Analysis of Liquidity, Profitability, Solvability and Activity Ratios To Assess Financial Performance at PT. Kino indonesia tbk 2019-2024

Abstract

This study aims to analyze the financial performance of PT Kino Indonesia Tbk during the 2019–2024 period using liquidity, profitability, solvency, and activity ratios. A quantitative descriptive approach was employed using secondary data obtained from the company’s annual financial statements published by the Indonesia Stock Exchange. Liquidity was measured using the Current Ratio, Quick Ratio, Cash Ratio, and Cash Turnover; profitability using Net Profit Margin, Return on Investment, Return on Equity, and Earnings per Share; solvency using the Debt to Assets Ratio, Debt to Equity Ratio, and Times Interest Earned; and activity using Inventory Turnover, Working Capital Turnover, Fixed Asset Turnover, and Total Asset Turnover. The results indicate that the company’s financial performance fluctuated throughout the study period. Liquidity remained below industry standards, profitability showed a declining trend, solvency reflected a high dependence on debt and reduced ability to meet interest obligations, while activity ratios indicated inefficient asset utilization. Overall, the findings suggest that PT Kino Indonesia Tbk’s financial performance during 2019–2024 was below expectations, highlighting the need to improve financial management, operational efficiency, and asset utilization.