Investasi : Inovasi Jurnal Ekonomi Dan Akuntansi
Vol. 4 No. 2 (2026): Artikel Penelitian

Analisis Kinerja Keuangan Berdasarkan Rasio Likuiditas dan Profitabilitas pada PT Industri Jamu dan Farmasi Sido Muncul Tbk

Rully Movizar (Universitas Gunadarma)
Defita Ningrum (Universitas Gunadarma)



Article Info

Publish Date
22 Jul 2026

Abstract

PT Industri Jamu dan Farmasi Sido Muncul Tbk, a manufacturer in the herbal medicine and pharmaceutical sectors, experienced fluctuations in sales and profits during the 2022–2024 period, making it necessary to conduct a financial performance analysis to assess the company’s liquidity and profitability. The research method used was a quantitative approach employing secondary data. Data collection was conducted through documentation, while data analysis utilized liquidity and profitability ratios. Based on the research findings, the company’s liquidity ratios showed an increase during the study period. The current ratio increased from 4.05 times (2022) to 4.47 times in 2023 and 5.35 times in 2024, while the quick ratio continued to rise from 1.71 times to 1.80 times in 2023 and reached 2.08 times in 2024. Profitability ratios fluctuated, with the net profit margin declining from 28.6% in 2022 to 26.7% in 2023, but rebounding to 29.9% in 2024. Return on assets stood at 27.1% (2022), 24.4% (2023), and peaked at 29.7% in 2024, while return on equity was 31.5%, 28.1%, and 33.6%. These results indicate that the company’s financial performance is in good condition, with very strong liquidity and a return on equity that increased again in 2024.

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Journal Info

Abbrev

investasi

Publisher

Subject

Economics, Econometrics & Finance Education Library & Information Science

Description

Inovasi Jurnal Ekonomi dan Akuntansi (INVESTASI) merupakan jurnal diterbitkan oleh SoraTekno Publisher dan menjadi media bagi para peneliti, praktisi dan dosen yang akan mempublikasikan hasil penelitiannya. Tujuan Jurnal ini adalah untuk memfasilitasi publikasi ilmiah hasil-hasil penelitian di ...