Analisis Laporan Arus Kas Untuk Menilai Kinerja Keuangan PT Mayora Indah Tbk di Bursa Efek Indonesia
DOI:
https://doi.org/10.58192/profit.v4i3.3900Keywords:
cash flow, financial ratios, liquidity, solvency, earnings qualityAbstract
This study aims to analyze the cash flow performance of PT Mayora Indah Tbk using four key ratios, namely CFO/CL, CFO/TD, CFO/CapEx, and CFO/NI, to assess liquidity, solvency, investment efficiency, and earnings quality during the 2021 to 2024 period. The research employs a quantitative descriptive method using secondary data from the company’s cash flow statements published by the Indonesia Stock Exchange. The analysis includes calculating each annual ratio, identifying trends, and interpreting the results based on cash flow theory and the company’s financial conditions. The findings indicate increasing CFO, improving liquidity and solvency ratios, and consistent investment funding capacity supported by internal cash. The CFO/NI ratio remains above one, although showing a slight decline, suggesting that earnings quality is still strong but requires further monitoring. Overall, the cash flow analysis highlights the company’s ability to maintain operational cash stability, meet financial obligations, and support long term investment needs.
References
Brigham, E. F., & Houston, J. F. (2016). Dasar-dasar manajemen keuangan (Edisi 14). Salemba Empat.
Hery. (2015). Analisis laporan keuangan: Pendekatan rasio keuangan. Grasindo.
Ikatan Akuntan Indonesia. (2023). Pernyataan Standar Akuntansi Keuangan (PSAK) No. 2: Laporan arus kas. Dewan Standar Akuntansi Keuangan IAI.
Murtianingsih, E., & Hastuti, S. (2020). Pengaruh arus kas operasi terhadap kinerja keuangan pada perusahaan manufaktur di Bursa Efek Indonesia. Jurnal Akuntansi dan Keuangan Indonesia, 17(2), 55–68.
Putri, A., & Santoso, D. (2022). Analisis rasio arus kas dan pengaruhnya terhadap profitabilitas pada perusahaan sektor konsumsi. Jurnal Ekonomi dan Bisnis Indonesia, 8(1), 22–34.
Rosmawati, & Hasibuan, S. (2020). Analisis arus kas terhadap kinerja keuangan perusahaan konsumsi di Bursa Efek Indonesia. Jurnal Ilmiah Akuntansi dan Bisnis, 5(3), 112–121.
Simanjuntak, S. C. (2024). Analisis laporan arus kas untuk menilai kinerja keuangan PT Telekomunikasi Indonesia di Bursa Efek Indonesia. Jurnal Inovasi Bisnis, Manajemen, dan Akuntansi, 2(2), 203–210.
Simatupang, S. C. (2020). Studi tentang kualitas laba dan arus kas. Jurnal Akuntansi. (Catatan: detail volume dan nomor tidak tersedia dalam sitasi asli).
Subramanyam, K. R. (2017). Financial statement analysis (11th ed.). McGraw-Hill Education.
Widodo, B. (2020). Analisis efisiensi arus kas terhadap pengeluaran modal pada perusahaan manufaktur. Jurnal Manajemen dan Keuangan, 9(2), 88–97.
Downloads
Published
How to Cite
Issue
Section
License
Copyright (c) 2025 Profit: Jurnal Manajemen, Bisnis dan Akuntansi
This work is licensed under a Creative Commons Attribution-ShareAlike 4.0 International License.
