MES Management Journal
Vol. 5 No. 2 (2026): MES Management Journal

Analisis Kinerja Keuangan PT Unilever Indonesia Tbk Periode 2021–2025 Melalui Pendekatan Rasio Keuangan

Naswa Nur Azizah (Universitas Bina Sarana Informatika)
Asyifa Maulida (Universitas Bina Sarana Informatika)
Indah Fransiska (Universitas Bina Sarana Informatika)
Zahra Damayanti (Universitas Bina Sarana Informatika)
Nazwa Rahmasari Azzahra (Universitas Bina Sarana Informatika)
Herayati Herayati (Universitas Bina Sarana Informatika)



Article Info

Publish Date
25 Sep 2026

Abstract

This study aims to analyze the financial performance of PT Unilever Indonesia Tbk during the 2021–2025 period based on liquidity, solvency, profitability, activity, and valuation ratios. The study employed a quantitative descriptive method using a financial ratio analysis approach. The data consisted of secondary data obtained from the annual financial statements of PT Unilever Indonesia Tbk published by the Indonesia Stock Exchange and the company's official website. The analysis covered the statement of financial position, statement of profit or loss, statement of changes in equity, and statement of cash flows for the study period. The findings indicate that the company's financial performance fluctuated throughout 2021–2025. Liquidity ratios reflected relatively weak short-term financial capability, suggesting the need to improve the company's ability to meet its current obligations. Solvency ratios indicated a relatively high level of debt utilization, although the company's ability to cover interest expenses remained adequate. Profitability ratios declined during several years, indicating a decrease in the company's ability to generate profits. In terms of activity ratios, receivables management improved, while inventory and total asset utilization still require greater efficiency. Meanwhile, valuation ratios fluctuated, reflecting changes in investor perceptions of the company's value. Overall, PT Unilever Indonesia Tbk has maintained its operational sustainability; however, improvements in asset management efficiency, debt control, profitability enhancement, and investor confidence are essential to achieve sustainable financial performance.

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Journal Info

Abbrev

mesman

Publisher

Subject

Religion Economics, Econometrics & Finance Industrial & Manufacturing Engineering Social Sciences

Description

MES Management Journal is a peer-reviewed national journal published by Masyarakat Ekonomi Syariah (MES) Bogor in collaboration with Institut Agama Islam Nasional (IAI-N) Laa Roiba Bogor, Ikata Ahli Ekonomi Islam (IAEI), and Intelectual Association for Islamic Studies (IAFORIS) . This journal ...