ANALYZE THE FINANCIAL PERFORMANCE OF PT CHANDRA ASRI PETROCHEMICAL TBK (TPIA) FROM 2020 TO 2024 USING A GROWTH RATIO APPROACH

Abstract

This study aims to analyze the financial performance of PT Chandra Asri Petrochemical Tbk (TPIA) from 2020 to 2024 using a growth ratio approach. The research employs a descriptive quantitative method, utilizing secondary data from the company’s annual financial reports published on the Indonesia Stock Exchange (IDX). The findings indicate that the company’s financial performance has been fluctuating. In 2021, there was a peak in growth, marked by a significant increase in sales and net profit. However, from 2022 to 2024, the performance declined due to rising raw material prices and weakening global demand. Despite this, total assets showed a positive trend, suggesting the company’s ability to maintain long-term financial stability.