Analyzing Financial Ratios as Indicators to Measure Financial Performance at PT. Industri Jamu dan Farmasi Sido Muncul Tbk

Zada Annuri Nabila (Universitas Negeri Medan)
Cinta Rizkia Zahra Lubis (Universitas Negeri Medan)
Maulana Rizqy Efvarius (Universitas Negeri Medan)
Selvia Apriani (Universitas Negeri Medan)
Sabda Dian Nurani Siahaan (Universitas Negeri Medan)

Asian Journal of Applied Business and Management (AJABM)
Vol. 2 No. 2 (2023): May, 2023

This study aims to determine the financial performance of PT. Industri Jamu Dan Farmasi Sido Muncul Tbk from 2020-2022 using financial ratio analysis. The financial ratio analysis used includes liquidity, solvency, profitability, and activity ratios. This research uses a descriptive analysis method with a quantitative approach. The outcomes demonstrated that the firm's financial performance as measured by the liquidity ratio was stable., except for inventory to net working capital with an average of 0.26. The solvency ratio is also declared solvable. The condition of the company based on the profitability ratio is not good and the company must take action. The average activity ratio is healthy, except for asset turover with an average of 0,93.