Financial Ratio Analysis for Strategic Decision-Making in the Football Industry: A Case Study of PT Bali Bintang Sejahtera (2019–2023)
This study aims to analyze the financial performance of PT Bali Bintang Sejahtera Tbk for the 2019–2023 period based on liquidity, solvency, and profitability ratios to evaluate financial stability and the effectiveness of the club's business strategies within the football industry. This resea...
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| Format: | Article |
| Language: | English |
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Universitas KH Abdul Chalim, Prodi Ekonomi Syariah
2025-07-01
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| Series: | Indonesian Interdisciplinary Journal of Sharia Economics |
| Subjects: | |
| Online Access: | https://e-journal.uac.ac.id/index.php/iijse/article/view/6858 |
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| _version_ | 1849430663724269568 |
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| author | Rangga Eka Saputra Lia Nirawati |
| author_facet | Rangga Eka Saputra Lia Nirawati |
| author_sort | Rangga Eka Saputra |
| collection | DOAJ |
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This study aims to analyze the financial performance of PT Bali Bintang Sejahtera Tbk for the 2019–2023 period based on liquidity, solvency, and profitability ratios to evaluate financial stability and the effectiveness of the club's business strategies within the football industry. This research utilizes secondary time-series data obtained from annual financial reports published on the Indonesia Stock Exchange (BEI). The analysis results indicate that PT Bali Bintang Sejahtera Tbk exhibits very high liquidity, with a current ratio of 875.19%, a quick ratio of 257.55%, and a cash ratio of 257.55%. In terms of solvency, the debt-to-asset ratio of 10.78% and the debt-to-equity ratio of 12.19% reflect a low dependency on debt. However, profitability still requires improvement, with a return on assets (ROA) of 5.75% and a return on equity (ROE) of 6.28%. This study contributes to a better understanding of financial performance in football clubs. Practically, the findings serve as a reference for investors, creditors, and club management in making strategic decisions related to investment, financing, and asset management to enhance profitability and competitiveness.
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| format | Article |
| id | doaj-art-9292ede605a048c2bb3ccbc0edffb91c |
| institution | Kabale University |
| issn | 2621-606X |
| language | English |
| publishDate | 2025-07-01 |
| publisher | Universitas KH Abdul Chalim, Prodi Ekonomi Syariah |
| record_format | Article |
| series | Indonesian Interdisciplinary Journal of Sharia Economics |
| spelling | doaj-art-9292ede605a048c2bb3ccbc0edffb91c2025-08-20T03:27:52ZengUniversitas KH Abdul Chalim, Prodi Ekonomi SyariahIndonesian Interdisciplinary Journal of Sharia Economics2621-606X2025-07-0183Financial Ratio Analysis for Strategic Decision-Making in the Football Industry: A Case Study of PT Bali Bintang Sejahtera (2019–2023)Rangga Eka Saputra0Lia Nirawati1Universitas Islam Negeri Sumatera Utara, Medan, IndonesiaUniversitas Pembangunan Nasional “Veteran” Jawa Timur, Surabaya, Indonesia This study aims to analyze the financial performance of PT Bali Bintang Sejahtera Tbk for the 2019–2023 period based on liquidity, solvency, and profitability ratios to evaluate financial stability and the effectiveness of the club's business strategies within the football industry. This research utilizes secondary time-series data obtained from annual financial reports published on the Indonesia Stock Exchange (BEI). The analysis results indicate that PT Bali Bintang Sejahtera Tbk exhibits very high liquidity, with a current ratio of 875.19%, a quick ratio of 257.55%, and a cash ratio of 257.55%. In terms of solvency, the debt-to-asset ratio of 10.78% and the debt-to-equity ratio of 12.19% reflect a low dependency on debt. However, profitability still requires improvement, with a return on assets (ROA) of 5.75% and a return on equity (ROE) of 6.28%. This study contributes to a better understanding of financial performance in football clubs. Practically, the findings serve as a reference for investors, creditors, and club management in making strategic decisions related to investment, financing, and asset management to enhance profitability and competitiveness. https://e-journal.uac.ac.id/index.php/iijse/article/view/6858Financial PerformanceFinancial RatiosFootball IndustryLiquiditySolvencyProfitability |
| spellingShingle | Rangga Eka Saputra Lia Nirawati Financial Ratio Analysis for Strategic Decision-Making in the Football Industry: A Case Study of PT Bali Bintang Sejahtera (2019–2023) Indonesian Interdisciplinary Journal of Sharia Economics Financial Performance Financial Ratios Football Industry Liquidity Solvency Profitability |
| title | Financial Ratio Analysis for Strategic Decision-Making in the Football Industry: A Case Study of PT Bali Bintang Sejahtera (2019–2023) |
| title_full | Financial Ratio Analysis for Strategic Decision-Making in the Football Industry: A Case Study of PT Bali Bintang Sejahtera (2019–2023) |
| title_fullStr | Financial Ratio Analysis for Strategic Decision-Making in the Football Industry: A Case Study of PT Bali Bintang Sejahtera (2019–2023) |
| title_full_unstemmed | Financial Ratio Analysis for Strategic Decision-Making in the Football Industry: A Case Study of PT Bali Bintang Sejahtera (2019–2023) |
| title_short | Financial Ratio Analysis for Strategic Decision-Making in the Football Industry: A Case Study of PT Bali Bintang Sejahtera (2019–2023) |
| title_sort | financial ratio analysis for strategic decision making in the football industry a case study of pt bali bintang sejahtera 2019 2023 |
| topic | Financial Performance Financial Ratios Football Industry Liquidity Solvency Profitability |
| url | https://e-journal.uac.ac.id/index.php/iijse/article/view/6858 |
| work_keys_str_mv | AT ranggaekasaputra financialratioanalysisforstrategicdecisionmakinginthefootballindustryacasestudyofptbalibintangsejahtera20192023 AT lianirawati financialratioanalysisforstrategicdecisionmakinginthefootballindustryacasestudyofptbalibintangsejahtera20192023 |