ANALYSIS OF THE FINANCIAL PERFORMANCE OF PT INDOFOOD CBP SUKSES MAKMUR TBK (ICBP) BASED ON LIQUIDITY, ACTIVITY, AND PROFITABILITY RATIOS FOR THE PERIOD 2020–2024

Abstract

By utilizing financial criteria including liquidity, activity, and profitability, the urgency of this study is to analyze the financial performance of PT ICBP from 2020 to 2024. The main urgency of this study is to determine how stable and profitable a company is thru careful management of its assets, liabilities, and equity. The study approach used is quantitative descriptive. The information used for secondary purposes was obtained from the company's annual financial reports published by the Indonesia Stock Exchange (IDX). The financial ratios used in this analysis include: CR and QR for liquidity measurement; inventory turnover ratio (ITO) and total asset turnover ratio (TATO) for operational efficiency assessment; and NPM, ROA, and ROE for profitability assessment. The study findings show that the financial condition of PT ICBP Sukses Makmur Tbk is stable and healthy. The average current ratio (CR) of 198.25% and the quick ratio (QR) of 148.75% indicate that the company can meet its short-term needs. The average TATO is 0.80 and the average ITO is 5.61, both indicating efficient asset utilization. The company's financial performance is stable and efficient, with an average NPM of 10.37%, ROA of 6.28%, and average ROE of 257.00%. This reinforces the idea that financial ratio analysis is a useful method for assessing management effectiveness and business sustainability.