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Abstract :The financial performance of PT Semen Baturaja (Persero) for the period 2020-2022 needs to be evaluated to determine the effectiveness of management in managing the company's finances. The purpose of the study is to measure the financial performance of PT Semen Baturaja (Persero) through financial statement analysis over the period 2020, 2021, and 2022. This study uses various types of financial ratios such as Liquidity, Solvency, and Profitability. The research method used is qualitative with a quantitative approach. The data used is sourced from the financial statements of PT Semen Baturaja (Persero) Tbk for the years 2020, 2021, and 2022, obtained from the Indonesia Stock Exchange. The analysis results show that the company has good liquidity because current assets are higher than current liabilities. The solvency ratio level is quite healthy. Although the Debt to Asset Ratio (DAR) indicates high debt, the low Debt to Equity Ratio (DER) values show that most of the assets are still funded by equity. The company's profitability level is less healthy. Although the Gross Profit Margin (GPM) shows positive results and is higher than the industry average, other ratios such as Operating Profit Margin (OPM), Net Profit Margin (NPM), Return on Assets (ROA), and Return on Equity (ROE) indicate that the company has significant room for improvement in operational efficiency, cost management, and optimization of asset and equity utilization. Keywords: Analysis, Liquidity, Solvency, Profitability

The Indonesian capital market is experiencing significant growth, encouraging investors to consider shares as the main investment option. Fundamental analysis is important in assessing company performance, especially in the property and real estate sectors which are important for the Indonesian economy. This research aims to analyze the influence of fundamental factors such as Return On Assets (ROA), Return On Equity (ROE), Debt to Equity Ratio (DER), and Book Value (BV) on the share prices of property and real estate companies listed on the Indonesia Stock Exchange (BEI) for the 2021-2023 period. Using a panel data regression model with a random effects approach, the results show that BV has a partially significant positive effect on stock prices, while ROA, ROE and DER have a partially significant negative effect. These findings provide insight for investors in identifying key factors that influence share prices, so that they can help in making better investment decisions in the property and real estate sector.

Financial performance of PT. Unilever Indonesia Tbk is evaluated using financial statement analysis. The purpose of this study is to evaluate the financial performance of PT. Unilever Indonesia Tbk from 2022 to 2023 through financial statement analysis. The time series analysis method is used to understand changes in a company's financial performance over time. It involves the use of various financial ratios including liquidity, solvency, activity, and profitability ratios. This research uses a quantitative descriptive approach, which means that the data collected is quantitative data from the annual financial statements of PT. Unilever Indonesia Tbk (secondary data) for 2022 and 2023. The analysis results show the company's liquidity ratio is below industry standards, indicating challenges in paying off short-term obligations. Although the cash ratio will increase in 2023, the value is still not ideal. In terms of solvency, the ratio of debt to asset and debt to equity indicates a high dependence on debt. However, the company performed well in profitability, with profit margins, return on assets (ROA), and return on equity (ROE) above the industry average, reflecting effectiveness in generating profits and managing assets and capital. The inventory turnover ratio is below industry standard, but total asset turnover shows good performance, indicating effective asset management to generate sales.

This research is aimed at studying and analyzing the financial report ratios of PT. Semen Indonesia (Persero) Tbk to assess the company's financial performance for the 2022-2023 period. Research on PT's financial reports. Semen Indonesia (Persero) Tbk. This is aimed at reviewing and assessing the company's financial performance in the 2022-2023 period. The data was researched and analyzed based on PT's financial reports. Semen Indonesia (Persero) Tbk. In collecting data, researchers used documentation techniques, in the form of secondary data obtained from financial reports. The technical analysis used is technical analysis in the form of a descriptive quantitative approach. The results of this research were obtained from calculations and analysis, starting from the Liquidity Ratio using four formulas, the results obtained were Current Ratio, Quick Ratio, Cash Ratio were not good in 2022 and 2023, while Cash Turn Over was not good in 2022 and was said to be good in 2023 . Solvency formulas using three formulas show that the Debt to Asset Ratio results are both less good in 2022 and 2023, while the Debt to Equity Ratio and Fixed Charge Coverage are said to be good in 2022 and 2023. The Activity Ratio results using five formulas for Total Assets. Turn Over, Fixed Asset Turn Over, Working Capital Turn Over, Inventory Turn Over and Receivable Turn Over are not good in 2022 and 2023. The Profitability Ratio uses three formulas to obtain the results of Return on Equity (ROE), Profit Margin on Sales and Return on Investment (ROI) is not good in 2022 and 2023. Working Capital Turn Over, Fixed Asset Turn Over and Total Asset Turn Over are not good in 2022 and 2023. Profitability Ratios use three formulas to obtain Profit Margin on Sales, Return on Investment (ROI) results ) and Return on Equity (ROE) will not be good in 2022 and 2023.

