Analisis Laporan Keuangan Perusahaan Sebagai Penilaian Kinerja Perusahaan (Studi Pustaka pada Perusahaan BUMN Sektor Konstruksi yang Terdaftar di Bursa Efek Indonesia 2020-2022)
DOI:
https://doi.org/10.35870/jemsi.v11i1.3702Keywords:
Financial Report Analysis, Assessment, Company PerformanceAbstract
The development of the business world in an increasingly open economic situation needs to be based on performance assessment facilities and systems that can encourage companies towards increasing efficiency and competitiveness which will strengthen capital and have an impact on the company's performance assessment. So that it is able and survives in the increasingly tight business competition today. Companies can analyze financial reports, especially in conducting performance assessments. In the research conducted by the author using descriptive qualitative methods and Literature Studies on the financial reports of 4 state-owned construction sector companies listed on the Stock Exchange: PT Wijaya Karya (Persero) TBK, PT Waskita Karya (Persero) Tbk, PT Adhi Karya Tbk (ADHI), and PT Pembangunan Perumahan (Persero) Tbk. The purpose of this research is to calculate and analyze the Liquidity, Solvency and Profitability of Financial Reports as an assessment of the Company's Performance. The results of the study show that the Liquidity Ratio (current ratio) of PT Waskita Karya (Persero) Tbk has a consistently high current ratio for three consecutive years, with the highest figure in 2020 at 168.89%. This shows the company's ability to meet its short-term obligations better than other companies such as PT Wijaya Karya (Persero) Tbk and PT Adhi Karya (Persero) Tbk which have lower ratios. The solvency ratio of PT Waskita Karya (Persero) Tbk also stands out with a very high debt to equity ratio, reaching 979.55% in 2022. This indicates that the company is highly dependent on debt in its funding structure. High dependence on debt can increase financial risk, Profitability Ratio, PT Wijaya Karya (Persero) TBK and PT Waskita Karya (Persero) Tbk showed an increase in Net Profit Margin, which indicates an improvement in operational efficiency and management. On the other hand, PT Adhi Karya (Persero) Tbk and PT Pembangunan Perumahan (Persero) Tbk experienced a decline in margin, although they maintained a positive margin. Different receivable turnover ratios also provide an overview of the efficiency of receivables management in these companies. PT Wijaya Karya (Persero) Tbk for example, in 2021 had a very high receivables turnover ratio of 790.28%, indicating that this company is able to manage receivables very efficiently, accelerating cash collection from credit sales.
Downloads
References
Akbar, I. F. (2024). Analisis Perbandingan Kinerja Keuangan sebelum dan sesudah Berlakunya Pernyataan Standar Akuntansi Keuangan 72 pada Perusahaan Properti di Bursa Efek Indonesia (Doctoral dissertation, Institut Teknologi Sepuluh Nopember).
Anwar, M. (2019). Dasar-dasar manajemen keuangan perusahaan. Prenada Media.
Asniwati, A., & Firman, A. (2023). Efek kinerja pegawai dengan budaya organisasi, kepuasan kerja dan motivasi kerja. Jurnal Ilmiah Manajemen, Ekonomi, & Akuntansi (MEA), 7(1), 176-183. https://doi.org/10.31955/mea.v7i1.2595.
Atul, U. N., Sari, Y. N. I., & Lestari, Y. J. (2022). Analisis Rasio Keuangan Untuk Mengukur Kinerja Keuangan Perusahaan. E-Jurnal Akuntansi Tsm, 2(3), 89-96.
Azzahra, S. (2021). Analisis rasio solvabilitas terhadap kinerja keuangan pt garuda indonesia di masa pandemi. POINT: Jurnal Ekonomi dan Manajemen, 3(1), 57-70. https://doi.org/10.46918/point.v3i1.909.
Bader, M. A., & Damayanti, C. R. (2024). PENGARUH KINERJA KEUANGAN DAN CORPORATE GOVERNANCE TERHADAP FINANCIAL DISTRESS. Jurnal Riset Keuangan dan Akuntansi, 10(1).
Corrina, F., & Gustika, G. S. (2019). Analisis sumber dan penggunaan kas pada PT. Sepatu Bata Tbk yang terdaftar di bursa efek Indonesia tahun 2014-2018. Jurnal Manajemen Dan Bisnis, 8(1), 38-48.
Creswell, J. W. (2012). Research design pendekatan kualitatif, kuantitatif, dan mixed, Pustaka Pelajar.
