FINANCIAL RATIO ANALYSIS IN ASSESSING THE RISK AND FINANCIAL PERFORMANCE OF PT LOGINDO SAMUDRAMAKMUR TBK FOR THE PERIOD 2015-2024

Abstract

This study aims to analyze how PT Logindo Samudramakmur Tbk conducts business and faces financial risks from 2015 to 2024. The analysis was conducted using financial ratios, namely the Debt to Asset Ratio (DAR), Debt to Equity Ratio (DER), Return on Investment (ROI), Return on Equity (ROE), Inventory Turnover (ITO), Total Asset Turnover (TATO), Quick Ratio, and Current Ratio. The data used were obtained from the company's annual financial reports published on the Indonesia Stock Exchange (IDX). The results show that the company's financial performance has changed during the study period. 2016 was the year of the greatest financial crisis due to declining revenues and increasing operating expenses, resulting in losses. Leverage ratios (DAR and DER) indicate the company's heavy reliance on loans, while profitability ratios (ROI and ROE) declined from 2016 to 2022, but began to improve thereafter. The liquidity ratio (Current Ratio and Quick Ratio) shows that the company's ability to meet short-term obligations is still relatively low.