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The objective of this study is to ascertain the financial ratios, specifically the Cash Ratio, Return on Investment (ROI), Return on Equity (ROE), and Net Profit Margin (NPM), of Financial Distress in Manufacturing Companies within the Consumer Goods Industry Sector that are listed on the Indonesian Stock Exchange. This study employs quantitative data. The findings and analysis presented in this study are as follows: The multiple linear regression test results indicate that the t-count value is 10.625, more significant than the t-table value of 2.03951. Additionally, the significance level of the t-count is 0.001, which is less than the significance level of 0.05. Therefore, we may infer that the t-count value is statistically significant. The ROI multiple linear regression test results indicate that the t-count value of 2.886 is statistically significant with a p-value of 0.007, compared to a t-table value of 2.03951 and a significance level of 0.05. Therefore, we can infer that the t-count value of 2.886 is significant. The t-value is 2.03951, and the significance level is 0.007, less than 0.05. The multiple linear regression analysis shows that the t-count for ROE is -2.897, which has a significance level of 0.007. Comparing this with the t-table value of 1.69552 at a significance level of 0.05, we may infer that the t-count value of 2.897 is greater than the t-table value of 1.69552, and the significance level of 0.007 is less than 0.05. The multiple linear regression analysis shows that the t-count value for NPM is -1.095, with a significance level of 0.282. Comparing this to the t-table value of 1.69552 at a significance level of 0.05, we may conclude that the t-count value of 1.095 is less than the t-table value and is not statistically significant. The F-table test yielded a result of 2.67 with an error rate of 5%. The acquired F-count was 50.596, more significant than the F-table value of 2.67, indicating a significant difference with a significance level of 0.002, less than the threshold of 0.05.

This research aims to analyze the financial performance of local government in the Toba Regency. The data source uses secondary data in the form of Toba Regency government financial reports for 2020-2022. Data were analyzed using a quantitative descriptive approach. The financial performance of the Toba Regency government is measured using eight financial ratios. The results of the research show that the financial performance of the Toba Regency government in terms of regional financial independence, regional financial dependence, and the degree of fiscal decentralization obtained meagre results. The level of effectiveness of local original revenue (LOR) and the effectiveness of local taxes obtained very effective results. The level of LOR efficiency and regional tax efficiency obtained very efficient results. The degree of contribution of regionally owned enterprises (ROEP) resulted in low contribution results. Overall, the Toba Regency needs to improve at implementing and managing finances. This research can be a reference for the Toba Regency government in improving financial performance through eight financial ratios so that budget use is effective and efficient.

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This study aims to test the performance of footwear sub-sector companies using financial ratios (liquidity, solvency, activity, profitability), common size and trend analysis by comparing financial ratios, common size and trend analysis for the 2020-2022 period at PT Sepatu Bata Tbk (Bata) and PT Primarindo Asia Infrastructure Tbk (Bima). This research design is a qualitative descriptive research and uses secondary data derived from the Financial Statements of PT Sepatu Bata Tbk (Bata) and PT Primarindo Asia Infrastructure Tbk (Bima) available on the Website of each Issuer and on the IDX website. The results showed that PT Sepatu Bata Tbk has a better financial performance than PT Primarindo Asia Infrastructure Tbk. However, this study only covers some aspects of company performance, so other more comprehensive research is needed, such as analyzing return on investment, management efficiency, or other factors that affect company performance. [ABSTRACT FROM AUTHOR]

The research aims to understand the influence of financial ratios on profit growth during the COVID-19 pandemic. The dependent variable of the study is profit growth. Companies in the hotel, restaurant, and tourism sector are the research population, listed on the Indonesia Stock Exchange (IDX) from 2019 to 2022. Purposive sampling is used as the sampling method with specific criteria. The sources are secondary data from annual reports and company financial statements. Multiple linear regression is employed to test the research hypotheses. The research findings indicate that the debt equity ratio and account receivable turnover variables have a significant negative effect on profit growth, while total assets turnover and sales growth have a positive effect on profit growth. The expectation is that the research output provides input to companies for improving performance and strengthening company finances in dealing with unforeseen risks, such as the COVID-19 pandemic. [ABSTRACT FROM AUTHOR]

