West Science Accounting and Finance
Vol. 1 No. 01 (2023): West Science Accounting and Finance

Analysis Of Financial Ratios On The Level Of Financial Performance Of Pt.Indofood Sukses Makmur Tbk

Ajeng Hasna Nabila (Universitas Nusa Putra)
Wahyu Ramdan Kurniawan (Universitas Nusa Putra)
Nita Silvia (Universitas Nusa Putra)
Arti Mardianti (Universitas Nusa Putra)



Article Info

Publish Date
31 Jan 2023

Abstract

The goal of this study was to ascertain PT. Indofood Sukses Makmur tbk's financial performance from 2019 to 2020. Financial report data from www.IDX.co.id was used for data analysis. The ratio is a statistical method used in this study to compare large amounts of data to determine a company's financial situation over time. The liquidity ratio, represented by the current and quick ratios, and the profitability ratio, represented by the return on assets and equity, are all utilized. Between 2019 and 2020, the Liquidity Ratio as measured by the current ratio and the Quick Ratio increased. The rise happened between 2019 and 2020 due to an increase in current assets to meet obligations. Thus, PT. Indofood Sukses Makmur tbk falls within the criteria of a good company. As measured by the gross profit margin, the profitability ratio increased from 2019 to 2020, owing to the company's efficiency in utilizing assets to generate revenue, putting the company's financial health in the "excellent" category.

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Journal Info

Abbrev

wsaf

Publisher

Subject

Economics, Econometrics & Finance

Description

Journal of Accounting & Finance is a scientific publication published by Westscience Press, which aims to be a creative forum for academics, professionals, researchers, and students in the fields of Accounting and Finance including the fields of Auditing, Accounting Information Systems, Corporate ...