Jurnal Ekonomi
Vol. 13 No. 01 (2024): Jurnal Ekonomi, Edition January - March 2024

Financial ratio analysis of financial distress in Indonesia stock exchange-listed customer goods corporations

Sri Sutrismi (Universitas Tulungagung)
Rosyidah Rachman (Universitas Samawa)
Hedar Rusman (STIA Menara Siswa)
Muammar Khaddafi (Universitas Malikussaleh)
Zain Fuadi Muhammad RoziqiFath (Pendidikan Ekonomi, Universitas Negeri Surabaya)



Article Info

Publish Date
24 Jan 2024

Abstract

The primary objective of this research is to assess the operational efficiency and financial well-IDXng of consumer goods companies listed on the Indonesia Stock Exchange (IDX) from 2019 to 2022 through the examination of financial ratios. Data for the research was acquired through a literature review that utilized four company samples derived from Indonesia Stock Exchange data. This research methodology obtains pertinent financial ratio data through a literature review. The outcomes demonstrated a favourable performance in general, as evidenced by ratio values including retained earnings to total assets, working capital to total assets, return on assets (ROA), and current ratio, which indicated favourable working capital management, asset optimisation, and ability to fulfil current obligations. The results presented in this study offer a positive outlook regarding the adaptability and stability of consumer products firms operating within the Indonesian capital market.

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Journal Info

Abbrev

Ekonomi

Publisher

Subject

Economics, Econometrics & Finance Social Sciences

Description

Journal Ekonomi is a peer-reviewed journal that publishes scientific articles that are the results of original scientific research (top priority) and new scientific review articles (not priority) from various academics and researchers that have not been published elsewhere, including: 1. Accountancy ...