The research objective is to determine the effect of financial ratios on profit growth during the co-19 pandemic. The research dependent variable is profit growth. Hotel, restaurant and tourism sector companies as the research population, listed on the Indonesia Stock Exchange (IDX) in 2019-2022. Purposive sampling as a sample method with certain criteria. The source is secondary data in the company's annual report and financial statements. Multiple linear regression is useful for testing research hypotheses. The results of the study are that the variables of debt equity ratio and account receivable turnover have a significant effect on profit growth in a negative direction, while total assets turnover and sales growth have an influence on profit growth in a positive direction. It is hoped that the research output will provide input to companies in improving performance and strengthening company finances in the face of unexpected risks, such as the covid-19 pandemic. [ABSTRACT FROM AUTHOR]

n early warning system can be implemented to anticipate the presence of financial distress, which will threaten financial problems. Altman Z-score is a tool for predicting a company's bankruptcy level by calculating several financial ratios. This study aimed to see whether finances can affect financial distress in Indonesian Islamic Banks. This study used Eviews software version 10 with panel data analysis techniques. The research object is the Indonesian Sharia Commercial Bank, which published semiannual financial reports from 2017-2022. Based on information on the official OJK website, there are 12 Islamic Commercial Banks, but only 9(nine) banks meet the sample criteria in this study. The results of the study show that ROA and CR have a significant positive effect on financial distress. Meanwhile, ROE and DER have a significant negative effect on financial distress. Unlike the case with NPF, which has no significant effect on financial distress.

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Conditions after the pandemic subsides are another new challenge for healthcare sector companies in Indonesia. This research aims to investigate the influence of financial performance on company share prices in the healthcare sector. The company's financial performance, for all aspects of financial ratios, is often considered an important indicator for investors in making their investment decisions. Therefore, this research seeks to identify the influence between the financial performance of healthcare companies and their share price movements. This research method involves analyzing historical financial data of healthcare companies for the period 2019 to 2022, as well as their share price movements during the same period. The analytical tool used uses multiple linear regression analysis with the help of Eviews 10. The results of data analysis will be used to measure the extent to which financial performance influences stock prices. It is hoped that the results of this research will provide deeper insight for investors and stakeholders in understanding the factors that influence company share prices in the healthcare sector. This research concludes that return on equity and earnings per share have a significant influence on the share prices of health sector companies. These findings show that healthcare companies with high ROE and controlled debt ratios tend to have better stock performance. Apart from that, consistent EPS is also an important indicator in assessing a company's financial performance, which has a positive impact on investor confidence and share prices. This conclusion provides a holistic view of the close relationship between the financial aspects of healthcare companies and the stock market response to them. It is highly recommended for further research to use all financial ratio parameters to obtain comprehensive information regarding financial performance and stock prices. [ABSTRACT FROM AUTHOR]

This study aims to measure the performance and financial health of the BUMN Karya Construction Company based on an analysis of financial reports from 2019 to 2022. This research is also intended to determine increases or decreases in financial performance and even financial distress. This study examines financial problems in 5 (five) BUMN Karya companies, including PT. Adhi Karya, PT. Waskita Karya, PT. Wijaya Karya, PT. Pembangunan Perumahan and PT. Hutama Karya. Financial performance measurement analysis based on Financial Ratio Analysis and Discriminant or Financial Distress Prediction Models include the Altman Z-score Model, the Springate Model, the Grover Model and the Zmijewski Model. The research will be measured based on the individual analysis of each company and the comparative analysis of the 5 (five) BUMN Karya. The results of the research based on analysis of financial ratios and 4 (four) financial distress models obtained values of 50% to 100%, so that it can be concluded that 5 (five) BUMN Karya companies are experiencing financial distress or financial difficulties and are on the verge of bankruptcy. While the research results are based on the calculation of financial ratios where the average state-owned company works, the majority of its assets come from debt but still have sufficient cash to pay off its debts. The conclusion from the results of this study can be used as an early warning related to the company's financial condition, so that it can be planned to develop company policies and strategies for better financial performance and avoid financial distress. [ABSTRACT FROM AUTHOR]

