Financial Performance Analysis by Using Financial Ratios at CRRC. Co., Ltd in China
DOI:
https://doi.org/10.47313/oikonomia.v19i1.1750Keywords:
Financial performance, Financial ratio.Abstract
Purpose This research is aimed at analyzing in this paper is financial performance by using financial ratios at PT. CRRC. CO., LTD in China. Methodology The analytical method used 4 main factors, namely liquidity, solvability, activity, profitasbilitas. Findings The results showed that liquidity capacity had been increased, the company's financial liabilities returning loans were also smaller and the speed of total asset turnover was accelerated, even though the ability of profitability had increased but other expenses of the company were many. The company's financial condition is quite stable and promising. But still have to be careful with the position in the market compared to its competitors. Suggestion The company must ensure its future strategy in facing competition and strengthening its position in the market.
References
Aniefor, S. O., & Oboro, O. G. (2015). Accounting ratio as a veritable tool for corporate Investment Decision: A study of selected organization in Delta State. Journal of Policy and Development Studies, 9(5), 38-49.
Atukalp, M. E. (2023). The effect of financial statements on financial review results. Statement of financial position or income statement? . Gazi İktisat ve İşletme Dergisi , 9(1) , 80-96 . https://doi.org/10.30855/gjeb.2023.9.1.006
Dodilet, L. (2015). Merger of China’s two largest rail companies forms $26 Billion Firm. China Business Review. https://www.chinabusinessreview.com/merger-of-chinas-two-largest-rail-companies-forms-26-billion-firm/
Global Data. https://www.globaldata.com/data/
Habib, A., Costa, M. D., Huang, H. J., Bhuiyan, M. B. U., & Sun, L. (2020), Determinants and consequences of financial distress: review of the empirical literature. Account Finance, 60, 1023-1075. https://doi.org/10.1111/acfi.12400
Hasanaj, P., & Kuqi, B. (2019). Analysis of financial statements the importance of financial indicators in enterprise. Humanities and Social Science Research, 2(2). https://doi.org/10.30560/hssr.v2n2p17
Herawati, H. (2019). Pentingnya laporan keuangan untuk menilai kinerja keuangan perusahaan. JAZ:Jurnal Akuntansi Unihaz, 2(1), 16-25. https://doi.org/10.32663/jaz.v2i1.806
Keown, A. J. (2005). Financial & management: principle and applications. (10th.ed). Pearson Education.
Kisman, Z., & Krisandi, D. (2019). How to predict financial distress in the wholesale sector: lesson from Indonesian stock exchange. Journal of Economics and Business, 2(3). Retrieved from https://ssrn.com/abstract=3419647
Olayinka, A. A. (2022). Financial statement analysis as a tool for investment decisions and assessment of companies’ performance. International Journal of Financial, Accounting, and Management, 4(1), 49–66. https://doi.org/10.35912/ijfam.v4i1.852
