FINANCIAL PERFORMANCE ANALYSIS OF PT SEMEN INDONESIA (PERSERO) TBK FOR PERIOD 2020 - 2024

Abstract

This study aims to analyze the financial performance of PT Semen Indonesia (Persero) Tbk during the 2020–2024 period using a ratio-based financial statement analysis approach. The research method used is descriptive quantitative, with secondary data in the form of the company's annual financial reports obtained from the official PT Semen Indonesia website and the Indonesia Stock Exchange. The financial ratios analyzed include Return on Assets (ROA), Return on Equity (ROE), Net Profit Margin (NPM), Current Ratio (CR), and Debt to Equity Ratio (DER). The analysis results indicate that PT Semen Indonesia's financial performance fluctuated during the study period. After experiencing pressure due to the COVID-19 pandemic in 2020, the company demonstrated improved financial performance in subsequent years, particularly in terms of asset efficiency and increased net profit. However, the solvency ratio indicates a continued high dependence on external funding, indicating the need for more optimal debt management. Overall, PT Semen Indonesia's financial performance is expected to improve in 2023–2024, reflecting the company's adaptive strategy to maintain stability and profitability amidst the dynamics of the national cement industry.