FINANCIAL RATIO ANALYSIS OF COMPANIES TO MEASURE THE PERFORMANCE OF PT MULTIPOLAR TECHNOLOGY TBK FOR THE PERIOD 2016-2024

Abstract

This study aims to determine the financial condition of PT Multipolar Technology Tbk during the period from 2016 to 2024. To determine this, the researcher used various financial ratios such as liquidity ratio, Solvency Ratio, Activity Ratio, and profitability ratio. This study used a descriptive quantitative method, while the data used was secondary data. The data obtained is time series data from the financial reports of PT Multipolar Technology Tbk. The data was obtained from the IDX website. The results show that the liquidity ratio of PT Multipolar Technology Tbk during this period indicates an unhealthy condition. This is because the average Current Ratio (CR) value of 124.09% is still below the industry standard of 200%. The solvency ratio shows a healthy condition, because the average Debt to Equity Ratio (DER) is 444.35%, which still meets the industry standard of 90%. The activity ratio shows a healthy condition, as the average Total Asset Turnover Ratio (TATO) of 2.66 times is above the industry standard of 2 times. However, the profitability ratio shows an unhealthy condition, as the Return On Asset (ROA) of 20.85% is below the industry standard of 30%.