ANALYSIS OF LIQUIDITY, SOLVABILITY, ACTIVITY, AND PROFITABILITY RATIOS ON THE FINANCIAL PERFORMANCE OF PT MITRA ADIPERKASA, TBK FOR THE PERIOD 2020-2024
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Financial Performance, Financial Ratio Analysis, PT Mitra Adiperkasa Tbk
Abstract
The importance of examining the financial performance of contemporary retail businesses within the context of economic dynamics, particularly during the pandemic and global economic recovery, is the driving force behind this research. Given the substantial challenges that PT Mitra Adiperkasa, Tbk, one of Indonesia's largest retailers, will face between 2020 and 2024, a comprehensive assessment of liquidity, solvency, activity, and profitability is crucial. The objective of this research is to analyze how these financial ratios have impacted PT Mitra Adiperkasa, Tbk's financial performance over the past five years. A case study approach combined with quantitative descriptive analysis is the research methodology used. The company's annual financial statements for 2020–2024 contain the data analyzed, with the following ratios calculated: activity (asset turnover), profitability (net profit margin, ROA, ROE), solvency (debt-to-equity ratio), and liquidity (current ratio). The analysis is completed by comparing the annual trends of these financial ratios and correlating them with the company's asset growth and profit performance. Based on research findings, the pandemic had a significant negative impact on PT Mitra Adiperkasa's profitability and solvency ratios in 2020, as evidenced by a decline in net profit margins and negative ROA and ROE. However, a slow recovery occurred from 2021 to 2024, during which time all significant financial ratios improved. Profitability returned to positive with a stable growth trend, increased company activity, and improved liquidity and solvency ratios.
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