Jurnal Manajemen Strategi dan Aplikasi Bisnis
Vol 8 No 1 (2025)

Analisis rasio keuangan pada perusahaan sub sektor kimia yang terdaftar di Bursa Efek Indonesia

Mustafa, Yusufi Arif (Unknown)
Apandi, Aden (Unknown)



Article Info

Publish Date
30 Jun 2025

Abstract

This study aims to analyze the financial performance of chemical sub-sector companies listed on the Indonesia Stock Exchange (IDX) during the 2018–2022 period by using four key financial ratios: liquidity, solvency, activity, and profitability. The research employed a quantitative approach using time series trend analysis and comparative analysis among companies. The results indicate that, in general, chemical sub-sector companies maintain adequate liquidity levels, demonstrating their ability to meet short-term obligations. In terms of solvency, most companies are able to keep their debt proportions within a reasonable range, although several firms still rely heavily on external financing. For the activity ratio, companies such as PT Indo Acidatama, PT Unggul Indah Cahaya, and PT Budi Starch & Sweetener exhibit high efficiency in utilizing assets to generate sales. However, the profitability ratio (ROA) reveals that most companies operate below the 5% threshold, indicating suboptimal profit efficiency. Overall, the financial performance of the chemical sub-sector remains stable but not yet optimal, highlighting the need for improved operational efficiency, debt management, and asset utilization strategies to enhance competitiveness in the future.

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Journal Info

Abbrev

JMSAB

Publisher

Subject

Decision Sciences, Operations Research & Management Economics, Econometrics & Finance

Description

The focus of JMSAB are to promote strategic management and stimulate discussions, deliberations and debates on different management science strategies, principles, models, methodologies, techniques, applications in the field of business, commerce, industry, and ...