Financial Performance Analysis on PT Perkebunan Nusantara I Regional 5 Surabaya Period 2019 - 2023

Eko Iswan Rusdianto; Muhammad Firdaus; Diana Dwi Astuti

doi:10.62951/ijecm.v2i2.546

Authors

Eko Iswan Rusdianto Mandala Institute of Technology and Science
Muhammad Firdaus Mandala Institute of Technology and Science
Diana Dwi Astuti Mandala Institute of Technology and Science

DOI:

https://doi.org/10.62951/ijecm.v2i2.546

Keywords:

Financial Performance, Financial Reports, Financial Ratios

Abstract

This study aims to analyze the financial performance of PT Perkebunan Nusantara I Regional 5 Surabaya for the 2019-202 period. The method used in this research is quantitative descriptive method. To determine the financial performance of PT Perkebunan Nusantara I Regional 5 using financial ratio analysis techniques. The ratio analysis used in this study are liquidity ratios (current ratio, cash ratio and quick ratio), solvency ratios (DER ratio, DAR ratio and LTDtER ratio), activity ratios (total asset turnover, receivable period turnover and inventory turnover) and profitability ratios (GPM, NPM, ROE, ROI and ROA). Quantitative data in this study are in the form of financial statements of PT Perkebunan Nusantara I Regional 5 for the 2019-2023 period. Based on the liquidity ratio, PT Perkebunan Nusantara I Regional 5 in 2019-2023 experienced a significant increase from 2020-2023 and its liquidity was better in 2023. The financial performance of the solvency ratio of PT Perkebunan Nusantara I Regional 5 for the 2019-2023 period shows a healthy and stable condition. The financial performance of the activity ratio of PT Perkebunan Nusantara I Regional 5 for the 2019-2023 period shows efficiency in managing receivables and inventories, but the use and utilization of assets to generate income needs to be improved. The financial performance of the profitability ratio at PT Perkebunan Nusantara I Regional 5 is classified as unfavorable which can increase the Company's losses. In general, the Company's performance for the 2019-2023 period is less healthy.

Downloads

Download data is not yet available.

References

Akbar, F., & Fahmi, I. (2020). The Effect of Company Size, Profitability and Liquidity on Dividend Policy and Company Value in Manufacturing Companies Listed on the Indonesia Stock Exchange. Scientific Journal of Management Economics Students, 5(1), 62–81. http:jim.unsyiah.ac.id/ekm

Fahmi, Irham. (2014). Financial Performance Analysis. Bandung: Alfabeta

Jumingan. (2017). Financial Report Analysis. Sixth Edition. Jakarta: Bumi Aksara

Kasmir, SE (2015). Business Feasibility Study: Revised Edition. Prenada Media. https://books.google.co.id/books?hl=id&lr=&id=oQRBDwAAQBAJ&oi=fnd&pg=PA39&dq=kasmir+2015&ots=Vz_9IeuK0U&sig=_R_6SY6KArNUvYtozfXteRVFCE&redir_esc=y#v=onepage&q=kasmir 2015&f=false

Kasmir. (2016). Financial Report Analysis. Jakarta: PT Raja Grafindo Persada.

Maruta, H. (2018). Analysis of financial statements using the Du Pont model as an integrative analysis. In JAS (Jurnal Akuntansi Syariah),: Vol. 2(2).

Oktapianus, O., & Mu'arif, S. (2022). The Effect of Working Capital, Receivables Turnover, and Total Debt on Net Profit. Bussman Journal: Indonesian Journal of Business and Management, 2(3), 552–563. https://doi.org/10.53363/buss.v2i3.79

Pangemanan, IW, Karamoy, H., & Kalalo, M. (2017). Analysis of Liquidity, Leverage and Profitability Ratios to Assess Financial Performance at PT. Bank Central Asia, Tbk. Manado Branch. Going Concern: Journal of Accounting Research, 12(2), 25–34. https://doi.org/10.32400/gc.12.2.17386.2017

Rokhmat, A., Susanto, A., Rosmiati, D., & Cahyani, F. (2024). FEBCOMS: Journal of Community Service FEBCOMS: Journal of Community Service. 1(1), 1–6.

Rustan, E., & Munawir, A. (2020). The Existence of Traditional Educational Games in the Digital Natives Generation. Journal of Education and Culture, 5(2), 181–196. https://doi.org/10.24832/jpnk.v5i2.1639

Sari, W. (2021). Financial Performance. In PUBLISH BUKU UNPRI PRESS ISBN: Vol. 1(1). http://scioteca.caf.com/bitstream/handle/123456789/1091/RED2017-Eng8ene.pdf?sequence=12&isAllowed=y%0Ahttp://dx.doi.org/10.1016/j.regsciurbeco.2008.06.005%0Ahttps://www.researchgate.net/publication/305320484_CENTRAL_CONSERVATION_SYSTEM_STRATEGY_TO_SUSTAIN_THE_STATEMENT_STATEMENT

Sutrisno. (2020). Human Resource Management. Kencana Prenada Media Group, Jakarta.

Yoadelin, MAP (2019). Analysis of Conventional Commercial Bank Financial Performance Based on Financial Ratios (study on PT Bank Mandiri (Persero) Tbk Period 2013-2017). Aggregate, 4(1), 1–6. https://publikasi.unitri.ac.id/index.php/ekonomi/article/view/1913