Analisis kinerja keuangan perusahaan subsektor pakan ternak di bursa efek indonesia periode 2022-2024
Abstract
This study aims to analyze the financial performance of animal feed subsector companies listed on the Indonesia Stock Exchange (IDX) during the 2022-2024 period. The research objects include four companies: PT Japfa Comfeed Indonesia Tbk. (JPFA), PT Charoen Pokphand Indonesia Tbk. (CPIN), PT Malindo Feedmill Tbk. (MAIN), and PT Sreeya Sewu Indonesia Tbk. (SIPD). The analytical method uses financial ratios consisting of profitability ratios (ROA, ROE, NPM), liquidity ratio (Current Ratio), and solvency ratio (DER). Data were obtained from each company’s annual financial reports. The results show that all companies experienced significant profitability pressure during the research period. JPFA experienced a decline in ROA from 6.48% (2022) to 2.64% (2024), CPIN from 8.91% to 3.32%, MAIN from 4.19% to -0.20%, and SIPD from -0.47% to -3.90%. Nevertheless, companies’ liquidity aspects are generally maintained with Current Ratios above 1x. Solvency also shows relatively healthy conditions with controlled DER. CPIN shows the best performance with the highest profitability and conservative capital structure, while SIPD is in the most vulnerable position. Global raw material price volatility is the main factor causing profitability pressure in this subsector.
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