Analisis Kinerja Keuangan Perusahaan PT Ultra Jaya Milk Industry Tbk Ditinjau Dari Rasio Likuiditas, Solvabilitas, Profitabilitas, dan Nilai Pasar

Abstract

This study evaluates the financial performance of PT Ultra Jaya Milk Industry Tbk using financial ratios. Employing a descriptive method and secondary data from the company’s annual reports (2018-2022), the analysis focuses on four main ratios: liquidity (current ratio, quick ratio, cash ratio, cash turnover), solvency (debt to assets ratio, debt to equity ratio, long-term debt to equity ratio, times interest earned ratio), profitability (net profit margin, return on investment, return on equity), and market value (earnings per share, price-earnings ratio, book value per share, price to book value). The results show a decline in liquidity ratios over the past five years, indicating a decreased ability to meet short-term obligations. Despite this, the company remains able to meet these obligations, thus still considered liquid. Solvency ratios reveal a healthy financial state, although there has been an increased reliance on debt for financing assets and operations. Profitability ratios indicate strong performance in generating profits. Market value ratios suggest the company's stock is performing well and is attractive to investors. Overall, PT Ultra Jaya Milk Industry Tbk demonstrates strong financial health with robust profitability and market value, despite some concerns in liquidity.