Analysis of Financial Performance at PT PLN (Persero) Period 2017-2021

Azra, Talia Safira and Yintayani, Ni Nyoman and Karma, I Gede Made (2022) Analysis of Financial Performance at PT PLN (Persero) Period 2017-2021. Repositori Politeknik Negeri Bali.

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Abstract

Financial performance is one of the important factors in the company. Good and healthy financial performance can be assessed from the results of the analysis that obtain a percentage in accordance with the standards that have been set. The results of the analysis can assist the company in making the right plans and policies in achieving the company's current and future vision and mission. The research aims analyse the level of financial performance movement and the health level of financial performance based on liquidity ratios, solvability ratios, activity ratios and profitability ratios during 2017-2021 in accordance with the Decree of Minister the Self-Owned Enterprise’s (SOE) Number KEP-100/MBU/2002. This study uses a qualitative approach. The results of this study indicate that the liquidity ratio measured using the cash ratio obtains a fairly healthy result and the current ratio obtains an unhealthy result because the value of current debt cannot be properly balanced by current assets. The solvability ratio is measured using the ratio of total own capital to total assets, which has increased but it is in an unhealthy performance condition, which mean the total equity and total assets owned by company are not balanced. Activity ratios based on collection periods and inventory turnover obtained healthy results but total asset turnover obtained unhealthy results. The profitability ratio is measured by using return on equity and return on investment has increased but obtained unhealthy results because it is caused by factors that are less than optimal operating income obtained by the company.

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