Financial performance analysis is analysis that used to measure company achievement from financial segment. this study purposes is to asses the impact of financial ratio, firm size and net profit margin to financial performance in banking sub-sector companies listed on Indonesia Stock Exchange Period 2020 - 2022. This research utilizes secondary data obtained from a sample of 45 companies. The analytical methodology employed in this study is descriptive analysis, normality test, hetroscedasticity, autocorelation, multicollinearity, multiple linear regression, coefficient of determination and F test from SPSS statistics 25 as the analytical instrument. The result found in this study show that Net Profit Margin variable has an influence on Return on Assets, meanwhile the Debt to Equity Ratio dan Firm Size variable does not exert influence Return on Assets

The capital market serves as a forum for companies to obtain funds from investors, who in turn can benefit through dividends or stock price differences. The stock price itself is the value per share of a company traded on the stock exchange. This study aims to examine how Return on Assets, Return on Equity, and Debt to Equity Ratio relate to the stock prices of non-cyclical consumer sector companies on the Indonesia Stock Exchange from 2020 to 2023. The quantitative method with multiple linear regression was used to test this relationship using SPSS 25. Of the 47 companies taken as samples using purposive sampling method, this study found that Return on Assets and Debt to Equity Ratio have a negative impact on stock prices, while Return on Equity has a positive effect. Therefore, companies in this sector are advised to improve their Return on Assets and Return on Equity performance in order to increase their share price in the capital market.  

This research aims to analyze the Financial Ratio to Economic Value Added at PT. Sharia People's Financing Bank (BPRS) Puduarta Insani Deli Serdang. Specifically, to analyze the measurement of Return On Equity (ROE) and Debt to Equity Ratio (DER) on Economic Value Added (EVA). The research approach uses Quantitative with Regression Data Type from 2016 - 2023, Multiple Linear Regression analysis techniques. The results of this research are: 1) Return On Equity (ROE) has a positive and partially significant effect on Economic Value Added (EVA), because an increase in equity can increase the added value of positive Economic Value Added (EVA) at PT. Sharia People's Financing Bank (BPRS) Puduarta Insani Deli Serdang; 2) Debt to Equity Ratio (DER) has a negative and partially significant effect on Economic Value Added (EVA), because debt that exceeds the asset value can reduce the equity value. Low Equity will cause a negative Economic Value Added (EVA) value at PT. Sharia People's Financing Bank (BPRS) Puduarta Insani Deli Serdang; 3) Return On Equity (ROE) and Debt to Equity Ratio (DER) simultaneously have a positive and significant effect on Economic Value Added (EVA) at PT. Sharia People's Financing Bank (BPRS) Puduarta Insani Deli Serdang.

This research aims to determine the effect of EPS, ROE and DER on share prices partially and simultaneously. This type of research is carried out quantitatively with panel data and processed with statistical analysis assisted by E-Views and the appropriate model is Common Effect. The research population is companies in the metal and similar sub-sector. Sampling was carried out using purposive sampling and it was found that 5 research companies were carried out from the 2017-2022 period. The research results showed that EPS and ROE partially influenced share prices, but DER did not show a partial influence on share prices. Meanwhile, EPS, ROE and DER simultaneously influence share prices.

This study aims to analyze the solvency ratio at PT Bank Central Asia by looking at the percentage of the ability to pay debts against assets and equity with indicators of debt to equity ratio, debt to asset ratio, capital adequacy ratio, long term debt to equity ratio, and long term debt to asset ratio. This research method uses a descriptive method with a quantitative approach. The data used is secondary data obtained from the annual report data of PT Bank Central Asia in 2019-2022. The results of this study indicate that overall it is declared sovable. For 4 years (2019-2022) PT Bank Central Asia in the analysis of capital adequacy ratio, long term debt to equity ratio, long term debt to asset ratio is in accordance with established industry standards, although in the analysis of debt to asset ratio and debt to equity ratio shows numbers above industry standards.