Daga, R. (2020). Analisis Strategi Pemasaran Dalam Peningkatan Pembiayaan Konsumtif Pada PT Bank Rakyat Indonesia Syariah, Tbk Kantor Cabang Pembantu Gowa Sungguminasa (No. rvtkp). Center for Open Science.
Firdaus, M. A. (2024). Analisis Laporan Keuangan Untuk Mengukur Kinerja Keuangan Pada PT Semen Indonesia (Persero) Tbk Periode 2016–2020. Manajemen: Jurnal Ekonomi, 6(1), 25-31. https://doi.org/10.36985/s6w0wt50.
Francis Hutabarat, M. B. A. (2021). Analisis kinerja keuangan perusahaan. Desanta Publisher.
Gusrizaldi, R., & Komalasari, E. (2016). Analisis Faktor-Faktor Yang Mempengaruhi Tingkat Penjualan Di Indrako Swalayan Teluk Kuantan. Valuta, 2(2), 286-303.
HIDAYAT, T. (2020). Analisis Sumber Dan Penggunaan Kas Pada PT. Martina Berto Tbk Periode 2014-2018.
Ir Agus Zainul Arifin, M. M. (2018). Manajemen keuangan. Zahir Publishing.
Karinda, M. V., Mananeke, L., & Roring, F. (2018). Pengaruh Strategi Pemasaran Dan Inovasi Produk Terhadap Kinerja Pemasaran Produk Indihome Pt. Telkom Area Tomohon. Jurnal EMBA: Jurnal Riset Ekonomi, Manajemen, Bisnis Dan Akuntansi, 6(3). https://doi.org/10.35794/emba.v6i3.20265.
Kholifah, S. N. (2016). Analisa Sumber dan Penggunaan Kas terhadap Upaya Menjaga Likuiditas. JMK (Jurnal Manajemen dan Kewirausahaan), 1(2), 162-169.
Kuantitatif, P. P. (2016). Metode Penelitian Kunatitatif Kualitatif dan R&D. Alfabeta, Bandung.
Mustika, G., & Apriliani, I. N. (2022). Analisis Rasio Likuiditas Terhadap Kinerja Keuangan PT Garuda Indonesia Pada Masa Pandemi (2020). Eco-Iqtishodi: Jurnal Ilmiah Ekonomi Dan Keuangan Syariah, 3(2), 95-104. https://doi.org/10.32670/ecoiqtishodi.v3i2.1052.
Pangerapan, O. R. (2013). Analisis Perlakuan Akuntansi Untuk Website Pada PT. Bank Sulut (Persero) Manado. Jurnal EMBA: Jurnal Riset Ekonomi, Manajemen, Bisnis dan Akuntansi, 1(3). https://doi.org/10.35794/emba.1.3.2013.2214.
Thoyib, A. (2005). Hubungan kepemimpinan, budaya, strategi, dan kinerja: pendekatan konsep. Jurnal manajemen dan kewirausahaan, 7(1), 60-73. https://doi.org/10.9744/jmk.7.1.pp.60-73.
Downloads
Published
Issue
Section
License
Authors who publish with this journal agree to the following terms:
1. Copyright Retention and Open Access License
Authors retain copyright of their work and grant the journal non-exclusive right of first publication under the Creative Commons Attribution 4.0 International License (CC BY 4.0).
This license allows unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited.
2. Rights Granted Under CC BY 4.0
Under this license, readers are free to:
- Share — copy and redistribute the material in any medium or format
- Adapt — remix, transform, and build upon the material for any purpose, including commercial use
- No additional restrictions — the licensor cannot revoke these freedoms as long as license terms are followed
3. Attribution Requirements
All uses must include:
- Proper citation of the original work
- Link to the Creative Commons license
- Indication if changes were made to the original work
- No suggestion that the licensor endorses the user or their use
4. Additional Distribution Rights
Authors may:
- Deposit the published version in institutional repositories
- Share through academic social networks
- Include in books, monographs, or other publications
- Post on personal or institutional websites
Requirement: All additional distributions must maintain the CC BY 4.0 license and proper attribution.
5. Self-Archiving and Pre-Print Sharing
Authors are encouraged to:
- Share pre-prints and post-prints online
- Deposit in subject-specific repositories (e.g., arXiv, bioRxiv)
- Engage in scholarly communication throughout the publication process
6. Open Access Commitment
This journal provides immediate open access to all content, supporting the global exchange of knowledge without financial, legal, or technical barriers.
