Bata's 2023 Financial Review: Insights from Key Ratios
DOI:
https://doi.org/10.59890/ijbmp.v3i1.230Keywords:
Covid-19 Pandemic, Corporate Resilience, Financial Performance, Financial Ratios, Footwear IndustryAbstract
This research focuses on evaluating the financial performance of PT Sepatu Bata Tbk in 2023 compared to 2022 by analyzing liquidity, solvency, profitability, and activity ratios. The study utilizes consolidated financial statements for the fiscal years ending December 31, 2023, and 2022. The findings reveal a notable deterioration in the company's financial performance, as evidenced by reduced liquidity ratios, higher solvency ratios, and declining profitability ratios. While the activity ratios show minor gains in efficiency, these improvements are insufficient to counteract the overall negative trend in financial performance. The results provide valuable insights for management, investors, and creditors in their financial decision-making processes. Additionally, this study enhances the existing literature on the effects of the Covid-19 pandemic on corporate financial performance and underscores the need for a comprehensive approach to assessing a company's resilience. Future studies could delve into identifying factors that strengthen a company's ability to withstand external disruptions
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