FINANCIAL STATEMENT ANALYSIS TO MEASURE FINANCIAL PERFORMANCE AT PT UNITED TRACTOR FOR THE PERIOD 2015–2024

Abstract

This study aims to analyze the financial performance of PT United Tractors Tbk during the period 2015–2024 through a financial ratio analysis approach. Ten indicators were used, covering liquidity, solvency, activity, profitability, and growth ratios, namely Current Ratio, Quick Ratio, Cash Ratio, Debt to Asset Ratio, Debt to Equity Ratio, Total Asset Turnover, Inventory Turnover, Net Profit Margin, Return on Assets, Return on Equity, and Sales Growth. The research method used is quantitative descriptive, utilizing secondary data in the form of company financial reports published through the Indonesia Stock Exchange (IDX). The results show that the company's liquidity is at an adequate level despite fluctuations related to economic conditions, especially during the COVID-19 pandemic. The company's capital structure is also well maintained, as indicated by a stable solvency ratio at an optimal level. In terms of profitability, the company was able to show a positive trend with a significant surge during the post-pandemic recovery period. The activity ratio confirms the effectiveness of asset and inventory management in supporting operations. Overall, PT United Tractors Tbk has succeeded in maintaining financial stability and demonstrating resilience to macroeconomic dynamics, thus serving as a reference for investors, management, and other stakeholders in making financial decisions.