ANALISIS RASIO LIKUIDITAS, SOLVABILITAS, AKTIVITAS DAN PROFITABILITAS UNTUK MENGUKUR KINERJA KEUANGAN PADA PT. MAP AKTIF ADIPERKASA TBK 2018-2025

Abstract

This study aims to analyze the financial performance of PT MAP Aktif Adiperkasa Tbk for the period 2018–2025 using financial ratio analysis, which includes liquidity, solvency, activity, and profitability ratios. The purpose of this research is to determine the company’s financial health and its ability to manage assets, liabilities, and equity efficiently. The data used in this study are secondary data obtained from the company’s published financial statements. The analytical method employed is quantitative descriptive analysis by comparing the company’s ratio results with industry standard benchmarks. The results of the study show that the company’s liquidity ratios (Current Ratio, Quick Ratio, and Cash Ratio) are generally below industry standards, indicating that the company has not been able to manage its current assets effectively to meet short-term obligations. The solvency ratios (Debt to Equity Ratio and Debt to Asset Ratio) are considered healthy, meaning the company is able to manage its debt levels efficiently. The activity ratios (Total Asset Turnover and Fixed Asset Turnover) are unhealthy, showing low efficiency in utilizing assets to generate sales. Meanwhile, the profitability ratios (Gross Profit Margin, Net Profit Margin, Return on Assets, and Return on Equity) are also below industry standards, reflecting the company’s limited ability to generate profits from its assets and equity. In conclusion, the overall financial performance of PT MAP Aktif Adiperkasa Tbk during 2018–2025 can be categorized as less healthy, particularly in terms of liquidity and profitability. The company needs to improve its asset management, increase operational efficiency, and enhance profitability to achieve better financial stability in the future