01 February 2024 | Saut Maruli Tua Pandiangan, Hotbona Novandi Tambunan, Josua Alexander Gultom, Thomas Firdaus Hutahaean
This study analyzes the asset management ratio and solvency management ratio of PT FKS Food Sejahtera Tbk, a food production company based in Jakarta, Indonesia. The research employs qualitative descriptive methods, using financial data from 2015 to 2021. The asset management ratio, including the fixed asset turnover ratio and total asset turnover ratio, and the solvency management ratio, including the debt ratio and times interest earned ratio, are analyzed to assess the company's financial performance and solvency.
Key findings include:
- The average fixed asset turnover ratio is 1.15 times.
- The average total asset turnover ratio is 0.7 times.
- The average debt ratio from 2015 to 2017 is 1.38, becoming unsafe in 2017, 2018, and 2019.
- The highest profit multiple was 12.15 in 2019.
The study concludes that while PT FKS Food Sejahtera Tbk has shown some financial challenges, particularly in managing its assets and debt, it has also demonstrated efforts to improve its financial performance through innovation and cost management. The research suggests that the company should continue to focus on efficient asset management and prudent debt management to ensure long-term financial stability.This study analyzes the asset management ratio and solvency management ratio of PT FKS Food Sejahtera Tbk, a food production company based in Jakarta, Indonesia. The research employs qualitative descriptive methods, using financial data from 2015 to 2021. The asset management ratio, including the fixed asset turnover ratio and total asset turnover ratio, and the solvency management ratio, including the debt ratio and times interest earned ratio, are analyzed to assess the company's financial performance and solvency.
Key findings include:
- The average fixed asset turnover ratio is 1.15 times.
- The average total asset turnover ratio is 0.7 times.
- The average debt ratio from 2015 to 2017 is 1.38, becoming unsafe in 2017, 2018, and 2019.
- The highest profit multiple was 12.15 in 2019.
The study concludes that while PT FKS Food Sejahtera Tbk has shown some financial challenges, particularly in managing its assets and debt, it has also demonstrated efforts to improve its financial performance through innovation and cost management. The research suggests that the company should continue to focus on efficient asset management and prudent debt management to ensure long-term financial stability.