Asriadhi, Sandy
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Analysis of Financial Performance of Cigarette Companies Listed on the Indonesia Stock Exchange for the 2018-2022 Period Sumarni. S; R, Baso; Asriadhi, Sandy
FORUM EKONOMI: Jurnal Ekonomi, Manajemen dan Akuntansi Vol. 26 No. 2 (2024): April
Publisher : Fakultas Ekonomi dan Bisnis Universitas Mulawarman

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.30872/jfor.v26i2.15628

Abstract

This study aims to analyze the financial performance of the cigarette company PT. Gudang Garam Tbk, PT. Hanjaya Mandala Sampoerna Tbk, PT. Indonesian Tobacco Tbk, PT. Bentoel Internasional Investama Tbk, and PT. Wismilak Inti Makmur Tbk which is listed on the Indonesia Stock Exchange in 2018-2022. Using quantitative descriptive methods. Theresults of the study show that PT. Hanjaya Mandala Sampoerna Tbk and PT. Wismilak Inti Makmur Tbk has high liquidity, while PT. Gudang Garam Tbk has a high current ratio but a low quick ratio. Based on the solvency analysis of PT. Gudang Garam Tbk and PT. Wismilak Inti Makmur Tbk has a good performance, while PT. Hanjaya Mandala Sampoerna Tbk, PT. Bontoel Internasional Investama Tbk, and PT. Indonesian Tobacco Tbk tends to have a high debt ratio. PT. Hanjaya Mandala Sampoerna Tbk has efficiency in the use of assets and fast inventory turnover in contrast to PT. Bontoel Internasional Investama Tbk highlighted the rapid inventory turnover but has not been efficient in the use of assets. Meanwhile, PT. Gudang Garam Tbk, PT. Indonesian Tobacco Tbk, PT. Wismilak Inti Makmur showed poor performance of activities. Judging from profitability, it shows that the ROA and ROE of cigarette companies have not reached optimal levels or are in poor condition
Analisis Kinerja Keuangan Perusahaan Rokok yang Terdaftar di Bursa Efek Indonesia Periode 2018-2022 Sumarni. S; Baso R; Asriadhi, Sandy
FORUM EKONOMI: Jurnal Ekonomi, Manajemen dan Akuntansi Vol. 26 No. 3 (2024): Juli
Publisher : Fakultas Ekonomi dan Bisnis Universitas Mulawarman

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.30872/jfor.v26i3.15670

Abstract

Penelitian ini bertujuan untuk menganalisis kinerja keuangan perusahaan rokok PT. Gudang Garam Tbk, PT. Hanjaya Mandala Sampoerna Tbk, PT. Indonesian Tobacco Tbk, PT. Bentoel Internasional Investama Tbk, dan PT. Wismilak Inti Makmur Tbk yang terdaftar di bursa efek indonesia tahun 2018-2022. Menggunakan metode deskriptif kuantitatif. Hasil penelitian menunjukkan bahwa PT. Hanjaya Mandala Sampoerna Tbk dan PT. Wismilak Inti Makmur Tbk memiliki likuiditas tinggi, sementara PT. Gudang Garam Tbk memiliki current ratio tinggi namun quick ratio rendah. Berdasarkan analisis solvabilitas PT. Gudang Garam Tbk dan PT. Wismilak Inti Makmur Tbk memiliki kinerja baik, sedangkan PT. Hanjaya Mandala Sampoerna Tbk, PT. Bontoel Internasional Investama Tbk, dan PT. Indonesian Tobacco Tbk cenderung memiliki debt ratio tinggi. PT. Hanjaya Mandala Sampoerna Tbk telah efisiensi dalam penggunaan aset dan perputaran persediaan cepat berbeda dengan PT. Bontoel Internasional Investama Tbk menonjolkan perputaran persediaan yang cepat tetapi belum efisien dalam penggunaan aset. Sementara PT. Gudang Garam Tbk, PT. Indonesian Tobacco Tbk, PT. Wismilak Inti Makmur menunjukkan kinerja aktivitas yang kurang baik