Jurnal Akuntansi, Manajemen dan Bisnis Digital
Vol 5 No 2 (2026): April

Financial Ratio Analysis To Measure Company Financial Performance At Pt. Indofood Sukses Makmur 2020-2024 Period

Gea, Delvini Andari (Unknown)
Chrisna, Heriyati (Unknown)
Panggabean, Fitri Yani (Unknown)



Article Info

Publish Date
30 Apr 2026

Abstract

This study aims to analyze the financial performance of PT. Indofood Sukses Makmur Tbk during the 2020–2024 period using financial ratio analysis, including liquidity, solvency, activity, profitability, and market value ratios. The study employed a quantitative descriptive approach with secondary data in the form of annual financial reports obtained from the company's official website and the Indonesia Stock Exchange. The analysis was conducted by comparing the company's financial ratios to industry standards and analyzing year-over-year trends. The results show that the company's liquidity and solvency performance have improved, reflecting its ability to meet short-term obligations and an increasingly stable capital structure. However, activity ratios indicate a decline in asset utilization efficiency after 2022. Furthermore, the profitability ratio, measured by Return on Equity (ROE), tends to decline, while Earnings Per Share (EPS) fluctuates. Overall, the company needs to improve operational efficiency and asset optimization to drive increased profitability and company value.

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Journal Info

Abbrev

jambd

Publisher

Subject

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

Description

JURNAL AKUNTANSI, MANAJEMEN DAN BISNIS DIGITAL is a peer-reviewed journal. Journal of Accounting, Management and Digital Business invites academics and researchers who do original research in the fields of accounting, management, and Digital Business including but not limited to: Accounting Sciences ...