Financial Performance Analysis of PT Fast Food Indonesia Listed on the Indonesia Stock Exchange in 2022-2023
This study aims to analyze the financial performance of PT Fast Food Indonesia Tbk (KFC franchise holder in Indonesia) in the period 2022–2023 using financial ratio analysis, including liquidity, solvency, activity, and profitability. Data are taken from the company's financial statements publ...
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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 |
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| Online Access: | https://e-journal.uac.ac.id/index.php/iijse/article/view/6988 |
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| author | Elvina Diah Palupi Ferida Ferida Erwin Budianto |
| author_facet | Elvina Diah Palupi Ferida Ferida Erwin Budianto |
| author_sort | Elvina Diah Palupi |
| collection | DOAJ |
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This study aims to analyze the financial performance of PT Fast Food Indonesia Tbk (KFC franchise holder in Indonesia) in the period 2022–2023 using financial ratio analysis, including liquidity, solvency, activity, and profitability. Data are taken from the company's financial statements published on the Indonesia Stock Exchange (IDX). The results of the study show that the company experienced a significant decline in performance: (1) Liquidity ratios (Current Ratio and Quick Ratio) are below industry standards, indicating an inability to meet short-term obligations; (2) Solvency ratios (DER and DAR) show a high dependence on debt with DER reaching 440.24% (2023), indicating serious financial risk; (3) Activity ratios (TATO and ITO) are inefficient, reflecting suboptimal utilization of assets and inventory; (4) Profitability ratios (NPM and ROA) are negative, with ROA -10.69% (2023), indicating operational losses. The implications of this study emphasize the need for improved working capital management, debt restructuring, operational efficiency, and revenue-increasing strategies. Limitations of the study include the short analysis period and focus on one company. Suggestions for further research include the use of longer-term data and more comprehensive analysis.
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| format | Article |
| id | doaj-art-ad288524973d421ea2915a04d07ba0cf |
| institution | DOAJ |
| 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-ad288524973d421ea2915a04d07ba0cf2025-08-20T03:16:06ZengUniversitas KH Abdul Chalim, Prodi Ekonomi SyariahIndonesian Interdisciplinary Journal of Sharia Economics2621-606X2025-07-018210.31538/iijse.v8i2.6988Financial Performance Analysis of PT Fast Food Indonesia Listed on the Indonesia Stock Exchange in 2022-2023Elvina Diah Palupi0Ferida Ferida1Erwin Budianto2Universitas Swadaya Gunung Jati, Cirebon, IndonesiaUniversitas Swadaya Gunung Jati, Cirebon, IndonesiaUniversitas Swadaya Gunung Jati, Cirebon, Indonesia This study aims to analyze the financial performance of PT Fast Food Indonesia Tbk (KFC franchise holder in Indonesia) in the period 2022–2023 using financial ratio analysis, including liquidity, solvency, activity, and profitability. Data are taken from the company's financial statements published on the Indonesia Stock Exchange (IDX). The results of the study show that the company experienced a significant decline in performance: (1) Liquidity ratios (Current Ratio and Quick Ratio) are below industry standards, indicating an inability to meet short-term obligations; (2) Solvency ratios (DER and DAR) show a high dependence on debt with DER reaching 440.24% (2023), indicating serious financial risk; (3) Activity ratios (TATO and ITO) are inefficient, reflecting suboptimal utilization of assets and inventory; (4) Profitability ratios (NPM and ROA) are negative, with ROA -10.69% (2023), indicating operational losses. The implications of this study emphasize the need for improved working capital management, debt restructuring, operational efficiency, and revenue-increasing strategies. Limitations of the study include the short analysis period and focus on one company. Suggestions for further research include the use of longer-term data and more comprehensive analysis. https://e-journal.uac.ac.id/index.php/iijse/article/view/6988Financial Performance, PT Fast Food Indonesia, Liquidity Ratio, Solvency Ratio, Activity Ratio, Profitability Ratio |
| spellingShingle | Elvina Diah Palupi Ferida Ferida Erwin Budianto Financial Performance Analysis of PT Fast Food Indonesia Listed on the Indonesia Stock Exchange in 2022-2023 Indonesian Interdisciplinary Journal of Sharia Economics Financial Performance, PT Fast Food Indonesia, Liquidity Ratio, Solvency Ratio, Activity Ratio, Profitability Ratio |
| title | Financial Performance Analysis of PT Fast Food Indonesia Listed on the Indonesia Stock Exchange in 2022-2023 |
| title_full | Financial Performance Analysis of PT Fast Food Indonesia Listed on the Indonesia Stock Exchange in 2022-2023 |
| title_fullStr | Financial Performance Analysis of PT Fast Food Indonesia Listed on the Indonesia Stock Exchange in 2022-2023 |
| title_full_unstemmed | Financial Performance Analysis of PT Fast Food Indonesia Listed on the Indonesia Stock Exchange in 2022-2023 |
| title_short | Financial Performance Analysis of PT Fast Food Indonesia Listed on the Indonesia Stock Exchange in 2022-2023 |
| title_sort | financial performance analysis of pt fast food indonesia listed on the indonesia stock exchange in 2022 2023 |
| topic | Financial Performance, PT Fast Food Indonesia, Liquidity Ratio, Solvency Ratio, Activity Ratio, Profitability Ratio |
| url | https://e-journal.uac.ac.id/index.php/iijse/article/view/6988 |
| work_keys_str_mv | AT elvinadiahpalupi financialperformanceanalysisofptfastfoodindonesialistedontheindonesiastockexchangein20222023 AT feridaferida financialperformanceanalysisofptfastfoodindonesialistedontheindonesiastockexchangein20222023 AT erwinbudianto financialperformanceanalysisofptfastfoodindonesialistedontheindonesiastockexchangein20222023 |