Vol. 1 No. 3 (2025): Innovation and Resilience in the Global Business Ecosystem
Articles

Profitability Analysis in Evaluating Financial Performance at PT Ramayana Lestari Sentosa Tbk

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  • Anton Wijaya Djahuddin,
  • Nurnaningsih Utiarahman,
  • Roydah Gani
Anton Wijaya Djahuddin
Universitas Gorontalo
Nurnaningsih Utiarahman
Universitas Gorontalo
Bio
Roydah Gani
Universitas Gorontalo
Bio
Innovation and Resilience in the Global Business Ecosystem

Published 2025-06-22

Keywords

  • Profitability,
  • Financial Performance,
  • Financial Ratios,
  • Financial accounting,
  • Finance

Copyright (c) 2025 Anton Wijaya Djahuddin, Nurnaningsih Utiarahman, Roydah Gani (Author)

Creative Commons License

This work is licensed under a Creative Commons Attribution 4.0 International License.

Abstract

This study aims to evaluate the financial performance of PT Ramayana Lestari Sentosa Tbk before and during the Covid-19 pandemic by referring to three key financial ratios: Net Profit Margin (NPM), Return on Assets (ROA), and Return on Equity (ROE). The analysis focuses on these three primary profitability ratios. The method used is a quantitative descriptive approach with financial ratio analysis techniques based on secondary data obtained from the company’s annual financial statements. The research findings indicate that the company's financial performance experienced significant fluctuations, particularly in 2020, which was affected by the Covid-19 pandemic. During that year, ROA, ROE, and NPM were well below industry standards, reflecting a decline in operational efficiency and profitability. Although there was recovery in the following years, the average of the three ratios over the five-year period remained below the threshold of a healthy industry, with ROA at 6.05%, ROE at 8.36%, and NPM at 12.08%. These findings indicate that the financial performance of PT Ramayana Lestari Sentosa Tbk during the observation period was not optimal and that managerial strategies need to be improved to enhance the effective use of the company’s assets and capital. It is hoped that the findings of this study can provide insight into the impact of the pandemic on corporate financial performance and offer useful information for stakeholders in making more strategic decisions.

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