This research was conducted with the intention of knowing how the impact is generated by Return on Investment, Debt to Equity Ratio and Net Profit Margin on Firm Value as measured by Tobin's Q ratio. The research was conducted on the Jakarta Islamic Index 70 companies listed on the Indonesia Stock Exchange. The method used in this research is quantitative method. Where in this study we use the numbers obtained from the calculation of the ratios carried out. obtained from the ratio calculations carried out. In addition, we also adopted purposive sampling method to limit the research. The data obtained in this research. The research findings show that there is a negative impact of Return on Investment. show that there is a negative impact caused by Return on Investment and Debt to Equity Ratio to Tobin's Q Value. While Net Profit Margin has a positive impact on Tobin's Q Value. Simultaneously overall independent variables in this study were also found to have an impact on the dependent variable. dependent variable. As well as in correlation, there is a correlation of 27.6 percent independent variables to the dependent variable. While the rest, which is 72.4 percent may be influenced by other variables not tested in this study.

The automotive industry has looked quiet in recent years, this industry is not as busy as other sectors such as the property sector, mining or the financial sector. The aim of this research is to find out and analyze or provide empirical evidence regarding liquidity, profitability and solvency on automotive company share prices. Data collection in this research uses documentation techniques to obtain data. The data in this research comes from the IDX regarding company financial reports taken in 2016 - 2021. The data collection method is the classic assumption test. Prerequisite tests or classic assumptions (normality test, multicollinearity test, autocorrelation test, heteroscedasticity test), model test (ANOVA), hypothesis test (multiple linear regression analysis, partial test). Based on the results of the liquidity projection t test with a significant Current Ratio (CR) of 0.028, which means it is smaller than the normal value of 0.05, it can be concluded that there is an influence on share prices. For profitability, the projected Earning Per Share (EPR) is significant at 0.823, which means it is greater than 0.05, so it can be concluded that profitability has no significant effect on share prices. For solvency, the projected Debt to Equity Ratio (DER) has a significance of 0.032, which means it is smaller than 0.05, so it can be concluded that solvency has an effect on share prices.

This study aims to determine the effect of sales growth, profitability, asset structure and liquidity on capital structure which is proxied by the Debt to Equity Ratio with a population covering all food and beverage sub-sectors. Companies listed on the Indonesia Stock Exchange during the observation period, namely 2019-2023. Of all the food and beverage companies listed on the IDX, we selected 12 companies using a purposive sampling technique. Then to determine the effect of the independent variables on the dependent variable, all secondary data is processed according to the indicators used and multiple linear regression analysis is performed. The results of this study indicate that profitability (ROA) and liquidity have an effect on capital structure (DER) based on the significance value of the t test of 0.001 or less than 0.05 and 0.17 or less than 0.05. Thus, the hypothesis that profitability and liquidity affect the capital structure can be accepted. While the variable sales growth and asset structure have no effect on capital structure (DER) because the significance level of the t test is 0.225 and 0.965 or greater than 0.05. Therefore, the hypothesis that profitability and liquidity affect capital structure (DER) is unacceptable.    

This study aims to perform analysis and find put of inflation, debt-to-equity ratio and total assets turn over on stock prices. An analysis of firms in the energy sector that were registered on the Indonesia Stock Exchange in 2019-2022. The entire population in this study consists of 83 firms. The chosen sample consisted of 6 financial reports altogether, cosen from a total of 9 companies using the purposive sampling technique. Using software Eviews 9, the panel data analysis method helps with this research. Based on research findings, it can be concluded that, Debt-to-equity ratio has negative impact on stock price, however inflation and total asset turn over do not have a significant impact. According to simultaneous test or F test, the independent variable simultaneously had statistically impact on the stock price, with a Adjusted R2 of approxiamately 0.173906, or 17.39%    

