FINANCIAL RATIO ANALYSIS ON FINANCIAL PERFORMANCE AT PT ALKINDO NARATAMA TBK FOR THE PERIOD 2020 – 2024

Abstract

The results of this study indicate that the liquidity ratio of PT Alkindo Naratama Tbk over the past five years was below the standard level (>200%), showing that the company’s ability to meet its short-term obligations is relatively weak. The solvency ratio shows a fluctuating condition, where in 2020–2021 the company was in a good category, but it increased beyond the ideal limit in 2022–2023 and improved again in 2024. Meanwhile, the profitability ratio shows a significant downward trend, with the ROA remaining below the standard level from 2022 to 2024. Overall, the findings reveal that the financial performance of PT Alkindo Naratama Tbk remains unstable and tends to decline, particularly in terms of liquidity and profitability. Therefore, the company needs to improve the efficiency of asset management, strengthen its capital structure, and optimize revenue sources to achieve better and more sustainable financial performance in the future.