Analysis Of Liquidity, Solvency, Activity, And Profitability Ratios To Measure Financial Performance At Pt Jasa Armada Indonesia, Tbk For The Period 2015-2024

Abstract

This study aims to examine the financial performance of PT Jasa Armada Indonesia Tbk for the period 2015-2024 using financial ratios, namely Liquidity Ratios, Solvency Ratios, Activity Ratios, and Profitability Ratios. The method used is the Quantitative Descriptive method, and the type of data used by the researcher is secondary data. The data obtained by the researcher consists of time series data from the financial statements of PT Jasa Armada Indonesia. The researcher obtained the company's financial statement data through the PELINDO website. The results of the study indicate that the Liquidity Ratios of PT Jasa Armada Indonesia Tbk for the period 2015-2024 show a healthy condition, as the average values obtained are a Current Ratio (CR) of 229.5%, which is above the industry standard of 200%, a Quick Ratio (QR) of 174.5%, above the industry standard of 150%, and a Cash Ratio (CR) of 81.9%, above the industry standard of 50%. The Solvency Ratio indicates a healthy condition, with an average Debt to Asset Ratio (DAR) of 29.8%, which is sufficient compared to the industry standard of 35%. The Debt to Equity Ratio (DER) of 43.5% is below the industry standard of 90%. The Activity Ratios indicate an unhealthy condition, with an average Total Asset Turnover (TATO) of 1.09 times, which is below the industry standard of 2 times, and a Fixed Asset Turnover (FATO) of 4.39 times, which is below the industry standard of 5 times. Profitability Ratios are considered unhealthy as they are still below industry standards. The results show an average Gross Profit Margin (GPM) of 12.8%, below the industry standard of 30%, Net Profit Margin (NPM) of 6.07%, below the industry standard of 20%, Return On Assets (ROA) of 5.53%, below the industry standard of 30%, and Return On Equity (ROE) of 8.2%, below the industry standard of 40%.