This study aims to determine the effect of Earning per Share (EPS), Return on Assets (ROA), Return on Equity (ROE), Current Ratio (CR), Deb to Equity Ratio (DER), Price to Book Value (PBV) on Returns. Share. The object of this research is the Indonesian Stock Exchange, mining companies in the coal industry sector for the 2019-2021 period. The research data used is secondary data with the sampling method using non-probability sampling. And the data analysis method is by calculating financial performance, determining stock returns using a sample of 19 companies. The results of this research have been tested on classical assumptions in the form of normality tests, multicollinearity tests, heteroscedasticity tests and autocorrelation tests as well as hypothesis tests in the form of t tests, f tests , determination test, and multiple linear regression test. The results of this study show that ESP partially has a negative effect on Stock Return, ROA partially  has a positive effect on Stock Return, ROE partially has a negative effect on Stock Return, CR partially has a positive effect on Stock Return, DER partially has a positive effect on Stock Return, and PBV partially has a negative effect on Stock Return.    

Financial ratio analysis is one way to assess a company's financial performance. This research aims to determine the financial performance of UD. Rubama. The research uses financial management theory based on measuring instruments Debt to Assets Ratio, Debt to Equity ratio, Return On Investment and Return On Equity. The approach used in this research is a descriptive research approach. The samples in this research are UD's balance sheet and profit and loss report. Rubama for the 3 year period 2018-2020. The data analysis technique used in this research is descriptive data analysis technique, namely collecting data, classifying it in such a way as to obtain a clear picture of the facts that exist as a reality in the object under study. The research results show that the company's financial performance as measured by the solvency ratio (Debt to Assets Ratio) and (Debt to Equity Ratio) is good, because there is an increase in the amount of debt and is followed by an increase in the amount of assets every year and the company is able to emphasize funding using its own capital. The results of the profitability ratio analysis show that the company's ability to generate profits in terms of Return on Investment is good, because the profits are quite high in terms of asset turnover. Meanwhile, in terms of Return On Equity, the company is also good because the company has not been able to maximize its capital to produce optimal net profits, the average during the research period was 36%.

Penelitian ini bertujuan menganalisis faktor fundamental terhadap harga saham pada perusahaan sektor pertambangan yang terdaftar di BEI tahun 2018-2022. Variabel yang digunakan dalam penelitian ini yaitu Price Earning Ratio (PER), Earning per Share (EPS), Return on Asset (ROA), Current Ratio (CR) dan Debt to Equity Ratio (DER). Jumlah populasi yang diolah sebanyak 55 perusahaan dan sampel yang digunakan dengan pengambilan teknik sampling jenuh yaitu seluruh jumlah populasi. Data yang digunakan berupa data sekunder yang diperoleh dari laporan keuangan perusahaan sektor pertambangan yang dipulibkasi di Bursa Efek Indonesia tahun 2018-2022. Penelitian ini menggunakan kuantitatif deskriptif. Analisis data menggunakan metode klasifikasi dengan algoritma decision tree. Hasil penelitian menggunakan metode klasifikasi algoritma decision tree diperoleh nilai akurasi yang tinggi dengan nilai Kappa dan AUC yang tinggi yang menunjukkan kinerja sangat baik dalam membedakan antara kelas positif dan negatif serta kesesuaian antara label kelas dengan nilai sebenarnya. Nilai precision yang tinggi menunjukkan kemampuan model mengidentifikasi dengan benar dan recall yang tinggi menunjukkan kemampuan mendeteksi dataset yang baik

Background: Audit delay represents a critical factor affecting the timeliness of financial reporting and information usefulness for decision-making. The property and real estate sector faces unique challenges in audit processes due to complex asset valuations, project accounting, and regulatory requirements, making audit delay a significant concern for stakeholders. Objective: This study aims to examine the effect of firm size, leverage, and audit quality on audit delay in property and real estate companies listed on the Indonesia Stock Exchange (IDX). Methods: This quantitative study employed multiple regression analysis using a sample of 65 property and real estate companies listed on IDX during 2020-2024, resulting in 325 firm-year observations. Audit delay was measured as the number of days between fiscal year-end and audit report date. Independent variables included firm size (natural logarithm of total assets), leverage (debt-to-equity ratio), and audit quality (Big 4 auditor dummy). Control variables encompassed profitability, company age, and audit opinion type. Results: The findings reveal that firm size has a significant negative effect on audit delay (β = -8.743, p < 0.01), indicating that larger companies experience shorter audit delays. Leverage shows a significant positive effect on audit delay (β = 4.562, p < 0.05), suggesting that higher leverage increases audit complexity and duration. Audit quality demonstrates a significant negative effect on audit delay (β = -12.385, p < 0.01), confirming that Big 4 auditors complete audits more efficiently. The model explains 68.4% of the variance in audit delay (R² = 0.684). Conclusion: Firm characteristics and audit quality significantly influence audit delay in the property and real estate sector. Companies should focus on maintaining optimal capital structure, engaging high-quality auditors, and leveraging size advantages to minimize audit delay and enhance financial reporting timeliness.

