ANALISIS KINERJA KEUANGAN PADA PT ERAJAYA SWASEMBADA TBK TAHUN 2017-2021

Abstract

The research was conducted with the aim of examining the financial performance of PT Erajaya Swasembada Tbk using financial ratio analysis, including liquidity, solvency, activity, and profitability ratios for the period 2017-2021. This study employs a descriptive quantitative approach, with data collection techniques through document or text studies of a secondary nature. The data analysis technique involves applying liquidity ratios such as CR and QR, solvency ratios such as DAR and DER, activity ratios such as ITO and TATO, and profitability ratios such as ROA and ROE. The research results indicate that PT Erajaya Swasembada Tbk’s performance from 2017-2021 was subpar based on liquidity, solvency, and profitability ratios, while the activity ratio showed excellent financial performance. Thus, it can be interpreted that overall, PT Erajaya Swasembada Tbk's financial performance from 2017-2021 is considered to be less than satisfactory. Therefore, the company should enhance its very liquid assets and manage them better so that it can meet its current liabilities using its very liquid assets, increase capital and assets with the addition of loans to minimize financial risk, and also reduce operational expenses to improve profitability.