Analisis Rasio Keuangan sebagai Alat Penilaian untuk Mengukur Tingkat Kinerja Keuangan Perusahaan pada PT Arkora Hydro Tbk Tahun 2020-2023

Abstract

PT Arkora Hydro Tbk is a company engaged in the EBT sector. The company listed its shares on July 8, 2022, which certainly attracted the attention of interested parties. This study aims to determine: (1) Financial Performance of PT Arkora Hydro Tbk based on Liquidity Ratio in terms of Current Ratio, Quick Ratio and Cash Ratio. (2) Financial Performance of PT Arkora Hydro Tbk based on Solvency Ratio in terms of Debt to Asset Ratio and Debt to Equity Ratio. (3) Financial Performance of PT Arkora Hydro Tbk based on Activity Ratios in terms of Fixed Assets Turn Over and Total Assets Turn Over. The method used is quantitative method with secondary data obtained from the publication report of "PT Arkora Hydro Tbk" for the period 2020-2023. The results of this study provide a conclusion that financial performance based on the Liquidity Ratio can be said to be liquid or good. The Solvency Ratio is in unfavorable terms because it is far above the provisions of industry financial performance. The Activity Ratio is not yet good.