Evaluating company performance based on financial statement analysis

Abstract

This research aims to evaluate the financial performance of a state‑owned corporation. The study employs a descriptive quantitative approach. The population consists of the company’s financial statements, with a sample covering the period from 2013 to 2022. Data were collected through documentation and analyzed using financial ratios and trend analysis. The results indicate that, based on liquidity, profitability, and activity ratios, the company has not been efficient in managing its assets and equity to increase sales, obtain maximum profits, and meet short‑term obligations. However, from the solvency ratio perspective, the company is capable of meeting long‑term debt obligations using its assets and equity. Compared to the industry average for telecommunications companies, the company performs better and demonstrates potential for future growth.