Financial distress is a condition where a company is unable to meet its obligations when they directed to bankruptcy. The purpose of this study was to analyze influence of corporate governance, profitability, liquidity, leverage and earning growth on financial distress. Research sample data used in this study were manufacturing companies listed on the main board and development board on the Indonesia Stock Exchange in 2016-2020. Logistic regression analysis had been applied to analyze data of study. The results show that the factors that influence Financial Distress in manufacturing companies on the main board and development board were different. For manufacturing companies on main board, influencing factors of financial distress were independent audit committee, liquidity, leverage, and earning growth. Meanwhile, board size, profitability, liquidity, leverage and earning growth were influencing factors of financial distress for manufacturing companies on development board.

his study aims to see whether the stability of Islamic banks is sufficiently dependent on financial technology and several financial ratios. The research was conducted at Islamic banks in Indonesia and Malaysia. To get the research sample used, a purposive sampling technique. The research sample consisted of 14 Islamic banks and was observed from 2017 to 2021. The analytical method uses panel data regression. The research results show. Capital Adequacy Ratio, Non-Performing financing (NPF), Equity-to-Assets Ratio (EAR) and firm size significantly affect bank stability, while financial technology, Assets Turnover, and Cost to Income Ratio (CIR) have no significant effect. Bank stability is one of the determinants of the goodness of state finances, so it needs to be a concern. Banks can increase capital values and firm size, then maintain NPF and EAR values to keep bank financial stability. Even though several other factors are not significant, banks still need to maintain the stability of their value so that the impact does not get worse

Copyright of Jurnal Ilmu Manajemen Terapan (JIMT). is the property of Dinasti Publisher and its content may not be copied or emailed to multiple sites or posted to a listserv without the copyright holder's express written permission. However, users may print, download, or email articles for individual use. This abstract may be abridged. No warranty is given about the accuracy of the copy. Users should refer to the original published version of the material for the full abstract. (Copyright applies to all Abstracts.)

Copyright of Journal of Application Business & Management / Jurnal Aplikasi Bisnis dan Manajemen is the property of IPB University and its content may not be copied or emailed to multiple sites or posted to a listserv without the copyright holder's express written permission. However, users may print, download, or email articles for individual use. This abstract may be abridged. No warranty is given about the accuracy of the copy. Users should refer to the original published version of the material for the full abstract. (Copyright applies to all Abstracts.)

Purpose - This study aims to obtain empirical evidence regarding the effect of Islamic stock selection based on financial ratios (debt to assets ratio, debt to equity ratio, non-halal income ratio) and corporate governance mechanisms (managerial ownership, independent commissioners, institutional ownership, audit committee) on company earnings quality. Method - The population of this research is all companies that are members of the Indonesian Sharia Stock Index in 2017-2019. The sample selection used purposive sampling method and obtained 67 sample companies. This study uses secondary data with multiple linear regression analysis method. Result - Debt to assets ratio, managerial ownership, institutional ownership, and audit committee have no significant positive effect on earnings quality. The ratio of non-halal income has a negative and significant effect on earnings quality. Meanwhile, the debt to equity ratio and independent commissioners do not have a significant negative effect on earnings quality. Implication - Companies that are members of the Indonesian Sharia Stock Index are expected to be able to improve the quality of their financial reports. On the other hand, investors are expected to find out and study the company's annual report as a material consideration for investment decisions. Originality - The originality of the research is this study intends to develop previous research by examining the selection criteria for sharia shares and corporate governance mechanisms.

