ANALISIS PERBANDINGAN KINERJA KEUANGAN PT SEMEN INDONESIA (PERSERO) TBK DAN PT SOLUSI BANGUN INDONESIA (PERSERO) TBK PADA TAHUN 2020-2021

Abstract

The aim of this research is to analyze the financial performance comparison between PT Semen Indonesia
(Persero) Tbk and PT Solusi Bangun Indonesia (Persero) Tbk. The success of a company can be achieved by meeting the
standards and goals that have been set, one of which is by looking at its financial performance. Financial performance of
a company is the effort made by each company in measuring and assessing every success in generating profits, so that the
company can see the prospects, growth, and potential development that have been achieved in the company. Financial
performance includes Liquidity Ratios (Current Ratio and Quick Ratio), Solvency Ratios (Debt Ratio) and Profitability
Ratios (Profit Margin and Return on Assets). This research was conducted using a quantitative method. Data collection
was done secondarily using the company's financial statements for the period of 2020 - 2021 published by the official
website of the Indonesia Stock Exchange. Based on the calculation results of the financial ratios of PT Semen Indonesia
(Persero) Tbk (code SMGR) and PT Solusi Bangun Indonesia (code SMCB), it can be concluded that the financial
performance of PT Semen Indonesia (Persero) Tbk and PT Solusi Bangun Indonesia Tbk is quite good in fulfilling their
short-term obligations from 2020 to 2021. In terms of debt ratio, PT Semen Indonesia (Persero) Tbk has a ratio that tends
to decrease from 2020 to 2021, meaning that a smaller percentage of debt is used for the company's financing, resulting
in lower risk. The debt ratio of PT Solusi Bangun Indonesia Tbk decreased from 2020 to 2021. Regarding the company's
profitability ratio, it can be seen that the net profit margin for 2021 decreased. However, the condition is quite stable
because the decrease is not drastic and has not caused any losses yet.

Keywords: Liquidity Ratios, Profitability Ratios, Solvency Ratios, Financial Performance, Comparative Analysis