Analysis of Financial Statements to Assess The Financial Performance of PT. Samator Indo Gas TBK

Abstract

This study aims to evaluate the financial performance of PT Samator Indo Gas Tbk through analysis of liquidity, profitability and solvency ratios for the 2021-2023 period. The data used is the secondary financial statements of the Indonesia Stock Exchange (IDX). The research methodology is descriptive and quantitative, and the data analysis includes financial indicators such as gross profit margin (GPM), return on assets (ROI), return on equity (ROE), and various liquidity and solvency ratios. The research showed that GPM remained stable at 45% for three years, indicating consistent cost control efficiency. ROI and ROE have decreased, reflecting less efficient use of the company's resources. The company's liquidity will not change much, and the cash ratio will decrease significantly by 2023. The company's solvency has improved, as the debt-to-equity ratio has decreased from 128% (2021) to 102% (2023). In summary, despite the improved solvency, PT Samator Indo Gas Tbk faces challenges in improving profitability and liquidity