One  of  the   fundamental  analysis  that  usually  used  by  investors  and security analize to value the stock price is by price earning ratio(PER) approach. This research have as a purpose to examine influence factors DPR, DER, NPM, Firm Size, CR to PER. This study aims to examine the factors Dividend Payout Ratio (DPR), Debt to Equity Ratio (DER), Net Profit Margin (NPM), Firm Size, and Current Ratio (CR) of Price Earning Ratio (PER) on Manufacture companies listed in Indonesia Stock Exchange for 2010 - 2012. This  study  used  the  entire  population  of Manufacture  companies  listed  in Indonesia Stock Exchange (BEI) in 2010 until 2012, a total of 396 companies. The samples  using  48  companies  on  manufacturing  companies sector. Type of data is secondary data from each manufacturing companies listed on the Indonesia  Stock  Exchange  for three  years  in 2010, 2011, 2012.  The samples are taken by purposive sampling. Data analysis use multiple regression analysis, method  which  initial  by classical  test  for  normality,  multicollinearity test, heteroskedastisitas test and autocorrelation test. Hypothesis test is using the F tes, t test, and koefisien determinasi R2. In  the  classical  assumption  test  results  showed  that  there  were  no  deviations classical assumption, this shows that the available data has been qualified to use multiple linier  regression  model.  From  this  reseach  the  following  conclusion  :  the  DPR variable is positif and not effect on PER, variabel DER has negative and not effect on PER, NPM variable has negative and not effect on PER, Size  variable  has positive  and effect  on  PER,  and CR variable  has positif and  not effect on  PER.  Regression  equation  obtained  is PER =-4.196+0.074 DPR-0.596 DER-0.166 NPM + 0.961 Firm Size+0.245 CR. Coefficient  of determination  (adjusted  R2)  is 10 %  which  means 10 %  of  PER  is influenced  by  the independent  variables,  whereas  the  remaining  balance  of  90%  is  explained  by  other variable not prensented in the study.

The Indonesian capital market recovered in 2021 after a decline due to the COVID-19 pandemic in 2020. The role of the capital market is crucial for economic growth, and investors need to pay attention to factors such as financial reports and company performance. Investors in LQ45 companies, consisting of 45 stocks with high liquidity, make selections based on transactions and market capitalization. This research focuses on the influence of Earning Per Share (EPS), Return On Assets (ROA), Debt to Equity Ratio (DER), and Price to Book Value (PBV) on the stock prices of LQ45 companies in the period 2018-2021. The research problem involves questions about the influence of each ratio on stock prices. The research objective is to examine the influence of these ratios. The results of the research are expected to provide important information for readers about the factors affecting stock prices and insights for researchers into the dynamics of the capital market. This research can also serve as a reference for further studies. The results of the analysis indicate that Earning Per Share (EPS), Return On Assets (ROA), Debt to Equity Ratio (DER), and Price to Book Value (PBV) significantly influence the stock prices of LQ45 companies.

Profit growth is important for businesses as it can be used to forecast future business plans. Earnings growth is difficult to separate from the company's financial performance as measured by financial ratios. This study aims to determine the effect of accounts receivable turnover ratio, current ratio, debt to equity ratio, and inventory turnover on profit growth. This study has a population of 17 companies over three years (per quarter), and a sample of 204 collected through purposive sampling method, and this study uses data analysis methods, namely multiple regression analysis and panel data with Eviews 12 software. The analysis shows that ITR has a positive and significant effect on earnings growth (Ln), while RTR, CR, and DER have no effect on earnings growth (Ln). All independent variables, namely RTR, CR, DER, and ITR, affect earnings growth (Ln) simultaneously. Earnings growth (Ln) is influenced by the four independent variables by 9%. This shows the capability of financial ratios in anticipating profit increases and can influence investor investment decisions.