This research aims to determine the factors that affect the financial sustainability of conventional banks and sharia banks in Indonesia. Data obtained from the financial statements of conventional commercial banks and Islamic commercial banks have been published by the Financial Services Authority (OJK) for the period 2014 to 2018. The total population used in this study are all conventional and Sharia banks that publish their financial statements on the OJK. The research variables used include Financial Self Sufficiency (FSS) as the dependent variable. Return on assets (ROA), Cash to deposits (CTD), Loans to assets (LTA), Deposits to assets (DTA) as independent variables. The analysis used is the tree classification. The tree classification method requires the dependent variable in the form of categorical data. Processing results show that three financial performance factors affect financial sustainability, namely ROA, LTA, and DTA. Error in the analysis process is 29%. So that the accuracy of using the tree classification method in predicting the factors that affect banking financial sustainability is 71%.

This study aims to examine whether financial ratios have an influence on financial distress. The dependent variable in this study is financial distress which is measured using a dummy variable. The independent variables in this study are CAR, NPL, ROA, ROE and capital structure. In addition, this study also uses the Altman model to determine the level of bankruptcy in banks This study also uses dummy variables to find out which banks are healthy and unhealthy. Hypothesis testing of this study was carried out using logistic regression analysis. This study provides statistical results that show that the CAR has a negative and significant effect on financial distress, ROA has a negative and significant effect on financial distress and the capital structure has a positive and significant effect on financial distress. Whereas NPL and ROE do not have an influence on financial distress.

Stock return is an advantage expected by the investor in the latter days to the number of funds he/she has invested. There are two factors that affect the stock return, namely external and internal factors. The purpose of this study is to analyze the moderating role of dividend policy in the relationship between liquidity, profitability, leverage, and investment opportunity set against the stock return. This research uses a descriptive quantitative method with the population is service companies registered in the Jakarta Islamic Index for 2014-2018 periods. By implementing a purposive sampling technique, this study ended-up with 7 service companies as a sample. Moreover, data analysis is processed with partial least square analysis techniques using the Application WarpPLS 6.0. The results showed that liquidity has significant negative impact on the stock return, profitability and investment opportunity set significantly positively affect the stock return, and leverage has no significant effect on stock return. While the dividend policy strengthens the liquidity relationship to stock return, the dividend policy weakens the leverage relation to the stock return, otherwise, the dividend policy is unable to moderate the profitability relationship and investment opportunity set against the stock return.

This research was conducted to find out how much influence the local government financial ratios have on the human development index, the ratio used is the ratio of the degree of decentralization, the ratio of regional financial dependence, the ratio of regional financial independence, the ratio of the effectiveness of local own revenue and the ratio of the effectiveness of the local tax. The type of data from this research is quantitative descriptive using primary and secondary data. The data analysis technique used is multiple linear regressions. The results of this research are that there is a very strong relationship between the degree of decentralization, the ratio of regional financial dependency, the ratio of regional financial independence, the ratio of the effectiveness of local own-source revenue and the ratio of the effectiveness of local taxes and simultaneously affect the human development index.

Depositors, investors, as well as public in general need easily accessible indicators that are important to differentiate various banks. This research addresses simultaneously two important issues: analyzing and identifying which key publicly available financial indicators of banks are important, as well as approximating the weight of the aforementioned indicators when banks’ comparisons are to be made. Utilizing the recent 2017 database from 90 conventional banks, this study analyzes 17 banking ratios using the method of principal component analysis. The calculations show that five components explain around 75 percent of total variation in the data. Those five components represent indicators on profitability, quality of capital, quality of loans, fee-based activities, and liquid assets in the balance sheets. Further, by combining five principal components, the result shows that even small banks can achieve good financial performances.

