ANALISIS PERKEMBANGAN DAN EFISIENSI KINERJA KEUANGAN PT NIPPON INDOSARI CORPINDO TBK BERDASARKAN RASIO LIKUIDITAS, SOLVABILITAS, PROFITABILITAS, DAN AKTIVITAS TAHUN 2022–2025

Abstract

This study examines how Sari Roti (PT Nippon Indosari Corpindo Tbk) grew and generated profits from 2022 to 2025. This study evaluates four main aspects to assess the company's performance: how easily the company pays its bills (Liquidity Ratios), how well the company can repay its debts (Solvency Ratios), how much profit it generates (Profitability Ratios), and how effectively the company utilizes its resources (Activity Ratios). This study uses official reports from the Indonesia Stock Exchange and other sources. The results indicate that over time, the company has less cash, although this remains sufficient to maintain safety. The company has taken on more debt because it has repurchased some of its own shares. Profitability figures, comprising Net Profit Margin, Return on Assets, and Return on Equity, have been declining since 2022. In 2025, the company generated very little profit. Regarding activity ratios, the trends are mixed: Total Asset Turnover (TATO) has shown a gradual increase, signaling improved efficiency in utilizing assets to drive sales, while inventory turnover has varied. Overall, the financial performance of PT Nippon Indosari Corpindo Tbk from 2022 to 2025 shows that the entity remains solid, although it faces challenges related to margins and liquidity that should be a management focus, especially amid rising operational costs and increasingly aggressive capital management strategies.