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Abstract
Financial Performance Analysis of PT. Pertamina Patra Niaga Regional Sulawesi 2013-2023 (Guided by Mr. Abd. Rakhman Laba and Mrs. Andi Ratna Sari Dewi). This research aims to analyzes the financial performance of PT. Pertamina Patra Niaga Regional Sulawesi 2013-2023. The analysis was carried out using financial ratio analysis methods. The ratios used include profitability, liquidity, solvency and activity ratios. Apart from that, this research also analyzes the development of financial performance using vertical and horizontal comparison methods of company financial reports during that period. The results of the analysis show that there are significant fluctuations in the financial performance of PT. Pertamina Patra Niaga, which is influenced by internal and external factors, such as changes in global oil prices and government policies regarding fuel subsidies. It is hoped that this research will provide insight for stakeholders regarding the company's financial health and provide recommendations for increasing efficiency and profitability in the future.
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References
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References
Agnes Sawir. (2005). Analisis Kinerja Keuangan dan Perencanaan Keuangan. Jakarta: PT. Gramedia Pustaka Utama.
Altman, Edward I. (1968). Financial Ratios, Discriminant Analysis and the Prediction of Corporate Bankruptcy. In: The Journal of Finance, Vol 22, No 4.
Arikunto, S. (2019). Prosedur Penelitian Suatu Pendekatan Praktik. Jakarta: Rineka Cipta.
Beaver, H. William, and Ellen E. Engel. (1996). Discretionary Behavior with Respect to Allowances for Loan Losses and the Behavior of Security Prices. Journal of Accounting & Economics, Vol 22.
Bhattacharya, S. (1979). Imperfect Information, Dividend Policy, and The Bird in the Hard Fallacy. Bell Journal of Economics.
Connelly, Brian L., et al. (2011) Signaling Theory: A Review and Assessmend. Journal of Management SAGEPub, Vol 37, No 1.
Faisal, A., Samben, R., dan Pattisahusiwa, S. (2017). Analisis Kinerja Keuangan. Jurnal Kinerja: Jurnal Ekonomi dan Manajemen, vol 14, No 1.
Fama, E.F. (1970). Efficient Capital Markets: A Review of Theory and Empirical Work. Journal of Finance, Vol 25, No 2.
Fitralisma, G., dkk. (2020). Analisis Rasio Likuiditas dan Solvabilitas untuk Mengatahui Kinerja Keuangan pada CV. Auto Tryas Body Repair Kota Cirebon. Journal of Accounting and Finance, Vol 2, No 2.
Grossman and Stiglitz. (1980). On the Impossibility of Informationally Efficient Markets. The American Economic Review.
Guay, W., and R. Verrecchia. (2006). Discussion of an Economic Framework for Conservative Accounting and Bushman and Piotroski. Journal of Accounting and Economics, Vol 42.
Harahap, S.S. (2009). Analisis Kritis Atas Laporan Keuangan. Jakarta: Raja Grafindo Persada.
Harjito, A., Martono. (2005). Manajemen keuangan. Edisi Kedua, Cetakan Pertama. Yogyakarta: Ekosia.
Harmono. (2009). Manajemen Keuangan Berbasis Balanced Scorecard. Jakarta: Bumi Aksara.
Healy, P.M and Palepu K.G. (2001). Information Asymetri, Corporate Disclosure and The Capital Markets: A Review of The Empirical Disclosure Literature. Journal of Accounting and Economics, Vol 31, No 1.
Ikatan Akuntansi Indonesia. (2007). Standar Akuntansi Keuangan. Jakarta: Salemba Empat.
Indriani, A.N. (2018). Analisis Kinerja Keuangan Perusahaan yang Terdaftar di Bursa Efek Indonesia (BEI) Sebelum dan Sesudah Akusisi. Jurnal Ilmu Manajemen, Vol 15, No 1.
Kaplan, R, S., and Norton, D, P. (1992). The Balanced Scorecard-Measures that Drive Performance. Harvard Business Review, Vol 70, No 1.
Kasmir. (2010). Analisis Laporan Keuangan, Edisi Pertama. Jakarta: Raja Grafindo Persada.
Leland. EL and DH. Pyle. (1977). Information Asymetries, Financial Structure and Financial Intermediation. Journal of Finance, Vol 32, No 2.
Munawir. (2007). Analisis Laporan Keuangan, Edisi Keempat, Cetakan keempat Belas. Yogyakarta: Liberty.
Neely, A.D., Gregory, M., Platts, K. (1995). Performance Measurement System Design: Aliterature Review and Research Agenda. International Journal of Operations and Production Management, Vol 15, No 4.
Paramita, J.R., Putra, I.E., Halim, A. (2020). Analisis Kinerja Keuangan Perusahaan pada PT. Japfa Comfeed Indonesia Tbk. Jurnal Manajemen dan Sains, Vol 5, No 2.
Prastowo, D.D., & Juliaty, R. (2011). Analisis Laporan Keuangan: Konsep dan Aplikasi, Edisi Revisi, Cetakan Kedua. Yogyakarta: AMP YKPN.
Rina, Ass, S.B., & Nurwahidah, M. (2019). Analisis Rasio Aktivitas untuk Menilai Kinerja Keuangan pada PT. Indofood Sukses Makmur Tbk. yang Terdaftar di Bursa Efek Indonesia (BEI). Jurnal Brand, Vol 1, No 2.
Riyanto, B. (2001). Dasar-dasar Pembelanjaan Perusahaan, Edisi Keempat, Cetakan Pertama. Yogyakarta: BPFE.
Ross, Stephen A. (1977). The Determination of Financial Structure: The Incentive-Signalling Approach. The Bell Journal of Economics, Vol 8, No 1.
Sari, R.K., Wati, F.F., & Kuhon, F. (2021). Analisis Laporan Keuangan Menggunakan Metode Vertikal Horizontal untuk Mengevaluasi Kinerja Keuangan pada PT. Mandom Indonesia Tbk. Jurnal Sistem Informasi Akuntansi, Vol 1, No 1.
Siwi, A.R. (2018). Analisis Kinerja Keuangan Berdasarkan Rasio Keuangan (Studi pada Perusahaan BUMN Sektor Konstruksi yang Terdaftar di Bursa Efek Indonesia Periode 2014-2017). Jurnal Ilmiah Mahasiswa FEB, Vol 6, No 2.
Spence, M. (1978) Job Market Signaling Uncertainty in Economics. Academic Press.
Sugiyono. (2018). Metode Penelitian Kuantitatif, Kualitatif, dan R&D. Bandung: Alfabeta.
Tinambunan, A.P. (2017). Analisis Vertikal dan Horizontal terhadap Laporan Keuangan PT. Perkebunan Nusantara III (Persero) Medan. Jurnal Manajemen dan Bisnis, Vol 17, No 1.