology (IJSET) Vol. 4 No. 12 (2025): NOVEMBER
Publisher : RADJA PUBLIKA

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.54443/ijset.v4i12.1336

Abstract

This study aims to analyze the differences in the financial performance of PT Dharma Polimetal Tbk before and after the acquisition of PT Trimitra Chitrahasta, which was carried out in 2022. The analysis focuses on three main financial ratios: liquidity (Current Ratio), leverage (Debt to Equity Ratio/DER), and profitability (Return on Assets/ROA). The research method used is descriptive quantitative with a comparative approach, where data is obtained from the company's annual financial statements for the period 2022–2024 published by the Indonesia Stock Exchange (IDX). The analysis technique is carried out by comparing the ratio values ​​before and after the acquisition to assess changes in the company's financial performance. The results show that after the acquisition, PT Dharma Polimetal Tbk experienced a significant increase in the liquidity ratio and a decrease in the leverage ratio, reflecting the company's improved ability to meet short-term obligations and healthier capital structure management. However, the profitability ratio (ROA) shows fluctuations with a downward trend in the last year, indicating that the effectiveness of asset utilization in generating profits is not yet fully optimal. Overall, the acquisition of PT Trimitra Chitrahasta has a positive impact on the financial stability of PT Dharma Polimetal Tbk, although its profitability requires improvement through asset optimization and operational efficiency.
Co-Authors Noviyati Husnul Khatimah Nur Suci Anggraeni Nurariqa Ahmad Nurul Fitriani Wawan Andi Saputra