This study aims to determine the effect of financial ratios, Sukuk structure, and corporate governance on the rankings of Sukuk issued by companies listed on the Sharia Securities List for the period 2014-2018. This study uses secondary data, namely financial reports and annual reports of companies listed in the 2014-2018 Sharia Securities List, Sukuk ranking data from the website of PT. PEFINDO and data on Sukuk were still circulating during the year of observation from the website of the financial services authority. A total of 34 Sukuk issued by companies listed on the Sharia Securities List during the study period became the population in this study. The sample obtained was 15 Sukuk during 5 years of observation, so that the final sample was obtained as many as 75 observation data. The research results prove that only the profitability ratio variable influences the Sukuk rating. Meanwhile, other variables, namely liquidity ratio, leverage ratio, activity ratio, Sukuk structure, and corporate governance, do not influence the Sukuk rating

The purpose of this study is to examine and analyze whether profitability ratios, liquidity ratios, solvency ratios, cash flow ratios, activity ratios, and cash positions affect the financial distress in service companies in infrastructure, utilities, and transportation sub-sectors in Indonesia. The number of samples of this study are 51 companies and research ranges from 2013-2018. Total observations in this study are 289 out of 306 observations, and the rest are outliers. The method of analysis is using logistic regression analysis. The result shows there are two independent variables ( Cash Flow from Operations to Total Assets and Cash to Current Liabilities ) that have a significant effect on financial distress, while four independent variables ( Return on Equity , Working Capital to Total Assets, Debt Assets Ratio , Sales to Current Assets ) have no significant effect on financial distress.

The users of financial information need financial statements of company to analyze their financial conditions and performances. Financial ratios are useful measure for predicting the stock price. The study focused on the usefull of financial ratios in predicting stock price. The aim of the study is to examine whether financial statements of company that are price earning ratio, price to book value, current ratio, debt to equity ratio, debt ratio, operating profit margin, net profit margin, total assets turnover, and return on asset simultaneously can influence the stock price and which ratios, partially can influence the stock price. The sample of this study is the telecommunication companies that listed in Jakarta Stock Exchange. Using purposive sampling, there are two companies that become sample that are PT Telekomunikasi Indonesia Tbk and PT Indosat Tbk. The study period is 10 years (1994 up to 2004). The data were analysed by multiple linier regression. The study show that financial statements of company that are price earning ratio, price on book value, current ratio, debt ratio, operating profit margin, net profit margin, and total assets turnover simultaneously can influence the stock price. Partially price on book value, current ratio dan total asset turnover influence the stock price.

The background of this study was based on market share of Isalmic banks in which it is only 5% of National Banks in Indonesia. This indicates ineffective Islamic banks performance. Therefore it will lead to the bankruptcy. Assessing bankruptcy required deep assessment of company performance through its financial ratios; these are Working Capital to Total Assets (WCTA), Earnings Before Interest and Tax to Total Assets (EBITTA), Retained Earnings to Total Assets (RETA) and Book Value of Equity to Book Value of Total Debt (BVEBVTD). The purpose of this study was intended to explain about the influence of those financial ratios on bankruptcy prediction of banks based on Altman Z-Score Model. The data was conducted through indirect observation from quarterly financial report of banks for period 2014-2016. The samples were 11 Sharia banks from 13 Sharia banks listed on Indonesia Financial Services Authority (OJK-RI) by January 2017. The process of analysis was started by conducting Stationery analysis then Regression analysis, the test of assumptions and Multiple Discriminant Analysis (MDA). The result suggests that WCTA, EBITTA and BVEBVTD variable show positive and significance effect on bankruptcy prediction, while the RETA variable shows negative and insignificance. Based on this study, there are only two variables, WCTA and BVEBVTD, that couldpredict bankruptcy with 98.2% accuracy.

