Financial Performance Analysis of PT Mayora Indah TBK 2021–2025 Period: Profitability, Solvency, and Liquidity Ratio Approach

Aprilia Eka Saputri (Fakultas Ekonomi dan Bisnis, Universitas Bina Sarana Informatika)
Ani Septiani (Fakultas Ekonomi dan Bisnis, Universitas Bina Sarana Informatika)
Anggi Mailani (Fakultas Ekonomi dan Bisnis, Universitas Bina Sarana Informatika)
Malika Saufura (Fakultas Ekonomi dan Bisnis, Universitas Bina Sarana Informatika)
Yernita Bago (Fakultas Ekonomi dan Bisnis, Universitas Bina Sarana Informatika)
Indriyani Aprilia Setiawan (Fakultas Ekonomi dan Bisnis, Universitas Bina Sarana Informatika)
Heriyati Heriyati (Fakultas Ekonomi dan Bisnis, Universitas Bina Sarana Informatika)

Nomico
Vol. 3 No. 6 (2026): Nomico - July

This study aims to analyze the financial performance of PT Mayora Indah Tbk (IDX: MYOR) during the 2021–2025 period using a financial ratio analysis approach that includes profitability ratios (ROA and ROE), solvency ratios (DAR and DER), and liquidity ratios (Current Ratio and Quick Ratio). Data are sourced from audited annual financial reports published on the Indonesia Stock Exchange. The analysis results show that the company's financial performance peaked in 2023 with an ROA of 13.59%, an ROE of 21.23%, a Current Ratio of 3.67 times, and a DER of 0.56 times, driven by post-pandemic economic recovery and raw material cost efficiency. Despite normalization in 2024–2025, all financial ratio indicators remained within a healthy range and above the consumer goods industry standard. The company's capital structure proved conservative with a DAR consistently below 43% and a DER below 0.75 throughout the observation period. This study concludes that PT Mayora Indah Tbk has strong financial fundamentals and is able to manage external challenges effectively.