Journal of International Conference Proceedings
Vol 8, No 4 (2025): 2025 ICPM Hong Kong

Financial Statement Analysis of PT Indofood Sukses Makmur Tbk Based on the Haval Analysis Framework

Youwen, Fan (Unknown)



Article Info

Publish Date
17 Jan 2026

Abstract

This study evaluates the financial performance and strategic position of PT Indofood from 2020 to 2024 to examine its development trends and future prospects. Financial ratio analysis is applied to assess liquidity, solvency, profitability, efficiency, and growth, and the macro and micro environment. The results show that Indofood’s short-term solvency and capital structure improved steadily, profitability recovered after a downturn in 2022, and shareholder returns remained stable. However, operational efficiency declined, as reflected in slower receivables and inventory turnover, while revenue growth decelerated, indicating a maturing domestic market and intensifying competition. Overall, PT Indofood company demonstrates stable yet slowing growth. It is recommended that the company consolidate its domestic strengths while accelerating international expansion, particularly in Southeast Asia and Africa, and continuously innovate in healthy and functional food products to meet shifting consumer preferences. In addition, improving supply chain efficiency and employing financial instruments to hedge risks will be critical to sustaining resilience. By integrating financial and strategic analysis, this study provides a systematic evaluation of Indofood’s overall performance, offering practical insights for corporate decision-making as well as valuable reference for research on the food industry in emerging markets.

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Journal Info

Abbrev

JICP

Publisher

Subject

Humanities Decision Sciences, Operations Research & Management Electrical & Electronics Engineering Industrial & Manufacturing Engineering Languange, Linguistic, Communication & Media

Description

JICP is proceedings series that aims to publish proceedings from conferences, in the fields of economics, business, and management research. All proceedings in this website are open access, which means the published articles are permanently free to read, download, copy, and distribute. The online ...