Analysis of Financial Ratio to Measure Financial Performance PT Nippon Indosari Corpindo, Tbk

Daniel Marco Hutabarat (Fakultas Ekonomi, Universitas Negeri Medan)
Matthew Alessandro Sianipar (Fakultas Ekonomi, Universitas Negeri Medan)
Sutan Maulana (Fakultas Ekonomi, Universitas Negeri Medan)
Yeftika Mutiara Sianturi (Fakultas Ekonomi, Universitas Negeri Medan)

Asian Journal of Management Analytics
Vol. 2 No. 2 (2023): April 2023

In order to get a picture of the profitability of a company by using financial ratios as a measuring tool, this research was conducted to analyze the profitability of PT Nippon Indosari Corpindo, Tbk., from 2019–2022. The data analysis method used is a descriptive method with a quantitative approach using secondary data. The research results based on the results of financial ratio analysis show that the liquidity ratio is above the industry standard, which indicates a good condition. The debt-to-asset ratio has decreased, so the solvency ratio is in fairly good condition. The activity ratio has increased substantially in 2022. The company experienced a net loss, so the profitability ratio has decreased.