ANALYSIS OF FINANCIAL STATEMENTS IN MEASURING FINANCIAL PERFORMANCE

Abstract

Financial performance is a key measure for understanding how well a company makes money and keeps its business running. This research looks at the financial performance of food and beverage companies listed on the Indonesia Stock Exchange (IDX) from 2020 to 2024. The companies studied are PT Sekar Bumi Tbk (SKBM), PT Siantar Top Tbk (STTP), PT Ultra Jaya Milk Industry & Trading Company Tbk (ULTJ), and PT Campina Ice Cream Industry Tbk (CAMP). The study uses a quantitative descriptive method, focusing on financial ratios like liquidity, activity, solvency, and profitability. The data comes from the companies’ annual financial reports, which are available on the IDX website and each company's official reports. The findings show that, overall, these food and beverage companies had strong and stable financial health during the study period. In terms of liquidity, most companies could handle their short-term debts well. The activity ratios showed good use of assets, especially at STTP and CAMP. The solvency ratios indicated a solid financial structure with minimal reliance on debt. Profitability ratios revealed that ULTJ had the best profits and return on capital compared to others. In general, the food and beverage sector performed well after the pandemic, thanks to effective management of assets and capital, as well as flexible and responsive business strategies.