Financial ratios are useful measures for explaining the future earning changes. In this research, there are four financial ratios comprise in four categories is used for explaining future earning changes. The objective of this research is to empirically examine whether financial ratios CAR, NPL, NIM dan GWM have ability for explaining future earning changes on banks go public period 2005-2007. This research is an improvement of Zainuddin and Hartono (1999). Sample used in this research are 52 banks go public period 2005-2007 listed in Bursa Efek Indonesia (BEI). There are two variables daa that are used in this research, independent variable and dependent variable. Independent cvariable data are CAR, NPL, NIM and GWM ratios. While, dependent variable data is future earning changes of the banks go public. The variables patterened in this research are tested using multiple regression method and include normality test, auto correlation test, heteroscedasticity test and multicolleniarity test. The result of his research show that CAR, NPL, NIM and GWM ratios does not have a significant influence on future earning changes of banks go public period 2005-2007. While partial, NPL just the ratio that has a significant influence on future earning changes of banks go public period 2005-2007.

This study aims to determine the financial performance of PPK-BLUDs Management Office Taman Pintar Yogyakarta from the financial aspect using financial ratios, determine the amount of revenue and expenditure performance and determine the amount of the difference between actual revenue and expenditure based financial statements from 2011-2015. Based on the results of this study concluded that the liquidity ratio is very high on the raw value/ideal, it indicates poor management performance because there are many idle funds. Judging from the solvency ratio below the standard value/ideal, so it can be interpreted either as a low solvency ratio has a smaller risk of loss. Judging from the profitability ratio is in the range of sizes of standard value/ideal, so it can be said that the excellent financial performance for the conduct management activities successfully apply the principles of efficiency and productivity. Judging from the achievement of revenue may exceed the planned target indicating that a management plan to be realized with both revenue targets. seen from the achievements of financing showed a good performance, because the management in making budget planning in accordance with the needs, and based on the principles of efficiency and productivity. Judging from the cost recovery rate showed a good performance, because it can cover its costs (cost) income earned (revenue).

The objectives of this research are to analyze the influence of firm financial performance on dividend policy and its effect to the firm value of manufacturer companies listed in Indonesian Stock Exchange (IDX) for the periof of 2010-2012 and give recommendations as the completion upon this research. By applying  Generalized  Structured  Component  Analysis  (GSCA) of  19  sample used,  the  analysis attempts to examining the influence among variables. This research uses current ratio (CR), debt to equity ratio (DER), return on common equity (ROE), earning per share (EPS), and price to book value (PBV) as the variables of firm financial performance, dividend payout ratio (DPR) as the variable of dividend policy, and closing stock price as the variable of firm value. Result of the research reveal that CR has no significant influence on DPR, however CR has a positive and signifant influence on stock price. DER has no significant influence to the DPR and also to the stock price. ROE, EPS, and PBV has a positive and significant influence to the DPR and also to the stock price. Furthermore, DPR has a positive and significant influence on stock price. The present research confirms that firm financial performance, dividend policy, and firm value is the essential and important aspect for the investors in determining the profitable stocks. Therefore, it is very useful for investors to considerate these variable of research in order to make the right investment decisions and do stock trading confidently.

The purpose of this study is to determine the difference in the acquirer’s financial performance as measured by the current ratio of debt to equity ratio of the operating profit margin net profit margin return on investment return on equity between before and after the acquisition. The type of research used is comparative, the object of study used is energy and mining companies that conduct acquisitions listed on the Indonesia Stock Exchange between 2010-2015. The sampling technique used purposive sampling so that ten companies of energy and mining sector acquired the acquisition activity during the 2010-2015 period whose financial statements are listed in Indonesia Stock Exchange. Test results using Paired Sample t-Test show that four financial ratios do not experience significant differences, namely current ratio, operating profit margin, return on investment and return on equity and two ratios that are different, that is the ratio of debt to equity ratio, net profit margin.

