Analysis of Liquidity, Solvency, Activity, and Profitability Ratios to Assess Financial Performance in PT. Japfa Comfeed Indonesia Tbk Unit Makassar
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Abstract
This article analyzes the financial performance of PT Japfa Comfeed Indonesia Tbk Makassar Unit during the 2021-2023 period with a focus on the liquidity, solvency, activity, and profitability ratios. This study aims to evaluate the company's ability to maintain and improve its financial performance, as well as the impact of external factors on its operational sustainability. The research method used is qualitative with data collection techniques through observation of financial statements and descriptive data analysis. The results of the analysis show that the company has managed to maintain stability and show improvement in liquidity and profitability ratios, while the solvency ratio has improved but is still within safe limits. The activity ratio also shows increased operational efficiency. The impact of external factors such as fluctuations in raw material prices, macroeconomic conditions, and government regulations can affect the company's financial performance, so the company needs to make strategic adjustments to ensure operational sustainability. Overall, PT Japfa Comfeed Indonesia Tbk Makassar Unit shows good financial performance with a positive outlook, as long as the company continues to manage risks and adapt to changes in the business environment.
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