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VOL. 10, ISSUE 6 (2024)
Financial Performance Evaluation reviewed from Liquidity and Profitability Aspects
Authors
Waty Rusman Saleh, Mulyana Machmud, Rosdiana Rosdiana, Firmansyah Hibbu, Basri Modding
Abstract
This study aims to evaluate the financial performance of PT Pegadaian
Parepare Branch using liquidity and profitability ratio analysis based on
State-Owned Enterprise (BUMN) standards as stipulated in KEP-100/MBU/2002. This
study uses a quantitative approach and utilizes primary and secondary data. The
analysis focuses on liquidity ratios, namely the cash ratio and current ratio,
as well as profitability ratios in the form of return on equity (ROE) and
return on investment (ROI) during the 2020–2022 period. The results show that
the cash ratio for three consecutive years has not met the standards set by the
Minister of BUMN, while the current ratio has consistently met these standards.
This indicates that the company is able to pay off short-term liabilities with
its current assets, although its cash ratio is still not optimal. In terms of
profitability, ROE has met BUMN standards and ROI has even exceeded the
standards throughout the study period. These findings indicate that the
financial performance of PT Pegadaian Parepare Branch is generally in the good
category based on the benchmarks of liquidity and profitability ratios.
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Pages:90-95
How to cite this article:
Waty Rusman Saleh, Mulyana Machmud, Rosdiana Rosdiana, Firmansyah Hibbu, Basri Modding "Financial Performance Evaluation reviewed from Liquidity and Profitability Aspects". International Journal of Commerce and Management Research, Vol 10, Issue 6, 2024, Pages 90-95
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