The purpose of this research is to find out whether there is an effect of financial ratios on dividend policy, which is proxied by Current Ratio (CR), Debt to Equity Ratio (DER), Total Asset Turnover (TATO), Return on Equity (ROE), Growth of Sales (GS), and Price Earning Ratio (PER), and the Company Size on the Dividend Policy of the company, which is proxied by Dividend Payout Ratio (DPR). The population of this study is manufacturing companies listed in Indonesia Stock Exchange from 2009 to 2013. This study uses purposive sampling method and its subject of 29 companies of the 145 companies that have been observed. The analytical techniques used in this research consist of descriptive statistics test, normality test, multiple linear regressions analysis, and hypothesis test comprising an analysis of the coefficient of determination (R2), model test research (statistical tests F), and a partial test (statistics test of t). The results indicate that only Debt to Equity Ratio (DER), Return on Equity (ROE), and Price Earnings Ratio (PER) that have significant effect on dividend policy.

The main role of a bank is to collect funds from those who have surplus funds and distribute them to those who have a shortage of funds with the purpose to make benefit from such activity. However, this activity would bring problem when the bank is underfunded or experiencing financial distress due to the customers inability to repay the funds. This study aims to test whether the ratio of non-performing loans (NPL), Loan to Deposit Ratio (LDR), Good Corporate Governance (GCG), and Return on Assets (ROA), Net Interest Margin (NIM) and the Capital Adequacy Ratio (CAR) can be used to predict financial distress in Foreign Exchange Banking Firms in the period 2009-2012. The initial samples in this study are 35 Foreign Exchange Banks, but there are only 16 Foreign Exchange Banks that meet the criteria. The sampling technique used is purposive sampling method and the data used in this study is a secondary data by looking at the financial statements and the related statements of GCG of the Banks. The test equipment used to test the hypo-thesis is logistic regression. These results indicate that the ratio of ROA and NIM can be used to predict financial distress in Foreign Exchange Banks because ROA and NIM have significance value below 0.05 (5%). While the ratio of NPL, LDR, GCG and CAR cannot be used to predict financial distress in Foreign Exchange Banks because NPL, LDR, GCG, and CAR have significance value above 0.05 (5%).

Abstract The purpose of this paper is to investigate financial ratios and financial measurements that can predict financial distress. This study also examined investor reaction. To proved the effect for the long period this study not only examined the effect of independent variables per year to the prediction of financial distress, but also examined the average for five years. Using logistic regression the results showed that there are four financial ratios that can predict financial distress. Business risk and firm size is not proven to predict financial distress. Using Kruskall-Wallis test this study also proved that investors can predict financial distress.

This study aims to determine the company's financial performance , both in terms of liquidity, solvency, profitability and activity of PT .Millennia Astalia Educatindo Madiun from 2010 until 2012. The processed data is the data that comprises the financial statements of the balance sheet and income statement. Methods of data processing by using ratio analysis consisting of the ratio liquidity, profitability, solvency and activities. The method used is descriptive method, the research seeks to collect and present data from the company to be analyzed so as to provide a fairly clear picture of the object under study. Because of financial ratios is one tool in evaluating the company's financial condition and performance , it is expected that through the analysis of financial statements may consideration in making decisions, especially regarding the financial condition in the future. Besides, the analysis of financial statements to describe the company's actual financial performance. The results showed that the ratio of liquidity include the current ratio and quick ratio increased, although still below the industry average. For profitability ratios include gross profit margin and operating profit margin increased in 2012 despite the decline was due to the increased cost of goods sold. Solvency ratios while covering a total debt to equity ratio and total debt to capital assets shows a marked improvement by decreasing solvency ratio from year to year. Nonetheless Solvency ratio still can’t to be categorized either as it is still above the industry average. The ratio of activity which includes receivable turnover and total asset turnover has fluctuated, rising in 2011 but dropped in 2012. Nonetheless Activity ratios are well below the industry average, which means the company has not been effective in utilizing existing resources.

Copyright of Accounting Theory & Practice / Buhalterinės Apskaitos Teorija Ir Praktika is the property of Vilnius University and its content may not be copied or emailed to multiple sites or posted to a listserv without the copyright holder's express written permission. However, users may print, download, or email articles for individual use. This abstract may be abridged. No warranty is given about the accuracy of the copy. Users should refer to the original published version of the material for the full abstract. (Copyright applies to all Abstracts.)