Analisis Rasio Profitabilitas Dan Solvabilitas Terhadap Kinerja Keuangan Perusahaan Pada PT Sinar Mas Agro Resources And Technology Tbk Periode 2021-2023

Abstract

This research aims to analyze the profitability and solvency ratios on the financial performance of PT Sinar Mas Resources and Technology Tbk for the period 2021-2023. The profitability ratios analyzed include Net Profit Margin, Return on Assets, and Return on Equity, while the solvency ratios used are Debt to Asset Ratio and Debt to Equity Ratio. The research method applied is descriptive quantitative using secondary data in the form of the company's financial statements for the past three years. The analysis results show that the financial performance of PT Sinar Mas Resources and Technology Tbk is still below the industry standard according to Kasmir, particularly in terms of profitability ratios, indicating the company's inability to achieve efficiency and optimal profit generation. Additionally, the high solvency ratios indicate a high dependence of the company on debt. This research concludes that there is a need to improve operational efficiency and capital structure management so that the company's financial performance can be better and sustainable.