Analysis Of Financial Performance Development In The Alam Sutra Realty Tbk Company Which Is A Go Public Company On The Indonesian Stock Exchange

Abstract

Abstract - This research aims to determine the financial performance development at PT Alam Sutera. The data collection method used is documentation. The data used is secondary data, namely the financial statements of Alam Sutera Company for the years 2020-2022. The data analysis method is descriptive quantitative, using formulas to measure liquidity with the Current Ratio and profitability with Return On Asset. The results of the financial performance development analysis, viewed from the Current Ratio (CR) at Alam Sutera Company, show an increase from 2020 when the company's CR was at 0.67. This was due to a decrease in cash and cash equivalents as the company accelerated the payment of some of its bond debts and an increase in sales advances (deferred revenue). In 2021, the company's CR was at 0.84, caused by an increase in short-term bond debts maturing within 12 months and deferred revenue. By 2022, the company's CR was at 0.98, indicating an improvement in the company's ability to meet its short-term obligations. As for the development of Return On Assets (ROA) at Alam Sutera Company, in 2020, there was a loss of 5%, which was due to delayed revenue recognition because of the COVID-19 pandemic. In 2021, Alam Sutera Company experienced a slight increase of 1% due to significantly increased revenue, driven by increased revenue recognition from the housing and apartment segments. By 2022, the financial condition of Alam Sutera Company had slightly improved, with a 5% increase supported by a rise in real estate sales.